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| Exchange Disseminated Time | Hercules Hoists Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on July 29, 2009, inter alia, have accorded the following:
1. Adoption of the 47th Annual Report of the Directors along with its annexure, the Audited Statement of Financial Accounts for the year ended March 31, 2009, and the relative report of the Auditors.
2. Declaration of the Dividend at the rate of Rs 2.00 per Equity Share of the Company, for the year ended March 31, 2009.
3. Re-appointment of Shri. E B Desai, Shri. Shailesh Haribhakti & Shri. Mukul M Updhayaya as Directors of the Company.
4. Re-appointment of M/s. M L Bhuwania & Co., Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this 47th Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Re-appointment of Shri. H A Nevatia as a Director in the Whole-time employment of the Company as an Adviser for a period of two years from November 22, 2008 to November 21, 2010, on remuneration, terms & conditions.
To pay to the Whole-Time Director by way of remuneration and perquisite as specified, in any financial year during the period November 22, 2008 to November 21, 2010, when the Company has made no profits or its profits are inadequate, subject to restrictions, if any, set forth in Schedule XIII of the Companies Act, 1956. |
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