Wednesday, April 23, 2008

Lanxess ABS - Outcome Of AGM

Lanxess ABS Ltd has informed that the members at the 35th Annual General Meeting (AGM) of the Company held on April 17, 2008, inter alia, have approved the following:

1. Approval of Audited Accounts for the year ended on December 31, 2007.

2. Payment of dividend @ 30% i.e. Rs 3.00/- per equity share for the year 2006 was approved.

3. Mr. Jal R Patel, Director, who was retiring by rotation and being eligible, offered himself for reappointment, has been re-appointed.

4. Resolution for reappointment of Dr. Hans J Kogelnik as rotational Director was dropped since he has resigned from the Board w.e.f. March 13, 2008.

5. Resolution for reappointment of Mr. Vishal Agrawal as rotational Director was dropped since he has resigned from the Board w.e.f. April 17, 2008.

6. M/s. Price Waterhouse, Chartered Accountants, Mumbai, has been appointed as Statutory Auditor of the Company for the year 2008.

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