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| Exchange Disseminated Time | Asian Hotels (East) Ltd has informed BSE that the members at the 4th Annual General Meeting (AGM) of the Company held on August 24, 2011, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2011 and the Profit & Loss Account for the year ended on that date along with the Reports of the Directors and Auditors thereon.
2. Declaration of a dividend @ 1% p.a. to the preference share holders of 27,780 1% Fully Convertible Preference Shares of Rs. 10/-each for the financial year ended March 31, 2011
3. Declaration of dividend @ Rs. 4.50 per equity shares (i.e., 45%) on 1,14,01,782 equity shares of Rs. 10/- each, for the financial year ended on March 31, 2011.
4. Re-appointment of Mr. S. S. Bhandari, as Director of the Company, liable to retire by rotation.
5. Appointment of M/s. S. S. Kothari Mehta & Co., Chartered Accountants, Kolkata, as Statutory Auditors of the Company to hold office from the conclusion of this Meeting to the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions. |
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