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| Exchange Disseminated Time | DCM Financial Services Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on December 30, 2011, inter alia, have passed the following;
1. Consideration and adoption of the Audited Balance Sheet as on June 30, 2011, and the Profit & Loss Account for the twelve months period ended on that date together with the Reports of Directors and Auditors thereon.
2. Re-appointment of M/s. V. Sahai Tripathi & Co., Chartered Accountants, as Statutory Auditors of the Company, who retired on this Annual general Meeting, to hold office till the conclusion of next Annual General Meeting, on remuneration, terms & conditions.
3. Re-appointment of Mr. Om Prakash Gupta, as a Director of the Company, liable to retire by rotation.
4. Re-appointment of Mr S. K. Sharma, as Whole Time Director designated as Executive Director of the Company for 3 (Three) Years, on remuneration, terms & remuneration.
5. Reduction of share capital of the Company from Rs. 22,12,50,540/- (Rupees Twenty Two Crores Twelve Lakhs Fifty Thousand Five Hundred Forty only) divided in 2,21,25,054 shares of Rs. 10/- (Rupees Ten only) each to Rs. 4,42,50,108/- divided into 2,21,25,054 shares of Rs. 2/- (Rupees Two only) each and the said reduction be effectuated by applying an amount of approximately Rs. 17,70,00,432/- (Rupees Seventeen Crores Seventy Lakhs Four Hundred Thirty Two only), being a portion of accumulated losses of the Company against the share capital.
6. Delisting of the shares of the Company from the Delhi, Madras, Calcutta, Ahmadabad & Jaipur Stock Exchanges. |
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