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Nilkanth Engineering Ltd. AGM Information 2023
63708_rns_2023-09-28_0492cbd8-766d-4cec-8e56-064d917c8989.pdf
AGM Information
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NILKANTH ENGINEERING LIMITED
CIN NO: L27300MH1983PLC029360
Regd. Office: 407, Kalbadevi Road, Daulat Bhawan, 3rdFloor, Mumbai - 400 002 Tel.: 2200 0630, Email : [email protected] Website : www.nilkanthengineering.co.in
September 27, 2023
BSE Limited
P. J. Tower, Dalal Street, Fort, Mumbai 400 001
Scrip Code : 512004
Dear Sir I Madam,
Sub : Proceeding of Fortieth ( 40th ) Annual General Meeting of the Members of the Company held on Wednesday, 27th September, 2023
The 4Qth Annual General Meeting of the members of Nilkath Engineering Limited held at the Registered Office of the Company situated at 407, Kalbadevi Road, 3rd Floor, Daulat Bhavan, Mumbai 400 002 at 4.30 pm to transact the business contained in the Notice dated August 30, 2023:
In this connection, please find enclosed as Annexure I, the summary of the AGM of the Company pursuant to Regulation 30 read with Para A Schedule Ill of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.
Kindly take the aforesaid on record and acknowledge the receipt of the same
Thanking you.
Yours faithfully, For NILKANTH ENGINEERING LIMITED
G. M. Loyalka Director (DIN-00299416)
Annexure - I
Summary of the Proceeding of 401h Annual General Meeting of the Members of NILKANTH ENGINEERING LIMITED ("the Company")
The 401h Annual General Meeting of the members of Nilkanth Engineering Limited held at the Registered Office of the Company situated at 407, Kalbadevi Road, 3rd Floor, Daul at Bhavan, Mumbai 400 002 on Wednesday, the 27th September, 2023 at 4 30 pm :
Mr. Nitin Agrawal, Managing Director of the Company Chaired the AGM.
The Chairman after ascertaining that the requisite quorum was present, welcomed the members and declare that the Meeting was validly constituted and commenced the proceeding of the Meeting.
The following Directors were present at the AGM :
| a) | G. M. Loyalka Mr. |
Director |
|---|---|---|
| b) | Rajshree Tapuriah Mrs. |
Director |
| c) | Mr. Anil V. Londhe |
CFO |
| d) | Ms. Shruti Didwania |
Company Secretary |
The Chairman then delivered his speech to the Shareholders about the Management is taking all necessary measures in terms of mitigating the impact of the challenges being faced in the business. The Management is focused on controlling cost, maintaining liquidity and closely monitoring to the operation. The Chairman informed that the Company has not faced any material adversity of its financial position and considering the other relevant facts and circumstances existing, the Company does not anticipate any material uncertainty which affects its liquidity position. The Management make optimum uses of available fund resources by way of lending to Corporate and long term investment.
The Chairman with the consent of the Members the Notice convening this Meeting and the Directors Report forming the part of the Annual Report for FY 2022-23 was taken as read
The Chairman stated that Statutory Auditors Report on the Financial Statements for the financial year ended March 31, 2023 did not contain any qualifications, observations, adverse comments, reservations or remarks and thus they are not required to be read at the meeting. With the permission of the Members, it was taken as read
The Chairman then requested the member present at the meeting about the questions on the financial statement for the FY 2022-23. The Chairman noted that none of the shareholders raised any questions and hence the Chairman declared that there were no queries from any shareholders.
The Company Secretary informed that the Company has entered into an agreement with National Securities Depository Limited (NSDL) for facilitating e-voting to enable the Shareholders of the Company to cast their votes electronically and Remote e-voting facility was given to the shareholder and e-voting period commenced from 9.00 a.m. on Sunday, 24th September, 2023 and will close at 5.00 pm on Tuesday, 25th September, 2023 and the Members present at the meeting can vote through Ballot Paper given to them. Further the Company Secretary informed that the e-voting procedure has been mentioned in the Notice convening this Annual General Meeting and e-voting facility is available at the link • € 'c ,, , i o .
The Company Secretary informed the Members present at the Board Meeting held on 301n August, 2023 Mr. Girish Murarka, practicing Company Secretary had been appointed as the Scrutinizer to supervise the remote e-voting and e-voting process during AGM
The Chairman took up the resolution as set forth in the Notice convening the AGM
The following items of business were put to vote by remote e-voting and voting during AGM.
- a) To consider and adopt the Audited Financial Statements including audited consolidated financial statements of the Company for the financial year ended March 31, 2023, together with the reports of the Board of Directors and the Auditors thereon
- b) To appoint Director in place Mr. Nitin Agrawal (DIN 08186528) who retire by rotation at this Annual General Meeting and being eligible, ofter himself for re-appointment.
- c) To re-appoint Mr. Nitin Agrawal (DIN-08180938) as Managing Director for further period of 5 (Five) year with effect from 151August, 2023.
The Chairman had authorized Ms. Shruti Didwania, Company Secretary to receive the Scrutinizer's Report on voting for the AGM and to do all such acts in relation to declaration of voting results and further the results would be announced within prescribed time to the Stock Exchange as well as disseminated on the website of the Company along with Scrutinizers Report.
The Chairman then thanked the Shareholders. for attending and participating in the meeting and declared the meeting as closed.
The AGM ended at 6.00 pm with vote of thanks to the Chair.
For Nilkanth Engineering Limited
er. '-- . ? 'J (' - G. M. Loyalka
Director (DIN-00299416)
