23rd-Sep-2011 16:59Source: BSE

Silktex - Outcome of AGM

Silktex Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 23, 2011, inter alia, have approved the following:

1. Adoption of the audited Balance Sheet as at March 31, 2011, the Profit and Loss Account and Cash Flow Statement for the year ended on that date together with Directors' Report and Auditors' Report thereon.

2. Re-appointment of Sri. Sandeep Kumar Churiwala and Sri. Saket Kumar Churiwala as Directors of the Company, liable to retire by rotation.

3. Re-appointment of M/s. G. Bagrodia & Company, Chartered Accountants, Bangalore, as Auditors of the Company for the financial year 2011-2012 from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company.

4. Approved the remuneration payable to Ms. Sanyukta Churiwala the relative of Directors under Section 314(1) of the Companies Act, 1956.