Saurashtra Cement - Outcome of AGM

Saurashtra Cement Ltd has informed that the members at the 50th Annual General Meeting (AGM) of the Company held on December 21, 2007, inter alia, have accorded the following:

1. Adoption of the Audited Profit & Loss Account for the year ended June 30, 2007 and Balance Sheet as on that date and Directors Report and the Auditors Report.

2. Re-appointment of Shri. D N Mehta, Mr. H D Mehta, Shri. K N Bhandari & Shri. Anish Modi as Directors of the Company.

3. Re-appointment of M/s. Bansi S Mehta & Co., Chartered Accountants, as Statutory Auditors of the Company for the financial year 2006-07.

4. Appointment of Shri. B P Deshmukh as a Director of the Company.

5. Re-appointment and remuneration of Shri. Jay M Mehta as Executive Vice Chairman of the Company.

6. Re-appointment and remuneration of Shri. M S Gilotra as Managing Director of the Company.

7. Re-appointment and remuneration of Shri. R K Poddar as Deputy Managing Director of the Company.