Sterling Biotech - Outcome Of AGM

Sterling Biotech Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on May 12, 2007, inter alia, have transacted the following business:1. Approved and adopted the Audited Accounts of the Company for the year ended December 31, 2006.2. Declared a Dividend at the rate of 50% (Rs 0.50 per share of Rs 1/- each) for the year ended December 31, 2006.3. Re-appointed Shri. R B Dixit & Shri. Vilas Joshi as Directors of the Company.4. Re-appointed M/s. H S Hathi & Co., Chartered Accountants as Auditors of the Company to hold office until the conclusion of next Annual General Meeting.5. Passed Special Resolution for further issue of equity Shares, ADR, GDR etc. upto USD 300 million u/s 81(IA) of the Companies Act, 1956.