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| Exchange Disseminated Time | India Glycols Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on August 17, 2009 inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2009 and Profit and Loss Account of the Company for the year ended on that date together with Schedules and Annexure thereto, Directors' and Auditors' Report thereon.
2. Declaration of Dividend of Rs 1/- per equity share of the value of Rs 10/-) (free of tax).
3. Re-appointment of Shri. U S Bhartia, Shri. R C Misra & Shri. Autar Krishna, as Directors o the Company, liable to retire by rotation.
4. Re-appointment of M/s. Lodha & Co., Chartered Accounts, as Statutory Auditors of the Company to hold office from the conclusion of this annual General Meeting till the conclusion of next Annual General Meeting of the Company on remuneration, terms & Conditions.
5. Accorded to the Board to create, offer, issue and allot at any time to or to the benefit of such person(s) who are in permanent employment of the Company or its subsidiaries, including any Directors of the Company, whether whole time or otherwise, options exercisable into equity shares being not more than 13,94,000 (Thirteen Lacs Ninety Four Thousand) equity shares of Rs 10/- (Ten) each of the Company not exceeding 5% of the subscribed and paid up equity share capital after issue of shares under a Scheme titled "Employee Stock Option Plan 2009" ("ESOP 2009"), in one or more tranches, and on such terms and conditions as may be fixed or determined by the ESOP Compensation Committee in accordance with the provisions of the law and guidelines issued by the relevant Authority, each option granted being exercisable for one (1) equity share of the Company. |
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