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| Exchange Disseminated Time | W. S. Industries (India) Ltd has informed BSE that the members at the 48th Annual General Meeting (AGM) of the Company held on September 29, 2011 inter alia, have accorded the following:
1. Adoption of the Directors’ Report to the Members and the audited Balance Sheet and the Profit and Loss Account of the Company for the year ended March 31, 2011.
2. Approved Preference Dividend on 9,25,000 Cumulative Redeemable Preference Shares of Rs. 100/- each outstanding as on March 31, 2011 at the contracted rate of 5% p.a, from April 01, 2010 to October 02, 2010 (for 185 days) and at the contracted rate of 7.5% from October 03, 2010 to March 31, 2011 (for 180 days).
Further approved the Preference Dividend on 3,50,000 Cumulative Redeemable Preference Shares of Rs. 100/- each outstanding as on March 31, 2011 at the contracted rate of 10% p.a.
3. Re-appointment of Mr. V. Srinivasan and Mr. G. Balasubramanyan as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s. S. Viswanathan, Chartered Accountants, Chennai, as Auditors of the Company to hold office from the conclusion of this Meeting till the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions. |
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