AI assistant
S & S Power Switchgears Ltd. AGM Information 2019
64127_rns_2019-08-23_5876d564-6a84-429a-a739-f50394585ae9.pdf
AGM Information
Open in viewerOpens in your device viewer
| 2019-2020AGM SE SSPSL REF:2019AUGUST22,DATE: | |
|---|---|
| 517273CODE:SCRIPBSE | S&SPOWERNAME:SCRIPNSE |
| TODEPARTMENT,LISTINGTHELIMITED,BSESTREET,DALALP.J.TOWERS,001MUMBAI—400FORT,MAHARASHTRA | TO,MANAGER-LISTINGTHEINDIAOFEXCHANGESTOCKNATIONALKURLA—BANDRAPLAZA,EXCHANGELTD,400MUMBAI—BANDRA(EAST),COMPLEX,MAHARASHTRA051, |
Dear Sir/Madam,
Sub: Compliance Under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Summary of proceedings of 41st Annual General Meeting held on 22nd August, 2019.
The 41st ANNUAL GENERALMEETING (AGM)ofthe membersofthe Company was held today (22nd AUGUST,2019)at 11.00 A.M. at the registered office of the Company at PLOT NO. 14, CMDA INDUSTRIAL AREA PART — II, CHITHAMANURVILLAGE, MARAIMALAI NAGAR603 209 KANCHIPURAM TAMIL NADUINDIA.
Weenclose herewith the summary of the proceedings thereon.
Kindly take the above information on your records.
Thanking you,
For S & S POWER SWITCHGEARLIMITED,
HISH SUSHIL JALAN CHAIRMAN & DIRECTOR DIN: 0031311
Registered Office & Works : Plot No.14, CMDA Industrial Area Chithamanur Village Maraimalai Nagar - 603 209, KanchipuramDistrict, Tamilnadu, India Tel : 044-4743 1625 Email : [email protected] :www.sspower.com. CIN: L31200TN1975PLCO06966
Scanned by CamScanner
SUMMARY OF PROCEEDINGOF415T ANNUAL GENERAL MEETING (AGM) HELD ON 228? AUGUST, 2019
Mr. Ashish Sushil Jalan, Chairman of the Board of Directors, occupied the Chair.
The Chairmannotedthat the requisite quorum waspresent and hence called the meeting to order.
The Chairman informed that Mr. Ajay Kumar Dhagat, Mr. Deepak Jugal Kishore Chowdhary, Mrs. Gayathri Sundaram & Mr. Nandakumar Sundarraman were not present due to prior commitments. The Chairman informed that the Statutory Auditors and the Secretarial Auditors is present at the meeting and introduced them to the shareholders.
TheRegistrar of Directors and Key Managerial Personnel and their shareholdings in terms of Section 170 read with section 171 of the Companies Act, 2013 and the Auditor's Report and the Secretarial Audit Report were madeavailable for inspection by the shareholders till the conclusion of the meeting.
With the permission of the members present, the Notice to the Shareholders dated 28" June, 2019 calling for the 41 Annual General Meeting was taken as read. The Independent Auditor's Report the Secretarial Auditor's Report and its annexure wasalso taken as read in termsof Section 145 of the Companies Act, 2013.
The Chairmanhighlighted various aspects of the operations of the Company, performancefor the financial year 2018-19 and outlook for the future.
After conclusion of the speech, Chairman informedthatas per the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and the Companies Act, 2013, the Company has offered remote e-voting facilities to the shareholders and that the voting by ballot papers and remote e-voting shall be scrutinized by the Scrutinizer, Mr. KJ. Chandra Mouli onall resolutionsin a fair and transparent manner.
The Chairman then openedthefloor, for questions relating to the matters under consideration at this AGM.
Some of the memberspresentat the meeting raised queries related to Revenue & Performance of the Company, Dividend for Shareholders, Increase in Employee Benefit Expenses, and Benefit to Minority Shareholders.
Registered Office & Works : Plot No.14, CMDAIndustrial Area Chithamanur Village, Maraimalai Nagar - 603 209, KanchipuramDistrict, Tamilnadu, India Tel : 044-4743 1625 Email : [email protected] : www.sspower.com CIN: L31200TN1975PLCO06966
The Chairmanafter providing opportunity to all the shareholders present for raising their queries and seeking clarifications, responded to such queries, comments andclarifications. Also the Chairman briefly explained about the steps taken for Revocation of Trade Suspension.
| O88 | ||
|---|---|---|
| S&Saa)SWITCHGEAR | LIMITED | |
| ChairmanafterThe | providingopportunityshareholdersall thepresenttoforraisingtheir | |
| andqueriesAlsothe | commentsclarifications, respondedto suchseekingandclarifications.queries,ChairmanaboutTradebriefly explainedtakenRevocationstepsforofthe | |
| Suspension. | ||
| Thefollowing | wastransactedbusinessmeeting.at the | |
| Resolution | ||
| No. | Subject | |
| OrdinaryBusinessAdoptionAuditedstatementincludingconsolidatedtheofFinancialfinancial | ||
| 1 | andBoardReportAuditorsyearstatement,ofDirectorstheofthefinancialfor31Marchended2019. | |
| whoretires byRe-appointmentMr.Ashish(DIN:of00031311),SushilJalanCompany.rotation, as Non-ExecutiveDirectorofthe | ||
| BusinessSpecial | ||
| 3 | KumarAshokVishwakarmaRe-appointmentMr.a(DIN:05203223)asofCompanyforManagingaThreewitheffectperiodDirectorofof(3) yearsthe | |
| November2019.from10th | ||
| 4 | PaymentChargesConsultancyMr.Ashish(DIN:00031311)oftoSushilJalanCompanyChairmanandoneNon-ExecutiveperiodDirectorthefor theofof | |
| Marchfrom(1) year2019202031sthisProfessional1st Apnil,toforservices. |
The Chairman then offered to conduct the ballot process in order to provide an opportunity to those members, who have not exercised remote e-voting. Ballot papers were then distributed through the volunteers/ Scrutinizer and the ballot process was conducted forall the resolutions. The ballot process wasscrutinized by the Scrutinizer Mr. K.J. Chandra Mouli, Practidng CompanySecretary, on all the resolutions. The Scrutinizer then took custody of the polling for the verification of validity of votes and counting the votes and for preparing his report to the Chairman.
Later, the Chairman informedto the shareholders that the final results of the voting (after consolidating the result of remote e-voting and ballot process) would be announced to Stock Exchanges and in the website of the Company within 48 hoursas perthe Listing Regulations. Upon completion of the ballot process and the vote of thanks by Mr. Ashish Sushil Jalan, Chairman,the meeting concluded at 12:30 P.M.
Chairman thanked the shareholders and declared the meeting as concluded.
MsWd
Registered Office & Works : Plot No.14, CMDAIndustrial Area Chithamanur Village, Maraimalai Nagar - 603 209, Kanchipuram District, Tamilnadu, India Tel : 044-4743 1625 Email : [email protected] : www.sspower.com CIN: L31200TN197SPLCOO6966