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| Exchange Disseminated Time | Panama Petrochem Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have transacted the following business:
1. Approval of the Audited Accounts of the Company for the financial year ended March 31, 2009.
2. Re-appointment of Mr. Dilip Sobhag Phatraphekar & Mr. Madan Mohan Jain, Directors retiring by rotation .
3. Declaration of Dividend @ 40% i.e. Rs 4 per share.
4. Re-appointment of M/s. Habib & Co., Chartered Accountants as the statutory auditors of the Company.
5. Appointment of Mr. Amin A Rayani as the Managing Director & CEO of the Company at remuneration, terms & conditions.
6. Appointment of Mr. Amirall E Rayani as the Chairman of the Company at remuneration, terms & conditions.
7. Appointment of Mr. Samir A Rayani whole Time Director designated as Director of the Company at remuneration, terms & conditions.
8. Increase in remuneration of Mr. Hussain Rayani - Manager Exports.
9. Increase in remuneration of Mr. Vazirall E Rayani - Manager Marol Plant.
10. Alteration in Other object Clause of the Memorandum of Association.
11. Alteration in Articles of Association of the Company. |
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