27th-Jul-2011 16:18Source: BSE

Novartis India - Outcome of AGM

Novartis India Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on July 26, 2011, inter alia, have approved the following:

1. Dividend of Rs. 10/- per equity share of Rs. 5 each;

2. Appointment of M/s. Lovelock & Lewes, Chartered Accountant as Statutory Auditors of the Company. The retiring Auditors M Price Waterhouse has expressed their inability to continue as Statutory Auditors of the Company;

3. Re-appointment of Mr. R. Shahani as a Director;

4. Variation in the terms and conditions of appointment of Mr. R. Shahani as Vice Chairman & Managing Director.