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| Exchange Disseminated Time | VST Industries Ltd has informed BSE that the members at the 79th Annual General Meeting (AGM) of the Company held on July 16, 2010, inter alia, have accorded to the following:
1. Adoption of the Report of the Directors to the shareholders for the year ended March 31, 2010, Balance Sheet as at March 31, 2010 and Profit & Loss Account for the year ended on that date & the Report of the Auditors thereon.
2. Declaration of dividend of Rs. 30 per share (300%) for the financial year ended March 31, 2010.
3. Appointment of Mr. Abhijit Basu & Mr. R V K M Suryarau as Directors of the Company.
4. Appointment of Messrs. Lovelock & Lewes, Chartered Accountants, as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Mr. Peter G Henriques as a Director of the Company whose period of office shall be liable to determination by retirement of Directors by rotation.
6. Revision in the remuneration paid or payable to Mr. Raymond S Noronha, Managing Director with effect from October 01, 2001, on necessary terms & conditions.
7. Revision in the remuneration paid or payable to Mr. N Sai Sarkat, Deputy Managing Director with effect from October 01, 2009, on necessary terms & conditions.
8. Re-appointment of Mr. N Sai Sarkar as Deputy Managing Director & Secretary of the Company for a period of five years from January 01, 2011 to December 31, 2015, on remuneration, terms & conditions. |
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