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| Exchange Disseminated Time | Bimetal Bearings Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 10, 2010, inter alia, have accorded the following:
1. Re-appointment of Mr. N.P. Mani as a whole-time Director of the Company for a period of 2 years from November 01, 2009 and the payment of his remuneration, allowances, performance bonus and perquisites as set out in the agreement approved at the meeting of the Board of Directors of the Company held on October 31, 2009 or such other remuneration as the Board of Directors may revise from time to time duly recommended in that respect by the Remuneration Committee.
2. Re-appointment of Mr. A. Krishnamoorthy as Chairman & Managing Director of the Company for a period of five years from April 01, 2010 and payment of remuneration, commission and perquisites as set out in the draft agreement approved at the meeting of the Board of Directors of the Company held on March 24, 2010 or such other remuneration as the Board of Directors may revise / vary from time to time duly recommended in that respect by the Remuneration Committee. |
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