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| Exchange Disseminated Time | Lakshmi Precision Screws Ltd has informed BSE that the members at the 42nd Annual General Meeting (AGM) of the Company held on September 29, 2011, inter alia, have accorded to the following:
1. Approved the audited Balance Sheet as at March 31, 2011, Profit & Loss Account for the year ended on that date along with the Reports of the Board of Directors and Auditors thereon.
2. Declared a dividend Rs. 1.50 per share (@ 15%) on Equity Shares for the financial year ended on March 31, 2011.
3. Re-appointed Mr. Ajay Kumar Chakraborty, retiring Director of Company.
4. Re-appointed Mr. Keshwa Nand Rattan, retiring Director of Company.
5. Re-appointed M/s. V. R. Bansal & Associates, Chartered Accountants Noida retiring auditors as Statutory Auditors of the Company.
6. Authorized to borrow under Section 293(1)(d).
7. Approved revision in the remuneration package of Mr. Lalit Kumar Jain as Chairman and Managing Director of the Company.
8. Approved revision in the remuneration package of Mr. Dinesh Kumar Jain as Vice Chairman Managing Director of the Company.
9. Approved revision in the remuneration package of Mr. Vijay Kumar Jain as Joint Managing Director of the Company.
10. Approved amendment in Clause V of Memorandum of Association for increase in Authorized Share Capital.
11. Approved amendment in Clause 5 of Articles of Association for increase in Authorized Share Capital. |
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