KRBL - Outcome Of AGM

KRBL Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have accorded to the following:1. Adoption of Audited Balance Sheet of the Company as on March 31, 2007 and Profit & Loss Accounts for the year ended as on that date along with all the Schedules and Annexure and reports of the Auditors and Directors thereon.2. Declaration of dividend at the rate of 20 percent for the year ended March 31, 2007 on the equity shares of the Company.3. Re-appointment of Mr. N K Gupta, Mr. Ashok Chand & Mr. Priyanka Mittal as Directors of the Company, liable to retire by rotation.4. Appointment of M/s. Vinod Kumar Bindal & Co., Chartered Accountants, Delhi as Auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting of the Company on remuneration, terms & conditions.5. Appointment of Mr. Ashwin Dua & Mr. Shyam Arora as Directors of the Company, liable retire by rotation.6. Amendment in the object clause by inserting Clause 8 in the Main Object Clause by inserting Clause 8 in the Main Object Clause of Memorandum of Association of the Company after existing Clause 7 in the following manner:8. To enter into contracts in the nature of future, options, hedges, derivatives, insurance, re-insurance etc., with bankers, brokers, dealers, intermediaries, merchants, commission agents, Aarthias, in respect of agri products like paddy, rice, pulses, mustard seeds, etc., To sell, assign, pledge, hypothecate, redeem, cancel, dispose of, settle, and bring to account all or any of such transactions or contracts on redemption dates, anterior dates or extended dates.