| | | | Outcome of AGM | 9/28/2011 4:31:04 PM | | | | Aban Offshore Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on September 28, 2011, inter alia, have approved the following:
1. Adoption of Annual Accounts for the year ended March 31, 2011.
2. Declaration of Dividend @ 8% p.a. on the Paid up Non Convertible Cumulative Redeemable Preference Share Capital of the Company for the year ended March 31, 2011.
3. Declaration of Dividend @ 9% p.a. on the Paid up Non Convertible Cumulative Redeemable Preference Share Capital of the Company for the year ended March 31, 2011.
4. Declaration of Dividend @ 9.25% p.a. on the Paid up Non Convertible Cumulative Redeemable Preference Share Capital of the Company for the year ended March 31, 2011.
5. Declaration of Dividend @ Rs. 3.60 per Equity Share of face value Rs. 2/- each.
6. Appointment Mr P. Venkateswaran as Director retiring by rotation.
7. Appointment of Mr. C. P. Gopaikrishnan as Director retiring by rotation.
8. Re-appointment of M/s. Ford, Rhodes, Parks & Co., Chartered Accountants as Statutory Auditors and fixation of their remuneration.
9. Re-appointment of Mr. P. Venkateswaran as Deputy Managing Director and revision in terms of remuneration.
10. Re-appointment of Mr. C. P. Gopaikrishnan as Deputy Managing Director and revision in terms of remuneration.
11. Approval for raising long term resources through Issue of FCCBs/ ADRs/GDRs etc., upto an amount not exceeding US$400 Million or its equivalent currencies.
12. Approval for raising long term resources for issue of Equity shares/fully convertible Debentures / partly convertible debentures / non convertible debentures / any other securities (other than warrants) which
are convertible or exchangeable with equity shares to Qualified institutional Buyers for an amount not exceeding INR 2500 crores inclusive of premium as may be finalized by the Board or any Committee thereof under the Qualified institutional Placement. | |
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