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| Exchange Disseminated Time | Salona Cotspin Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 08, 2011, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet and Profit and Loss Account for the year ended March 31, 2011, Directors Report and Auditors Report thereon.
2. Declaration of Dividend @ Rs.1 per share to the Equity Shareholders of the company.
3. Appointment of Sri. G V S Desikan & Sri. Dulichand Pansari as Directors of the Company.
4. Appointment of M/s. VKS Aiyer a Co, Chartered Accountants as Auditors of the Company from the conclusion of this meeting till the conclusion of the next Annual General Meeting on such remuneration, terms & conditions.
5. Re-appointment of Sri. Manoj Kumar Jhajharia as Joint Managing Director of the company for a further period of Five years from July 01, 2011 to June 30, 2016, on remuneration and necessary terms & conditions.
6. To pay remuneration to Sri. Pramod Kumar Jhajharia, with effect from April 01, 2010 in consideration of his services as Chief Executive on necessary terms and conditions. |
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