Vishal Cotspin Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on May 22, 2008, inter alia, have accorded to the following:

1. Adoption of Audited Profit and Loss of the Company for the year ended March 31, 2008 and the Balance Sheet as at date together with the Auditors report thereon and the Report of the directors.

2. Re-appointment of Mr. Balkrishan Boob, Managing Director of the Company liable to retire by rotation.

3. Re-appointment of Mr. R P Shantakumar, Director of the Company liable to retire by rotation.

4. To appoint auditors to hold the office from this Annual General Meeting until the conclusion of the next Annual General Meeting.

5. Withdrawal of petition filed before BIFR for Amalgamation with Madanpalle Spinning Mills Ltd.

6. Since net worth of the Company has become positive, the members approved the decision to seek deregistration from BIFR.