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| Exchange Disseminated Time | Balmer Lawrie & Company Ltd has informed BSE that the members at the 93rd Annual General Meeting (AGM) of the Company held on September 24, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Profit and Loss Account of the Company for the financial year ended on March 31, 2010 and Balance Sheet as on that date, together with Reports of the Board of Directors and Auditors thereon along with the Comments of the Comptroller & Auditor General of India on the Accounts of the Company.
2. Declared dividend on 1,62,86,081 Equity shares of Rs. 10/- each of the Company at the rate of Rs. 23.00 (Rupees Twenty three only) per share for the financial year ended March 31, 2010.
3. Re-appointed Shri V.N.Sharma, Shri S.K. Mukherjee & Shri K. Subramanian as Directors of the Company.
4. Authority to the Board of Directors to determine the amount of remuneration payable to the Auditors appointed under Section 619 of the Act, by the Comptroller and Auditor General of India including the cost of reimbursement of out-of-pocket expenses incurred in connection with the audit of accounts of the Company for the financial year 2010-11 by the said Auditors.
5. Appointed Shri Shri Prakash (a non-executive Government Nominee Director) & Shri Virendra Singh (Whole time Director), as Directors, whose period of office shall be subject to determination by retirement of directors by rotation.
6. To increase the maximum number of directors on the Board of the Company from the existing level of 12 (twelve) directors to 16 (sixteen) directors subject to the approval of the Central Government as may be required in accordance with Section 259 of the Act.
7. To alter / amend Articles 6 and 45 of the existing Articles of Association of the Company, subject to necessary provisions and approvals. |
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