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| Exchange Disseminated Time | Nelcast Ltd has informed BSE that the 29th Annual General Meeting (AGM) of the Company will be held on August 06, 2011, at 10.30 a.m. at PVR Kalyanamandapm, Near RTC Bus Stand, Gudur - 524 101, inter alia, to transact the following business;
1. To consider and adopt the Balance Sheet as at March 31, 2011, Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.
2. To declare Dividend for the financial year 2010-11.
3. To appoint Mr. D. Sesha Reddy as a Director of the Company, liable to retire by rotation.
4. Appointment of M/s. J.B. Reddy & Co. Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. To sub-divide each of the existing equity shares of face value of Rs. 10/- (Rupees Ten only) in the Share Capital of the Company into 5 (Five) equity shares of face value of Rs. 2/- (Rupees Two only) each and consequential amendment in the Memorandum of Association of the Company.
6. Appointment of Mr. S. Radhakrishnan as a Director of the Company, not liable to retire by rotation.
7. The payment of remuneration during his term of office by way of commission at 5% p.a. of the Net Profit of the Company to Mr. P. Radhakrishna Reddy, Chairman as approved at the meeting of the Board of Directors of the Company and recommended by the Remuneration Committee, subject to necessary provisions and approvals.
8. Appointment of Mr. S. Radhakrishnan as Managing Director of the Company for a period of three years from January 17, 2011 to January 16, 2014, on remuneration, terms & conditions.
9. Re-appointment of Mr. P. Vijaya Bhaskar Reddy as Deputy Managing Director of the Company for a period of three years from April 01, 2011 to March 31, 2014, on remuneration, terms & conditions. |
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