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| Exchange Disseminated Time | Reliance Chemotex Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2014, inter alia, following agenda were approved :
1. Approval for the proposed expansion & modernisation cum balancing at an estimated cost of Rs. 35 Crores approximately.
2. Approval for increase in the Authorised Preference Share Capital from Rs. 25.25 Crores to Rs. 30.25 Crores and for this purpose to call Extra Ordinary General Meeting.
3. Approval for allotment of 1,90,000 Equity Shares of Rs. 10 each to Promoters, their relatives & Associate companies at a price under SEBI norms before March 31, 2013 and to pass resolution in Extra Ordinary General Meeting u/s 81(1A) and other applicable provision of the Companies Act, 1956.
4. Approval for the early redemptions of existing Preference Shares of Rs. 3.25 Crores as per the Terms & Conditions in the sanction letter of State Bank of India.
5. Approval for allotment of Preference Shares of Rs. 9.25 Crores for a period of 20 years for early redemption of Preference Shares of Rs. 3.25 Crores and for expansion etc.
6. Approval for Interim Dividend of 7.5% on 19,07,500 10% Cumulative Preference Shares of Rs. 100/- each.
7. Approval for Interim Dividend of 7.5% on 37,86,650 Equity Shares of Rs. 10/- each.
8. Approval for calling of Extra Ordinary General Meeting for passing the resolutions for the above meeting.
Further, the Company has informed that Mr. Ramadoss Srinivasan has been appointed as an independent Director of the Company. |
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