Goa Carbon - Outcome Of AGM

Goa Carbon Ltd has informed that the members at the 39th Annual General Meeting (AGM) of the Company held on July 27, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account and Cash Flow Statement for the 9 months ended March 31, 2007 together with the Directors Report and the Auditors Report thereon.

2. Declaration of dividend @ 15% (Re 1.50 per share) on Equity Shares for the 9 months ended March 31, 2007.

3. Re-appointment of Mr. Keki M Elavia, Mr. P G Kakodkar & Mr. Soiru V Dempo as Directors of the Company.

4. Re-appointment of M/s. Fraser & Ross, Chartered Accountants, Chennai as Auditors of the Company to hold office till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

5. Enhancement in the remuneration payable to Mr. S Ramachandran, Executive Director of the Company, with effect from April 01, 2007, on terms & conditions.

Source : www.indian-commodity.com