This Article is From Nov 26, 2011

KEI INDUSTRIES LTD. - Outcome of AGM

KEI INDUSTRIES LTD. - Outcome of AGM

Week begins high

Highlights

Bangalore: KEI Industries Ltd has informed BSE that the members at the 19th Annual General Meeting (AGM) of the Company held on September 15, 2011 at 10.30 A.M., inter alia, have approved all the resolutions unanimously:<p><p>1. Adoption of audited Profit & Loss Account for the year ended March 31, 2011 and Balance Sheet as at that date and the report of the Board of Directors and the Auditors thereon.<p><p>2. Approval to payment of dividend of Rs. 0.20/- per share (i.e. @10%) on each equity shares of Rs. 2/-.<p><p>3. Retirement of Ms. Archana Gupta by rotation and her re-appointment.<p><p>4. Retirement of Mr. K. G. Somani by rotation and his re-appointment.<p><p>5. Re-appointment of M/s. Jagdish Chand & Co., as Statutory Auditors till the conclusion of the next Annual General Meeting.<p><p>6. Approval of revision / variation in the terms and conditions of remuneration payable to Mr. Anil Gupta, Chairman-cum-Managing Director w.e.f. August 01, 2011 to June 30, 2013.<p><p>7. Re-appointment of Mr. Rajeev Gupta, Executive Director (Finance) w.e.f. April 01, 2011 to March 31, 2016 and revision in the terms and conditions of remuneration payable to him.

.