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| Exchange Disseminated Time | Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 26, 2008, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended on that date together with the reports of the Auditors & Directors alongwith the Comments of the Comptroller & Auditor General of India, thereon.
2. Confirmation of Interim Dividend @ 30% on the paid up equity share capital of Rs 6300 million including the shares represented by ADRs, absorbing Rs 1890 million paid in February, 2008 for the financial year 2007-08.
Further, declaration of Dividend @ 40% absorbing Rs 2520 million (inclusive of 30% interim dividend already paid) out of the current profits of the Company for the year ended March 31, 2008.
3. Re-appointment of Dr. S Balasubramanian & Shri. J S Deepak as Directors of the Company, liable to retire by rotation.
4. Authority to the Board to fix the remuneration of the Statutory and Branch Auditors to be appointed by the Comptroller & Auditor General of India for the financial year 2008-2009, as may be deemed fit.
5. Appointment of Smt. Usha Sahajpal, as a Director of the Company. |
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