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| Exchange Disseminated Time | Muthoot Capital Services Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on August 29, 2008, inter alia, have accorded to the following:
1. Adoption of profit and loss account for the year ended March 31, 2008, the Balance Sheet as at that date and the reports of the Directors and the Auditors thereon.
2. Declaration of dividend @ Rs 1.5 per share on Equity Shares of Rs 10/- each fully paid up.
3. Re-appointment of Mr. Thomas Muthoot as a Director of the Company.
4. Re-appointment of M/s. K Venkitachalam Aiyer & 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.
5. Re-appointment of Mr. Thomas George Muthoot, as the Managing Director of the Company for a period of three years with effect from July 12, 2008, on remuneration, terms and conditions.
6. Authority to the Board to borrow, for the purpose of business of the Company such sum or sums of moneys as they may deem necessary notwithstanding the fact that the moneys borrowed the moneys to be borrowed from time to time will exceed the aggregate of the paid up capital of the Company and its free reserves i.e. reserves not set apart for any specific purpose, provided that the total outstanding amount of such borrowings shall not exceed Rs 75 crores over and above the aggregate of the paid up capital of the Company and its lice reserves at any time.
7. Appointment of Mr. R K Nair, as Director of the Company, liable to retire by rotation. |
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