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| Exchange Disseminated Time | Bannari Amman Spinning Mills Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 29, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the year ended March 31, 2011 together with the Report of the Directors' and Auditors' thereon.
2. Declaration of Dividend at Rs. 2.00 per Equity Share of Rs. 10/- each (i.e. 20% of Equity Capital) in respect of capital paid up on March 31, 2011.
3. Appointment of Sri. S V Alagappan, Sri. V Venkata Reddy & Sri. C S K Prabhu as Directors of the Company.
4. Appointment of M/s. P N Raghavendra Rao & Co., Chartered Accounts, Coimbatore, as Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Appointment & payment of remuneration to Sri. A Senthil as Chief Executive Officer with effect from May 23, 2011, on necessary terms & conditions. |
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