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| Exchange Disseminated Time | Thakral Services India Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 30, 2010, inter alia, have accorded to the following :
1. Adoption of the Balance Sheet of the Company as on March 31, 2010 and the Profit and Loss account for the financial year ended on that date together with Directors' Report and Auditors' Report thereon.
2. Re-appointment of Mr. Bikramjit Singh Thakral & Mr. Joseph Sequeira, as a Director of the Company, liable to retire by rotation.
3. Re-appointment of M/s. Brahmayya & Co., Chartered Accountants, Bangalore, as statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the next Annual General Meeting.
4. As there is no much activity in trading of shares at Bangalore Stock exchange the shares may be delisted at Bangalore Stock Exchange. Share holders permission is required to delist the shares at Bangalore Stock Exchange.
5. Pursuant to the provisions of Section 100 and other applicable provisions, if any, of the Companies Act, 1956 and pursuant to Article 69 of the Articles of Association of the Company and subject to confirmation of the Karnataka High Court or any other competent authority as may be specified in this regard, the issued, subscribed and paid up equity capital of the Company of Rs. 11,73,50,800/- (Rupees Eleven Crores Seventy Three Lakhs Fifty Thousand Eight Hundred Only) divided into 1,17,35,080 (One Crore seventeen lakhs thirty five thousand and eighty) equity shares of Rs. 10/- (Rupees ten only) each fully paid, be reduced to Rs. 3,52,05,240 divided into 1,17,35,080 equity shares of Rs. 3/- (Rupees Three only) each fully paid, by canceling Rs. 7/- (Rupees Seven only) per equity share from the face value of Rs. 10/-each .An amount of Rs. 8,11,45,642/- (Rupees Eight Crores Eleven Lakhs Forty Five Thousand Six Hundred and Forty Two only) being accumulated losses of the Company as on March 31, 2010 has been setoff from paid up capital and the balance amount of Rs. 9,99,918/- be transferred to the Capital Reserve account.
6. Pursuant to the provisions of Section 94 and other applicable provisions, if any, of the Companies Act, 1956 and Article 70 of the Articles of Association of the Company, the Authorized share capital of the Company of Rs. 13,00,00,000/- (Rupees Thirteen Crores Only) consisting of 1,30,00,000 (One Crore thirty lakhs) equity shares of Rs. 10/- (Rupees ten only) each be and is hereby increased to Rs. 13,00,20,000/- (Rupees Thirteen Crore Twenty Thousand only) by creation of additional 2,000 (two thousand) equity shares of Rs. 10/- each and the Authorized capital simultaneously sub-divided into 4,33,40,000 (four crore thirty three lakhs forty thousand) Equity shares of Rs. 3/- (Rupees Three only) each to give effect to the reduction of capital and clause V of the Memorandum of Association of the Company be substituted by the following:
"The authorized share capital of the Company is Rs. 13,00,20,000/- (Rupees Thirteen Crores Twenty Thousand Only) divided into 4,33,40,000(four crore thirty three lakhs forty thousand) Equity shares of Rs. 3/- (Rupees Three only) each."
5 Amendment in Authorised Capital (Article 5) of the Articles of Association of the Company. |
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