|
| Exchange Disseminated Time | Tulsyan NEC Ltd has informed BSE that the members at the 64th Annual General Meeting (AGM) of the Company held on September 14, 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 together with the Directors and Auditors’ Report thereon.
2. Declaration of final Dividend of 10% payable on the paid-up capital of Rs 5 Crore to the equity shareholders of the Company.
3. Re-appointment of Shri V Kirubanandan & Shri. S Ramakrishnan, Directors of the Company liable to retire by rotation.
4. Re-appointment of M/s. C A Patel & Patel, Chartered Accountants, Chennai 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 on remuneration, terms & conditions.
5. Re-appointment and Revision of remuneration of Shri Sanjay Tulsyan as Managing Director of the Company for a period of 5 years with effect from October 01, 2011, on remuneration, terms and conditions.
6. Re-appointment and Revision of remuneration of Shri Lalitkumar Tulsyan as Managing Director of the Company and designated as "Executive Chairman" for a period of 5 years with effect from July 12, 2011, on remuneration, terms and conditions.
7. Re-appointment and Revision of remuneration of Shri Sanjay Agarwalla as whole time Director of the Company for a period of 5 years with effect from September 22, 2011, on remuneration, terms and conditions. |
|
|