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| Exchange Disseminated Time | Bharat Gears Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 27, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2011, Profit & Loss Account along with the Schedules and Notes to Accounts and Cash Flow Statement for the year ended on that date, and the reports of the Directors’ & Auditors’ thereon.
2. The resolution passed by the Board of Directors at its Meeting held on February 04, 2011 regarding payment of Interim Dividend @ Rs. 10 per share on 2,08,500 Preference Shares for the year 2010-2011, In respect of which a total sum of 20,85,000 has been paid on March 31, 2011.
3. Declaration of dividend on equity shares Rs. 1.50/- per equity share for the year 2010-11 out of the current profits of the Company for the year ended March 31, 2011.
4. Re-appointment of Dr. Ram S Tarmeja & Mr. S G Awasthi as Directors of the Company liable to retire by rotation.
5. Reappointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting to conduct the audit of the Accounts of the Company for the Financial Year 2011-2012, at such remuneration, terms & conditions. |
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