Godrej Industries - Outcome Of AGM

Godrej Industries Ltd has informed that the members at the 19th Annual General Meeting (AGM) of the Company held on July 27, 2007, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet as at March 31, 2007, the Profit & Loss Account and Cash Flow Statement for the year ended March 31, 2007, the Auditors Report thereon, the Directors Report dated May 25, 2007 along with Management Discussion and Analysis Report and Statement of Corporate Governance.

2. Declaration of payment of final dividend to all equity shareholders at the rate of Rs 1/- per equity share, during the year ended March 31, 2007.

3. Re-appointment of Mr. A B Godrej as a Director of the Company, liable to retire by rotation.

4. Re-appointment & remuneration payable to Mr. N B Godrej as Managing Director of the Company for a period of three years from April 01, 2008 to March 31, 2011, on remuneration, terms & conditions.

5. Re-appointment of Mr. S A Ahmadullah, Mr. V N Gogate, & Mr. Fali P Sarkari, as Directors of the Company, liable to retire by rotation.

6. Re-appointment of M/s. Kalyaniwalla & Mistry, Chartered Accountants, as the Auditors of the Company, to audit the Accounts of the Company until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.