Bihar Caustic - Outcome Of AGM

Bihar Caustic & Chemicals Ltd has informed that the members at the 31st Annual General Meeting (AGM) of the Company held on August 11, 2007, inter alia, have accorded the following:

1. Adoption of the Audited Balance Sheet of the Company as on March 31, 2007 and the Profit & Loss account for the year ended on that date together with the Directors and the Auditors Reports thereon.

2. Declaration of Dividend @ 15% on the paid-up equity share capital of the Company for the year ended March 31, 2007.

3. Re-appointment of Shri. Biswajit Chaudhuri & Shri. P P Sharma, as Directors of the Company.

4. Re-appointment of M/s. M L Sharma & Co., Chartered Accountants, Mumbai as the Statutory Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.

5. Appointment of Shri. Jagdish Chandar Chopra as a Director of the Company, liable to retire by rotation.

6. Appointment of Shri. S S Gupta as a Director of the Company.

7. Appointment of Shri. S S Gupta, as Managing Director of the Company for a period of 3 years effective from October 24, 2006, on remuneration, terms & conditions.