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| Exchange Disseminated Time | Lumax Industries Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 01, 2008, inter alia, have approved the following proposals:
1. Received, considered and adopted the Audited Accounts for the year ended March 31, 2008 and Auditors and Directors' Reports, thereon.
2. Declared a Dividend of Rs 4.00 per Equity Share as recommended by the Board of Directors.
3. Approved the re-appointment of Mr. Deepak Jain, Mr. Gursaran Singh & Mr. Suman Jyoti Khaitan as Directors, who was retiring by rotation and being eligible offered themselves for re-appointment.
4. Approved the re-appointment of M/s. S R Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company.
5. Approved the appointment of Mr. Dhiraj Dhar Gupta as Director of the Company.
6. Approved the re-appointment of Mr. D K Jain, as Chairman and Managing Director for a further period of 3 years.
7. Approved the revision in remuneration to Mr. Deepak Jain, and re-designating him as Senior Executive Director of the Company.
8. Approved the re-appointment of Mr. Anmol Jain, as Senior Executive Director of the Company for a further period of 3 years.
9. Approved the appointment of Mr. Ikuo Abe as Director and also as Senior Executive Director of the Company.
10. Approved the appointment of Mr. Atsushi Ishii as Director and also as Executive Director of the Company.
11. Approved the Increase in the Borrowing Limits of the Board of Directors from Rs 100 Crores to Rs 250 Crores. |
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