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| Exchange Disseminated Time | BF Utilities Ltd has informed BSE that has informed BSE that the 9th members at the Annual General Meeting (AGM) of the Company held on June 30, 2010, inter alia, have accorded to the following:
1. Adoption of the Revised Audited Balance Sheet as on September 30, 2009, the revised Profit & Loss Account and the Revised Cash Flow Statement for the year ended September 30, 2009 and the Reports of the Directors' and the Auditors thereon.
2. Reappointment of Mr. B. N. Kalyani and Mr. S. S. Vaidya as Directors of the Company.
3. Reappointment of M/s. Dalal & Shah, Chartered Accountants, as the Auditors of the Company.
4. Increase in Authorised Capital from Rs.20 Crores to Rs.30 Crores and of Clause V (Authorised Capital Clause) Of Memorandum of Association.
5. Alteration of Article 3. (Authorised Capital Clause) of Articles of Association (consequent to increase in Authorised Capital).
6. Authority to the Board of Directors for Mortgate / Hypothecation of Company’s assets to secure Company’s borrowings upto Rs.1500 Crores.
7. Authority to Board of Directors for borrowing money upto Rs.1500 Crores.
8. Increase in FII Shareholding limit to 40%. |
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