Gitanjali Gems - Outcome Of AGM

Gitanjali Gems Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 20, 2007, inter alia, have passed the following resolutions:

1. Considered and approved the Audited Balance Sheet as at March 31, 2007, the Profit and Loss Accounts for the year ended as on that date together with Reports of the Board of Directors and Auditors thereon.

2. Declared and approved dividend @ 15% (Re 1 per share) on 60,552,545 Equity shares of Rs 10/- each.

3. Re-appointed Mr. S Krishnan, Mr. Prakash D Shah as directors of the Company, who has retired by rotation and being eligible offered themselves for re-appointment.

4. Re-appointed M/s. Ford, Rhodes, Parks & Co., Chartered Accountants, Mumbai as the Auditors of the Company, who shall hold the office upto the conclusion of the next Annual General Meeting of the Company.

5. Approved that the Registers and the Index of Members, Bond holders and copies of all annual returns prepared under section 159 of the Act, together with the copies of certificates and documents required to be annexed thereto under section 161 of the Act or any one or more of them be kept at the Corporate Office of the Company situated at Bandra (East), Mumbai and / or at the Central Share Department, M/s. Karvy Computershare Pvt Ltd, Banjara Hills, Hyderabad.