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Aarti Industries Ltd AGM Information 2021
62198_rns_2021-09-28_6e766d5e-aee9-443d-886c-b4e4338c85c1.pdf
AGM Information
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To, Listing/Compliance Department BSE LTD. PhirozeJeejeebhoy Towers, Dalal Street, Mumbai -400 001.
To, Listing/Compliance Department National Stock Exchange of India Limited "Exchange Plaza", Plot No. C/1, G Block Bandra-Kurla Complex, Sandra (E), Mumbai - 400 051.
BSE CODE : 524208
NSE CODE:AARTIIND
Dear Sir/Madam,
Ref: Regulation 30 of the SEBI (LODR) Regulations, 2015. Sub: Proceedings of 38 1h Annual General Meeting
We are submitting herewith details of the proceedings of 381h Annual General Meeting (AGM) of the Company held on Tuesday, September 28, 2021 at 11 :00 A.M. through Video Conferencing.
Kindly take the same on record.
Thanking You,
ICSI M. NO. A15526 Encl.: as above.
www.aarti-industries.com I CIN: L24110GJ1984PLC007301 Admin. Office : 71, Udyog Kshetra, 2nd Floor, Mulund Goregaon Link Road, Mulund (W), Mumbai - 400080, !NOIA. T : 022-67976666, F : 022-2565 3234 I E : [email protected] Regd. Office : Plot No. 801, 801 /23, lllrd Phase, GIDC Vapi-396195, Dist- Valsad. !NOIA. T : 0260-2400366.
AARTI INDUSTRIES
LIMITED
PROCEEDINGS OF THE 38TH ANNUAL GENERAL MEETING (AGM) OF AARTI INDUSTRIES LIMITED
The 38 1h Annual General Meeting held today, September 28, 2021 at 11 :00 AM. through Video Conferencing and Other Audio Visual Means in Compliance with the circulars issued by Ministry of Corporate Affairs and the Securities and Exchange Board of India.
Welcoming the Shareholders, Chairman Emeritus, Chairman, Board Members and the Invitees, the Company Secretary stated about the presence of;
- a) Shri Chandrakant Vallabhaji Gogri, Chairman Emeritus,
- b) Shri Rajendra V Gogri, Chairman and Managing Director of the Company,
- c) The Board Members,
- d) Shri KVS Shyam Sunder, Chairman of Audit Committee and Stakeholders Relationship Committee,
- e) Shri Milind Shave, Representative of the Statutory Auditors, Mis Kirtane & Pandit,
- f) CS Shri Sunil Dedhia, Scrutinizer and the Secretarial Auditor, and
- g) A requisite quorum.
He also stated that the requisite records and registers were made available for inspection by the members electronically.
Shri Rajendra V. Gogri, Chairman of the Company then welcomed all the Members, Directors, Auditors and representatives present for the meeting and called the meeting to order.
The Chairman stated that;
- Notice of the AGM dated August 6, 2021 and the copy of Annual Report for the financial year ended March 31, 2021 has already been circulated to the members electronically. With the permission of all it was taken as read.
- Then the Chairman introduced the Board Members present.
After a formal introduction of the Board Members, the Chairman addressed the members of the Company with a brief speech wherein he updated Company's strong performance in challenging environment, Company's objectives, strategies etc.
Then, Chief Financial Officer gave an overview of Company's performance for the year ended March 31, 2021.
www.aarti-industries.com I CIN: L24110GJ1984PLC007301
Admin. Office : 71, Udyog Kshetra, 2nd Floor, Mulund Goregaon Link Road, Mulund (W), Mumbai - 400080, INDIA. T : 022-67976666, F : 022-2565 3234 I E : [email protected] Regd. Office : Plot No. 801, 801 /23, lllrd Phase, GIDC Vapi-396195, Dist- Valsad. !NOIA. T : 0260-2400366.
The Company Secretary stated that the facility for remote e-voting on all the resolutions as set out in the Notice of the AGM had been provided to the shareholders in proportion to their voting rights as on the cut-off date of Tuesday, September 21, 2021. The evoting period commenced at 9:00 AM. on Saturday, September 25, 2021 and concluded at 5:00 P.M. on Monday, September 27, 2021. He also informed that voting by electronic means was also available during the AGM to those shareholders who had not already voted by means of remote e-voting.
The following items as stated in the Notice of 381h AGM were then taken up for consideration:
ORDINARY BUSINESS:-
- 1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2021 together with the Reports of the Auditors' and the Board of Directors' thereon.
- 2. To declare the final dividend @ 30% i.e. Rs. 1.50 (Rupee One and Fifty Paise only) per Equity share for the financial year ended March 31, 2021.
- 3. To appoint a Director in place of Shri Parimal H Desai (DIN: 00009272), who is liable to retire by rotation and being eligible, offers himself for re-appointment.
- 4. To appoint a Director in place of Smt. Hetal Gogri Gala (DIN: 00005499), who is liable to retire by rotation and being eligible, offers herself for re-appointment.
SPECIAL BUSINESS:
- 5. To approve the re-appointment of Shri Rashesh C. Gogri (DIN 00066291) as the Managing Director of the Company.
- 6. Variation in terms of Remuneration of Executive Directors.
- 7. To approve the remuneration of the Cost Auditors for the Financial Year 2021-22.
The Company Secretary thereafter invited the shareholders to put forth their views/questions, if any relating to the annual financial statements, for the year ended March 31, 2021 and matters related thereto.
Some of the shareholders, attending the meeting through Video Conferencing means, expressed their views / questions relating to the business and operations of the Company. After hearing from the speaker shareholders as above, the Chairman responded to their questions.
www.aarti-industries.com I CIN: L24110GJ1984PLC007301 Admin. Office : 71, Udyog Kshetra, 2nd Floor, Mulund Goregaon Link Road, Mulund (W), Mumbai - 400080, INDIA. T : 022-67976666, F : 022-2565 3234 I E : [email protected] Regd. Office : Plot No. 801, 801 /23, lllrd Phase, GIDC Vapi-396195, Dist- Valsad. INDIA. T : 0260-2400366.
The Company Secretary thereafter requested to those shareholders who had not already voted by means of remote e-voting to vote. He mentioned that e-voting to remain open for next 30 minutes after the conclusion of AGM.
The Company Secretary then informed that the Company had appointed CS Sunil M. Dedhia, Practicing Company Secretary as a Scrutinizer to scrutinize the remote e-voting and e-voting process in fair and transparent manner. The results of the remote e-voting and e-voting at the 3s th Annual General Meeting will be declared within 2 working days of the conclusion of the AGM upon receipt of the Scrutinizer's Report. The same shall be posted on the Company's website www.aarti-industries.com and communicated to the Stock Exchanges viz. BSE Ltd. and National Stock Exchange of India Limited.
The Chairman thereafter answered the questions asked through Question and Answer box provided below the live streaming screen.
Since all the businesses mentioned in the AGM notice were transacted, the Chairman declared the meeting as concluded at 12:35 p.m.
ICSI M. NO. A15526
www.aarti-industries.com I CIN: L24110GJ1984PLC007301 Admin. Office : 71, Udyog Kshetra, 2nd Floor, Mulund Goregaon Link Road, Mulund (W), Mumbai - 400080, INDIA. T : 022-67976666, F : 022-2565 3234 I E : [email protected] Regd. Office: Plot No. 801, 801/23, lllrd Phase, GIDC Vapi-396195, Dist- Valsad. !NOIA. T: 0260-2400366.