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| Exchange Disseminated Time | Cubex Tubings Ltd has informed BSE that the members at the 30th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have unanimously approved the following Resolutions:
1. Adoption of the Balance Sheet as on March 31, 2009 and the Profit and Loss Account for the year ended on that date and the Reports of the Directors and the Auditors thereon of the Company.
2. Appointment of Mr. Mohammed Rajab Syed Ali & Mr. Mukun Chand Devada as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. P. Murli & Co., Chartered Accountants, Hyderabad as Auditors of the Company to hold office from the conclusion of this Annual General Meeting upto the conclusion of next Annual General Meeting, on remuneration, terms & conditions.
4. Consent for issue & allot convertible warrants to Cubaseal Metals Pvt. Ltd, a Company from the promoter group of the Company on preferential basis:
- Authority to the Board to offer / issue and allot 7,00,000 Warrants, at a price as determined in accordance with the relevant SEBI Guidelines, convertible in to Equity Shares at the option of the warrant holders within an aggregate time period of 18 months from date of allotment of the warrants into not more than 7,00,000 Equity Shares of Rs 10/- per share as determined in accordance with the relevant SEBI Guidelines, to the
Promoter / promoters group of the Company as mentioned in the Explanatory Statement attached to the notice convening this meeting, on a preferential basis, as the Board may in its absolute discretion decide, in one or more trenches and on such terms and conditions. |
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