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| Exchange Disseminated Time | Savera Industries Ltd has informed BSE that the members at the 38th Annual General Meeting (AGM) of the Company held on September 19, 2007, inter alia, have accorded to the following:
1. Adoption of the Profit and Loss Account and Cash Flow Statement of the Company for the year ended March 31, 2007 and the Balance Sheet as on that date together with the Report of the Directors and Report of the Auditor thereon.
2. Declaration of dividend for the year ended March 31, 2007 at the rate of Rs 2.00 per share.
3. Appointment of Mr. S Rajaratnam & Mrs. A Nina Reddy as Directors of the Company.
4. Re-appointment of M/s. D A Reddy & Co., Chartered Accountants as Statutory Auditor of the Company to hold the office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Appointment of Ms. A Nivruti Reddy as a Director of the Company, liable retire by rotation.
6. Revision in remuneration payable to Mr. A Ravikumar Reddy, Managing Director of the Company with effect from July 2007, on terms & conditions.
7. Increase in remuneration payable to Mrs. A Nina Reddy, Executive Director (Operation) of the Company with effect from July 2007, on terms & conditions. |
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