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| Exchange Disseminated Time | Century Enka Ltd has informed BSE that the members at the 44th Annual General Meeting (AGM) of the Company held on July 02, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Accounts of the Company for the year ended March 31, 2010 together with the Reports of the Auditors and the Directors.
2. Declared the Dividend at the rate of Rs. 6/-per Equity Share on 2,18,50,589 Equity Shares of Rs.10/- each (including 8,00,000 Equity Shares allotted on January 27, 2010 and 10,00,000 Equity Shares allotted on May 03, 2010 consequent upon conversion of the Warrants issued to the Promoters of the Company) for the Financial Year ended March 31, 2010.
3. Re-appointed Mr. B. K. Birla as a Director of the Company.
4. Re-appointed M/s. Price Waterhouse, Chartered Accountants, Kolkata as Auditors of the Company to hold Office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on a remuneration to be fixed by the Board of Directors based on the recommendation of the 'Audit Committee' in addition to reimbursement of out-of-pocket expenses in connection with the audit of the Accounts of the Company for the year ending March 31, 2011 and the said remuneration be paid to them in such instalments as may be decided by the Board of Directors.
5. Appointment of Mr. S. K. Jain as a Director of the Company, liable to retire by rotation.
6. Modified the remuneration, pursuant to the resolution passed in the 41st Annual General Meeting of the Company held on June 27, 2007 approving the appointment and remuneration of Mr. G. M. Singhvi, the Whole-time Director of the Company and partial modification made in the remuneration therein by the resolution passed in the 42nd Annual General Meeting held on June 28, 2008, the remuneration, subject to necessary provisions and approvals.
7. Approves the re-appointment of Mr. G. M. Singhvi as Whole-time Director of the Company for a period of 3 (Three) years with effect from May 16, 2010 upon the remuneration, terms and conditions, subject to necessary provisions and approvals. |
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