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| Exchange Disseminated Time | TRF Ltd has informed BSE that the members at the 46th Annual General Meeting (AGM) of the Company held on July 20, 2009, inter alia, have unanimously approved the following:
1. Adoption of the audited Profit and Loss Account of the Company for the financial year ended March 31, 2009 and the Balance Sheet as at that date along with the Schedules and Notes forming part thereof, together with the Reports of the Directors and Auditors.
2. Re-appointment of Dr. Jamshed J Irani, Mr. Sarosh J Ghandy & Mr. Ranaveer Sinha, as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s Deloitte Haskins & Sells, Chartered Accountants, Kolkata, as 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, to examine and audit the accounts of the Company for the Financial Year 2009-10, on remuneration, terms & conditions.
4. Increased in the Authorised Capital of the Company from Rs 15,00,00,000 (Rupees fifteen crores) only divided into 1,50,00,000 (One Crore fifty lakhs) Equity Shares of Rs 10/- (Rupees ten) each to Rs 30,00,00,000 (Rupees thirty crores) only divided into 3,00,00,000 (three crores) Equity Shares of Rs 10/- (Rupees ten) each and that Clause 5 of the Memorandum of Association of the Company be altered accordingly and consequential to the amendment of Articles of Association of the Company, subject to necessary provision and approvals.
5. Accorded approval to the Board of Directors of the Company for borrowing from time to time any sum or sums of monies together with the monies already borrowed by the Company, if any, (apart from temporary loans obtained or to be obtained from the Company’s bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount so borrowed by the Board shall not at any time exceed the limit of Rs 200.00 crores, subject to necessary provisions and approvals.
6. Accorded approval to the Board of Directors of the Company, to create such charges, mortgages and hypothecations in addition to the existing charges, mortgages, hypothecations, created by the Company, on such movable and immovable properties. both present and future, and in such manner as the Board may deem fit, to secure rupee / foreign currency loans, provided that the total amount of loans together with interest thereon, additional interest, compound interest, liquidated damage, commitment charges, premia on pre-payment or on redemption costs, charges, expenses, and all other monies payable by the Company in respect of the said loans, shall not at any time exceed the limit of Rs 200.00 crores, subject to necessary provisions and approvals. |
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