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| Exchange Disseminated Time | KEI Industries Ltd has informed BSE that the 17th Annual General Meeting (AGM) of the members of the Company will be held on July 20, 2009, inter alia, have accorded to the following:
1. To receive, consider and adopt the audited Profit & Loss Account for the year ended March 31, 2009 and Balance Sheet as at that date and the report of the Board of Directors and the Auditors of the Company thereon.
2. To consider declaration of dividend for the financial year ended March 31, 2009.
3. To appoint a Director in place of Mr. Vijay Bhushan & Mr. Vikram Bhartia, who retires by rotation and being eligible, offers themselves for re-appointment.
4. To appoint M/s. JAGDISH CHAND & CO., Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. To create, offer, issue and allot, from time to time, up to 1,00,00,000 (One Crore) Warrants at a price of Rs 28/- each based on the relevant date i.e. June 20, 2009 on preferential basis to the Promoter(s) / Promoters Group and / or others, in one or more tranches, on such terms and conditions and in such manner as the Board may think fit, without offering the same to any other person/s who on the date of offer are holders of the equity shares, each Warrant entitling the holder thereof to apply and be allotted one fully paid-up equity share of Rs 2/- each, at anytime not exceeding eighteen months from the date of allotment of the Warrants in accordance with the SEBI (Disclosure and Investor Protection) Guidelines and other relevant authorities as may be applicable such that the total number of equity shares to be issued by the Company upon conversion of the Warrants do not exceed 1,00,00,000 (One Crore) equity shares of Rs 2/- each on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue of warrants, subject to necessary provisions & approvals.
6. Revision / increase in remuneration of Mr. Anil Gupta, Chairman-cum-Managing Director of the Company with effect from August 01, 2009 on remuneration, terms & conditions.
7. To appoint Mr. Rajeev Gupta as Executive Director (Finance) with effect from April 01, 2009, on remuneration, terms & conditions.
8. To create, offer, issue and allot in one or more tranches to Qualified Institutional Buyers("QIB"), whether or not shareholders of the Company, equity shares and / or fully convertible debentures and / or partly convertible debentures and / or non-convertible debentures with warrants and / or any securities (other than warrants) which are convertible into or exchangeable with equity shares at a latter date (the "Securities") at such time in one or more tranches as the Board may in its absolute discretion hereinafter decide and at a price to be determined by the Board in accordance with Clause 13A.3 of SEBI Guidelines for QIP specified under Chapter XIII-A of SEBI (DIP) Guidelines, 2000 for the time being in force, provided that aggregate amount raised through above Securities shall not exceed Rs 100 crores (inclusive of such premium as maybe permitted and decided by the Board, subject to necessary provisions & approvals. (For more details kindly refer Corporate Announcement on www.bseindia.com) |
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