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Outcome of AGM

| Updated on September 28, 2011 Published on September 28, 2011

Eastern Treads Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 28, 2011 inter alia, have transacted the following:

1. Considered and adopted the Audited Balance sheet as at March 31, 2011 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors’ and Auditors’ thereon.

2. Reappointed Mr. M. S. Ranganathan as the director of the company, who retired by rotation and, being eligible, offered himself for re-appointment.

3. Reappointed Mr. M. S. Sebastian as the director of the company, who retired by rotation and, being eligible, offered himself for re-appointment.

4. Reappointed the retiring Auditors M/s. JVR & Associates, Chartered Accountants, Kochi 16 as the Auditors of the company for the year 2011-12 and authorised the Board of Directors to fix the Auditors’ remuneration in consultation with them.

5. Confirmed the reappointment of Mr. M. E. Mohamed as the Managing Director of the Company for a period of Five years with effect from August 26, 2011 on the terms and conditions as set out in the agreement, as recommended by the Remuneration Committee and approved by the Board at the Board meeting held on August 11, 2011.

Source : BSE - >www.bseindia.com

Published on September 28, 2011
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