What was discussed in Hindalco Industries Meeting

 

Current news about stock :

The Mahan project is scheduled to be commissioned this fiscal year and will achieve capacity utilization levels of 45-50% by FY14.
This project was postponed for sometime due to supporting power plant coal feedstock allocation problems.
Companies Hirakud plant was closed during august 2012 by the order of the State Pollution Control Board due to a breach in the ash pond that overflowed into the agricultural land

Nse india has updated status of outcomes of recent discussion dated 27-Sep-2012 20:11

Here is the textual matter extracted from the announcement

 

CONTINUATION SHEET
The Meeting commenced at 2.30 p.m. The Chairman declared that
the requisite quorum was present and called the meeting to order.
With the consent of the shareholders present, the notice convening
the Meeting was taken as read by the Chairman.
Thereafter at the instance of Chairman, the Company Secretary read
the Auditor’s Report. He announced the number of proxies and also a
small correction in page nos. 151 and 152 of the Annual Report
containing the notes forming part of the Consolidated Financial
Statements.
Thereafter the Chairman’s speech was read out and the Chairman
invited Question and Answers on the same.
The following resolutions were then put to vote and passed by the
shareholders with a requisite majority as specified in the notice of the
Meeting.
1. Adoption of the Audited Balance Sheet as at 31$‘ March, 2012
and Profit and Loss Account for the year ended on that date,
the Report of the Directors and the Auditors thereon.
2. Declaration and sanction of payment of dividend on equity
shares for the financial year 2011-2012.
3. Re—appointment of Smt. Rajashree Birla who retires from office
by rotation.
4. Re—appointment of Mr.K.N.Bhandari who retires from office by
rotation.
5. Re—appointment of Mr.N.J.Jhaveri who retires from office by
rotation
6. Re—appointment of M/ s. Singhi 85 Co. Chartered Accountants,
Kolkata, as Statutory Auditor of the Company.
7. Appointment of Mr. Meleveetil Damodaran as a Director.
8. Approval under Section 293(l)(a) of the Companies Act, 1956.

 

 

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