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| Exchange Disseminated Time | NRB Bearings Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 27, 2011, inter alia, have approved the following:
1. Adoption of Audited Accounts, Balance Sheet, Cash Flow statements for the year ended March 31, 2011.
2. Dividend @ Rs. 2/- per Equity Share for the year ended March 31, 2011.
3. Reappointment of retiring Directors Dr.(Ms.) Kala S. Pant, Dr. P. D. Ojha has opted not to seek re-appointment on health grounds and has therefore retired as on the date of the AGM.
4. Appointment of M/s. Deloitte Haskins & Sells as auditors of the Company, retiring auditors.
5. Re-appointment of Wholetime Director Mr. Devesh S. Sahney for a further period of 5 years from April 01, 2011.
6. Payment of commission to Non Executive Directors for a period of 5 years commencing April 01, 2010 to March 31, 2015 @ 0.125% of the net profit of the Company. |
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