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Banswara Syntex Ltd. AGM Information 2018
61853_rns_2018-09-25_1c336c0f-3184-44c8-9ba8-9d2038903142.pdf
AGM Information
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BSI/SEC{18
zs» September, 2018
BSE Limited Listing Deptt. Floor 25, P.J. Towers Dalal Street MUMBAI - 400 001
Scrip Code No.503722
National Stock Exchange of India Ltd. Listing Department Exchange Plaza Bandra-Kurla Complex Bandra (East), MUMBAI - 400 001
Symbol" BANSWRAS"
Sub; Compliance under Regulation 30 of Securities and Exchange Board of India lListing Obligations and Disclosure Requirements) Regulations, 2015- Summary of the Proceedings of 42nd Annual General Meeting (AGMl of the Company held on 24th September, 2018,
Dear Sir,
This is to inform you that the 42nd AGM of the Company was held on 24"' September, 2018 at Registered Office of the Company at Industrial Area, Dahod Road, Banswara-327001 (Rajasthan), We hereby submit Summary of the proceedings of the 42nd AGM of the Company held on 24"' September, 2018 at 4:00 P.M. and same is enclosed herewith.
Thanking You,
Yours Faithfully For BANSWARA SYNTEX LIMITED
n. .1",s,J) ~lvlilJf.~ ..
(H.P. KHARWAL) COMPANY SECRETARY ANDC
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Snmmary of proceedings oCtile 42nd Annnal General Meeting
The 42nd Annual General Meeting (AGM) of the members ofBanswara SyntexLimited (the company) was held on Monday, September 24,2018 which commenced at 4.00 P.M. at Industrial Area, Dahod Road, Banswara-32700l (Rajasthan) and concluded at 5.30 PM. The following DirectorslKMPs were present:
- I. Shri. RL Toshniwal, Chairman and Whole Time Director
-
- Shri Rakesh Mehra, Vice-Chairman and Whole Time Director
-
- Shri P. Kumar, Independent Director (Chairman of Audit Committee, Nomination and Remuneration Committee & Stakeholder Relation Committee)
-
- Dr. S. B. Agarwal, Independent Director
-
- Shri J.M. Mehta, Independent Director
-
- Srnt. Vaijayanti Pandit, Independent Director
-
- Shri J.K. Jain, Joint President & Chief Financial Officer
-
- Shri H.P. Kharwal, Company Secretary
Further, following persons were present "In Attendance":
- I. Shri K.G. Somani representing Mis K G. Somani & Co., Chartered Accountant, Statutory Auditors
-
- Shri Vikas Mehta, representing Mis V.M. & Associates, Practicing Company Secretaries, Secretarial Auditors and Scrutinizer.
Members Present:
Total 46 Members were present in person representing 2344752 shares and 8 members were present by proxy representing 450 shares.
Shri J.K. Jain, Joint President & Chief Financial Officer ofthe Company welcomed to Members ofBoard, Statutory Auditors, Secretarial Auditors and Shareholders ofthe Company,
Shri R.L. Toshniwal, Chairman of the Company chaired the meeting. The Company Secretary informed that the requisite quorum was present the Chairman called the meeting to order, delivered his speech and gave overview ofthe financial performance ofthe Company for the financial year ended 31" March, 2018 and its future outlook.
The Chairman explained that Shri Ravindra Kumar Toshniwal,Managing Director Shri Shaleen Toshniwal, Whole Time Director and Shri Kamal Kishore Kacholia, Shri Vijay Mehta, Shri D.P. Garg and Shri Vijay Kumar Agarwal, Directors who were not able to attend the Meeting due to their pre-occupancy.
He stated that the Annual Report for the year 2017-18 had been sent to the members bye-mail whose email Ids were registered with the Company/Depositories Participant(s) I Registrar and Share Transfer Agent of the Company for communication purpose and physical copy were sent to those who had not registered their email addresses with the Company or Depositories Participant(s) IRegistrar and Share Transfer Agent ofthe Company. The Annual Report along with the various Statutory Registers include Director's Register,.-.,..,._ Directors shareholding Register, Minutes Books and Proxy Register were available for inspection duri SYIV7',;; the course ofthe Meeting. :r . +-
:? BAI' 'Il, '»: (j i ',1;'-" The Company Secretary informed the members that the facility of remote e-voting for the members to their votes electronically on the resolutions as set out in the Notice of 42nd AGM were made available fr e" ".'" I BJ\NSWARA SYNTEX UMITEO
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9:00 AM on 20ili September, 2018 till 5:00 PM on 23m September, 2018. The Chairman explained the implications of the resolutions in detail to the members and informed that the facility for voting through physical ballot had also been provided at the AGM venue for all members who had not cast their vote electronically.
TheChairman then invited the members to express their views, give suggestions and make inquiries on the nperations and financial performers of the company and related matters. The chairman responded to all the queries raised bymembers satisfactoriIy.
The Company Secretary informed that Mr. Manoj Maheshwari, representative of MisV.M. & Associates. Practicing Company Secretaries (FCS-3355) was appointed as the scrutinizer by the Board of Directors to scrutinize the process ofremotee-votingandphysical ballotatAGM in a fair and transparent manner.
The following resolutions set out in the Notice convening the 42'" AGM were put before members. Hems of the business as per the Notice ofthe Annual General Meeting dated 13'h August, 2018, were transacted at the meeting:
| Item | Agenda Items | Resolution Type |
|---|---|---|
| No. | ||
| 1 | of of Adoption the Audited Financial Statements Company (both standalone and consolidated) together with Board's Report and also the Auditors Report thereon for the financial year ended March 31,2018 |
Ordinary Resolution |
| 2 | iDeclaration of the payment of dividend for the year 2017-18 @ 1.00 per Equity Shares offace valueRs. 10/-each |
Ordinary Resolution |
| 3 | Appointment of Shri Rakesh Mehra (holding DIN: 00467321) who retires by rotation and is eligible, offers himself for re-appointment |
Ordinary Resolution |
| " | of Confirmed the payment Remuneration to the Cost Auditors for the Financial Year 2018- I9 |
Ordinary Resolution |
| 5 | Re-appointment of Shri Kamal Kishore Kacholia as an Independent Director | Special Resolution |
| 6 | Re-appointment of Shri P. Kumar as an Independent Director |
Special Resolution |
| 7 | Re-appointment of Shri D.P. Garg as an Independent Director | Special Resolution |
| 8 | Re-appointment of Shri Vijay Mehta as an Independent Director |
Special Resolution |
| 9 | Re-appointment of Dr. S. B. Agarwal as an Independent Director |
Special Resolution |
| 10. | Re-appointment of Shri Vijay Kumar Agarwal as an Independent Director |
Special Resolution |
The Chairman requested to the Members to cast their vote through Ballot paper for above mentioned Resolutions, the Members casted the votes and thereafter the Ballot Boxes was closed and sealed.
nANSWARA SYNTEX l.JM1'l'£O COlWORATJIOFlflCF, 5th Floor, (;bJJ;t1llhnwiul, 19!J, poucess Srrecr. MUlllbai ,wo002- 'I'd; +912266336571-76 11~ilx; +9122" 22[}i!'I,1UG Email:inf(J(rb<llt~\';uiJlllbrkli.,nml
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The Company Secretary informed that result of Remote E-Voting and polling at AGM would be declared within 48 hours from the conclusion of the meeting and the same would be submitted/ disclosed to the Stock Exchanges and also on the website of the company and CDSL.
The Chairman extended gratitude to all Shareholders for their presence and successfully conducting the meeting and declared the meeting closed.
(BANSWARA
Thereafter, the meeting ended with a vote of thanks to the chair.
Thanking You,
Yours faithfully For BANSWARA SYNTEX LIMITED
(H.P. KHARWAL) COMPANY SECRETARY & COMPLIAN QĘFICER
BANSWARA SYNTEX LIMITED CORPORATE OFFICE 5th Floor, Gopal Bhawan, 199, Princess Street, Mumhai - 400 002 Tel: +91 22 66336571-76 [Fax: +91 22 2206 4406 Email: [email protected]
REGISTERED OFFICE & MILLS
Industrial Area, Dahod Road, Banswara - 327 001 (Rojasthan) Tel: +91 2962 240690 - 93, 257676 - 81 Email: [email protected]
An IS / ISO 9001: 2008 Company | CIN : 1,24302RJ1976PLC001604 | www.banswarasyntex.com