Ruchira Papers - Outcome Of AGM

Ruchira Papers Ltd has informed that the members at the 27th Annual General Meeting (AGM) of the Company held on August 31, 2007, inter alia, have accorded to the following:

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

2. Re-appointment of Mr. Surinder Gupta as Director of the Company, liable to retire by rotation.

3. Appointment of M/s. I Chander Goel & Co., Chartered Accountants, as the Auditors of the Company, on remuneration, for the purpose of audit of the Companys accounts, to hold as such from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company.

4. Revised remuneration to Mr. Subhash Chander Garg, Whole Time Director of the Company on terms and conditions as contained in the Notice of the AGM.

5. Revised remuneration to Mr. Umesh Chander Garg, Managing Director of the Company on terms and conditions as contained in the Notice of the AGM.

6. Revised remuneration to Mr. Jatinder Singh, Whole Time Director of the Company on terms and conditions as contained in the Notice of the AGM.

7. Re-appointment of Mr. Jaleshwar Narain Singh as Executive Director of the Company for a period of two years with effect from February 12, 2007 to February 11, 2009 on terms and conditions as contained in the Notice of the AGM.