Monday, August 18, 2008

Divis Laboratories : Outcome Of AGM - Aug 18 , 2008

Divis Laboratories Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on August 16, 2008, inter alia, have passed the following resolutions:

1. Adopted the audited accounts for the year ended March 31, 2008.

2. Approval for payment of dividend at Rs 4 for each equity share.

3. Re-appointment of Mr. G Venkata Rao, Prof. C Ayyanna & Mr. Madhusudana Rao Divi, as Directors liable to retire by rotation.

4. Re-appointment of M/s. P V R K Nageswara Rao & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office till the conclusion of next AGM.

5. Revision of remuneration of Mr. Kiran S Divi, Director (Business Development).

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