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| Exchange Disseminated Time | India Glycols Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 27, 2011 inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit and Loss Account of the Company for the year ended on that date together with Schedules and Annexure, Directors’ and Auditor’s Report thereon.
2. Declaration of a dividend of Rupee 1.50 per equity share of the value of Rs. 10/-.
3. Re-appointment of Shri Pradip Kumar Khaitan, Shri Ravi Jhunjhunwala & Shri U. S. Bhartia as a Director's of the Company.
4. Re-appointment of M/s. Lodha and Co., Chartered Accountants, as Statutory 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.
5. Appointment of Shri Jitender Balakrishnan as Director of the Company, liable to retire by rotation.
6. Re-appointment of Shri U. S. Bhartia as Chairman and Managing Director of the Company for a period of 5 years w.e.f. April 01, 2011 on remuneration, terms & conditions.
7. Approval to the payment of remuneration to Shri M. K. Rao, as Executive Director for a period not exceeding 2 years w.e.f. April 01, 2011, on remuneration, terms & conditions.
8. Fixing of remuneration of Ms. Pragya Bhartia Barwale as president of the Company for a period not exceeding 3 years w.e.f. May 01, 2011, for an amount as may be decided by the Board of Directors from time to time, on terms & conditions.
9. To create, offer, issue and allot at any time to or to the benefit of such person(s) who are in permanent employment of the company or its subsidiaries, including any Directors of the company, whether whole time or otherwise, options exercisable into equity shares being not more than 13,94,000(Thirteen lacs ninety four thousand) equity shares of Rs. 10/- (Ten) each of the Company not exceeding 5% of the subscribed and paid up equity share capital after issue of shares under a scheme titled “Employee Stock Option Plan 2011” (hereinafter referred to as the "ESOP 2011"), in one or more tranches, and on such term and conditions as may be fixed or determined by the ESOP compensation committee in accordance with the provisions of the law and guidelines issued by the relevant Authority, each option granted being exercisable for one(1) equity share of the company. |
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