| Manappuram General Finance & Leasing Ltd has informed BSE that the 18th Annual General Meeting (AGM) of the members of the Company will be held on July 20, 2010, inter alia, to transact the following business:
1. To receive, consider and adopt the audited profit and loss account for the financial year ended March 31, 2010 and the Balance Sheet as at that date, the report of the Board of Directors and the Report of Auditors.
2. To declare dividend for the year ended March 31, 2010.
3. To appoint a director in the place of Adv. V. R. Ramachandran, Mr. Gautam Saingal & Mr. Shailesh J. Mehta, who retires by rotation and being eligible, offers themselves for
re-appointment.
4. To appoint M/s. S. R. Batliboi & Associates, Chartered Accountants, Chennai as the auditors of the Company to hold office up to the conclusion of the next Annual General Meeting. on remuneration, terms & conditions.
5. To increase the borrowing powers of the Company:
- To borrow from time to time all such sums of monies as may deem requisite or proper for the purpose of the business of the Company, apart from the temporary loans obtained from the Companys bankers in the ordinary course of business, exceeding the paid up share capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount up to which monies may be borrowed by the Board of Directors shall not exceed the sum of Rs. 10000 Crores. (Rupees Ten Thousand crores only) at any fine, subject to necessary provisions & approvals.
6. To appoint Mr. B. N. Raveendra Babu as a Director of the Company, liable to retirement by rotation.
7. To appoint Mr. B. N. Raveendra Babu as the Joint Managing Director of the Company with effect from January 01, 2010 for a period of 5 years, on remunerations, terms & conditions.
8. To appoint Mr. K. P. Balaraj & Mr. T. V. Antony as Directors of the Company, liable to retirement of directors by rotation.
9. To the variation of the terms of appointment of Mr. V. P. Nandakumar, Executive Chairman of the Company with effect from April 01, 2010, for the unexpired period of his current tenure of office, on remuneration, terms & conditions.
10. To the variation of the terms of appointment of Mr. I. Unnikrishnan, Managing Director of the Company with effect from April 01, 2010, for the unexpired period of his current tenure of office, on remuneration, terms & conditions.
11. To the variation of the terms of appointment of Mr. B. N. Raveendra Babu, Joint Managing Director of the Company with effect from April 01, 2010, for the unexpired period of his current tenure of office, on remuneration, terms & conditions. |
| Manappuram General Finance & Leasing Ltd has informed BSE that a Annual General Meeting (AGM) of the members of the Company will be held on September 25, 2008, to transact the following:
1. To receive, consider and adopt the audited profit and loss account for the financial year ended , March 2008 and the Balance Sheet as at that date, the, report of the Board of Directors and the Report of Auditors.
2. To declare dividend for the year ended March 31, 2008.
3. To consider the retirement of Smt. Jyothy Prasannan, Dr. K K Mohandas, Director & Mr. Juguna G. Panikkaparambil, who retires by rotation, and being eligible offers themself for re-appointment.
4. To re-appoint M/s S R Batliboi & Associates, Chartered Accountants, Chennai- 600 018 as the auditors of the company to hold office upto the conclusion of the next Annual General Meeting on remuneration, terms & conditions.
5. To appoint Shri Ashvin Chadha as Director of the Company, liable to retired by rotation.
6. To appoint Mr. Sooraj Nandan, Son of Mr. V P Nandakumar, Chairman & Managing Director as Vice President of the Company with effect from April 15, 2008, subject to necessary provision & conditions.
7. Payment of commission to such of the non executive director of the company, over and above the sitting fee for attending the meetings of the Board and other committees, at a rate not exceeding 1% of the net profit of the Company as the board may decided from time to time, subject to necessary provision & conditions.
8. To borrow from time to time all such sums of monies as may deem requisite or proper for the purpose of the business of the Company, apart from the temporary loans obtained from the Company's bankers in the ordinary course of business, exceeding the paid up share capital of the company and its free reserves, that is to say, reserves not set apart form any specific purpose, provided that the total amount up to which monies may be borrowed by the Board of Directors shall not exceed the sum of Rs 3000 crore (Rupees Three Thousands crore only at any time, subject to necessary provision & conditions.
9. To raising the ceiling of 24% of the total paid up Equity capital of the company on investments in securities by Foreign institutional Investors (FIIs) to 49% of the paid up Equity share capital of the Company, subject to necessary provision & conditions.
10. To reclassify the Authorised Capital of the Company from the present Rs 80,00,00,000/- (Rupees eight crores) dividend into 2,80,00,000 (Two crore eight lakh) equity shares of Rs 10/- (Rupees ten) each and 48,00,000 (forty eight lakh) Compulsorily Convertible Preferential Shares of Rs 100/- (Rupees one hundred) each and 4,00,000 (Four lakh) redeemable preference shares of Rs 100/- (Rupees one hundred) each to Rs 80,00,00,000 (Rupees eighty crore) dividend into 2,60,00,000 (two crore sixty lakh) equity shares of Rs 10 each and 50,00,000 (fifty lakh) Compulsorily Convertible Preference Shares of Rs 100/- (Rupees one hundred) each and 4,00,000 (Four lakh) Redeemable preference shares of Rs 100/- (Rupees one hundred) each, subject to necessary provision & conditions.
11. Amendment in Articles of Association by substituting the existing Article 3 with the following Article:
"(3) The authorized share capital of the company is Rs 80,00,00,000/- (Rupees eighty crores) dividend into 2,60,00,000 (Two crore sixty lakh) equity shares of Rs 10/- (Rupees ten) each and 50,00,000 (Fifty lakh) Compulsorily Convertible Preference Shares of Rs 100/- (Rupees one hundred) each and 4,00,000 (Four lakh) redeemable preference shares of Rs 100/- (Rupees one hundred) each. The company has power from time to time to increase or reduce its capital and to divided the shares in the original or increased capital for the time being into several classes and to attached thereto respectively such preferential, special, deferred or qualified rights, privileges or conditions as regards to dividends, distribution of assets, repayment or reduction of capital voting or otherwise or sub divide them and generally on such terms as the company from time to time determine and to vary the articles of association of the company for as necessary to give effect to the same subject to the provisions of law, subject to necessary provision & conditions.
12. To issue and allot up to maximum of 49,52,500 (Fourty Nine Lakhs Fifty two Thousand Five Hundred only) Compulsorily Convertible Preference Shares of Rs 100/- each in one or more tranches for cash on preferential basis to the following allottees as per list enclosed and / or affiliates, which would be convertible into a maximum of 29,72,246 equity shares at a minimum price of Rs 166.62 per equity share (including premium of Rs 156.62/- per share), which price is in excess of the price specified as per SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue, where such conversion will take place on or before September 30, 2009, and that the Board be and is hereby authorized to finalize all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, subject to necessary provision & conditions.
Name of the Allottee - Hudson Equity Holdings Ltd
Maximum Amount to be Invested - 11,46,25,000
Maximum No of Compulsorily Convertible Preference Shares to be allotted - Up to 11,46,250 Compulsorily Convertible Preference Shares of Rs 100/- each
Maximum no: of Equity Shares to be allotted upon conversion of the Compulsorily Convertible Preference Shares - Upto 6,87,923 Equity Shares of Rs 10/- each
Name of the Allottee - Sequioa Capital India Growth
Maximum Amount to be Invested - 11,46,25,000
Maximum No of Compulsorily Convertible Preference Shares to be allotted - Up to 11,46,250 Compulsorily Convertible Preference Shares of Rs 100/- each
Maximum no: of Equity Shares to be allotted upon conversion of the Compulsorily Convertible Preference Shares - Upto 6,87,923 Equity Shares of Rs 10/- each
Name of the Allottee - AA Development Capital India Fund I LLC
Maximum Amount to be Invested - 22,40,00,000
Maximum No of Compulsorily Convertible Preference Shares to be allotted - Up to 22,40,000 Compulsorily Convertible Preference Shares of Rs 100/- each
Maximum no: of Equity Shares to be allotted upon conversion of the Compulsorily Convertible Preference Shares - Upto 13,44,337 Equity Shares of Rs 10/- each
Name of the Allottee - GHIOF Mauritius
Maximum Amount to be Invested - 4,20,00,000
Maximum No of Compulsorily Convertible Preference Shares to be allotted - Up to 4,20,000 Compulsorily Convertible Preference Shares of Rs 100/- each
Maximum no: of Equity Shares to be allotted upon conversion of the Compulsorily Convertible Preference Shares - Upto 2,52,063 Equity Shares of Rs 10/- each
14. To create, offer, issue and allot up to a maximum of 15,64,892 NOs warrants consideration aggregating to Rs 26,07,50,000 convertible into a maximum 15,64,892 equity shares of face value of Rs 10/- each at a minimum price of Rs 166.62 per equity shares of the Company (including premium of Rs 156.62 per share), to Mr. Vazhappully Padmanabhan Nandakumar jointly with Smt. Sushama Nandakumar on preferential allotment basis, at such time or times in one or more tranches and such manner as may be decided by the Board, subject to necessary provision & conditions.
Manappuram General Finance & Leasing Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 25, 2008, inter alia, have approved the following decisions:
1. To issue 11,46,250 Compulsorily Convertible Preference Shares (CCPS) to M/s. Hudson Equity Holding Ltd.
2. To issue 11,46,250 CCPS to Sequio Capital India Growth Investments I.
3. To issue 22,40,000 CCPS to AA Development Capital India Fund I LLC.
4. To issue 4,20,000 CCPS to GHIOF Mauritius.
5. To issue 15,64,892 No. Warrants to Mr. Vazhapully Padmanabhan Nandakumar Jointly with Sushama Nandakumar for an aggregate consideration of Rs 26,07,50,000. The members also approved the consequential amendment to MOA/AOA on account of the above.
(As per BSE Bulletin dated on 03/10/2008) |