Updates on Outcome of AGM

| Updated on August 18, 2011

Rossell India Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on August 11, 2011, inter alia, have approved the following:

1. Adoption of the Audited Accounts for the year ended March 31, 2011 and Reports of the Directors and Auditors thereon. (Approved by an Ordinary Resolution)

2. Payment of Dividend of Rs. 0.40 per Equity Share of Rs. 2 each i.e. 20% on the Equity Share Capital of the Company for the year ended March 31, 2011. (Approved by an Ordinary Resolution)

3. Re-appointment of Dr. S. S. Baijal as a Director retiring by rotation,. (Approved by an Ordinary Resolution)

4. Appointment of M/s. S. S. Kothari & Co., Chartered Accountants, Kolkata as the Statutory Auditors of the Company till the conclusion of the next Annual General Meeting. (Approved by an Ordinary Resolution)

5. Remuneration by way of Commission, upto a maximum of 1% of the Net Profits to the Non-Executive Directors of the Company to be distributed amongst such Directors in such proportion as may be decided by the Board of Directors. (Approved by a Special Resolution).

Source : BSE - >www.bseindia.com

Published on August 18, 2011

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