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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that the 18th Annual General Meeting (AGM) of the members of the Company will be held on September 30, 2009, inter alia, to transact the following business:
1. To discuss, consider and adopt the Audited Balance Sheet as on March 31, 2009 and the Profit and Loss account for the year ended on that date and the report of the Board of Directors on the working and activities of the Company and Auditors Report thereon.
2. To declare @ 15% final Dividend to the Equity Share Holder of the Company i.e. Re 0.15 per share for the F.Y. 2008-09.
3. To appoint a director in the place of Shri. Rajul Agrawal, Shri. Shyam Babu Agrawal & Shri. Santosh Kumar, who retires by rotation and being eligible, offers themselves for re-appointment.
4. To appoint Statutory Auditors in place of M/s. M Munshi & Company, Chartered Accountants, to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting and to fix their remuneration.
5. To increase authorized share capital of the Company by addition thereto of the sum of Rs 1,00,00,000/- (Rupees One Crore) beyond the present authorized capital of
Rs 20,00,00,000/- (Rupees Twenty Crores). The increased Capital is divided into 210000000 (Twenty One Crores) Equity Shares of Re. 1/- each & consequential amendment in the Memorandum of Association of the Company.
6. To shift the registered office of the Company from its present situation at 19-30, Industrial Area, Kheda, Itarsi to E-1/1, Arera Colony, Bhopal, a place falling outside the local limits of the town where it is presently situated within the same State under the jurisdiction of the same Registrar of Companies, subject to necessary provisions & approvals.
7. To create, issue, offer and allot equity shares for an amount not exceeding Rs 200 crores to be raised in one or more trenches by way of private placement of equity shares including allotment to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP) in terms of Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (SEBI DIP Guideline) or through public issue, rights issue and / or private offerings in domestic and / or one or more international market(s), whether by way of direct issue of equity shares or through depository receipts, whether Global Depository Receipts or American Depository Receipt or Foreign Currency Convertible Bonds (FCCBs) and / or any instrument or securities convertible into equity shares at the option of the holder(s), whether or not such investors are existing shareholders of the Company at such price or prices, at market price(s) or at a discount or at a premium to market price(s) in such manner and where necessary in consultation with the lead manager and / or underwriters and / or other advisors or otherwise on such terms and conditions as the Board may, in their absolute discretion, decide at the time of the issue subject to necessary provisions & approvals.
Further provided that the issue price for the private placement including QIP shall be at or above the issue price (Floor Price) calculated in terms of provisions of chapter XIII-A of the SEBI DIP Guideline. The relevant date (Relevant Date) for the purpose of arrival of the Floor Price shall be 30 days prior to the date of this general meeting of members of the Company.
8. Accorded consent for the payment of enhanced remuneration and perquisites to Shri. Gulab Chand Agrawal, Whole Time Director with effect from October 01, 2009 till the completion of existing term as per the term and conditions.
9. Accorded consent for the payment of enhanced remuneration and perquisites to Shri. Satish Chand Agrawal, Whole Time Director with effect from October 01, 2009 till the completion of existing term as per the term and conditions.
10. Accorded consent for the payment of enhanced remuneration and perquisites to Shri. Ashok Agrawal, Whole Time Director with effect from October 01, 2009 till the completion of existing term as per the term and conditions.
11. Accorded consent for the payment of enhanced remuneration and perquisites to Shri. Anil Agrawal, Whole Time Director with effect from October 01, 2009 till the completion of existing term as per the term and conditions. |
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