| CSSTL has informed BSE that the members at the
12th Annual General Meeting (AGM) of the Company
held on September 29, 2006, inter alia, have accorded
to the following:
1. Adoption of the audited Balance Sheet of the
Company as at March 31, 2006, the Profit &
Loss A/c for the year ended as on that date and
the reports of the Directors' and the Auditors'
thereon.
2. Re-appointment of Mr. T Krishna Rao &
Wg. Cdr. V L Nanda Kumar, as Directors of the
Company, liable to retire by rotation.
3. Re-appointment of M/s. Rambabu & Co..
Chartered Accountants, as the Statutory
Auditors of the Company to hold the office from
the conclusion of this Annual General Meeting
until the conclusion of the next Annual General
Meeting of the Company, on remuneration, terms
& conditions.
4. Increase in the Authorised Share Capital of
the Company from Rs 6 crores to Rs 10 Crores.
5. Revision in remuneration of Mr. Ravi Vishnu,
Chairman & Managing Director of the Company,
in accordance with the provisions of the Companies
Act, 1956.
6. Revision in remuneration of Mr. N Sunder Raj,
Executive Director & CEO of the Company, in
accordance with the provisions of the Companies
Act, 1956.
7. Revision in remuneration of Mr. A Bhopal Reddy,
Whole Time Director of the Company, in accordance
with the provisions of the Companies Act, 1956.
8. Issue of upto 7,50,000 Equity Shares to the
employees of the Company under "CSS Technergy Ltd Employees Stock Option Scheme"
in accordance with the Securities & Exchange
Board of India (Employee Stock Option Scheme and
Employee Stock Purchase Scheme) Guidelines, 1999.
9. Appointment of Mr. R Balarami Reddy as the
Director of the Company whose period of office
shall be liable to determination by retirement
of directors by rotation. |
