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| Exchange Disseminated Time | Caplin Point Laboratories Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on December 29, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at June 30, 2011 and the Profit and Loss Account for the Financial Year ended June 30, 2011, and the Directors’ Report and the Auditors’ Report thereon.
2. Declaration of dividend at the rate of 15% (Re. 1.50 per share) on the equity capital of the Company for financial year ended June 30, 2011.
3. Re-appointment of Mr. V. Thirumalai, as a Director of the Company, liable to retire by rotation.
4. Re-appointment of Mr. D. P. Mishra, as a Director of the Company, liable to retire by rotation.
5. Re-appointment of Messrs. M. Raghunath and Company, Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting, on remuneration, terms & conditions.
6. Increasing the borrowing on behalf of the Company, moneys from time to time by way of loans, advances, credits or otherwise, with or without security as the Board of Directors may consider proper, notwithstanding that the moneys so borrowed, together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business), from one or more banks / financial institutions in India or abroad or from any bodies corporate or persons in India or abroad may exceed the aggregate of the Paid- up Capital and free reserves, that is to say, reserves not set apart for any specific purposes, provided that the total amount which may be so borrowed by the Board of Directors and outstanding at any time (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) shall not exceed Rs. 50.00 Crores (Rupees Fifty crores only) over and above the paid-up capital and free reserves of the Company.
7. Appointment of Mr. Venkat Radhakrishnan, as a Director of the Company, liable to retire by rotation.
8. Appointment of Mr. N. R. Achan, as a Director of the Company, liable to retire by rotation.
9. Re-appointment of Mr. M. Jayapal, as Managing Director of the Company for a further period of two years effective from March 28, 2011, on remuneration, terms & conditions.
10. Appointment of Mr. Vivek Siddharth, as the Chief Operating Officer of the Company and his holding and continuing to hold the said office of profit, as an employee with effect from August 01, 2011, on remuneration, terms & conditions. |
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