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| Exchange Disseminated Time | Alpine Housing Development Corporation Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 29, 2010, inter alia, have accorded to the following:
1. Adopt the Balance Sheet, Profit and Loss Account, Director’s Report and Auditors Report for the year ended March 31, 2010.
2. Mr. M K Ramachandra & Mr. N K Malu, who retires by rotation and being eligible for reappointment is hereby elected as Directors of the Company.
3. Re-appointment of M/s. Rao & Venkatesulu, Chartered Accountants, Bangalore as Statutory Auditors of the Company, in term of section 224 (1B) of the Companies Act, 1956 to hold the office of the auditors from conclusion of this meeting to the next annual general meeting of the Company.
4. Payment of Dividend @ Re. 0.60 on the fully paid up Equity Shares of Rs. 10/- i.e. 6% each of the Company for the financial year 2009-10.
5. Authority to the Board for borrowing, from time to time, as it may consider fit, any sums of money, on such terms and conditions as the Board may deem fit notwithstanding that the monies to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from the (Company's Bankers / Financial Institute in the ordinary course of business) will exceed of the aggregate of the paid-up Capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose so that the total amount of moneys so borrowed at any time shall not exceed the sum of Rs. 200.00 Crores (Rupees Two Hundred Crores only) at any one time, subject to necessary provisions & approvals.
6. Appointment of Mr. Mohamed Tybula Shariff & Ms. Annu Kumari as Directors of the Company, whose office shall be subject to retirement by rotation. |
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