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| Exchange Disseminated Time | MIC Electronics Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on December 30, 2010, inter alia, have accorded to the following:
1. Adopted audited Balance Sheet for the financial year ended June 30, 2010, Profit & Loss Account for the period ended on that date and the Reports of the Board of Directors and Auditors thereon.
2. Re-appointed Shri Somendra Khosla as a Director eligible to retire by rotation.
3. Re-appointed Shri Nimmagadda Srinivasa Rao as a Director eligible to retire by rotation.
4. Re-appointed M/s Pinnamaneni & Co, Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company.
5. Approved Inserting a new clause enabling the Company to provide loans or guarantee to any other person or company.
6. Re-appointed of Shri L N Malleswara Rao as Executive Director of the Company for a period of five years with effective from December 30, 2010.
7. Approved Revision of Basic Salary of Dr. M V Ramana Rao, Chairman & Managing Director of the Company, effective from December 30, 2010.
8. Approved Employee Stock Option Plan (ESOP-2010).
9. Approved Resolution extending benefits of (ESOP-2010) to employees of subsidiary companies. |
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