Phoenix Mills - Outcome Of AGM

Phoenix Mills Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on November 05, 2007, inter alia, have accorded to the following:

1. Approval of the Audited Statement of Accounts for the year ended March 31, 2007 and Balance Sheet as on that date along with the Reports of Directors and Auditors thereon.

2. Declaration of Dividend on Equity Shares @ 30%.

3. Re-appointment of Shri Bharat Bajoria & Shri. Amitkumar Dabriwala, as Directors of the Company.

4. Appointment of M/s. A M Ghelani & Co. & M/s Chaturvedi & Shah, Chartered Accountants as Joint Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting.

5. Appointment of Smt Priti Khimji, Shri. Sivaramakrishnan Iyer, Shri Shribhanu Patki, Shri Anand Bajoria & Shri Amit Dalal as Directors of the Company.

6. Appointment of Shri Ashokkumar Ruia as the Chairman cum Managing Director of the Company for a period of three years w.e.f April 01, 2007, subject to terms & conditions.

6. Appointment of Shri. Atul A Ruin as the Joint Managing Director of the Company for a period of three years w.e.f April 01, 2007, subject to terms & conditions.

7. Appointment of Shri Pramod Rawool as a Whole Tine Director of the Company for a period of one year w.e.f November 01, 2007, subject to terms & conditions.