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| Exchange Disseminated Time | Gandhimathi Appliances Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on August 11, 2011, inter alia, have passed the following:
1. Adoption of the Audited Balance Shoot as on March 31, 2011 the Profit and Loss Account for the financial year of nine months ended on that date and the Report of the Directors and the Auditors of the Company.
2. Declaration of the dividend of Re. 1/- per equity shares on 96,34,601 Equity Shares of Rs. 10/- each fully paid up, absorbing a sum of Rs. 96,34,601/-, exclusive of Income Tax for the financial year of nine months ended March 31, 2011.
3. Reappointment of Mr. V. M. Lakshminarayan, as a Director of the Company, liable to retire by rotation.
4. Reappointment of Mr. K. Ganesan, as a Director of the Company, liable to retire by rotation.
5. Reappointment of Mr. V. R. Lakshminarayanan, as a Director of the Company, liable to retire by rotation.
6. Reappointment of M/s. Rudhrakumar Associates, Chartered Accountants, Chennai as Auditors of the Company to hold Office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
7. Alteration in Memorandum of Association.
8. Increased the authorised Share Capital from Rs.10,00,00,000/- (Rupees ten crores) which is divided into 1,00,00,000 (one crore) Equity Shares of Rs. 10 each to Rs.25,00,00,000I- (Rupees Twenty five crores) divided into 2,50,00,000 (Two crores and fifty Lakhs) Equity Shares of Rs. 10/- each, aggregating Rs.25,00,00,000/-., & consequential amendment in the Memorandum & Articles of Association of the Company.
9. Alteration of Articles of Associations of the Company.
10. Appointment of Mr. V. M. Seshadri, as a Director of the Company, on remuneration, terms & conditions.
11. Appointed Mr. V. M. Seshadri, as Managing Director of the Company for a period of three years with effect from June 01, 2011, on remuneration, terms & conditions.
12 Accorded consent to Mr. V. M. L. Karthikeyan, a relative of Messers. V. M. Lakshminarayan, Chairman, V. M. Balasubramanian, Director, V. M. Seshadri, Managing Director, V. M. Gamngadharam, Executive Director and V. M. Kumaresan, Executive Director - Technical of the Company to hold office or Place of profit as Executive Vice President - Marketing with retrospective effect from June 01, 2011 on remuneration, terms & conditions.
13. Accorded consent to Mr. V. M. L. Viswanathan, a relative of Messers. V. M.Lakshminarayan, Chairman, V. M. Balasubramanian, Director, V. M. Seshadri, Managing Director, V. M. Gamngadharam, Executive Director and V. M. Kumaresan, Executive Director - Technical of the Company to hold office or Place of profit as Senior General Manager - Material Management with retrospective effect from June 01, 2011 on remuneration, terms & conditions.
14. Accorded consent to Mr. V. M. L. Senthilanatha, a relative of Messers. V. M.Lakshminarayan, Chairman, V. M. Balasubramanian, Director, V. M. Seshadri, Managing Director, V. M. Gamngadharam, Executive Director and V. M. Kumaresan, Executive Director - Technical of the Company to hold office or Place of profit as Senior General Manager - Technical Management with retrospective effect from June 01, 2011 on remuneration, terms & conditions.
15. Accorded consent to Mr. V. M. L. Ganesan, a relative of Messers. V. M.Lakshminarayan, Chairman, V. M. Balasubramanian, Director, V. M. Seshadri, Managing Director, V. M. Gamngadharam, Executive Director and V. M. Kumaresan, Executive Director - Technical of the Company to hold office or Place of profit as General Manager - Technical with retrospective effect from June 01, 2011 on remuneration, terms & conditions.
16. Accorded consent to Mr. V. M. L. Selvamuthukumaran, a relative of Messers. V. M.Lakshminarayan, Chairman, V. M. Balasubramanian, Director, V. M. Seshadri, Managing Director, V. M. Gamngadharam, Executive Director and V. M. Kumaresan, Executive Director - Technical of the Company to hold office or Place of profit as General Manager - Marketing with retrospective effect from June 01, 2011 on remuneration, terms & conditions.
17. Accorded consent to Mr. V. M. G. Mayuresan, a relative of Messers. V. M.Lakshminarayan, Chairman, V. M. Balasubramanian, Director, V. M. Seshadri, Managing Director, V. M. Gamngadharam, Executive Director and V. M. Kumaresan, Executive Director - Technical of the Company to hold office or Place of profit as Deputy General Manager - Production with retrospective effect from June 01, 2011 on remuneration, terms & conditions. |
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