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| Exchange Disseminated Time | Aptech Ltd has informed BSE that the members at the 11th Annual General Meeting (AGM) of the Company held on July 29, 2011, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet for the period ended March 31, 2011 and the Profit & Loss Account ended on that date and the Report of the Auditors and Directors thereon.
2. Declaration of a final dividend of Rs. 2.50 (25%) per share on 4,87,71,421 equity shares of Rs. 10/- each as recommended by the Directors, for the year ended March 31, 2011.
3. Re-appointment of Mr. Walter Saldanha, Mr. Yash Mahajan & Mr. Utpal Shah as Directors of the Company.
4. Re-appointment of M/s. Khimji Kunverji & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office till the conclusion of the next Annual General Meeting, on such remuneration, terms & conditions.
5. Resolved not to fill up the vacancy, caused by the retirement of Mr. Pramod khera, who retires by rotation at the ensuing general meeting and who does not seek re-appointment, at this meeting and may be filled up by the board of directors at a later date.
6. Accorded consent to the Board of Directors of the Company to decide and to pay the remuneration by way of commission (over and above the payment of sitting fees) to the Directors of the Company other than the Managing Director of the Company, a sum not exceeding 1% per annum of the net profits of the Company computed in the manner laid down in Section 349 and 350 of the Companies Act, 1956 in any financial year upto a period of 5 years commencing from July 2011, on necessary terms & conditions. |
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