Sulabh Engineers & Services Ltd: Outcome of Board Meeting

Sulabh Engineers & Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2011, inter alia, transacted the following:

1. Resignation letter of M/s. Tulsyan & Tulsyan, Chartered. Accountants Statutory Auditor's of the Company was accepted and it was decided to appoint M/s. Rakesh Soni & Company, Chartered Accountants, Mumbai in order to fill casual vacancy in the office of Auditors of the Company subject to the approval of share holders.

2. Approval for issuing of Twenty Eight Lac Equity Shares to Promoters and Non Promoters on preferential basis as per ICDR Regulation subject to the approval of share holders.

3. In order to issue shares it was decided to increase the Authorize Share Capital of the Company from Rupees One Crore to Rs. Six Crore subject to the approval of share holders.

- Others:

4. Mr. Rajiv Agarwal, FCA was appointed as additional director of the Company.

5. Resignation of Shri Virendra Kumar Jhunjhunwala from the Directorship of the Company was accepted.

6. The Board has decided to establish the Corporate Office of the Company at 3/98 Hanumant Kripa, Vishnupuri Kanpur.

7. M/s. Skyline Financial Services Private Limited, Delhi was appointed as Registrar and Transfer Agent of the Company.

8. Mr. Manoj Kumar Agarwal, Director was Appointed as Compliance Officer of the company.

For the. point no. 1, 2 & 3 it was decided to call an Extra Ordinary Genera! Meeting of the Company on March 10, 2011.