Kar Mobiles Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on July 25, 2008, inter alia, have accorded the following:
1. Adopted the Audited Balance Sheet as at March 31, 2008 and Profit & Loss $count for the year ended March 31, 2008 together with the report of the Directors and Auditors.
2. Approved the interim dividend of 40% paid on March 27, 2008 as the final dividend on 2,240,000 equity shares of Rs 10/- each fully paid-up for the year ended March 31, 2008.
3. Re-appointed Mr. A S Lakshmanan & Mr. L Ganesh as Directors of the Company.
4. Re-appointed M/s. Varma & Varma, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the next AGM on a remuneration as may be determined by the Board of Directors of the Company.
5. Increased the borrowing powers of the Board of Directors to Rs 350 million in terms of Section 293(1)(d) of the Companies Act, 1956.
6. Approved the payment of commission to Mr. L Ganesh, Chairman.
1. Adopted the Audited Balance Sheet as at March 31, 2008 and Profit & Loss $count for the year ended March 31, 2008 together with the report of the Directors and Auditors.
2. Approved the interim dividend of 40% paid on March 27, 2008 as the final dividend on 2,240,000 equity shares of Rs 10/- each fully paid-up for the year ended March 31, 2008.
3. Re-appointed Mr. A S Lakshmanan & Mr. L Ganesh as Directors of the Company.
4. Re-appointed M/s. Varma & Varma, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the next AGM on a remuneration as may be determined by the Board of Directors of the Company.
5. Increased the borrowing powers of the Board of Directors to Rs 350 million in terms of Section 293(1)(d) of the Companies Act, 1956.
6. Approved the payment of commission to Mr. L Ganesh, Chairman.
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