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| Exchange Disseminated Time | Pondy Oxides & Chemicals Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 24, 2011 inter alia, have transacted the following:
1. Adoption of the Balance Sheet as on March 31, 2011 and the profit and Loss Account for the year ended on that date together with the Directors Report and the Auditors Report thereon.
2. Declaration of Dividend at 14% on Equity Share Capital for the year ended March 31, 2011.
3. Appointment of Sri.Sunil Kumar Bansal, Sri Devakar Bansal, Sri. P. N. Sridharan and Sri. Ashish Bansal as a Director of the Company, liable to retire by rotation.
4. Appointment of M/s. Jeeravia & Co, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of the Sixteenth Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Increasing the remuneration payable to Sri. Anil Kumar Bansal who is the Managing Director of the Company, with effect from April 01, 2011.”
6. Increasing the remuneration payable to Sri. Sunil Kumar Bansal who is the Wholetime Director of the Company with effect from April 01, 2011.
7. Increasing the remuneration payable to Sri. R. P. Bansal who is the Wholetime Director of the Company, with effect from April 01, 2011.
8. Increasing the remuneration payable to Sri. Devakar Bansal who is the Wholetime Director of the Company with effect from April 01, 2011.
In this regard, the Company has submitted to BSE a copy of the Chairman Speech. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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