Sharyans Resources - Outcome of AGM

Sharyans Resources Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 26, 2009, inter alia, have accorded the following:

1. The audited Balance Sheet as at March 31, 2009 and the Profit and Loss Account for the year ended on that date alongwith the Report of the Board of Directors' as well as the Auditors' thereon were considered & adopted by the Members of the Company.

2. The Board of Directors had recommended a dividend @ Rs. 1.50 per share (15%) for the financial year 2008-09 on the paid up equity share capital of the Company. The shareholders approved and declared the same.

3. Mr. Altaf Wahedna & Mr. Kareem Razak retired by rotation and being eligible, were re-appointed as the Directors of the Company by the Members present.

4. M/s. Chaturvedi & Shah, Chartered Accountants, Mumbai, was re-appointed as the Statutory Auditors of the Company to hold the office as such from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting with the authority to the Board to fix their remuneration.

5. Mr. Mahesh Shirodkar, the Independent Additional Director of the Company, was appointed as an Independent Director liable to retire by rotation.