MMTC - Outcome Of AGM

MMTC Ltd has informed that the members at the 44th Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have accorded to the following:1. Adoption of the Audited Balance Sheet of the Company as on March 31, 2007 and the Profit & Loss A/c for the year ended on that date, together with Directors Report and the Auditors Reports thereon as also the Consolidated Accounts for the year ended March 31, 2007 and Auditors Report thereon.2. Declaration of a final dividend @ 25% i.e. Rs 2.50 per share absorbing Rs 12.50 crores (making with the interim dividend of 25% already paid to the shareholders on March 30, 2007 which is hereby confirmed, a total of 50% for the year) for the year ended March 31, 2007 on the equity shares of the Company.3. (i) Appointment of Shri. Sanjeev Batra as Chairman and Managing Director with effect from August 01, 2006 and Shri. Sunir Khurana as a Whole Time of Director (Marketing) with effect from May 07, 2007, Dr. S Behuria, AS & FA , Department of Commerce, MOC&I with effect from May 21, 2007 and Shri. R Gopalan, Additional Secretary, Department of Commerce, MOC&I as Part Time Director w.e.f. June 08, 2007, on the terms & conditions approved by the President of India from time to time be and are hereby ratified.10(ii) Shri. Adarsh R Goyal, Shri. A Mahapatra and Shri. H S Mann, Whole Time Directors retiring by rotation at this meeting and being eligible and having offered themselves for re-appointment, be and are hereby re-appointed as Whole Time Directors on the terms and conditions approved by the President of India from time to time.4. Authority to Board to fix remuneration, etc, payable to Statutory / Joint / Branch Auditors to be appointed by C&AG for the financial year 2007-08.