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| Exchange Disseminated Time | BPL Ltd has informed BSE that the members at the 45th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded to the following:
1. Adoption of the Audited Balance sheet as at March 31, 2009, the Profit & Loss Account for the financial year ended on that date, Directors Report and the Report of the Auditors thereon.
2. Re-elected Mr. K S Prasad & Mr. S Padmakumar, as Directors of the Company.
3. Re-appointment of M/s. T Velu Pillai & Co., Chartered Accountants, Bangalore, as Statutory Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Re-classfied the Authorised Share Capital of the Company from Rs 225,00,00,000/- (Rupees two hundred twenty five Crores only) comprising of 5,00,00,000 (Five Crores) Equity Shares of Rs 10/- (Rupees Ten only) each and 1,75,00,000 (One Crore Seventy Five Lakhs only) Redeemable Preference Shares of Rs 100/- ( Rupees One Hundred only) each to Rs 225,00,00,000/- (Rupees Two Hundred Twenty Five Crores only) comprising of 5,50,00,000 (Five Crores Fifty Lakhs) Equity Shares of Rs 10/- (Rupees Ten only) each and 1,70,00,000 (One Crore Seventy Lakhs only) Redeemable Preference Shares of Rs 100/- (Rupees one hundred only) each & consequential amendment in the Memorandum & Articles of Association of the Company.
5. Alteration of Articles of Association by inserting a new Article 4A, after the Article 4(C)
6. Issue of Equity Shares to the Employees under Employee Stock Options Scheme:
- Authority to the Board to offer, issue, and allot in one or more tranche(s) 20,00,000 equity shares to the Employees / such categories of Directors as may be permitted, through a Employee Stock Option Scheme, determined in accordance with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme), Guidelines, 1999, as amended, on such terms and conditions as the Board of Directors in its absolute discretion may deem fit and that the Board be and is hereby authorized to finalise all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, rules and regulations for the time being in force, subject to necessary provisions & approvals.
7. Issue of Equity Shares to the Employees of the Subsidiary Companies under Employee Stock Options Scheme:
- Authority to the Board to offer, issue, and allot in one or more tranche(s) of equity shares through a Employee Stock Option Scheme, determined in accordance with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme), Guidelines, 1999, as amended, on such terms and conditions as the Board of Directors in its absolute discretion may deem fit and that the Board be and is hereby authorized to finalise all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, rules and regulations for the time being in force to the employees and such categories of Directors of any Subsidiaries, of the Company, as may be permitted under SEBI Guidelines, out of the total shares earmarked under the Employees' Stock Option Scheme, subject to necessary provisions & approvals. |
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