Titagarh Wagons - Outcome of AGM

Titagarh Wagons Ltd has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on September 14, 2009 inter alia, have accorded to the following:

1. Balance Sheet as at March 31, 2009 and Profit & Loss Account & Cash Flow Statement for the Financial Year ended that date together with the Reports of Directors & Auditors thereon were adopted by the members.

2. Dividend of Rs 5/- per share was declared.

3. Shri D N Davar & Shri Anoop Seth Directors retiring by rotation were reappointed as Directors.

4. Messrs S R Batliboi & Co, Chartered Accountants were reappointed as Statutory Auditors to hold the office until the conclusion of the next Annual General Meeting.

S. Shri N K Mittal has been appointed as a Director of the Company.

6. The appointment of Shri Subrata Paul, Director (HEMM) has been duly ratified by the members.

7. The appointments of Smt Vinita Bajoria & Shri Saket Kandoi as Vice President (Commercial) & Senior Executive of the Company respectively were duly approved by the members.

8. Approval of the members have been sought for Setting up an Axle Machining and Wheel set assembling facility at the Uttarpara Unit at the estimated project cost of Rs 1293.30 Lakhs.

9. Consent of the members have been sought for increase in the Borrowing Limit of the Company to Rs 300 crores.