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| Exchange Disseminated Time | Murudeshwar Ceramics Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on June 19, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2010 and the Profit and Loss Account for the year ended on the said date together with schedules and notes on accounts, Cash-flow statement and also the Directors' Report, Corporate governance report and Auditors' Report as per the Printed Annual Report circulated to the members.
2. Re-appointment of Dr. Sadanand V Nadig, Shri. Sunil R Shetty as Directors of the Company.
3. Re-appointment of M/s. M. A. Narasimhan & Co., Chartered Accountants, Bangalore as Auditors of the Company to hold office from the conclusion of this annual general meeting until conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Consolidated, reorganized / reclassified the present Authorised Share Capital of the Company of Rs. 71,62,00,000/- (Rupees Seventy one crores and sixty two lakhs only) divided into 2,40,00,000 Equity shares of Rs. 10/- each, 16,00,000 Redeemable Cumulative Preference shares of Rs. 100/- each and 25,50,000 Cumulative Convertible Preference Shares of Rs. 124/- each, into 5,56,20,000 (Five crores fifty six lakhs and twenty thousand) equity shares of Rs. 10/- each amounting to Rs. 55,62,00,000/- (Rupees Fifty five crores sixty two lakhs only) and 16,00,000 (Sixteen lakhs) Redeemable Cumulative Preference Shares of Rs. 100/- each amounting to Rs. 16,00,00,000/- (Rupees sixteen crores only) & consequential amendment in the Memorandum of Association of the Company.
5. Authority to the Board to issue equity shares of value not exceeding Rs. 75,00,00,000/- (Rupees Seventy five crores Only) including share premium amount in accordance with regulations prescribed by SEBI to individuals, companies, banks, financial institutions, employees, QIBs, NRIs, FIIs and other persons, whether resident in India or otherwise and whether they are members or promoters of the Company or otherwise through a Rights Issue and / or any other route and / or means, as may be decided by the Board of Directors in consultation with its merchant bankers, subject to necessary provisions & approvals. |
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