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| Exchange Disseminated Time | Muthoot Capital Services Ltd has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on August 26, 2006, inter alia, have accorded to the following:
1. Adoption of profit and loss account for the year ended March 31, 2006, the Balance Sheet as at that date and the reports of the Directors and the Auditors thereon.
2. Declaration of dividend @ Re 1 per share on Equity Shares of Rs 10/- each fully paid up.
3. Re-appointment of Mr. Philip Thomas as a Director of the Company.
4. Re-appointment of M/s. K Venkitachalam Aiyer & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Increase in the remuneration of Shri. Thomas George Muthoot, Managing Director of the Company w.e.f. July 01, 2006 to July 11, 2008, on terms & conditions.
6. Alteration of Article 86 (1) of the Articles of Associations of the Company be and is hereby substituting the new Article 86 (1).
7. Payment of Remuneration to the Directors of the Company for attending Meetings of the Board of Directors and Committees as may be constituted by the Board of Directors from time to time. |
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