|
| Exchange Disseminated Time | Kalyani Forge Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 12, 2006, inter alia, have accorded to the following:
1. Adoption of Balance Sheet as at March 31, 2006, and Profit & Loss Account for the year ended on that date and the Directors Report & Auditors Report thereon.
2. Payment of dividend at the rate of Rs 2.20 per share on equity shares of the company for the year ended March 31, 2006.
3. Re-appointment of Mr Umesh R Lahoti & Mr D C Agashe as Directors of the Company.
4. Re-appointment of M/s Dalal & Shah, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & condition.
5. Payment & distribution of a commission on the net profit of the company calculated in accordance with the provisions of sections 198, 349 & 351 of the Companies Act, 1956, amongst the Non-executive Directors of the company or any one or more of the them in such proportion and in such manner and in all respects as may be decided by the Board of Directors from time to time, for five financial years commencing from April 01, 2006. |
|
|