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| Exchange Disseminated Time | Bannari Amman Spinning Mills Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on September 20, 2010, inter alia, have accorded the following:
1. Adoption of Audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended March 31, 2010 together with the Report of the Director' and Auditors' thereon.
2. Declaration of dividend at Re. 1.50/- per Equity Share of Rs. 10/- each (i.e. 15% of the Equity Capital) in respect of capital paid up on March 31, 2010.
3. Re-appointment of Sri. K N V Ramani, Sri. S Palaniswami & Dr. K R Thillamathan as Directors of the Company.
4. Re-appointment of M/s. P. N. Raghavendra Rao & Co. Chartered Accountants, Coimbatore, as Auditors of the Company to hold the office from the conclusion of this meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Appointment & payment of remuneration to Sri. S V Arumugam, Managing Director with effect from June 27, 2010 for a further period of 5 years, on necessary terms & conditions.
6. Appointment & payment of remuneration to Sri. S K Sundararaman, Executive Director with effect from June 27, 2010 for a further period of 5 years, on necessary terms & conditions. |
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