ABG Shipyard - Outcome of AGM

ABG Shipyard Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded to the following:

1. Approval of the Directors' Report and the Profit & Loss Account and the Balance Sheet for the year ended on March 31, 2009.

2. Payment of Dividend @ Rs. 2.00 per equity share of Rs. 10/ each.

3. Re-appointment of Shri. Ashok Chitnis & Mr. Shahzaad Dalal as Directors.

4. Appointment of M/s. Nisar & Kumar, Chartered Accountants, as Auditors of the Company.

5. Authorising the Board of Directors in terms of Section 293(1)(a) and 293(1)(d) of the Companies Act, 1956 to borrow money and to create security on the assets of the Company upto a limit of Rs. 12000 Crores.