23rd-Sep-2011 20:11Source: BSE

Suryaamba Spin - Outcome of AGM

Suryaamba Spinning Mills Ltd has informed BSE that the members at the 4th Annual General Meeting (AGM) of the Company held on September 23, 2011, inter alia, have accorded to the following:

1. Adopted the audited Financial. Results the year ended on March 31, 2011.

2. Declaration of dividend on Equity Shares and Preference Shares of the Company for the year ended on March 31, 2011.

3. Appointment of Mr. Mayank Kumar Agrawal., Director liable to retire by rotation.

4. Appointment of M/s. S.Venkatadri & Co. Chartered Accountants in place of M/s. Brahniayya & Co., Chartered Accountants as the Statutory Auditors of the company and fixation of their remuneration.

5. Re-appointment of Mr. Virender Kumar Agarwal as Managing Director of the Company and to fixation of his remuneration.

6. Re-appointment of Smt. Seema Rani Agarwal as Managing Director of the Company with a designation of joint Managing Director and fixation of her remuneration.

7. Revision of the remuneration, of Mr. Mayank Kumar Agarwal. Whole Time Director of the Company.

8. Increasing the Authorised Capital of the Company to Rs. 20 Crores.

9. Alteration of Articles of Association of the Company.

10. Further issue of Preference Shares of the Company.