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| Exchange Disseminated Time | Automotive Stampings and Assemblies Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on July 16, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date and the Report of the Directors and the Auditors thereon.
2. Declaration of dividend at the rate of 12% p.a. on the 12% Cumulative Redeemable Preference Share Capital of the Company for the year ended March 31, 2010 of the current profits of the Company.
3. Declaration of dividend at the rate of Rs. 1.50 per equity share for the year ended March 31, 2010 out of the current profits of the Company.
4. Re-appointment of Mr. Ramesh A. Savoor & Mr. Francisco Jose Riberas Mera as Directors of the Company.
5. Appointment of M/s. Price Waterhouse, Chartered Accountants, the retiring Auditors, as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, at such remuneration, terms & conditions.
6. Appointment of Mr. L. Lakshman & Mr. Amitabha Mukhopadhyay as Directors of the Company, liable to retire by rotation. |
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