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| Exchange Disseminated Time | Automotive Stampings & Assemblies Ltd has informed BSE that the members at the 19th Annual General Meeting (AGM) of the Company held on July 15, 2009, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2009 and the Profit and Loss Account for the year ended on that date and the Report of the Directors and the Auditors thereon.
2. Declaration of dividend at the rate of 12% p.a. on the 12% Cumulative Redeemable Preference Share Capital of the Company for the year ended March 31, 2009, out of the profits of the Company.
3. Declaration of dividend at the rate of Re 0.50 per equity share, pursuant to the recommendation of the Directors, for the year ended March 31, 2009 out of the profits of the Company.
4. Re-appointment of Mr. Pradeep Mallick and Mr. Rameshwar S Thakur, Director who retires by rotation but being eligible for re-appointment, as Directors of the Company.
5. Re-appointment of M/s. Price Waterhouse, Chartered Accountants, the retiring Auditors, as Auditors 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, at such remuneration as may be agreed to between the Board of Directors of the Company and the Auditors.
6. Appointment of Mr. Alberto Moreno as Director of the Company and shall be liable to retire by rotation.
7. Approved and adopted as the articles of association of the Company in substitution for and to the exclusion of all the existing articles thereof. |
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