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Jindal Worldwide Ltd. AGM Information 2019
60781_rns_2019-09-28_8a75e7bc-33ed-4f52-9740-f713327b88b5.pdf
AGM Information
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Date: 28thSeptember, 2019
To,
National Stock Exchange of India Limited Exchange Plaza Plot no. C/1, G Block Bandra- Kuria Complex, Bandra (E) Mumbai - 400 051 NSE Company Code: JINDWORLD
The Bombay Stock Exchange Limited Listing Department Phiroz Jeejeebhoy Tower, 25th Floor, Dalai Street Mumbai —400 001 BSE Company Code: 531543
Ref:Company ISIN NO. : - INE247D01039
Subject: Proceedings of the 33' Annual General Meeting of the Company held on 27thSeptember, 2019
With reference to above and pursuant to Regulation 30, Part A of Schedule III of 5E131 (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that 33" Annual General Meeting of the Company was duly convened on 27thSeptember, 2019 at "206, Chikuwadi, Saijpur, Gopalpur, Ahmedabad 382445" at 04:30 P.M. and concluded at 6:10 P.M. All the Agenda items as mentioned in the notice was duly transacted and voted for.
In this regard, kindly find enclosed herewith the summary of the proceedings of the 33''Annual General Meeting of the Company as (Annexure- A).
A detailed report of voting results in compliance with the requirements of Regulation 44 of SI RI (LODR) Regulations, 2015, together with the consolidated report of the Scrutinizer shall be submitted separately and will also be updated on the Website of the Company .
You are requested to kindly take the above information on your records.
CS KIRAN GERYA (COMPANY SECRET OMPLIANCE OFFICER) THANKS & REGARDS FOR JINDAL WORL ITED
ENCL.- "AS ABOVE"
"Jindal Corporate House" Opp. D-mart, I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft. Ring Road, Satellite. Ahmedabad-380015. INDIA. Tel: 079-71001500 Email: [email protected] Website : www,jindaltextiles.com GIN L17110GJ1986PLC008942
ANNEXURE A
PROCEEDINGS OF 33rdANNUAL GENERAL MEETING (2018-2019)
| Day | Friday |
|---|---|
| Date | 27thSeptember, 2019 |
| Start Time | 04:30 P.M. |
| End Time | 06:10 P.M. |
| Venue | 206, Chikuwadi, Saijpur, Gopalpur, Ahmedabad - 382445 |
The 33'dAnnual General Meeting of the Company was duly convened on 27'hSeptember, 2019 at 206, Chikuwadi, Saijpur, Gopalpur, Ahmedabad - 382445 at 04:30 P.M.
The Company Secretary welcomed all the esteemed Shareholders, Directors & Promoters of the Company present at the meeting and introduced the other dignitaries of the Company sitting on dais. All the Directors except Mr. Rajesh Jain & Mr. Ashish Navnitlal Shah; were present at the Meeting.
Dr. Yamunadutt Agrawal was elected as chairman of the meeting and took the chair on request of Company Secretary with a warm welcome speech to shareholders and made his opening remarks with respect to the state of economy, the performance of the Company during the Financial Year 2018-2019 and prevailing business conditions in the Textile Industry.
The Chairman confirmed the compliance with the applicable provisions of the Companies Act, 2013 and rules made thereunder and applicable provision of the Secretarial Standards on General Meeting issued under Section 118(10) of the Companies Act, 2013 with respect to calling, convening and conducting the Annual General Meeting.
Further, pursuant to the provisions of Companies Act, 2013, the valid and requisite quorum being present; the meeting was called in order and the Company Secretary for and on behalf of Chairman declared the proceedings of the meeting to be commenced.
All the Statutory Registers as required under the Companies Act, 2013 were kept open and accessible for inspection at the venue of the meeting.
The Company Secretary informed all the shareholders about the E-Voting facility provided by the Company in detail alongwith the procedure of voting by poll with the guidance of CS Ashish Doshi, M/s. Spanj & Associates, Practicing Company Secretaries; duly appointed as Scrutinizer for Remote E-voting process and also the voting through poll at the meeting and further to submit the scrutinizer report on voting done.
The Company Secretary of the Company was requested by the Chairman to take up the Agenda items one by one. Thereafter the Company Secretary commenced the formal agenda of the notice of Annual General Meeting and with the Consent of the Members present, the Notice convening the meeting, the Directors' Report along with annexures thereto and the Financial Statements for the Financial Year ended 31E' March, 2019 were taken as read.
"Jindal Corporate House" Opp. D-mart, I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft. Ring Road, Satellite. Ahmedabad-380015. INDIA. Tel: 079-71001500 Email: sales@jindaltext les.com Websile : www.jindattextilescom GIN L17110GJ1986PLC008942
Thereafter, the following resolutions as set out in the Notice of 33`dAnnual General Meeting were proposed and seconded by the Members and were duly transacted at the meeting and voted for. Also the resolutions have been passed with the requisite majority.
| Item No. | Agenda Items | I, Resolution Type |
|---|---|---|
| 1 | adopt the Standalone &To consider andConsolidatedAuditedFinancialStatements of the Company for the Financial Year endedon 33' March, 2019together with the Reports of the Board of Directorsand Statutory Auditorsthereon. | Ordinary |
| 2 | To declare the final dividend @ 5% on Paid Up Equity ShareCapital (i.e Rs. 0.05paisa per equity share). | Ordinary |
| 3 | To appoint a Director in place of Mr. Rajesh Jain (DIN: 00209896), who retires byrotation and being eligible, offers himself for re-appointment. | Ordinary |
| 4 | Ratification of remuneration payable to M/s. K. V. Melwani & Associates, PracticingCost Accountants, Ahmedabad, Cost Auditors of the Company for Financial Year2019-2020. | Ordinary |
| 5 | To Re-appoint Mr. Vikram Oza (DIN: 01192552) as an Independent Director of theCompany. | Special |
| 6 | To Re-appoint Mr. Ashish Navnitlal Shah (DIN: 00089075) as an IndependentDirector of the Company. | Special |
| 7 | Independent Director ofTo Re-appoint Ms. Deepali Agrawal (DIN: 06935197) as anthe Company. | Special |
| 8 | To continue the directorship of Dr. Yamunadutt Agrawal (DIN: 00243192) as aafter attaining the ageNon-Executive Non- Independent Director of the Companyof 75 years during his tenure of directorship. | Special |
The Chairman then invited the Members to ask questions, if any, and/or otherwise offer their view/comments. The queries raised and suggestions made by Members in the Meeting were duly and satisfactorily replied by the Chairman and Directors present in the Meeting.
After the completion of Polling Process , the scrutinizer opened the ballot box and counted the votes polled on all the items and was asked to submit his report within the specified time prescribed in the Act; the same which will be placed on the website of the Company and Stock Exchanges.
The meeting was concluded with the VOTE OF THANKS to Chairman for chairing the meeting, and to the shareholders for being present in the meeting and for their continuous support, co-operation and confidence on the Company.
"Jindal Corporate House" Opp. D-mart, I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft. Ring Road, Satellite, Ahmedabad-380015 INDIA. Tel: 079-71001500 Email: [email protected] Website : www.jindaltextiles.com CIN L17110GJ1986PLC008942