Raymond Ltd has informed that the members at the 82nd Annual General Meeting (AGM) of the Company held on June 18, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Statements of Accounts for the year ended March 31, 2007, together with the Directors Report as also the Auditors Report thereon.
2. Declaration of dividend at the rate of 50% on equity shares of Rs 10/- each fully paid for the year ended March 31, 2007.
3. Re-appointment of Shri. Nana Chudasama & Shri. B K Kedia as Directors of the Company.
4. Re-appointment of Messrs. Dalal & Shah, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Shri. I D Agarwal as Director of the Company, liable to retire by rotation.
6. Payment of remuneration, to such Directors of the Company (other than the Chairman & Managing Director & Whole Time Director) computed on the net profit of the Company, for a period of two years commencing April 01, 2006 to March 31, 2007 & April 01, 2007 to March 31, 2008.
In our endeavor to keep nurturing quality and leadership, we always choose the path untrodden - from being the first in 1959 to introduce a polywool blend in India to creating the world's finest suiting fabric, the Super 230s made from the superfine 11.8 micron- wool.
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