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| Exchange Disseminated Time | Welspun Investments and Commercials Ltd has informed BSE that the members at the 3rd Annual General Meeting (AGM) of the Company held on September 29, 2011, have passed the following resolutions:
1. Adoption of Audited Balance Sheet as at March 31, 2011, Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.
2. Re-appointment of Mr. Raj Kumar Jain as a Director of the Company, liable to retire by rotation.
3. Re-appointment of M/s. Suresh Surana & Associates, Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting.
4. Approval for increase in limits pursuant to the provisions of Section 293(1) (a) of the Companies Act, 1956 for an amount not exceeding Rs. 100 Crores.
5. Approval for increase in borrowing limits pursuant to the provisions of Section 293(1) (d) of the Companies Act, 1956 for an amount not exceeding Rs. 100 Crores. |
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