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| Exchange Disseminated Time | Shivam Autotech Ltd has informed BSE that the members at the 4th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have approved the following:
1. Adopted the audited Balance Sheet as at March 31, 2009, the Profit & Loss Account for the year ended on that date together with the Directors’ Report and Auditors Report thereon.
2. Declared final dividend @ 15% for the financial year 2008-09.
3. Re-appointment Mr. Sunil Kant Munjal, as a Director retiring by rotation.
4. Re-appointment Mr. Vinayshil Gautam, as a Director retiring by rotation.
5. Re-appointment of Mr. Surrinder Lal Kapur, as a Director retiring by rotation,
6. Appointment M/s. S. S. Kothari Mehta & Co., Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM.
7. Appointment of Mr. Anil Kumar Gupta, as a Director of the company.
8. Increase in the remuneration of Mr. Neeraj Munjal as Managing Director with effect from April 01, 2009 for the remainder of his tenure as per the terms mentioned in the Notice of the 4th Annual General Meeting of the Company.
9. Payment of commission to non-executive independent directors for each year of the period of tour years commencing from April 01, 2009 as per the details mentioned in the Notice of the 4th Annual General Meeting of the Company. |
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