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| Exchange Disseminated Time | GM Breweries Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on May 06, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Profit and Loss Account of the Company for the year ended March 31, 2010 and the Balance Sheet as at that date, Auditors' Report thereon and the Report of the Directors' produced at the Meeting.
2. Declaration of dividend for the financial year ended March 31, 2010 at the rate of 20% on 93,58,100 fully paid Equity Shares of Rs. 10/- each to be payable by the comp4ny as declared by the board of Directors in the board meeting held on April 06, 2010, for the year ended March 31, 2010.
3. Appointed Shri. John William Almeida, as a Director of the Company.
4. Appointed M/s V. P. Mehta & Co., Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on a remuneration to be mutually agreed by them with the board of Directors of the Company plus actual out of pocket and/or traveling expenses as may be incurred by them, in performance of their duties as such Statutory Auditors.
5. Appointment of Smt. Jyoti Jimmy Almeida as Whole Time Director, on the remuneration, terms & conditions.
6. Appointed Mr. Paresh N. Trivedi, as a director on the board, liable to retire by rotation.
7. Appointed Shri. Jimmy William Almeida, who is currently a Whole Time Director designated as "Vice Chairman and Managing Director", as the "Chairman and Managing Director" of the Company w.e.f. April 06, 2010.
8. Accorded consent to Shri. Vipul P. Mehta, Proprietor of M/s. V.P. Mehta & Co., Chartered Accountants, relative of Shri. Ashwin P. Mehta, a Director of the Company, to hold office from the conclusion of this Annual General Meeting as Auditors of the Company and/or for rendering any other professional services on such remuneration and on such terms as may be agreed by the Board of Directors. |
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