Shaily Engineering - Outcome Of AGM

Shaily Engineering Plastics Ltd has informed that the shareholders at the 27th Annual General Meeting (AGM) of the Company held on August 18, 2007, inter alia, have transacted the following:

1. Approval of Directors report, Balance Sheet as at March 31, 2007, the Profit and loss account for the year ended on that day along with schedules and notes appended thereto and the report of Statutory auditors of the Company for the year ended on March 31, 2007.

2. Declared the final dividend the rate of 10% on the paid up share capital of the Company.

3. Re-appointed Mr. A S Anand Kumar and Bharat Sanghvi as Director of the Company, who retired by rotation and offered themselves for re-appointment.

4. Re-appointed M/s. Shah Sanghvi & Co. Chartered Accountants as Statutory Auditor of the Company.

5. Regularised the appointment of Mr. William Sean Sovak as Director of the Company, whose office shall be liable to retire by rotation.