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| Exchange Disseminated Time | Nelcast Ltd has informed BSE that the 27th Annual General Meeting (AGM) of the Company was held on July 25, 2009, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2009 together with the Profit and Loss Account for the year ended on that date and the Report of the Auditors and of the Directors thereon,
2. Declaration of dividend of Re 1/- per share to the equity shareholders of the Company.
3. Re-appointment of Mr. D Shesha Reddy as Directors of the Company.
4. Appointed of J.B. Reddy & Co., 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 on remuneration, terms & conditions.
5. The appointment of Mr. R Radhakrishna Reddy as Managing Director of the Company for a period of five years from January 31, 2009 to January 30, 2014 on remuneration, terms & conditions.
6. Appointment of Mr. P Deepak, son of Mr. P. Radhakrishna Reddy, the Chairman and Managing Director of the Company, to hold an office or place of profit as "Manager - Strategy and Planning" at the Company's subsidiary Nelcast USA Inc, USA with effect from May 15, 2009 or from such date as the Central Government may approve, on remuneration, terms & conditions. |
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