Hero Honda - Outcome Of AGM

Hero Honda Motors Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on July 24, 2007, inter alia, have accorded the following:

1. Adoption of the Profit and Loss Accounts for the year ended March 31, 2007 and the Balance Sheet as at that date together with the Directors and the Auditors Report thereon.

2. Declaration of Dividend of Rs 17 per Equity shares of Rs 2 each for the year ended March 31, 2007.

3. Re-appointment of Mr. Om Prakash Munjal, Mr. Narinder Nath Vohara, Mr. Analjit Singh & Dr. Pritam Singh as Directors of the Company, who retire by rotation.

4. Appointment of M/s. A F Ferguson & Co, Chartered Accountants, New Delhi, as Auditors of the Company to hold office from the conclusion of the Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.

5. Mr. Yutaka Kudo, who was appointed as Additional Director of the Company, appointed as Director of the Company, liable to retire by rotation.

6. Mr. Takashi Nagai, who was appointed as Additional Director of the Company, appointed as Director of the Company, liable to retire by rotation.

7. Payment & Distribution of a sum not exceeding 0.10 per cent per annum of the net profit of the Company amongst the Non-Executive Independent Directors of the Company in such amount or proportion and in such manner and in all respects as may be directed by the Board of Directors(s) and such payment shall be made in respect of the profits of the Company for each year of the period of five years commencing April 01, 2007 in addition to the Sitting Fee.

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