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| Exchange Disseminated Time | Superhouse Leathers Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 30, 2006, inter alia, to transact the following business:
1. Re-appointment of Mr. Mukhtarul Amin as Chairman & Managing Director of the Company for a period of three year with effect from March 01, 2006.
2. Appointment of Mr. Zafarul Amin as Joint Managing Director of the Company for a period of three years with effect from April 01, 2006.
3. Appointment of Mrs. Shahina Mukhtar as Whole-time Director of the Company for a period of three years with effect from April 01, 2006.
4. To contribute, from time to time, in any financial year to any charitable and other funds or general charities or other purposes not directly relating to the business of the Company or the welfare of its employees up to total amount of Rs 1,00,00,000 or five percent of its average net profits as determined in accordance with provision of Sections 349 and 350 of the Act during the three financial years immediately preceding whichever is greater.
5. Alteration in the object clause of the Memorandum of Association of the Company by adding the new clause III C-12 after existing clause III C-11.
6. For commencing and carrying on the business as specified in Clause III C-12 of the Memorandum of Association of the Company.
7. To issue, offer and allot 4,00,000 equity stock options, convertible into equity shares of the aggregate nominal face value not exceeding Rs 40,00,000 to the present and future employee and director of the company under an employees stock option scheme ("ESOS") on the terms and conditions and in such tranche /s as may be decided by the Board in its absolute discretion.
Further the Company has informed that the members of the Company will consider to approve the above mentioned point no. 5, by way of Postal Ballot.
The Board of Directors has appointed Mr. Rajesh Parasramka, Practicing Chartered Accountant failing which Mr. Vikas Mehrotra, Practicing Company Secretary as the scrutinizer for conducting postal ballot process.
The Postal Ballot duly completed should reach the scrutinizer not later than the close of working hours on March 17, 2006. The Scrutinizer will submit his report after completion of the scrutiny and the results of Postal Ballot will be announced by the Chairman at the Extra Ordinary General Meeting of the Company to be held on March 30, 2006. |
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