30th September 2012
OUTCOME OF THE 25TH ANNUAL GENERAL MEETING HELD ON 30 MAY 2012
The members of the Company in its Annual General Meeting held on 29 September 2012 at the Registered office of the Company, Trident Complex, Raikot Road, Barnala, have approved the following matters by way of passing the ordinary/special resolutions unanimously:
1. Adoption of the audited Balance Sheet as at 31 March 2012 and Profit & Loss Account for the year ended on that date alongwith the Reports of the Auditors and Directors thereon.
2. Appointment of Dr M A Zahir as director of the Company, who retires by rotation and being eligible offered himself for re-appointment.
3. Appointment of Mr Chandra Mohan as director of the Company, who retires by rotation and being eligible offered herself for re-appointment.
4. Re-appointment of M/s S C Vasudeva & Co., Chartered Accountants, New Delhi as Statutory Auditors of the Company
5. Appointment and payment of remuneration to Mr Narender Kumar Pundir as Director (Commercial) of the Company from 31 March 2012 to 14 August 2012, who was appointed as an Additional Director of the Company.
6. Re-appointment of Sh Varinder Gupta as Managing Director of the Company for next three year w.e.f. 0I September 2012 to 31 August 2015.
7. Approval to re-classify the Authorised Share Capital and alteration in the Memorandum of Association of the Company.
8. Approval to alteration in the Article of Association of the Company.