Hikal - Outcome Of EGM

Hikal Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 14, 2007, have accorded for revision in the remuneration, with effect from April 01, 2007 to March 31, 2008 and from April 01, 2008 to March 31, 2009 to Mr. Anish D Swadi, a relative of Mr. Jai Hiremath, Vice Chairman and Managing Director, Mrs. Sugandha Hiremath, Director and Mr. Sameer Hiremath, Executive Director of the Company and his holding and continuing to hold office of profit, as Sr. General Manager International Business, on terms and conditions.