Bajaj Hindusthan Ltd has informed that the members at the 76th Annual General Meeting (AGM) of the Company held on February 26, 2008, inter alia, have approved the following:
1. Audited Balance sheet as on September 30, 2007, the Profit and Loss account and cash Flow statement for the year ended on that date and the reports of Directors and Auditors report thereon.
2. Dividend at the rate of 60% (Rs 0.60 per Share) on Equity Shares of Re 1/- each for the year ended September 30, 2007.
3. Re-appointment of Mr. Suresh A Kotak & Mr. Ravindrakumar V Ruia as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s. Dalal & Shah, as Statutory Auditors to hold office from the conclusion of this Annual General Meeting until the conclusion of the next (77th) Annual General Meeting of the Company.
5. Appointment of Mr. Alok Krishna Agarwal as Director of the Company, liable to retire by rotation.
6. Appointment of Mr. Kushagra Bajaj as Director of the Company, not liable to retire by rotation.
7. Appointment and Remuneration of Mr. Kushagra Bajaj as Joint Managing Director of the Company for 5 year w.e.f. April 24, 2007.
8. Revision in remuneration of Mr. Shishir Bajaj as Chairman & Managing Director of the Company.
9. Payment of the existing remuneration as the Minimum Remuneration in terms of the requirement of Schedule XIII to the Companies Act, 1956 to Mr. I D Mittal, Chief Executive Director during October 01, 2006 to October 18, 2007.
1. Audited Balance sheet as on September 30, 2007, the Profit and Loss account and cash Flow statement for the year ended on that date and the reports of Directors and Auditors report thereon.
2. Dividend at the rate of 60% (Rs 0.60 per Share) on Equity Shares of Re 1/- each for the year ended September 30, 2007.
3. Re-appointment of Mr. Suresh A Kotak & Mr. Ravindrakumar V Ruia as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s. Dalal & Shah, as Statutory Auditors to hold office from the conclusion of this Annual General Meeting until the conclusion of the next (77th) Annual General Meeting of the Company.
5. Appointment of Mr. Alok Krishna Agarwal as Director of the Company, liable to retire by rotation.
6. Appointment of Mr. Kushagra Bajaj as Director of the Company, not liable to retire by rotation.
7. Appointment and Remuneration of Mr. Kushagra Bajaj as Joint Managing Director of the Company for 5 year w.e.f. April 24, 2007.
8. Revision in remuneration of Mr. Shishir Bajaj as Chairman & Managing Director of the Company.
9. Payment of the existing remuneration as the Minimum Remuneration in terms of the requirement of Schedule XIII to the Companies Act, 1956 to Mr. I D Mittal, Chief Executive Director during October 01, 2006 to October 18, 2007.
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