| 17-Sep-11 |
| Rural Electrification Corporation Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 03, 2011 to September 17, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 42nd Annual General Meeting (AGM) of the Company to be held on September 17, 2011.
The Final Dividend on equity shares, as recommended by the Board of Directors, subject to the provisions of Section 206A of the Companies Act, 1956, if approved by the Members at the aforesaid Annual General Meeting, will be paid on September 28, 2011 to the Members or their mandates whose names appear on the Company's Register of Members on September 17, 2011 in respect of physical shares. In respect of Dematerialised shares, the Dividend will be payable to the 'beneficial owners' of the shares whose name appear in the Statement of Beneficial Ownership furnished by National Securities Depository Limited and Central Depository Services (India) Limited at the close of business hours on September 02, 2011.
Rural Electrification Corporation Ltd has informed BSE that the 42nd Annual General Meeting (AGM) of the members of the Company will be held on September 17, 2011, at 11.00 A.M. at Air Force Auditorium, Subroto Park, Dhula Kuan, New Delhi - 110010, inter alia, to transact the following businesses:
1. To receive, consider, approve and adopt the audited Balance Sheet as the March 31, 2011 and Profit and Loss Account for the Financial year ended on that date along with the Reports of the Board of Directors and Auditors thereon.
2. To note the payment of interim dividend on declare final dividend for the Financial Year 2010-11.
3. To appoint a Director in place of Shri. Devender Singh, who retires by rotation and being eligible, offers himself for re-appointment.
4. To fix the remuneration of Auditors to be appointed by the Comptroller Auditor-General of India in terms of Section 619 read with Section 224 of the Companies Act, 1956.
5. To appoint Shri. Prakash Thakkar, Dr. Devi Singh, Dr. Govinda Marapalli & Shri. Venkataraman Subramanian as Directors of the Company, liable to determination by retirement of Directors by rotation.
6. Approved the amendments / alternations / insertions / deletions in the Articles of Association of the Company as detained in the Explanatory Statement annexed to the Notice of 42nd Annual General Meeting of the Company, subject to necessary provisions and approvals.
(As Per BSE Announcement Website dated on 11.08.2011)
Rural Electrification Corporation Ltd has informed BSE that the members at the 42nd Annual General Meeting (AGM) of the Company held on September 17, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2011 and Profit and Loss Account for the Financial Year ended on that date along with the Reports of the Board of Directors and the Auditors thereon, and the Comments of the Comptroller and Auditor General (C&AG) of India.
2. Declaration of Interim Dividend @ Rs. 3.50/- per Equity Share on the paid up capital of the Company.
Further, declaration of Final Dividend of Rs. 4/- per equity share on the paid up capital of the Company declared out of profits of the Company for the Financial Year 2010-11.
3. Re-appointment of Shri Devender Singh as a Director of the Company, liable to retire by rotation.
4. Appointment of Shri. Prakash Thakkar, Dr. Devi Singh & Dr. Govinda Marapalli Rao & Shri Venkataraman Subramanian as Directors of the Company whose period of office will be liable to determination by retirement of Directors by rotation.
5. On the recommendation of the Audit Committee of the Board of Directors, to fix and approve the remuneration of Statutory Auditors/Joint Statutory Auditors of the Company appointed by the Comptroller and Auditor General (C&AG) of India for the Financial Year 2011-12.
6. Approved the amendments / alterations / insertions / deletions in the Articles of Association of Rural Electrification Corporation Ltd (REC) as detailed in the Explanatory Statement annexed to the Notice of 42nd Annual General Meeting of the Company.
(As Per BSE Announcement Website dated on 19.09.2011)
Rural Electrification Corporation Ltd has informed BSE that the members at the 42nd Annual General Meeting (AGM) of the Company held on September 17, 2011, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2011 and Profit and Loss Account for the Financial Year ended on that date along with the Reports of the Board of Directors and the Auditors thereon.
2. Declaration of Interim Dividend @ Rs. 3.50/- per equity share on the paid up capital of the Company with total pay-out of Rs. 345,61,63,716 including an amount of Rs. 57,216 payable towards rounding off to the nearest rupee, paid by the Company in February, 2011.
3. Re-appointment of Shri Devender Singh as a Director of the Company.
4. Authorized, on the recommendation of the Audit Committee of the Board of Directors, to fix and approve the remuneration of Statutory Auditors/Joint Statutory Auditors of the Company appointed by the Comptroller and Auditor General (C&AG) of India for the Financial Year 2011-12.
5. Appointment of Shri Prakash Thakkar, Dr. Devi Singh, Dr. Govinda Marapalli & Shri Venkataraman Subramanian as Director of the Company, whose period of office shall be liable to determination by retirement of Directors by rotation.
6. The amendments/alterations/insertions/deletions in the Articles of Association of Rural Electrification Corporation Limited (REC).
(As Per BSE Announcement Dated on 30.09.2011) |
| 08-Sep-10 |
| Rural Electrification Corporation Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 26, 2010 to September 08, 2010 (both days inclusive) for the purpose of 41st Annual General Meeting (AGM) of the Company to be held on September 08, 2010.
Rural Electrification Corporation Ltd has informed BSE that the members at the 41st Annual General Meeting (AGM) of the Company held on September 08, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2010 and Profit and Loss Account for the financial year ended on that date along with the Reports of the Board of Directors and the Auditors and the Comments thereon of the Comptroller and Auditor General of India. - Decision : Passed as an Ordinary Resolution with Requisite Majority.
2. Noted the payment of Interim Dividend @ Rs. 3 per share on the paid up capital of the Company, in respect of which a total sum of Rs. 257,59,80,000 has been paid in January, 2010. Declared a Final Dividend of Rs. 3.50 per share on the paid up capital of the Company, amounting to a total pay-out of Rs. 345,61,06,500, out of the profits of the Company for the Financial Year 2009-10. - Decision : Passed as an Ordinary Resolution with Requisite Majority.
3. Re-appointed Shri Venugopal N. Dhoot & Dr. Devi Singh as Directors of the Company whose period of office will be liable to determination by retirement of Directors by rotation. - Decision : Passed as an Ordinary Resolution with Requisite Majority.
4. Authority to the Board of Directors, on the recommendation of the Audit Committee, to fix and approve the remuneration of Statutory Auditors / Joint Statutory Auditors of the Company appointed by the Comptroller and Auditor General of India for the Financial Year 2010-11. - Decision : Passed as an Ordinary Resolution with Requisite Majority.
5. Authority to the Board of Directors of the Company under the provisions of Section 293(1) (d) of the Companies Act, 1956 for increasing the total borrowing limit of the Company from Rs. 75,000 Crore (Rupees Seventy Five Thousand Crore only) to Rs. 100,000 Crore (Rupees One Lakh Crore only) for the purpose of the business of the Company notwithstanding that the moneys to be borrowed, together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business), will exceed the aggregate of the paid-up capital of the Company and its free reserves. - Decision : Passed as an Ordinary Resolution with Requisite Majority.
6. Authority to the Board of Directors of the Company to mortgage and / or create charge on all or any of the immovable and / or movable properties of the Company, both present and future, or the whole or substantially the whole of the undertaking or undertakings of the Company for securing loans upto a total amount of Rs. 100,000 Crore (Rupees One Lakh Crore only) for the purpose of the business of the Company. - Decision : Passed as an Ordinary Resolution with Requisite Majority.
7. Increasing the limit of total holdings of all Foreign Institutional Investors (FIIs) including their sub-accounts, either by subscription, direct purchase or acquisition from the open market under the Portfolio Investment Scheme under FEMA, in the paid up equity share capital of the Company from 24% to 35 %, subject to the condition that the holding of any single FII or each SEBI approved sub-account of a FII or the concerned FII group does not exceed 10% of the paid up capital of the company, subject to necessary provisions and approvals. - Decision : Passed as a Special Resolution with Requisite Majority.
8. Substitution of the existing Articles 82(2) and 82(3) of the Articles of Association of the Company. - Decision : Passed as a Special Resolution with Requisite Majority.
(As Per BSE Announcement Website dated on 08.09.2010)
Rural Electrification Corporation Ltd has submitted to BSE a copy of the Minutes of the proceedings of the 41st Annual General Meeting (AGM) of the COmpany held on September 08, 2010.
(As Per BSE Announcement Dated on 30.09.2010) |
| 19-Sep-09 |
| Rural Electrification Corporation Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 05, 2009 to September 19, 2009 (both days inclusive) for the purpose of 40th Annual General Meeting (AGM) of the Company to be held on September 19, 2009.
Rural Electrification Corporation Ltd has informed BSE that the 40th Annual General Meeting (AGM) of the Company was held on September 19, 2009, inter alia, have accorded to the following:
1. Adoption of the audited balance sheet as at March 31, 2009 and the profit & loss account for the financial year ended on that date, together with the directors report and the auditors report thereon.
2. Declaration of dividend of 25% (i.e. Rs 2.50 per share) on the paid up equity share capital of the Company for the year 2008-09.
3. Re-appointment of Dr. V Govinda Rao & Shri. P R Balasubramanian, as Directors of the Company.
4. Appointment of Shri Guljit Kapur as Director of the Company w.e.f. December 01, 2008, whose period of office shall be liable to determination by retirement of Directors by rotation.
5. Authority to the Board of Directors of the Company under the provisions of Section 293(1) (d) of the Companies Act, 1956 for increasing the total borrowing limit of the Company from Rs 60,000 Crore (Rupees Sixty Thousand Crore only) to Rs 75,000 Crore (Rupees Seventy Five Thousand Crore only) for the purpose of the business of the Company notwithstanding that the moneys to be borrowed, together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in the ordinary course of business), will exceed the aggregate of the paid-up capital of the Company and its free reserves.
6. Authority to the Board of Directors of the Company to mortgage and / or create charge on all or any of the immovable and / or movable properties of the Company, both present and future, or the whole or substantially the whole of the undertaking or undertakings of the Company for securing loans upto a total amount of Rs 75,000 Crore (Rupees Seventy Five Thousand Crore only) for the purpose of the business of the Company.
7. Substitution of the existing Article 84 (2) of the Articles of Association of the Company with the revised Article.
(As Per BSE Announcement Website dated on 24.09.2009)
Rural Electrification Corporation Ltd has submitted to BSE a copy of the Minutes of the proceedings of the Annual General Meeting (AGM) of the COmpany held on September 19, 2009.
(As Per BSE Announcement Website dated on 12.10.2009) |
| 24-Sep-08 |
| AGM 24/09/2008
Rural Electrification Corporation Ltd has informed BSE that the 39th Annual General Meeting (AGM) of the Company was held on September 24, 2008, inter alia, have accorded to the following:
1. Adoption of the audited balance sheet as at March 31, 2008 and the profit & loss account for the financial year ended on that date, together with the directors report and the auditors report thereon.
2. Declaration of dividend of 30% (Thirty Percent) on the paid up equity share capital of the Company for the year 2007-08.
3. Re-appointment of Shri. Bal Mukand & Shri. Devender Singh, as Directors of the Company.
4. Authority to the Board for increasing the total borrowing limit of the Company from Rs 45,00 Crore (Rupees Forty Five Thousand Crore only) to Rs 60,000 Crore (Rupees Sixty Thousand Crore only) for the purpose of the business of the Company notwithstanding that the moneys to be borrowed, together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business), will exceed the aggregate of the paid up capital of the Company and its-free reserves, subject to necessary provisions & approvals.
5. Authority to the Board to mortgage and / or create charge on all or any of the immovable and / or movable properties of the Company both present and future, or the whole or substantially the Whole of the undertaking or undertakings of the Company for securing loans upto a total amount of Rs 60,000 Crore (Rupees Sixty Thousand Crore only) for the purpose of the business of the Company, subject to necessary provisions & approvals.
6. Alteration in the existing Objects clause of Memorandum of Association of the Company by inserting the following new sub-clause (10) after sub-clause (9) thereof under the Main Objects Clause III (a) of the Memorandum of Association:-
(10) To finance and to provide assistance for those activities having forward and/or backward linkage with power projects, (including but not limited to) such as development, of coal and other mining activities for use as fuel in power projects, development of other fuel supply arrangements for the power sector, and to meet
other enabling infrastructure facilities that may be required for the speedy and effective
development of power sector.
(As Per BSE Announcement Dated on 30/09/2008)
Rural Electrification Corporation Ltd has informed BSE regarding the minutes of the 39th Annual General Meeting (AGM) of the Company held on September 24, 2008.
(As Per BSE Announcement Website dated on 10.10.2008) |