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| Exchange Disseminated Time | Honda Siel Power Products Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 07, 2009, inter alia, have also accorded to the following:
1. Revising the Special Allowance of Mr. J Kobayashi, President & CEO of the Company, effective November 01, 2008 and payment of Provident fund as per Company Policy.
2. Revising the Special Allowance of Mr. Y. Watanabe, Vice-President & Whole-Time Director of the Company, effective November 01, 2008 and payment of Provident fund as per Company Policy.
3. Re-appointment and remuneration of Mr. R S Bidesi as Vice-President & Whole-Time Director of the Company effective April 01, 2009 till March 31, 2010 on the same remuneration and terms and conditions as were approved in the Annual General Meeting of the Company held on September 10, 2008.
4. To amend / alter the existing Articles of Association of the Company in the following manner:
In the existing Article 2 of the Articles of Association, the definition of "Siel" be substituted as under:
"Siel" means Siel Holdings Limited (SRL) or any successor of SHL that may be created through mergers/demergers etc." |
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