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| Exchange Disseminated Time | Ravi Kumar Distilleries Ltd has informed BSE that in Company's 18th Annual General Meeting of Shareholders held on August 06, 2011 the following businesses were transacted and approved by the shareholders.
1. Adopted Balance Sheet as at March 31, 2011 and the Profit and Loss account for the year ended as on that date and the report of Directors and Auditors thereon.
2. Re-appointed Mr. K.S.M. Rao as Director of the Company whose period of office will be determined by rotation.
3. Re-appointed Mr. Ashok R Shetty as Director of the Company whose period of office will be determined by rotation.
4. Declare a Dividend of 25 Paise per fully paid up share of Rs. 10/- each.
5. Appointed M/s. Ramanand & Associates, Chartered Accountants as the Statutory Auditors of the Company for the year 2011-2012.
6. Approved the resolution for borrowing under section 293(1 )(d) of the Companies Act, 1956 upto a limit of Rs. 400.00 Crores.
7. Approved the resolution under section 372A of the Companies Act, 1956 for the investment activities of the Company which has been already approved by the shareholders under section 192 A of the Companies Act, 1956 through a postal ballot the results of which were declared in the meeting.
8. Approved the appointment of Mr. R.V. Ravikumar as Chairman and Managing Director of the Company and fixed his remuneration.
9. Approved the appointment of Dr. Anand Ravikumar as Vice Chairman and Joint Managing Director of the Company and fixed his remuneration.
10. Approved the appointment of Mr. Badrinath S Gandhi as Executive Director of the Company and fixed his remuneration.
11. Approved the Stock Option to Directors and Employees of the Company under RKDL Employees Stock Option Plan 2011. |
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