Sangam India Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded to the following: 1. Adoption of the audited balance sheet as at March 31, 2007 and Profit & Loss Account for the year ended on that date a Directors and Auditors thereon.
2. The dividend @ 10% on 3,94,21,559 Equity Shares and @ 10% (pro-rata basis) on 1,17,77,500 Preference Shares of the Company.
3. The re—appointment of Shri. A Karati and Shri. Ram Avatar Jaju, Directors of the Company who were retiring at the AGM.
4. The re-appointment of M/s. R L Kabra & Co. and B L Chordia & Co., Chartered Accountants as Joint Auditors of the Company.
5. Appointment of Shri. V K Sodani, as Whole-time Director designated as Executive Director for a period of 5 years.
6. Further issue of securities unto Rs 100 Crores.
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