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| Exchange Disseminated Time | Gandhi Special Tubes Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on July 28, 2010 inter alia, have accorded to the following:
1. Adoption of Audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date together with Notes, Schedules and Cash Flow Statement, Directors’ Report and the Report of the Auditors thereon.
2. Confirmation of Payment of interim dividend of Rs. 5.00 per share (100% of Face value of Rs. 5/-) consisting of Rs. 2.50 paise Normal Dividend and Rs. 2.50 paise Silver Jubilee Year Special Dividend on 1,46,98,616 Equity Shares of the Company, for the year ended on March, 2010.
3. Re-appointment of Shri Jayesh M. Gandhi, as a Director of the Company, retire by rotation.
4. Appointment of M/s. S. V. Doshi & Company, Chartered Accountants, Mumbai as the Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting on remuneration, terms & Conditions.
5. Appointment of Shri M. G. Gandhi as Managing Director of the Company for a period of three years with effect from January 01, 2010, on remuneration, terms & conditions.
6. Appointment of Mr. B. G. Gandhi as Joint Managing Director of the Company for a further period of three years with effect from January 01, 2010 on remuneration, terms & conditions. |
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