Gwalior Chemical Industries Ltd has informed that the members at the 23rd Annual General Meeting (AGM) of the Company held on July 31, 2007, inter alia, have accorded to the following:
1. Adoption of Audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended as on that date, together with the Auditors Report and the Directors Report thereon.
2. Declaration of Dividend @ 7.5% (Re 0.75 per share) on Equity Shares of Rs 10/- each for the financial year ending March 31, 2007.
3. Re-appointment of Shri B P Kejariwal and Shri. Milan Mehta, as Directors of the Company.
4. Re-appointment of M/s Sarda & Pareek, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Shri Pratap R Merchant as a Non-Executive Independent Director of the Company, liable to retire by rotation.
6. Approval of increase in remuneration of Shri V P Biyani Executive Director and CEO of the Company, as per terms and conditions of the Company.
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