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| Exchange Disseminated Time | Gabriel India Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on July 28, 2010, inter alia, have accorded to the following:
1. Adoption of Annual Accounts of the Company as on March 31, 2010.
2. Payment of Final Dividend @ 55 % i.e. 0.55 per equity share of Rs 1.
3. Reappointment of Mr. Deepak Chopra & Mr. Russi Jal Taraporevala as Directors of the Company.
4. Reappointment of Auditors of the Company i.e. Price Waterhouse & Co., Chartered Accountants, Gurgaon.
5. A resolution regarding appointment of Mr. John A Crable, as Non-Executive Director of the Company.
6. A special resolution was passed renewing the payment of Commission annually at the rate upto 1% of the net profits of the Company to the directors other than whole time directors for a further period of 5 years.
7. A special resolution was passed u/s 293 (1) (d) of the Companies Act 1956 to increase the burrowing limits of Company from Rs. 1500 million to Rs. 5000 Million. |
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