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| Exchange Disseminated Time | Swan Mills Ltd has informed BSE that Board of Directors of the Company at its meeting held on August 11, 2010, have fixed the date September 24, 2010, for 102nd Annual General Meeting (AGM) of the Company and have approved following resolutions, subject to approval of the shareholders at the ensuing AGM to be held on September 24, 2010.
1. To declare dividend @ 10% on Equity Shares (Rs. 0.20 per share) for the year ended March 31, 2010.
2. To appoint following Directors, who are retiring by rotation and being eligible, offers themselves for re-appointment:
i. Mr. Nagardas Panchal
ii. Mr. Rajat Kumar DasGupta
iii. Mr. Dhiren M. Desai
3. To appoint M/s V.R. Renuka & Co. Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this ASM to conclusion of next AGM and to authorize the Board to fix their remuneration
4. To modify the terms of the remuneration of Mr. Nikhil V. Merchant as Managing Director of the Company.
5. To modify the terms of the remuneration of Mr. Paresh V. Merchant as Executive Director of the Company. |
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