Dwarikesh Sugar - Outcome Of AGM

Dwarikesh Sugar Industries Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on March 23, 2007, inter alia, have accorded to the following:1. Adoption of Directors Report together with the Audited Balance sheet as on September 30, 2006 and the Profit and Loss account for the year ended on that date and the Auditors report thereon.2. Declaration of dividend on Redeemable Non-Cumulative Preference Shares at the rate of 12%.3. Declaration of dividend at the rate of 60% (Rs 6.00 per Share) on Equity Shares of Rs 10/- each for the year ended September 30, 2006.4. Re-appointment of Shri. Suresh Kumar Neotia, Shri. M G Diwan & Shri. K P Medhekar as Directors of the company.5. Re-appointment of M/s. S S Kothari Mehta & Co. as Statutory Auditors to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company.6. Re-appointment of Shri. G R Morarka, Chairman & Managing Director for the period of 3 years and on an enhanced remuneration.7. Authorise Board of Directors with a power to enhance remuneration for Ms. Priyanka G Morarka, Management Executive (Finance).8. Increase Borrowing Limits up to Rs 1000 Crores.9. Authorise Board of Directors to create mortgage on the assets of the Company up to Rs 1000 Crores.