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| Exchange Disseminated Time | Dhanlaxmi Bank Ltd has informed BSE that the members at the 84th Annual General Meeting (AGM) of the Bank held on June 22, 2011, inter alia, have passed the following special resolutions:
1. To issue, offer and allot upto 2,07,52,000 equity shares through preferential basis, subject to terms and conditions, including receipt of all regulatory approvals by the Bank and the investors, as the case may be, in relation to the preferential allotment;
2. amended Clause (2), 4A(xxi), 6,7.2,7.4, 10.1(b) and 10.1(c) of the Dhanalakshmi Bank Employee Stock Option Scheme 2009 (ESOP Scheme), which was approved by the shareholders of the Bank at its 82nd AGM held on July 31, 2009; and
3. inserted the words any other Whole time Director or any Director in the whole time employment of the Bank” between the words “The Chairman and / or Managing Director” and “shall not retire by rotation” appearing in Article 50(iii) of the Articles of Association of the Bank.
The Board of Directors of the Bank at its meeting held on April 23, 2011 has recommended 5% dividend, subject to the approval of RBI. Shareholders of the Bank at its 84th Annual General Meeting held on June 22, 2011 has passed resolution for a dividend of 5% or such other lower rate as the RBI may permit. |
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