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| Exchange Disseminated Time | Gandhimathi Appliances Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on September 29, 2006, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2006 and the Profit & Loss Account for the year ended on that date and the report of Directors and Auditors of the Company.
2. Re-appointment of Mr K Ganesan & Mr V R Lakshminarayanan as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s Rudhrakumar Associates, Chartered Accountants, Chennai, as Auditor of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
4. Authority to the Board to issue, offer and allot to the Promoters (which term shall mean and include the Company’s Promoter Directors, their relatives and associate Companies managed / controlled by them or in which they are Directors (be such persons and entities the existing shareholders of the Company or not), 14,50,000 equity shares of Rs 10/- each at par aggregating Rs 1,45,00,000/- to the Promoter - Directors of the Company, their relatives and / or associate Companies managed / controlled by them, payment thereof to he made by conversion of the said amount out of the amount standing to their credit in the books of the Company, subject to necessary provisions & approvals. |
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