Kamdhenu Ispat Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have passed the following resolution with unanimous consent:

1. Adoption of Audited Annual Accounts along-with report of Directors and Auditors thereon and other documents forming part of Annual Report for the year ended 2006-07.

2. Re-appointment of Mr. Purshottam Dass Agarwal & Mr. Suresh Kr. Singhal, as directors subject to retirement by rotation.

3. Re-appointment of M/s. S Singhal & Co. Chartered Accountants as Statutory Auditors for the financial year 2007-08.

4. Appointment of Mr. Parvesh Goyal as Director subject to retirement by rotation.

5. Increase in Borrowing limits of the Company up to Rs 300.00 Crores u/s 293 (1)(d) of the Company, in excess of paid up capital and free reserves of the Company.

6. Increase in Foreign Institutional Investors investment limit up to 49% of the total paid up equity of the Company.