|
| Exchange Disseminated Time | Shivam Autotech Ltd has informed BSE that the members at the 3rd Annual General Meeting (AGM) of the Company held on September 19, 2008, inter alia, have accorded to the following:
1. Adopted the audited Balance Sheet as at March 31, 2008, the Profit & Loss Account for the year ended on that date together with the Directors’ Report and Auditors’ Report thereon.
2. Declared final dividend @ 15% for the financial year 2007-08.
3. Re-appointment Mr. Vijay Munjal & Bhagwan Dass Narang, as Directors retiring by rotation.
4. Appointment M/s. S S Kothari Mehta & Co., Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM.
5. Increase in the remuneration of Mr. Neeraj Munjal as Managing Director with effect from April 01, 2008 for the remainder of his tenure as per the terms mentioned in the Notice of the 3rd Annual General Meeting of the Company.
6. Payment of commission to non-executive independent directors for each year of the period of five years commencing from April 01, 2008 as per the details mentioned in the Notice of the 3rd Annual General Meeting of the Company. |
|
|