Rasandik Engineering Industries (India) Ltd has informed that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 07, 2007, inter alia, have accorded to the following:
1. Adoption of Audited Accounts for the year ended March 31, 2007 together with the Reports of Auditors and Directors thereon.
2. Declaration of payment of Dividend @ 10% per share on face value of Rs 10/- to the shareholders of the Company.
3. Re-appointment of Mr. S C Kapoor as a Director of the Company.
4. Appointment of Auditors of the Company and to fix their remuneration.
5. To the creation by the Board of Directors, on behalf of the Company, of fixed or floating charge, lien, mortgage pledge or other encumbrances over the whole or any part of the undertaking, property or assets of the Company in favour of the existing and future lenders including banks, financial institutions and other persons / bodies corporate to secure borrowings upto an aggregate amount of Rs 200 Crores (excluding overdraft / cash credit and similar facilities from bankers) of the Company.
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