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| Exchange Disseminated Time | Paramount Cosmetics India Ltd has informed BSE that the members at the 26th Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have accorded to the following:
1. Adoption of Accounts: The Directors Report, the Auditor’s Report, the Audited. Profit and Loss Account and Audited Balance Sheet for the year ended March 31, 2011 was approved.
2. Declaration of Dividend: Dividend @ of Rs. 0.50 per Share (i.e. 5%) was declared.
3. Re-appointment of Director: Mr. V.N. Mehta, who retired by rotation was re appointed as Director.
4. Appointment of Statutory Auditors: M/s. R. U, Jain & Co., Chartered Accountants firm was re-appointed as Statutory Auditors of the Company to audit the accounts of the Company for the Financial Year 2011 on a remuneration to be fixed by the Board of Directors / Audit Committee.
5. Appointment of Director: Ms. Aartii Topiwala. who was appointed as Additional Director during the year was appointed as Director of the Company liable to retire by rotation.
6. Increase in remuneration of Managing Director: Special Resolution for increase in remuneration payable to the Managing Director was passed. |
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