Riga Sugar Company Ltd has informed that the members at the 27th Annual General Meeting (AGM) of the Company held on February 19, 2008, inter alia, have accorded the following:
1. Adoption of the Audited Accounts of the Company for the year ended September 30, 2007 together with the Directors and Auditors Reports attached thereto.
2. Re-appointment of Mr. J J Bhagat & Mr. Rahul Pasari, as Directors of the Company.
3. Re-appointment of M/s. K N Gutgutia & Co., Chartered Accountants, Kolkata, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Authority to the Board for mortgaging and / or charging by the Board of Directors of the Company, of all the immovable and movable properties of the Company wheresoever situated, present and future, and the whole of undertaking of the Company and / or conferring power to enter upon and to take possession of the assets of the Company in certain events, to in favour of Bank of India by way of First pari-passu mortgage / charge to secure their Term Loan aggregating Rs 1125 lacs (Rupees one thousand one hundred twenty five lac only) lent and advanced by Bank of India together with interest thereon at the respective rates, compound interest, additional interest, liquidated damages, commitment charges, premia on prepayment, costs, charges, expenses and other monies payable by the Company in respect of the said Term Loan from Bank of India and in favour of Union Bank of India by way of First pari-passu charge on fixed assets to secure their Term Loan aggregating to Rs 375 lac (Rupees three hundred seventy five lac only) lent and advanced by Union Bank of India together with interest thereon at the respective rates, compound interest, additional interest
1. Adoption of the Audited Accounts of the Company for the year ended September 30, 2007 together with the Directors and Auditors Reports attached thereto.
2. Re-appointment of Mr. J J Bhagat & Mr. Rahul Pasari, as Directors of the Company.
3. Re-appointment of M/s. K N Gutgutia & Co., Chartered Accountants, Kolkata, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Authority to the Board for mortgaging and / or charging by the Board of Directors of the Company, of all the immovable and movable properties of the Company wheresoever situated, present and future, and the whole of undertaking of the Company and / or conferring power to enter upon and to take possession of the assets of the Company in certain events, to in favour of Bank of India by way of First pari-passu mortgage / charge to secure their Term Loan aggregating Rs 1125 lacs (Rupees one thousand one hundred twenty five lac only) lent and advanced by Bank of India together with interest thereon at the respective rates, compound interest, additional interest, liquidated damages, commitment charges, premia on prepayment, costs, charges, expenses and other monies payable by the Company in respect of the said Term Loan from Bank of India and in favour of Union Bank of India by way of First pari-passu charge on fixed assets to secure their Term Loan aggregating to Rs 375 lac (Rupees three hundred seventy five lac only) lent and advanced by Union Bank of India together with interest thereon at the respective rates, compound interest, additional interest
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