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| Exchange Disseminated Time | Globus Spirits Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 09, 2010, inter alia, have accorded to the following:
1. Adoption of the audited Profit & Loss, Account for the year ended March 31, 2010 and the Balance Sheet as on that date and the Directors' Report and Auditors Report thereon.
2. Declaration of Dividend at the rate of 10% i.e. Re. 1/- per share out of the current/accumulated profits of the Company for the year ended on March 31, 2010.
3. Re-appointment of Mr. Gautam Premnath Khandelwal & Mr. Rajesh Kumar Malik, as Directors of the Company liable to retirement by rotation.
4. Re-appointment of M/s. B.M. Chatrath & Co., Chartered Accountants, as the Auditors of the Company to hold the office from the conclusion of this meeting until the conclusion of next Annual General Meeting, on remuneration terms & conditions.
5. Appointment of Dr. Bhaskar Roy, as a Director of the Company.
6. Appointment of Dr. Bhaskar Roy as Director-Finance of the Company w.e.f. October 22, 2009, whose period shall be determined by liable to retire by rotation, on remuneration terms & condition.
7. Authority to Board to borrow money from time to time up to a limit not exceeding in the aggregate of Rs.100crores (Rupees One Hundred crores only) notwithstanding that money to be borrowed, together with the money already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business), may or may not exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purposes. |
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