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| Exchange Disseminated Time | Birla Corporation Ltd has submitted to BSE a copy of the Proceedings of the Adjourned Annual General Meeting (AGM) of the Shareholders of the Company held on June 29, 2010.
Outcome of AGM :
The members at the Adjourned Annual General Meeting (AGM) of the Company held on June 29, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet and the Profit & Loss Account of the Company for the year ended March 31, 2010 and the Reports of the Directors and the Auditors.
2. Confirmed Interim Dividend at the rate of Rs.2.50 per share (i.e. 25%), which has already been made to the Ordinary Shareholders of the Company and declared Final Dividend at the rate of Rs.3.50 per share (i.e. 35%) on 7,70,05,347 Ordinary Shares of Rs. 10/- each, for the year ended March 31, 2010.
3. Re-appointed Shri Harsh V. Lodha & Shri D. N. Ghosh as Directors of the Company.
4. Not re-appointed Smt. Nandini Nopany, a Director liable to retire by rotation, who does not seek re-appointment, as a Director of the Company and the vacancy, so caused on the Board of the Company, be not filled up.
5. Appointed Messrs. H.P. Khandelwal & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Meeting to the conclusion of the next Annual General Meeting of the Company and the Board of Directors of the Company be and is hereby authorised to fix their remuneration and sanction traveling and other incidental expenses that may be incurred by them in connection with the audit of Accounts of the Company.
6. Appointed Shri Deepak Nayyar & Shri M. K. Sharma as Directors of the Company, liable to retire by rotation.
7. Authority to the Board of Directors of the Company, as they may deem fit from time to time, for commencement of all or any of the businesses proposed in Sub-clauses (9A), (17E), (17L), (17M), (17N), (29) and (35) covered under the Object Clause 3. of the Memorandum of Association of the Company, as stated in the Postal Ballot Notice dated April 22, 2010. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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