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| Exchange Disseminated Time | Raj Oil Mills Ltd has informed BSE that the members at the 8th Annual General Meeting (AGM) of the Company held on September 30, 2010, inter alia, have approved unanimously the following resolutions:
1. Approved re-appointment of Mr. Azamkhan F. Lohani & Mr. Rashid I. Tharadra as Directors of the Company who retired by rotation.
2. Approved appointment of Mr. Sunil Mistry as Director of the Company, who was appointed as Additional Director of the Company by the Board on May 31, 2010.
3. Approved re-appointment of Mr. Shaukat S. Tharadra as Managing Director of the Company.
4. Approved re-appointment of Mr. Azamkhan F. Lohani, Mr. Rashid Tharadra & Mr. Abdulla K. Musla as Whole Time Directors of the Company.
In further to the above, the following resolution was demanded by poll, which was approved by requisite majority of the share holders, as per the Scrutinizer report tabled to the Chair.
1. Adoption of Profit & Loss Account for the 15-months period ended March 31, 2010 and Balance Sheet as at that date together with the Schedules and the Reports of the Auditors and Directors thereon.
2. Approved appointment of M/s Agarwal, Desai & Shah, Chartered Accountants, Mumbai, in place of retiring auditors, M/s M. K. Gohel & Associates, Chartered Accountants, Mumbai as Statutory Auditors to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting on remuneration to be decided by the Board of Directors.
3. Approved increase of Authorised Share Capital of the Company from 40,00,00,000 to 160,00,00,000 consisting of 16,00,00,000 Equity Shares of 10/-each.
4. Approved the offer of equity shares and/or fully convertible debentures and/or party convertible debentures and/or non-convertible debentures with warrants, and/or any securities (other than warrants) to Qualified Institutional Buyers (QIBs)
5. Approved to offer, create, issue and allot in any security including Global Depository Receipts (GDRs), American Depository Receipt (ADRs) convertible into equity shares, or any other securities such as Foreign Currency Convertible Bonds (FCCBs), Preference Shares/Debentures or warrants. |
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