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| Exchange Disseminated Time | DB International Stock Brokers Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on August 23, 2010, inter alia, have accorded their consent to the following:
1. Adoption of Audited Accounts of the Company for the year ended March 31, 2010 and the reports of Auditors' and Directors' thereon.
2. Re-appointment of Mr. Chandra Mohan Bahety and Mr. Sachin Rathi as directors of the Company, liable to retire by rotation.
3. Appointment of M/s. Agrawal Dugar & Associates, Chartered Accountants, the retiring auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company.
4. Declared dividend on equity shares @ Rs. 1/- Share for the year ended on March 31, 2010.
5. Re-appointment Mr. Shiv Narayan Daga as Managing Director of the Company for a further tenure of five years with effect from September 06, 2010 and approval has been granted by shareholders for increasing the remuneration payable to him not exceeding Rs. 15,00,000/- per annum with effect from April 01, 2010.
6. Sub-Division of face value of each Equity Share from Rs. 10/- to Rs. 2/-. |
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