Elder Pharmaceuticals Ltd has informed BSE that the shareholders at the 26th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have passed the following resolutions:
1. For declaration of dividend @ 25% for the year ended March 31, 2009.
2. For re-appointment of M/s. S. S. Khandelwal & Co. Chartered Accountants, Mumbai as Auditors of the Company.
3. For re-appointment of Dr. S. Jayaram, Mr. Michael Bastian & Mrs. Urvashi Saxena as Directors whose period of office shall liable to retirement by rotation.
4. For re-appointment of Mr. Jagdish Saxena as the Managing Director of the Company.
5. For authorizing Board u/s 81 and 81(1A) of the Companies Act, 1956 for raising the funds to the extent of USD 50 million.
6. For authorizing the Board of Directors to borrow up to Rs. 1000.00 crores.
7. For authorizing the Board of Directors to create charge, mortgage on Companys property for securing loans.
| NIFTY 
