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| Exchange Disseminated Time | KEI Industries Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on July 20, 2009, inter alia, have approved all the following unanimously:
1. Adoption of audited Profit & Loss Account for the year ended March 31, 2009 and Balance Sheet as at that date end the report of the Board of Directors and the Auditors thereon.
2. Approval to payment of dividend of Re 0.20/- per share i.e. @10% on the equity shares of Rs 2/-.
3. Retirement of Mr. Vijay Bhushan & Vikram Bhartia, Directors by rotation and their re-appointment.
4. Re-appointment of M/s. Jagdish Chand & Co., as Statutory Auditors till the conclusion of the next Annual General Meeting.
5. Approval for issue and allotment of 1,00,00,000 (One Crore) Warrants @ Rs 28/- per warrant / share, on preferential basis to the Promoter(s) / Promoters Group AND other as per SEBI(DIP) Guidelines, 2000.
6. Approval for revision / variation in the terms and condition of remuneration payable to Mr. Anil Gupta, Chairman-cum-Managing Director w.e.f. August 01, 2009.
7. Approval for revision in remuneration payable to Mr. Rajeev Gupta as Executive Director (Finance) w.e.f. April 01 2009, with further discretion to the Board to alter the terms and conditions from time to time.
8. Approval for raising of funds through Qualified Institutional Placement (QIP) up to Rs 100 Crores. |
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