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| Exchange Disseminated Time | Swan Mills Ltd has informed BSE that the members at the 102nd Annual General Meeting (AGM) of the Company held on September 24, 2010, inter alia, have approved all the following resolutions unanimously:
1. Adoption of Audited Balance Sheet as at March 31, 2010 and the Profit & Loss Account of the Company for the year ended as on that date, together with Directors’ Report and Auditors’ Report thereon.
2. Declaration of dividend @ Rs. 0.20 per Equity Share (10%) on 9,50,00,000 Equity Shares of Rs. 2/- each for the year ended 31, 2010.
3. Re-appointment of Mr. Nagardas H. Panchal, Mr. Rajatkumar Dasgupta & Mr. Dhiren M. Desai as Directors of the Company.
4. Re-appointment of M/s. V. R. Renuka & Co., Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this AGM until the conclusion of the next AGM, on such remuneration, to be fixed by the Board of Directors of the Company.
5. Partial modification in the terms of remuneration of Mr. Nikhil V. Merchant, Managing Director, for the remaining period of four years with effect from September 01, 2010.
6. Partial modification in the terms of remuneration of Mr. Paresh V. Merchant, Executive Director, for the remaining period of four years with effect from September 01, 2010.
7. Approval to invest up to Rs. 500 crores in the Equity shares of GSPC Pipavav Power Company Ltd (GPPC). |
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