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| Exchange Disseminated Time | Orient Press Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 28, 2011, inter alia, have accorded to the following:
1. Adoption of the Annual Audited Financial Results of the Company for the year ended March 31, 2011 along with statement of Assets and Liabilities, Segment-wise Results draft of which placed before the Board, duly reviewed by the Audit Committee.
2. Approved the Directors’ Report on the Accounts of the Company for the year ended March 31, 2011 and Corporate Governance Report to the Members of the Company.
3. Authority to the Board to avail financial assistance from Aditya Birla Finance Ltd for the amount not exceeding in the aggregate, Rupees 3.00 Crores, in terms of their sanction letter dated June 15, 2011 as placed before the Board.
4. Approved the sale of the Company’s land and building situated at Plot No. 27B, SP Industrial Estate, Guindy, Chennai 600 032, to & in favour of Repute Infotech and Enterprises Limited, having its registered office at No. 10, K B Dasan Salai, Alwarpet, Chennai 600 018 for a mutually agreed consideration.
5. Factory premises of the Company located at 297/1/2 Village Sayli, Silvassa 396 240 Union Territory of Dadra & Nagar Haveli having approx. 10000 sq. ft. area be and is hereby given on Leave and Licence basis to M/s. N L Packaging Private Limited on such terms and conditions and period as may be decided by Mr. Prakash Maheshwari - Whole-time Director in consultation with the Company and he is authorized to execute and sign a Leave & Licence agreement with M/s. N L Packaging Private Limited on behalf of the Company.
6. Appointment of Mr. R P Mody, Chartered Accountant as Auditor of the Company for the purpose of VAT Audit for the financial year 2010-11.
7. Appointment of M/s. B L Sarda & Associates, Chartered Accountants as Tax Auditors of the Company for the Previous year ending March 31, 2011 relevant to the Assessment year 2011-2012 under Section 44AB of the Income Tax, 1961. |
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