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| Exchange Disseminated Time | Honda Siel Power Products Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on July 26, 2007, inter alia, have approved the following businesses:
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and Profit & Loss Account of the Company and the reports of Board of Directors and Auditors thereon for the year ended on that date.
2. Declaration of dividend @ Rs 4.00 (i.e. 40%) per equity share of Rs 10/- each for the financial year 2006-07.
3. Re—appointment of Mr. S Shriram, Mr. M Takedagawa & Mr. S Mizusawa, as Directors of the Company, liable to retire by rotation.
4. Appointment of M/s. BSR & Co., Chartered Accountants, As Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of next AGM, at a remuneration to be decided by the Board of Directors.
5. Appointment & Remuneration of Mr. Joji Kobayashi as a Director, President & CEO of the Company.
6. Appointment & Remuneration of Mr. R S Bidesi as a Vice-President & Whole-Time Director of the Company.
7. Increase in the remuneration of Mr. Y Watanabe, Vice President & Director of the Company. |
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