| AGM 11.08.2010
Pidilite Industries Ltd has informed BSE that the 41st Annual General Meeting (AGM) of the Company was held on August 11, 2010 , inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2010, the Profit and Loss Account and Cash Flow Statement for the year ended on that date together with Directors Report and Auditors Report thereon.
2. Declaration of total dividend of Rs. 1.50 per equity share of Re. 1 each (including Golden Jubilee Special Dividend of Re. 0.50 per share) for the year ended March 31, 2010 on 50,61,34,612 Equity Shares of Re. 1 each absorbing Rs. 759.20 million.
3. Re-appointment of Shri. A. B. Parekh, Shri Yash Mahajan, Shri R. M. Gandhi & Shri N. J. Jhaveri as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s. Haribhakti & Co., Chartered Accountants, Mumbai as Auditors of the Company to audit the accounts for the financial year 2010-2011 and also to carry out audit of Companys Branches / Depots / C&F Depots from the conclusion of this meeting till the conclusion of the next Annual General Meeting, on such remuneration, terms & conditions.
5. Appointment of Shri. J. L. Shah as a Director of the Company, liable to retire by rotation.
6. Re-appointment of Shri A. N. Parekh as the Whole-Time Director of the Company for a further period of 5 years with effect from July 01, 2010, on remuneration, terms & conditions.
7. Appointment of Shri J. L. Shah as a Whole-Time Director of the Company for a period of 2 years with effect from October 21, 2009, on remuneration, terms and conditions.
(As Per BSE Announcement Dated on 07.09.2010) |
| AGM 04.08.2009
Pidilite Industries Ltd has informed BSE that the members at the 40th Annual General Meeting (AGM) of the Company held on August 04, 2009, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2009, the Profit and Loss Account and Cash Flow Statement for the year ended on that date together with Directors' Report and Auditors' Report thereon.
2. Confirmation of interim dividend on 28,74,805 6% Cumulative Redeemable Preference Shares of Rs 10 each for the period from April 01, 2008 to September 05, 2008 amounting to Rs 0.75 million (already paid).
3. Declaration of dividend @ 175% for the year ended March 31, 2009 on 253.10 million Equity Shares of Re 1 each absorbing Rs 442.9 million (including 3000 Bonus Equity Shares, allotment of which has been kept in abeyance due to dispute in title).
4. Re-appointment of Shri B S Mehta, Shri Ranjan Kapur, Shri B K Parekh & Shri S K Parekh as Directors of the Company, liable to retire by rotation.
5. Re-appointment of M/s Haribhakti & Co., Chartered Accountants, Mumbai as Auditors of the Company to audit the accounts for the financial year 2009-2010 and also to carry out audit of Company's Branches / Depots / C&F Depots from the conclusion of this meeting till the conclusion of the next Annual General Meeting on remuneration, terms and conditions.
6. Appointment of Shri D Bhattacharya, as Director of the Company, liable to retire by rotation.
7. Appointment of Shri Sanket S Parekh, a relative of a Director of the Company to hold office / place of profit as Head - Sales. (or such other designation as may be decided by the Managing Director from time to time) for a period of 5 years from August 04, 2009 on terms & Conditions.
(As Per BSE Announcement Dated on 02/09/2009) |
| AGM 27/08/2008
Pidilite Industries Ltd has informed BSE that the members at the 39th Annual General Meeting (AGM) of the Company held on August 27, 2008, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2008, the Profit and Loss Account and Cash Flow Statement for the year ended on that date together with Directors' Report and Auditors' Report thereon.
2. Declaration of dividend @ 6% p.a. (pro-rata) for 1 day i.e. March 31, 2008 on 6% Cumulative Redeemable Preference Shares of Rs 10 each.
3. Declaration of dividend @ 175% for the year ended March 31, 2008 on 253.10 million Equity Shares of Re 1 each absorbing Rs 443 million (including 6000 Bonus Equity Shares, allotment of which has been kept in abeyance due to dispute in title).
4. Re-appointment of Shri H K Parekh, Shri R M Gandhi, Shri N J Jhaveri & Shri A N Parekh as Directors of the Company, liable to retire by rotation.
5. Re-appointment of M/s Haribhakti & Co., Chartered Accountants, Mumbai as Auditors of the Company to audit the accounts for the financial year 2008-2009 and also to carry out audit of Company's Branches / Depots / C&F Depots from the conclusion of this meeting till the conclusion of the next Annual General Meeting on remuneration, terms and conditions.
6. Appointment of Shri Bharat Puri as Director of the Company, liable to retire by rotation.
7. Re-appointment of Shri M B Parekh (who is also acting as the Managing Director of M/s. Vinyl Chemicals (India) Ltd), as the Managing Director of the company for a further period of 5 years with effect from August 01, 2008 upon the remuneration, terms and conditions.
8. Re-appointment of Shri N K Parekh as the Joint Managing Director of the Company for a further period of 5 years with effect from August 01, 2008 upon the remuneration, terms and conditions.
9. Re-appointment of Shri A B Parekh as the Whole-Time Director of the company for a further period of 5 years with effect from August 01, 2008 upon remuneration, terms and conditions.
10. Re-appointment of Shri V S Vasan as a Whole-Time Director of the Company for a further period of 2 years with effect from December 02, 2008, upon remuneration, terms and conditions.
(As Per BSE Announcement Website dated on 30.09.2008) |
| AGM 29.08.2007
Pidilite Industries Ltd has informed BSE that the members at the 38th Annual General Meeting (AGM) of the Company held on August 29, 2007, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007, the Profit and Loss Account and Cash flow Statement for the year ended on that date together with Directors Report and Auditors Report thereon.
2. Declaration of Dividend @ 150% for the year ended March 31, 2007 on Equity Shares of Re 1/- each.
3. Re-appointment of Shri. B K Parekh, Shri. S K Parekh, Shri. A B Parekh & Shri. Yash Mahajan, as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s. HariBhakti & Co., Chartered Accountants, Mumbai as Auditors of the Company to audit the accounts for the financial year 2007-2008 and also to carry out audit of Company's Branches / Depots / C&F Depots from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration terms & conditions.
5. Appointment of Shri. V S Vasan, as a Director of the Company, liable to retire by rotation.
6. Appointment of Shri. V S Vasan as a Whole Time Director of the Company for a period of 2 years with effect from December 02, 2007, on remuneration, terms & conditions.
7. Authority to the Board for borrowing from time to time all such sums of monies as they may deem requisite for the purpose of the business of the Company notwithstanding that monies to be borrowed together with monies already borrowed by the Company (apart from the temporary loans obtained or to be obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate for the time being of the paid-up capital of the Company and its free reserves, i.e. to say Reserves not set apart for any specific purpose, provided that the total amount of monies so borrowed by the Company shall not exceed Rs 10000 million outstanding at any time.
8. Authority to the Board for creating charge, and / or mortgage and / or hypothecation of all or any of the immovable and movable properties of the Company, wherever situate, both present and future or the whole or substantially the whole of the undertaking or undertakings of the Company in such form and in such manner as the Board of Directors may think fit, for securing any loans and / or advances already obtained or that may be obtained from any financial institutions / banks / insurance companies or person or persons and / or to secure any debentures that may be issued and all, interests, compound / additional interest, commitment charge, costs, charges, expenses and all other monies payable by the Company to the concerned lenders within the overall limits of Rs 10000 million.
9. Appointment of by the Company's wholly-owned subsidiary, Pidilite USA Inc of Ms. Ishita R Amersey as Business Development Manager (UK/Europe), based in UK w.e.f. September 01, 2006, on remuneration, terms & conditions.
10. Authority to the Board to issue, offer and allot, for cash, in the course of public or private offerings, in one or more international market(s), with or without green shoe option, equity shares or any securities including Global Depositary Receipts and / or American Depositary Receipts convertible into equity shares, Foreign Currency Convertible Bonds, Euro-Convertible Bonds, debentures, preference shares whether Cumulative / Redeemable / Convertible at the option of the Company and / or the option of the holders of the security and / or securities linked to equity shares / preference shares and / or any instruments or securities representing convertible securities such as convertible debentures, bonds or warrants convertible into depositary receipts underlying equity shares / preference shares, and / or any instruments or securities with or without detachable warrants, secured or unsecured, or such other types of securities representing either equity shares or convertible Securities ("Securities") to foreign / domestic investors, non-residents, foreign institutional investors / foreign companies / foreign banks, NRIs, foreign nationals, companies, and / or corporate bodies / entities including mutual funds, banks, insurance companies and / or individuals or otherwise whether or not such persons / entities / investors are members of the Company, whether in one or more currency, such issue and allotment to be made at such time or times through prospectus, offering letter, circular, memorandum to the general public and / or through any other mode or on private placement basis as the case may be from lime to time, in one or more tranches, as may be deemed appropriate by the Board on such terms and conditions as the Board may in its absolute discretion deem fit for an amount not exc. US $ 50 Million or its equivalent in any currency, on such terms and conditions including pricing and, conversion or any other matter connected therewith, as the Board may in its sole discretion decide including the form and the persons to whom such securities may be issued, subject to necessary provisions & approvals.
12. Increased in the Authorised Share Capital of the Company from Rs 30,00,00,000 (presently comprising of 27,50,00,000 equity shares of Re 1 each) and 2,50,00,000 Unclassified Shares of Re 1 each] to Rs 46,50,33,999 by transferring an amount in the sum of Rs 16,50,33,999 from the Authorised Share Capital of Vinyl Chemicals Ltd ("VCIL") to the Authorised Share Capital of the Company pursuant to the Scheme of Arrangement for demerger of the Vinyl Acetate Monomer Manufacturing Unit of VCIL into the Company ("Scheme") under Sections 391 and 394 of the Companies Act 1956 and in order to enable the Company to effect allotment of shares of the Company to the shareholders of VCIL, upon the coming into operation of the Scheme and consequent to the aforesaid transfer, the Share Capital of the Company be classified as follows:
(a) 39,00,33,999 equity shares of Re 1 each;
(b) 50,00,000, 6% Cumulative Redeemable Preference Share of Rs 10 each, redeemable by the Company not later than the expiry of a period of 18 months from the date on which such Preference Shares are allotted
(c) 2,50,00,000 Unclassified Shares of Re 1 each.
Resolved Further that such Consequential amendments as may be necessary be made in the Capital Clause of Memorandum and Articles of Association of the company after such increase becomes effective and operative.
(As per BSE Announcement Website dated on 25/09/2007) |