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| Exchange Disseminated Time | Vishal Retail Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 26, 2009, inter alia, have accorded the following:
1. Adoption of the Audited Profit and Loss account for the year ended March 31, 2009 and the Balance Sheet as at that date together with the Report of the Board of Directors and the Auditors.
2. Mr. Rakesh Aggarwal who retired by rotation and being eligible offered himself for reappointment was appointed as the Director of the Company.
3. M/s. Haribhakti & Co., Chartered Accountants were reappointed as the Statutory Auditors of the Company and the power of fixation of remuneration was delegated to the Audit Committee of the Company to be decided later.
4. Resolution for appointment of Mrs. Seema Kukreja & Mr. Sandeep Kumar as Directors of the Company.
5. Resolution to further offer, issue and allotment of Equity shares of the Company on QIP basis upto an amount not exceeding Rs 250 Cr.
6. Resolution for payment of salary to Mr. Ram Chandra Agarwal & Mr. Surendra Kumar Agarwal, in the event of absence or inadequacy of profits.
8. Resolution for payment of salary to Mr. Surendra Kumar Agarwal, in the event of absence or inadequacy of profits. |
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