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| Exchange Disseminated Time | Aarvee Denims & Exports Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have accorded to the following:
1. Adoption of audited Balance Sheet, Profit & Loss Account and Cash Flow Statement for the year ended on March 31, 2011.
2. Re-appointment of Shri Rajesh P. Arora and
3. Re-appointment of Shri Sanjay Majmudar, as directors liable to retire by rotation.
4. Appointment of M/s. Deloitte Haskins & Sells Unarterea Accountants, Ahmedabad and M/s. N. C. Shah & Associates, Chartered Accountants, Ahmedabad as joint statutory auditors to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting.
5. Approval of creation of mortgage and charge in favour of banks and financial institutions.
6. Approval to borrow funds exceeding the aggregate of the paid-up capital & free reserves of the Company from Rs. 500 crores to 1000 crores,
7. Appointment of Shri Nipun V. Arora, as Vice President (Administration) for the period of 5 years effective from October 01, 2011 at revised remuneration structures.
8. Appointment of Shri Pankaj V. Arora as Vice President (Marketing) for the period of 5 years from October 01, 2011 at revised remuneration structures.
9. Appointment of Shri Pankil K. Shah, as Vice President (Garment) for the period of 5 years effective from October 01, 2011 at revised remuneration structure. |
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