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| Exchange Disseminated Time | EIH Associated Hotels Ltd has informed BSE that the shareholders at the 23rd Annual General Meeting (AGM) of the Company held on July 31, 2006, inter alia, have accorded to the following:
1. Adoption of the Audited Accounts of the Company for the year ended March 31, 2006, together with the Auditor’s and Directors’ Reports.
2. Re-appointment of Mr S S Mukherji and Mr L Ganesh, as Directors of the Company.
3. Re-appointment of Ray & Ray, Chartered Accountants, Kolkata, as Auditors of the Company to hold office from the conclusion of the Twenty-third Annual General Meeting to the conclusion of the Twenty-fourth Annual General Meeting on remuneration, terms and conditions.
4. Authority to the Board to borrow monies for the purpose of the business of the Company, notwithstanding that the monies so borrowed together with the monies already borrowed by the Company, if any (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business), may exceed the aggregate for the time being of the Paid-up Capital of the Company and its Free Reserves, i.e. Reserves not set apart for any specific purpose, but so that the total amount of the monies to be so borrowed together with the monies already borrowed (apart form temporary loans obtained from the Company’s bankers in the ordinary course of business), shall not exceed Rs 300 Crores beyond the Company’s Paid-up Capital and its Free Reserves at any one time, subject to necessary provisions & approvals. |
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