| Ratnamani Metals & Tubes Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 08, 2007, inter alia, to transact the following business:
1. To amend the Employees Stock Option Scheme-2006 (ESOS-2006) by inserting a new clause numbered as 12 and renumbering the existing clauses 12 to 21 as 13 to 22.
2. To appoint Shri. Shanti M Sanghvi as a Whole-time Director of the Company w.e.f. November 01, 2007 for a period of one year i.e. upto October 31, 2008, on remuneration, terms & conditions.
3. To revise the remuneration to Shri. Prakash M Sanghvi, Managing Director and Shri. Jayanti M Sanghvi, Whole-time Director of the Company with effect from November 01, 2007 for the remaining period of their tenure of office i.e. upto October 31, 2008, on terms & conditions.
4. Shri. Prashant Jayanti Sanghvi, son of Shri. Jayanti M Sanghvi, Whole-time Director of the Company to hold office or place of profit in the Company as Executive (Marketing) with effect from November 01, 2007, on remuneration, terms & conditions.
5. To appoint Shri. Manoj P Sanghvi, son of Shri. Prakash M Sanghvi, Chairman & Managing Director of the Company to hold office or place of profit in the Company, for a period of three years as Executive (Commercial) with effect from January 01, 2008, on remuneration, terms & conditions.
6. To appoint Shri. Prashant J Sanghvi, son of Shri. Jayanti M Sanghvi, Whole-time Director of the Company to hold office or place of profit in the Company, for a period of three years as Executive (Marketing) with effect from January 01, 2008, on remuneration, terms & conditions.
7. To appoint Shri. Nilesh P Sanghvi, son of Shri. Prakash M Sanghvi, Chairman & Managing Director of the Company to hold office or place of profit in the Company, for a period of three years as Executive (Operations) with effect from January 01, 2008, on remuneration, terms & conditions.
Ratnamani Metals & Tubes Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 08, 2007, inter alia, have carried out / passed all the resolutions mentioned in the notice by the shareholders of the Company.
(As per BSE Announcement Website dated on 10.12.2007) |
| EGM 06/05/2006
inter alia, to transact the following:
1. To create, issue / offer and allot, Equity Shares of Rs 10/- each and / or any other Financial Instruments including Debentures, whether fully, partly or non-convertible with or without detachable or non-detachable warrants, (Securities) at par or at such premium, at such time and on such terms and conditions, including price as the Board may determine for an aggregate value not exceeding Rs 1500 million (including premium), subject to necessary provisions & approvals.
2. To grant, issue, offer and allot to the present and future Whole-time and Independent Directors, Officers and permanent employees of the Company, selected on the basis of criteria prescribed by the Board in accordance with the SEBI guidelines hereinafter referred to as the Eligible Employees of the Company, except a promoter or a person who belongs to the promoter group, both these expressions being defined in the SEBI Guidelines and Director who directly or indirectly, holding more than 10% of the issued capital, under a scheme titled "Employees Stock Options and Shares Plan 2006" (Plan), such number of options / Equity
Shares (approval being hereby also given for the issue and allotment of such Equity Shares
arising on such conversion / exercise) as the Board may decide, which could give rise to the
issue of equity shares of the nominal face value not exceeding 5% of the issued capital of the
Company as on the date of this Extra Ordinary General Meeting amounting to Rs 45,00,000/-
divided into 4,50,000 number of equity shares of the face value of Rs 10/- each, subject to
necessary approvals and provisions.
3. Alteration in Article of Association of the Company.
4. To borrow such sum or sums or money for the purpose of the business the Company, notwithstanding that the monies to be so borrowed together with monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company's Bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided however, that the total amount so borrowed by the Board of Directors and outstanding at any one time shall not exceed the sum of Rs 3000 million, subject to necessary approvals and provisions.
Ratnamani Metals & Tubes Ltd has informed BSE that the members at the Extraordinary General Meeting (EGM) of the Company held on May 06, 2006, inter alia, have approved all the four resolutions mentioned in the notice of the EGM.
(As per BSE Bulletin dated on 11/05/2006) |