Outcome of 16th Annual General Meeting

Outcome of the 16th Annual General Meeting held at B-42, Industrial Estate, Sanathnagar, Hyderabad – 500 018 at 9.30 a.m. on 24 September 2009 is as follows:

  1. Balance Sheet as at 31 March 2009, the Profit and Loss account for the year ended on that date together with the Reports of Directors and Auditors thereon were considered and adopted.
  2. Dividend @ Rs 4.50/- was declared on the face value of equity share of Rs 10/- each.
  3. Mr D Satish Babu, who retires by rotation has been reappointed as director of the Company.
  4. Gokhale & Co., Chartered Accountants has been reappointed as statutory auditors of the company.
  5. Mr M Ravi Kumar, has been reappointed as whole-time director of the Company.
  6. Mr Ashok Atluri, has been reappointed as Managing Director of the Company.
  7. Resolution u/s 314(1A) has been passed to enhance the limit of remuneration payable to Mr Kishore Dutt Atluri, President of the Company.