Batliboi - Outcome Of AGM

Batliboi Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on July 28, 2007, inter alia, have approved the following:

1. Annual Audited Profit & Loss Account for the year ended March 31, 2007 and Balance Sheet as of that date.

2. Dividend @ 20% (i.e. Rs 2/- per Equity Share of Rs 10/- each).

3. The variation in the remuneration of Mr. Nirmal Bhogilal, CMD of the Company.

4. Re-appointment of Mr. George Verghese as Executive Director for the period April 01, 2007 to December 31, 2007.

5. Re-appointment of Mr. K L Swami as Executive Director for a period of 5 years with effect from April 01, 2007.

6. Payment of Remunerations to Mr. Kabir Bhogilal (Relative of Director) u/s 314.

7. Amendment in the Articles of Association to include the provisions of Buy Back of Shares & Demat Shares.

8. Appointment of Mr. U H Duden as Director of the Company.