Outcome of AGM

Simplex Realty Ltd has informed BSE that the members at the 98th Annual General Meeting (AGM) of the Company held on August 12, 2011, inter alia, have unanimously approved the following:

1. Adoption of Audited Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the year ended on that date and the Directors’ and Auditors’ Report thereon.

2. Declaration of Dividend at the rate of 25% (Rs. 2.50 per share).

3. Re-appointment of Shri M. P. Jatia as a Director of the Company.

4. Re-appointment of Shri V. B. Haribhakti as a Director of the Company.

5. Re-appointment of M/s. Dayal and Lohia, Chartered Accountants as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting at a remuneration to be decided by the Board of Directors.

6. In accordance with the provisions of sections 198,269,309,311, Schedule XIII and other applicable provisions of the Companies Act, 1956, the re- appointment of Shri Nandan Damani as Managing Director of the Company for a period of three years with effect from June 29, 2011, upon the terms and conditions including remuneration as set out in the Agreement to be executed between the Company and Shri Nandan Damani.

Source : BSE - >www.bseindia.com

Published on August 18, 2011
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