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| Exchange Disseminated Time | Automotive Stampings and Assemblies Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on May 25, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the year ended on that date and the Report of the Directors and the Auditors thereon.
2. Declared dividend at the rate of 12% percent on the 12% Cumulative Redeemable Preference Share
Capital of the Company for the year ended March 31, 2011 out of the current profits of the Company and the same be paid to those Preference Shareholders whose name stand in the Register of Members as on May 25, 2011.
3. Declared dividend at the rate of Rs. 2.00 per equity share for the year ended March 31, 2011 out of the current profits of the Company.
4. Re-appointed Mr. Pradeep Mallick & Mr. Rameshwar S Thakur, as Directors of the Company.
5. Re-appointed M/s Price Waterhouse, Chartered Accountants, the retiring Auditors, 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, at such remuneration as may be agreed to between the Board of Directors of the Company and the Auditors. |
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