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| Exchange Disseminated Time | Andhra Pradesh Paper Mills Ltd has informed BSE that the shareholders at the 46th Annual General Meeting (AGM) of the Company held on July 15, 2010, inter alia, have approved the following:
1. Adoption of Balance Sheet as at March 31, 2010, Profit & Loss Account for the year ended as on that date and the Reports of Directors and Auditors thereon.
2. Declaration of Dividend @ Re. 1/- per share on 3,27,51,797 equity shares of Rs. 10/- each aggregating to Rs. 327.52 lakhs.
3. Re-appointment of Shri P. J. V. Sarma and Shri P. K. Paul as Directors.
4. Appointment of M/s. B. S. R. & Co., Chartered Accountants, Hyderabad as Auditors of the Company.
5. Payment of Commission to Non-executive Directors as per Section 309 of the Companies Act, 1956 for a period of five years commencing from April 01, 2010.
6. Re-appointment of Ms. Sheetal Bangur as Whole-time Director designated as Director (Commercial) for a period of five years from April 01, 2010 and her remuneration package.
7. Appointment of Shri L. N. Bangur as Executive Chairman of the Company for a period of five years from May 27, 2010 and his remuneration package.
8. Revised Remuneration to Shri M. K. Tara, Managing Director, Ms. Sheetal Bangur, Director (Commercial), Shri Shreeyash Bangur, Director (Corporate) and Shri P. K. Suri, Director (Operations). |
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