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| Exchange Disseminated Time | Gujarat Narmada Valley Fertilizers Company Ltd has informed BSE that the members at the 35th Annual General Meeting (AGM) of the Company held on September 17, 2011, inter alia, have approved the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the financial year ended on that date together with the Directors’ Report and the Auditors’ Report thereon.
2. Declaration of dividend at the rate of Rs. 3.25 per share i.e. @ 32.5% on 15,54,18,783 fully paid equity shares of Rs. 10/- each for the financial year ended on March 31, 2011.
3. Re-appointment of Shri D. C. Anjaria, as a Director of the Company, liable to retire by rotation.
4. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad, as Auditors of the Company, in place of the retiring Auditors, M/s. R. S. Patel & Co., Chartered Accountants, Ahmedabad to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Shri MM Srivastava, IAS, as a Director of the Company, liable to retire by rotation.
6. Appointment of Shri R. K. Tripathy, IAS, as a Director of the Company, liable to retire by rotation.
7. Appointment of Shri Atanu Chakraborty, IAS, as a Director of the Company, liable to retire by rotation.
8. Appointment of Shri A. M. Tiwari, IAS as the Managing Director of the Company for a period of two years commencing from July 14, 2011, on remuneration, terms & conditions. |
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