Kanohar Electricals Ltd has informed that the members at the 35th Annual General Meeting (AGM) of the Company held on August 28, 2007, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007 and Profit and Loss Account for the year ended on that date together with reports of Auditors and Directors thereon.
2. Re-appointment of Shri. Dinesh Singhal & Shri. Adesh Singhal as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. S S Gupta & Co., Chartered Accountants, Meerut, 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 and conditions.
4. Appointment and fixing of remuneration of Shri. Kanohar Lal Singhal, Shri. Adesh Singhal and Shri. Brijesh Singhal as Whole Time Directors of the Company for a period of 3 years with effect from June 01, 2007, on terms & Conditions.
5. Appointment and fixing of remuneration of Shri. Dinesh Singhal as Managing Director of the Company for a period of 3 years with effect from June 01, 2007, on terms & Conditions.
6. Authority to the Board for borrowing any sum or sums from time to time for the purpose of the business of the Company, not withstanding that the moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in the ordinary course of business) upto 200,00,00,000/- . As outstanding at any time and from time to time in excess of its paid up capital and free reserves not set apart for specific purpose.
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