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| Exchange Disseminated Time | Prism Cement Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on June 22, 2010, inter alia, have accorded to the following:
1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2010 & the Balance Sheet of the Company as at that date, together with the Directors & Auditors Reports thereon.
2. Declaration of Final dividend of Rs 2.50 per equity share of Rs 10/- each fully paid-up, aggregating to Rs. 123.23 crore, together with distribution tax of Rs. 17.90 crores, for the year ended March 31, 2010.
3. Appointment of Mr. Rajan B Raheja & Mr. Satish B. Raheja, as Directors of the Company.
4. Re-appointment of Messrs. N M Raiji & Co., as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of M/s. Borkar & Muzumdar as Branch Auditors of the Company, to audit the Accounts in respect of the Company’s H & R Johnson (India) and RMC Readymix (India) Divisions, to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
6. Appointment of Mr. James Arthur Brooks, Mr. Vijay Aggarwal, Mr. Ganesh Kaskar & Ms. Ameeta A Parpia as Directors of the Company, liable to retire by rotation.
7. Authority to the Board for the payment of remuneration by way of commission of upto one per cent of the net profits of the Company computed in the manner referred to in Sections 198, 309 and all other applicable provisions of the Act, provided that such commission in any financial year shall not exceed Rs. 25 lakhs (Rupees Twenty-five lakhs only) per annum (subject to deduction of applicable taxes) to Mr. James Arthur Brooks, in addition to the sitting fees for attending the meetings of the Board of Directors or any Committee thereof; with effect from April 1, 2010. |
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