|
| Exchange Disseminated Time | Apcotex Industries Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on July 30, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit and Loss Account for the year ended on the said date and the Reports of the Auditors & Directors thereon.
2. Declaration of a Dividend for the year ended March 31, 2011 @ Rs 7.00 per Equity Share of Rs 10/- (@ 70%).
3. Re-appointment of Mr. TNV Ayyar & Girish Choksey, as Directors of the Company.
4. Appointment of M/s. Shah & Co., Chartered Accountants, as Auditors of the Company to hold office till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & Conditions.
5. Authority to Board for borrowing from time to time, such sums of monies as they may deem requisite for the purposes of business of the Company, (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) notwithstanding that such borrowings may exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount upto which the monies may be borrowed by the Board of Directors shall not exceed the sum of Rs 120 crores (Rupees One Hundred Twenty Crores), subject to necessary provisions and approvals. |
|
|