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Greenlam Industries Ltd AGM Information 2018
61622_rns_2018-08-28_1244639e-4694-40fa-b977-ef106738cf79.pdf
AGM Information
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Greenlam/2018-19 August 28, 2018
The Manager, BSE Limited Department of Corporate Services Floor 25, P.J. Towers, Dalal Street Mumbai-400 001 Fax No. 022-2272-3121/1278/1557 /3354 Email: [email protected]
The Manager, National Stock Exchange of India Ltd. Exchange Plaza, BandraKurlaComplex, Bandra (E), Mumbai-400 051 Fax No. 022-2659-8237 /8238/8347 /8348 Email : [email protected]
BSE Scrip Code: 538979
NSE Symbol: GREENLAM
SUB: Intimation with regard to the Proceedings of 5th Annual General Meeting of Greenlam Industries Limited (the "Company") in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/ Madam,
With reference to the aforesaid subject, please take note of the following:-
1. Date of the Meeting
The 5th Annual General Meeting ("AGM") of the Company was scheduled to be held on Tuesday, August 28, 2018 at 10.15 A.M. at the Registered Office of the Company i.e. Makum Road, Tinsukia, Assam-786125. Accordingly, the AGM commenced today, being the date of the AGM on the scheduled time mentioned above and concluded at 11.00 A.M.
2. Brief details of items deliberated and results thereof
2.1 Brief summary of the proceedings and the details of items deliberated
In accordance with the Article 140 of the Articles of Association of the Company, Mr. Shiv Prakash Mittal, Non-Executive Chairman of the Company took the Chair and welcomed all the Members and Directors present at the AGM. All the Directors of the Company attended the Meeting except Ms. Parul Mittal, Whole-time Director of the Company who conveyed her inability to attend the meeting owing to preoccupation. After ascertaining the requisite quorum, the Chairman called the Meeting to order. Thirty-nine (39) members in aggregate including corporate representatives were present in person. The Chairman then delivered his speech. The relevant registers and documents as required under the applicable laws were produced at the commencement of the Meeting and kept open and accessible during the continuance of the Meeting by the Members and other persons entitled to attend the Meeting. The Chairman intimated t hat the Reports of the Statutory Auditor and the Secretarial Auditor of the Company did not contain any qualification, observations or comments on any financial transactions or matters which have any adverse effect on the functioning of the Company. The following items of business as set out in the Notice convening the 5th AGM were recommended for members' consideration and approval:
Grecnlam Industries Limited 15C • 1505. N~ram Mdnz•I ('3. Barak'larT'ba Road, 'IJew Delhi 11 OGD1 India
Tel •91 011 421913! '9 Fdx +9 "111 4279133G El"lall ,nfor,..gre_nlam.cori
Registered Office . Makum Roa,!. r,nsu• a. Assorr 780 • 25 C. rporatc lcent,ty N1,rrber L21:16AS2013P~CC'11o24
2.1.1 Ordinary Businesses
- a) Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2018, the Audited Consolidated Financial Statements of the Company for the said financial year and the Reports of the Board of Directors and Auditors thereon;
- b) Declaration of Dividend of Rs. 2.50/- per share on 2,41,36,374 (Two Crore Forty One Lakh Thirty Six Thousand Three Hundred Seventy Four) Equity Shares of Rs. 5/- each of the Company for the financial year ended March 31, 2018;
- c) Appointment of director in place of Mr. Saurabh Mittal (DIN: 00273917) who retires by rotation at this Annual General meeting and being eligible, offers himself for reappointment;
- d) Fixing the remuneration of Statutory of the Company for the financial year ended March 31, 2019.
2.1.2 Special Businesses
- a) Alteration of the Memorandum of Association of the Company in order to align it with the provision of the Companies Act, 2013 and also detailing the main object of the Company.
- b) Approval for the payment of Remuneration (including any fees or compensation payable) to the all Executive-Promoter Directors as per their existing terms of appointment, notwithstanding their aggregate annual remuneration exceeds 5 percent of the net profits of the Company.
The Members were informed that Mr. Shiv Prakash Mittal, Chairman of the Meeting was interested in the agenda mentioned at Item No. 3 and 6 of the Notice of 5th AGM.
The Members present were given the opportunity to ask questions and seek clarifications. The Chairman provided clarifications to the queries raised by the Members.
2.2 Result of the items deliberated
The Chairman informed the members that Mr. Dilip Kumar Sarawagi, Practicing Company Secretary was appointed as Scrutinizer for the purpose of scrutinizing the poll at the meeting and remote e-voting process.
The detailed result of the voting at the aforesaid Meeting along with the Scrutinizer's Report pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 will be submitted with the Stock Exchange(s) once the same is obtained by the Company from aforesaid Scrutinizer.
3. Manner of approval proposed for the aforesaid items
The Company, in compliance with Section 108 of Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration Amendment Rules, 2015 and Regulation 44 of
Registered Office Corporotc. Identity Number L21~16AS2013PlCC'1624
Greenlam Industries l.Jmrted • 5L 1 • 5C5. Narr'on Manzo!. 23. Baro~harnba Road, New De•ho 110001. Jnd,a
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SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, had provided remote e-voting facility to all its Members to cast their vote electronically. Members who were present in the AGM, either in person or through proxy, and who did not cast their vote by remote evoting were given the facility to cast their vote through Poll.
This is for your information and records.
Kindly acknowledge receipt.
Thanking You, Yours faithfully, For GREENLAM INDUSTRIES LIMITED
PRAKASH KUMAR BISWAL COMPANY SECRETARY & VICE PRESIDENT - LEGAL
Greenlam Industries Limited 1501 - 1505, Narain Manzil, 23, Barakhamba Road, New Delhi - 110001, India
Tel: +91-011-42791399 Fax: +91-011-42791330 Email: [email protected]
Registered Office : Makum Road, Tinsukia, Assam - 786125 Corporate Identity Number: L21016AS2013PLC011624