Himatsingka declares dividend for financial year ended March 31
04 Sep '07
2 min read
Himatsingka Seide Ltd has informed that the 22nd Annual General Meeting (AGM) of the members of the Company will be held on September 26, 2007, inter alia, to transact the following:
1. To consider and adopt the Profit and Loss Account of the Company for the Financial Year ended March 31, 2007, the Balance Sheet as at that date, and the Reports of the Directors and Auditors thereon.
2. To declare dividend for the financial year ended March 31, 2007.
3. To elect a Directors in place of Sri. A K Dasgupta & Sri. Rajiv Khaitan, who retires by rotation and, being eligible, offers themselves for re-appointment.
4. To appoint Auditors to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting and to fix their remuneration.
5. To increase in the authorised share capital of the Company from Rs 50,00,00,000/- divided into 10,00,00,000 equity shares of Rs 5/- each to Rs 52,00,00,000/- by creation of additional 40,00,000 Equity Shares of Rs 5/- each & Consequential amendments in Memorandum of Association of the Company.
6. To create, offer, issue and allot, from time to time, in one or more tranches, upto 58,00,000 warrants on a preferential basis to Promoters / Promoter Group of the Company entitling the holder of each warrant to apply for and obtain allotment of one equity share against such warrant (Warrants) in such manner and on such price, terms and conditions as may be determined by the Board in accordance with the SEBI (DIP) Guidelines or other provisions of the law as may be prevailing at the time, provided that the minimum price of the Warrants so issued shall not be less than the price arrived at in accordance with provision Chapter XIII of SEBI (DIP) Guidelines.
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