Alok Industries approves final preference dividend for 2006-07
28 Sep '07
2 min read
Alok Industries Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 25, 2007, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account for the period ending March 31, 2007 together with the Directors' Report & Auditors' Report thereon.
2.(a) Declaration of final preference dividend for the financial year 2006-07.
(b) Declaration of equity dividend of Rs 1.40 per share for the financial year 2006-07.
3. Re-appointment of Mr. Ashok G Rajani & Mr. K R Modi as Directors of the Company.
4. Re-appointment of M/s. Gandhi & Parekh as Auditors of the Company from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Increase in remuneration of Mr. Ashok B Jiwrajka - Executive Chairman, who was re-appointed as Whole-time director at the Annual General Meeting of the Company held on September 30, 2003 for a period of 5 years effective from May 10, 2003, subject to necessary provisions and approvals.
6. Increase in remuneration of Mr. Dilip B Jiwrajka, Managing Director, who was re-appointed as Whole-time director at the Annual General Meeting of the Company held on September 30, 2003 for a period of 5 years effective from May 10, 2003, subject to necessary provisions and approvals.
7. Increase in remuneration of Mr. Surendra B Jiwrajka, Joint Managing Director, who was re-appointed as Whole-time director at the Annual General Meeting of the Company held on September 30, 2003 for a period of 5 years effective from May 10, 2003, subject to necessary provisions and approvals.
8. Increase in remuneration of Mr. Chandrakumar Bubna, Executive Director, who was re-appointed as Whole-time director at the Annual General Meeting of the Company held on September 30, 2004 for a period of 5 years effective from May 01, 2004, subject to necessary provisions and approvals.
9. Increase in remuneration of Mr. Alok A Jiwrajka, a relative of three whole-time directors of the Company and holding office of place or profit under the Company.
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