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| Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 05, 2012, inter alia, have :
1. Considered and approved the Notice of the Annual General Meeting to be held on September 29, 2012, Directors Report and other reports forming part of Annual report for the year ended March 31, 2012 along with statement pursuant to Section 212 of the companies Act, 1956 relating to subsidiary companies.
2. Recommend for re-appointment of Statutory Auditors.
3. Recommend the re-appointment of Mr. C Shivakumar Reddy as Managing Director of the Company.
4. Recommend the re-appointment of Mrs. R. H. Kasturi as Director (Operations) of the Company.
5. Recommend the revision in the remuneration terms of Ms. C. Uma Reddy, President & COO subject to approval of the Central Government.
6. Recommend Increase of Borrowing powers limits to Rs. 500 Crores.
7. Recommend amendment to Articles of Association of the Company for inclusion of Issue of FCCBs/ADRs/GDRs.
8. Approved the Isstie of 15,80,000 (Fifteen Lakhs Eighty Thousand only) convertible warrants on preferential basis subject to approval of the shareholders.
9. Considered and approved the scheme of amalgamation for merger of Kavveri Telecom Infrastructure Limited with Kavveri Telecom Products Limited. |
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