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| Exchange Disseminated Time | Muthoot Capital Services Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on July 31, 2010, inter alia, have accorded the following:
1. Adoption of the profit and loss account for the year ended March 31, 2010 the Balance Sheet as at that date and the reports of the Director’s and the Auditor thereon.
2. Declaration of a divided of Rs. 2.5/- (Two Rupees Fifty Paise only) per share on 65,00,000 (Sixty Five Lakhs only) Equity Shares of Rs. 10/- (Rupees Ten only) each fully paid up.
3. Re-appointment of Mr. A. P. Kurian & Mr. R. K. Nair as Directors of the Company.
4. Re-appointment of M/s. K. Venkatachalam Aiyer & Co. Chartered Accountants, as the Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. Authorized to borrow for the purpose of the business of the company, such sum or sums of moneys as they may deem necessary, notwithstanding the fact that the moneys borrowed and the moneys to be borrowed (apart from temporary loans obtained in the ordinary course of business from banks) from time to time will exceed the aggregate of the paid up capital of the Company and its free reserves. i.e. reserves not set apart for any specific purpose, provided that the total outstanding amount of such borrowings shall not exceed Rs. 150 Crores over and above the aggregate of the paid up capital of the Company and its free reserves at any time.
6. Increase the remuneration of Shri Thomas George Muthoot, Managing Director till the remaining period of appointment till July 11, 2011. |
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