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| Exchange Disseminated Time | Bannari Amman Spinning Mills Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have accorded the following:
1. Adoption of Audited Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended March 31, 2008 together with the Report of the Director' and Auditors' thereon.
2. Declaration of dividend at the rate of 20% on Equity Shares in respect of capital paid up on March 31, 2008.
3. Re-appointment of Dr. S V Kandasami, Sri. A Senthil & Sri. V Venuka Reddy as Directors of the Company.
4. Re-appointment of M/s. P N Raghavendra Rao & Co. Chartered Accountants, Coimbatore, as Auditors of the Company to hold the office from the conclusion of this meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Appointment of Dr. K R Thillainathan & Sri. C S K Prabhu as Directors of the Company.
6. Increase in remuneration payable to Sri. S V Arumugam, Managing Director of the Company with effect from April 01, 2008 for the remaining tenure of his reappointment (i.e. upto June 26, 2010) on necessary terms & conditions.
7. Increase in remuneration payable to Sri. S K Sundararaman, Executive Director of the Company with effect from April 01, 2008, for his remaining tenure of his appointment(i.e. upto June 26, 2010) on remuneration, terms & conditions. |
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