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| Exchange Disseminated Time | S.A.L. Steel Ltd has informed BSE that the members at the 8th Annual General Meeting (AGM) of the Company held on September 24, 2011 inter alia, have accorded the following:
1. Adoption of the Audited Balance-sheet of the Company as at March 31, 2011 and Profit & Loss Account for the year ended on that date together with the Directors’ and the Auditors’ reports thereon.
2. Re-appointment of Shri Jethabhai M. Shah, Shri K. C. Thatoi and Shri Anilkumar Pandya, as Directors of the Company liable to retire by rotation.
3. Re-appointment of M/s. Talati & Talati, Chartered Accountants, Ahmedabad as Statutory Auditors of the Company, to hold office from conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
4. Appointment of Shri Shrikant N. Jhaveri and Shri Bhaskar Ghosh as Directors of the Company liable to retire by rotation.
5. Reappointment of Shri Sujal A. Shah, as ‘Director Purchase’ of the Company, for a period of 5 (Five) years with effect from April 26, 2011, on remuneration, terms & conditions.
6. Re-appointment of Shri Babulal M. Singhal, as ‘Director-Commercial’ of the Company, for a period of 5 (Five) years with effect from May 16, 2011, on remuneration, terms and conditions.
7. Accorded consent for commencing and undertaking business activity as covered under the "Other Objects - Clause No. 25" of the Memorandum of Association of the Company. |
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