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Entertainment Network (India) Ltd — AGM Information 2021
Sep 29, 2021
60835_rns_2021-09-29_d6d56674-d66e-4fe6-b3da-8222d7eb7700.pdf
AGM Information
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entertainment network (India) limited
Corporate Office : 14[th] Floor, Trade World, D-Wing, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6753 6983.
September 29, 2021
| BSE Limited, Rotunda Building, P. J. Towers, Dalal Street, Fort, Mumbai- 400001 |
National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra(East),Mumbai – 400051 |
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BSE Scrip Code: 532700/ Symbol: ENIL Summary of the proceedings of the Annual General Meeting
Dear Sir/Madam,
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(a) CIN: L92140MH1999PLC120516
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(b) GLN: Not Applicable
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(a) Name of the Company: ENTERTAINMENT NETWORK (INDIA) LIMITED
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(b) Registered office address: 4[th] Floor, Matulya Centre, A wing, S. B. Marg, Lower Parel (West), Mumbai, Maharashtra, India, 400013.
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(c) E-mail ID: [email protected]
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Details of the meeting:
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(i) the day, date, hour and venue of the annual general meeting (AGM): Tuesday, September 28, 2021 at 3.00 p.m. through Video Conference (‘VC’) / Other Audio Visual Means (‘OAVM’), to transact the following business. The venue of the meeting was deemed to be the Registered Office of the Company at ‘A’ Wing, 4[th] Floor, Matulya Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, India. AGM was concluded at 4.07 p.m. after being open for fifteen minutes for e-voting at AGM to be completed.
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(ii) confirmation with respect to appointment of Chairman of the meeting: The Company has complied with the relevant provisions of the Companies Act, 2013 (‘the Act’) and Mr. Vineet Jain (Non - Executive Chairman) took the chair of the meeting.
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(iii) number of members attending the meeting: 45 Members were present at the AGM through VC.
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(iv) confirmation of quorum: yes, requisite quorum was present
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(v) confirmation with respect to compliance of the Act and the Rules, secretarial standards made there under with respect to calling, convening and conducting the meeting: Yes, complied with - to the extent applicable. The Chairman confirmed that all efforts feasible under the circumstances had indeed been made by the Company to enable members to participate and vote on the items
Registered Office : ‘A’ Wing, 4[th] Floor, Matulya Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6662 0600. Fax: 022 6661 5030. E-mail: [email protected] www.enil.co.in Corporate Identity Number: L92140MH1999PLC120516
entertainment network (India) limited
Corporate Office : 14[th] Floor, Trade World, D-Wing, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6753 6983.
being considered at the AGM. The Company has complied with all the applicable provisions of the Companies Act, 2013, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars issued by the Ministry of Corporate Affairs and SEBI relating to the AGM.
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(vi) business transacted at the meeting and result thereof: details will be furnished separately.
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(vii) particulars with respect to any adjournment, postponement of meeting, change in venue: None.
(viii) any other points relevant for inclusion in the report: None.
- Details of the meeting: fair summary of the proceedings of the meeting: Mr. Vineet Jain, Chairman & Non-Executive Director took the Chair. All the directors were present at the AGM and participated through VC.
All the statutory registers, relevant documents, Auditors’ Report, Secretarial Audit Report, etc. as prescribed under the Companies Act, 2013 were available and kept open for inspection by the Members.
Secretarial Auditor - Mr. Hemanshu Kapadia (Practicing Company Secretary & proprietor of M/s. Hemanshu Kapadia & Associates), C.P. No.: 2285, Membership No.: F3477 and Statutory Auditor- S. R. Batliboi & Associates LLP, Chartered Accountants (ICAI Firm Registration number - 101049W/ E300004) represented by their partner Mr. Govind Ahuja were present at the AGM through VC.
The requisite quorum being present, the Chairman declared the meeting in order. The Chairman briefed the Members about the relevant provisions of the Companies Act, 2013 and the rules thereto and the procedure of the AGM.
Notice of the AGM and Auditors’ Report were taken as read. The Audit Report and Secretarial Audit Report of the Company did not contain any qualification, reservation or adverse remark.
The Chairman explained the objective and implications of all the Resolutions before they were put to vote at the Meeting.
The Chairman also provided a fair opportunity to the Members of the Company who were entitled to vote to seek clarifications and/or offer comments related to the items of business and same were adequately addressed.
As per Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and other applicable provisions of the Companies Act, 2013, the Company had provided to its members the facility to cast their votes by electronic means on all the resolutions as stated in the Notice convening 22[nd] AGM. Since voting by show of hands was not permissible as per the Companies
Registered Office : ‘A’ Wing, 4[th] Floor, Matulya Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6662 0600. Fax: 022 6661 5030. E-mail: [email protected] www.enil.co.in Corporate Identity Number: L92140MH1999PLC120516
entertainment network (India) limited
Corporate Office : 14[th] Floor, Trade World, D-Wing, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6753 6983.
Act, 2013, at the 22[nd] AGM the Chairman ordered for a poll for the voting on all the resolutions and voting for the poll was conducted by electronic means (Insta Poll). As per the Companies Act, 2013, Members who have already voted through Remote E- voting, did not vote on Poll at the AGM.
The Board of Directors had appointed Mr. Hemanshu Kapadia, Practicing Company Secretary (Membership No: F3477) - proprietor of M/s. Hemanshu Kapadia & Associates, as a Scrutinizer to scrutinize the Remote E-voting process in a fair and transparent manner. The Chairman appointed Mr. Hemanshu Kapadia, Practicing Company Secretary (Membership No: F3477) - proprietor of M/s. Hemanshu Kapadia & Associates and Mrs. Pooja Jain, Member of the Company as the Scrutinizers to conduct the Poll process at the 22[nd] AGM in a fair and transparent manner.
The Scrutinizers issued Scrutinizers’ Report on the Remote E-voting and on the Electronic Poll / Insta Poll taken at the AGM on all the resolutions contained in the notice of the 22[nd] AGM of the Company. Report of Scrutinizers was furnished on September 29, 2021.
Mode of voting for all the resolutions at the 22[nd] AGM: Remote E-voting was conducted between Thursday, September 23, 2021 (9:00 a.m. IST) and Monday, September 27, 2021 (5:00 p.m. IST) and E-poll (Insta Poll) was taken at the AGM.
As per the Scrutinizers’ Report, all the resolutions as set out in the Notice of the 22[nd] AGM have been duly approved by the Members of the Company with requisite majority.
| Resolution No. |
Brief description of resolutions (Kindly refer to the AGM notice for complete resolutions) |
Outcome of voting |
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| 1 | Ordinary Resolution: Adoption of the audited financial statements (including audited consolidated financial statements) of the Company for the financial year ended March 31, 2021 and the Reports of the Board of Directors and Auditors thereon. |
Approved with requisite majority |
| 2 | Ordinary Resolution: To declare dividend on equity shares for the financial year ended March 31, 2021. |
Approved with requisite majority |
| 3 | Ordinary Resolution: Re-appointment of Mr. Subramanian Narayanan (Mr. N. Subramanian) (DIN: 03083775), as a Director, liable to retire by rotation. |
Approved with requisite majority |
| 4 | Ordinary Resolution: Ratification of remuneration payable to the Cost Auditors, M/s. R. Nanabhoy & Co., Cost Accountants (Firm registration number- 00010). |
Approved with requisite majority |
Registered Office : ‘A’ Wing, 4[th] Floor, Matulya Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6662 0600. Fax: 022 6661 5030. E-mail: [email protected] www.enil.co.in Corporate Identity Number: L92140MH1999PLC120516
entertainment network (India) limited
Corporate Office : 14[th] Floor, Trade World, D-Wing, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6753 6983.
| 5 | Special Resolution: Issue of non- convertible debentures, bonds, debt securities, etc. on private placement basis. |
Approved with requisite majority |
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| 6 | Special Resolution: Reappointment of Mr. Prashant Panday - Managing Director & CEO ((DIN: 02747925). |
Approved with requisite majority |
| 7 | Special Resolution: Payment of minimum remuneration to Mr. Subramanian Narayanan (Mr. N. Subramanian), Executive Director & Group CFO (DIN: 03083775), in case the Company has no profits or its profits are inadequate. |
Approved with requisite majority |
| 8 | Special Resolution: Payment of minimum remuneration to non – executive directors, in case the Company has no profits or its profits are inadequate. |
Approved with requisite majority |
Aforesaid Voting Results were declared on September 29, 2021 and posted on the website of the Company, www.enil.co.in.
For Entertainment Network (India) Limited
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Vineet Jain Chairman [DIN-00003962] Mumbai.
Registered Office : ‘A’ Wing, 4[th] Floor, Matulya Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, India. Tel: 022 6662 0600. Fax: 022 6661 5030. E-mail: [email protected] www.enil.co.in Corporate Identity Number: L92140MH1999PLC120516