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| Exchange Disseminated Time | Hindusthan National Glass & Industries Ltd has informed BSE that the members at the 65th Annual General Meeting (AGM) of the Company held on August 19, 2011 at Indian Chamber of Commerce, ICC Towers, 4, India Exchange Place, 10th Floor, Kolkata 700 001 inter alia, have passed / approved the following:
1. Adoption of the audited Balance Sheet as at March 31, 2011 along with the Profit & Loss Account for the year ended on that date.
2. Payment of Dividend @ Re.1.50 per equity share on face value of Rs.2/-each (i.e. 75%) for the Financial Year 2010-11.
3. The re-appointment of Mr. C. K. Somany and Mr. Kishore Bhimani as Directors of the Company.
4. Appointment of M/s. Lodha & Co, Chartered Accountants as Statutory Auditors and M/s. Singhi & Co, as Branch Auditors from the conclusion of this AGM till the conclusion of next AGM.
5. Appointment of Mr. Venkatesan Sridar as Director liable to retire by rotation and Mr. Rakesh Kumar Sharma as Executive Director.
6. To authorize the Board of Directors to borrow loan (apart from temporary loan) upto Rs.2500 Crores and to create mortgage assets of the Company, pursuant to Sections 293(l)(d) and 293(l)(a) of the Companies Act, 1956. |
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