Stone India Ltd has informed BSE that the members at the 77th Annual General Meeting (AGM) of the Company held on February 27, 2008, inter alia, have accorded the following:

1. Re-appointment of Mr. S Gupta & Mr. I Sen as Director of the Company, liable to retire by rotation.

2. Re-appointment of Messers. Lodha & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on such remunerations, terms & conditions.

3. Increase in the remuneration payable to Mr. A Mondal as a Managing Director & CEO of the Company for the period of October 01, 207 till the expiry of his present tenure of office, namely, upto September 30, 2009, on terms & conditions.

4. Authorized on behalf of the Company to grant Options to a single employee upto 1% of the issued, subscribed arid paid-up Equity Shares of the Company; all other terms & condition of the ESOP Scheme approved by the shareholders at the abovementioned Seventy-sixth Annual General Meeting of the Company remaining unchanged.

5. For restructuring the business of the Company to lease / sale or otherwise dispose of any assets of the Company which may include immovable and / or movable properties or any of the undertakings of the Company, on such terms and conditions and at such time or times, in such forms and in such manner as the Board in its absolute discretion consider necessary or deem fit in the best interest of the Company and to take all steps and do such things as may be consider necessary or deem fit in the best interest of the Company and to take all steps and do such things as may be considered necessary or expedient thereto, subject to necessary provisions & approvals.

6. The Seventy-seventh Annual General Meeting of the Company be adjourned to such date, time and venue as may be decided by the Board of Directors of the Company and notified to the Members in due course to receive and consider the Profit & Loss Account for the financial year ended March 31, 2007; and the Balance Sheet as at that date, together with Reports of the Directors and Auditors thereon.