Deccan Cements Ltd has informed that the members at the 27th Annual General Meeting (AGM) of the Company held on July 25, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Profit and Loss Account & Cash Flow Statement for the year ended March 31, 2007 and the Balance Sheet as on that date together with the Directors and Auditors Reports thereon.
2. Declaration of dividend at the rate of Rs 3.00 per share for the year ended March 31, 2007.
3. Re-appointment of Sri. Umesh Shrivastava as a Director of the Company, liable to retire by rotation.
4. Re-appointment of M/s. M Bhaskara Rao & Co., Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this i.e. 27th Annual General Meeting till the conclusion of the next i.e. 28th Annual General Meeting of the Company, on remuneration, terms and conditions.
5. Appointment of Sri. R S Agarwal as a Director of the Company, liable to retire by rotation.
6. Authority to the Board for borrowing from time to time any sum or sums of money Which, together with the monies already borrowed by the Company (apart from the temporary loans obtained from the Companys bankers in the ordinary course of business) may exceed the aggregate of the paid-up Capital of the Company and its free reserves, that is to say reserves not set apart for any specific purpose provided that the total so borrowed by the Board shall not any time exceed Rs 400 crores .
Source : www.indian-commodity.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment