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| Exchange Disseminated Time | Munjal Showa Ltd has informed BSE that the members at the 26th Annual General Meeting (AGM) of the Company held on August 11, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit & Loss Account for the year ended on that date, together with the report of the Directors' and Auditors' thereon.
2. Recommendation of dividend at the rate of Rs 2.50 per share on 39,995,000 Equity Shares of Rs. 2.00 each, of the Company aggregating to Rs. 9,99,87,500 for the year ended March 31, 2011.
3. Re-appointment of Mr. Brijmohan Lall Munjal, Mr. Nand Lal Dhameja & Mr. Devi Singh as Directors of the Company.
4. Re-appointment of M/s. S. R. Batliboi & Co., Chartered Accountants as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on remuneration, terms & conditions.
5. Increase in the remuneration of Mr. Tetsuo Terada-Joint Managing Director with effect from September 01, 2011 for the remaining period of his tenure.
6. Re-appointment of Mr. Yogesh Chander Munjal as the Managing Director of the company for a further period of five years with effect from September 01, 2011, on remuneration, terms & conditions. |
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