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| Exchange Disseminated Time | Kothari Products Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 18, 2008, inter alia, have accorded the following:
1. Adoption of the Audited Balance sheet of the Company as at March 31, 2008 and the Profit & Loss Account for the financial year ended on that date and the Reports of the Directors’ and Auditors’ thereon.
2. Declaration of Dividend for the aforesaid financial year @ 100%.
3. Re-appointment of Sri. M M Kothari & Sri. Vikas Chaturvedi, as Directors who retires by rotation.
4. Re-appointment of M/s. Mehrotra & Mehrotra, Chartered Accountants, as Auditors of the Company and authorization of the Board of Directors of the Company to fix their remuneration.
5. Re-appointment of Sri. M M Kothari as Chairman (Executive) for a further period of one year w.e.f. October 01, 2008, who shall be liable to retire by rotation.
6. Re-appointment of Sri. Deepak Kothari as Managing Director of the Company for a further period of five years w.e.f. October 12, 2008, who shall not be liable to retire by rotation.
7. Re-appointment of Sri. Mitesh Kothari as Executive Director (Production) of the Company for a further period of five years w.e.f. October 01, 2008, who shall not be liable to retire by rotation.
8. Noting of the Special Resolution passed through Postal Ballot by the members on February 18, 2008 regarding Alteration of the objects clause of the Memorandum of Association of the Company. |
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