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| Exchange Disseminated Time | K.P.R. Mill Ltd has informed BSE that the 7th Annual General Meeting (AGM) of the members of the Company will be held on August 25, 2010, inter alia, to transact the following business:
1. To receive and adopt the Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors’ and the Auditors’ thereon.
2. To declare a Dividend.
3. To appoint a Director in the place of Sri. K N V Ramani & Shri. G P Muniappan, who retires by rotation and being eligible, offers themselves for appointment.
4. To appoint Auditors and fix their Remuneration.
5. To increase the Authorised Share Capital of the Company from Rs. 40,00,00,000 (Forty Crores) divided into 4,00,00,000 (Four Crores) Equity Shares of Rs. 10/- each to
Rs. 55,00,00,000(Fifty Five Crores) divided into 4,00,00,000 (Four Crores only) Equity Shares of Rs.10/- each and 15,00,000 (Fifteen Lakhs only) 7% Redeemable Cumulative Non Convertible Preference Shares of Rs. 100/-each & consequential amendment in the Memorandum of Association of the Company.
6. To offer, issue and allot upto 15,00,000 (Fifteen Lakhs only), 7% Redeemable Cumulative Non-Convertible Preference Shares of Rs.100/- each (Rupees Hundred only) at par to M/s. K.P.R. Developers Ltd, a Company in which some of the Directors are Directors, on such terms and conditions and in such manner as the Board may think fit, without offering the same to any Member who on the date of offer is holder of Equity Shares in the Company, subject to necessary provisions & approvals. |
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