| Jubilant FoodWorks Ltd has informed BSE that the 16th Annual General Meeting of the members of the Company will be held on August 20, 2011 at 11.00 A.M. at International Trade Expo Centre, Expo Drive, A-11, Sector-62, Noida-201301, U.P.
Jubilant FoodWorks Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on August 20, 2011, have accorded the following:
1. Adoption of the Audited Accounts of the Company for the financial year ended March 31, 2011 and the Reports of Directors' and Auditors' thereon.
2. Re-appointment of Shri Hari S. Bhartia & Ms. Ramni Nirula as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. S. R. Batliboi & Co., Chartered Accountants as Auditors of the Company, to hold office from the conclusion of the Sixteenth Annual General Meeting till the conclusion of the next Annual General Meeting on such remuneration terms & conditions.
4. Accorded to the Board for adoption and implementation of JFL Employees Stock Option Scheme 2011 (hereinafter referred to as 'JFL ESOP') and to create, offer, issue and grant/allot at any time such number of Equity Shares of the Company not exceeding 25,00,000 (twenty five lacs) for granting stock options to or for the benefit of the eligible employees of the Company pursuant to JFL ESOP, each option being convertible into one fully-paid up equity share of the Company having a face value of Rs. 10/-, at such price and on such terms and conditions as may be fixed or determined by the Board in accordance with the JFL ESOP.
5. Accorded to the Board to extend the benefits of the JFL Employees Stock Option Scheme 2011 (hereinafter referred to 'JFL ESOP' and to create, offer, issue and grant/allot at any time such number of Equity Shares of the Company not exceeding 25,00,000 (twenty five lacs) (as stated in the foregoing resolution), for granting stock options to or for the benefit of the eligible employees of the holding and the subsidiaries (including future holding and subsidiaries) of Company pursuant to JFL ESOP, each option being convertible into one fully-paid up equity share of the Company having a face value of Rs. 10/-, at such price and on such terms and conditions as may be fixed or determined by the Board in accordance with the JFL ESOP.
6. Accorded for grant of options under, Employees Stock Option Plan 2007, to such Non-Executive Directors of the Company as may be decided by the Board or any Committee thereof.
7. Accorded for waiver of excess remuneration of Rs. 1,21,48,646/- (Rupees One Crore Twenty One Lakh Forty Eight Thousand Six Hundred and Forty Six Only) paid to Mr. Ajay Kaul, CEO cum Whole Time Director of the Company, for the period from July 01, 2009 to March 13, 2010.
(As Per BSE Announcement Website dated on 20.08.2011) |