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| Exchange Disseminated Time | Himadri Chemicals & Industries Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 28, 2011, inter alia, have passed the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2011 and the Profit & Loss Account for the year ended on that date together with the report of the Auditors' and Directors' thereon.
2. Declaration of a Dividend at the rate of 10% (i.e. Re. 0.10 per equity share) to be paid out of the current profits of the Company, for the year ended March 31, 2011.
3. Re-appointment of Mr. Bankey Lal Choudhary, as a Director of the Company, liable to retire by rotation.
4. Re-appointment of Mr. Sakti Kumar Banarjee, as a Director of the Company, liable to retire by rotation.
5. Re-appointment of Messrs S. Jaykishan, Chartered Accountants, as a Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
6. Re-appointment of Mr. Bankey Lal Choudhary, as a Managing Director of the Company for a further period of 2 (two) years with effect from April 01, 2011, on remuneration, terms & conditions.
7. To create, offer and grant from time to time, up to 1,15,71,978 stock options in the aggregate to eligible employees, including any Director of the Company, whether whole time or otherwise, under the HCIL Employee Stock Option Scheme 2011 hereinafter referred as the "ESOS 2011"; each option would be exercisable for one Equity share of a face value of Re. 1 each fully paid-up on payment of the requisite exercise price to the Company in one or more tranches/ and on such terms and conditions as may be fixed or determined by the Board in accordarce with the provisions of the law or guidelines issued by the relevant authorities.
8. To create, offer, issue and grant from time to time, up to 77,14,650 stock options in the aggregate to eligible employees, including any Director whether whole time or otherwise of all the existing and future subsidiaries of the Company, under the HCIL Employee Stock Option Scheme 2011 hereinafter referred as the "ESOS 2011"; each option would be exercisable for one Equity share of a face value of Re. 1 each fully paid-up on payment of the requisite exercise price to the Company in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant authorities. |
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