Ruchi Soya Industries Member Approve Declaration Of Dividend

Ruchi Soya Industries Ltd has informed that the members at the 20th Annual General Meeting (AGM) of the Company held on December 28, 2006, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2006 and the Profit & Loss Account for the year ended March 31, 2006 together with the reports of the Directors and Auditors thereon.

2. Declaration of dividend on Preference & Equity Shares.

3. Re-appointment of Mr P D Nagar & Mr A B Rao as Directors of the Company.

4. Appointment of Auditors to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting on remuneration, terms and conditions.

5. Appointment of Mr Sajeve Deora & Mr Ramesh Mishra, as Directors of the Company, liable to retire by rotation.

6. Amendments in the existing Article 150 of the Articles of Association of the Company.

7. Increase in the salary payable to Mr S P Joshi, Director (Import and Export) & Mr A B Rao, Director (Legal) with effect from April 01, 2006 for the remainder of the tenure of their term, subject to necessary provisions and approvals.

8. Re-appointment of Mr Dinesh Shahra, as Managing Director with effect from January 07, 2006 for a period of 5 years on terms and conditions, subject to necessary provisions and approvals.

9. Promotion of Ms Amrita Shahra as Head (Business Development) and increase in her remuneration with effect from April 01, 2006 or from the date as may be approved by the Central Government, upon terms and conditions, subject to necessary provisions and approvals.

10. Appointment of Mr Sarvesh Shahra as Head (Food Division) of the Company with effect from January 01, 2007 or from the date as may be approved by the Central Government, upon terms and conditions, subject to necessary provisions and approvals.

11. Payment of remuneration by way of commission to Mr Kailash Shahra, Chairman of the Company, subject to necessary provisions and approvals.