Outcome of AGM

| Updated on January 20, 2011 Published on January 20, 2011

Nelco Ltd has informed BSE that the members at the 68th Annual General Meeting (AGM) of the Company held on January 19, 2011, inter alia, have approved the following:

1. Adopted the audited profit and loss account for the period ended September 30, 2010 and the audited balance sheet as at that date together with the reports of the Board of Directors and the Auditors thereon.

2. The dividend of Rs. 2/- (including Re 1/- as special dividend) per equity share of Rs. 10/- each.

3. The reappointment of Mr B B Dubahs, Mr. S Ramakrishnan & Mr. P. K. Ghose as Directors of the Company liable to retire by rotation.

4. The reappointment of M/s. Deloitte Haskins and Sells, Chartered Accountants as Statutory Auditors of the Company to hold the office till the conclusion of the next Annual General Meeting of the Company.

5. Amendment of the Articles of Association of the Company as regard the provision for affixing of common seal.

Source : BSE - >www.bseindia.com

Published on January 20, 2011
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