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| Exchange Disseminated Time | Steel Authority of India Ltd has informed BSE that the members at the 39th Annual General Meeting (AGM) of the Company held on September 22, 2011, inter alia, have accorded to the following:
1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2011, the Balance Sheet as at that date and Directors’ and Auditors’ Reports thereon.
2. Re-appointed Prof. Deepak Nayyar, as a Director of the Company.
3. Re-appointed Shri A. K. Goswami as Directors of the Company.
4. Board of Directors authorised to decide and fix remuneration payable to Statutory Auditors for the financial year 2011-2012.
5. Declaration of final dividend of 12% on the paid up equity share capital of the Company.
Further, confirmation of interim dividend of 12% on the paid up equity share capital of the Company.
6. Appointed Shri Shuman Mukherjee, as a Director of the company, liable to retire by rotation.
7. Appointed Shri P. K. Sengupta, as a Director of the Company, liable to retire by rotation, for a period of three years from the date of his initial appointment i.e. with effect from January 13, 2011.
8. Appointed Shri P. C. Jha, as a Director of the company, liable to retire by rotation, for a period of three years from the date of his initial appointment i.e. with effect from January 13, 2011.
9. Approved Amendment of Articles of Association of the company amending definition clause for including the position of Chairman and Managing Director in the definition of Chairman and also those clauses containing provision of Managing Director in the Articles of Association of the company by removing the words Managing Directors.
10. Appointed Shri Anil Kumar Chaudhary, as a Director of the company, liable to retire by rotation. |
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