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| Exchange Disseminated Time | Ruby Mills Ltd has informed BSE that the members at the 95th Annual General Meeting (AGM) of the Company held on September 29, 2011, inter alia, have accorded to the following:
1. Adoption of he Audited Balance Sheet as at March 31, 2011 and Profit and Loss Account for the year ended on that date together with Notes, Schedules and Cash Flow Statement, Directors Report, Report of the Auditors thereon.
2. Declaration of dividend at the rate of 50% i.e. Rs.5/- per Share on 41,80,000 Equity Shares of Rs. 10/- each of the company for the year ended on March 31, 2011.
3. Re-appointment of Shri S. J. Thacker, Mr. D. M. Popat & Mr. G. C. Sharedalal, as a Directors of the Company whose term of office shall be liable to be determined by retirement by rotation.
4. Appointment of M/s. B. S. Mehta and Company, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next (96th) Annual General Meeting of the Company on remuneration, terms and conditions.
5. Accorded to the Board of Directors of the Company to borrow from time to time, any sum or sums of money for the purpose of Company's business which together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid-up capital and its free reserves, that is to say, reserves not set apart for any specific purpose provided that the aggregate of the monies borrowed by the Board and outstanding at any time does not exceed Rs.1000 crores (Rupees One Thousand Crores only) or the aggregate of paid-up share capital of the Company and its free reserves whichever is higher.
6. For mortgaging and / or charging all the movable and immovable assets and properties of the Company whosesoever situate, both present and future and of every nature and kind whatsoever and / or creating a floating charge on all or any of the immovable assets / properties of the Company for the purpose of securing any loans, advances, credit facilities, debt instruments etc. taken and / or issued by the Company from time to time. |
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