Ridhi Synthetics Ltd. — Board/Management Information 2019

Sep 16, 2019

RIDHI SYNTHETICS LIMITED

Regd. Office: 11-B, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021 Tel. No. :022 61155300 / 61155200; Fax. No.: 022 22875197 CIN : L51900MH1981PLC025265

The Secretary, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Re : Script Code 504365 Sub : Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -Appointment of Director.

Dear Sir,

At the Meeting held today the Board inter alia :

• I. Approved the appointment of Mr. Pawan Shukla, as the Whole-Time Director of the Company, subject to approval of the shareholders of the Company, for a period of 5 years w.e.f 16.09.2019; (Redesignated from Non-Executive Director)
• 1. Took note of Resignation of Mr. Vijay Doshi, as the Whole-Time Director due to personal reasons and other commitments with immediate effect i.e. from 16.09.2019.
• 1. Took note of Resignation of Mr. Hiren Oza from the post of CEO with immediate effect i.e. from 16.09.2019.
• 1. Decided to seek the approval of the shareholders' approval pursuant to section 161 of the Companies Act, 2013 to the appointment of Mr. Pawan Shukla as a Director. Hence approved incorporating necessary changes in the Notice of the AGM.

The meeting of the Board of Directors commenced at 11.30 hrs. IST and ended on 12.00 hrs IST.

Kindly acknowledge receipt. Thanking You,

Yours Faithfully,

For RIDHI SYNTHETICS LIMITED

/hi PAWAN SHUKLA \'& -,* eyil

Wholetime Director '-<4:3F~,-- Encl : Copy of revised Notice of AGM. NOTICE is hereby given that the 38" Annual General Meeting of the members of the Company will be held on Saturday 28th September, 2019 at 1.00 p.m. at the registered office of the Company at 11-B, Mittal Tower, Nariman Point, Mumbai - 400 021 to transact the following business:

ORDINARY BUSINESS

• 1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2019 and the Profit and Loss Account for the year ended on that date together with the reports of Directors' and Auditors thereon.
• 1. To appoint Director in place of Ms. Deepa Bhavsar, (DIN no. 07167937) who retires by rotation and being eligible, offers herself for re-appointment.

SPECIAL BUSINESS

1. To consider and if thought fit, to pass the following resolution as on ORIDNARY RESOLUTION:

"RESOLVED THAT "RESOLVED THAT pursuant to the provisions contained in Sections 149,150, 152,160, 161 and all others applicable provisions, if any of the Companies Act, 2013 read with Schedule IV to the Companies Act, 2013 ("the Act") and the Companies (Appointment and Qualification of Directors) Rules, 2014, ("the Rules"), Regulations 17, 25 and all others applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulationsr') (including any statutory modification(s) or re-enactment(s) of the Act, the Rules and the Listing Regulations for the time being in force) and the Articles of Association of the Company, Mr. Pawan Shukla ( DIN 08559774) additional director, who will cease to hold office after the ensuing Annual General Meeting of the Company and, in respect of whom the Company has received a notice in writing proposing his candidature as a director, being eligible for appointment, be and is hereby approved for appointment as a director and also for continued appointment as an Whole Time Director of the Company, for a term of 5(five) years with effect from 16~ September, 2019 whose period of office shall not be liable to determination by retirement of directors by rotation so long he remains a whole time director."

For and behalf of the Board of Directors

Deepa Bhavsar Din : 07167937 (Director)

Place : Mumbai Date : 16.09.2019

Notes:

RIDHI SYNTHETICS LIMITED 38THANNUAL REPORT 2018-19 CIN : L51900MH1981PLC025265

• a) A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of himself/herself and the proxy need not be a member of the Company.
• b) The Register of members and the Share Transfer books of the Company will remain closed from 21sf September, 2019 to 28th September, 2019 00th days inclusive].
• c) This Notice is issued in supersession of Notice issued on 29.05.2019.
• d) Pursuant to section 152 of the companies Act, 2013, Ms Deepa Bhavsar (DIN No. 07167937), who retires by rotation and being eleigible offer shareholders for reappointment. She is not disqualified in terms ofsection 164 of the Companies Act, 2013.

ANNEXURE TO THE NOTICE

Statement pursuant to Section 102 ( 1) of the Comvanies Act, 2013.

Item No: 3:

It is proposed to appoint Mr. Pawan Shukla (DIN 08559774) as a Director of the Company. The Company has received a notice under Section 160 of the Companies Act, 2013 proposing his name as a Director together with requisite deposit. Mr. Pawan Shukla will get Salary not exceeding Rs. 1,13,000/- per month.

Mr. Shukla has over 20 years experience in the field. The Board is of opinion that The appointment of Mr. Shukla as a Whole-Time Director wiU be beneficial to the Company and recommends this resolution set out as Item No.3 of the accompanying Notice for approval of the members.

Other than Mr. Pawan Shukla, no other Director/ Key Managerial Personnel/ their relatives is in any way, considered concerned or interested, financially or otherwise in this resolution.

For and behalf of the Board of Directors

Deepa Bhavsar Din : 07167937 (Director)

Place : Mumbai Date : 16.09.2019

RIDHI SYNTHETICS LIMITED 38THANNUAL REPORT 2018-19 CIN : L51900MH1981PLC025265

Details of Diectors seeking re-appointment at the 33rd Annual General Meeting pursuant to Regulations 26[4) and 36[3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Name of Director	Pawan Shukla	Deepa Bhavsar
Age	47 years	46 years
Date of Appointment	16.09.2019	27/05/2015
Expertise in specific	He is Master of Computer	She is LLB and has over 20
/ 1 functional area		brief I Management and has over I vears of exoerience in the I
resume	20 Gars of experience in	field of ~egal matters, and
	the field of information	corporate accounts etc.
	technology, finance and
	corporate accounts etc.
Qualification	Master of Computer	LLB
	Management
No. of equity shares held in	None	None
the company
Directorship in other listed	NIL	Directorship :-
entities and membership of		Devinsu Trading Limited
committees of the Board		Punctual Trading Limited
		Satyam Silk Mills Limited
Directorship in other
unlisted entities and	NIL	NIL
membership/chairmanship
of committees of the board
Number of Meetings of the	NA.	NA.
Board attended during the
year		I
Relationship between	None	None
Director inter se, Manager
and other Key Managerial
Personnel.
Terms and conditions of re	As per resolution at item	As per resolution at item
appointment	no.3 of the Notice	no.2 of the Notice
	convening this meeting	convening this meeting read
	read with explanatory	with explanatory statement
	statement thereto, Mr.	thereto, Ms. Deepa Bhavsar
	Pawan Shukla is proposed	is proposed to be re
	to he appointed as the	appointed as the Director
	whole-~ike Director.	ritering by rotation.
Remuneration last drawn	NA	N A
Remuneration proposed to be paid	Rs.13,56,000/-	NA.
	08559774	07167937
DIN Category of directorship &	Executive director, non	Non-Executive director,
designation	promoter, non	non-promoter, non
	independent	independent