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| Exchange Disseminated Time | Sanghvi Movers Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have transacted the following:
1. Adoption of Audited Balance Sheet as at March 31, 2011, the Profit and Loss Account for the year ended on that date and the Reports of Directors and Auditors thereon. Thereafter the resolution was put to vote by show of hands and was passed unanimously;
2. Declaration of Dividend @ Rs. 3/- (i.e. 150%) per Equity Share for the year ended March 31, 2011. Thereafter the resolution was put to vote by show of hands and was passed by majority;
3. Re-appointment of Mr. R. S. Desai as a Director of the Company. The voting for this resolution was done by poll and two scrutinizers declared it to be passed by majority of votes;
4. Re-appointment of Mr. Dara N. Damania as a Director of the Company. The voting for this resolution was done by poll and two scrutinizers declared it to be passed by majority of votes;
5. Appointment of M/s. B. S. R. & Co., Chartered Accountants, Pune, as Auditors of the Company, in place of M/s. L. M. Joshi &. Co., Chartered Accountants Auditors of the Company who retire at the conclusion of the Annual General Meeting of the Company and have expressed their inability to offer themselves for re-appointment as the Auditors for the Financial Year 2011-2012 to hold office from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting. Thereafter the resolution was put to vote by show of hands and was passed unanimously.
6. Re-appointment of Mr. C. P. Sanghvi as Managing Director of the Company for a further period of Five Years, effective from October 01, 2011. The voting for this resolution was done by poll and two scrutinizers declared it to be passed by majority of votes.
7. Appointment of Mr. Rishi C. Sanghvi, son of Mr. C. P. Sanghvi, Chairman & Managing Director and Mrs. Mina C. Sanghvi, Director of the Company, to hold and continue to hold an office or place of profit as Manager - Business Development. Thereafter the resolution was put to vote by show of hands and was passed unanimously. |
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