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| Exchange Disseminated Time | Sri Adhikari Brothers Television Network Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 28, 2011, inter alia, have accorded to the following :
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit & Loss Account for the year ended as on that date together with the Reports of the Board of Directors and Auditors thereon.
2. Declaration of the payment of dividend at the rate of Re. 0.60 per share on Equity Shares of Rs. 10/- for the financial year 2010-11.
3. Re-appointment of Mr. Prasannakumar Gawde as a Director of the Company, liable to retire by rotation.
4. Re-appointment of M/s A. R. Sodha & Co.. Chartered Accountants, Mumbai as Statutory Auditors of the Company, who shall hold the office from the conclusion of this Annual General Meeting upto the conclusion of the next Annual General Meeting of the Company.
5. Re-appointment of Mr. Gautam Adhikari as Whole Time Director of the Company for a period of three years w.e.f. October 01, 2011, on remuneration, terms & conditions.
6. Adoption of new set of Articles of Association of the Company.
7. Authority to the Board of Directors of the Company to create, issue, offer and allot securities of the Company as QIPs / FCCBs / GRDs / ADRs or other permissible securities / instruments for a value not exceeding Rs. 125 Crores. |
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