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Outcome of AGM

| Updated on August 18, 2011 Published on August 18, 2011

Sakuma Exports Ltd has informed BSE that the members at the 6th Annual General Meeting (AGM) of the Company held on August 18, 2011, inter alia, have considered and approved the following:

1. Approved the Audited Annual Accounts for the year ended March 31, 2011 and the Report of Auditors and Directors thereon.

2. Ratified the dividend paid to 5% 10,00,092 Cumulative Irredeemable Preference Shares (CRPS) of Rs. 100/- each for the period beginning from April 01, 2010 to February 28, 2011 (These CRPS were redeemed on February 28, 2011. Accordingly, the dividend declared by Board of Directors was ratified by the shareholders at the AGM)

3. Declared dividend @ 10% i.e. Re. 1/- per equity share. The dividend / dividend warrants shall he paid / dispatched to the shareholders on or before September 16, 2011.

4. Re-appointed Mr. Radhe Shyam as Director of the Company. He was retiring by rotation and being eligible had offered himself for re-appointment.

5. Re-appointed M/s. A. R. Sodha & Co., Chartered Accountants as Statutory Auditors of the Company. They shall hold their office from the conclusion of 6th AGM till the conclusion of 7th AGM.

6. Re-classified the authorized share capital of the Company. Now the authorized share capital of the Company shall consist of Rs. 30,00,00,000/- (Rupees Thirty Crores) divided into 3,00,00,000 (Three Crores) equity shares of Rs. 10/- each.

7. Consequent to re-classification of authorized share capital, Clause V of Memorandum of Association of the Company was altered.

8. Consequent to re-classification of authorized share capital Article 5 of Articles of Association of the Company was altered.

Source : BSE - >www.bseindia.com

Published on August 18, 2011
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