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| Exchange Disseminated Time | Nila Infrastructures Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on September 25, 2010, inter alia, have accorded to the following:
1. Adoption of Annual Accounts of the Company together with the Directors’ Report and the Auditor’s Report for the year ended on March 31, 2010.
2. Reappointment of Shri. Hiren G Pandit as a Director retiring by rotation.
3. Reappointment of O P Bhandari & Co., Chartered Accountants, Ahmedabad as Statutory Auditors of the Company till the conclusion of the next Annual General Meeting of the Company.
4. Declaration of dividend at the rate of Rs. 0.10/- per equity share of Re. 1/- each for the financial year 2009-10.
5. Appointment of Shri. Kiran B. Vadodaria as a Director not liable to retire by rotation designated as Executive Director.
6. Appointment of Shri. Dilip D Patel as a Director liable to retire by rotation designated as Non Executive Director.
7. Appointment of Shri. Akhilesh C Mehta & Shri. Shyamal S Joshi as Directors not liable to retire by rotation designated as Non Executive Directors.
8. Revision in terms of remuneration payable to Shri. Manoj B. Vadodaria, Chairman & Managing Director.
9. Appointment of Shri. Kiran B Vadodaria as a Joint Managing Director and fixing his remuneration.
10. Increase the borrowing power of the Board of Directors to Rs. 200 crores. |
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