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| Exchange Disseminated Time | Rane (Madras) Ltd has informed BSE that at the 7th AGM of the Company held on July 19, 2011, the members have :-
1. Adopted the Audited Balance Sheet as at March 31, 2011 and Profit & Loss account for the year ended March 31, 2011 together with the report of the Directors and Auditors thereon.
2.(a) Approved the interim dividend of Rs. 4.50 per equity share of Rs. 10/- each, declared by the Board of Directors on January 21, 2011 and paid on February 09, 2011 and
(b) Declared a final dividend of Rs. 2.50 per equity share of Rs. 10/- each, for the year ended March 31, 2011.
3. Re-appointed Mr. L Lakshman and Mr. P S Kumar as directors of the company.
4. Re-appointed M/s Price Waterhouse & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the next AGM on a remuneration as may be determined by the Board of Directors of the Company.
5. Approved the re-appointment of Mr. Harish Lakshman as ‘Manager’ of the Company for a period of three years with effect from April 01, 2011.
6. Approved the appointment of Mr. Aditya Ganesh, son of Mr. L Ganesh, as Graduate Engineer Trainee, with effect from August 19, 2010. |
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