General Announcement::Outcome of Annual General Meeting

Issuer & Securities

Issuer/ Manager
MERCATOR LIMITED
Securities
MERCATOR US$16M4.75%CB190527 - XS1072432161 - 3R0B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Sep-2014 20:43:09
Status
New
Announcement Sub Title
Outcome of Annual General Meeting
Announcement Reference
SG140924OTHR5YGX
Submitted By (Co./ Ind. Name)
Ms. Amruta Sant
Designation
Company Secretary
Effective Date and Time of the event
24/09/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform you that the members of the Company in their 30th Annual General Meeting held today; have approved following:

1. Adoption of the Audited Balance Sheet as at 31st March 2014, the Audited Statement of Profit and Loss for the year ended on that date, together with the Reports of the Board of Directors and Auditors thereon, standalone as well as consolidated.

2. Declaration of Dividend @ 10% i.e. Re. 0.10/- on 24,48,92,073 equity shares of Re.1/- each of the Company.

3. Re-appointment of Mr. Atul Agarwal as Director of the Company.

4. Re-appointment of M/s. CNK & Associates LLP as Statutory Auditors of the Company.

5. Appointment of Mr. M. M. Agrawal as an Independent Director for a term of 5 consecutive years from 24th September, 2014.

6. Appointment of Mr. Gunender Kapur as an Independent Director for a term of 5 consecutive years from 24th September, 2014.

7. Appointment of Mr. Manohar Bidaye as an Independent Director for a term of 5 consecutive years from 24th September, 2014.

8. Appointment of Mr. K. R. Bharat as an Independent Director for a term of 5 consecutive years from 24th September, 2014.

9. Appointment of Mr. Aayush Agarwal for holding office or place of profit in, subsidiary Company viz. Mercator Energy Pte. Ltd.

10. Issue of Non-convertible Debentures (NCDs)/Commercial paper (CP) on private placement basis aggregating up to an amount not exceeding Rs. 500 crores.

11. Payment of Commission to Non-executive Independent Directors up to 1% of annual Net profits of the Company.

Also enclosed herewith copy of Chairman s Speech delivered at the said Annual General Meeting.

Please acknowledge and take the same on record.

Attachments

Outcome_SGX.pdf
Total size =101K