|
| Exchange Disseminated Time | Orient Press Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on August 28, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended (6 months) on that date together with the Directors’ Report and the Auditors” Report thereon.
2. Re-appointment of Shri. Prakash Maheshwari & Shri. B L Kankani as Directors of the Company.
3. Re-appointment of M/s. B L Sarda & Associates, Chartered Accountants, 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 of the Company at a remuneration, terms & conditions.
4. Appointment of Shri. Kannan Veersamy Ramamritham as a Director of the Company whose period of office shall be liable to determination by retirement of Directors by rotation.
5. Appointment of Shri. Ghanshyamdas Mundra & Mr. Vilas Dighe as Directors of the Company with effect from August 28, 2010, liable to retire by rotation.
6. Authority to the Board for payment of remuneration by way of commission, annually to the Directors of the Company other than the Managing Director/(s) and Whole-Time Directors aggregating Rs.50 lacs for a period of 5 years from the Financial year ending March 31,2011, provided that the total commission payable to such Directors shall not exceed 1% of the net profits of the Company as computed in the manner prescribed under Section 198(1) of the Companies Act, 1956 or any statutory modification/(s) or re-enactment thereof, subject to necessary provisions & approvals. |
|
|