Outcome of AGM

• Security Code: 500825
• Company: BRITANNIA

Britannia Industries Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on August 06, 2011, inter alia, have accorded the following:

1. Adopted the audited Profit and Loss Account for the year ended March 31, 2011 and the Balance Sheet as on that date together with the reports of the Board of Directors and Auditors thereon.

2. Declared dividend of Rs. 6.50/- per share of Rs. 2/- each.

3. Re-appointment of Mr. Nusli N Wadia, as a Director (who retired by rotation and being eligible, offered himself for re-appointment).

4. Re-appointment of Mr. A. K. Hiree, as a Director (who retired by rotation and being eligible, offered himself for re-appointment).

5. Re-appointment of Mr. Jeh N Wadia , as a Director (who retired by rotation and being eligible, offered himself for re-appointment).

6. Appointed Messrs. M/s. B S R & Co., Chartered Accountants as Auditors from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on remuneration, terms & conditions.

7. Appointed Dr. Ajai Puri as a Director.

8. Re-appointed Ms. Vinita Bali as Managing Director of the Company for a further period of five years with effect from May 31, 2011.

9. Approved further modification of the Special Resolution passed at the 89th Annual General Meeting (AGM) of the members held on July 28, 2008, approving the proposal for introduction of an Employee Stock Option Scheme(ESOS) as modified by the Special Resolution passed at the 91st AGM held on August 09, 2010, so as to provide that the total / maximum number of equity shares of Rs. 2/ each to be allotted on exercise of the rights attached to the options granted under the ESOS framed and amended by the Company under the authority vested in terms of the aforesaid Resolutions be enhanced and further amended wherever they occur in the aforesaid Resolutions and the ESOS from 500,000 to 875,000, provided that all other terms, and conditions governing the ESOS shall remain unchanged, in accordance with the provisions of the ESOS and Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 (SEBI Stock Option Guidelines).