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PTC India Ltd — AGM Information 2023
Sep 27, 2023
62464_rns_2023-09-27_eb34ff66-6ac5-4384-a37d-78a41f2aeb34.pdf
AGM Information
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Dated: 27[th] September, 2023
To
Listing Deptt. / Deptt. of Corporate Relations, The Bombay Stock Exchange Limited,
Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, Fax- 022-22722037/ 39/41/61/3121/22723719 Scrip Code: 532524
Listing Deptt. National Stock Exchange of India Limited
Exchange Plaza, C-1, Block G, Bandra – Kurla Complex, Bandra (E), Mumbai -51 Fax-022-26598237/ 38 - 022-26598347/ 48
Company Code: PTC
Sub.: Compliance under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Sir/Madam,
In compliance with the provisions of the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing proceedings of 24[th] Annual General Meeting of the Company held on 27[th] September, 2023 at 12:30 PM through video conferencing/ other audio-visual means.
This is for your record and information.
Thanking You,
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Encl: As above
PTC India Limited
(Formerly known as Power Trading Corporation of India Limited) CIN : L40105DL1999PLC099328 2nd Floor, NBCC Tower, 15 Bhikaji Cama Place New Delhi - 110 066 Tel: 011- 41659500.41595100, 46484200, Fax: 011-41659144 E-mail: [email protected] Website: www.ptcindia.com,
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SUMMARY OF PROCEEDINGS OF 24[th] ANNUAL GENERAL MEETING OF PTC INDIA LIMITED HELD ON WEDNESDAY, SEPTEMBER 27, 2023, AT 12:30 P.M.
24[th] Annual General Meeting of the Company was held on Wednesday, 27[th] September, 2023 at 12:30 P.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in line with the circulars issued by SEBI and Ministry of Corporate Affairs in this regard.
Dr. Rajib Kumar Mishra, Chairman & Managing Director (CMD) chaired the meeting. Meeting was attended by all the Directors on the Board of the Company except one Director Smt. Sangeeta Kaushik. Chairman of Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee were present.
Representative of Statutory Auditors, Secretarial Auditor and Scrutinizer were also present.
185 Members were present.
The requisite quorum being present, the CMD called the meeting in order. The CMD then delivered his speech.
Company Secretary informed the Members that pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules 2014, the Company has offered remote e-voting facility to its Members to exercise their right to vote by electronic means from Sunday, 24[th] September, 2023 at 9:00 A.M. (IST) to Tuesday, 26[th] September, 2023 at 5:00 P.M (IST).
The Board of Directors had appointed Shri Ashish Kapoor, Practicing Company Secretary as the Scrutinizer to scrutinize the remote e-voting process as well as e-voting at the AGM.
The Company Secretary explained the items of business enlisted in the AGM Notice dated 1[st] September, 2023 which were as under:
| Item No in the Notice |
Subject | Resolution (Ordinary/Special) |
|---|---|---|
| ORDINARY BUSINESS | ||
| 1 | To receive, consider and adopt the (a) Audited Standalone Financial Statements of the Company for the year ended 31st March 2023, together with Board’s Report and report of Auditors thereon and(b)Audited Consolidated Financial |
Ordinary |
PTC India Limited
(Formerly known as Power Trading Corporation of India Limited) CIN : L40105DL1999PLC099328
2nd Floor, NBCC Tower, 15 Bhikaji Cama Place New Delhi - 110 066 Tel: 011- 41659500, 41595100, 46484200, Fax: 011-41659144 E-mail: [email protected] Website: www.ptcindia.com
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| Statements of the Company for the year ended 31stMarch 2023 and report of Auditors thereon. |
||
|---|---|---|
| 2 | To consider declaration of final dividend for the Financial Year 2022-23. |
Ordinary |
| 3 | To appoint a director in place of Ms. Sangeeta Kaushik (DIN:09157948) who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment. |
Ordinary |
| SPECIAL BUSINESS | ||
| 4 | To appoint Shri Rajiv Ranjan Jha (DIN: 03523954) as Non- Executive Nominee Director |
Ordinary |
The Chairman responded to the questions raised by the speaker shareholders.
Those members who could not exercise their vote through remote e-voting process, were provided the facility to vote during the Annual General Meeting.
Facility for e-voting remained open for 15 minutes after the conclusion of the meeting to enable the members to cast their vote.
Company Secretary further informed that the result of the voting would be hosted on website of the Company, NSDL and both the stock Exchanges within the statutory time limit.
The meeting concluded at 01:20 P.M.
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PTC India Limited
(Formerly known as Power Trading Corporation of India Limited) CIN : L40105DL1999PLC099328 2nd Floor, NBCC Tower, 15 Bhikaji Cama Place New Delhi - 110 066 Tel: 011- 41659500, 41595100, 46484200, Fax: 011-41659144 E-mail: [email protected] Website: www.ptcindia.com