|
| Exchange Disseminated Time | W. S. Industries (India) Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 29, 2010, inter alia, have accorded to the following :
1. Adoption of the Directors' Report to the Members and the audited Balance Sheet and the Profit and Loss Account of the Company for the year ended March 31, 2010.
2. Declaration of the payment of Preference Dividend @ 5% on 9,25,000 Cumulative Redeemable Preference Shares of Rs.100/- each, amounting to Rs.46,25,000/- for the year ended March 31, 2010 and Preference Dividend @ 10%, on pro rata basis for 262 days, for the year ended March 31, 2010 on 3,50,000 Cumulative Redeemable Preference Shares of Rs. 100/- each allotted during the year amounting to Rs. 25,12,329/-.
3. Re-appointment of Mr. K. Raman & Mr. Julian G Schroeder as a Director of the Company, liable to retire by rotation.
4. Re-appointment of M/s. S.Viswanathan, Chartered Accountants, Chennai, as Auditors of the Company to hold office from the conclusion of this Meeting till the conclusion of the next Annual General Meeting of the Company on a remuneration to be fixed by the Board of Directors.
5. Consent of the members of the Company is accorded to the Board of Directors of the Company to borrow from time to time, for the purpose of the Company's business, such sum or sums of money, as they in their absolute discretion think fit, notwithstanding that the monies so borrowed together with the monies already borrowed by the Company and remaining outstanding shall be in excess of the aggregate of the paid-up share capital and free reserves, but not exceeding Rs. 200,00,00,000/- (Rupees Two Hundred Crores only) over and above the paid up share capital and free reserves for the time being of the Company. |
|
|