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| Exchange Disseminated Time | Gabriel India Ltd has informed BSE that the members at the 48th Annual General Meeting (AGM) of the Company held on July 28, 2010, inter alia, have also accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2010 and the Audited Profit and Loss account for the year ended March 31,2010, the Auditor’s Report thereon and Directors’ Report, placed before this Meeting.
2. Appointment of M/s. Price Waterhouse & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion
of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
3. Authority to the Board for the payment of commission at the rate upto one percent of the net profits of the Company in each year to be paid annually to the Directors of the Company other than Directors who are in whole time employment, for a further period of 5 years commencing from the financial year ending March 31, 2010 and that such commission may be divided amongst such directors and in such manner or proportion as may be decided by the Chairman, subject to necessary provisions & approvals. |
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