| 08-Aug-11 |
| Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2011, have recommended a Dividend of Rs. 10.50 (210%) per Ordinary (Equity) Share and also a Special Dividend of Re.1 (20%) per Ordinary (Equity) Share aggregating Rs. 11.50 (230%) per Ordinary (Equity) Share of the face value of Rs. 5 each. The Special Dividend is being recommended in view of the Profit made by the Company on the sale of its entire holdings of Owens Coming (India) Ltd.
The 65th Annual General Meeting ('AGM') of the Company will be held on August 08, 2011 at 3.30 p.m.
Mahindra & Mahindra Ltd has informed BSE that the members at the 65th Annual General Meeting (AGM) of the Company held on August 08, 2011, inter alia, have approved the following:
1. Adoption of the Audited Accounts for the year ended March 31, 2011 together with the Reports of the Auditors and Directors thereon.
2. Declaration of Dividend of Rs. 10.50 per Ordinary (Equity) Share and a Special Dividend of Re. 1 per Ordinary (Equity) Share aggregating Rs. 11.50 per Ordinary (Equity) Share of the face value of Rs. 5 each.
3. Re-appointment of Mr. Anand G. Mahindra, Mr. Bharat Doshi, Mr. Nadir B. Godrej and Mr. M. M. Murugappan as Directors of the Company.
4. Re-appointment of Messrs Deloitte Haskins & Sells, Chartered Accountants as the Statutory Auditors of the Company.
5. Special Resolution for the revision in the scale of salary payable to Mr Anand G. Mahindra as the Managing Director of the Company designated as Vice Chairman & Managing Director and revision in the scale of salary and basic salary payable to Mr. Bharat Doshi as the Executive Director designated as Executive Director and Group Chief Financial Officer with effect from August 01, 2010.
(As Per BSE Announcement Dated on 08.08.2011)
Mahindra & Mahindra Ltd has informed BSE that the members at the 65th Annual General Meeting (AGM) of the Company held on August 08, 2011, inter alia, have passed the following:
1. Adoption of the Balance Sheet as at March 31, 2011, and the Profit and Loss Account for the year ended March 31, 2011, together with the Reports of the Auditors' and Directors' as laid before the Meeting be received and adopted.
2. Declaration of Dividend of Rs. 10.50 per Ordinary (Equity) Share and a Special Dividend of Re. 1 per Ordinary (Equity) Share aggregating Rs. 11.50 per Ordinary (Equity) Share of the face value of Rs. 5 each be declared on Ordinary (Equity) Shares of the Company as follows for the year ended March 31, 2011:
3. Reappointment of Mr. Anand G. Mahindra as a Director of the Company
4. Reappointment of Mr. Bharat Doshi as a Director of the Company.
5. Reappointment of Mr. Nadir B. Godrej as a Director of the Company.
6. Reappointment of Mr. M. M. Murugappan as a Director of the Company.
7. Reappointment of Messrs Deloitte Haskins & Sells, Chartered Accountants the retiring Auditors of the Company, as Auditors of the Company to hold 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.
8. Revision in the scale of salary payable to Mr. Anand G. Mahindra as the Managing Director of the Company designated as Vice-Chairman & Managing Director and revision in the scale of salary and basic salary payable to Mr. Bharat Doshi as the Executive Director designated as Executive Director and Group Chief Financial Officer (hereinafter collectively referred to as 'the Directors') with effect from August 01, 2010 for the remainder of the respective terms & conditions of Office of the Directors, subject to necessary provisions and approvals.
(As Per BSE Announcement Website dated on 17.08.2011) |
| 28-Jul-10 |
| Board has approved the following, subject to the approval of Shareholders at the AGM :
(a). Introduction of a new Mahindra & Mahindra Ltd Employees Stock Option Scheme - 2010 in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 which will facilitate grant of Options in the form of Stock Options and/or Restricted Stock Units and/or other instruments to the eligible employees of the Company exercisable into Equity Shares at a price equal to or not less than the face value of the Equity Shares of the Company.
(b). Consider payment of commission upto 1% per annum of the net profits to the Non-whole time Directors of the Company for a further period of 5 years.
Further the Company has informed that the 64th Annual General meeting ('AGM') of the company will be held on July 28, 2010.
Mahindra & Mahindra Ltd has informed BSE that the members at the 64th Annual General Meeting (AGM) of the Company held on July 28, 2010, inter alia, has approved the following:
1. Adoption of the Audited Accounts for the year ended March 31, 2010 together with the Reports of the Auditors and Directors thereon.
2. Declaration of Dividend of Rs. 8.75 per Ordinary (Equity) Share and a Special Dividend of Rs. 0.75 per Ordinary (Equity) Share aggregating Rs. 9.50 per Ordinary (Equity) Share.
3. Re-appointment of Mr. Keshub Mahindra, Mr. Anupam Puri, Dr. A S Ganguly and Mr. R K Kulkarni as Directors of the Company.
4. Re-appointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants as the Statutory Auditors of the Company.
5. Appointment of Mr. A K Nanda as a Director of the Company.
6. Special Resolution for payment of Commission upto 1% of the net profits of the Company to the Non-Executive Directors of the Company.
7. Special Resolution to introduce and implement the Mahindra & Mahindra Ltd Employees Stock Option Scheme - 2010 and authorising the Board to offer, issue and allot equity shares and/or equity linked instruments including Options Warrants/Restricted Stock Units not exceeding 3% of the issued Equity Share Capital of the Company as on March 31, 2010.
8. Special Resolution to extend the benefits of the Mahindra & Mahindra Ltd Employees Stock Option Scheme - 2010 to Employees / Directors of subsidiary company(ies).
(As Per BSE Announcement Website dated on 28.07.2010)
Mahindra & Mahindra Ltd has informed BSE that the members at the 64th Annual General Meeting (AGM) of the Company held on July 28, 2010, inter alia, have also accorded to the following:
1. To pay the remuneration by way of commission up to one per cent of the net profits of the Company, computed in the manner referred to in sections 198, 309, and all other applicable provisions of the Companies Act, 1956, to the Directors who are neither in the whole-time employment of the Company nor the Managing Director, Executive Director(s) and such of the remainder as may not desire to participate, shall, for a period of five years with effect from November 01, 2010, subject to necessary provisions and approvals.
2. Authority to the Board to create, offer, issue and allot at any time to or for the benefit of such person(s) who are in the permanent employment of the Company whether working in India or out of India and Directors of the Company whether Whole-time Directors or not (hereinafter referred to as 'Employee' or 'Employees'), under the Scheme, such number of equity shares and/or equity linked instruments [including Options/ Warrants/ Restricted Stock Units ('Options')], equity shares issued through American Depository Receipts ('ADRs') and/or Global Depository Receipts ('GDRs') and/or any other instruments or Securities of the Company which could give rise to the issue of equity shares ('the Securities') not exceeding 3% of the issued Equity Share Capital of the Company as on March 31, 2010 i.e. not exceeding 1,73,53,034 equity shares of Rs. 5 each (or such other adjusted figure for any bonus, stock splits or consolidations Or other re-organisation of the capital structure of the Company as may be applicable from time to time), in one or more tranches, at such price and on such terms and conditions as may be fixed or determined by the Board in accordance with the Scheme, the Guidelines and other provisions of the law as may be prevailing at that time, subject to necessary provisions & approvals.
3. Authority to the Board to extend the benefits of Mahindra & Mahindra Limited Employees Stock Option Scheme - 2010 ('the Scheme') proposed in Resolution in this Notice to the Employees whether working in India or out of India and Directors whether Whole-tune Directors or not of subsidiary company(ies), on such terms and conditions as may be decided by the Board, subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 31.07.2010) |
| 30-Jul-09 |
| Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2009, inter alia, the 63rd Annual General Meeting of the Company will be held on July 30, 2009.
Mahindra & Mahindra Ltd has informed BSE that the shareholders at the 63rd Annual General Meeting (AGM) of the Company held on July 30, 2009,inter alia, has approved the following:
1. Adoption of the Audited Accounts for the year ended March 31, 2009 together with the Reports of the Auditors and Directors thereon.
2. Declaration of Dividend of Rs 10 per Ordinary (Equity) Share of the face value of Rs 10 each.
3. Re-appointment of Mr. Deepak S Parekh, Mr. Bharat Doshi and Mr. Narayanan Vaghul as Directors of the Company.
4. Re-appointment of Messrs Deloitte Haskins & Sells, Chartered Accountants as the Statutory Auditors of the Company.
5. Appointment of Mr. Arun Kanti Dasgupta as a Director in the casual vacancy caused by the resignation of Mr. Thomas Mathew T.
6. Special Resolution for keeping of the Company's Registers and Index of Members and Debenture / Bond holders, Annual Returns, etc. at the office premises of the Company's Registrar & Share Transfer Agents viz. Sharepro Services (India) Pvt Ltd and / or at such other place(s) within the city of Mumbai where the Share Transfer Agents may shift its office from time to lime and / or at the Registered office of the Company and / or at the Company's Corporate office.
(As Per BSE Announcement Dated on 31/07/2009) |
| 30-Jul-08 |
| The 62nd Annual General Meeting of the Company will be held on July 30, 2008.
Mahindra & Mahindra Ltd has informed BSE that the shareholders at the 62nd Annual General Meeting (AGM) of the Company held on July 30, 2008,inter alia, has approved the following:
1. Adoption of the Audited Accounts for the year ended March 31, 2008 together with the Reports of the Auditors and Directors thereon.
2. Declaration of Dividend of 115% i.e. Rs 11.50 per Ordinary (Equity) Share of the face value of Rs 10 each.
3. Re-appointment of Mr. Anand C Mahindra, Mr. A K Nanda, Mr. Nadir B Godrej and Mr. M M Murugappan as Directors of the Company.
4. Re-appointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants as the Statutory Auditors of the Company.
(As per BSE Announcement Website dated on 30/07/2008)
Mahindra & Mahindra Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on July 30, 2008.
(As per BSE Announcement Website dated on 11/08/2008) |
| 30-Jul-07 |
| The 61st Annual General Meeting of the Company will be held on July 30, 2007.
The Board of Directors of the Company in the same meeting, inter alia, has also subject to the approval of the shareholders approved of the following:
1. Re-appointment of Mr. Bharat Doshi and Mr. A K Nanda as the Executive Directors of the Company for a period of 5 years with effect from August 28, 2007.
2. Increase in the Authorised Share Capital of the Company from Rs 300 crores to Rs 400 crores and consequential amendments in the Memorandum and Articles of Association of the Company.
3. Making investments, granting loans, providing guarantees / securities in excess of the limits prescribed under section 372A of the Companies Act, 1956 upto an amount aggregating Rs 2000 crores.
The Company would be seeking the consent of the shareholders for the aforesaid by a Postal Ballot in accordance with section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 and the Board has fixed June 08, 2007 as the cut off date for ascertaining the list of shareholders to whom Notice and Postal Ballot Form will be sent and also for reckoning the voting rights.
The results of the Postal Ballot will be declared on or before July 20, 2007.
4. Amendment to the Mahindra & Mahindra Ltd Employees Stock Option Scheme (the Scheme) so as to provide for recovery of the Fringe Benefit Tax from the Employees in respect of any grant, vesting or exercise of Stock Options under the Scheme on or after April 01, 2007.
5. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants as Statutory Auditors of the Company in place of M/s. A F Ferguson & Co., Chartered Accountants, the retiring Auditors for the Financial Year 2007-08 to hold office from the conclusion of the ensuing Annual General Meeting until the conclusion of the next Annual General Meeting.
Mahindra & Mahindra Ltd has informed BSE that the shareholders at the 61st Annual General Meeting (AGM) of the Company held on July 30, 2007, inter alia, have approved the following:
1. Adoption of the Audited Accounts for the year ended March 31, 2007 together with the Reports of the Auditors and Directors thereon.
2. Noting of Interim Dividend paid at the rate of 75% i.e. Rs.7.50 per Ordinary Share of the face value of Rs 10 each.
3. Declaration of Final Dividend of 25% and a Special Dividend of 15% aggregating 40% i.e. Rs 4.00 per Ordinary Share of the face value of Rs 10 each.
4. Re-appointment of Mr. Keshub Mahindra, Mr. Anupam Puri, Dr. A S Ganguly and Mr. R K Kulkarni as Directors of the Company.
5. Appointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants as the Statutory Auditors of the Company in place of the retiring Auditors Messrs. A F Ferguson & Co., Chartered Accountants.
6. Re-appointment of Mr. Anand G Mahindra as the Managing Director of the Company and Mr. Bharat Doshi and Mr. A K Nanda as the Executive Directors of the Company for a period of five years.
7. Increase in the Authorised Share Capital of the Company from Rs 300 crores to Rs 400 crores and consequential alteration of Clause 5 in the Memorandum of Association of the Company and Article 3 in the Articles of Association of the Company.
8. Amendment to the Mahindra & Mahindra Ltd Employees Stock Option Scheme so as to provide for recovery of the fringe benefit tax from the Employees in respect of any grant, vesting or exercise of Stock Options under the above Scheme on or after April 01, 2007.
(As Per BSE Announcement Website Dated on 30/07/2007)
Mahindra & Mahindra Ltd (M&M) has informed BSE that the members at the 61st Annual General Meeting (AGM) of the Company held on July 30, 2007, inter alia, have also accorded to the following:
1. Re-appointment of each of the following as Executive Director ("Executive Directors"), for a period indicated against their respective name, on remuneration, terms & conditions.
a. Bharti Doshi (August 28, 2007 to August 27, 2012)
b. Mr. A K Nanda (August 28, 2007 to August 27, 2012)
2. Increase the Authorised Share Capital of the Company from Rs 300,00,00,000 divided into 27,50,00,000 Ordinary (Equity) Shares of Rs 10 each and 25,00,000 Unclassified Shares of Rs 100 each to Rs 400,00,00,000 divided into 37,50,00,000 Ordinary (Equity) Shares of Rs 10 each and 25,00,000 Unclassified Shares of Rs 100 each by the creation of additional 10,00,00,000 Ordinary (Equity) Shares of Rs 10 each & consequential amendments in the Memorandum & Articles of Association of the Company.
(As Per BSE Announcement Website Dated on 22/08/2007) |