The 24th Annual General Meeting of the Company is scheduled to be held on 26th August, 2011 (Firday) at "Rotary Sadan (Shripati Singhania Hall)", 94/2, Chowringhee Road, Lala Lajpat Rai Sarani, Kolkata - 700 020 at 10.00 a.m.
Outcome of Board Meting held on 14th January, 2011
The Board of Directors of the Company at their meeting held on Jan 14, 2011, inter alia, has considered, approved and taken on record the following:
1) Subject to the approval of the shareholders, which is being sought through Postal Ballot.
i) Increase in Authorised Share Capital of the Company from Rs.20 crores to Rs.50 crores.
ii) Issue and allotment of Redeemable Preference Shares upto Rs.25 crores to Promoter and Promoter Group and other investors.
iii)Re-appointment of Mr. R.S.Jalan as the Chairman & Managing Director of the Company and approval of the remuneration payable to him.
2) Appointment of M/s. Rakesh Agarwal & Co. as the scrutinizers for the purpose of Postal Ballot as required by the Companies (Passing of the Resolution by Postal Ballot)Rules, 2001.
3) The draft notice and schedule of events for the said Postal Ballot procedure.
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As the most experienced pig iron producing company in Eastern India, KIC, enjoys a history of more than
