Shareholder Meeting / Postal Ballot-Outcome of AGM

• Security Code: 523391
• Company: NAHARPOLY

PROCEEDINGS OF THIRTIETH ANNUAL GENERAL MEETING OF THE COMPANY HELD ON FRIDAY, 28TH SEPTEMBER, 2018 AT 12.30 P.M

Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that 30th Annual General Meeting of the Members of the Company was held on Friday, September 28, 2018 at 12.30 p.m at the premises of Nahar Industrial Enterprises Limited, Focal Point, Ludhiana.

Pursuant to section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company offered remote e-voting facility to all the shareholders of the Company, in respect of the items of the business from 1 to 7 as set out in the Notice of the 30th Annual General Meeting. For this purpose, the company engaged the services of Central Depository Services (India) Limited for providing remote e-voting facility to its shareholders. The remote e-voting opened for three days starting from 25th September, 2018 at 09.00 a.m to 27th September, 2018 at 05.00 p.m.

The shareholders who were present at the Meeting and had not cast their votes electronically were provided the opportunity to cast their votes by way of poll/ballot paper. The procedure for casting the vote was explained to the Members.

Mr. P.S.Bathla, a Practicing Company Secretary, Ludhiana having Membership No FCS-4391, was appointed to act as Scrutinizer for the e-voting as well as to conduct poll process in a fair and transparent manner at the venue of Annual General Meeting i.e. at the premises of Nahar Industrial Enterprises Limited, Focal Point, Ludhiana.

Following items of Resolution set out in the Notice convening 30th AGM were proposed for shareholders approval at the Meeting.

ORDINARY BUSINESS

1. Adoption of Financial Statements (Ordinary Resolution)

a. Adoption of Standalone Financial Statements of the Company for the financial year ended 31st March, 2018 and the Reports of the Board of Directors and Auditors thereon.
b. Adoption of Consolidated Financial Statements of the Company for the financial year ended 31st March, 2018 and the Reports of the Board of Directors and Auditors thereon

2. Declaration of Dividend @ 10% i.e. Rs.0.50 per Equity Share of Rs.5 each for the year ended 31st March, 2018. (Ordinary Resolution)

3. Appointment of Sh. Jawahar Lal Oswal (DIN 00463866), Director retiring by rotation. (Ordinary Resolution)

4. Appointment of Sh. Dinesh Gogna (DIN 00498670), Director retiring by rotation. (Ordinary Resolution)

SPECIAL BUSINESS:
5. Ratification of remuneration of M/s. Khushwinder Kumar & Associates (Firm Registration No. 000102) as Cost Auditors of the Company for conducing Cost Audit for the financial year ended 31st March, 2018. (Ordinary Resolution)


6. To determine the fees for Delivery of any document through a particular mode of delivery. (Ordinary Resolution)

7. Approval for continuation of holding of office as Non Executive Director by Mr Jawahar Lal Oswal (DIN 00463866), upon attaining the age of 75 years (Special Resolution)

After completion of poll process under the supervision of Mr P.S.Bathla, the scrutinizer, the Chairman informed that on the basis of Scruitnizer's Consolidated Report on e-voting and poll, the polling results will be declared tomorrow at 04.00 p.m. at the Registered Office of the Company. The polling results will be also submitted to the Stock Exchanges in the format prescribed under Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements)
Regulations, 2015 and the details of the said results will also be uploaded on the Company's website and website of CDSL.

Thereafter the meeting concluded at 12:55 p.m. with a vote of thanks to the Chair.