Diamines & Chemicals - Outcome of AGM

Diamines & Chemicals Ltd has informed that the members at the 31st Annual General Meeting (AGM) of the Company held on July 23, 2007, inter alia, have accorded the following:

1. Adoption of the Profit & Loss Account for the year ended March 31, 2007, the Balance Sheet as at that date together with the Notes and Schedules along with the Report Of the Directors and the Auditors thereon.

2. Declaration and payment of interim dividend in March 2007 for the year 2006-07 at the rate of 15 per cent on 6522160 equity shares of Rs 10 each fully paid up amounting to Rs 97.832 lacs.

Further resolved that, the Company approves declaration and payment of final dividends:

(a) at the rate of 9 per cent on 14070 Cumulative Preference Shares of Rs 100/- fully paid up: and

(b) at the rate of 25 per cent on 6522160 equity shares.

for the year 2006-07 amounting to Rs 164.32 lacs.

3. Re-appointment of Mr. Amit M Mehta & Mr. G G Chendwankar, as Directors of the Company, liable to retire by rotation.

4. Re-appointment of M/s. C C Chokshi & Co., Chartered Accountants, Vadodara, 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 of the Company on remuneration, terms & conditions.