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| Exchange Disseminated Time | With reference to earlier announcement regarding Outcome of AGM, MM Forgings Ltd has submitted to BSE a rectified copy of Minutes of 64th Annual General Meeting held on August 27, 2010.
Rectified Outcome of AGM :
MM Forgings Ltd has informed BSE that the members at the 64th Annual General Meeting (AGM) of the Company held on August 27, 2010, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet of the Company as at March 31, 2010 and Profit and Loss account for the year ended as on that date, Report of the Auditors on the accounts and the Reports of the Board of Directors attached to the Balance Sheet pursuant to the provisions of Section 217 of the Companies Act, 1956.
2. Declaration of dividend at the rate of Rs. 1.5/- per share on 120,70,400 equity shares of the Company for the year ended March 31, 2010.
3. Appointment of M/s. G. Ramesh Kumar & Co., Chartered Accountants as Auditors of the Company from the conclusion of this Annual General Meeting of the Company until the conclusion of next Annual General Meeting of the Company, on remuneration terms & conditions.
4. Re-appointment of Shri. N Srinivasan & Shri. V Narayanan, as Directors of the Company.
5. Subject to the approval of shareholders and subject to the provisions of Sections 198 and 209 of the Companies Act, 1956, and other applicable provisions, if any (including any amendment thereto), the Non- Executive Directors be paid, in addition to the sitting fees for attending the meetings of Board or Committee thereof, a Commission, for a period of five years commencing from April 01, 2011. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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