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| Exchange Disseminated Time | Dhanlaxmi Bank Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company will be held on June 22, 2011 at 1.30 p.m. at Lu Lu International Convention Centre, Puzhakkal, Thrissur – 680 003, inter alia, to transact the following business:
1. To receive, consider and adopt the Audited Profit and Loss Account for the year ended March 31, 2011 and the Balance Sheet as at that date together with the Reports of the Board of Directors and the Auditors thereon.
2. To declare dividend for the year 2010-11.
3. To appoint a Director in place of Mr. Ghanshyam Dass & Mr. Sateesh Kumar Andra who retires by rotation and being eligible offers themselves for re-appointment.
4. To appoint Statutory Auditors and fix their remuneration.
5. To appoint Mr. Vidyadhara Rao Chalasani (Director in Minority Sector), as a Director liable to retirement by rotation.
6. To appoint as Branch Auditors of any branch office of the Bank, whether existing or which may be opened hereafter, in consultation with the Bank's Auditors, any person(s) qualified to act as Branch Auditor within the provisions of Section 228 of the Act and to fix their remuneration.
7. To create, issue, offer, and allot upto an aggregate of 2,07,52,000 (Two Crore Seven Lakh Fifty Two Thousand) equity shares of Rs. 10/- each of the Bank (each an "Equity Share" and collectively the "Issue Shares") at a premium of Rs. 130/- (Rupees One Hundred and Thirty only) per Equity Share aggregating to an issue price of Rs. 140/- (Rupees One Hundred and Forty only) per Equity Share not exceeding an aggregate issue price of Rs. 290,52,80,000 (Rupees Two Hundred and Ninety Crore and Fitly Two Lakh and Eighty Thousand only), to the following investors (hereinafter referred to as "Investor(s)"), on preferential allotment basis, at such time or times, in one or more tranches and on such terms and conditions and in such manner as may be decided by the Board in this connection:
- Customers Bancorp, Inc: Upto 51,88,000 Equity Shares for a total subscription amount not exceeding Rs. 72,63,20,000;
- MKCP Mauritius Master Holdings II Limited or any subsidiaries or affiliates: Upto 51,88,000 Equity Shares for a total subscription amount not exceeding Rs. 72,63,20,000;
- Multiples Private Equity FII I : Upto 36,31,600 Equity Shares for a total subscription amount not exceeding Rs. 50,84,24,000;
- Multiples Private Equity Fund: Upto 15,56,400 Equity Shares for a total subscription amount not exceeding Rs. 21,78,96,000; and
- WCP Mauritius Holdings: Upto 51,88,000 Equity Shares for a total subscription amount not exceeding Rs. 72,63,20,000.
8. To amend Clauses (2), 4A(xxi), 6, 7.2, 7.4, 10.1(b), 10.1(c) of The Dhanalakshmi Bank Employees Stock Option Scheme (ESOP Scheme) full details whereof have been furnished as per particulars furnished in the explanatory statement given hereunder in respect of this item of business.
9. To insert the words "any other Whole time Director or any Director in the whole time employment of the Bank" between the words "The Chairman and / or Managing Director" and "shall not retire by rotation" appearing in Article 50(iii) of the Articles of Association of the Bank." |
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