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| Exchange Disseminated Time | DB International Stock Brokers Ltd has informed BSE that the members at the 19th Annual General Meeting (AGM) of the Company held on June 29, 2011, inter alia, have accorded to the following:
1. Adoption of Audited Accounts of the Company for the year ended March 31, 2011 and the reports of Auditors’ and Directors’ thereon.
2. Re-appointment of Mr. Sanjay Kumar Mimani and Mr. Brajesh Sadani as Directors of the Company, liable to retire by rotation.
3. Appointment of M/s Chaudhry Vigg James & Company, Chartered Accountants, as the statutory auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company.
4. Declaration of dividend on equity shares @ Rs. 0.20 paisa for every equity share for the year ended on March 31, 2011.
5. Consent of shareholders have been accorded to amend the Articles of association by replacing Clause
45 (a) and 140 in the following manner:
"45, (a) A common form of transfer shall be used for transfer of any shares in the company. The transfer instrument shall be executed by both the transferee and the transferor, The transferor shall be deemed to remain the holder of shares until the name of the transferee is entered in the register of members in respect thereof.”
"140. Subject to section 205A of the Act, the board of directors may retain dividends on which the company has a lien and may apply the same in or towards satisfaction of the debts liabilities or engagements in respect of which the lien exists. However, there shall be no forfeiture of unclaimed dividends before the claim becomes barred by law." |
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