| Kesoram Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 21, 2011 to July 05, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on July 05, 2011.
Kesoram Industries Ltd has informed BSE that the members at the 92nd Annual General Meeting (AGM) of the Company held on July 05, 2011, inter alia, have approved the following:
1. Adoption of the Audited Balance Sheet a at March 31, 2011 and the Profit & Loss Account of the Company for the year ended as on that date together with Reports of the Auditors and that of the Directors as placed before the meeting.
2. Confirmation of the Interim Dividend @ Rs. 2.25 per share on 4,57,43,318 Ordinary Shares of Rs. 10/- each, for the financial year ended March 31, 2011, by the Board of Directors at its meeting held on November 10, 2010.
3. As recommended by the Director, declared the Final Dividend @ Rs. 3.25 per Ordinary Share for the financial year ended March 31, 2011 on 4,57,43,318 Ordinary Shares of Rs. 10/- each.
4(i). Re-appointment of Shri Pesi Kushru Choksey, as a Director of the Company, liable to retire by rotation.
4(ii). Re-appointment of Shri Amitabha Ghosh, as a Director of the Company, liable to retire by rotation.
5. Re-appointment of Messers Price Waterhouse, Chartered Accountants, as Auditors of the Company until conclusion of the Next Annual General Meeting, on remuneration, terms & conditions.
6. Authority to the Board of Directors to borrow from time to time all such sum of money as they may deem requisite for the purpose of the business of the Company notwithstanding that money to be borrowed together with money already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business), exceed the aggregate of the paid up capital and its free reserves, that is to say, reserves not se apart for any specific purpose, provided that the aggregate of the sums so borrowed shall not exceed Rs. 4,000 Crore (Rupee Four Thousand Crore Only) at any one point of time.
7. Authority to the Board of Directors to hypothecate, mortgage, create lien and/or other encumbrances in addition to the mortgages/charges etc. already created/to be created by the Company in such form and manner and with such ranking and at such time and on such terms on all or on any of the movable and/or immovable properties of the Company both present and future and/or the whole or any part of the undertaking(s) of the Company as the Board may determine to secure the sum or sums of moneys borrowed or to be borrowed aggregating up to Rs. 4,000 Crore (Rupees Four Thousands Crore only) by the Company from Banks, Financial Institutions etc.
8(a). Approved and ratified the remuneration including the perquisites and other amenities paid / payable to Shri K. C. Jain (excluding P. F. & Super annuation contributions and gratuity) during the period of his office as Manager of the Company as the minimum remuneration for the financial year ended March 31, 2011 and further proportionate amount to be paid for the period from April 01, 2011 to April 14, 2011 as approved by the Shareholders previously even in excess of the prescribed limits in schedule XIII of the Act [in addition to the remuneration (excluding P. F. & Super-annuation contributions and Gratuity of Rs. 2.21 lac) received / receivable front Mangalam Cement Ltd., a profit making Company, for the financial year ended March 31, due to loss in the Company for the financial year ended March 31, 2011, subject to necessary provisions and approvals.
8(b). Approved and ratified the remuneration including the perquisites and other amenities paid / payable to Shri Deepak Tandon (excluding P. F. & Super annuation contributions and gratuity) as the minimum remuneration during the period of his office as Whole-Time Director of the Company for the financial year ended March 31, 2011, and further proportionate amount to be paid for the period from April 01, 2011 to April 14, 2011, in terms of the approval of Shareholders given earlier even in excess of the prescribed limits in schedule XIII of the Act due to loss in the Company for the financial year ended March 31, 2011, subject to necessary provisions and approvals.
9. Approves the appointment by the Board of Directors (Board) of Shri K. C. Jain as Whole-time Director at the following terms & conditions, notwithstanding the fact that he is also Managing Director of Maangalam Cement Ltd, for a period of three years with effect April 15, 2011 with liberty to either party to terminate the appointment on three months notice in writing to the other or the notice pay in lieu thereof, upon the following terms as to remuneration as set out hereafter and with further liberty to the Board of Directors/ any Committee thereof/ Chairman of the Board from time to time to after the said terms in such manner as may be in the best interests of the Company, subject however to the restrictions, if any, contained in the contained in the Companies Act, 1956, including Schedule XIII thereto as amended up to date and/or otherwise as may be permissible by law or Central Government in this behalf, subject to necessary provisions and approvals.
(As Per BSE Announcement Website dated on 11.08.2011) |
| AGM 26/06/2009
Kesoram Industries Ltd has informed BSE that the members at the 90th Annual General Meeting (AGM) of the Company held on June 26, 2009, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2009 and the Profit & Loss Account of the Company for the year ended on that date together with reports of the Auditors and that of the Directors.
2. Recommendation of Interim Dividend @ Rs 2.25 per Share for the half year ended September 30, 2008 on Ordinary Shares of Rs 10/- each.
3. Recommendation of Final Dividend @ Rs 3.25 per Share for the year ended March 31, 2009 on Ordinary Shares of Rs 10/- each.
3. Re-election of Shri. P K Malik & Shri. S K Parik as Directors of the Company.
4. Re-appointment of Messers Price Waterhouse, Chartered Accountants, Kolkata as Auditors of the Company until conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
(As Per BSE Announcement Website dated on 27.07.2009) |
| A.G.M. 26.06.2008
Kesoram Industries Ltd has informed BSE that the members at the 89th Annual General Meeting (AGM) of the Company held on June 26, 2008, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account of the Company for the year ended on that date together with reports of the Auditors and that of the Directors.
2. Recommendation of Dividend @ Rs 5.50 per Share for the year ended March 31, 2008 on Ordinary Shares of Rs 10/- each.
3. Re-election of Shri. B K Birla & Smt. Manjushree Khaitan as Directors of the Company.
4. Re-appointment of Price Waterhouse, Chartered Accountants, Kolkata as Auditors of the Company until conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. To hypothecate, mortgage, create lien and / or other encumbrances in addition to the mortgages / charges etc. already created / to be created by the company in such form and manner and with such ranking and at such time and on such terms on all or on any of the movable and / or immovable properties of the company both present and future and / or on the whole or any part of the undertaking(s) of the company as the Board may determine to secure the sum or sums of moneys borrowed or to be borrowed aggregating up to Rs 3,000 Crores (Rupees Three Thousand Crores only) by the Company from Banks, Financial Institutions etc.
6. To borrow from time to time all such sum of money as they may deem requisite for the purpose of the business of the company notwithstanding that money to be borrowed together with money already borrowed by the company (apart from temporary loans obtained from the company's bankers in the ordinary course of business), exceed the aggregate of the paid up capital and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the aggregate of the sum so borrowed shall not exceed Rs 3,000 Crores (Rupees Three Thousand Crores only) at any one point of time.
7. Authority to Board of Directors of the Company, to pay the increased commission with effect from April 01, 2007 to its Directors (except Shri. S K Parik) at the rate of 1% of the net profits of the Company to be divided amongst them equally subject to an amount to he decided by the Board every year not exceeding Rs 25 Lacs (Rupees Twenty Five Lacs only) in every financial year computed in the manner referred to in Section 198 of the said Act, from the aforesaid date for the remaining period of five years approved by the shareholders in its meeting held on June 30, 2005, on terms & conditions.
(As per BSE Announcement Website dated on 28/07/20080 |