|
| Exchange Disseminated Time | Federal-Mogul Goetze (India) Ltd has informed BSE that the members at the 55th Annual General Meeting (AGM) of the Company held on June 25, 2010, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet as at December 31, 2009, the Profit and Loss Account of the Company for the year ended on that date and the Reports of Directors and Auditors thereon.
2. Re-appointed Mr. Rainer Jueckstock as a Director of the Company and liable to retire by rotation.
3. Re-appointed M/s. S.R. Batliboi & Co., Chartered Accountants, as Statutory Auditors of the Company, for the accounting year ending December 31, 2010, from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company at a remuneration to be recommended by the Audit Committee and to be approved by the Board of Directors of the Company.
4. Waiver of refund of the excess remuneration paid to Mr. Arun Anand, erstwhile Vice Chairman, Managing Director & CEO, for a period from April 01, 2006 to December 31, 2006 for an amount not exceeding Rs. 1,19,85,781/-, subject to necessary provisions and approvals.
5. Accorded consent to the Company for making variation in the Objects of the Issue mentioned in the Letter of offer dated November 05, 2008 (LOI), to enable the Company to utilise the balance unspent amount of Rs. 1,148.77 Lacs, as detailed below:
(a) Rs. 1138.42 Lacs for the purchase of machineries other than those specified in the LOI under the category "Payment to Suppliers for the purchase of machineries (including interest)".
(b) Rs. 10.35 Lacs inter-se to the object category of "General Corporate Purposes" from the "Issue Expenses" category. |
|
|