Lotte India - Outcome Of AGM

Lotte India Corporation Ltd has informed that the members at the 52nd Annual General Meeting (AGM) of the Company held on July 26, 2007, inter alia, have accorded the following:

1. Adoption of the reports of the Directors and Auditors and the audited Profit and Loss account for the year ended March 31, 2007 and the Balance Sheet as at that date.

2. Re-appointment of Mr. Yong Tack Kim, Mr. Dong Bin Shin & Mr. K R Ganapathy, as Directors of the Company.

3. Re-appointment of Messrs. Lovelock & Lewes, Chartered Accountants, Chennai, as auditors of the Company, to hold office from the conclusion of 52nd Annual General Meeting until the conclusion of the 53rd Annual General Meeting of the Company, on remuneration, terms & conditions.

4. Appointment of Mr. D G Rajan as a Director of the Company, liable to retire by rotation.

5. Appointment of Mr. K V Ramachandra as Managing Director of the Company for a period of five years with effect from October 23, 2006, on remuneration terms & conditions.

6. Re-appointment of Mr. In Do Hwang as Joint Managing Director of the Company for the period from July 30, 2007 to April 30, 2007, on remuneration terms & conditions.

7. Appointment of Mr. Jea Yel Kim as Wholetime Director of the Company for a period of five years with effect from May 01, 2007, on remuneration terms & conditions.

8. To Keep the Register of Members, Debenture Holders, Indexes, Returns and copies of certificates and other records and documents at the Head Office of the Company at No. 84, Murugesan Complex, Southern Block, Second Floor, Greams Road, Chennai instead of at the Registered Office of the Company at No. 4/111, Mount Poonamallee Road, Manapakkam, Chennai.

Source : www.indian-commodity.com