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| Exchange Disseminated Time | Harrisons Malayalam Ltd has informed BSE that the members at the 32nd Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded the following:
1. Adoption of the Balance Sheet as at March 31, 2009, the Profit & Loss Account for the year ended on that date, the Reports of the Directors & the Auditors.
2. Declaration of dividend at the rate of Re. 1.50 per share on equity shares of the Company for the year ended March 31, 2009.
3. Re-appointment of Mr. P. K. Chowdhary & Mr. G. Momen as Directors of the Company, liable to retire by rotation.
4. Appointment of Messrs. Price Waterhouse, Chartered Accountants, Chennai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Appointment of Mr. Ajit Singh Chouhan as a Director of the Company liable to retirement by rotation.
6. Authority to the Board for creating such charges, mortgages and hypothecation in addition to the existing charges, mortgages and hypothecations created by the Company, on the immovable properties both present and future situated at Mayfield and Wentworth estates in Nilgiris District, Tamil Nadu, in favour of IDBI Bank Ltd. to secure a first charge for the Term Loan aggregating to Rs. 5,800 lacs, lent and advanced by IDBI Bank Ltd to the Company, subject to necessary provisions & approvals. |
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