Outcome of AGM

Rane Engine Valve Ltd has informed BSE that the members at the 39th Annual General Meeting (AGM) of the Company held on July 20, 2011, inter alia, have :

1. Adopted the Audited Balance Sheet as at March 31, 2011 and Profit & Loss account for the year ended March 31, 2011 together with the report of the Directors and Auditors thereon.

2. (a) Approved the interim dividend of Rs. 3/- per equity share of Rs. 10/- each, declared by the Board of Directors on January 24, 2011 and paid in February, 2011; and

(b) Declared a final dividend of Rs. 2/- per equity share of Rs. 10/- each, for the year ended March 31, 2011.

3. Re-appointed Mr. L Lakshman and Mr. R Jagannath as directors of the company

4. Re-appointed M/s Brahmayya & Co., Chartered Accountants as Auditors of Company to hold office from the conclusion of this AGM until the conclusion of the next AGM on a remuneration as may be determined by the Board of Directors of Company.

5. Approved the re-appointment of Mr. L Ganesh as Managing Director of the Company for a period of three years with effect from April 01, 2011.

Source : BSE - >www.bseindia.com

Published on July 20, 2011


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