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| Exchange Disseminated Time | Simplex Infrastructures Ltd has informed BSE that the 93rd Annual General Meeting (AGM) of the Company has been duly convened and held on September 16, 2011 and the members present, inter alia, have approved the following:
1. Adoption of Annual Accounts For the year ended March 31, 2011.
2. Declaration of dividend of Rs. 2/- per Equity share of face value of Rs 2/- each.
3. Appointment of Mr. Amitabh Das Mundhra, Mr. Rajiv Mundhra and Mr. N. N. Bhattacharyya as Directors retiring by rotation.
4. Re-appointment of M/s. Price Waterhouse, Chartered Accountants, as Auditors of the Company and appointment of M/s. H. S. Bhattacharjee & Co., Chartered Accountants as joint Auditors.
5. Increase in borrowing limits under Section 293(1)(d) of the Companies Act, 1956, from the present limit of Rs.2500 crores to Rs.3500 crores.
6. Increase in the limits for creation of mortgage / charge under Section 293(1)(a) of the Companies Act, 1956, from the present limit of Rs.2500 crores to Rs.3500 crores.
7. Re-appointment and fixation of remuneration of Mr. R. D. Mundhra as Chairman and Managing Director of the Company. |
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