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| Exchange Disseminated Time | Visagar Polytex Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on December 14, 2010, inter alia, have taken the following decisions:
1. Adoption of Audited Balance Sheet of the Company as on June 30, 2010 and the Profit & Loss Account for the year ended on that date together with the Reports of Directors and Auditors thereon.
2. Re-appointment of Mr. Kailash Chhaperwal and Vishal Kumar Jain as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. Sudhir M. Desai & Co., Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this AGM till the Conclusion of next AGM of the Company.
4. Increase in the remuneration of Mr. Tilokchand Kothari to Rs. 4.00 Lacs per Annum.
5. Interim Dividend of Re. 1.00 per share declared by the Board of Director of the Company, treated as final dividend for the year ended June 30, 2010.
6. Authorizing Board to borrow loans upto maximum of Rs. 10.00 Crores. |
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