|
| Exchange Disseminated Time | IP Rings Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on July 28, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 together with the Profit and Loss Account for the year ended on that date and the Report of the Auditors and of the Directors thereon.
2. Declaration of Dividend of 30% on Equity Shares together with the Dividend Tax, to the Equity Shareholders of the Company.
3. Re-appointment of Mr. N Venkataramani, Mr. R Mahadevan & Mr. P M Venkatasubramnian as Directors of the Company.
4. Re-appointment of Messrs. R C N Price & Co., Chartered Accountants, Chennai as auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company on such remuneration, terms & conditions.
5. Appointment of Mr. A Venkataramani as a Director of the Company.
6. Appointment of Mr. A Venkataramani as the Managing Director of the Company for a period of three years from November 01, 2010 to October 31, 2013, on remuneration, terms & conditions.
7. Accorded for the payment of Managerial Remuneration to Dr. N Gowrishankar, Whole Time Director, amounting for the financial year April 01, 2010 to March 31,2011, on necessary terms & conditions.
8. Accorded for the payment of Managerial Remuneration to Mr. A Venkatararnani, Managing Director, for the financial year April 01, 2010 to March 31, 2011, on necessary terms & conditions. |
|
|