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| Exchange Disseminated Time | Bharat Gears Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 31, 2008, inter alia, have accorded the following:
1. To receive, consider and adopt the audited accounts of the Company for the year ended March 31, 2008 together with Reports of the Auditors and Directors
thereon.
2. To appoint a Director in place of Dr. Ram S Tarneja who retires by rotation and is eligible for re-appointment.
3. To appoint a Director in place of Mr. S G Awasthi who retires by rotation and is eligible for re-appointment.
4. To declare the dividend on preference shares as recommended by board of Directors.
5. To declare the dividend on equity shares as recommended, by the Board of Directors.
6. To appoint Messers Deliotte Haskins & Sells, Chartered Accountants, as Statutory Auditors to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting in place of Messers. A F Ferguson & Co., Chartered Accountants, to conduct the audit of the Accounts of the Company for the financial year 2008-2009 and to fix their remuneration.
7. To consider the increase in the remuneration of Mr. Surinder P Kanwar, Chairman & Managing Director of the Company, for remaining two years of his present tenure.
8. To consider revision in terms of appointment of Mr. Sameer Kanwar as Executive Director - Strategic Planning of the Company.
9. To consider the appointment of Mr. Sameer Kanwar as Joint Managing Director of the Company for a period of five (5) years w.e.f. June 01, 2008.
10. To consider early redemption of Preference Shares. |
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