Outcome of AGM

• Security Code: 506109
• Company: GENESYS

Genesys International Corporation Ltd has informed BSE that the members at the 29th Annual General Meeting (AGM) of the Company held on September 22, 2011 inter alia, have transact to the following:

1. Adoption of the Audited Profit and Loss A/c for the Financial year ended March 31, 2011, the Balance Sheet as at that date, the Cash Flow Statement and the Reports of the Directors’ and Auditors’.

2. Declaration of the recommendation of dividend at the rate of Rs. 1.25 per share of Rs. 5/- each on the paid up equity share capital of the Company.

3. Re-appointment of Mrs. Saroja Malik, as a Director of the Company, liable to retire by rotation.

4. Re-appointment of Mr. Hemant Majethia, as a Director of the Company, liable to retire by rotation.

5. Appointment of M/s. Contractor, Nayak & Kishnadwala, Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting (AGM) until the conclusion of the next Annual General Meeting (AGM) of the Company on remuneration, terms & conditions.

6. Appointment of Mr. Anil Kumar Lakhina as a Additional Director with effect from January 12, 2011, liable to retire by rotation.

7. Accorded for payment of commission for each of the five financial years commencing from April 01, 2011 to the Non Executive Directors of the Company (other than the Managing Director and Whole Time Directors, if any), provided that the commission payable to the Non Executive Directors per annum shall not exceed in the aggregate One percent (1%) of the Net Profits of the Company, computed in the manner laid down by Sections 198, 349, 350 and other applicable provisions, if any, of the Companies Act, 1956, with authority to the Board of Directors of Company to determine the quantum, the proportion and manner of such payment and distribution as the Board may from time to time decide, such that the amount of commission to each Director may vary depending on the responsibilities as Member/Chairman of the Board, Member/Chairman of any Committee/s of the Board and all other relevant factors.