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| Exchange Disseminated Time | Gujarat State Petronet Ltd has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on September 21, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Profit and Loss Account for the financial year ended March 31, 2010 and Audited Balance Sheet as on that date and Report of the Auditors' and Directors' thereon along with Report of Comptroller and Auditor General of India of the Company.
2. Declaration of dividend for the financial year 2009-10 @ 10%(i.e. Re. 1.00 per share) on 56,25,23,929 equity shares, having face value of Rs. 10 each, of the Company.
3. Re-appointment of Shri Suresh Mathur as Director of the Company, liable to retire by rotation.
4. Authority to Board to fix the remuneration of M P Singhvi & Associates., Chartered Accountants, Gandhinagar, Statutory Auditors for the Financial Year 2010-11.
5. Appointment of Shri A K Joti, Shri Atanu Chakraborty, Shri R Vaidyanathan, Shri J K Jain & Shri N K Mitra as Directors of the Company, liable to retire by rotation.
6. Authority to 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, including all Directors, whether whole time or otherwise of the Company, whether in India or abroad, either directly or through a trust, such number of options not exceeding 62,40,000 under "GSPL Employees Stock Option Plan-2010" (the "ESOP-2010" or the "Scheme" or the "Plan"), which could give rise to the issue of equity shares not exceeding 62,40,000 equity shares of Rs.10 each (together with the equity shares created / offered / issued /allotted or proposed to be created / offered / issued / allotted for the benefit of such persons who are in permanent employment of the Company’s holding company i.e. GSPC in terms of ESOP 2010) or such other adjusted number of equity shares for any bonus, stock split, consolidation or other reorganisation of the capital structure of the Company as may be applicable from time to time, at such price, in one or more tranches and on such terms and conditions as may be fixed or determined by the Board in accordance with the Guidelines or other provisions of the law as may be prevailing at that time, subject to necessary provisions & approvals.
7. Authority to 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’s holding company i.e. Gujarat State Petroleum Corporation Ltd, including all Directors, whether whole time or otherwise, whether in India or abroad, either directly or through a trust, such number of options not exceeding 62,40,000 under "GSPL Employees Stock Option Plan-2010" (the "ESOP-2010" or the "Scheme" or the "Plan"), which could give rise to the issue of equity shares not exceeding 62,40,000 equity shares of Rs.10 each (together with the equity shares created / offered / issued /allotted or proposed to be created / offered / issued / allotted for the benefit of such persons who are in permanent employment of the Company in terms of ESOP-2010) or such other adjusted number of equity shares for any bonus, stock split, consolidation or other reorganisation of the capital structure of the Company as may be applicable from time to time, at such price, in one or more tranches and on such terms and conditions as may be fixed or determined by the Board in accordance with the Guidelines or other provisions of the law as may be prevailing at that time, subject to necessary provisions & approvals. |
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