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| Exchange Disseminated Time | Munjal Showa Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on August 11, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2010 and the Profit & Loss Account for the year ended on that date, together with the report of the Directors’ and Auditors’ thereon.
2. Declaration of dividend at the rate of Rs 2.00 per share on 39,995,000 Equity Shares of Rs. 2.00 each, of the Company aggregating to Rs. 7,99,90,000 for the year ended March 31, 2010,out of the current profits of the Company.
3. Re-appointment of Mr. Pankaj Munjal, Mr. Anil Kumar Vadehra & Mr. Surinder Kumar Mehta, as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s S. R. Batliboi & Co., Chartered Accountants, Gurgaon as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration terms & conditions.
5. Appointment of Mr. Akira Kadoya, as Director of the Company, liable to retire by rotation.
6. Appointment of Mr. Tetsuo Terada, as Director of the Company.
7. Variation in terms of Appointment of Mr. Yogesh Chander Munjal - Managing Director, with effect from September 01, 2010 for remaining period of his tenure. |
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