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| Exchange Disseminated Time | Gujarat State Fertilizers & Chemicals Ltd has informed BSE that the members at the 49th Annual General Meeting (AGM) of the Company held on September 17, 2011, inter alia, have transacted the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Audited Profit and Loss Account for the year ended on that date alongwith the reports of Auditors and Directors thereon.
2. Declaration of Dividend @ Rs. 7/- per share on equity share of Rs. 10/- each.
3. Re-appointment of Shri D. C. Anjaria & Prof. Vasant P. Gandhi as rotational Directors of the Company.
4. Appointment of M/s. Prakash Chandra Jain & Co., Chartered Accountants, Vadodara, as 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.
5. To fix the remuneration plus traveling and other out of pocket expenses, that is to be paid to the Statutory Auditors, to be appointed in the Annual General Meeting or to be appointed by the Comptroller and Auditor General of India, as the case may be, for the audit of accounts of the Company's Baroda Unit (Head Quarters) and the Sikka Unit and also for audit of accounts of the Polymers Unit and Fibre Unit of the Company for the Financial Year 2011-12, as may be deemed fit and proper by the Board of Directors.
6. Appointment of Shri Atanu Chakraborty, IAS as Managing Director of the Company, effective from July 13, 2011 for the tenure and terms & conditions of remuneration and perquisites to be decided by the Govt. of Gujarat. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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