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| Exchange Disseminated Time | Mangalam Drugs & Organics Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2010, inter alia, have accorded to the following:
1. Consideration and Adoption of the Audited Balance Sheet as at March 31, 2010, Profit and Loss Account for the year ended on that date and the reports of Board of Directors’ and Auditors’ thereon.
2. Appointment of Mr. Rajendra Prasad Mimani as a Director liable to retire by rotation.
3. Appointment of M/s. Milwani Associates, Chartered Accountant, as a Statutory Auditors of the Company to hold office till the next Annual General Meeting and authorized Board of Directors to fix their remuneration.
4. Authority to Directors to borrow in excess of the paid-up capital and free reserve up to limit of Rs. 100 crores.
5. Authority to Directors for creation of charge on the assets of the company up to limit of Rs. 100 crores. |
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