Silicon Valley - Outcome of AGM

Silicon Valley Infotech Ltd has informed BSE that the members at the 26th Annual General Meeting (AGM) of the Company held on September 17, 2009, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet of the Company as on March 31, 2009 the Profit and Loss Account of the Company for the financial year ended March 31, 2009, together with the Schedules and Notes, as attached thereto, the Directors' Report dated June 29, 2009 annexed thereto, and the Auditors' Report to the Members dated June 30, 2009.

2. Re-appointment Shri. B. P. Jhunjhunwala, as a Director of the Company, liable to retire by rotation.

3. Re-appointment of M/s. P. K. Ajitsaria & Co., Chartered Accountants, Kolkata, as Auditors of the Company, who shall hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting, on remuneration terms & conditions.