Sah Petroleums - Outcome Of AGM

Sah Petroleums Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account for the year ended March 31, 2007, with the Schedules thereon together with Directors Report and the Auditors Report thereon.

2. Declaration of the payment of Interim Dividend as the final dividend on the equity shares of the Company for the financial year ended March 31, 2007.

3. Re-appointment of Mrs. Shobha Sah and Mr. Noshir B Dubash as Directors of the Company.

4. Re-appointment of M/s. N D Daga & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting up to the conclusion of the next Annual General meeting of the Company.

5. Approved an ordinary resolutions under section 293 (1)(a) and 293 (1)(d) for barrowing and mortgaging powers up to Rs 200 Crores.