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| Exchange Disseminated Time | Kandagiri Spinning Mills Ltd has informed BSE that the members at the 35th Annual General Meeting (AGM) of the Company held on August 12, 2011, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet of the Company as at March 31, 2011, Profit and Loss account and the Cash Flow Statement for the year ended on that date and the report of the directors and the Auditors thereon.
2. Recommendation of the Board of Directors of the Company to declare Final Dividend of Rs.2/- per Equity Share of Rs.10/- each of the Company @ 20% on the Paid up Equity Share Capital of the Company over and above the Interim Dividend of Rs.2/- per share (@20% of the Paid up Equity Shares of the Company).
3. Reelection of Sri. S Devarajan as a Director of the Company.
4. Re-appointment of M/s. M S Krishnaswami & Rajan, Chartered Accountants, as Auditors of the Company from the conclusion of this meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Appointment of Sri. S Sivakumar as a Director of the Company. |
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