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| Exchange Received Time 29/09/2017 11:41:46 Exchange Disseminated Time 29/09/2017 11:41:55 Time Taken 00:00:09 | Pursuant to Regulation 30 of the Listing Regulations, we give below gist of the proceedings of the 30th Annual General Meeting ('AGM') of the Company held on Thursday, 28th September, 2017 at 04:00 p.m. at the Registered Office of the Company at Survey no 16/3, 26 & 27, Village Ranjitnagar, Taluka Ghoghamba, District Panchmahal.
Gist of proceedings:
Shri Deepak Asher, Director and Group Head (Corporate Finance) of the Company, was appointed as Chairman of the Meeting and he chaired the Meeting.
The requisite quorum being present, the Chairman called the Meeting to order.
The Chairman informed that remote e-voting commenced from 25th September, 2017 (9.00 A.M.) and ended on 27th September, 2017 (5.00 P.M.).
The following item of business as set out in the Notice calling the Meeting were proposed for Members' approval through Poll and in this regard Ballot Papers were given to the Members present after explanation of procedure of voting by Shri Satyanarain Samdani, Partner of Samdani Shah & Kabra, Practising Company Secretaries, Vadodara, Scrutinizers of the Company to cast vote by the Members:
Ordinary Business:
1. Adoption of
the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2017, the report of the Board of Directors and Auditors thereon;
the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2017 and the report of the Auditors thereon. (copy item as per Notice)
2. Declaration of Dividend @ Rs 3.50 per equity share of Re 1 each for the Financial Year ended on 31st March, 2017.
3. Re-appointment of Shri Deepak Asher as Director of the Company.
4. Appointment of Independent Auditors of the Company to hold office from the conclusion of 30th Annual General Meeting to the conclusion of 35th Annual General Meeting and to authorise the Board of Directors of the Company to fix their Remuneration.
Special Business:
5. Re-appointment of Shri Vivek Jain (DIN: 00029968) as Managing Director of the Company and approve payment of remuneration to him.
6. Re-appointment of Shri Dinesh Kumar Sachdeva (DIN: 00050740) as Whole-time Director of the Company and approve payment of remuneration to him.
7. Re-appointment of Shri Anand Rambhau Bhusari (DIN: 07167198) as Whole-time Director of the Company and approve payment of remuneration to him.
8. Ratification of remuneration to the Cost Auditors of the Company for the Financial Year 2017-18.
After Shri Satyanarain Samdani, Scrutinizer of the Company informed the Chairman that casting of vote by the Members present at the Meeting was completed, the Chairman announced that the Results of the Poll together with results of Electronic Voting shall be shall be displayed on the website of the Company and website of CDSL and websites of Stock Exchanges within 48 hours of the conclusion of the Meeting.
We request you to please take the above on record.
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