Alfa Transformers - Outcome Of AGM

Alfa Transformers Ltd has informed that the members at the 25th Annual General Meeting (AGM) of the Company held on July 28, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit & Loss A/c for the year ended as on that date together with schedules and notes thereon and the reports of the Board of Directors and the Auditor thereon.

2. Re-appointment of Mr. Santosh Kumar Nanda, Mr. Sambit Kumar Mohanty & Dr. N C Pal, as Directors of the Company.

3. Re-appointment of M/s. A K Sabat and Co., Chartered Accountants, Bhubaneswar as Statutory Auditor of the Company from the conclusion of this Meeting till the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.

4. Appointment of Mr. Supratim Basu as a Director of the Company, liable to retire by rotation.

5. Reappointment of Mr. Dilip Kumar Das, as Managing Director with effect from August 07, 2007 for a period of five years, on remuneration terms & conditions.

6. Increase the remuneration payable to Mr. Deepak Kumar Das, Executive Director (Finance) with retrospective effect from April 01, 2007 for a period of two years, on terms & conditions.