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| Exchange Disseminated Time | Munjal Showa Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on August 07, 2008, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account for the year ended on that date, together with the report of the Directors’ and Auditors’ thereon.
2. Declaration of dividend at the rate of Rs 2.00 per share on 39,995,000 Equity Shares of Rs 2 each of the Company aggregating to Rs 7,99,90,000 for the year ended March 31, 2008.
3. Re-appointment of Mr. Pankaj Munjal & Mr. Anil Kumar Vadehra, as Director of the Company, liable to retire by rotation.
4. Re-appointment of M/s. S R Batliboi & Co., Chartered Accountants, New Delhi as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Appointment of Mr. Mitsuhiro Nishida, as a Director of the Company, liable to retire by rotation.
6. Variation in terms of appointment of Mr. Yogesh Chander Munjal, Managing Director of the Company with effect from September 01, 2008 for the remaining period of his tenure.
7. Variation in terms of appointment of Mr. Kazuhiro Nishioka, Joint Managing Director of the Company with effect from September 01, 2008 for the remaining period of his tenure. |
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