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| Exchange Disseminated Time | Cerebra Integrated Technologies Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on December 17, 2011 inter alia, have accorded the following:
1. Adoption of the Balance Sheet as at September 30, 2011 and the Profit and Loss Account for the year ended on that date together with the Directors' Report and the Auditors' Report thereon.
2. Re-appointment of Mr. Shridhar S. Hegde, Mr. P. Vishwamurthy, as a Director of the Company.
3. Appointment of Messrs Ishwar & Gopal, Chartered Accountants, as a Auditors of the Company for the next financial to hold the office of the Auditors until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
4. Increased the Authorised share capital of the Company from the existing Rs. 50,00,00,000 (Rupees Fifty Crores) divided into 5,00,00,000 (Five Crores) Equity Shares of Rs. 10/- each to Rs. 50,20,00,000 (Rupees Fifty Crores Twenty Lakhs) divided into 5,02,00,000 (Five Crore Two Lakhs) Equity Shares of Rs. 10/- each by creation of additional 2,00,000 (Two Lakhs) Equity Shares of Rs. 10/- each ranking pari passu with the existing Equity Shares and consequential amendment in the memorandum & article of association of the Company.
5. Authority to the Board to create, offer, issue and allot up to 288172 Warrants on a preferential basis to certain strategic investors (hereinafter referred to as the "Warrants") with each Warrant convertible into one Equity Share of the Company of nominal value of Re. 10/- each at a premium of Rs. 36.50/- per Share so that the total number of Equity Shares to be issued by the Company upon conversion of the Warrants does not exceed 288172 Equity Shares, on such terms and conditions.
Name of the proposed allottee : Bennett, Coleman & Co. Ltd
No. of Warrants : 288172
6. In continuation of the approval accorded at the Extra Ordinary General Meeting held on June 04, 2010 for further issue of Equity Shares on preferential basis, approval be and is hereby accorded for the following:
a. To treat Scenic Overseas (S) PTE. Ltd., Singapore under Non-Promoter category.
b. To treat Leytron Technology Pte. Ltd., Singapore under Non-Promoter category.
c. To treat Cimelia Resource Recovery Pte Ltd., Singapore under Non-Promoter category.
7. Appointment of Mr. V. Ranganathan, as Managing Director of the Company from January 01, 2012 on remuneration terms and conditions.
8. Appointment of Mr. Gururaja K. Upadhya as Director-Technical of the Company from January 01, 2012 on remuneration terms and conditions.
9. Appointment of Mr. P. Vishwamurthy as Whole-time Director in charge of ITES Business of the Company from January 01, 2012 on remuneration terms and conditions.
10. Appointment of Mr. Shridhar S. Hegde as Whole-time Director in charge of Marketing of the Company from January 01, 2012 on remuneration terms and conditions. |
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