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| Exchange Disseminated Time | Lumax Auto Technologies Ltd has informed BSE that the members at the 29th Annual General Meeting (AGM) of the Company held on July 26, 2010, inter alia, have accorded to the following:
1. Received, considered and adopted the Audited Accounts for the year ended March 31, 2010 and Auditors' and Directors' Reports, thereon.
2. Declared final dividend at 30% i.e. Rs. 3/- per share of Rs. 10 each and confirmed payment of interim dividend of 10% i.e. Re. 1/- per share of Rs. 10/- each.
3. Re-appointed Mr. A V Alexander & Mr. Anmol Jain as Director of the Company.
4. Re-appointed M/s. D R Barve & Co., Chartered Accountants, Pune, as Statutory Auditors of the Company, for the Financial Year 2010-11.
5. Considered and approved the revised payment of Remuneration to Mrs. Usha Jain, Managing Director of the Company.
6. Considered and approved the further issue of Equity Shares on Preferential Basis under Section 81 (1A) of the Companies Act, 1956.
7. Approved the increase in limits of Borrowings Powers of the Board of Directors of the Company under Section 293 (1) (d) of the Companies Act, 1956.
8. Approved the increase in limits of Borrowings Powers of the Board of Directors of the Company under section 293 (1) (d) of the Companies Act, 1956. |
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