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| Exchange Disseminated Time | Uttam Sugar Mills Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on August 18, 2010, inter alia, have passed the following resolutions:
1. Adoption of the Audited Balance Sheet as at March 31, 2010, Profit & Loss Account for the financial year ended on that date together with the Reports of Board of Directors and Auditors thereon.
2. Re- appointment of Rotational Directors - Mr. Vikram Singh Tandon & Mr. Prabhkaran Singh Lalli.
3. Re-appointment and fixation of remuneration of M/s B. K. Kapur & Company, as Statutory Auditors to hold office from the date of this Annual General Meeting up to the conclusion of next Annual General Meeting.
4. Confirmation of the appointment of Additional Director - Mr. G.S. Matta, liable to retire by rotation.
5. Confirmation of the appointment of Additional cum Nominee. Directors - Mr. Satish Chandra & Mr. Krishan Gopal Sharma, not liable to retire by rotation.
6. Confirmation of Amendment relating to office of Mr. Pasha Biswas, Whole Time Director to make his period of office liable to retire by rotation.
7. Increase of Authorised Capital from Rs. 90 Crores to 115 Crores by creation of 25 Lacs Redeemable Preference Shares of Rs. 100/- each.
8. Authorisation to Board of Directors to issue Redeemable Preference Shares pursuant to section 81(1A) of the Companies Act, 1956.
9. Authorisation to Board of Directors under section 293(1)(a) of the Companies Act, 1956 regarding mortgaging and/or charging of all the immovable and/or movable properties of the Company to secure borrowings/ financial assistance not exceeding Rs. 1500 Crores.
10. Authorisation to Board of Directors under section 293(1)(d) of the Companies Act, 1956 regarding borrowing in excess of paid-up capital of the Company and its free reserves subject to a maximum limit of Rs. 1250 Crores. |
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