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| Exchange Disseminated Time | Nippo Batteries Company Ltd has informed BSE that the members at the 38th Annual General Meeting (AGM) of the Company held on July 20, 2011, inter alia, have accorded to the following:
1. Adoption of Annual Accounts for the year ended March 31, 2011.
2. Rs.20/- (200%) per share dividend was declared for the Financial Year April 01, 2010 to March 31, 2011.
3. Appointment of Dr. S A Dave as Director of the Company liable to retire by rotation.
4. Appointment of Mr. Hiroshi Sugimura as Director of the Company liable to retire by rotation.
5. Appointment of M/s. P. Srinivasan & Co., Chartered Accountants as Auditors of the Company.
6. Appointment of Mr. Kenichi Kudara as Director of the Company liable to retire by rotation.
7. An amount not exceeding 1% of the Net Profits of the Company for each financial year computed in the manner prescribed under sections 349 and 350 of the Companies Act, 1956 be paid and distributed amongst the Non-Executive Directors of the Company for a period of three financial years commencing from and including the financial year 2010-11. |
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