Orbit Corporation Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on August 07, 2008, inter alia, have unanimously approved the following:
1. Adoption of the Balance Sheet as at March 31, 2008 and Profit and Loss Account for the year ended on that date together with Reports of the Directors and Auditors thereon.
2. Declaration of Final Dividend @ 25% on Equity Shares and 10% on Preference Shares.
3. Ratification of the 1st and 2nd Interim Dividend @ 15% each.
4. Re-appointment of Mr. Davendra Ahuja & Mr. P R Jindal, as Directors of the Company, liable to retire by rotation.
5. Appointment of M/s. Sharp & Tannan as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting with the authority to the Board of Directors to fix their remuneration.
6. Revision in remuneration of Mr. Ravi Kiran Aggarwal, Chairman of the Company.
7. Revision in remuneration of Mr. Pujit Aggarwal, Managing Director & CEO of the Company.
1. Adoption of the Balance Sheet as at March 31, 2008 and Profit and Loss Account for the year ended on that date together with Reports of the Directors and Auditors thereon.
2. Declaration of Final Dividend @ 25% on Equity Shares and 10% on Preference Shares.
3. Ratification of the 1st and 2nd Interim Dividend @ 15% each.
4. Re-appointment of Mr. Davendra Ahuja & Mr. P R Jindal, as Directors of the Company, liable to retire by rotation.
5. Appointment of M/s. Sharp & Tannan as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting with the authority to the Board of Directors to fix their remuneration.
6. Revision in remuneration of Mr. Ravi Kiran Aggarwal, Chairman of the Company.
7. Revision in remuneration of Mr. Pujit Aggarwal, Managing Director & CEO of the Company.
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