Industrial & Prudential - Outcome Of AGM

ndustrial & Prudential Investment Company Ltd has informed that the members at the 91st Annual General Meeting (AGM) of the Company held on June 29, 2007, inter alia, have accorded to the following:

1. Adoption of the Boards Report, the Audited Balance Sheet and the Profit and Loss Account of the Company for the year ended March 31, 2007 and the Auditors Report thereon.

2. Declaration of dividend for the year ended March 31, 20067 at the rate of 120% i.e. Rs 12.00 per share on equity shares of Rs 10.00 each.

3. Re-appointment of Mr. V C Vaidya & Mr. A V Satalvad, as Directors of the Company.

4. Appointment of Messrs. N M Raiji & Co., Chartered Accounts, as Auditors of the Company to hold office up to the conclusion of this meeting until the conclusion of the next annual general meeting of the Company, on remuneration, terms and conditions.

5. To keep the Registers and Indexes of Members, Registers and Indexes of Debenture holders and copies of all Annual Returns prepared under sections 159 and 160 together with the copies of certificates and documents and such other relevant documents at the Registered Office of the Company and / or at Intime Spectrum Registry Ltd, Mumbai, being the Companys Registrar and Transfer Agents appointed in accordance with SEBI (Registrars to an Issue and Share Transfer Agent) Rules, 1993.