Outcome of Board Meeting (AGM on Sept 11, 2015)

• Security Code: 503310
• Company: SWANENERGY

Swan Energy Ltd has informed BSE that the Board of Directors of the Company have fixed the date September 11, 2015 for 107th Annual General Meeting (AGM) of the Company and have approved following resolutions, subject to approval of the shareholders at the ensuing AGM to be held on September 11, 2015 :

1. To consider and adopt Audited Financial results (Standalone & Consolidated) for the year ended March 31, 2015 and the Reports of the Directors and the Auditors thereon.

2. To declare dividend @ 15% on Equity Shares (Rs. 0.15 per share) for the year ended March 31, 2015.

3. To appoint Mr. Padmanabhan Sugavanam, who is retiring by rotation and being eligible, offers himself for re-appointment.

4. To ratify the appointment of M/s V.R. Renuka & Co., Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this AGM till the conclusion of next AGM of the Company and to authorize the Board to fix their remuneration.

5. To ratify Cost Auditor’s remuneration.

6. To re-appoint Mr. Padmanabhan Sugavanam as Whole Time Director of the Company and fix remuneration.

7. To raise capital through QIP / GDR/ ADR/ FCCB upto an amount not exceeding Rs. 1200 crores.