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| Exchange Disseminated Time | Shivam Autotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2013, inter alia, has transacted the following business:
1. The Board has considered and approved the re-appointment of M/s. S. S. Kothari Mehta & Co., Chartered Accountants as Statutory Auditors of the Company for the financial year 2013-14.
2. The Board has approved the commission payable to Non-Executive & Independent Directors for a period of 5 years commencing from April 01, 2013, not exceeding in the aggregate, 0.30% per annum of the Company’s net profit or Rs. 8.00 lacs which ever is minimum.
3. The Board has considered and approved the transfer of Unpaid/Unclaimed Dividend Amount for the year 2005-06 to Investor Education and Protection Fund. |
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