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| Exchange Disseminated Time | LGB Forge Ltd has informed BSE that the members at the 5th Annual General Meeting (AGM) of the Company held on June 15, 2011, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet for the year ended March 31, 2011 and the Profit & Loss Accounts as at that date and the Reports of the Directors and the Auditors thereon.
2. Re-appointment of Sri. K N V Ramani & Shri. Harsha Lakshmikanth as Directors of the Company.
3. Re-appointment of the retiring auditors M/s. Haribhakti & Go, Chartered Accountants, Statutory Auditors, as Auditors of the Company to hold office from the conclusion of this Annual general meeting till the conclusion of the next Annual General Meeting on a remuneration, terms & conditions.
4. Authority to the Board to create such Charges, Mortgages and Hypothecations on such movable and / or immovable properties, both present and future, and in such manner as the Board may deem fit, in favour of Banks / Financial Institutions and other Investing Agencies to secure Term Loan availed or proposed to be availed by the Company, provided that the total amount of loans shall not, at any time exceed the limit of Rs.300 Crores, subject to necessary provisions & approvals. |
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