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| Exchange Disseminated Time | Esab India Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on April 27, 2011, inter alia, have accorded to the following:
1. Adoption of the audited balance sheet as at December 31, 2010 and the Profit and Loss account of the company for the year ended on that date, together with the Directors’ Report and the Auditors’ Report thereon.
2. Re-appointment of Mr. P Mallick & Mr. Suresh N Talwar as Directors of the Company.
3. Re-appointment of M/s. B S R & Co., Chartered Accountants, Chennai, as auditors of this Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the company on such remuneration, terms & conditions.
4. Appointment of Mr. Vikram Tandon, Mr. Sudhir Chand & Mr. James R Deeley as Directors of the Company, liable to retire by rotation.
5. Accorded to the payment of remuneration by way of commission not exceeding 1% of the net profits of the Company for a period of five financial years commencing from January 01, 2011 to December 31, 2015 to Directors (other than Directors not resident in India but including Alternate Directors who resident in India) who are not in the whole time employment of the Company, on necessary terms & conditions. |
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