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| Exchange Disseminated Time | Panasonic Carbon India Company Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on June 14, 2007, inter alia, have accorded to the following:
1. Adoption of the 25th Annual Report of the Board of Directors and Audited Statements of Account of the Company consisting of the Profit and Loss Account for the year ended March 31, 2007, Balance Sheet as on that date, the relative Schedules 1 to 16 forming part of the said Accounts and Cash Flow Statement for the year ended March 31, 2007.
2. Declaration of dividend at the rate of 60% (Rs 6 per equity share) for the financial year April 01, 2006 to March 31, 3007.
3. Re-appointment of Mr. V R Gupte as a Director of the Company.
4. The Company received a letter from Mr. Yoshikazu Yokoe after the despatch the Annual Reports to the Shareholders informing that due to pre-occupation he is tendering his resignation as a Director from the Board of the Company. Hence the resolution for re-appointment of Mr. Yoshikazu Yokoe was not taken up for consideration and the vacancy arising out of the above, for the time being had not been filled up. The members unanimously consented the same.
5. Appointment of M/s. Brahmayya & Company, Chartered Accountants, Chennai, as Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
6. Appointment of Mr. Hisao Ozono as a Director of the Company, liable to retire by rotation.
7. Payment of remuneration to one or more Directors of the Company, other than the Managing Director(s), computed on the net profits of the Company, for a period of five financial years commencing from Financial Year ending March 31, 2008. |
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