Shree Renuka Sugars Ltd has informed that the members at the 12th Annual General Meeting (AGM) of the Company held on January 05, 2008, inter alia, have accorded the following:
1. Adoption of the Directors Report, the Auditors Report and the Audited Balance Sheet as at September 30 , 2007 and the Profit and Loss Account for the year ended on that date.
2. Declaration of payment of dividend on 2,69,96,316 Equity Shares of Rs 10/- each at the rate of 20% of the Company.
3. Re-appointment of Mr. Nandan V Yalgi, Mr. Sidram M Kaluti & Mr. Robert Taylor as Directors of the Company.
4. Re-appointment of M/s. Ashok Kumar, Prabhashankar and Company, Chartered Accountants, Bangalore, as Statutory 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 & conditions.
5. Confirmation of dividend paid on 9% Cumulative Redeemable Preference Shares of Rs 10/- each at the rate of 9% by the Board at its meeting held on August 14, 2007 up to the date of redemption.
6. Appointment of Mr. Surender Kumar Tuteja & Mr. Nitin Puranik as Directors of the Company, liable to retire by rotation.
7. Increase in the sitting fees payable to each Director other than the Managing Director or any other Director who is in the Whole Time Employment of the Company for attending each meeting of the Board of Directors or specified Committees of the Board, subject to necessary terms & conditions.
8. Revision in the remuneration payable to Mr. Nandan V Yalgi, Director commercial with effect from October 01, 2007, on necessary terms & conditions.
1. Adoption of the Directors Report, the Auditors Report and the Audited Balance Sheet as at September 30 , 2007 and the Profit and Loss Account for the year ended on that date.
2. Declaration of payment of dividend on 2,69,96,316 Equity Shares of Rs 10/- each at the rate of 20% of the Company.
3. Re-appointment of Mr. Nandan V Yalgi, Mr. Sidram M Kaluti & Mr. Robert Taylor as Directors of the Company.
4. Re-appointment of M/s. Ashok Kumar, Prabhashankar and Company, Chartered Accountants, Bangalore, as Statutory 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 & conditions.
5. Confirmation of dividend paid on 9% Cumulative Redeemable Preference Shares of Rs 10/- each at the rate of 9% by the Board at its meeting held on August 14, 2007 up to the date of redemption.
6. Appointment of Mr. Surender Kumar Tuteja & Mr. Nitin Puranik as Directors of the Company, liable to retire by rotation.
7. Increase in the sitting fees payable to each Director other than the Managing Director or any other Director who is in the Whole Time Employment of the Company for attending each meeting of the Board of Directors or specified Committees of the Board, subject to necessary terms & conditions.
8. Revision in the remuneration payable to Mr. Nandan V Yalgi, Director commercial with effect from October 01, 2007, on necessary terms & conditions.
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