Orchid Chemicals - Outcome Of AGM

Orchid Chemicals & Pharmaceuticals Ltd has informed that the members at the 15th Annual General Meeting (AGM) of the Company held on July 19, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Accounts of the Company for the financial year ended March 31, 2007, the Balance Sheet as at that date and the Reports of the Directors and Auditors for the financial year ended March 31, 2007.

2. Declaration of payment of dividend of 30% i.e. Rs 3 per share, on equity shares of Rs 10/- each.

3. Re-appointment of Dr. Anzaghi Piergiorgio & Dr. M R Girinath, as Directors of the Company.

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

5. Appointment of Shri. Anil Thadani as a Director of the Company, liable to retire by rotation.

6. Re-appointment of Shri. K Raghavendra Rao as Managing Director of the Company to hold office for a period of 5 years with effect from July 01, 2007, on remuneration, terms & conditions.

7. Revision in remuneration of Dr. C Bhaktavatsala Rao, Deputy Managing Director, with effect from April 01, 2007.

8. Alteration in the Articles of Association of the Company by inserting the following new Article No. 75A after the existing Article No. 75.