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| Exchange Disseminated Time | Raj Oil Mills Ltd has informed BSE that the members at the 9th Annual General Meeting (AGM) of the Company held on September 27, 2011 inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011 and the Profit & Loss Account of the Company for the year ended March 31, 2011 together with schedules and the Report of the Auditor’s dated May 27, 2011 and Directors dated August 26, 2011 and other Reports and documents attached to and farming part of the Directors Report and the Audited Accounts.
2. Appointment of Mr. Mohamed Singaporewala and Mr. Balasubramanya H. Rudrapatna as directors of the Company.
3. Appointments of M/s. Agarwal Desai & Shah., Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting up to the conclusion of the next Annual General Meeting of the Company, on a remuneration, terms & conditions.
4. Appointment of Mr. Dipakkumar R. Madia as Director of the Company, liable to retire by rotation.
5. Authority to board to offer, issue and allot at any time to or for the benefit of such person(s) who are in permanent employment of the Company, including Directors of the Company, whether whole time or not, whether working in India or out of India under a Scheme titled "ESOP 2011" (hereinafter referred to as the "ESOP" or "Scheme" or "Plan") such number of Equity Shares and/or Equity linked instruments (including Options), and/or any other instruments or securities (hereinafter collectively referred to as "Securities") of the Company which may result into the issue of Equity Shares not exceeding 80,00,000 Equity shares (Eighty Lakhs Equity Shares Only) of the Company of the face value of Rs. 10/- (Rupees Ten Only) each, at such price, in one or more trenches and on such terms and conditions as may be fixed or recommended by the Compensation Committee and determined by the Board, from time to time, in accordance with’ the applicable provisions of the law or guideline as may be prevailing at that time. |
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