Jai Corp - Outcome of EGM
Jai Corp Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 18, 2008, inter alia, have approved the following:
1. Amendments to the Articles of Association relating to the number of Directors that
the Company can have.
2. Increasing the maximum number of the Directors that the Company can have from 11 to 12.
3. Fixing the maximum amount that can be paid as ’sitting fee’ to the Directors for attending meeting of the Board or any of its sub-committee.
4. Enhancing the borrowing powers of the Board of Directors to Rs 5000 crores.
5. Enhancing the aggregate investments that the Company can make to Rs 7500 crores.
6. Fixing the maximum amount that can be contributed to charitable and other funds not directly related to the business of the Company to Rs 25 crores.
Tags: Jai Corp