19th-Sep-2011 16:30Source: BSE

Santaram Spinne - Outcome of AGM

Santaram Spinners Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 19, 2011, inter alia, have accorded to the following:

1. Receive and adoption and approval of the audited balance sheet as March 31, 2011 and profit & loss account of the company for the year ended on March 31, 2011 and the Report of the Directors' and Auditors.

2. Re-appointment of Directors in place of Mr. Paresh R. Shah who retires by rotation and being eligible offers himself for re-appointment.

3. Appointment of the M/s. R. R. Shah & Associates, Chartered Accountants as Auditor of the Company.

4. Change in terms and conditions of Managing Director of the Company.

5. Commencement of New line Business as per other object clause of Memorandum Of Association.