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| Exchange Disseminated Time | K.P.R. Mill Ltd has informed BSE that the members at the 8th Annual General Meeting (AGM) of the Company held on July 28, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit & Loss Account for the year ended on that date together with the Directors’ Report and Auditors’ Report thereon.
2. Declaration of a Final Dividend of Rs. 3/- per equity share of the Company, which together with the Interim Dividend of Rs. 3/- per share declared in October 2010, would aggregate to a total Dividend of Rs. 6/- per share (60%), for the Financial year 2010-2011.
3. Re-appointment of Sri. M. J. Vijayaraaghavan & Sri. Shujaat Khan as Directors of the Company.
4. Re-appointment of M/s. Deloitte Haskins & Sells as Auditors of the Company to hold Office until the conclusion of the next Annual General Meeting of the Company to audit the accounts of the Company for the Financial year 2011 - 2012, on remuneration, terms & conditions.
5. Appointment of Sri. A. M. Palanisamy, Sri. C. Thirumurthy, & Sri. C. R. Anandakrishnan as Directors of the Company, liable to retire by rotation.
6. Appointment of Sri. C. R. Anandakrishnan as 'Executive Director' of the Company for a period of 5 years with effect from February 01, 2011, on remuneration, terms & conditions.
7. Re-appointment of Sri. K. P. Ramasamy, as Whole-Time Executive Chairman of the Company, for a period of 5 years with effect from April 01, 2010, on remuneration, terms & conditions.
8. Re-appointment of Sri. KPD Sigamani & Sri. P. Nataraj, as Managing Director's of the Company, for a period of 5 years with effect from April 01 2010, on remuneration, terms & conditions.
9. Accorded to Sri. E. K. Sakthivel, a relative of Sri. KPD Sigamani, Managing Director of the Company, to hold office or place of profit as ‘Head-Operations’ (Garment Division) Tirupur, for a period of 5 years from May 01, 2011 to April 30, 2016, on remuneration, terms & conditions.
10. Accorded to Mrs. D. Geetha, a relative of Sri. KPD Sigamani, Managing Director of the Company to hold office or place of profit as ‘Chief Executive Officer’ (Garment Division) Tirupur for a period of 5 years from May 01, 2011 to April 30, 2016, on remuneration, terms & conditions.
11. Accorded to the Board of Directors of the Company to borrow monies from time to time, for and on behalf of the Company, notwithstanding that the aggregate of the monies proposed to be borrowed together with the monies, if any, already borrowed, might exceed the aggregate of the Paid-up Capital and Free Reserves of the Company at any time not exceeding the sum of Rs. 2000 Crores (Rupees Two Thousand Crores Only) apart from temporary loans obtained from Company’s Bankers in the ordinary course of business and in respect of such borrowers to create any security interest over any Assets / Properties / Undertaking / Interests of the Company, whether Movables or Immovable, Tangibles or Intangibles, present and / or future by way of Charge / Pledge / Mortgage / Hypothecation or otherwise as the Board may deem fit in favour of Banks / Financial Institutions / Bodies Corporate / Other persons. |
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