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| Exchange Disseminated Time | Nahar Capital and Financial Services Ltd has informed BSE that the members at the 6th Annual General Meeting (AGM) of the Company held on September 20, 2011, inter alia, have also accorded to the following:
1. Adoption of the Profit & Loss Account for the year ended March 31, 2011 and Balance Sheet as on date together with the Directors Reports and Auditor's Report thereon.
2. Declaration of dividend @ 30% i.e. Rs. 1.50 per fully paid up share on Equity Share Capital of the Company for the year ended March 31, 2011.
3. Re-appointment of Dr. Suresh Kumar Singla, Dr. (Mrs.) Harbhajan Kaur Bal & Prof. Kanwar Sain Maini as Directors of the Company liable to retire by rotation.
4. Re-appointment of M/s. Gupta Vigg. & Co., Chartered Accountants, Ludhiana, as Statutory Auditors of the Company for the financial year 2011-12 to hold office up to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Dr. Yash Paul Sachdeva as a Director of the Company, liable to retire by rotation.
6. Re-appointment of Sh. Dinesh Oswal, as Managing Director of the Company, for a period of 5 years w.e.f. January 01, 2012, on remuneration, terms & conditions.
7. Authority to the Board for commencing and undertaking the Real Estate Business as enumerated in sub clause 22 (a & b) of the Object Clause of the Memorandum of Association of the Company. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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