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| Exchange Disseminated Time | B. L. Kashyap and Sons Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 21, 2010, inter alia, have accorded to the following:
1. Audited Balance sheet as at March 31, 2010, the Profit & Loss Account for the year ended on that date and Directors' and Auditors report.
2. Dividend of Re 1/- i.e. @ 20% per equity share of the face value of Rs 5/- each for the financial year ended March 31, 2010.
3. Re - appointment of Mr. Vinod Kashyap & Mr. Vineet Kashyap, as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s Sood Brij & Associates, Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this meeting up to the conclusion of the next Annual General Meeting of the Company, on such remuneration and out of pocket expenses as shall be fixed by the Board of Directors.
5. Sub-division of one Equity Share of the Company having face value of Rs. 5/- (Five) into 5 (Five) Equity Shares of the face value of Re. 1/- (one) each.
6. Authority to the Board of Directors of the Company including Committee of the Board to issue, offer and allot securities by way of Preferential Allotment including Qualified Institutional Placement (QIP) Global Depositary Receipts (GDRs), American Depository Receipts (ADRs), Participatory Notes (PNs) and/or foreign currency convertible bonds and / or any other financial instruments (OFIs) convertible into or linked to Equity Shares etc. not exceeding Rupees 450 Crores, under Section 81 (1A) and other applicable provisions of the Companies Act, 1956.
7. Continuance of Ms. Shruti Choudhari, relative of Mr. Vineet Kashyap, Managing Director of the Company, to hold Place of Profit in the Company, as Vice President (Business Development) on such remuneration to be decided by the Board, subject to overall limit (all inclusive) of Rs. 5,00,000/- per month or Rs. 60,00,000/- per annum.
8. Continuance of Ms. Malini Kashyap, relative of Mr. Vinod Kashyap, Chairman of the Company, to hold Place of Profit in the Company, as Vice President (Finance) on such remuneration to be decided by the Board, subject to overall limit (all inclusive) of Rs. 5,00,000/- per month or Rs. 60,00,000/- per annum.
9. Continuance of Mr. .Saurabh Kashyap, relative of Mr. Vineet Kashyap, Managing Director of the Company, to hold Place of Profit in the Company, as Vice President (Operations) on such remuneration to be decided by the Board, subject to overall limit (all inclusive) of Rs. 5,00,000/- per month or Rs. 60,00,000/- per annum.
10. Increase in Authorized Share capital of the Company from Rs. 15,00,00,000/- (Rupees Fifteen Crores Only) to Rs. 25,00,00,000/- (Rupees Twenty Five Crores Only)
11. Sub-division of one Equity Share of the Company having face value of Rs. 5/- (Five) each into 5 (Five) Equity Shares of the face value of Re. 1/- (One) each and consequential amendment in the Memorandum of Association of the Company.
12. Issue of 1 (one) Bonus Equity Share of Re. 1/- (Rupee One) fully paid up for every 1 (one) eligible existing fully paid (subdivided) Equity Share of Re. 1/- (Rupee One). |
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