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| Exchange Disseminated Time | Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended on that date together with the reports of the Auditors & Directors alongwith the Comments of the Comptroller & Auditor General of India, thereon.
2. Declaration of Dividend @ 40% absorbing Rs 2520 million (inclusive of 30% interim dividend already paid) out of the current profits of the Company for the year ended March 31, 2007.
3. Appointment of Dr. S Balasubramanian & Shri. A S Bhola as Directors of the Company.
4. Authority to the Board to fix the remuneration of the Statutory and Branch Auditors to be appointed by the Comptroller & Auditor General of India for the financial year 2007-2008, as may be deemed fit. |
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