Wednesday, August 6, 2008

Infotech Enterprises - Outcome Of AGM - Aug 06 , 2008

Infotech Enterprises Ltd has informed that the members at the 17th Annual General Meeting (AGM) of the Company held on July 23, 2008, inter alia, have passed the following resolutions:

1. To receive, consider and adopt the Report of Directors, Profit and Loss Account for the financial year ended on March 31, 2008 and the Balance sheet as at that date and the report of Auditors thereon.

2. Declaration a dividend at the rate of 24% on equity shares and Rs 1.20 per CCPS for the year ended 2007-08.

3. Appointment of Mr. Ranjan Chak, Mr. Paul Adams & Mr. GV Prasad as Directors of the Company, who retired by rotation.

4. Appointment of M/s. Price Waterhouse, Chartered Accountants, who retired at the conclusion of this AGM, as Statutory Auditors of the Company, up to the conclusion of the next AGM.

5. Appointment of Mr. William Grabe as a director of the Company liable to retire by rotation under section 257 of the Companies Act, 1956.

6. Revision of the Remuneration of Mr. Krishna Bodanapu, under section 314 of the Companies Act, 1956 by passing a special resolution.

7. Issue of 1,000,000 equity shares of Rs 5/- each to the associates of the Company and its subsidiaries under Section 81(1A) of the Companies Act, 1956, by passing a special resolution.

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