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| Exchange Disseminated Time | K.P.R. Mill Ltd has informed BSE that the members at the 8th Annual General Meeting (AGM) of the Company held on July 28, 2011, inter alia, have passed the following resolutions unanimously :
1. Adoption of the Balance Sheet and Profit & Loss Account for the year ended March 31, 2011.
2. Declaration of Dividend on Equity Shares.
3. Re-appointment of Sri. M. J. Vijayaraaghavan as Director of the Company.
4. Re-appointment of Sri. Shujaat Khan as Director of the Company.
5. Appointment of Auditors & fix their Remuneration.
6. Sri. A. M. Palanisamy appointed as a Director of the Company, liable to retire by rotation.
7. Sri. C. Thirumurthy appointed as a Director of the Company, liable to retire by rotation.
8. Sri. C. R. Anandalcrishnan appointed as a Director of the Company, liable to retire by rotation.
9. Appointment of Sri. C. R. Anandakrishnan as Executive Director of the Company for a period of 5 years with effect from February 01, 2011, on a remuneration, terms & conditions.
10. Re-appointment of Sri. K. P. Ramasamy, as Whole-Time Executive Chairman of the Company for a period of 5 years with effect from April 01, 2010.
11. Re-appointment of Sri. KPD Sigamani, as Managing Director of the Company for a period of 5 years with effect from April 01, 2010.
12. Re-appointment of Sri. P. Nataraj, as Managing Director of the Company for a period of 5 years with effect from April 01, 2010.
13. To appoint Sri. E. K. Sakthivel as Head-Operations (Garment Division) Tirupur, for a period of 5 years from May 01, 2011 to April 30, 2016, on remuneration, terms & conditions.
14. To appoint Mrs. D. Geetha as Chief Executive Officer (Garment Division) Tirupur, for a period of 5 years from May 01, 2011 to April 30, 2016 on remuneration, terms & conditions.
15. To borrow together with the monies, if any already borrowed, might exceed the aggregate of the Paid-up Capital and Free Reserves of the company at any time not exceeding the sum of Rs. 2000 Crores apart from temporary loans obtained from Company’s Bankers in the ordinary course of business and in respect of such borrowals create any security interest over any Assets / Properties / Undertakings / Interests of the Company, whether movable or immovable, Tangibles or intangibles, present and future by way of charge / Pledge / Mortgage / Hypothecation or otherwise as the Board may deem fit in favour of Banks / Financial / institutions/ Bodies Corporate / other persons. |
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