Gulshan Polyols Ltd has informed BSE that the members at the 10th Annual General Meeting (AGM) of the Company held on September 25, 2010, inter alia, have passed the following resolutions: 1. Adoption of the Audited Balance sheet as at March 31, 2010 and Profit & Loss A for the year ended on that date and the Directors' and the Auditors' Report thereon. 2. Declared and approved the dividend at the rate of Rs 1.25/- per Equity Share of Face value of Rs. 5/- (25%) for the Financial Year 2009-10. 3. Re-appointment of Mr. K. K. Pandey and Mrs. Mridula Jain, Directors of the Company, who retire by rotation at this Annual General Meeting. 4. Re-appointment of M/s. Shahid & Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold the office from the conclusion of this Annual General meeting to the conclusion of the next Annual General Meeting and authorized the Board to fix their remuneration. 5. The Members approved the appointment of Ms. Arushi Jain and Ms. Aditi Pasari, Additional Directors as Whole Time Directors of the Company on the remuneration, as fixed by the Board of Directors. 6. The Members approved the office of Mr. Shiv Kumar Uppal as the Whole Time Director of the Company from January 01, 2010 to January 18, 2010 on the remuneration as fixed by the Board of Directors. 7. The Members approved the Alteration in Article 147 (Common Seal Provision) of the Articles of Association of the Company. 8. The Members approved the Alteration in Article 10B (Terms and Conditions of Redeemable Preference Share provision) of the Articles of association of the Company.
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