The Company has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2012, inter alia, has passed the following resolutions:
1: Appointment of the Cost Auditor.
2: Appointment of the Statutory Auditor.
3: Declared dividend of Rs. 0.40 for the year ended March 31, 2012.
4: Mr. Satish Kumar Dheri has been appointed as an independent director of the Company.
5: In pursuance to section 81(1A) the issue of further equity shares of the Company.
6: Mr. Nitin M. Shah and Mr. Rahul N. Shah re-appointed as Managing Director and Executive Director respectively.
7: Fixed date and time of the next Annual General Meeting of the Company and other related matters.