| English Indian Clays Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 09, 2011 to June 10, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on June 10, 2011.
English Indian Clays Ltd has informed BSE that the 47th Annual General Meeting (AGM) of the Company will be held on June 10, 2011 at 11.30 am. to transact the following business.
1. To receive, consider and adopt the Audited Balance Sheet as on March 31, 2011, the Profit and
Loss Account for the year ended on that date and the Reports of the Directors and Auditors thereon.
2. To declare a final dividend on 11% Preference Shares and Equity Shares.
3. To appoint a Director in place of Mr. Karan Thapar & Mr. J. K. Jain, who retires by rotation and being eligible, offers themselves for reappointment.
4. To appoint the Auditors and to fix their remuneration - M/s Walker, Chandiok & Co., Chartered Accountants, the present Auditors of the Company retire and are eligible for re-appointment.
5. To appoint Mr. Praveen Sachdev as a Director on the Board of the Company subject to retirement by rotation.
6. To extend the period of redemption of 20,00,000 11% Cumulative Redeemable Preference Shares of Rs. 100/- each issued to M/s DBH International Pvt Ltd. for a further period of 5 years with an option to redeem the said CRPS at par not earlier than 18 months but not later than 5 years in one or more tranches, at the option of the Company from the date of renewal i.e. from September 04, 2011, in accordance with the provisions of the Companies Act, 1956.
7. Authority to the Board of Directors of the Company to borrow from time to time, monies for the business of the company notwithstanding
that the money to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in the ordinary course of business) will exceed the aggregate of paid up capital of the company
and its Free Reserves i.e. to say, Reserves not set apart for any specific purpose, provided that the total amount of monies borrowed at any time, shall not exceed Rs. 300 Crores, subject to necessary provisions and approvals.
8. Authority to the Board of Directors of the Company to create first pan passu charge/equitable mortgage on all immovable properties of the
Company situated at Thiruvananthapuram (Kerala), Yamunanagar (Haryana) , Puducherry and Nidige and Machenahali, village Shimoga, in favour of State Bank of India, both present and future, of the whole or substantially the whole of the said
undertaking of the Company in such form and in such manner as the Board may think fit for securing the followings: (a) Term Loan of Rs. 25 Crores. (b) All interests, compound/additional interest, commitment charges, costs, charges, expenses, and all other monies payable by the Company to State Bank of India.
9. Authority to the Board of Directors of the Company to create first Pan Passu Charge/equitable mortgage on all immovable properties of the Company situated at Thiruvananthapuram (Kerala), Yamunanagar (Haryana) Puducherry and Nidige and Machenahali, village Shimoga, in favour of Axis Bank Ltd. both present and future, of the whole or substantially the whole of the said undertaking of the Company in such form and in such manner as the Board may think fit for securing the followings: (a) Term Loan of 25 Crores. (b) All interests,
compound/additional interest, commitment charges, costs, charges, expenses, and all other monies payable by the Company to Axis Bank Ltd.
10. Authority to the Board of Directors of the Company to create second charge/mortgage on all or any of the immovable properties of the Company in favour of Axis Bank Ltd., situated at Thiruvananthapuram (Kerala), Yamunanagar,
(Haryana) Puducherry and Nidige and Machenahali, village Shimoga both present and future, of the whole or substantially the whole of the said undertaking of the Company in such form and in such manner as the Board may think fit for securing the followings: (a) Fund based facilities - Cash Credit : Rs. 1750 lacs - Bills purchased/discounted : Rs. 250 lacs - Non-fund
based : Rs. 750 lacs - TOTAL Rs. 2750 lacs (b) All interests, compound/additional interest, commitment charges, costs, charges, expenses, and all other monies payable by the Company to Axis Bank Ltd.
11. Authority to the Board of Directors of
the Company to create second charge/mortgage on all or any of the immovable properties of the Company in favour of Yes Bank Ltd., situated at Thiruvananthapuram (Kerala), Yamunanagar (Haryana), Puducherry and Nidige and Machenahah, village Shimoga, both present and future, of the whole or substantially the whole of the said undertaking of the Company in such form and in
such manner as the Board may think fit for securing the followings: (a) Fund based facilities - Cash Credit : Rs. 1000 lacs
- Non-fund based Rs. 250 lacs - TOTAL : Rs. 1250 lacs
12. Authority to the Board of Directors of the Company to create second charge/mortgage on all or any of the immovable properties of the Company in favour of State Bank of India situated at Thiruvananthapuram (Kerala), Yamunanagar (Haryana), Puducherry and Nidige and Machenahah, village Shimoga, both present and future, of the whole or substantially the whole of the said undertaking of the Company in such form and in such manner as the Board may think fit for securing the followings: (a) Fund based facilities - Cash Credit : Rs. 2000 lacs - Non-fund based : Rs. 500 lacs - TOTAL : Rs. 2500 lace (b) All interests, compound/additional interest, commitment charges, costs, charges,
expenses, and all other monies payable by the Company to State Bank of India.
13. Authority to the Board of Directors of the
Company to create charge/equitable mortgage as first charge or second charge, as the case may be, and as may be agreed between the Company and the Lenders, on all immovable properties of the Company situated at Thiruvanarithapuram (Kerala),
Yamunanagar (Haryana) , Puducherry and Nidige and Machenahali, village Shimoga, in favour of any Financial Institution/Bank, both present and future, of the whole or substantially the whole of the said undertaking of the Company in such form and in such manner as the Board may think fit for securing any Financial Assistance obtained from Financial institutions/ Banks to the extent of Rs. 85 Crores from time to time apart from loan/financial assistance already obtained as on date, subject to necessary provisions and approvals.
(As Per BSE Announcement Dated on 23.05.2011) |
| Annual General Meeting to be held on June 29, 2010
English Indian Clays Ltd has informed BSE that the Annual General Meeting (AGM) of the members of the Company will be held on June 29, 2010.
(As Per BSE Announcement Dated on 17.06.2010)
English Indian Clays Ltd has informed BSE that the shareholders at the Annual General meeting (AGM) of the Company held on June 29, 2010, have approved, among others, the following proposals, as under :-
1. A final dividend @ Rs. 5/- per equity share of face value of Rs. 10/- each.
2. Sub-division of 1 Equity Share of Rs. 10/- each fully paid up into 5 Equity Shares of Rs. 2/- each fully paid up.
3. Issue of Bonus shares in the ratio of 5:4 i.e. 5 Equity Shares of Rs. 2/- each for every 4 Equity Shares of Rs. 2/- each.
English Indian Clays Ltd has submitted to BSE a copy of the resolution passed by the shareholders in their Annual General Meeting (AGM) held on June 29, 2010.
Resolutions passed at the AGM :
1. Consent accorded to the Board of Directors of the Company to issue and allot 2,79,31,119 (Two Crores Seventy Nine Lacs Thirty One Thousand One Hundred Nineteen) Equity Shares of Rs. 2/- (Rupees Two) each aggregating to Rs. 5,58,62,238/- (Rupees Five Crores Fifty Eight Laos Sixty Two Thousand Two Hundred Thirty Eight only) as Bonus Shares credited as fully paid up, by capitalization of the sum standing to the credit of Capital Redemption Reserve Account and/or other permissible account, to all the members of the Company holding Equity Shares of Rs. 2/- (Rupees two) each of the Company on the record date/Book closure to be hereafter fixed by the Board for this purpose, in the ratio of 5 (Five) new Equity Shares of Rs. 2/- (Rupees Two) each for every 4 (Four) Equity Shares of Rs. 2/- (Rupees Two) each held, subject to necessary provisions and approvals
(As Per BSE Announcement Dated on 29.06.2010)
English Indian Clays Ltd has informed BSE that the Shareholders at the Annual General Meeting (AGM) of the Company held on June 29, 2010, has appointed M/s. Walker, Chandiok & Co., Chartered Accountants as the Auditors of the Company for the financial year 2010-11 in place of retiring Auditors M/s. Price Waterhouse, Chartered Accountants.
(As Per BSE Announcement Website dated on 30.06.2010) |