GSB Finance - Outcome Of AGM

GSB Finance Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit & Loss account and cash flow statement for the year ended on March 31, 2007 together with the Directors Report arid Auditors Report thereon.

2. Declaration and payment of a dividend at the rate of 5% for the year ended March 31, 2007.

3. Re-appointment of Shri. Parasram Kabra as Director of the Company.

4. Re-appointment of M/s. S K Rathi & Co. Chartered Accountants, Mumbai, as Auditors of the Company to hold the office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.