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| Exchange Disseminated Time | Automotive Axles Ltd has informed BSE that the members at the 29th Annual General Meeting (AGM) of the Company held on January 21, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at September 30, 2010 and the Profit and Loss Account for the year ended as on that date, together with the Directors’ Report and Auditors’ Report thereon.
2. Recommend the dividend @ Rs. 8.50 per share for the year ended September 30, 2010.
3. Appointment of Mr. B C Prabhakar as a Director of the Company liable for retirement by rotation.
4. Appointment of M/s.Deloitte Haskins and Sells (Chennai), Chartered Accountants, Bangalore, as Auditors of the Company, to hold office from conclusion of this meeting until conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Appointment of Mr. P C Bhalerao as a Director of the Company, subject to retirement by rotation.
6. Appointment of Mr. Satish Sekhri as a Director of the Company subject to retirement by rotation. |
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