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Vaibhav Gems declares dividend at rate of 5%

08 Oct '07
1 min read

Vaibhav Gems Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and Profit and Loss Account for the year ended on that date and the report of the Board of Directors and Auditors Report thereon.

2. Declaration of dividend at the rate of 5% (Rs 0.50 per share) for the year ended on March 31, 2007 on equity shares of Rs 10/- each.

3. Re-appointment of Shri. M L Mehta & Shri. S S Bhandari as Directors of the Company, liable to retire by rotation.

4. Re-appointment of M/s. Haribhakti & Co, Chartered Accountants, Mumbai and M/s. B Khosla & Co, Chartered Accountants, Jaipur as the Joint Statutory Auditors of the Company, to hold office from the conclusion of this Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

5. Re-appointment of Mr. Rahimullah as Managing Director of the Company, for a further period of 5 years from August 01, 2007 to July 31, 2012, on remuneration, terms & conditions.

Vaibhav Gems Ltd

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