Saturday, May 10, 2008

Outcome Of Mather & Platt Pump’s Agm

ather & Platt Pumps Ltd has informed that the members at the 11th Annual General Meeting (AGM) of the Company held on April 26, 2008, inter alia, have accorded the following:

1. Adoption of the Audited Balance Sheet of the Company as at December 31, 2007 and the Profit & Loss Account and the Cash Flow statement for the financial year ended on that date together with the Reports of Directors and Auditors thereon.

2. Re-appointment of Dr. Thomas Schweisfurth, Mr. Kiran Malhotra & Mr. Bomi Daruwala as Directors of the Company, liable to retire by rotation.

3. Appointment of M/s. Lodha & Company, Chartered Accountants, Mumbai as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

4. Payment of remuneration to Mr. Ravindra Pal Bhatia as Managing Director of the Company for the period from January 01, 2008 to December 31, 2008.

5. Appointment of IMBIL, Industry and Maintenance of PUMP ITA LTDA, as sole distributor for products of the Company, in the territory of Brazil, on terms & conditions.

6. Payment of remuneration to Independent Director(s) of the Company for the financial year ending December 31, 2008, on terms & conditions.

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