Sukhjit Starch - Outcome Of AGM

Sukhjit Starch & Chemicals Ltd has informed that the members at the 63rd Annual General Meeting (AGM) of the Company held on September 12, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet, Profit & Loss Account for the year ended March 31, 2007 and the Directors & Auditors Report thereon.
2. Declaration of Dividend on Equity shares for the year ended March 31, 2007 @ 40%.
3. Re-appointment of Shri. A K Sardana & Shri. Naresh Sardana who retires by rotation and being eligible offered themselves as ordinary Directors (Non-Executive Directors).
4. Re-appointment of M/s. Y K Sud & Co., Chartered Accounts, Jalandhar City as Auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Increase / revise the salary of Shri. Bhavdeep Sardana, Vice President (Operations), for the time being of Nizamabad Unit of the Company, on terms & conditions.
6. Increase / revise the salary of Shri. Dhiraj Sardana, Vice President (Operations), for the time being of Malad Unit of the Company, on terms & conditions.
7. Granted to continue the payment of Commission to the Non Executive / independent Directors of the Company on the net profit of the Company computed under section 349/350 of the Companies Act, 1956, on terms & conditions.