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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit & Loss Account of the Company for the period ended on March 31, 2011, together with the Directors Report and Auditors Reports thereon.
2. Re-appointment of Mr. Shyam Babu Agrawal, Mr. Rajul Agrawal & Mr. Keshri Singh Chauhan, as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. Sunil Saraf & Associates, Chartered Accountant, as Auditors of the Company to hold the office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration terms & conditions.
4. Authority to Board to create, issue, offer and allot equity shares for an amount not exceeding Rs 300 crores (Rupees Three Hundred Crores) to be raised in one or more trenches by way of private placement of equity shares including allotment to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP) in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 (ICDR Regulations) or through public issue, rights issue and/or private offerings in arid to be listed on domestic and/or one or more international market(s), whether by way of direct issue of equity shares or through depository receipts, whether Global Depository Receipts or American Depository Receipt or Foreign Currency Convertible Bonds (FCCBs) and/or any instrument or securities convertible into equity shares at the option of the holder(s), whether or not such investors are existing shareholders of the Company at such price or prices, at market price(s) or at a discount or at a premium to market price(s) in such manner: and where necessary in consultation with the Book Running Lead Manager(s) and / or underwriters and / or other advisors or otherwise on such terms and conditions as the Board may, in their absolute discretion, decide at the time of the issue subject to necessary provisions & approvals. |
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