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| Exchange Disseminated Time | Sambandam Spinning Mills Ltd has informed BSE that the members at the 34th Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet of the Company as at March 31, 2008, Profit and Loss account and Cash Flow Statement for the year ended on that date and the report of the directors and the Auditors thereon.
2. Declaration of dividend at the rate of 25%, be paid on the equity shares of Rs 10/- each fully paid up.
3. Re-appointment of Sri. A G Venkatesan & Sri. N Asoka, as a Directors of the Company.
4. Re-appointment of M/s. M S Krishnaswami & Rajan, Chartered Accountants, as auditors of the Company from the conclusion of this meeting until the conclusion of the next Annual General Meeting on remuneration, terms and conditions.
5. Remuneration payable to Sri. S Devarajan, Chairman cum Managing Director of the Company, for a period of one year and six months from October 01, 2008 to March 31, 2010 on terms and conditions.
6. Remuneration payable to Sri. S Jegarajan & Sri. S Dinakaran, Joint Managing Directors of the Company, for a period of one year and six months from October 01, 2008 to March 31, 2010 on terms & conditions.
7. The ordinary resolution passed at the Annual General Meeting of the Company held on July 27, 2005, for the words ‘sixty lacs of rupees’ the words Rupees eighty lakhs’ be substituted with effect from the date of passing the said ordinary resolution on July 27, 2005. |
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