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| Exchange Disseminated Time | Ganesh Housing Corporation Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded to the following:
1. Adoption of audited Balance Sheet as at March 31, 2009 and the Profit and Loss account for the year ended on that date together with the Directors’ and Auditors’ Reports thereon.
2. Declaration of dividend for the year ended March 31, 2009 at the rate of 18% i.e. Rs 1.80 per equity share of Rs 10/- each.
3. Re-appointment of Smt. Lalitaben G. Patel & Shri. Arvind R. Nanavati, as Directors of the Company liable to retire by rotation.
4. Appointment of M/s. J M Parikh & Associates, Chartered Accountants, Ahmedabad as the Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting, at a remuneration to be decided by the Chairman.
5. Re-appointment of Mr. Shekhar G. Patel as Managing Director of the Company for the period for a period of five years with effect from July 01, 2009.
6. Increase in Managerial Remuneration of Mr. Dipak G. Patel, Whole time Director of the Company from Rs 450000/- per month to Rs 500000/- per month with effect from July 01, 2009 till the remainder of his tenure of appointment September 03, 2012. |
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