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| Exchange Disseminated Time | Nahar Spinning Mills Ltd has informed BSE that the members at the 31st Annual General Meeting (AGM) of the Company held on September 20, 2011, inter alia, have accorded to the following:
- Ordinary Business:
1. Adoption of the Audited Profit & Loss Account for the year ended March 31, 2011 and Balance Sheet as on date together with the Report of Auditors and Directors thereon.
2. Declaration of dividend @ 40% (i.e. Rs. 2.00 per share) on equity share capital of the Company for the year ended March 31, 2011.
3. Re-appointment of Dr. Suresh Kumar Singla, Sh. S.K. Sharma & Sh. J.L. Oswal as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s. Gupta Vigg. & Co. Chartered Accountants, Ludhiana, as Auditors of the Company for a further period of one year, to hold office until the conclusion of the Next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Dr. Amrik Singh Sohi & Dr. Yash Paul Sachdeva as Directors of the Company, liable to retire by rotation.
6. Re-appointment of Sh. Dinesh Oswal, as Managing Director of the Company, for a period of 5 years w.e.f. January 01, 2012 on remuneration, terms & conditions. |
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