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| Exchange Disseminated Time | Phillips Carbon Black Ltd has informed BSE that the members at the 29th Annual General Meeting (AGM) of the Company held on July 29, 2011, inter alia, have passed the following:
1. Adopted the profit and loss account for the year ended March 31, 2011, the Balance Sheet as at that date and Reports of the Directors and Auditors.
2. Dividend of 50% declared for the year ended March 31, 2011.
3. Mr. O P Malhotra and Dr. Ram S Tarneja , Directors who were to retire by rotation at the Annual General Meeting held on July 29, 2011 have been re-appointed as Directors of the Company.
4. M/s. Price Waterhouse, the retiring Auditors of the Company have been re-appointed as Auditors of the Company to hold office from the conclusion of the said Annual general Meeting till conclusion of the next Annual General Meeting, on such remuneration as may be mutually agreed between the Board of Directors and the said Auditors.
5. Mr. Pradip Roy was appointed as a Director of the Company.
6. Enhancement of borrowing limits, approved under the provisions of Section 293(1)(d) of the Companies Act, 1956 from Rs. 700 crores to Rs. 1000 crores.
7. Approved commencement of carbo - chemical business as stated in sub - clause (1b)(i) of Clause 3 of Memorandum of Association of the Company. |
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