Sterling Biotech Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on June 02, 2008, inter alia, have accorded the following:

1. Considered, approved and adopted the Audited Accounts of the Company for the year ended December 31, 2007.

2. Declared a dividend @ 50% (Re 0.50 per Equity Share of Re 1/- each) for the year ended December 31, 2007.

3. Re-appointed Mr. C J Sandesara and Mr. N B Patel as Directors of the Company.

4. Re-appointed M/s. H S Hathi & Co., Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & conditions as may be decided by the Board.