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| Exchange Disseminated Time | Gangotri Textiles Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 23, 2011, inter alia, have passed the following business:
1. Adoption of the Directors’ Report, the Balance Sheet as March 31, 2011 and the Profit & Loss Account for the period ended March 31, 2011 and the Auditors Report thereon.
2. Appointment of Sri. Ullas R. Sanghvi as a Director of the Company liable to retire by rotation.
3. Appointment of M/s. Thakker & Sanghani, Chartered Accountants, Coimbatore as the Auditors of the Company to hold office as Auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting on remuneration, terms & conditions.
4. Accorded for the appointment of Sri. Mohanlal Tibrewal, Executive Director of the Company for a period of five years with effect from April 01, 2011 to March 31, 2016 and the payment of Remuneration to the Executive Director for a period of three years with effect from April 01, 2011 to March 31, 2014, on necessary terms & conditions.
5. Accorded for the appointment of Sri. Manoj Kumar Tibrewal, as Managing Director of the Company for a period of five years with effect from April 01, 2012 to March 31, 2017 and the payment of Remuneration to the Executive Director for a period of three years with effect from April 01, 2012 to March 31, 2015, on necessary terms & conditions. |
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