PVR Ltd has informed that the members of the Company will consider to approve by way Postal Ballot the following Special Resolutions:
1. To create, offer, issue, grant and allot over a period of time to time and for the benefit of the eligible employees of the Company (as defined in the Guidelines) or to a Trust formed for the benefit of such persons, not exceeding 5,00,000 Equity Shares of the Company, as the Board may deem fit at such time or times, in one or more tranches at such price or prices and in such-manner and on such terms & conditions framed / to be framed by the Board with regard to the Employees Stock Option Scheme in accordance with the Guidelines or other provisions of law as may be prevailing at that time and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment and to give financial assistance for the purpose of purchase or subscribing of such shares by such persons and such shares shall be subject to the terms of Memorandum & Articles of Association of the Company and all such shares shall rank pari passu with the existing Equity Shares of the Company as and when issued, subject to necessary provisions & approvals.
2. To alter the Articles of Association of the Company.
3. To revise the remuneration of Mr. Sanjeev Kumar, Joint Managing Director of the Company with effect from July 24, 2008 for a period of 5 years, on necessary terms & conditions.
4. To charge / mortgage / hypothecate / create security / encumber in respect of the whole or substantially the whole of the undertaking(s) of the Company including all or any of its movable or immovable property(ies), both present and future, from time to time, on behalf of the Company, for securing the loan(s) not exceeding Rs 300 crores availed / to be availed by the Company, in any form or manner or otherwise, in one or more tranches, from any bank / financial institution / other lenders, on such terms and conditions, as may be decided by the Board of Directors, from time to time.
The Company has appointed Shri. Brajesh Kumar, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before the close of working hours on January 02, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on January 05, 2009.
1. To create, offer, issue, grant and allot over a period of time to time and for the benefit of the eligible employees of the Company (as defined in the Guidelines) or to a Trust formed for the benefit of such persons, not exceeding 5,00,000 Equity Shares of the Company, as the Board may deem fit at such time or times, in one or more tranches at such price or prices and in such-manner and on such terms & conditions framed / to be framed by the Board with regard to the Employees Stock Option Scheme in accordance with the Guidelines or other provisions of law as may be prevailing at that time and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment and to give financial assistance for the purpose of purchase or subscribing of such shares by such persons and such shares shall be subject to the terms of Memorandum & Articles of Association of the Company and all such shares shall rank pari passu with the existing Equity Shares of the Company as and when issued, subject to necessary provisions & approvals.
2. To alter the Articles of Association of the Company.
3. To revise the remuneration of Mr. Sanjeev Kumar, Joint Managing Director of the Company with effect from July 24, 2008 for a period of 5 years, on necessary terms & conditions.
4. To charge / mortgage / hypothecate / create security / encumber in respect of the whole or substantially the whole of the undertaking(s) of the Company including all or any of its movable or immovable property(ies), both present and future, from time to time, on behalf of the Company, for securing the loan(s) not exceeding Rs 300 crores availed / to be availed by the Company, in any form or manner or otherwise, in one or more tranches, from any bank / financial institution / other lenders, on such terms and conditions, as may be decided by the Board of Directors, from time to time.
The Company has appointed Shri. Brajesh Kumar, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before the close of working hours on January 02, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on January 05, 2009.
No comments:
Post a Comment