This Article is From Nov 23, 2011

Marathon Nextgen Realty Ltd - Outcome of AGM

Marathon Nextgen Realty Ltd - Outcome of AGM
Marathon Nextgen Realty Ltd has informed BSE that the members at the 33rd Annual General Meeting (AGM) of the Company held on September 29, 2010, inter alia, have accorded to the following:  1. The Audited profit and loss A/c for the year ended March 31, 2010 and the Balance Sheet as on that date were considered and approved.  2. The Members approved a dividend of 6% on Preference Shares of Rs .100/each.  3. The Members also approved the Dividend of Rs. 2.00 per equity share of Rs. 10/- each including the Interim Dividend of Rs. 1.50 /share already paid + Final Dividend(payable) of Rs.0.50  together with a one time Special Dividend of Rs. 1.50 per equity share to the eligible shareholders of the Company.  4. Mr. V. Ranganathan was re-appointed as a Director of the Company, liable to retire by rotation.  5. M/s. Haribhakti & Co, Chartered Accountants was re-appointed as Statutory Auditors of the Company till the conclusion of next Annual General Meeting.  6. Mr. Chetan R Shah, Chairman & Managing Director of the Company was re-appointed for further term of 3 years w.e.f. July 01, 2010.

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