Ansal Properties & Infrastructure

Ansal Properties & Infrastructure Ltd has informed that the members at the 40th Annual General Meeting (AGM) of the Company held on September 22, 2007, inter alia, have accorded to the following:

1. Annual Accounts for the year ended March 31, 20O7 together with the consolidated Financial Statement of the Company have been adopted.

2. Confirmed the Interim Dividend @ 15% already declared & paid and declared final dividend @ 10% on the Paid-up Equity Shares Capital.

3. Re-appointed Shri. D N Davar, Shri. Rahul C Kirloskar & Shri. P R Khanna, as Directors, liable to retire by rotation.

4. Re-appointed M/s. Khanna & Annadhanam, Chartered Accountants, as Statutory Auditors of the Company.

5. Approved and gave authorization for Issue of securities on public issue / rights / qualified institutions placement basis / any other basis up to Rs 5000 crores.

6. Approved and gave authorization for increasing the limit of 24% for holding by registered FII through Portfolio Investment Scheme up to Sectoral Cap / Statutory ceilings.

7. Approved the increase in the Authorised Share Capital of the Company from Rs 110 crores to Rs 150 crores.

8. Approved and authorized Board for creation of charge etc. in terms of Section 293{1}{a} of the Companies Act, 1956, for borrowing upto enhanced limit of Rs 3000 Crores.

9. Approved and authorised Board for borrowing in terms of Section 293(1)(d) of the Companies Act, 1956 upto enhanced limit of Rs 3000 crores.

10. Approved the increase in remuneration of Mr. Anil Kumar, Whole Time Director & CEO and revised his grade.