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| Exchange Disseminated Time | Automotive Stampings & Assemblies Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on June 27, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended on that date and the Report of the Directors and the Auditors thereon.
2. Declared dividend at the rate of 12% p.a. on the 12% Cumulative Redeemable Preference Share Capital of the Company pursuant to the recommendation of the Directors, for the year ended March 31, 2008, out of the current profits of the Company.
3. Declared dividend at the rate of Rs 1.50 per equity share, pursuant to the recommendation of the Directors, for the year ended March 31, 2008 out of the current profits of the Company.
4. Re-appointment of Mr. R A Savoor and Mr. S Ramakrishnan, Director who retires by rotation but being eligible for re-appointment, as Directors of the Company.
5. Re-appointment of M/s Price Waterhouse, Chartered Accountants, the retiring Auditors, as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, at such remuneration as may be agreed to between the Board of Directors of the Company and the Auditors.
6. Appointment of Mr. Francisco Jose Riberas Mera, Mr. Francisco Lopez Pena, Mr. Pradeep Mallick and Mr. Rameshwar S Thakur as Directors of the Company and shall be liable to retire by rotation. |
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