SMIFS Capital - Outcome Of AGM

SMIFS Capital Markets Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have passed the following resolutions:

1. For declaration of dividend @ Re 1/- per equity share of Rs 10 each on 55,85,000 shares.

2. For re-appointment of Mr. Chandranath Mukherjee, Director retiring by rotation.

3. For re-appointment of J S Vanjara & Associates Chartered Accountants, as Auditors.

4. For appointment of Mr. Ajay Kumar Kayan as Director of the Company.

5. For appointment of Mr. Utasv Parekh, presently the Chairman of the Company as Executive Chairman of the Company.

6. For increase in the sitting fees paid to Directors for attending the Board Meeting.