Bombay Burmah - Outcome Of AGM

Bombay Burmah Trading Corporation Ltd has informed that the members at the 142nd Annual General Meeting (AGM) of the Company held on July 31, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet and Profit & Loss Account of the Corporation for the year ended March 31, 2007 together with the Reports of the Board of Directors and Auditors thereon.

2. Declaration of Dividend at the rate of Rs 3.00 per share on the Equity Share Capital of the Corporation for the year ended March 31, 2007.

3. Re-appointment of Mr. Nulsi N Wadia & Mr. M L Apte, as Directors of the Corporation.

4. Mr. Ishaat Hussain, who was appointed by the Board of Directors as a Director of the Corporation to fill the casual vacancy caused by the resignation of Field Marshal S H F L Manechshaw, M C, and who holds office upto the date of this Annual General Meeting under Section 262 of the Companies Act, 1956, read with Article 113 of the Articles of Association of the Corporation and being eligible, offers himself for appointment and in respect of whom the Corporation has pursuant to Section 257 of the said Act received a notice in writing from a Member signifying his intention to propose him as a candidate for the office of Director, be and is hereby appointed a Director of the Corporation.

5. Appointment of Messrs. Deloitte Haskins & Sells, Vadodara, Chartered Accountants, as Auditors of the Corporation to hold office from the conclusion of this meeting until the conclusion of next Annual General Meeting of the Corporation, on remuneration, terms and conditions.

6. Appointment of Messrs. Deloitte Haskins & Sells, Chennai, Chartered Accountants, as the Branch Auditors of the Company for auditing the accounts of the branches of the Corporation in South India, for the current financial year, on remuneration, terms and conditions.

Source : www.indian-commodity.com