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| Exchange Disseminated Time | Hercules Hoists Ltd has informed BSE that the members at the 49th Annual General Meeting (AGM) of the Company held on July 27, 2011, inter alia, have approved the following;
1. Adoption of the Audited Statement of Financial Accounts for the year ended March 31, 2011, and the relative report of the Auditors.
2. Declaration of the Dividend @ 300% (Rs. 3.00 per Equity Share) on 1,60,00,000 Equity Shares of Re. 1/- each for the year ended March 31, 2011.
3. Re-appointment of Shri Shekhar Bajaj, as a Director of the Company, liable to retire by rotation.
4. Re-appointment of Shri Vinaya L. Mehrotra, as a Director of the Company, liable to retire by rotation.
5. Re-appointment of Shri Naresh Chandra, as a Director of the Company, liable to retire by rotation.
6. Re-appointment of M/s. M. L. Bhuwania & Co, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this 49th Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
7. Re-appointment of Shri H. A. Nevatia as a Director in Whole-time employment of the Company as an Adviser for a period of two years from November 22, 2010 to November 21, 2012, on remuneration, terms & conditions. |
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