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| Exchange Disseminated Time | Aro Granite Industries Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on July 29, 2011, inter alia, have accorded to the following:
1. Adopted the Profit & Loss Account for the year ended March 31, 2011 & the Balance Sheet as on that date.
2. Declared a dividend of Re. 1.00p per equity share of the company out of the current profits of the company for the year ended March 31, 2011.
3. Re-appointed Sh. Dinesh Chandra Kothari & Sh. Rahul Gupta as Directors of the company.
4. Appointed M/s Alok Mittal & Associates, Chartered Accountants, New Delhi as Auditors of the Company from the conclusion of the 23rd Annual General Meeting upto the conclusion of the next Annual General Meeting on a remuneration to be fixed by the Board of Directors of the Company.
5. Approved the re-appointment of Shri Sunil K. Arora, as Managing Director of the Company for a period of Five years with effect from April 01, 2011 on the terms of remuneration and conditions as set out in the explanatory statement which shall be deemed to form part of hereof and in the event of inadequacy or absence of profits in any financial year, the remuneration comprising of salary, perquisites and benefits as approved herein be paid as minimum remuneration to be said Managing Director subjects to approval, if any, as may be required. |
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