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| Exchange Disseminated Time | Archies Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 25, 2007, inter alia, have accorded to the following:
1. Adoption of the audited balance as at March 31, 2007, the profit and Loss Account and Cash flow Statement for the year ended on that date together with Auditors Report and Directors Report thereon.
2. Re-appointment of Mr. Sunil Behl, Mr. Rohinton H Kanga and Mr. Ajit Ganpatlal Shah as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. Uberoi Sood And Kapoor, Chartered Accountants as a Statutory Auditors of the Company.
4. Appointment of Mr. Promod Arora as Joint Managing Director for two years w.e.f. October 01, 2007.
5. Increase the Borrowing power of the Company upto Rs 100 Crores.
6. Increase the remuneration of Mr. Karan Moolchandani son of Mr. Anil Moolchandani the Chairman. |
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