| ||Outcome of AGM | 9/30/2011 6:52:23 PM|| |
| ||Sai Capital Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have accorded to the following:|
1. Adoption of the audited Balance Sheet as at March 31, 2011 and the schedules annexed thereto, and the Profit & Loss Account for the period ended as at that date together with report of the Directors' and Auditors' thereon.
2. Re-appointment of Mr. N. P. Sharma & Mrs. Juhi Singh, as Directors of the Company.
3. Re-appointment of M/s. AKG & Company, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Re-appointment of Dr. Niraj Kumar Singh as Chairman & Managing Director for a further period of 5 years with effect from October 01, 2011. Dr. Singh will not draw any remuneration from the Company in view of his appointment as Chairman & Managing Director in Sai Industries Ltd and drawing Salary.