|
| Exchange Disseminated Time | EIH Associated Hotels Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on August 30, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Accounts of the Company for the year ended March 31, 2007, together with the Auditors and Directors Reports.
2. Declaration of dividend @ Rs 4.00 (4%) per share on the Company's Preference Share Capital of Rs 10 Crores on pro rata basis from the date of allotment, for the year ended March 31, 2007.
3. Declaration of Dividend @ 0.80 paise (8%) per share on the Company's Equity Share Capital as at March 31, 2007.
4. Re-appointment of Mr. P R S Oberoi & Mr. Anil Nehru, as Directors of the Company.
5. Re-appointment of Ray & Ray, Chartered Accountants, Kolkata, as Auditors of the Company to hold office from the conclusion of the Twenty-fourth Annual General Meeting till the conclusion of the Twenty-fifth Annual General Meeting of the Company, on remuneration, terms & conditions.
6. Authority to the Board to offer, issue and allot (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permissible), either in India or in the course of international offering(s) in one or more foreign markets, either equity shares, whether to Qualified Institutional Buyers, as defend in the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (the DIP Guidelines), pursuant to qualified institutional placement(s) as provided under Chapter XIII A of the DIP Guidelines (‘Qualified Institutional Placement’) whether in registered or bearer form, or, without limitation, in any other form or manner as may be permissible, or other class(es) of shares or a combination of classes of shares, or, preference shares (whether redeemable or convertible), or share warrants or any other Financial Instrument, of whatsoever nature (including debt instrument(s)} or securities through the Global / American Depository Receipt mechanisms (with or without the permissible green shoe option) or Convertible Bonds of whatsoever nature or, Foreign Currency Convertible Bonds (‘FCCBs’) (with or without permissible green shoe option), or otherwise, or any combination of securities, with or without share warrants attached thereto, convertible into or carrying an option to subscribe for equity shares ("Securities"), in one or more tranches, whether rupee denominated or denominated in foreign currency, to any eligible person, including to foreign / resident investors (whether institutions, incorporated bodies, mutual fluids, individuals or otherwise), Foreign Institutional Investors, Qualified Institutional Buyers, Indian and / or Multilateral Financial Institutions, Mutual Funds, Non Resident Indians, stabilising agents and / or any other categories of investors, whether they be holders of shares of the Company or not ("Investors") either through public issue(s) or through a rights issue, or through Qualified Institutional Placement(s) or any combination thereof, at such time or times, at such price(s), whether at a discount or premium to market price(s) in such manner and on such terms and conditions as may be deemed appropriate by the Board, at its absolute discretion, including the discretion to determine the categories of Investors to whom the offer, issue and allotment shall be made, to the exclusion of all other categories of Investors at the time of such offer, issue and allotment, considering the prevailing market conditions and other relevant factors and, wherever necessary, in consultation with the Lead Managers and other Advisers, up to an amount not exceeding Rs 150,00,00,000 (Rupees One Hundred Fifty crores only), either in Indian Rupees or in equivalent foreign currency, inclusive of such premium as may be determined by the Board at its absolute discretion, subject to necessary provisions & approvals.
7. Alteration in the Articles of Association of the Company by adding the following Article 13B after Article 13A together with the marginal note in the manner following:
"13B. The Company shall have power to issue shares with differential rights as to dividend, voting or otherwise in accordance with such Rules and subject to such conditions as may be prescribed from time to time." |
|
|