Kuvam International - Outcome of AGM

Kuvam International Fashions Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have passed the following resolutions:

1. Members unanimously adopted the Annual Accounts, Auditor's & Directors Report for the year ended on March 31, 2009.

2. Mr. Rajinder Bansal the Retiring Director was unanimously reappointed.

3. M/s. SRY & Associates, Chartered Accountant, were appointed as Statutory Auditors of the Company.

4. Mr. Praveen Rastogi, who was appointed as Additional Directors of the Company, is appointed as Director of the company.

5. Members has approved to Increase the Share Capital of the Company, and as consequence clause V of Memorandum of the company is altered.

6. Members has approved to Issue Convertible Equity Warrants on Preferential basis to various allottees, as a Special Resolution.

7. Members has approved to change the Management of the Company under Regulation 12 of SAST, through Appointment of Mr. Bhavesh Makwana as Managing Director of the company along with Mr. Deepak Rathod as Joint Managing Director, as a Special Resolution.