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Outcome of AGM

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

Jay Bharat Maruti Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on August 18, 2011, inter alia, have approved the following:

1. Adoption of Balance Sheet & Profit & Loss Accounts for the financial year 2010-11, Directors & Auditors Report thereon.

2. Declaration of dividend @ 40% for the financial year 2010-2011.

3. Re-appointment of Mr. Uday Chand Aggarwal as Director of the Company.

4. Re-appointment of Mr. Achintya Karati as Director of the Company.

5. Re-appointment of M/s. Mehra Goel & Company, Chartered Accountants as auditors of the Company.

6. Increase the overall limits of the borrowing power of the Company from Rs. 300/- Crore to Rs. 400/- Crore.

7. Increase the overall limits for creating mortgage/ hypothecation on the assets upto an aggregate amount of Rs. 400/- Crore.

Source : BSE - >www.bseindia.com

Published on August 18, 2011
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