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| Exchange Disseminated Time | Maral Overseas Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 14, 2010, inter alia, have accorded to the following:
1. Adoption of the Profit & toss Account for the period 6 months ended March 31, 2010 and the Balance Sheet as on that date of the Company and the report of the Directors and Auditors thereon.
2. Declaration of the Preference Dividend for the year ended March 31, 2010 @ 8% p.a. i.e Rs. 4/- per: share payable proportionately on 18,85,400 Cumulative Redeemable Preference Shares of Rs. 100/- each amounting to Rs. 75,41,600.00 (Rupees Seventy Five Lacs Forty One Thousand Six Hundred only) and @ 3% p.a. i.e Re.0.50 per share payable proportionately on 6,00,000 Cumulative Redeemable Preference Shares of Rs. 100/- each amounting to 3,00,000.00 (Rupees Three Lac only).
3. Re-appointment of Dr. Kamal Gupta as a Director of the Company liable to retire by rotation.
4. Re-appointment of Mr. L. N. Jhunjhunwala as a Director of the Company liable to retire by rotation.
5. Re-appointment of M/s. Doogar & Associates, Chartered Accountants, New Delhi, & M/s. Ashim & Associates, Chartered Accounts, New Delhi as Auditors of the Company to hold office from conclusion of this meeting until the conclusion of next Annual General Meeting of the Company on remuneration, terms & conditions.
6. Re-appointment of Mr. Shekhar Agarwal, as Managing Director of the Company with effect from January 01, 2011, on remuneration, terms & conditions, for a period upto March 2013. |
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