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| Exchange Disseminated Time | Sundaram Clayton Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have accorded to the following:
1. The audited balance sheet as at March 31, 2009 and the profit and loss account of the Company for the year ended on that date, together with the directors' report and the auditors' report thereon;
2. Declaration of final dividend of Re. 1/- per share (20%) for the year ended March 31, 2009;
3. Re-appointment of Mr. Gopal Srinivasan and Vice Admiral Mr. P. J. Jacob, as directors of the Company, liable to retire by rotation.
4. Re-appointment of Messrs. Sundaram & Srinivasan, Chartered Accountants, Chennai, as auditors of the Company to hold office from the conclusion of this annual general meeting till the conclusion of next annual general meeting of the Company;
5. Appointment of Mr. Suresh Kumar Sharma, Mr. S. Santhanakrishnan and Mr. V Subramanian as directors of the Company;
6. Re-appointment of Mr. Venu Srinivasan as managing director of the Company;
7. Enhancement in borrowing powers of the board from the existing limit of Rs. 200 crores to Rs. 350 crores;
8. Creation of charge / mortgage over the Company's properties for securing its borrowings;
9. Increase in the authorized share capital of the Company from Rs. 10 crores to Rs. 20 crores and consequent amendment to the capital clause of the Memorandum of Association;
10. Amendments to Articles of Association of the Company. As required under clause 33 of the listing agreement.
11. Issue of bonus shares in the ratio of 1:1. |
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