Taj Gvk Hotels & Resorts Ltd recommends 100% dividend

Taj Gvk Hotels & Resorts Ltd has announced that the members at the 11th Annual General Meeting (AGM) of the Company held on July 28, 2006, inter alia, have accorded to the following:

1. Adoption of audited Accounts for the year ended March 31, 2006 and the reports of the Directors and Auditors thereon.

2. Declaration of 100% dividend for the year ended March 31, 2006 on the paid up capital.

3. Re-appointment of Mr N Anil Kumar Reddy, Mr G V Sanjay Reddy, Mr Somanadri Bhupal & Dr Raymond N Bickson as Directors of the Company.

4. Re-appointment of M/s Brahmayya & Co., Chartered Accountants as Statutory Auditors of the Company to hold office till the conclusion of the next Annual General Meeting of the Company.

5. Appointment of Mr T R Prasad & Dr A Ramakrishna, as Directors of the Company.

6. The revision in the terms of appointment of Mrs Shalini Bhupal, the Executive Director of the Company, with effect from June 17, 2006 for the balance period of appointment.

Source : Equity Bulls

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