|
| Exchange Disseminated Time | Nippo Batteries Company Ltd has informed BSE that the members at the 35th Annual General Meeting (AGM) of the Company held on June 18, 2008, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2008, the Profit & Loss Account and the Directors Report for the year ended on that date together with Auditors Report thereon.
2. Declaration of a dividend of 200% for the Financial year April 01, 2007 to March 31, 2008.
3. Re-appointment of Justice Mr. S Natarajan & Mr. V R Gupte as Directors of the Company, liable to retire by rotation.
4. Appointment of M/s. P Srinivasan & Co. Chartered Accountants, as auditors to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.
5. Authority to the Board to create charge and / or mortgage by the Board of Directors of the Company of all or any of the movable and immovable properties of wind power project of the Company including charge on wind turbine generator and mortgage of the land situated at Tiruvambalapuram Village, Radhapuram Taluk, Tirunelveli District, Tamil Nadu in favour of Bank of Tokyo - Mitsubushi UFJ, Ltd. Chennai (lender) for securing Term Loan of Rs 6.50 Crores, subject to necessary provisions & approvals.
6. Appointment of Mr. Junichi Goto & Mr. Masaaki Waranabe as Directors of the Company, liable to retire by rotation.
7. Authority to the Board to be paid and distributed amongst the Non-Executive Directors of the Company or some or any of them in such amounts or proportions and in such manner as may be decided by the Board ‘of Directors for each such year, for a period of THREE financial years commencing from and including the financial year 2007-2008, and that such payment will be made in addition to the sitting fees payable for attending meetings of the Board or Committee thereof. |
|
|