Morgan Industries Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2007 and the Profit and Loss Account for the 9 month period ended on that date together with the Notes thereon and the Schedules thereto and the reports of the Auditors and the Directors.
2. Re-appointment of Shri. V Balasubramanian & Shri. V Rajamani, as Directors of the Company, liable to retire by rotation.
3. Appointment of M/s. R Subramanian And Company, Chartered Accountants, Chennai, as Auditors of the Company to hold office till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Re-appointment of Shri. Ashok Balasubramanian as Managing Director of the Company for a period of five years from April 01, 2006 to March 31, 2011, on remuneration, terms & conditions.
5. Revision of the terms of remuneration payable to Shri. V Venkataraman, Executive Director of the Company with effect from May 01, 2007 during the remaining part of his tenure till June 30, 2008.
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