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| Exchange Disseminated Time | IP Rings Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on July 23, 2009, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2009 together with the Profit and Loss Account for the year ended on that date and the Report of the Auditors and of the Directors thereon.
2. Declaration of dividend of 10% on Equity Shares together with the Dividend Tax, to the Equity Shareholders of the Company for the year ending March 31, 2009.
3. Re-appointment of Dr. R Mahadevan & Mr. P M Venkatsubramanin, as Directors of the Company.
4. Re-appointment of Messrs. R G N Price & Co., Chartered Accountants, Chennai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
5. Appointment of Mr. S R Srinivasan & Mr. S Ramachandra as Directors of the Company, liable to retire by rotation.
6. Payment of commission to Mr. K V Shetty, Managing Director of the Company for the financial year April 01, 2008 to March 31, 2009, on terms & conditions.
7. Reappointment of Dr. N Gowrishankar, as a Whole Time Director of the Company for a period of three years from January 29, 2009 to January 28, 2012, on remuneration, terms & conditions.
8. Reappointment of Mr. K V Shetty as Managing Director for a period of 1 year from April 01, 2009 to March 31, 2010 on remuneration, terms & conditions. |
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