TVS Motor - Outcome Of AGM

TVS Motor Company Ltd has informed that the members at the 15th Annual General Meeting (AGM) of the Company held on August 17, 2007, inter alia, have accorded to the following:

1. Adoption of audited Balance Sheet as at March 31, 2007 & the Profit & Loss account of the Company for the year ended on that together with the Directors Report & Auditors Report thereon.

2. Approval of interim dividend of Re 0.70 per share declared by the Board on equity shares of Re 1/- each fully paid, absorbing Rs 16.63 crores out of the profits of the Company for the year ended March 31, 2007.

Declaration of final dividend of Re 0.15 per share on equity shares of Re 1/- each fully paid up absorbing a sum of Rs 3.56 crores for the year ended March 31, 2007.

3. Re-appointment of Mr. T Kannan & Mr. Gopal Srinivasan & Mr. T K Balaji as Directors of the Company.

4. Re-appointment of Messers. Sundaram & Srinivasan, Chartered Accountants, Chennai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.