|
| Exchange Disseminated Time | KPR Mill Ltd has informed BSE that the members at the 7th Annual General Meeting (AGM) of the Company held on August 25, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2010 and the Profit & Loss Account for the year ended on that date together with the Directors' Report and Auditor’s Report.
2. Declaration of Final Dividend of Rs. 1.50/- per equity share of the Company, which together with the Interim Dividend of Rs. 4/- per share, would aggregate to a total Dividend of Rs. 5.50/- per share (55%), for the Financial Year 2009-2010.
3. Re-appointment of Sri. K N V Ramani & Sri. G P Munniappan as Directors of the Company.
4. Re-appointment of M/s. Deliotte Haskings & Sells, the retiring Auditors, 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 2010-2011.
5. Increase in Authorised Share Capital of the Company from Rs.40,00,00,000 (Forty Crores) divided into 4,00,00,000 (Four Crores) Equity Shares of Rs.10/- each to Rs.55,00,00,000 (Fifty Five Crores) divided into 4,00,00,000 (Four Crores only) Equity Shares of Rs.10/- each and 15,00,000 (Fifteen Lakhs only) 7% Redeemable Cumulative Non-Convertible Preference Shares of Rs.100/- each & consequential amendment in the Memorandum of Association of the Company.
6. Authority to the Board to offer, issue and allot upto 15,00,000 (Fifteen Lakhs only), 7% Redeemable Cumulative Non-Convertible Preference Shares of Rs.100/- each (Rupees Hundred only) at par to M/s. K.P.R. Developers Ltd, a Company in which some of our Directors are Directors, on such terms and conditions and in such manner as the Board may think fit, without offering the same to any Member who on the date of offer is holder of Equity Shares in the Company, subject to necessary provisions & approvals. |
|
|