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| Exchange Disseminated Time | West Coast Paper Mills Ltd has informed BSE that the members at the 56th Annual General Meeting (AGM) of the Company held on July 30, 2011 inter alia, have accorded to the following:
1. Adoption of the Directors’ Report and the Audited Accounts of the Company for the year ended March 31, 2011, together with the Auditors’ Report thereof.
2. Noted, confirmed and decided to treat the Interim Dividend of Rs. 8.50 per Preference Share of face value of Rs. 100/- each for the year ended March 31, 2011 and paid on 65,00,000 Cumulative Redeemable Preference Shares of Rs. 100/- each as per the Resolution passed by the Board of Directors at their meeting held on May 24, 2011,as Final Dividend for the year ended March 31, 2011.
Also sanctioned the proposed Dividend payable @ Rs. 2/- (Rupee Two only) per Equity Share of Rs, 2/- each for the year ended on March 31, 2011.
3. Re-appointment Shri P. N. Kapadia, Shri R. N. Mody & Lt. Genl. (Retired) Utpal Bhattacharyya as Directors of the Company.
4. Appointment of Messrs. Batliboi & Purohit, Chartered Accountants, Mumbai, as the Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Re-appointment of Shri K. L. Chandak, as Executive Director of the Company, for a further period of three years with effect from December 01, 2010 on remuneration, terms & conditions.
6. Accorded consent for appointment of and payment of remuneration to Shri. S. K. Bangur as Chairman & Managing Director of the Company for a further period of five years with effect from May 01, 2011, with powers to the Board of Directors (which term shall be deemed to include any Committee thereof for the time being and from time to time, to which all or any of the powers hereby conferred on the Board by this resolution may have been delegated by the Board) to alter, amend, vary and modify the terms and conditions of the said appointment and remuneration payable from time to time as they deem fit in such manner as may be agreed upon by the Board of Directors and Shri S. K. Bangur within the limits prescribed under schedule XIII to the said Act or any statutory amendments(s) and/or modification(s) thereto.
7. Appointment of Shri M. P. Taparia as Director of the Company, liable to retire by rotation. |
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