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| Exchange Disseminated Time | KLRF Ltd has informed BSE that the members at the 49th Annual General Meeting (AGM) of the Company held on September 15, 2011, inter alia, have transact to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit and Loss account for the year ended on that date together with the Directors Report and the Auditors Report thereon.
2. Smt.J.Chandrakanthi, Director liable to retire by rotation, who does not seek reelection, be not appointed as Director of the Company.
3. Re-appointment of Sri.Sudarsan Varadaraj, as a Director of the Company, liable to retire by rotation.
4. Re-appointment of Sri.S. Govindan as a Director of the Company, liable to retire by rotation.
5. Appointment of Sri.P. Marimuthu, Chartered Accountant, Tirunelveli Junction, as a Auditors of the Company, to hold Office from the conclusion of this Annual General Meeting (AGM) to the conclusion of the next Annual General Meeting (AGM) of the Company to audit the books of accounts of the Company for the financial year 2011 - 2012 on remuneration, terms & conditions.
6. Appointment of M/s Haribhakti & Co., Chartered Accountants, Coimbatore as Branch Auditor of the Company to hold office upto the conclusion of the next Annual General Meeting (AGM) to audit the books of accounts of both the Sheet Metal and Foundry Divisions, Coimbatore for the financial year 2011 - 2012 on remuneration, terms & conditions.
7. Authority to Board for entering into a contract with M/s. Prokop Eltex (India) Private Limited, (a Company in which a director of the Company is interested) for sale of sheet metal components, cast iron and purchase of flour milling machineries, spares and scrap to the extent of Rs. 50 Lakhs per annum for a period of 5 years commencing from April 01, 2012. |
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