With reference to the Notice dated June 21, 2011 convening Annual General Meeting, this is to announce that the 6th Annual General Meeting (AGM) of the Company was held in order on September 2, 2011. At the said meeting, the members have considered and approved the following and necessary resolutions have been passed with requisite majority without any modifications.

  1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the year ended on that date together with the reports of Directors and Auditors thereon.
  2. Declaration of dividend @ 25% (Rs. 2.50/- per equity share of Rs. 10 each) for the financial year 2010-11.
  3. Re-appointment of Dr. Ram Nath Sharma as a Director of the Company, liable to retire by rotation.
  4. Re-appointment of Lt. Gen. Deepak Summanwar a Director of the Company, liable to retire by rotation.
  5. Re-appointment of Shri Chandan Bhattacharya a Director of the Company, liable to retire by rotation.
  6. Re-appointment of Kalyaniwalla & Mistry, Chartered Accountants, as Statutory Auditors of the Company for the Financial Year 2011-12.
  7. Payment of remuneration by way of commission, not exceeding one percent per annum of the net profits of the Company to Non-Executive Directors.
  8. Appointment of Ms. Sukriti Kumar, relative of an Executive Director, holding office of place of profit in the Company.
  9. Appointment of Shri Chetan Mehra as an Executive Director of the Company for 5 years w.e.f. September 2, 2011.