Suraj Stainless - Outcome Of AGM

Suraj Stainless Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on August 13, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Profit & Loss Account for the year ended on March 31, 2007, Balance Sheet as on that date, the Directors Report and the Auditors Report thereon.

2. Re-appointment of Mr. Ashok T Shah & Mr. Gunvant T Shah as Directors of the Company.

3. Declaration of 15% dividend on the Paid-up Equity Share Capital of the Company.

4. Re-appointment of M/s. Pankaj K Shah Associates, Chartered Accountants, Ahmedabad, as Auditors of the Company to hold the office from the conclusion of this Meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.

5. Appointment of Shri. Nimesh M Shah & Shri. Bipin K Prajapati as Directors of the Company, liable to retire by rotation.

6. Approved the re-appointment of and the remuneration payable to Shri. Kunal T Shah as Managing Director of the Company for a period of 5 years with effect from October 01, 2006, on terms and conditions.

7. Approved the appointment of and the remuneration payable to Shri. Bipin K Prajapati as Whole time Director of the Company for a period of 5 years with effect from February 01, 2007, on terms and conditions.