JB Chemicals - Outcome Of AGM

JB Chemicals & Pharmaceuticals Ltd has informed that the members at the 31st Annual General Meeting (AGM) of the Company held on July 27, 2007, inter alia, have accorded unanimously approval to the following business:

1. Adoption of the Audited Balance Sheet as at and the Profit and Loss Account for the year ended March 31, 2007 and Reports of the Directors and Auditors thereon.

2. Confirmation of Interim dividend @ 55% i.e. Rs 1.10/- already paid and Declaration of Final Dividend of @ 75% i.e. Rs 1.50/- per Equity share of face value of Rs 2/- for the financial year 2006-07.

3. Re-appointment of Mr. Pranabh D Mody, Mr. Kamlesh L Udani, Mr. D D Chopra and Mr. Vishnu D Patel, retiring by rotation, as Directors of the Company.

4. Re-appointment of J K Shah & Co., Chartered Accountants, the retiring Auditors, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting.

5. Amendment to the Employees Stock Option Scheme.

6. Creation of Mortgage and / or Charge on all or any of the movable and immovable properties of the Company.