Supreme Petrochem Ltd has informed that the members at the 19th Annual General Meeting (AGM) of the Company held on October 17, 2008, inter alia, have accorded the following:
1. Adoption of the audited Balance Sheet of the Company for the year ended June 30, 2008 and the Profit & Loss for the year ended on that date together with the Directors and the Auditors Report thereon.
2. Declaration of dividend of 10% on Equity Shares of the company for the year 2007-2008.
3. Re-appointment of Shri. Rajan B Raheja, Shri. B L Taparia & Shri. Nihalchand Chauhan as Directors of the Company.
4. Re-appointment of M/s. Parikh & Shah, Chartered Accountants Mumbai, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Authority to the Board to the creation by the Board of Directors of the Company of such mortgages, charges and hypothecations in addition to the existing mortgages, charges and hypothecations created by the Company as may be necessary on such of the assets of the Company both present and future, in such manner as the Board may direct, in favour of the financial institutions, banks, mutual funds, overseas banks and other bodies corporate (Lending Agencies) to secure rupee term loans / foreign currency loans and other instrument of an equivalent aggregate amount not exceeding Rs 120.00 crores (Rupees one hundred and twenty crores only) together with the interest thereon at the agreed rates, further interest, liquidated damages, premium on pie-payment or on redemption, costs, charges, expenses and all other moneys payable by the Company to the Lending Agencies under the respective Agreement / Loan Agreement to be entered into by the Company in respect of the said borrowings, subject to necessary provisions & approvals.
6. Authority to the Board to appoint as Branch Auditors of any Branch Office of the Company whether existing or which may be opened hereafter in India or abroad in consultation with the Companys Auditors, any person qualified to act as Branch Auditor, on remuneration, terms & conditions.
1. Adoption of the audited Balance Sheet of the Company for the year ended June 30, 2008 and the Profit & Loss for the year ended on that date together with the Directors and the Auditors Report thereon.
2. Declaration of dividend of 10% on Equity Shares of the company for the year 2007-2008.
3. Re-appointment of Shri. Rajan B Raheja, Shri. B L Taparia & Shri. Nihalchand Chauhan as Directors of the Company.
4. Re-appointment of M/s. Parikh & Shah, Chartered Accountants Mumbai, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
5. Authority to the Board to the creation by the Board of Directors of the Company of such mortgages, charges and hypothecations in addition to the existing mortgages, charges and hypothecations created by the Company as may be necessary on such of the assets of the Company both present and future, in such manner as the Board may direct, in favour of the financial institutions, banks, mutual funds, overseas banks and other bodies corporate (Lending Agencies) to secure rupee term loans / foreign currency loans and other instrument of an equivalent aggregate amount not exceeding Rs 120.00 crores (Rupees one hundred and twenty crores only) together with the interest thereon at the agreed rates, further interest, liquidated damages, premium on pie-payment or on redemption, costs, charges, expenses and all other moneys payable by the Company to the Lending Agencies under the respective Agreement / Loan Agreement to be entered into by the Company in respect of the said borrowings, subject to necessary provisions & approvals.
6. Authority to the Board to appoint as Branch Auditors of any Branch Office of the Company whether existing or which may be opened hereafter in India or abroad in consultation with the Companys Auditors, any person qualified to act as Branch Auditor, on remuneration, terms & conditions.
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