Outcome of AGM

• Security Code: 519479
• Company: OMEAG

Omega Ag-Seeds Punjab Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 29, 2011, inter alia, have accorded to the following:

1. Approved audited Balance Sheet and Profit & Loss Account for the year ended March 31, 2011 together with the Directors’ Report and Auditors Report attached thereto.

2. Mr. Niral Nitin Parekh, retiring Director was reappointed as Director of the Company.

3. Mrs. Leena Nitin Parekh, retiring Director was reappointed as Director of the Company

4. M/s. Jaideep Sharma and Co., Chartered Accountants, were re-appointed as Auditors of the company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting.

5. Mr. Nerella Venkata Rama Mohan Rao who was appointed as additional director with effect from May 28, 2011 was appointed as Director of the Company, liable to retire by rotation.

6. Mr. Venkata Raghunadh Nerella who was appointed as additional director with effect from May 28, 2011 was appointed as Director of the Company, liable to retire by rotation.

7. Mr. Obuireddy Puppala who was appointed as additional director with effect from May 28, 2011 was appointed as Director of the Company, liable to retire by rotation.

8. Mr. Rakesh Jain as who was appointed as additional director with effect from May 28, 2011 was appointed Director of the Company, liable to retire by rotation.

9. Members have passed the resolution for increase of the Authorised Share Capital to Rs.25 crores divided in to 2,50,00,000 equity shares of Rs.10 each.

10. Pursuant to increase of share capital, members have passed special resolution for altering Articles of Association of the Company for the insertion of necessary changes as to increase of authorized capital.

11. Due to prevailing market conditions and other practical reasons, special resolution under section 81 1A of the Companies Act, 1956 for issue of shares on preferential basis to non promoters was deferred and the same will be considered at appropriate time.

12. Members passed special resolution for delisting of shares from regional stock exchanges at Ludhiana, Delhi, Kanpur, Mangalore, Hyderabad and Ahmedabad.