KPIT TECHNOLOGIES LIMITED - Outcome of AGM

Rediff Moneywiz

Hi Guest
Feedback

KPIT Technologies Limited - Outcome of AGM

	< Back
26 Jul 2014
KPIT Technologies Ltd has informed BSE that about the following resolutions passed by the shareholders in the Annual General Meeting held on July 25, 2014:-<br/><br/>- Ordinary resolutions:<br/><br/>1. Receiving, consideration and adoption of the Audited Financial Statements and Consolidated Financial Statements for the financial year that ended on March 31, 2014, together with the reports of the auditors thereon and the report by the Board of Directors for the financial year that ended on that date,<br/><br/>2. Declaration of dividend @ 55% (Rs. 1.10 per equity share) for the financial year ended March 31, 2014.<br/><br/>3. Appointment of Mr. S. B. (Ravi) Pandit as a director liable to retire by rotation.<br/><br/>4. Appointment of Ms. Elizabeth Carey as a director liable to retire by rotation.<br/><br/>5. Appointment of M/s. BSR and Co. LLP, Chartered Accountants, as the statutory auditors of the Company, to hold office till the conclusion of the annual general meeting to be held in the year 2019, subject to annual ratification by the members and fixation of their remuneration.<br/><br/>6. Appointment of Mr. Adi Engineer as an independent director for a period of three years.<br/><br/>7. Appointment of Dr. R. A. Mashelkar as an independent director for a period of three years.<br/><br/>8. Appointment of Ms. Lila Poonawalla as an independent director for a period of three years.<br/><br/>9. Appointment of Prof. Alberto Sangiovanni Vincentelli as an independent director for a period of three years.<br/><br/>10. Approval of payment of commission not exceeding 1% of the net profits of the Company in the aggregate, to <br/>Non-Executive Directors for the years 2014-15 to 2018-19.<br/><br/>- Special resolutions:<br/><br/>11. Approval of appointment of Mr. S. B. (Ravi) Pandit as a Whole-time Director.<br/><br/>12. Approval of re-appointment of Mr. Kishor Patil as Chief Executive Officer and Managing Director.<br/><br/>13. Approval of revision in the terms and conditions of appointment of Mr. Sachin Tikekar, Whole-time Director.<br/><br/>14. Approval to enter into a contract with Eurofinance Training Private Limited, a related party of the Company.<br/><br/>15. Increase of the maximum number of directors of the Company to eighteen (18) and approval of the consequent alteration of Articles of Association of the Company.<br/><br/>16. Increase of the limit of investment by Foreign Institutional Investors (FIIs) and SEB-approved sub-accounts of FIIs in the Company to 80%.
View all announcements for KPIT Technologies Limited	Source: BSE India

ALL MONEYWIZ PAGES