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| Exchange Disseminated Time | Shiva Texyarn Ltd has informed BSE that the members at the 29th Annual General Meeting (AGM) of the Company held on September 20, 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 March 31, 2010 together with the Report of the Director' and Auditors' thereon.
2. Declaration of dividend at Re. 1.00 per Equity Share of Rs 10/- each (i.e. 10% on equity Capital) in respect of capital paid up on March 31, 2010
3. Re-appointment of Sri. S K Sundaraman, Sri. S Palaniswami & Sri. C S K Prabhu as Directors of the Company.
4. Re-appointment of M/s. V K S Aiyer and Coy. Chartered Accountants, Coimbatore, as Auditors of the Company to hold the office from the conclusion of this meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Appointment of Smt. A Lalitha as Chief Executive of YESWE CREATIONS (Garments Division of the Company) with effect from November 02, 2009 and to carry on the day-to-day operation and administration of the Garments Division, subject to the superintendence, control and direction of the Managing Director of the Company, with effect from April 01, 2010, on necessary terms & conditions.
6. Appointment and payment of remuneration to Sri. S V Alagappan, Managing Director with effect from June 27, 2010 for a further period of 5 years, on necessary terms & conditions. |
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