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| Exchange Disseminated Time | Jammu & Kashmir Bank Ltd has informed BSE that the members at the 73rd Annual General Meeting (AGM) of the Company held on July 09, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit & Loss Account for the period ended on that date, as laid before the Members at the Meeting, together with the Report of Directors and Auditor's Report thereon.
2. Declaration of Dividend @ 260% for the financial year 2010-2011 and paid to the holders of 4,84,77,802 equity shares of Rs. 10/-each.
3. Appointment of Prof. Nisar Ali, as Director of the Bank.
4. Re-appointment of Mr. Rakesh Kumar Gupta as a Director of the Bank.
5. Empowered to pay Remuneration to Statutory Auditors for the financial year ended March 31, 2012, as per the schedule of RBI applicable to Public Sector Banks, including remuneration for the Limited Review of Quarterly Reviewed Financial Results for the period ending June 30, 2011, September 30, 2011 and December 31, 2011.
6. Amendment of the Articles of Association. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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