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| Exchange Disseminated Time | Clariant Chemicals (India) Ltd has informed BSE that the members at the 54th Annual General Meeting (AGM) of the Company held on April 26, 2011, inter alia, have accorded to the following:
1. Adoption of Audited Profit and Loss Account of the Company for the financial year January to December 2010 the Balance Sheet as at December 31, 2010 and the Auditors' Report and the Directors Report thereon.
2. Approved an Interim dividend of Rs. 10.00 (Rupees Ten) per equity share on 2,66,60,745 fully paid equity shares of face value of Rs. 10/- each for the year 2010.
- To pay a Final dividend of Rs. 20.00 (Rupees Twenty) per equity share on 2,66,60,745 fully paid equity shares of face value of Rs. 10/- each.
3. Re-appointment of Mr. B S Mehta as a Director of the Company subject to retire by rotation.
4. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Re-appointment of Mr. Alfred Muench as a Director of the Company liable to retire by rotation.
6. Increase the remuneration to Mr. Peter Palm, the Vice-Chairman & Managing Director of the Company with effect from September 01, 2010, on necessary terms & conditions.
7. Amendment in the Article 116 under the heading "sitting fees / Remuneration of Director" of the Articles of Association of the Company.
8. Approves the payment of sitting fees of Rs. 15000/- (Rupees Fifteen Thousand) or such sum not exceeding the limits prescribed by Rule 10B of the Rules as amended from time to time, to the directors for attending the meetings of the Board of Directors or the committees thereof. |
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