|
| Exchange Disseminated Time | Hercules Hoists Ltd has informed BSE that the members at the 44th Annual General Meeting (AGM) of the Company held on July 28, 2006, inter alia, have accorded to the following:
1. Adoption of the 44th Annual Report of the Directors along with its annexures, the Audited Statement of Financial Accounts for the year ended March 31, 2006, and the relative report of the Auditors.
2. Declaration of dividend at the rate of Rs 20.00 per Equity Share of the Company, for the year ended March 31, 2006.
3. Re-appointment of Shri Naresh Chandra & Shri K F Jhunjhunwala, as Directors of the Company.
4. Re-appointment of M/s M L Bhuwania & Co., Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this 44th Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Shri E B Desai & Shri Shailesh V Haribhakti, as Directors of the Company.
6. Authority to Board for the capitalisation of Rs 8,000,000 out of the free reserves of the Company as on March 31, 2006, for the issue of Bonus Shares and accordingly the aggregate of such sums be hereby set free for distribution among the eligible holders of the existing equity shares of Rs 10/- each, subject to the necessary provisions & approvals. |
|
|