Reliable Ventures - Outcome Of AGM

Reliable Ventures India Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet of the Company as at March 31, 2007, Profit & Loss Account for the 12 months period ended on that day and the Auditors and Directors Report thereon.

2. Re-appointment of Mr. S Shankar Narayanan as a Director of the Company liable to retire by rotation.

3. Re-appointment of M/s. MAK & Associates, a firm of Chartered Accountants, Indore, as Statutory Auditors of the Company to hold the office as such from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company on remuneration, terms & Conditions.

4. De-listing of the equity shares of the Company from the Regional Stock Exchange i.e. M.P. Stock Exchange Ltd, Indore and Delhi Stock Exchange Association Ltd, subject to necessary provisions and approvals.

5. Appointment of Mr. Chandan Mitra, Mr. Prakash Singh & Mr. Debasis Chaudhuri as Directors of the Company, liable to retire by rotation.