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| Exchange Disseminated Time | Ambika Cotton Mills Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 27, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2010 and Profit and Loss Account for the year ended on that date and reports of the Directors and Auditors thereon.
2. Declaration of Dividend at the rate of 30% (Rs.3.00 per share).
3. Sri. Sunil Kumar Kolangara who has resigned from the Directorship of the Company is not re-appointed as a director and the vacancy be not filled.
4. Re-appointment of Ms Bhavya Chandran, as a Director of the Company in the same place vacated by her.
5. Re-appointment of Auditors M/s. L Venkatasubbu & Co., Chartered Accountants, Coimbatore, to hold the office of the Auditors until the conclusion of the next AGM, on remuneration, terms & Conditions.
6. Company do commence the business specified in Part - C under the head "Other Objects in Serial No. 16" of Memorandum of Association of the company which provides as under
"To carry on all or any of the businesses of generating and distributing electricity, gas and heat and of manufacturing or dealing in all kinds of machinery, equipments and appliances required for generating, distributing, employing and consuming electricity and of acting as electrical engineers and contractors and of purifying and distributing water". |
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