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| Exchange Disseminated Time | Kothari Products Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 23, 2011 inter alia, have accorded the following:
1. Adoption of the Audited, Standalone and Consolidated Balance Sheets of the Company as at March 31, 2011 , the Profit & Loss Accounts, the corrigendum relating thereto, as placed before the meeting and Cash Flow Statements for the year ended on that date together with the Directors' and the Auditors' Reports thereon,
2. Declaration of Dividend @220% on the paid up Equity Share Capital of Rs. 66319700/- of the Company.
3. Re-appointment of Dr. Avinash Gupta, as a Director of the Company, liable to retire by rotation.
4. Re-appointment of M/s. Mehrotra & Mehrotra, Chartered Accountants, Kanpur as the Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting remuneration, terms & conditions.
5. To mortgage and/or charge, in addition to the mortgage(s)/charge(s) created/to be created by the Company, in such form and manner and with such ranking and at such time and on such terms and conditions as the Board may determine, subject to maximum amount of Rs. 1250 Crores of charges outstanding at any time, on all or any of the movable and/or immovable property(ies) of the company, both present and future of every nature & kind whatsoever together with the powers to take over the management of the business; and concern of the Company, in certain events of defaults, in favour of lenders for securing the borrowing availed/to be availed by the Company by way of loans and securities issued by the Company together with interest at the respective agreed rates, additional interest, all other costs, charges and expenses and all other monies payable by the Company in respect of said loans/borrowings/debentures/other securities and containing such specific terms and conditions and covenants in respect of enforcement of security as may be stipulated in that behalf and agreed to between Board of Directors and the Lender(s)/Agent(s) and Trustee(s)".
6. Alteration of Memorandum of Association of the Company.
7. Alteration of Articles of Association of the Company. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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