PNB Gilts - Outcome Of AGM

PNB Gilts Ltd has informed that the members at the 11th Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded to the following:

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

2. Re-appointment of Dr. O P Chawla, Sh. R S Lodha & Sh. Arun Kaul as Directors of the Company.

3. Authority to the Board of Directors of the Company to fix the remuneration of Auditors, M/s. Bansal R Kumar & Associates, appointed by the Comptroller and Auditor General of India for the financial year 2007-08.

4. Appointment of Dr. K C Chakrabarty, Sh. A S Agarwal & Sh. D K Singla, as Directors of the Company, liable to retire by rotation.