Skyline Millars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 14, 2009, inter alia, has approved the following:

1. Accepted resignation of Mr. Jitendra Tater as Director of the Company w.e.f. October 14, 2009.

2. Appointment of Mr. Shlipin Tater as Director of Company in place of Mr. Jitendra Tater.

3. Approval of alteration of memorandum and Articles of Association pursuant to section 17 of the Companies Act, 1956 of the Company subject to approval of shareholders Pursuant to the provisions of Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001. In the said meeting the Board also approved the following.

a. Approval of Calendar of Event.

b. Approval of notice of Postal Ballot Pursuant to Section 192A of the Companies Act, 1956.

c. Approval of draft of Postal Ballot Form.

d. Approval of notice to be published in Newspapers in English & Marathi.

e. To Appoint a Scrutinizer.

f. To appoint any one of the Director Responsible for Entire Polling Process.