Thursday, January 3, 2008

Assam Petrochemicals - Outcome Of AGM

Assam Petrochemicals Ltd has informed that the members at the 36th Annual General Meeting (AGM) of the Company held on December 28, 2007, inter alia, have accorded the following:

1. Adoption of the audited Profit & Loss Account of the Company for the year ended March 31, 2007 and the Balance Sheet as at that date together with the Directors Report, the Statutory Auditors Report and the comments of the Comptroller & Auditor General thereon.

2. Declaration of final dividend @ 10% on equity shares for the financial year 2006-07.

3. Re-appointment of Shri. Rameswar Dhanowar & Dr. M N Borgohain, as Directors of the Company, liable to retire by rotation.

4. Appointment of M/s. U C Mazumdar & Co., Chartered Accountants as Statutory Auditors of the Company for the financial year 2006-2007, on remuneration, terms & conditions.

5. Payment of remuneration to Shri. Rameswar Dhanowar, Chairman and thereby holding office or place of profit in the Company w.e.f. June 21, 2007 till the date of his holding office as Chairman of the Company, on terms & conditions.

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