Wednesday, July 16, 2008

Mysore Petro - Outcome of AGM - July 16, 2008

Mysore Petro Chemicals Ltd has informed that the shareholders at the 38th Annual General Meeting (AGM) of the Company held on July 12, 2008, inter alia, have approved the following:

1. Adoption of Audited Statement of Accounts of the Company for the year ended March 31, 2008 and the Directors Report.

2. Declaration of Dividend on equity shares @ 10%.

3. Re-appointment of Mr. Nikunj Dhanuka as the Director of the Company liable to retire by rotation.

4. Re-appointment of M/s. Hariharan & Co., Chartered Accountants, Bangalore as the Statutory Auditors of the Company from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company at a remuneration to be fixed by the Board of Directors.

5. Appointment of Mr. Anil Kochar as the Director of the Company liable to retire by rotation.

6. Re-appointment of Mr. M M Dhanuka as the Managing Director of the Company for a further period of five (5) years w.e.f. December 01, 2008.

7. Alteration of Articles of Association U/s. 31 of the Companies Act, 1956 by insertion of Clause 5A after Clause 5 under the heading CAPITAL.

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