|The company has informed that the members at the 71st Annual General Meeting (AGM) of the Company held on September 30, 2005, inter alia, have accorded to the following :
1. Adoption of the audited balance sheet as at March 31, 2005 and profit & Loss Account for the year ended on that date along with Directors Report thereon.
2. Declaration of dividend @ 10% for the year ended March 31, 2005.
3. Re-election of Shri Hemant Mohan & Shri L K Malhotra as Directors of the Company.
4. Re-appointment of Messers A F Ferguson & Co., Chartered Accountants, New Delhi, as Auditors of the Company Accounts of Head office and those of branches at Solan Brewary, Mohan Nagar, Kasauli and Mohangram, to hold office until the conclusion of the next Annual General Meeting of the Company.
5. Re-appointment of M/s Mohan & Co., Chartered Accountants, Lucknow, as Auditors of the Company's Lucknow Branch to hold office until the conclusion of next Annual General Meeting of the Company.
6. Appointment of Shri M Nandgopal as Director of the Company.
7. Non working directors be paid a remuneration by way of commission w.e.f. 01/04/2006 not exceeding 1% of the net profits of the company calculated as per provisions of the Companies Act, 1956.