|
| Exchange Disseminated Time | Madras Cements Ltd has informed BSE that the members at the 52nd Annual General Meeting (AGM) of the Company held on August 02, 2010, inter alia, have accorded to the following:
1. Adoption of the Directors' Report, Profit & Loss Account for the year ended March 31, 2010, Balance Sheet as at that date and Cash Flow Statement for the year ended on that date and the Auditors Report thereon.
2. Declaration of the Interim Dividend of Rs 1.50 per share.
3. Appointment of Dr. A Ramakrishna as Director the Company.
4. Appointment of M/s. M S Jagannathan & N Krishnaswami, Chartered Accountants and M/s. CNGSN & Associates, Chartered Accountants, as Auditors of the Company to hold Office from the conclusion of this Meeting till the conclusion of the next Annual General Meeting of the Company on remuneration terms & conditions.
5. Appointment of Shri. M B N Rao as Director of the Company liable to retire by rotation.
6. Authority to Board for borrowing from time to time any sum or sums of money which together with the moneys already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company’s bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say reserves not set apart for any specific purpose provided that the maximum amount of moneys so borrowed by the Board, shall not at any time exceed Rs.5,000 Crores (Rupees Five thousand crores only). |
|
|