Rajeswari Foundations Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on September 26, 2007, inter alia, have accorded to the following:
1. Adoption of the Profit & Loss Account for the year ended March 31, 2007 and Balance Sheet as at that date and the Report of the Board of Directors and auditors.
2. Declaration of Dividend of 10% (Re 1 per Equity Share) for the year ended March 31, 2007.
3. Re-appointment of Mr. D Sekaran and Mr. N P Jaganathan as Directors of the Company.
4. Appointment of Mr. R Sundararajan, Chartered Accountant, Chennai as Auditor of the Company to hold office from the conclusion of this Annual General Meting up to the conclusion of the next Annual General Meting of the Company, on remuneration, terms and conditions.
5. Authority to revise the terms of remuneration payable to Mrs. G Ramamurthy, the Managing Director of the Company with effect from April 01, 2007 for the residual term of office till September 30, 2008 as per the terms and conditions set out in resolution.
6. Authority to revise the terms of remuneration payable to Mrs. R Usha, the Whole-Time Director of the Company, with effect from April 01, 2007 for the residual term of office till October 30, 2010 as per the terms and conditions set out in resolution.
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