Gammon India Ltd. has informed the Exchange regarding extract of the proceedings of the Extra-ordinary General Meeting of the Company held on October 23, 2009. At the aforesaid meeting, the requisite quorum being present, Mr. Chandrahas C Dayal, Non Executive Director or the Company took the Chair and commenced proceedings of the meeting.(1). The shareholders passed the Special Resolution authorizing the Board of Directors of the Company to raise capital by issuing securities to the Qualified Institutional Buyers in accordance with the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws upto an amount not exceeding USD 200 Million. (2). The Shareholders also approved Increase / variation in remuneration payable to Mr. Himanshu Parikh - Executive Director of the Company.
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