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| Exchange Disseminated Time | PBA Infrastructure Ltd has informed BSE that the members at the 37th Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have transacted the following:
1. Adoption of the Audited Statement of the Accounts for the financial year ended March 31, 2011 along with Directors', Auditors & Corporate Governance Report thereon.
2. Declaration of dividend of Re. 1/- per equity share for the year March 31, 2011.
3. Re-appointment of Mr. Sudhakar M. Thorat as an Independent Director of the Company.
4. Re-appointment of Mr. Ajay B. Garg, Chartered Accountants, as Statutory Auditors of the Company, to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Authority to the Board to create, issue, offer and allot (including with provisions for reservation on firm and/or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), Equity Shares and /or Equity Shares through depository receipts including American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and/ or Convertible Bonds, Fully Convertible Debentures (FCDs) / Partly Convertible Debentures (PCDs), Optionally Convertible Debentures (OCDs) and/ or other securities convertible into Equity Shares at later date, at the option of the Company and/or the holder(s) of such securities (the "Securities"), as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal advisors may at any time decide, by the way of one or more public or private offerings in domestic and/ or one or more international market(s), with or without a green shoe option, or issued / allotted through Qualified Institutions Placement in accordance with the Regulations for "Qualified Institutions Placements prescribed under Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009, as amended ("SEBI Regulations"), or by any one or more or a combination of the above modes/methods or otherwise and at such time or times and in one more tranches, whether rupee denominated or denominated in foreign currency, to any eligible Qualified Institution Buyers including Foreign Institutions Investors, resident/ non-resident investors(whether institutions incorporated bodies, mutual funds, individuals or otherwise), Venture Capital Funds (Foreign or Indian), Indian and/ and or Multilateral Financial Institutions, Mutual Funds, Non Residents Indians stabilizing agents and/ or any other categories of investors, whether they be holders of the Equity Shares of the Company or not ("Investors") whether or not such Investors are members of the Company, as may be deemed appropriate by the Board and permitted under applicable laws and regulations, for an aggregate amount not exceeding Rs. 500 Crores (Rupees Five Hundred Crores Only) on such terms and conditions and in such manner as the Board may in its sole discretion decide including the timing of the issue(s)/ offering(s), the Investors to whom the Securities are to be issued, terms of issue, issue price, number of Securities to be issued, creation of mortgage/charge in accordance with Section 293(1)(a) of the Companies Act, in respect of the Securities as may be required either on pari-passu basis or otherwise, the Stock Exchanges on which such Securities will be listed, finalization of allotment of the Securities on the basis of subscriptions received, face value, premium, rate of interest, redemption period, manner of redemption, amount of premium on redemption, the number of equity shares to be allotted on redemption/ conversion, the ratio, period of conversion, fixing of record date or book closure dates, prescribe any terms or combination of terms in respect of the Securities in accordance with local and/ or international practices including conditions in relation to offer, early redemption of Securities, debt service payments, voting rights, variation of price and all such terms as are provided in domestic and/ or international offerings and any other matter in connection with, or incidental to the issue, in consultation with the merchant bankers or other advisors or otherwise, together with any amendments or modifications thereto ("Issue"), subject to necessary provisions & approvals. |
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