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Outcome of AGM

| Updated on September 29, 2011 Published on September 29, 2011

Balasore Alloys Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 29, 2011, have considered and approved unanimously the following resolutions:-

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

2. Declaration of Dividend of Rs. 0.50 per sham i.e. @ 10% on the nominal value of share.

3. Re-appointment of Mr. S. K. Pal, as Director of the Company, who retired by rotation.

4. Re-appointment of Dr. A. K. Bhattacharyya, as Director of the Company, who retired by rotation.

5. Appointment of M/s. S. R. Batliboi & Co., Chartered Accountants, as Statutory Auditors of the Company.

6. Appointment of Ms. Vartika Mittal, as a Director of the Company, liable to retire by rotation.

7. Payment of remuneration to Mr. R. K. Jena, Managing Director of the Company.

8. Payment of remuneration to Mr. C. R. Pradhan, Director-Operations of the Company.

Source : BSE - >www.bseindia.com

Published on September 29, 2011
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