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| Exchange Disseminated Time 13/08/2016 14:56:11 | Dhanlaxmi Cotex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2016, inter alia, has considered and approved the following;
1. Adopted the Directors Report for F.Y. 2015-16 and recommended to the members Balance Sheet, Profit & Loss A/c, Cash Flow, Auditors Report and Notes thereon to the members and also approved the draft of Notice of 30th Annual General Meeting of the Company.
2. Ratified the appointment of M/s. S.G. Kabra & Co., Statutory Auditor of the Company for F.Y. 2016-2017, subject to approval of members at ensuring Annual General Meeting.
3. Related Party Transactions in accordance with section 188 of the Companies Act, 2013 and Regulation 23(4) of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, subject to approval of members at ensuring Annual General Meeting.
4. Increased the Borrowing power of Board up to up to Rs. 100 Crores pursuant to section 180 (1) (c) of the Companies Act, 2013, subject to approval of members at ensuring Annual General Meeting.
5. Creation of security under section 180(1) (a) of tiie Companies Act 2013 in connection with the borrowings of the Company, subject to the approval of the members at the ensuring Annual General Meeting of the Company.
6. Increased the power of Board under section 186 of the companies Act, 2013 to make Investirients, give Loans, Guarantees and provide Securities exceeding sixty percent of Company's paid up capital and its free reserves and securities premium account or one hundred percent of its free reserves and securities premiimi account, not exceed an aggregate amount of Rs. 100 Crores, subject to approval of members at ensuring Annual General Meeting.
7. Appointed M/s. R. Soni & Co., as an Internal Auditors of the Company for F.Y. 2016-17, pursuant to Section 138 of the Companies Act, 2013.
8. Appointed M/s. Pankaj Trivedi & Co., as Secretarial Auditors of the Company to conduct Secretarial Audit for F.Y. 2016-17, pursuant to Section 204 of the Companies Act, 2013.
9. Adopted new sets of Articles of Association of the Company in line with Companies Act, 2013, subject to the approval of the members at the ensuring Annual General Meeting of the Company.
10. Appointed Mr. Pankaj Trivedi, Practicing Company Secretary as Scrutinizer for conducting e-voting and poll process for 30th Annual General Meeting of the Company.
11. Appointed Shri. C. K. Bohra as Chief Financial Officer of the Company.
12. Reviewed and took the note on Comments/Qualification, made by Secretarial / Statutory Auditors in their Audit Report for the F.Y 2015-2016.
13. Took the note on Compliance on Listing Obligation & Disclosure Requirements Regulation 2015 for the quarter ended June 30, 2016.
14. Took the note on Status of Minutes of Board / Committees Meetings held and signed the Statutory Registers.
15. Given authority to the each Director as Authorised Representative of the Company to attend general meeting of other Companies.
16. Authorised Shri. Ramautar Jhawar, Shri. Mahesh Jhawar (KMP) for the purpose of determining materiality of an events or information and for the purpose of making disclosures to stock exchange (under regulation 30(5) of SEBTs (LODR) Regulation, 2015. |
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