Avantel Softech Ltd has informed that the members at the 17th Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have accorded to the following:
1. Consideration and adoption of Balance Sheet as at March 31, 2007 and Profit & Loss Accounts for the year ended as on that date together with the report of the board of directors and auditors thereof.
2. Approved 10% dividend for the financial year 2006-07.
3. Re-appointment of Sri. S Venkateswara Rao & Maj Gen (Retd) S Balakrishnan, VSM as Directors.
4. Re-appointment of A Madhusudana & Co.. as Statutory Auditors of the Company.
5. Re-appointment of Sri. S Vidyasagar as Managing Director for another term of three years.
6. Appointment of Sri. N Divakar as Director (Technical) for another term of three years.
7. Re-appointment of Smt. A Sarada as Director (Accounts) for another term of three years.
8. Remuneration to Non-executive Directors.
9. Declaration of postal ballot result by chairman with specific majority regarding Amendment of Memorandum of Association of the Company by inserting clause III (a) 11 and 12.
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