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| Exchange Disseminated Time | Kandagiri Spinning Mills Ltd has informed BSE that the members at the 32nd Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded to the following :
1. Adoption of the Audited Balance sheet as at March 31, 2008 and Profit and Loss account and Cash Flow Statement for the year ended on that date, Auditor's Report and Directors' Report thereon.
2. Declaration of dividend for the year ended March 31, 2008, at the rate of 20% on equity shares of Rs 10/- each fully paid up.
3. Re-appointment of Sri. M Rajamani & Sri. S Devarajan, as Directors of the Company.
4. Re-Appointment of M/s. M S Krishnaswami & Rajan, Chartered Accountants, as the Auditors of the Company to hold such office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Change in the terms of remuneration payable to Sri. R Selvarajan, Chairman cum Managing Director of the Company, for a period of one year and six months from October 01, 2008 to March 31, 2010 on remuneration, terms & conditions.
6. Change in the terms of remuneration payable to Sri. S Vijay Shankar, Joint Managing Director of the Company, for a period of one year and six months from October 01, 2008 to March 31, 2010 on remuneration, terms & conditions.
7. Substitution in the ordinary resolution passed at the Annual General Meeting of the Company held on July 27, 2005, for the words ' forty lacs of rupees' the words Rupees sixty lakhs' with effect from the date of passing of the said ordinary resolution on July 27, 2005. |
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