Alchemist Members Approve Increase In Authorized Equity Share Capital

Alchemist Ltd has informed that the members at the 17th Annual General Meeting (AGM) of the Company held on December 30, 2006, inter alia, have accorded to the following:

1. Adoption of Audited Balance sheet of the Company as at June 30, 2006 and the Profit & Loss Account for the year ended on that date together with the report of Auditors and Directors thereon.

2. Confirmation of payment of interim dividend @ 50% i.e. Rs 0.50 per equity share of the face value of Rs 1/- each to the shareholders of the Company.

3. Re-appointment of Major Gurjeet Singh (Retd) & Mr R P Chhabra as directors of the Company, liable to retire by rotation.

4. Appointment of Statutory Auditors of the Company.



5. Appointment of Lt Gen P N Hoon (Retd) as director of the Company liable to retire by rotation.

6. Increase in authorized equity share capital of the Company.

7. Bonus shares in the ratio of 1:1 e.g., one Bonus Share for every one equity share held on record date to be declared by the Board.