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| Exchange Disseminated Time | Muthoot Capital Services Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on September 24, 2009, inter alia, have accorded to the following:
1. Adoption of profit and loss account for the year ended March 31, 2009, the Balance Sheet as at that date and the reports of the Directors and the Auditors thereon.
2. Declaration of dividend @ Rs 2/- per share (Rupees Two only) per share on Equity Shares of Rs 10/- each fully paid up.
3. Re-appointment of Mr. Thomas John Muthoot & Mr. Phillip Thomas as Directors of the Company.
4. Re-appointment of M/s. K Venkatachalam Aiyer & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Increase the Authorised Share Capital of the Company from Rs 7,00,00,000/- (Rupees Seven Crores only) divided into 70,00,000 (Seventy Lakhs only) equity shares of Rs 10/- (Rupees ten only) each to Rs 15,00,00,000/- (Rupees Fifteen Crores only) divided into 1,50,00,000 (One Crore Fifty Lakhs only) equity shares of Rs 10/- ( Rupees Ten only) each by creation of 80,00,000 ( Eighty Lakhs only) equity shares of Rs 10/- (Rupees Ten Only) each ranking pari passu in all respect with the existing equity shares & consequential amendment in the Memorandum & Articles of Association of the Company.
6. Authority to the Board to create, offer and issue (on such terms as is permitted by applicable law), to the Equity shareholders of the Company as on the record date (to be fixed for the purpose) or to such other persons who may or may not be the shareholders of the Company, upto 65,00,000 (Sixty Five Lakhs) equity shares of Rs 10/- (Rupees Ten only) each of the Company in the ratio of one right share for each equity share held with the Company (the "Rights Issue") at a price including premium to be determined in consultation with the Lead Managers and / or other Advisors on such terms and conditions as the Board may at its absolute discretion decide at the time of issue of the shares, subject to necessary provisions & approvals. |
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