TIL - Outcome Of AGM

TIL Ltd has informed that the members at the 32nd Annual General Meeting (AGM) of the Company held on July 24, 2007, inter alia, have accorded to the following:

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

2. Declaration of Dividend for the year ended March 31, 2007 at the rate of 30% for the year ended March 31, 2007.

3. Re-appointment of Mr. A Mazumdar & Mr. R L Gaggar who retire by rotation , as Directors of the Company.

4. Appointment of Price Waterhouse, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on Remuneration ,terms and conditions.

5. Revision / variation in the terms of remuneration of Mr. A Mazumdar, Chairman & Wholetime Director of the Company on terms & conditions.

6. Revision / variation in the terms of remuneration of Mr. S Mazumder, Managing Director & CEO of the Company on terms & conditions.

7. Payment of commission to the Directors of the Company (other than the Managing Director and Whole Time Directors but including Nominee Director, if any) for a period of five years commencing from April 01, 2007

Source : www.indian-commodity.com