Mac Charles - Outcome Of EGM

Mac Charles India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 25, 2007, inter alia, have accorded to the following:1. Ratification of the allotment of 10,00,000 Equity Shares of Rs 10/- each of the Company at a premium of Rs 13.28 per share made to Mr. C B Pardhanani, Promoter, on preferential basis in accordance with the Special Resolutions passed at Item No. 8 at the 20th Annual General body Meeting of the Company held on December 26, 2000 for allotment of equity shares to promoter.2. Appointment and remuneration of Miss. Sangeeta C Pardhanani, whole time Executive Director as Managing Director for period of five years with effect from December 05, 2006 to December 04, 2011, on terms & conditions.3. Remuneration payable to Mr. C B Pardhanani, Chairman of the Company for each financial year for a period of 5 (five) years with effect from April 01, 2007.