Tuesday, August 19, 2008

Stewarts & Lloyds : Outcome Of AGM - Aug 19 , 2008

Stewarts & Lloyds of India Ltd has informed that the members at the 70th Annual General Meeting (AGM) of the Company held on July 24, 2008, inter alia, have accorded to the following:

1. Adoption of the Report of the Board of Directors dated April 30, 2008 for the year ended March 31, 2008 and adoption of the Balance Sheet as on March 31, 2008, Profit and Loss Account for the year ended on that date and Cash Flow Statement together with the Auditors Report thereon dated April 30, 2008.

2. Declaration of Dividend @ 30% on the Equity Share Capital of the Company for the year ended March 31, 2008.

3. Re-appointment of Messrs. Price Waterhouse, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.

4. Appointment of Mr. Jayanta Bhuyan, Mr. R P Singh & Mr. Jatin Mavani as Directors of the Company.

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