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| Exchange Disseminated Time | Vardhman Textiles Ltd has informed BSE that the members at the 37th Annual General Meeting (AGM) of the Company held on July 17, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2010 along with Profit & Loss , Account for the year 2009-2010 and other Schedules annexed thereto and Auditors' Report and Directors' Report thereon.
2. Declared a dividend of Rs. 3/- per share, for payment out of the profits of the Company for the year 2009-2010, on Equity Shares of Rs. 10/- each on the amount paid-up per share
3. Re-appointed Mr. A.K Purwar, & Mr. D. L Sharma, as directors of the Company in accordance with the Article 108 of the Articles of Association of the Company.
4. Re-appointed M/s. S.C. Vasudeva & Company, the retiring Auditors of the Company, as Auditors of the Company for the year 2010-2011 to hold office from the conclusion of this meeting until the conclusion of next Annual General meeting on remuneration, terms & conditions.
5. Appointed Mrs. Suchita Jain, Mr. Shravan Talwar & Mr. Neeraj Jain as Directors of the Company, liable to retire by rotation, under the Articles of Association of the Company.
6. Re-appointed Mr. S.P. Oswal, as the Chairman & Managing Director of the Company for a period of five years w.e.f. June 01, 2010 to May 31, 2015 on remuneration, terms & conditions.
7. Re-appointed Mrs. Suchtra Jain, as the Executive Director of the Company for a period of five years w.e.f. April 01, 2010 to March 31, 2015 on remuneration, terms & conditions.
8. Re-appointed Mr. Sachit Jain, as the Executive Director of the Company for a period of five years w.e.f. March 30, 2010 to March 29, 2015 on remuneration, terms & conditions.
9. Re-appointed Mr. Neeraj Jain, as the Executive Director of the Company for a period of three years w.e.f. April 01, 2010 to March 31, 2013 on remuneration, terms & conditions.
10. Enhancement of the sitting fee payable to the Directors from Rs. 10,000/- and Rs. 6,000/- per Meeting to Rs. 15,000/- and Rs. 10,000/- per Meeting for attending the Board Meeting and Committee Meeting respectively. |
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