Monday, August 11, 2008

Jolly Board : Outcome Of AGM - Aug 11 , 2008

Jolly Board Ltd has informed that the members at the 51st Annual General Meeting (AGM) of the Company held on August 09, 2008, inter alia, have accorded to the following:

1. Approved Audited Balance Sheet as at March 31, 2008 and Profit and Loss Account for the year ended as on that date and the Reports of the Board of Directors and Auditors thereon.

2. Declared Dividend at the rate of 10% on Preference Shares.

3. Declared Dividend at the rate of 140% on Equity Shares.

4. Reappointed of Dr. Ram S Tarneja and Dr. Kewal K Nohria who are liable to retire by rotation.

5. Appointed Messers. R A Sheth & Associates, Chartered Accountants as Auditors to hold office till the next Annual General Meeting.

6. Gave consent for re-appointment and remuneration payable to the Managing Director Mr. Arvind Jolly w.e.f. July 01, 2008.

7. Gave consent for increase in Authorised Capital from Rs 7,50,00,000 (Rs 7.5 Crores) to Rs 25,00,00,000 (Rs 25 Crores) in Memorandum and Articles of Association.

8. Gave consent for issue of Four Bonus Fully Paid Equity Shares for One Existing Equity Share.

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