Warren Tea - Outcome Of AGM

Warren Tea Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on September 19, 2007, inter alia, have accorded to the following:1. Adoption of the Profit and Loss Account for the year ended March 31, 2007, the Balance Sheet as at that date and the Reports of the Directors and the Auditors thereon.2. Re-appointment of Mr. A K Ruia & Dr. S Sarma as Directors of the Company.3. a. Re-appointment of Messrs. Price Waterhouse, Chartered Accountants, as Auditors of the Company to hold 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.b. Re-appointment of Messrs. B M Chatrath & Co., Chartered Accountants, as Branch Auditors of the Company to hold 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.4. Re-appointment & remuneration payable to Mr. V K Goenka as President and Managing Director of the Company for a period of three years from April 01, 2007, on terms & conditions.5. Accorded to contributions made and to be made by its Board of Directors in any financial year to charitable and other funds not directly relating to the business of the Company or the welfare of its employees in excess of Rupees fifty thousand or five per cent of its average net profits during the immediately preceding three financial years, whichever is greater, provided however, that the aggregate of all such contributions made in any financial year shall not exceed a sum of Rupees three lakhs, subject to necessary provisions & approvals.