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| Exchange Disseminated Time | Ester Industries Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on July 25, 2011, inter alia, have approved the following:
1. Consideration and adoption of the Audited Balance Sheet as on March 31, 2011 and the Profit and Loss Account for the year ended on that date together with the Reports of Directors and Auditors thereon.
2. Declaration of dividend of Rs 2/- per Equity Share on 6,28,93,706 Equity Shares i.e. 40% on equity shares of face value of Rs. 5 each, for the financial year 2010-11 and confirmation of the Interim Dividend
3. Re-appointment of Mr. M. S, Ramachandran, who retired by rotation on this Annual General Meeting and being eligible offers himself for re-appointment
4. Re-appointment of Mr. Ashok Kumar Newatia, who retired by rotation on this Annual General Meeting and being eligible offers himself for re-appointment
5. Re-appointment of M/s S. R. Batliboi, Chartered Accountants as Statutory Auditors of the Company, who retired on this Annual General meeting, to hold office till the conclusion of next Annual General Meeting and authorization to Board of Directors to fix their remuneration.
6 Appointment of Mr. Anand Chand Burman, who was appointed as Additional Director of the Company and holding office upto the date of this Annual General Meeting and in respect of whom the Company had received a notice under Section 257 of the Companies Act, 1956 proposing his candidature for the office of the director.
7. Appointment of Mr. P. S. Dasgupta, who was appointed as Additional Director of the Company and holding office upto the date of this Annual Genera! Meeting and in respect of whom the Company had received a notice under Section 257 of the Companies Act,1956 proposing his candidature for the office of the director.
8. Appointment of Mr. Pradeep Kumar Rustagi as Whole-time Director for 5 Years.
9. Appointment of Mr. Ashok Kumar Agarwal as Whole-time Director for 5 Years.
10. Increase in the Borrowing Limits of the Company pursuant to the Section 293(l)(d) of the Companies Act, 1956.
11. Commencement of New Business under Other objects pursuant to section 149{2A) of the Companies Act, 1956.
12. Alteration of the Articles or Association of the Company. |
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