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| Exchange Disseminated Time | Mediaone Global Entertainment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 15, 2012, inter alia, has taken the following decisions:
1. To drop the proposal to change present financial year for a period of 9 months instead of 12 months and therefore, to retain the present financial year for 12 months from June 2011 to July 2012 for operational convenience.
2. Resignation of the present Auditors M/s. R. P. Madhu & Co., Chartered Accountants, Chennai was accepted.
3. M/s. KNR Associates, Chartered Accountants, Chennai, were appointed as the Statutory Auditors of the Company for the financial year 2011-2012, subject to the approval of the shareholders to be obtained through Postal Ballot.
4. To raise additional resources upto a maximum of Rs. 100 Crores, through FPO / QIB placement / Preferential aIlotment / FCCB / GDR / ADR etc.,
5. To conduct Postal Ballot for obtaining the approval of the shareholders for the aforesaid proposals in point SI. Nos. 2 to 4. |
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