Kulkarni Power - Outcome of AGM

Kulkarni Power Tools Ltd has informed that the members at the 31st Annual General Meeting (AGM) of the Company held on September 13, 2007, inter alia, have sub-divided the Authorised Share Capital of Rs 8,00,00,000 comprising of Rs 5,00,00,000 for 50,00,000 Equity Shares of Rs 10/- each and Rs 3,00,00,000 for 30,00,000 Preference Shares of Rs 10/- each, into 1,00,00,000 Equity Shares of Rs 5/- each instead of 50,00,000 Equity Shares of Rs 10/- each. Similarly the existing Paid up Equity Share Capital of Rs 1,70,00,000 be sub- divided into 34,00,000 Equity Shares of Rs 5/- each instead of 17,00,000 Equity Shares of Rs 10/- each and consequential amendment in the Clause V of the Memorandum of Association of the Company.