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| Exchange Disseminated Time | Salora International Ltd has informed BSE that the members at the 41st Annual General Meeting (AGM) of the Company held on July 21, 2010, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2010 and Profit & Loss Account for the year ended on that date together with Directors' Report and Auditors' Report thereon.
2. Re-appointed Shri Sanjeev Kaul Duggal & Shri Patanjali Govind Keswani as Directors of the Company liable to retire by rotation.
3. Re-appointed retiring Auditors M/s. K. Prasad & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of next Annual General Meeting of the Company at a remuneration to be fixed by the Board of Directors or Audit Committee.
4. Re-appointed Shri Gopal Sitaram Jiwarajka as Managing Director of the Company for a period of 3 years w.e.f. July 01, 2010 on the remuneration, terms & conditions, subject to necessary provisions and approvals.
5. Appointment of Shri Ayush Jiwarajka in the Company as an Executive of the Company with such designation as the Board may deem fit at a monthly remuneration not exceeding Rs. 50000/- (Rupees Fifty Thousand Only), subject to necessary provisions and approvals. |
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