|
| Exchange Disseminated Time | Ramco Industries Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the following resolutions, with requisite majority :
1. Special Resolution for alteration of the Objects Clause of the Memorandum of Association of the Company.
- To alter the Memorandum of Association of the Company by inserting the Sub-Clause 3(m) to Clause III (A) of the Objects Clause of the Memorandum of Association of the Company.
2. Special Resolution for approving the commencement of New Business.
- Commencement of business covered in the objects specified under Sub-Clause 3(m) to Clause III(A) of the Objects clause of the Memorandum of Association of the Company.
3. Ordinary Resolution to increase the Limit of Corporate Social Responsibility Expenditure.
- To contribute to Scientific Research and Development Organizations, Educational Institutions, Universities, Medical Institutions, Rural Development Organizations, Social Organizations and/or Charitable Institutions or Welfare Associations, or directly undertake activities for promotion of social welfare, scientific research and development, sports and other charitable purposes not directly relating to the business of the Company or welfare of its employees, from time to time, in any financial year, any amounts in aggregate, not exceeding Rs. 6,00,00,000/- (Rupees Six Crores only) or 5% of the average profits as determined in accordance with the provisions of Section 349 and 350 of the Companies Act, 1956, during the three financial years immediately preceding, whichever is greater. |
|
|