| Extra Ordinary General Meeting of the Company on June 25, 2007, to transact the following special business:
1. Resolution ratifying the Resolution passed by the members at the Annual General Meeting of the Company held on December 26, 2000 for allotment of Equity Shares to promoters on preferential basis.
2. Appointment and designation of Miss. Sangeeta C Pardhanani as 'Managing Director' and increase in remuneration.
3. Continue to pay commission to Chairman.
4. Amendment of Articles of Association regarding enabling provision for two promoter Directors for Life.
Mac Charles India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 25, 2007, inter alia, for the purpose of ratification of issue of 10,00,000 equity shares allotted to the promoter on a preferential basis with necessary disclosures in compliance with SEBI guidelines.
(As Per BSE Announcement Website Dated on 29/05/2007)
Mac Charles India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 25, 2007, inter alia, to also transact the following:
1. Appointment & remuneration of Miss. Sangeeta C Pardhanani, Whole Time Executive Director as 'Managing Director' for a period of five years with effect from December 05, 2006 to December 04, 2011, on remuneration, terms & conditions.
2. Remuneration payable to Mr. C B Pardhanani, Chairman of the Company, for each financial year for a period of 5 years with effect from April 01, 2007.
3. To substitute the new article numbered as Article No 102A after existing Article No. 102.
(As Per BSE Announcement Website Dated on 29/05/2007)
Mac Charles India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 25, 2007, inter alia, have accorded to the following:
1. Ratification of the allotment of 10,00,000 Equity Shares of Rs 10/- each of the Company at a premium of Rs 13.28 per share made to Mr. C B Pardhanani, Promoter, on preferential basis in accordance with the Special Resolutions passed at Item No. 8 at the 20th Annual General body Meeting of the Company held on December 26, 2000 for allotment of equity shares to promoter.
2. Appointment and remuneration of Miss. Sangeeta C Pardhanani, whole time Executive Director as 'Managing Director' for period of five years with effect from December 05, 2006 to December 04, 2011, on terms & conditions.
3. Remuneration payable to Mr. C B Pardhanani, Chairman of the Company for each financial year for a period of 5 (five) years with effect from April 01, 2007.
4. Amendment in the Articles of Association of the Company by substituting the following new article numbered as Article No. 102A after existing Article No. 102 to read as follows:
"102 A
Mr. C B Pardhanani and Miss. Sangeeta C Pardhanani shall be Directors of the Company for life and shall not be liable to retire by rotation or by reason of age or otherwise."
(As Per BSE Announcement Website Dated on 26/06/2007) |