Universal Cables - Outcome Of AGM

Universal Cables Ltd has informed that the members at the 62nd Annual General Meeting (AGM) of the Company held on July 18, 2007, inter alia, have accorded the following:1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2007 and the Profit & Loss Account and Cash Flow Statement for the year ended on that date, together with the Directors Report (including the Annexures attached thereto) and Auditors Report thereon.2. Declaration of Dividend on Equity Shares of Rs 10/- each fully paid @ Rs 2.40 per share (i.e. 24%) in respect of the year ended March 31, 2007.3. Re-appointment of Shri. H V Lodha and Shri. S C Jain as Directors of the Company, liable to retire by rotation.4. Re-appointment of Messrs. S R Batliboi & Co., Chartered Accountants, as Auditors of the Company to hold Office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.5. Re-appointment of Messrs. Satish Dhume & Co., Chartered Accountants, Panaji, Goa as Branch Auditors for the Companys Unit namely Optic Fibre Goa to hold Office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.6. Appointment of Dr. S R Jain, Shri. J C Sharma and Shri. Dinesh Chanda, as Directors of the Company, liable to retire by rotation.7. Approval payment of remuneration to Shri. D R Bansal, Chief Mentor and Manager with effect from August 08, 2007 on terms & conditions.