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| Exchange Disseminated Time | Mawana Sugars Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on February 25, 2010, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet of the Company as at September 30, 2009, the Profit and Loss Account and Cash Flow Statement for the financial year ended on that date together with the Consolidated Balance Sheet of the Company and its subsidiaries and an associate as at September 30, 2009, the Consolidated Profit and Loss Account and Cash Flow statement for the financial year ended on that date, audited by A F Ferguson & Co., Chartered Accountants, together with the Reports of Board at Directors and Auditors thereon.
2. Re-appointment of Mr. K P Singh & Mr. R S Bedi as Directors of the Company.
3. Mr. D.C. Mittal, a Director retiring by rotation who has not offered himself for re-appointment, retires by rotation at this Annual General Meeting and the vacancy thus caused by his retirement need not be filled.
4. Re-appointment of M/s. A F Ferguson & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Increase in monthly remuneration (CTC) of Mr. A K Mehra, Whole Time Director of the Company w.e.f. October 01, 2009, on necessary terms & conditions.
6. Increase in monthly remuneration (CTC) of Mr. Sunil Kakria, Managing Director of the Company w.e.f. October 01, 2009, on necessary terms & conditions. |
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