| Announcement: | Polypro Fibrils India Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded the following:
1. Approved the Audited Balance Sheet and Profit & Loss Account for the year ending
March 31, 2009 alongwith the report of Directors and Auditors.
2. Appointment of Mr. Ramesh Chandra Maradia, Mr. Pradeep Parmar and Mr. Sanjay Maradia as Independent Directors of the Company.
3. Mr. Ramesh Mishra, Mr. Satyajit Mishra, Mr. Raghvendra H.S. and Mr. Anthony J. baker whose tenure expired on the date of the AGM have not offered for reappointment have ceased to continue as directors, hence they have vacated the office.
4. M/s. Shiv Pawan & Company, Chartered Accountants have been appointed as Auditors of the Company.
5. It has been decided to carry out additional activity of e-learning and e-publishing and accordingly a special resolution has been passed to suitably amend the object clause.
6. Since the additional activity would require additional funds to implement the project it was decided to increase the Capital of the Company to Rs. 10 crores. Accordingly special resolution has been passed to amend the Capital clause of Memorandum of Association and Articles of Association.
7. Since the Company will become the multi facet Company it was therefore decided to change the name of Company.
8. In spite of repeated reminders the some share holders have not made the payment of call money and amount is lying in call in arrears. It was decided to issue them final notice and, if the call money is not received then forfeit the shares and reissue the same on such terms as may deem think fit by Board of Directors. Accordingly suitable resolution was passed. |
