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| Exchange Disseminated Time | Jay Shree Tea & Industries Ltd has informed BSE that the 64th Annual General Meeting (AGM) of the Shareholders of the Company will be held on June 25, 2010, inter alia, to transact the following:
1. To receive and consider the Report of the Directors to the Shareholders and adopt the audited accounts for the year 2009-10.
2. To declare dividend for the year 2009-10.
3. To appoint Directors in place of Shri B. M. Khaitan & Shri S. S. Kothari, who retire by rotation but being eligible offers themselves for re-election.
4. To appoint Auditors/ Branch Auditors of Sungma, Singbulli, Balasun, Marionbarie and North Tukvar Tea Estates to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company and to fix their remuneration.
5. To sub-divide each Ordinary (Equity) Share of the Company having face value of Rs. 10/- each fully paid up into 2 (two) Ordinary (Equity) Shares of the face value of Rs.5 each fully paid up and Consequential amendments in Memorandum of Association of the Company related to the Share Capital.
6. To Alter Clause 5 of the Memorandum of Association of the Company by substituting in its place and stead the following:
The Capital of the Company is Rs. 26,00,00,000h divided into 5,20,00,000 shares of Rs.5/- each with power to sub-divide, consolidate and increase or decrease and with power from time to time to issue any shares of the original capital or, any new capital with and subject to any preferential, deferred, qualified or special rights, privileges or conditions as may be thought fit and upon the sub-division of share to apportion the right to participate in profits in any manner as between the shares resulting from such sub-division.
7. For borrowing from time to time, any sum or sums of monies which together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount so borrowed by the Board shall not at any time exceed the limit of Rs. 300 crores, subject to necessary provisions & approvals. |
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