Apt Packaging Ltd — Board/Management Information 2022

Feb 1, 2022

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CIN:- L24100MH1980PLC022746

To, GENERAL MANAGERDEPARTMENT OF CORPORATE SERVICES THE STOCK EXCHANGE MUMBAI 1[ST] FLOOR, ROTUNDA BUILDING, B.S. MARG, DALAL STREET, FORT MUMBAI – 400 001

Date: 01-02-2022

SUB: RE-SCHEDULED OF BOARD OF DIRECTORS MEETING OF THE COMPANY ON MONDAY, 14[TH] FEBRUARY, 2022 FOR UN-AUDITED QUARTERLY FINANCIAL RESULTS FOR THE THRID QUARTER ENDED AS ON 31[ST] DECEMBER, 2021.

Dear Sir,

In reference to our earlier intimation, now, the meeting of the Board of Directors rescheduled on Monday, 14[th] February, 2022 at 04.00 P.M at Office No. 251, Second Floor, Near Golden City Center, MIDC, Chikalthana, Aurangabad – 431007. The following important matter will be taken up:

1) To approve quarterly Un-Audited financial results for the quarter ended as on 31[st] December, 2021

2) To discuss the status of Listing Application filed with BSE, Mumbai

3) To discuss the Status of Re-activation ISIN of the company.

4) And other regular matters with permission of the chair.

Apart from this regular business transaction will be taken up. This is for your information and records and as per the requirement of the listing agreement.

For APT Packaging Limited

Digitally signed by Arvind Arvind Krishangop Krishangopal Machhar al Machhar Date: 2022.02.01 13:05:41 +05'30' Arvind Machhar Managing Director Din:- 00251843

===================================================================================== Correspondence Office:- Office No. 251, Second Floor, Golden City Center, Chikalthana MIDC, Aurangabad – 431006

208[TH] AGENDA FOR THE RESCHEDULED MEETING OF THE BOARD OF DIRECTORS OF APT PACKAGING LIMITED TO BE HELD ON MONDAY 14[TH ] OF FEBRUARY, 2022 AT 04:00 PM AT THE OFFICE OF THE COMPANY SITUATED AT 251, SECOND FLOOR, GOLDEN CITY CENTER, AURANGABAD – 431 006.

**SR **	PARTICULARS
01.	Togrant leave of absence to the directors who could not attend the meeting.
02.	To confirm the minutes of adjourned meeting of Board of Directors of the Company held on 13thNovember, 2021.
03.	Noting of minutes of audit committee held on 9thFebruary, 2022.
04.	To consider, approve and take on record the Quarterly Un-Audited financial results for the third quarter ended on 31st December,2021.
05.	To take note on theQuarterlyCompliances for thequarter ended,31stDecember,2021
06.	To take the note of ICD and Unsecured Loans for the thirdQuarter ended as on 31stDecember,2021
07.	To Discuss the Status of Listingapplication filed at Stock Exchange, Mumbai.
08.	To take the note of Share Transfer effected duringthequarter from 1stOct,2021 to 31stDec,2021.
09.	To discuss the status of Re-activation of ISIN of the company with CDSL and formalities thereof
10.	To discuss theprogress of legal, court, MIDC, etc matters
11.	To note down the BSE and CDSL approval letters
12.	To discuss anyother matter withpermission of chair

EXPLANATORY NOTES OF THE AGENDA

01. GRANT OF LEAVE OF ABSENCE

Leave of absence may be granted to the directors those who are not able to attend the meeting and conveyed their inability in this regard.

2. APPROVAL OF MINUTES OF PREVIOUS BOARD MEETING

Minutes of the adjourned meeting of the Board of Directors held on 13[th] November, 2021 will also be placed on the table at the time of Board meeting for confirmation and approval of the Board. Board is requested to pass the following resolution:-

“RESOLVED THAT , the minutes of the previous meeting of the Board of Directors of the Company held on 13[th] November, 2021 placed before the meeting and signed by the Chairman be and is hereby confirmed and approved”

3. NOTING OF MINUTES OF AUDIT COMMITTEE

The Minutes of the Audit Committee Meeting held on 9[th] February, 2022 will be placed before the Board for noting of the same.

4. TO CONSIDER, APPROVE AND TAKE ON RECORD THE QUARTERLY UN-AUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED ON 31[ST] DECEMBER, 2021.

In terms of provisions of Clause 41 of Listing Agreement with the Bombay Stock Exchange, Mumbai, and Regulation 33 of SEBI the directors of the company are requested to consider, approve and take on record the Quarterly Un-Audited financial results for the third quarter ended on 31[st] December, 2021. The quarterly financial results of the Company will be circulated at the Board Meeting.

The following resolution may be passed by the Board in this regard: -

“RESOLVED THAT, the Quarterly Un-Audited Financial results for the third quarter ended as on 31[st] December, 2021, as placed before the Board and initialed by the Chairman for the purpose of identification be and is hereby approved and the same be taken on record in terms of provisions of Clause 41 of the Listing Agreement and Regulation 33 of SEBI (Listing obligations & disclosure requirements) Regulation 2015.”

“FURTHER RESOLVED THAT , Shri Arvind Machhar, Managing Director of the Company be and is hereby authorized on behalf of the Board to sign the same.”

“FURTHER RESOLVED THAT , Mr. Arvind Machhar, Managing Director of the Company be and is hereby authorized to file, upload with the portal of BSE Listing Centre, the Bombay Stock Exchange, Mumbai and publish in the newspapers the Audited Financial Results in terms of provisions of Clause 41 of Listing Agreement and Regulation 33 of SEBI (Listing obligations & disclosure requirements) Regulation 2015.”

5. TO TAKE NOTE ON QUARTERLY COMPLIANCES FOR THE THIRD QUARTER ENDED AS ON 31[ST] DECEMBER, 2021

Board is requested to note the quarterly compliances for the quarter ended as on 31[st] December, 2021 including, GST, Income Tax, HR, PF, ROC, BSE etc.

6. TO TAKE THE NOTE OF INTER CORPORATE BORROWINGS AND UNSECURED LOANS

The Board is requested to review the Inter corporate borrowings and Unsecured Loans received by company for the quarter ended as on 31[st] December, 2021 which will be placed before the board.

7. TO DISCUSS THE STATUS OF LISTING APPLICATION FILED AT STOCK EXCHANGE:-

All the related queried for Listing of 25 Lakhs equity shares has been submitted to the BSE. The compliance team of BSE further submitted the application to BSE panel for final approval. Board is requested to discuss the status.

8. NOTING FOR THE SHARE TRANSFER EFFECTED DURING THE QUARTER FROM 01[ST ] OCTOBER, 2021 TO 31[ST] DECEMBER, 2021.

During the quarter under review no data were received from R&T Agent for the Transfer of Shares, Share Holding Pattern, Reconciliation of Audit, Investors Complaints etc hence not available for noting. Board is requested take appropriate steps for timely availability of data from R&T agent and resolve the matter at earliest.

9. TO DISCUSS THE STATUS OF ACTIVATION OF ISIN OF THE COMPANY WITH CDSL:-

The old ISIN of the Company i.e INE046E010017 has been de-activated against the new temporary ISIN No. INE046E01025. The Old 260551 (289 holders) dematerialized shares of ACIL has been debited by CDSL vide their letter no. CDSL/OPS/IPO-CA/2021-22/CA-456874.001 dated 17.12.2021 and bifurcated 104219 (265 holders) equity shares as per scheme of demerger of the Company. Out of these 104219 equity shares 5506 ((Actual 88 holders) Considering One holders ) equity shares are transferred to suspense account No. BO DP ID:- 13012400 Client ID:06224148 which is opened with HDFC Bank, Kalda Corner, Aurangabad in the name of APT Packaging Ltd Suspense Account as per letter no. CDSL/OPS/IPO-CA/2021-22/CA-457313.002 dated 29.12.2021 for capital reduction. The remaining 98713 (201 holders) equity shares have been credited by CDSL vide their letter No. CDSL/OPS/IPOCA/2021-22/CA-457313.001 dated 17.12.2021 to the respective active holders of the company.

10. TO DISCUSS THE STATUS OF LEGAL MATTERS OF THE COMPANY

Board is requested to discuss the progress of legal matters of the company.

11. TO NOTE THE APPROVAL LETTERS OF BSE AND CDSL:-

Board is requested to note the approval letter of BSE, Mumbai for 25 Lakhs equity shares having letter No. LOD/PREF/JR/FIP/1784/2021-2022 dated 4[th] January, 2022 and CDSL letter no. CDSL/OPS/IPO-CA/2021-22/CA456874.001 dated 17.12.2021 ; no. CDSL/OPS/IPO-CA/2021-22/CA-457313.002 dated 29.12.2021 for capital reduction and No. CDSL/OPS/IPO-CA/2021-22/CA-457313.001 dated 17.12.2021.

12. NOTINE OF LIST OF RESOLUTION PASSED THROUGH CIRCULATION BY THE BOARD OF DIRECTORS OF APT PACKAGING LIMITED ON THURSDAY 30[TH] DECEMBER, 2021

01. ACCEPTANCE OF SANCTION LETTER OF PUNJAB NATIONAL BANK AND APPOINTMENT OF AUTHORIZED PERSON FOR EXECUTION OF DOCUMENTS:-

“RESOLVED THAT, in reference to all resolution passed earlier for credit facilities under the Guarantee Emergency Credit Line (GECL) Scheme and in order to meet the working capital requirement, the Company be and is hereby authorized to accept the Fresh Term Loan of Rs. 50.00 Lac sanctioned by Punjab National Bank vide their letter dated 28[th] December, 2021 under additional assistance of 10% GECL Scheme as per the proposal submitted by the Company with the changes as sanctioned by the bank, accept the terms and conditions as specified in the sanction letter or Loan agreement which is circulated to the board for their approval.”

“RESOLVED FURTHER THAT , the consent and approval of the Board be and are hereby accorded to the company to borrow the aforesaid funds under additional assistance of 10% GECL Scheme and on such terms and conditions as mentioned in the sanction letter or loan agreement.”

“RESOLVED FURTHER THAT , Shri. Arvind Machhar, Managing Director and/or Shri. B. H. Tapdiya, Director of the Company be and is hereby authorized to extend the charge on current assets as well as fixed assets of the company situated at Haridwar which is already mortgaged with the Punjab National Bank to create an equitable mortgage thereon as collateral security in favour of the bank for the loan amount so borrowed.”

“RESOLVED FURTHER THAT , Shri. Arvind Machhar, Managing Director and/or Shri. B. H. Tapdiya, Director of the Company be and is hereby borrowed the Loan funds on such terms that the funds so advanced from the bank shall be repaid as per the terms and condition of the sanction letter.”

“RESOLVED FURTHER THAT , Shri. Arvind Machhar, Managing Director and/or Shri. B. H. Tapdiya, Director of the Company be and is hereby authorized in relation to the said facility to act on behalf of the company to sign and execute the requisite documents, agreements, deeds, undertakings, indemnities etc under the common seal of the company, wherever required in terms of the Articles of Association of the company.”

Yours sincerely, FOR APT PACKAGING LIMITED

SD/NISCHINT MACHHAR CFO