Kalpataru Power Transmission Ltd has informed that the members at the 27th Annual General Meeting (AGM) of the Company held on July 18, 2008, inter alia, have accorded the following:
1. Adoption the Audited Profit and Loss Account for the financial year ended March 31, 2008 the Balance Sheet as at that date and the Auditors Report and the Directors Report thereon.
2. Declaration of dividend at the rate of Rs 7.50 (Rupees Seven and Fifty Paise) per share of Rs 10/- each on the paid up equity shares capital of the Company for the year ended 2007-2008.
3. Re-appointment of Shri. Mofatraj P Munot, Shri. Mahendra G Punatar & Shri. Saijjanraj Mehta, as Directors of the Company, liable to retire by rotation.
4. (i) Re-appointment of M/s. Kishan M Mehta & Co. Chartered Accountants, Ahmedabad as Statutory Auditors of the Company to hold the office from the conclusion of this Meeting until conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
(ii) Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad as the Joint Statutory Auditors of the Company to hold as such from the conclusion of this Meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Re-appointment of Shri. K V Mani, as the Managing Director of the Company for a period effective from April 01, 2008 to March 31, 2010 on such remuneration, terms & conditions.
6. Modification in terms of remuneration of Shri. Manish Mohnot, Executive Director of the Company w.e.f. April 01, 2008, as recommended by Nomination and Compensation Committee for the remaining period of his tenure, on terms & conditions.
1. Adoption the Audited Profit and Loss Account for the financial year ended March 31, 2008 the Balance Sheet as at that date and the Auditors Report and the Directors Report thereon.
2. Declaration of dividend at the rate of Rs 7.50 (Rupees Seven and Fifty Paise) per share of Rs 10/- each on the paid up equity shares capital of the Company for the year ended 2007-2008.
3. Re-appointment of Shri. Mofatraj P Munot, Shri. Mahendra G Punatar & Shri. Saijjanraj Mehta, as Directors of the Company, liable to retire by rotation.
4. (i) Re-appointment of M/s. Kishan M Mehta & Co. Chartered Accountants, Ahmedabad as Statutory Auditors of the Company to hold the office from the conclusion of this Meeting until conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
(ii) Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad as the Joint Statutory Auditors of the Company to hold as such from the conclusion of this Meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Re-appointment of Shri. K V Mani, as the Managing Director of the Company for a period effective from April 01, 2008 to March 31, 2010 on such remuneration, terms & conditions.
6. Modification in terms of remuneration of Shri. Manish Mohnot, Executive Director of the Company w.e.f. April 01, 2008, as recommended by Nomination and Compensation Committee for the remaining period of his tenure, on terms & conditions.
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