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| Exchange Disseminated Time | Peninsula Land Ltd has informed BSE that the members at the 137th Annual General Meeting (AGM) of the Company held on August 10, 2009, inter alia, have accorded to the following:
1. Adoption of the Company’s Audited Balance Sheet as at March 31, 2009 and Profit & Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon.
2. Declaration of dividend of Re 0.50 on 1,000 preference shares of Rs 10/- each and Re 0.90 on 27,92,01,220 equity shares of Rs 2/- each for the year ended March 31, 2009.
3. Re-appointment of Mr. D M Popat, Mr. Jaydev Mody & Mr. Amitabh Ghosh, as Directors of the Company.
4. Re-appointment of the retiring Auditors, M/s. Haribhakti & Co., Chartered Accountants, as Auditors of the Company for the current year ending March 31, 2010 to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting. on remuneration terms & conditions.
5. Authority to Board to create, offer, issue and allot (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons as may be permitted), in the course of one or more domestic / follow on / international offerings with or without Green Shoe Option, including by way of a Qualified Institutional Placement (“QIP”) under the provisions of Chapter XIII-A of the SEBI Guidelines, whether or not they are members of the Company, including but not limited to Domestic / Foreign Investors / Institutional Investors / Foreign Institutional Investors / Qualified Institutional Buyers ( as defined under the provisions of Chapter XIII-A of the SEBI Guidelines, Members, Employees, Non-Resident Indians, Companies or Bodies Corporate whether incorporated in India or abroad, Trusts, Mutual Funds, Banks, Financial Institutions, Insurance Companies, Pension Funds, Individuals, otherwise, whether by way of a public offering or by way of a private placement or whether by way of circulation of an’ offering circular or placement document or otherwise, securities including equity shares and / or instruments or securities convertible into equity shares of the Company such as Global Depository Receipts (“GDRs”), and / or American Depository Receipts (“ADRs”) and / or convertible preference shares and / or convertible debentures or bonds (compulsorily and / or optionally, fully and / or partly), and / or non-convertible debentures with warrants and / or securities with or without detachable / non-detachable warrants and / or warrants with a right exercisable by the warrant holder to subscribe for equity shares, or by any one or more or a combination of the above model / methods or otherwise (hereinafter referred to as “Securities”), secured or unsecured, listed on any of the Stock Exchanges within India or any International Stock Exchange outside India, as the Board may at any time or times hereinafter decide, upto an extent of Rs 750 crores (Rupees Seven Hundred and Fifty Crores only) or issue of 6 crores equity shares of Rs. 2/- each inclusive of such premium from time to time, such issue and allotment to be made at such time or times denominated in one or more currencies, at such price or prices in such manner and on such terms and conditions as the Board may, in its absolute discretion may at any time or times hereafter decide, subject to necessary provisions & approvals.
6. Increased in the Authorised Share Capital of the Company from Rs 65,00,00,000/- (Rupees Sixty Five Crores only) divided into 32,49,95,000 (Thirty Two Crores Forty Nine Lakhs Ninety Five Thousand) Equity Shares of Rs 2/- (Rupees Two) each aggregating to Rs 64,99,90,000/- (Rupees Sixty Four Crores Ninety Nine Lakhs Ninety Thousand only) and 1,000 (One Thousand) - 5% Cumulative Redeemable Preference Shares of Rs 10/- (Rupees Ten) each aggregating to Rs 10,000/- (Rupees Ten Thousand only) to Rs 75,00,00,000/- (Rupees Seventy Five Crores only) divided into 37,49,95,000 (Thirty Seven Crores Forty Nine Lakhs Ninety Five Thousand) Equity Shares of Rs 2/- (Rupees Two) each aggregating to Rs. 74,99,90,000/- (Rupees Seventy Four Crores Ninety Nine Lakhs Ninety Thousand only) and 1,000 (One Thousand) - 5% Cumulative Redeemable Preference Shares of Rs 10/- (Rupees Ten) each aggregating to Rs 10,000/- (Rupees Ten Thousand only) and consequential amendments in Memorandum of Association of the Company.
7. Authority to Board for investments by Foreign Institutional Investors including their sub-accounts ("the FIIs") registered with the Securities and Exchange Board of India ("SEBI") in the equity shares or any other securities convertible into equity shares of the Company, by purchase or acquisition from the market under the Portfolio Investment Scheme under FEMA, subject to the condition that the total holding of all FIIs put together shall not exceed 40 (forty) percent of the paid up equity share capital of the Company as may be applicable, provided, however, that the equity shareholding of each FII in his own account and on behalf of each of the SEBI approved sub-account in the Company shall not exceed 10 (ten) percent of the paid up equity share capital of the Company as may be applicable, subject to necessary provisions & approvals. |
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