Page Industries Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on July 26, 2008, inter alia, have accorded to the following:
1. Adoption of the Profit and Loss Account for the year ended on March 31, 2008 and the Balance Sheet as at that date together with the Report of the Board of Directors & Auditors.
2. Considers two interim dividends, aggregating to Rs 10 per equity share of Rs 10/- each (i.e. 100%) declared and paid out of the profits of the Company for the financial year 2007-08 as final dividend.
3. Re-appointment of Mr. Nari Genomal and Mr. Timothy Ralph as Directors of the Company.
4. Re-appointment of M/s. Haribhakti & Co., Chartered Accountants, Mumbai as Auditors of the Company till the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Authority to the Board for the payment of a sum not exceeding Rs 9,00,000 (Rupees Nine Lakhs only), (excluding sitting fees) subject to the limit prescribed in the Companies Act, 1956, to be paid to and distributed amongst the Directors of the company or some or any of them (other than Managing Directors / Whole-time Directors) in such amounts, subject to such ceiling(s) and in such manner and in such respects as may be decided by the Board of Directors and such payments shall be made for the financial year 2008-09.
1. Adoption of the Profit and Loss Account for the year ended on March 31, 2008 and the Balance Sheet as at that date together with the Report of the Board of Directors & Auditors.
2. Considers two interim dividends, aggregating to Rs 10 per equity share of Rs 10/- each (i.e. 100%) declared and paid out of the profits of the Company for the financial year 2007-08 as final dividend.
3. Re-appointment of Mr. Nari Genomal and Mr. Timothy Ralph as Directors of the Company.
4. Re-appointment of M/s. Haribhakti & Co., Chartered Accountants, Mumbai as Auditors of the Company till the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Authority to the Board for the payment of a sum not exceeding Rs 9,00,000 (Rupees Nine Lakhs only), (excluding sitting fees) subject to the limit prescribed in the Companies Act, 1956, to be paid to and distributed amongst the Directors of the company or some or any of them (other than Managing Directors / Whole-time Directors) in such amounts, subject to such ceiling(s) and in such manner and in such respects as may be decided by the Board of Directors and such payments shall be made for the financial year 2008-09.
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