ISMT Ltd has informed BSE that the members at the 11th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have passed the following resolutions:

1. Audited Annual Accounts for the year ended March 31, 2009 were approved and adopted.

2. Final Dividend of Rs. 0.50 per share i.e. 10% (excluding Interim Dividend of Rs. 0.50 per share i.e. 10% declared by the Board on March 30, 2009) for the financial year 2008-09 was approved.

3. Retiring Directors Mr. Nirmal Chandra and Mr. A. K. Jain have been re-appointed as Director liable to retire by rotation.

4. Mr. V. Kapoor ceased to be a Director on the Board of the Company as he did not offer for reappointment and a resolution to the effect that the vacancy so caused be not filled in was passed by the shareholders.

5. J. K. Shah & Co. and M/s. P. C. Bhagwat Chartered Accountants have been appointed as Joint Statutory Auditors of the Company to hold the office as Joint Auditors of the Company until the conclusion of the next Annual General Meeting.

6. Mr. Vinod Sethi has been appointed as Director liable to retire by rotation.

7. Approved the re-appointment of Whole time Directors viz Mr. Nirmal Chandra, Mr. Salil Taneja and Mr. Rajiv Goel until November 30, 2011.

8. Shareholders have also approved the re-appointment of Mr. O. P. Kakkar as a Whole Time Director designated as Managing Director upto March 31, 2009.