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| Exchange Disseminated Time | Tourism Finance Corporation of India Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 17, 2010, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet of the Company as at March 31, 2010 and the Profit & Loss Account for the financial year ended March 31, 2010 together with the Directors' Report and the Auditors' Report thereon.
2. Declaration of dividend @ 12% on 8,07,16,748 Equity Shares of Rs. 10/- each of the company, out of the Net Profits of the Company for the financial year ended March 31, 2010.
3. Re-appointment of Shri Javed Yunus, as a Director of the Company, is liable to retire by rotation.
4. The item no.4 of the agenda was taken up for consideration relating to appointment of Shri C.M.Vasudev as a director in place of Shri S.S.H.Rehman who was retiring by rotation.
Shri Rajeev Arora, authorized representative of IFCI Ltd. opposed the proposed resolution. Thereafter, the aforesaid resolution was put to vote and on show of hands, the proposed resolution was declared as not approved.
5. The item no.5 of the agenda was taken up for consideration relating to appointment of Shri Prem S. Khamesra as a director in place of Shri U.C.Pandey who was retiring by rotation.
Shri Rajeev Arora, authorized representative of IFCI Ltd. opposed the proposed resolution. Thereafter, the aforesaid resolution was put to vote and on show of hands, the proposed resolution was declared as not approved.
6. Appointment of M/s. S. S. Kothari & Associates, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company and the Chairman and Managing Director be and is hereby authorised to fix their remuneration. |
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