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| Exchange Disseminated Time | Maxwell Industries Ltd has informed BSE that the 18th Annual General Meeting of the members of the Company held on August 29, 2008, have approved the following:
1. Ordinary Resolution : The Audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account for the year ended on that date and the report of the Board of Directors and Auditors thereon.
2. Ordinary Resolution : Declared the Dividend on 5% Redeemable Preference Shares of Rs. 100/- each.
3. Ordinary Resolution : Declared the Dividend on Equity Shares @ 22.50% per shares of Rs. 2/- each.
4. Ordinary Resolution : Appointed Mr. Gopal Sehjpal, Dr. Arvind Kulkarni & Mr. Chetan Sheth as a Directors of the Company to retire by rotation.
5. Ordinary Resolution : Re-appointed M/s. Attar & Co. Chartered Accountants as the Auditors of the Company from the conclusion of the Annual General Meeting till the conclusion of the next Annual General Meeting of the Company.
6. Ordinary Resolution : Appointed Mr. Deepak Maheshwari as a director of the Company subject to retire by rotation.
7. Special Resolution : Approved the Delisting of Equity Shares of the Company from Over The Counter Exchange of India (OTCEI)
8. Special Resolution : Approved the appointment of Shri. Sunil J Pathare as Vice - Chairman & Managing Director of the Company for a period of 5 years w.e.f. July 17, 2008 and also approved the remuneration to be paid to him.
9. Special Resolution : Approved the re-appointment of Shri. Kapil J Pathare as a Whole time Director of the Company for a period of 5 years w.e.f. July 01, 2008 and also approved the remuneration to be paid to him.
10. Special Resolution : Approved the revision of remuneration to be paid to Shri. Jaykumar Pathare Whole time Director of the Company.
11. Special Resolution : Approved the alteration of Article 112 of the Articles of Association of the Company. |
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