Varun Shipping Company Ltd has informed that the members at the 37th Annual General Meeting (AGM) of the Company held August 01, 2008, on inter alia, have accorded to the following:
1. Adopted the audited balance sheet as at March 31, 2008 and the profit and loss account for the year ended on that date together with Auditors and Directors report thereon.
2. Declared final dividend of Rs 2 per equity share in addition to two interim dividends of Rs 1.50 each per equity share making a total of Rs 5.00 per equity share.
3. Re-appointed Mrs. Rina D Khatau & Mr. Praveen Singh as Directors of the Company.
4. Re-appointed M/s. Sorab S Engineer & Co., Chartered Accountants, as Auditors of the Company.
5. Approved re-appointment of Mr. Arun Mehta as Vice Chairman & Managing Director for a period of five years with effect from October 03, 2008 and payment of remuneration to him.
6. Approved payment of commission to the Directors (other than the Managing / Whole time Directors) not exceeding one per cent per annum of the net profit of the Company for a period of five financial years commencing from April 01, 2008.
1. Adopted the audited balance sheet as at March 31, 2008 and the profit and loss account for the year ended on that date together with Auditors and Directors report thereon.
2. Declared final dividend of Rs 2 per equity share in addition to two interim dividends of Rs 1.50 each per equity share making a total of Rs 5.00 per equity share.
3. Re-appointed Mrs. Rina D Khatau & Mr. Praveen Singh as Directors of the Company.
4. Re-appointed M/s. Sorab S Engineer & Co., Chartered Accountants, as Auditors of the Company.
5. Approved re-appointment of Mr. Arun Mehta as Vice Chairman & Managing Director for a period of five years with effect from October 03, 2008 and payment of remuneration to him.
6. Approved payment of commission to the Directors (other than the Managing / Whole time Directors) not exceeding one per cent per annum of the net profit of the Company for a period of five financial years commencing from April 01, 2008.
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