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Stock Report
Godrej Industries declares dividend at Rs.5 per share
Posted On : 2006-08-26 01:48:35( TIMEZONE : IST )
Godrej Industries Ltd has announced that the members at the 18th Annual General Meeting (AGM) of the Company held on July 24, 2006, inter alia, have also accorded to the following:
1. Adoption of the Balance Sheet as at March 31, 2006, the Profit & Loss Account and Cash Flow Statement for the year ended March 31, 2006, the Directors & Auditors´ Report thereon.
2. Declaration of dividend at the rate of Rs 5/- per equity share for the year ended March 31, 2006.
3. Re-appointment of Mr J N Godrej, Ms T A Dubash, Mr V F Banaji & Mr M Eipe, as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s Kalyaniwalla & Mistry, Chartered Accountants, as the Auditors of the Company, to audit the Accounts of the Company until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Re-appointment of Ms T A Dubash, as Whole-Time Director of the Company designated as Executive Director & President (Marketing), for a period of three years from April 01, 2007 to March 31, 2010, on remuneration, terms & conditions.
6. Re-appointment of Mr V F Banaji, as Whole-Time Director of the Company designated as Executive Director & President (Group Corporate Affairs), for a period of three years from April 01, 2007 to March 31, 2010, on remuneration, terms & conditions.
7. Re-appointment of Mr Mathew Eipe, as Whole-Time Director of the Company designated as Executive Director & President (Chemicals), for a period of three years from April 01, 2007 to March 31, 2010, on remuneration, terms & conditions.
8. Re-appointment of Mr M P Pusalkar, as Whole-Time Director of the Company designated as Executive Director & President (Corporate Projects), for a period of three years from April 01, 2007 to March 31, 2010, on remuneration, terms & conditions.
9. Revision in remuneration payable to Mr Pirojsha A Godrej, (son of Mr. A B Godrej, Chairman of the Company), with effect from April 01, 2006, on terms & conditions.
