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| Exchange Disseminated Time | Shivam Autotech Ltd has informed BSE that the members at the 2nd Annual General Meeting (AGM) of the Company held on August 29, 2007, inter alia, have accorded the following:
1. Adopted the audited Balance Sheet as at March 31, 2007, the Profit & Loss Account for the year ended on that date together with the Directors Report and Auditors Report thereon.
2. Declared dividend @ 25% for the financial year 2006-07.
3. Re-appointed Mr. Satyanand Munjal, Mr. Brijmohan Lall Munjal & Mr. Om Prakash Munjal, as Directors of the Company, retiring by rotation.
4. Appointed M/s. S S Kothari Mehta & Co., Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM.
5. Approved increase in the remuneration of Mr. Neeraj Munjal as Managing Director with effect from April 01, 2007 for the remainder of his tenure as per the terms mentioned in the Notice of the 2nd Annual General Meeting of the Company. |
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