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| Exchange Disseminated Time | Kanani Industries Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on August 02, 2010, inter alia, have passed the following resolutions:
1. Adoption and Approval of the Audited Annual Accounts for financial year 2009-10.
2. Declaration of Final dividend @ 5% i.e. Re. 0.25 per equity shares of Rs. 5/- each for the financial year 2009-10.
3. Re-appointment of Mr. Shailesh Patel & Mr. Gautam Parekh as Directors of the Company.
4. Appointment of M/s. Ravi & Dev, Chartered Accountants, as Statutory Auditors of the Company.
5. Approval of an Ordinary Resolution for revision in the remuneration package of Mr. Premji Kanani in the capacity as the Chairman of the Company.
6. Approval of an Ordinary Resolution for revision in the remuneration package of Mr. Harshil Kanani in the capacity as the Managing Director of the Company.
7. Approval of the Special Resolution regarding making investments and providing loans, giving securities, guarantee in excess of the 60% of the paid up share capital and free reserves of the Company. |
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