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Banswara Syntex Ltd. AGM Information 2020
61853_rns_2020-09-18_ba2b31ec-171f-4622-a1a5-5f81375ec1a8.pdf
AGM Information
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BSL/SEC/20
BSE Limited
Listing Deptt.
Dalal Street
Floor 25, P.J. Towers
MUMBAI-400001
Scrip Code No.503722
18th September, 2020
National Stock Exchange of India Ltd. Listing Department Exchange Plaza Bandra-Kurla Complex Bandra (East), MUMBAI - 400 051
Symbol" BANSWRAS"
Sub; Compliance under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015- Summary of the Proceedings of 44th Annual General Meeting (AGM) of the Company held on 18th September, 2020.
Dear Sir,
This is to inform you that the $44th$ AGM of the Company was held on $18th$ September, 2020 through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM') in compliance with and as per circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India.. We hereby submit Summary of the proceedings of the 44th AGM of the Company held on 18th September, 2020 at 11:30 A.M. and same is enclosed herewith.
Thanking You,
Yours Faithfully For BANSWARA SYNTEX LIMITERY
(H.P. KHARWAL) COMPANY SECRETARY AND VCE OFFICER (Membership: - A28614)
BANSWAR
Encl: a/a
BANSWARA SYNTEX LIMITED CORPORATE OFFICE 5th Floor, Gopal Bhawan, 199, Princess Street, Mumbai - 400 002 Tel: +91 22 66336571-76 | Fax: +91 22 2206 4486 Email: [email protected]
REGISTERED OFFICE & MILLS Industrial Area, Dahod Road, Banswara - 327 001 (Rajasthan) Tel: +91 2962 240690 - 93, 257676 - 81 Email: [email protected]
An IS / ISO 9001: 2008 Company | CIN: L24302RJ1976PLC001684 | www.banswarasyntex.com
Summary of proceedings of the 44th Annual Gen e.-al Meeting
The 44th Annual Gene ral Meeting (AGM) of the members of Banswara Syntex Limited (the compa ny) was held on Friday, 18th September, 2020 which commenced at n.30 A.M throu gh Video Confere nci ng("VC")/Other Aud io Visua l Means ("OAVM"), as permitted by the Ministry of Corpora te Affairs vide Circular No. 20/ 2020 da ted 5th May 2020 read with Circular No. No. 14/2020 dated 81h April 2020 and Circu lar No . 17/ 2020 dated 13th April 2020 and & SEBI vide Circular dated 12th May 2020 in view of COVID-19 pandemic. The Meeting concluded at 12.31 PM.
The meeting was chaired by Shri Rakesh Mehra, Chairman and Whol e Time Director. All the Directors including Chairman of Audit Committee, Stakeholders Relationship Committee and omination & Remuneration Committee joined the meeting except Shri D.P. Garg, Dr. S.B. Agarwal, Shri Vijay Kumar Agarwal and Shri Kamal Kishore Kacholia who could not joined due to preoccupation. The Statutory Auditors, Secretarial Auditors, Scrutinizer, Joint President & Chief Fina ncia l Officer and Company Secretary also joined the meeting.
The Chairman welcom ed shareholde rs who have join ed the 44th Annual Gene ral Meeting of the Company on virtual platform. 55 (Fifty Two) member have joined the meeting. In view of MCA circular the facility to appoint proxy to attend and cast vote for the members was not provided for the AGM. After ascertain ing that the requi site quorum for the meeting as per Compani es Act, 2013 has joined the meeting, the Cha irma n called the meeting to order. The Chairman introduced all the Direc tors, Statu tory Auditors, Secretar ial Audi tors and Scru tinizer, Chief Financial Officer and Company Secretary who have joined the meeting on virtual platform and thereafter delivered his speech. In speech, he eavp an ovprvipw of financial pprformnnce of the Company for the year ended 31st March, 2020 and future outlook of the Company.
With the permission of the Members, the Notice of the meeting and Annual Repo rt 2019-20 were taken as read and also members were informed that the Auditor's Report & Secretarial Audit Report do not contain any qualification, observation or adverse remark except one observation of Secretarial Audi tors for filing some E-forms of IEPF and therefore with the concurrence of sharehol ders we re taken as read. The Chai rma n info rmed the Members that the Company had provide d the facility to cast their votes electronically on all 5 (five) resolutions set forth in the Notice. Members, who were pr esent at the AGM and had not cas t their votes electronically, only were entitled to cast their votes by e-voting.
The following resolutions se t ou t in the No tice conve ning the 44thAGM we re put before members. Items of the business as per the Notice of the Annual General Meeting dated 12th August 2020, were transacted at the meeting:
| Item No. |
Agen | Items da |
Resolution Type |
|---|---|---|---|
| 1 | . Adoption of the Audited Standalone for the financial year ended 31st March, 2020 Board of Directors and Auditors thereon, |
Ordinary Resolution |
|
| Aud ited | Consolida ted Financial Statements of the |
||
| B;\ NSWAIt ,\ SYNTEX I.1MITED COUPOUAr 1i nrncn 5 th I·l oor, (101",111I1:,,«;' ", 199,l'Iinrcss StIC"', ~1\l lII • ·\OOUIl2 ' I: . 9 1 2266'136571·76 1F",'<: .9 122 2206 ·1·186 Ernuil ; In(o b.mal a r;.b rlcliocom |
IlEl jl 1>'T1ilUm OI'I'IGI; & MILLS lndustrin! Area , D.lhod 1I0.d.llnr"'\'lIm . 32 7011 1 (Ilaj."lh. III Tel : .91 2962 2·10090 ·93,257676 · 8 1 Email: Inloha.m••u ala btl .co m |
, LQ·I .AI"M·'; . |
www.banswara•..I" lc;c.con. An IS 1 150 001I1 ::008 r.ump.,ny I crx . L2UO'!II/l976PLCIlO I(i8.1
BANSWARA
| Company for the financial year ended 31 st March, 2020 and Auditors' report thereon |
||
|---|---|---|
| Confirmation of the payment of Interim dividend for the year [email protected]$ per Equity Shares of face value Rs. 10/-each |
||
| 3 | Appointment of Shri Rakesh Mehra, Whole Time Director (DIN: 00467321), who retires by rotation and, being eligible, offers himself for re-appointment |
|
| Confirmed the payment of Remuneration to the Cost Auditors for the Financial Year 2020-21. |
||
| 5 | Appointment of Mr. David Vlerick (DIN: 07679476) as an Independent Director. |
Ordinary Resolution |
Thereafter, the Chairman invited queries & gave opportunity to shareholders who have registered as speaker and queries of shareholders were addressed satisfactory by the Chairman and Shri Ravindra Kumar Toshniwal, Managing Director with the permission of Chairman.
Thereafter, the Jt. President & CFO informed that the combined results of "remote e-voting" and "evoting" at the AGM on each of the resolution shall be declared within 48 hours from conclusion of the meeting on receipt of Scrutinizer's Report and the results along with Scrutinizer's Report shall be placed at the website of the Stock Exchanges, CDSL and also at the website of the Company simultaneously.
The Chairman extended gratitude to all the Directors, Auditors and Shareholders for attending the Meeting on virtual platform and declared conclusion of proceedings of the meeting.
Thereafter, Dr. Vaijayanti Pandit, Independent Director of the Company extended vote of thank to the Chair for conducting the meeting in a very smooth manner
EANSWAR
Thanking You,
Yours faithfully For BANSWARA SYNTEX LIMITED
(H.P. KHARWAL) COMPANY SECRETARY &COMPLIAN (Membership: - A28614)
BANSWARA SYNTEX LIMITED CORPORATE OFFICE 5th Floor, Gopal Bhawan, 199, Princess Street, Mumbai - 400 002 Tel: +91 22 66336571-76 | Fax: +91 22 2206 4486
REGISTERED OFFICE & MILLS Industrial Area, Dahod Road, Banswara - 327 001 (Rajasthan). Tel: +91 2962 240690 - 93, 257676 - 81 Email: [email protected]
Ernail: [email protected]
An 18 / ISO 9001: 2008 Company | CIN: L24302RJ1976PLC001684 | www.banswarasyntex.com