| Grasim Industries Limited has submitted to the Exchange a copy of notice of Annual General Meeting of the shareholders of the Company to be held on September 17, 2011.
Grasim Industries Ltd has informed BSE that the 64th Annual General Meeting (AGM) of the Company will be held on September 17, 2011 at the Registered Office of the Company at GRASIM STAFF CLUB, Birlagram, Nagda, District Ujjain, Madhya Pradesh - 456 331 at 12.30 P.M., inter alia, to transact the following :
1. To receive, consider and adopt the audited Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the year ended March 31, 2011 and the Reports of the Directors and the Auditors of the Company.
2. To declare dividend on Equity Shares for the year ended March 31, 2011.
3. To appoint a Director in place of Mr. M. L. Apte, who retires from office by rotation, and being eligible, offers himself for re-appointment.
4. To appoint a Director in place of Mr. R. C. Bhargava, who retires from office by rotation, and being eligible, offers himself for re-appointment.
5. To appoint a Director in place of Mrs.Rajashree Birla, who retires from office by rotation, and being eligible, offers herself for re-appointment.
6. To appoint a Director in place of Mr. Cyril
Shroff, who retires from office by rotation, and being eligible, offers himself for re-appointment.
7. Reappointment of Messrs. G. P. Kapadia & Co., Chartered Accountants, Mumbai and Messrs. Deloitte Haskins & Sells, Chartered Accountants, Mumbai the retiring Joint Statutory Auditors of the Company, as the Joint Statutory Auditors of the Company to hold office as such from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
8. Reappointment of Messrs. Vidyarthi & Sons, Chartered Accountants, Lashkar, Gwalior as Branch Auditors of the Company, to audit the Accounts in respect of the Company?s Vikram Woollens Division at Malanpur (MR.) to bold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
9. Appointment of Mr. Adesh Gupta, Whole-Time Director and CEO of the Company, as the Manager of the Company as defined in Section 2(24) of the Act, in addition to his present designations, w.e.f. March 22, 2011 till October 02, 2014, with liberty to either party to terminate the said appointment on three months' notice in writing to the other, subject to necessary provisions and approvals
10. In partial modification of the Resolution passed by the members of the Company at the Annual General Meeting held on August 20, 2010 and pursuant to Sections 198, 269, 309 and 310 read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956
(the said Act), including any statutory modification or re-enactment thereof for the time being in force, consent of the Company be and is hereby accorded: (i) to the revision in the amount of the Basic Salary payable to Mr. K. K. Maheshwari, Whole-Time Director of the Company, upto an overall limit of Rs. 25,00,000 (Rupees Twenty-five lacs only) per month; (ii) to
the revision in the amount of Special Allowance payable to Mr. K. K. Maheshwari upto an overall limit of Rs. 30,00,000 (Rupees Thirty lacs only) per month; and (iii) to the revision in the amount of Performance Bonus linked to the achievement of targets as may be decided by the Board and/or other compensation payable to Mr. K.K. Maheshwari, as may be decided by the
Board from time to time upto the end of his tenure, the same to be made on a pro rata basis every month or on an annual basis or partly monthly and partly on annual basis at the discretion of the Board subject to a maximum of Re. 4,00,00,000 (Rupees Four crore only) in a year on this account, as may be decided by the Board of Directors of the Company from time to time for
the remainder of his tenure of his current term, i.e., upto May 19, 2015, subject, however, to the limits prescribed in Part II of Schedule XIII to the said Act and subject to the consequential variation or increase in the terms due to the revision in the terms of his remuneration as aforesaid, and conditions of his appointment remaining the same as approved at the Annual
General M4eting of the Company held on August 20, 2010. 11. Payment of , in addition to the sitting fees for attending the meetings of the Board of Directors ('Board') or Committee(s) thereof and reimbursement of expenses, in accordance with the
relevant provisions of the Articles of Association of the Company, commission to the Directors of the Company (other than the Whole-Time Directors, Managing Director or the Manager of the Company, as the case may be), for a period of five years
commencing from April 01, 2011, at a rate not exceeding 1% (one per cent) per annum of the net profits of the Company calculated in accordance with the relevant provisions of the Act, in each year, but subject to such ceiling, if any, per
annum as the Board may from time to time fix in this behalf, such commission being divisible amongst the Directors of the Company in such proportion and in such manner as may be decided by the Board.
(As Per BSE Announcement Dated on 30.08.2011)
Grasim Industries Ltd has informed BSE that the Members of the Company at the 64th Annual General Meeting of the Company held on September 17, 2011, have approved the following items:
1. Adoption of Audited Accounts for the year ended March 31, 2011 along with the Report of the Directors and Auditors thereon.
2. Declaration of Dividend on equity shares @ Rs. 20 per equity share for the year ended March 31, 2011.
3. Re-appointment of Mr. M. L. Apte, Director, retiring by rotation
4. Re-appointment of Mr. R. C. Bhargava, Director, retiring by rotation
5. Re-appointment of Mrs. Rajashree Birla, Director, retiring by rotation
6. Re-appointment of Mr. Cyril Shroff, Director, retiring by rotation
7. Re-appointment of M/s. G.P. Kapadia & Co., Chartered Accountants, Mumbai and M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai, as the Joint Statutory Auditors of the Company.
8. Re-appointment of M/s. Vidyarthi & Sons, Gwalior, as Branch Auditors (for Vikram Woollens, Malanpur)
9. Appointment of Mr. Adesh Gupta, Whole Time Director & CFO as Manager of the Company as defined in Section 2(24) of the Act, in addition to his present designations w.e.f. March 23, 2011 till October 02, 2014
10. Increase in Salary, Special Allowance, Performance Linked Variable Pay and/ or Long-term Incentive Compensation of Mr. K.K. Maheshwari, Whole Time Director
11. Approval for Payment of Commission upto 1% of the Net Profits to the Non-Executive Directors of the Company for a period of 5 years commencing from April 01, 2011.
(As Per BSE Annoncement Website Dated on 17/09/2011)
Grasim Industries Ltd has submitted to BSE a copy of the proceedings of the 64th Annual General Meeting (AGM) of the Company held on September 17, 2011 , inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2011 and the Profit & Loss Account for the year ended March 31, 2011 and the Reports of the Directors and the Auditors of the Company, on remuneration, terms & conditions.
2. Declaration of Dividend on 9,17,04,705 Equity Shares of Rs. 10/- each @ Rs. 20/- (Rupees Twenty only) per Share.
3. Re-appointment of Mr. M. L. Apte, Mr. R.C. Bhargava, Mrs. Rajashree Birla & Mr. Cyril Shroff as Directors of the Company.
4. Re-appointment of Messrs G. P. Kapadia & Co., Chartered Accountants, Mumbai & Messrs. Deloitte Haskins & Sells, Chartered Accounts, Mumbai, as the Joint Statutory Auditors of the Company to hold office as such from the conclusion of this Annual General Meeting until the conclusion of the Next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Re-appointment of Messrs Vidyarthi & Sons, Chartered Accountants, Lashkar, Gwalior as Branch Auditors of the Company, to hold office from the conclusions of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
6. Appointment of Mr. Adesh Gupta, Whole-Time Director and CFO of the Company, as the Manager of the Company in addition to his present designations, w.e.f. March 22, 2011 till October 02, 2014, with liberty to either party to terminate the said appointment on three months' notice in writing to the other.
7. Revision in remuneration payable to Mr. K. K. Maheshwari, Whole Time Director of the Company, on terms & conditions.
8. To the payment of, in addition to the sitting fees for attending the meetings of the Board of Directors ('Board') or Committee(s) thereof and reimbursement of expenses, in accordance with the relevant provisions of the Articles of Association of the Company, commission to the Directors of the Company (Other than the Whole-Time Directors, Managing Director or the Manager of the Company, as the case may be), for a period of five year commencing from April 01, 2011, at a rate not exceeding 1% (one percent) per annum of the net profits of the Company calculated in accordance with the relevant provisions of the Act, in each year, but subject to such ceiling, if any, per annum as the Board may from time to time fix in this behalf, such commission being divisible amongst the Directors of the Company in such proportion and in such manner as may be decide by the Board.
(As Per BSE Announcement Dated on 15.10.2011) |
| Grasim Industries Ltd. has informed the Exchange that the Annual General Meeting will be held on August 02, 2008.
Grasim Industries Ltd has informed BSE that the members at the 61st Annual General Meeting (AGM) of the Company held on August 02, 2008, inter alia, have accorded the following:
1. Adoption of the audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account for the year ended March 31, 2008 and the Reports of the Directors and the Auditors of the Company.
2. Approval of the Dividend paid on Fully Paid-up Equity Shares of Rs 10/- each @ Rs 30/- (Rupees Thirty only) per Share.
3. Re-appointment of Mr. B V Bhargava, Mr. Kumar Mangalam Birla & Mr. M L Apte, as Directors of the Company.
4. Re-appointment of M/s. G P Kapadia & Co., Chartered Accountants, Mumbai as the Statutory Auditors of the Company to hold office as such from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants, Mumbai (in place of M/s. A F Ferguson & Co., Chartered Accountants, who have given notice in wring of their unwillingness to be appointed as Branch Auditors of the Company and in respect of which a Special Notice has been received by the Company) as the Branch Auditors of the Company, to audit the Accounts in respect of the Company's manufacturing plants of Grey Cement and White Cement, Marketing Zones, Terminals and Ready Mix Concrete Units, 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 M/s. Vidyarthi & Sons, Chartered Accountants, Lashkar, Gwalior as Branch Auditors of the Company, to audit the Accounts in respect of the Company's Vikram Woollens Division, 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.
7. Revision in the remuneration payable to Mr. Shailendra K Jain, on terms & conditions.
8. Revision in the remuneration payable to Mr. D D Rathi, on terms & conditions.
9. Amendment of the Articles of Association of the Company in the following manner:-
That the existing Article 63(1) be and is hereby deleted and substituted by the
following:
"Article No. 63(1) - Buy Back of Shares"
Notwithstanding anything contained in these Articles, the Company shall have the power to purchase its own shares and other specified securities as it may consider necessary subject to such limits, upon such terms and conditions and in accordance with the provisions of Sections 77A, 77AA and 77B of the Act for the time being in force and the Rules if any prescribed by the Central Government and / or by Securities and Exchange Board of India or such other regulations and guidelines as applicable in this regard, provided that, nothing herein contained shall be deemed to affect the provisions of Section 100 to 104 and Section 402 of the Act in so far as and to the extent they are applicable.
(As per BSE Announcement dated on 01/09/2008) |
| Grasim Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 02, 2007 to July 07, 2007 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on July 07, 2007.
Grasim Industries Ltd has informed BSE that the shareholders at the 60th Annual General Meeting (AGM) of the Company held on July 07, 2007, inter alia, have approved re-appointment of Shri. D D Rathi as the Whole Time Director of the Company for a period of two years with effect from August 01, 2007.
(As Per BSE Announcement Website Dated on 10/07/2007)
Grasim Industries Ltd has informed BSE that the members at the 60th Annual General Meeting (AGM) of the Company held on July 07, 2007, inter alia, have also accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account for the year ended March 31, 2007 and the Reports of the Directors and the Auditors of the Company.
2. Approval of the Interim Dividend paid on Fully Paid-up Equity Shares of Rs 10/- each @ Rs 27.50 per Share as final dividend for the year 2006-07.
3. Re-appointment of Mrs. Rajashree Birla, Mr. Cyril Shroff and Mr. S G Subrahmanyam, as Directors of the Company.
4. Re-appointment of M/s. G P Kapadia & Co., Chartered Accountants, Mumbai as the Statutory Auditors of the Company to hold office as such from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Re-appointment of M/s. A F Ferguson & Co., Chartered Accountants, Mumbai, as Branch Auditors of the Company, to audit the Accounts in respect of the Company's manufacturing plants of Grey Cement and White Cement, Marketing Zones, Terminals and Ready Mix Concrete Units, 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 M/s. Vidyarthi & Sons, Chartered Accountants, Lashkar, Gwalior as Branch Auditors of the Company to audit the Accounts in respect of the Company's Vikram Woollens Division 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.
(As Per BSE Announcement Website Dated on 07/08/2007) |