Automotive Axles - Outcome of AGM

• Security Code: 505010
• Company: AUTOAXLES

Automotive Axles Ltd has informed BSE that the members at 24th Annual General Meeting (AGM) of the Company held on January 18, 2006, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet of the Company as at September 30, 2005, and Profit & Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon.

2. Declaration of interim dividend of Rs 12.5 per share paid during the year, as final dividend for the year 2004-05.

3. Appointment of Mr. Blake G Palmer, Mr. C K Sabareeshan and Mr. Ashok Rao as Directors of the Company, liable to retire by rotation.

4. Appointment of M/s Deloitte Haskins and Sells (Chennai), Chartered Accountants, Bangalore, as Auditors of the Company, to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company.