Friday, August 1, 2008

Mahindra Forgings : Outcome Of AGM - Aug 01 , 2008

Mahindra Forgings Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on July 29, 2008, inter alia, have accorded to the following:

1. Audited Annual Accounts of the Company for the ended March 31, 2008 has been adopted.
2. Re-appointment of Mr. Nikhilesh Panchal, Mr. V K Chanana and Mr. Zhooben Bhiwandiwala as Directors of the Company.
3. Appointment of M/s. B K Khare & Co., Chartered Accountants as Statutory Auditors of the Company.
4. Appointment of Mr. Oliver Scholz as a Director of the Company.
5. Approval by the members of the Amendment to Mahindra Forgings Ltd Employees Stock Option Scheme by way of a Special Resolution, increasing the maximum limit of Stock Options from 14,01,029 equity shares to 34,28,386 equity shares i.e. 5% of the issued and paid-up equity share capital of the Company as on March 31, 2008.

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