Kosian Industries Ltd has informed that the Board of Directors of the Company at its meeting held on April 29, 2008, inter alia, has transacted the following :
1. Has taken on record the results of the postal ballot whereby the members of the Company have approved and passed the following Resolutions, with requisite majority :
a. Amendment to sub clause A of Clause III of the Memorandum of Association of the Company, for insertion of object relating to pharmaceutical business.
b. Amendment to sub clause C (Other Objects) of Clause III of the Memorandum of Association of the Company (Item No 65)
c. Amendment to sub clause C (Other Objects) of Clause III of the Memorandum of Association of the Company - Introduction of Item No 66A, for insertion of object relating to mining business
d. Amendment to sub clause C (Other Objects) of Clause III of the Memorandum of Association of the Company - Introduction of Item No 66B for insertion of object relating to real estate related business
e. Carrying on of the business under item no 64, 65, 66A & 66B in the Other Objects clause of the Memorandum of Association under Section 149(2A)
f. Increase in Authorized Capital and alteration of Memorandum of Association from 6 crores to 30 crores
g. Alteration of article relating to Capital of the Articles of Association.
h. Increase in Borrowing Limits upto Rs 2000 crores
i. Creation of Charge on the assets of the Company
j. Change in control under Regulation 12 of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 from the current promoters Mr. O P Agrawal, Mrs. Hemani Agrawal & other persons in the promoter group to Mr. Interjeet Arya & Mr. Kishore Arya & classifying Mr. Inderject Arya & Mr. Kishore Arya as the promoter directors of the Company.
2. Appointment of Major S P S Rathod as Director of the Company.
3. Resignation received from Mr. O P Agrawal from directorship of the Company has been accepted
4. Resignation received from Mrs. Hemani Agrawal from directorship of the Company has been accepted.
5. Resignation received from Mrs. Nayana Savla from directorship of the Company has been accepted.
6. Resignation received from Mr. P N Vijay from directorship of the Company has been accepted.
7. The Shareholders Committee, Audit Committee and the Remuneration Committee reconstituted accordingly.
1. Has taken on record the results of the postal ballot whereby the members of the Company have approved and passed the following Resolutions, with requisite majority :
a. Amendment to sub clause A of Clause III of the Memorandum of Association of the Company, for insertion of object relating to pharmaceutical business.
b. Amendment to sub clause C (Other Objects) of Clause III of the Memorandum of Association of the Company (Item No 65)
c. Amendment to sub clause C (Other Objects) of Clause III of the Memorandum of Association of the Company - Introduction of Item No 66A, for insertion of object relating to mining business
d. Amendment to sub clause C (Other Objects) of Clause III of the Memorandum of Association of the Company - Introduction of Item No 66B for insertion of object relating to real estate related business
e. Carrying on of the business under item no 64, 65, 66A & 66B in the Other Objects clause of the Memorandum of Association under Section 149(2A)
f. Increase in Authorized Capital and alteration of Memorandum of Association from 6 crores to 30 crores
g. Alteration of article relating to Capital of the Articles of Association.
h. Increase in Borrowing Limits upto Rs 2000 crores
i. Creation of Charge on the assets of the Company
j. Change in control under Regulation 12 of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 from the current promoters Mr. O P Agrawal, Mrs. Hemani Agrawal & other persons in the promoter group to Mr. Interjeet Arya & Mr. Kishore Arya & classifying Mr. Inderject Arya & Mr. Kishore Arya as the promoter directors of the Company.
2. Appointment of Major S P S Rathod as Director of the Company.
3. Resignation received from Mr. O P Agrawal from directorship of the Company has been accepted
4. Resignation received from Mrs. Hemani Agrawal from directorship of the Company has been accepted.
5. Resignation received from Mrs. Nayana Savla from directorship of the Company has been accepted.
6. Resignation received from Mr. P N Vijay from directorship of the Company has been accepted.
7. The Shareholders Committee, Audit Committee and the Remuneration Committee reconstituted accordingly.
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