NEPC Textiles Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on August 17, 2007, inter alia, have accorded the following: 1. Adoption of the audited Balance Sheet of the Company as at March 31, 2007 and the Profit and Loss Account for the period ended on that date and Reports of the Directors and Auditors thereon.
2. Re-appointment of Mr. Tirupathi Kumar as a Director of the Company.
3. Appointment of the retiring Auditors M/s. Swamy & Ravi, Chartered Accountants, Coimbatore 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.
4. Appointment of Mr. Rakesh Gupta & Mr. S Rajendran, as Directors of the Company, liable to retire by rotation.
5. Authority to Board to delist the equity shares of the Company from the following Stock Exchanges: • Coimbatore Stock Exchange, Coimbatore • Madras Stock Exchange, Chennai • Calcutta Stock Exchange, Kolkatta • Ahmedabad Stock Exchange, Ahmedabad • Delhi Stock Exchange, Delhi.
6. (i) Appointment of Mr. Ravi Prakash Khemka as Chairman and Whole time Director of the Company for a period of five years w.e.f. August 17, 2007, on remuneration terms and conditions.
(ii) Appointment of Mr. Rajkumar as Whole-time Director (Business Development) of the Company for a period of five years w.e.f. August 17, 2007, on remuneration terms and conditions.
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