GMR Industries Ltd has informed BSE that Members for approval of the Special Resolution for shifting of the Registered office of the Company from Door No.6-3-866/1/G2, Greenlands, Hyderabad, Andhra Pradesh to 25/1, SKIP House, Museum Road, Bengaluru -560025, Karnataka in accordance with the provisions of Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules 2001.
GMR Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 03, 2008, inter alia, has taken the following decision:
1. Recommended a 10% equity dividend and 8% fixed dividend on preference shares.
2. Took on record the resignation of Dr. V Raghunathan as the Managing Director of the Company with effect from June 04, 2008.
3. Appointed Mr. R Ramakrishnan as the Managing Director of the Company with effect from effect from June 04, 2008.
4. Decided to acquire M/s Alagawadi Bireshwar Sugars Pvt Ltd., a Company which holds a license to set up and operate a 3500 TCD Sugar Mill at Raibagh in Karnataka.
5. Approved the shifting of the Company’s Registered Office from Hyderabad to Bangalore, subject to approval of the Members and confirmation of the Company Law Board.
With reference to the earlier announcement dated May 15, 2008, GMR Industries Ltd has informed BSE that the meeting of the Board of Directors of the Company has been re-scheduled to June 03, 2008, inter alia, to consider the following:
1. Consider and approve the Audited Financial Result of the Company, for the quarter and financial year ended March 31 2008.
2. Recommend dividend, if any, for the financial year 2007-08.
GMR Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 29, 2008, inter alia, to transact the following:
1. Consider and approve the Audited Financial Results of the Company, for the quarter and financial year ended March 31, 2008.
2. Recommend dividend, if any, for the financial year 2007-08.