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| Exchange Disseminated Time | Sundaram Clayton Ltd has informed BSE that the members at the 49th Annual General Meeting (AGM) of the Company held on September 30, 2011 inter alia, have approved the following:
1. The audited balance sheet as at March 31, 2011 and the profit and lass account of the Company, for the year ended as on that date, together with the director’s’ report and the auditors’ report thereon.
2. Re-appointment of Mr. Gopal Srinivasan, as a director of the Company.
3. Re-appointment Vice Admiral P. J. Jacob (Retd.), as a director of the Company.
4. Re-appointment of Mr. S. Santhanthkrishnan, as a director of the Company.
5 . Re-appointment of Mr. Suresh Kumar Sharma, as a director of the Company.
6. Re-appointment of M/s. Sundaram & Srinivasan, Chartered Accountants, Chennai, as Statutory Auditors of the Company, to hold office from the conclusion of this annual general meeting till the conclusion of next annual general meeting of the Company.
7. Variation in terms of appointment and remuneration of Dr. Lakshmi Venu, Director - Strategy, effective July 01, 2011.
8. Payment of commission to non-executive independent, directors of the Company, as may be determined by the board of directors of the Company, from time to time, for each financial year, for a period of five years commencing from April 01, 2011, within the overall limit, not exceeding in aggregate 1% of the net profits of the Company.
9. Appointment of Mr. Sudarshan Venu, as director of the Company, liable to retire by rotation; and
10. Amendment to Articles of Association of the Company, providing for conducting the meetings of the board / Committee through electronic mode. |
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