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| Exchange Disseminated Time | Donear Industries Ltd has informed BSE that the members at the 19th Annual General Meeting (AGM) of the Company held on September 17, 2005, inter alia, has accorded to the following:
1. Adoption of Audited Balance Sheet as at March 31, 2005 and the Profit & Loss Account for the Year ended as on that date together with Directors Report and Auditors Report.
2. Declaration of dividend @ Rs 8/- per share on Equity Shares of Rs 10/- each.
3. Re-appointment of Mr. Durgaprasad Agarwal & Mr. Ajay V Agarwal as Directors of the Company.
3. Re-appointment of M/s. M L Bhuwania & Company, Chartered Accountants, as Auditors of the Company to hold office as such from the conclusion of this Meeting till the conclusion of next Annual General Meeting of the Company.
4.Authority to the Board to borrow moneys (apart from temporary loans obtained from the Company's banker in the ordinary course of business) in excess of the aggregate of the paid up capital of the Company and its free reserves (that is to say reserves not set apart for any specified purpose) provided that the total amount of such borrowing together with the amount already borrowed and outstanding shall not exceed Rs 3,000,000,000/-.
5.Increase in Authorized Capital of the Company from Rs 65,000,000/- to Rs 110,000,000 by creation of 4,500,000 Equity shares of Rs 10/- each ranking paripasu with the existing equity shares and consequential alteration in Memorandum and Articles of Association of the Company.
6.Re-appointment of Shri. Rajendra V Agarwal as Managing Director of the Company for a period of 5 years with effect from April 01, 2005 to March 31, 2010. |
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