Saturday, October 4, 2008

Orbit Exports Ltd Has Informed - Oct 4, 2008

Orbit Exports Ltd has informed that the members at the 25th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have accorded the following:

1. The Audited Profit and Loss Account for the period ended March 31, 2008 and the Balance Sheet as at that date together with the Report of Board of Directors and Auditors thereon, were adopted by the shareholders.

2. Mr. Vishnu Ajitsaria who retires by rotation was re-appointed as a Director of the Company.

3. Mr. Manoj Jain, who retires by rotation was re-appointed as a Director of the Company.

4. M/s. Krishna R Moondra & Associates Chartered Accountants, the retiring Auditors of the Company, were appointed as Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting on such remuneration as may be determined by the Board of Directors.

5. The Shareholders approved the Special Resolution authorizing Increase in Remuneration of Mrs. Anisha Seth Director- Marketing from Rs 1,50,000/- to Rs 2,00,000, effective from April 01, 2008, for the remaining period of her tenure is up to August 31, 2009.

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