Baba Arts Ltd has informed BSE that the members at the 7th Annual General Meeting (AGM) of the Company held on September 27, 2006, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2006 and the Profit & Loss Account of the Company for the year ended on that date, together with the Cash Flow Statement, Directors’ Report and the Report of the Auditors thereon.
2. Declaration of Dividend at the rate of 10% on equity shares of Rs 4/-each.
3. Re-appointment of Mr. Rajnish Khanuja, as a Director of the Company, liable to retire by rotation.
4. Appointment of M/s Prakkash Muni & Co., Chartered Accountants, Mumbai, as Statutory Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting, on remuneration, terms and conditions.
