The 67th Annual General Meeting of the company was held on 22nd July 2005 at the Bengal Chamber of Commerce and Industry auditorium at 12 noon.

After cordially inviting the shareholders present at the AGM, the Chairman in his first address to the S&L's shareholders gave the introduction of Indian Oiltanking Limited (IOTL), the new promoter Company. He mentioned the idea of IOTL behind acquiring Stewarts

and Lloyds stake from Tata Steel, their future plans for growth and synergy between the two Companies. He also requested the shareholders to extend their continual support, as earlier, for the well being of the company.

Shareholders, in their turn, also expressed their views and their appreciations to the Chairman and the Management team of the Company for their excellent performance during the financial year 2004-05. They heartily welcomed the new Chairman and also thanked the Company for declairing increased dividend from 25% to 30%.

The meeting ended with vote of thanks to the Chair.