DIVIDENDS During the period under review the directors are unable to recommend any dividend on the equity shares of the company.
Fixed Deposit During the year under review the company has not accepted any deposit.
Directors Mr. Anwar Daud and D.K. Bellani directors, retire by rotation under article 103 of the articles of association of the company and being eligible, offer him for reappointment
Industrial Relation Industrial relation continues to be cordial. Your directors express deep appreciation for the dedicated services rendered by workers, staff officers of the company.
Auditors The Company's auditors M/s Ali Hatim S. Husain, Chartered Accountants, retire at this Annual General Meeting and being eligible offer themselves for reappointment. The notes to the accounts referred to in the Auditor's Report are self-explanatory and, therefore do not call for any further comments.
Subsidiaries As of 31st March, 2009, the Company had one Subsidiary viz. Zim Laboratories Limited Statement pursuant to section 212 of the Companies Act, 1956, related to Subsidiary Company attached separately.
Particulars of employees None of the employee is in receipt of remuneration in excess of the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars if Employees) Rules, 1975.