|
| Exchange Disseminated Time | IFB Agro Industries Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on August 03, 2009, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as on March 31, 2009 and Profit & Loss Account for the year ended on that date together with Reports of Auditors and Directors for the year ended March 31, 2009.
2. Re-appointment of Mr. H R Agarwal & Mr. M K Vijay, as Directors of the Company.
3. Re-appointment of M/s. Haribhakti & Associates, Chartered Accountants, Kolkata as the Auditors of the Company from the conclusion of this Annual General Meeting upto the next Annual General Meeting in place of retiring auditors M/s. Maheshwari & Associates, Chartered Accountants, to examine and audit the accounts of the Company for the Financial Year 2009-10, on remuneration, terms & conditions.
4. Re-designation of Mr. Bikramjit Nag, Executive Director as Joint Executive Chairman of the Company, on remuneration, terms & conditions.
5. To Authorise Board of Directors to issue, offer, allocate and allot at any time and from time to time in one or more tranches 8,00,711 Equity Shares of the Company under Employees Stock Options Scheme 2009:-
- Authority to the Board to issue, offer, allocate and allot at any time and from time to time in one or more tranches, to such present and future permanent employees and Directors of the Company ('employees') as may be decided by the board under an 'EMPLOYEES STOCK PURCHASE SCHEME 2009)' not exceeding ten percent of the issued and subscribed Share Capital of the Company as on March 31, 2009, up to 8,00,711 equity shares of Rs 10/- each (as adjusted for any bonus, consolidation or other re-organisation of the capital structure of the Company from time to time) at such price, including at discount and on such terms and conditions as may be fixed by the Board, to or for the benefit of the employees of the Company (including Independent Directors, Non-executive Directors of the Company as may be determined by the Compensation Committee of the Company) under a Scheme titled "EMPLOYEES STOCK PURCHASE SCHEME-2009" ("ESPS 2009") to be evolved in this regard, subject to necessary provisions & approvals. |
|
|