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| Exchange Disseminated Time 17/08/2016 08:25:28 | Sanwaria Agro Oils Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 16, 2016, inter alia, has transacted the following;
1. The Board has approved, subject to approval of Members and applicable regulatory authorities, inter alia, issuance of 2,00,00,000 (Two Crore) Equity shares at a price of Rs. 25/- (Twenty Five) per Equity shares amounting to Rs. 50,00,00,000 (Fifty Crores) by a way of preferential allotment pursuant to the provisions of Section 42 and Section 62 and other applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations as amended;
2. The Board has approved the day, date, time and venue for the 25th Annual General Meeting of the Company to be held on September 16, 2016 at the Registered Office of the Company at E-1/1, Arera Colony, Bhopal - 462016 (M.P.) at 9.00 A.M.
3. The Board has approved the draft notice of the 25th Annual General Meeting.
4. The Board has appointed Mr. P. K. Rai as the Scrutinizer for scrutinizing the E-voting and poll to be held in 25th Annual General Meeting.
5. The Board considered and approved the private placement offer letter (Form PAS-4) as per the provisions of Section 42 of the Companies Act, 2013 read with Rule 14(1) of Companies (Prospectus and Allotment of Securities) Rules, 2014 pertaining to Preferential allotment of the Company.
6. The Board considered and approved the appointment of M/s Yogesh Chourasia and Associates as the Cost Auditor of the Company for the FY 2015-17.
7. The Board considered and approved the Directors' Report, Corporate Governance Report and Management Discussions and Analysis Report for the Year ended March 31, 2016.
8. The Board considered and approved the Secretarial Audit Report.
9. The Board considered and approved the Auditor Certificate on Corporate Governance. |
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