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| Exchange Disseminated Time | Aries Agro Ltd has informed BSE that the members at the 41st Annual General Meeting (AGM) of the Company held on September 29, 2011 inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit and Loss Account for the year ended on that date together with Notes, Schedules and Cash Flow Statement, Directors' Report (including Report on Corporate Governance, Management Discussion and Analysis Reports and Report on Corporate Social Responsibility) and the Report of the Auditors thereon.
2. Confirmed an Interim dividend @ Rs. 1.00 per Equity Share (10%) on 1,30,04,339 Equity Shares Of the Company, for the year ended on March 31, 2011.
Declaration of Final Dividend at the rate of Rs. 1.00 per Equity Share of Rs. 10/- each (10%) on 1,30,04,339 Equity Snares of the Company, for the year ended on March 31, 2011.
3. Re-appointment of Mr. Akahay Mirchandani and Mr. C. B. Chhaya as a Director of the Company, liable to retire by rotation.
4. Appointment of M/s. Kirti D. Shah &. Associates, 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. Appointment of Mr. Akshay Mirchandani (son of Dr. Jimmy Mirchandani, Chairman and Managing Director) as Chief Executive Office (CEO) for any other designation which the Board of Directors of M/S Amarak Chemicals FZC may decide from time to time) of M/S Amarak Chemicals FZC with effect from the December 30, 2010 and the Remuneration, Benefits and Amenities with an annual increment not exceeding 50 % of the last Salary drawn by Mr. Akshay Mirchandani (as may be decided by the Board of Directors of M/s. Amarak Chemicals FZC) and upon the terms and conditions.
6. Appointment of Mr. Akshay Mirchandani (son of Dr. Jimmy Mirchandani, Chairman and Managing Director) as Chief Executive Officer (CEO) (or any other designation which the Board of Directors of M/s. Golden Harvest Middle East FZC may decide from time to time) of M/s. Golden Harvest Middle East FZC with effect from the April 01, 2011 and the Remuneration, Benefits and Amenities aggregating with an annual increment not exceeding 50% of the last salary drawn by Mr. Akshay Mirchandani, (as may be decided by the Board of Directors of M/s. Golden Harvest Middle East FZC from time to time) and upon the terms and Conditions.
7. Appointment of Mr. Amol Mirchandani son of Dr. Jimmy Mirchandani, Chairman and Managing Director and Brother of Mr. Akshay Mirchandani, Director as Officer-Marketing of the Company with effect from April 07, 2011 upon the terms end conditions.
Mr. Amol Mirchandani shall be in the exclusive employment of the Company and will not hold a place of profit in any other Company during the period of his tenure of employment with the Company. |
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