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| Exchange Disseminated Time | KCP Ltd has informed BSE that the members at the 69th Annual General Meeting (AGM) of the Company held on July 28, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited accounts of the Company for the year ended March 31, 2010 and the Reports of Directors and Auditors thereon.
2. Declaration of a Dividend on 12% Redeemable, Cumulative, Non-convertible preference shares from the date of allotment on pro-rata basis.
3. Declaration of a Final Dividend of Rs.2.50 per share (25%) on the paid up equity share capital of the Company.
4. Re-appointment of Sri. V H Ramakrishnan and Sri. A Ramakrishna retiring Directors of the Company as Directors liable to retire by rotation.
5. Appointment of M/s. Brahmayya & Co., Chartered Accountants, Viayawada as Statutory Auditors of the Company from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting.
6. Classification of 2,00,00,000 (Two crores) unclassified and unissued shares of Rs. 10/- (Rupees ten only) each forming part of the Authorised Share Capital of the Company into (Two crores) Redeemable, Cumulative, Non-Convertible, Preference shares of Rs. 10/- (Rupees ten only) each by the Board of Directors of the Company.
7. Subdivision (split) of each of the 1,28,97,748 (one crore twenty eight lakhs ninety seven hundred and forty eight) issued equity shares of the nominal value of Rs. 10/- (Rupees ten only) each in the Authorised Share Capital of the Company be sub-divided into 12,89,77,480 (Twelve crores eighty nine lakhs seventy seven thousand and four hundred and eighty) equity shares of Re. 1/- (Rupees one only) each and each of the 2,21,02,252 (Two crores twenty one lakhs two thousand and two hundred and fifty two) unclassified shares of Rs. 10/- (Rupees Ten only) each in the Authorised share capital into 22,10,22,520 (Twenty two crores ten lakhs two thousand and five hundred twenty) unclassified shares of Rs. 1/- (Rupees one only) each.
8. Alternation of Memorandum of Association and Articles of Association of the Company for giving effect to the above resolutions. |
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