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| Exchange Disseminated Time | HB Stockholdings Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 11, 2008, inter alia, have accorded to the following:
1. The Audited Accounts (Balance Sheet, Profit & Loss Account, Cash Flow statement, Schedules attached with the accounts) for the year ended March 31, 2008 together with the Reports of Director’s and Auditor’s, along with the report of Corporate Governance and Auditor’s Certificate thereon were approved.
2. Mr. Gulshan Rai & Mr. Harbans Lal, Directors of the Company, who retires by rotation and offers themselves for reappointment were reappointed.
3. M/s. P Bholusaria & Co., Chartered Accountants, the Statutory Auditors of the Company who retires at the conclusion of the 21st AGM were re-appointed to hold office until the conclusion of the next Annual General Meeting on remuneration to be fixed by the Board of Directors.
4. Remuneration payable to Mr. J M L Suri Executive Director was raised by the Board during the year now being approved, and ratified by the members of the Company.
5. The term of office of Mr. J M L Suri as Executive Director of the Company expired on June 30, 2008 and he has been re-appointed by the Board of the Company for a further period of Five years w.e.f. July 01, 2008 up to June 30, 2013 on the terms and conditions and remuneration presently drawn by him as Executive Director of the company. The members of the Company in the 21st Annual General Meeting confirms his reappointment by passing a Special Resolution. |
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