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| Exchange Disseminated Time | Kalyani Forge Ltd has informed BSE that the members at the 28th Annual General Meeting (AGM) of the Company held on September 22, 2007, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet as at March 31, 2007, and Profit & Loss Account for the year ended on that date and the Directors Report & Auditors Report thereon.
2. Declaration of dividend at the rate of Rs 2.20 per share on 36,38,000 Equity Shares of Rs 10/- each fully paid up as on March 31, 2007.
3. Re-appointment of Mr. G N Kalyani as Directors of the Company.
4. Re-appointment of M/s. Dalal & Shah, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & condition.
5. Appointment of Mr. C H Naniwadekar as a Director of the Company.
6. Authority to the Board to borrow amounts not exceeding Rs 200 crores, from time to time, as it may consider fit, on such terms and conditions as the Board may deem fit, notwithstading that the monies to be borrowed by the Company (apart from temporary loans obtained from the Company's banks in the ordinary course of business) will exceed the aggregate of the Paid up Share Capital of the Company and its Free Reserves, that is to say, reserves not set apart for any specific purpose. |
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