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| Exchange Disseminated Time | Savera Industries Ltd has informed BSE that the members at the 39th Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded to the following:
1. Shareholders received, considered and adopted the Audited Balance Sheet at March 31, 2008 and the Profit and Loss Account for the year ended on that date along with the Reports of the Directors and Auditors thereon.
2. Declared dividend for the year ended March 31, 2008 @ 20% on equity Shares.
3. Re-appointed Sri M Chakravarthy and Ms. A Nivruti Reddy, as Directors who retired by rotation.
4. Reappointed Auditors M/s D A Reddy & Co. Chartered Accountants for the current year and fixed their remuneration.
5. Appointed Sri. A Sudhakar Reddy, Sri. B Ranga Reddy and Sri. G Sitharaman, as Additional Directors of the Company, liable to retire by rotation.
6. Approved the resolution for amendment in the Articles of Association of the Company to include new Article 8(C) towards authorizing the Board to issue share warrants by the company.
7. Approved the resolution for allotment of 5,96,400 share warrants to promoters and promoter group of the Company.
8. Approved the resolution for delisting of Equity Shares with Madras Stock Exchange Ltd (MSE). |
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