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| Exchange Disseminated Time | Kitex Garments Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on December 30, 2010, inter alia, have accorded the following:
1. Adoption of the Directors' Report, the Annual Accounts and the Auditors' Report for the year ended March 31, 2010.
2. Declaration of the dividend for the year ended March 31, 2010 at the rate of 30 percent of the paid up equity share capital of the Company (30 paise per share of face value of Re. 1).
3. Re-appointment of Mr. Benni Joseph as a Director of the Company, liable to retire rotation.
4. Appointment of M/s. Kolath & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. The total shareholdings of all Foreign Institutional Investors in the Company may exceed 24% of the paid-up Capital of the Company but shall be within the sectoral cap / statutory limit prescribed from time to time by the Government / Reserve Bank of India.
6. The total shareholdings of all Non Resident Indians in the Company may exceed 10% of the Paid-up Capital of the Company, but shall be within 24% of the Paid-up Capital of the Company or such other limit as prescribed from time to time by the Government / Reserve Bank of India. |
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