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| Exchange Disseminated Time | Alkyl Amines Chemicals Ltd has informed BSE that the members at the 30th Annual General Meeting (AGM) of the Company held on July 22, 2010, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date and all other documents attached to the said documents together with the Directors' and Auditors' Reports thereon.
2. Approved declaration and payment of dividend for the year 2009-2010 at the rate of Rs. 3/- (Three Rupees) per equity share of Rs. 10 each fully paid up.
3. Appointment of Mr. Suneet Kothari, Mr. D. G. Piramal & Mr. S. B. Ghia as Directors of the Company, liable to retire by rotation.
4. Re-appointed the retiring Auditors, M/s. Bansi S. Mehta and Company, Chartered Accountants, Mumbai, as Auditors of the Company to hold office till the conclusion of the next Annual General Meeting.
5. Authority to the Board of Directors of the Company for borrowing from time to time, any sum or sums of money for the purposes of the Company upon such terms and conditions and with or without security as the Board of Directors may in its discretion think fit, notwithstanding, that the money or monies to be borrowed by the Company (apart from the temporary loans obtained or to be obtained from time to time from the Company's bankers in the ordinary course of business) together with the money already borrowed, may exceed the aggregate of the paid-up share capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purposes, provided however that the sums so borrowed and remaining outstanding on account of principal shall not, at any time exceed Rs. 250 crores (Rupees two hundred fifty crores only), subject to necessary provisions and approvals.
6. Authority for the creation by the Board of Directors on behalf of the Company of such mortgages, charges, hypothecations and floating charges in such form and such manner as may be agreed to between the Board of Directors and the Company's lenders on all or any of the immovable properties of the Company both present and future of every nature and kind whatsoever and the undertaking of the Company in certain events, to secure term loans / working capital facilities / External Commercial Borrowings / Debentures etc. not exceeding Rs. 250 crores (Rupees two hundred fifty crores only) from Financial Institutions / Banks and other agencies / parties with interest thereon, commitment charges, liquidated damages, charges, expenses and other monies, such mortgages and/or charges already created or to be created in future by the Company in such manner as may be thought expedient by the Board of Directors, subject to necessary provisions and approvals. |
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