Asian Tea - Outcome of AGM

Asian Tea & Exports Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded to the following:

1. Adoption of the Profit & Loss Account for the year ended March 31, 2007, the Balance Sheet as at that date and the Reports of the Directors & Auditors.

2. Re-appointment of Shri. A K Sengupta, as Director of the Company.

3. Appointment of M/s. Agarwal Kejriwal & Co., Chartered Accountants, as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

4. Appointment of Shri. Sunil Garg, as Whole Time Director of the Company for a period of 5 year effective from December 11, 2006, on remuneration, terms & conditions.

5. Appointment of Shri. Bijoy Chandra Ghosh, as Director of the Company, liable to retire by rotation.

6. There was no proposer and seconder to the resolution of removal of Mr. Hari Ram Garg, Chairman-cum-Managing Director from the place of Directors. The resolution was declared to be dropped for consideration.