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| Exchange Disseminated Time | Honda Siel Power Products Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on July 27, 2006, inter alia, have approved the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2006 and Profit & Loss Account of the Company and the reports of the Board of Directors and the Auditors thereon for the year ended on that date.
2. Declaration of Dividend @ Rs 4 (i.e. 40%) per equity hare of Rs 10/- each for the financial year 2005-2006.
3. Re-appointment of Mr. Y Aoshima and Mr. Ravi Vira Gupta as Directors of the Company, liable to retire by rotation.
4. Appointment of M/s. BSR & Co, Chartered Accountants as Auditors of the Company to hold office from the conclusion of the AGM until the conclusion on next AGM on remuneration, terms and conditions.
5. Increase in remuneration of Mr. K Kashiwagi, President & CEO.
6. Appointment of Mr. Y Watanabe as Director of the Company.
7. Appointment & Remuneration of Mr. Y Watanabe & Mr. R S Bidesi as Vice-President and Whole Time Directors. |
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