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Sadhana Nitrochem Ltd. AGM Information 2021
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AGM Information
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Date: September 29, 2021
To, BSE Limited New Trading Ring, Rotunda Building, 1st Floor P.J. Towers, Dalal Street, Fort, Mumbai — 400001
Scrip Code: 506642
Subject: Proceedings of the 48th Annual General Meeting ('AGM') held onTuesday, September 28, 2021 under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
Dear Sir / Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclosed herewith gist of proceedings of the 48th Annual General Meeting of the Company held on Tuesday, September 28, 2021.
You are requested to kindly take above information on your records.
Thanking you.
| FOR SADHANA NITROCHEM LIMITED | ||||
|---|---|---|---|---|
| NITIN | Digitally signed by NITIN RAMESHCHANDRA JANI DN: c=IN, o=Personal, postalCode=400104, |
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| RAMESHCH | st=Maharashtra, 2.5.4.20=845acf573bc16165491baaf66c1f4a9 d7bcf9a20ff14a9710278e0dd635f2c1a, |
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| ANDRA JANI | serialNumber=003ce4275a32f8278907db722 80e22fc49a292317ad27b15020444760b5dc70 0, cn=NITIN RAMESHCHANDRA JANI Date: 2021.09.29 13:56:24 +05'30' |
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| ________ Nitin Rameshchandra Jani |
Company Secretary & Compliance Officer Membership No.: A4757 Address: - Plot No. 177, Room No.16, Jawahar Nagar Road No.2, Goregaon (West) Mumbai – 400062
Encl: as above
CIN : L24110MH1973P1_C016698
a10, Bruce Street, 1st Floor, 8/12 Homi Mody Street, Fort, Mumbai 400001 Tel.: 022-68663300, Email: [email protected], Website: www.sncl.com
GIST OF PROCEEDINGS OF THE 48th ANNUAL GENERAL MEETING OF SADHANA NITRO CHEM LIMITED HELD ON SEPTEMBER 28, 2021
A. Date, time and venue of the Meeting:
The 48thAnnual General Meeting (AGM) of the Members of the Company was held on Tuesday, September 28, 2021 at 3:00 P.M. (1.S.T.) through Video Conferencing ("VC")", The deemed venue for the AGM was the registered office of the Company situated at Hira Baug, 1 Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400004.
B. Proceedings in brief:
- e Mr. Asit D. Javeri, Executive Chairman of the Company chaired the Meeting. The requisite quorum being present, the Chairman called the Meeting to order.
- e The Chairman commenced the proceedings of the meeting with an introduction of himself and by welcoming the Board Members and Auditors of the Company.
- e The Chairman welcomed the Stakeholders present at the meeting. He also assured that the Company had taken all the efforts feasible under these circumstances to enable the members to participate and vote on the items being considered in the meeting. The Chairman informed that the Meeting was held through VC in compliance with the circulars issued by the Ministry of Corporate affairs.
- e The Chairman enlightened the members that the e-voting period commenced on Saturday, September 25, 2021 (9:00 a.m. IST) and ends on Monday, September 27, 2021 (5:00 p.m. IST)
- e The Chairman informed the members about the appointment of Mrs. Kumudini Bhalerao, Partner of Makarand M. Joshi & Co, Practicing Company Secretaries as the scrutinizer to scrutinize the remote e-voting process.
The Chairman further informed that:
- A. The Notice convening the AGM and the Annual Report containing the Audited Financial Statements for the financial year ended on 31st March, 2021, Board's Report and Auditors' Report thereon along with relevant annexure were duly sent to the shareholders via e-mail on their registered email ids.
- B. The relevant Registers as statutorily required and Minutes of the General Meeting were available. Members seeking to inspect such documents can send an email to sadhananitrowsnecl.com
Registered Office : Hira Baug, 1st Floor, Kasturba Chowk (C.P. Tank), Mumbai - 400 004, INDIA Factory : 47, MIDC, Roha - 402 116, Dist. Raigad, Maharashtra. Tel.: Dhatav-02194-263801/02/03, 263525
e The following items of business as set out in the Notice convening the AGM were commended for members consideration and approval:
| commended for members consideration and approval: | The following items of business as set out in the Notice convening the AGM were | |
|---|---|---|
| Sr. No. Resolution Type | Particulars of resolution | |
| Ordinary Business | ||
| 1. | Ordinary Resolution | Adoption of Financial Statement |
| 2. | Ordinary Resolution | Appointment Abhishek A. Javeri of Mr. (DIN:00273030) who Director as a is and being rotation liable retire by to himself eligible offers for re- appointment. |
| Special Business | ||
| 3. | Ordinary Resolution | remuneration Ratification Cost of of Auditors |
| 4, | Ordinary Resolution | Regularisation Additional of Independent Ayesha Director, Mrs. 02074115) (having Sunil DIN: Patel by Independent appointing her an as Director of the Company. |
| 5. | Special Resolution | re-appoint Javeri To Shri Asit (DIN: D. 00268114) as an Executive Chairman of the Company |
| 6. | Special Resolution | Abhishek re-appoint Javeri To Shri A. |
| Managing 00273030) (DIN: the as and Financial Director Chief Officer of the Company |
||
| 7. | Special Resolution | Seema appoint Mrs. Javeri To A. re - 01768936) Executive (DIN: as an_ (Administration) Director the of Company. |
| 8. | Special Resolution | enhance create To the limit to charge/mortgage/hypothecation on the Company's assets under section 180(1) |
| ( a) of the Companies Act,2013 |
| 9. | Special Resolution | To enhance the existing borrowing limits of the Company under section 180(1)( C) of Companies Act,2013 |
|---|---|---|
| 10. Special Resolution | Increase in Authorised Share Capital of Company consequential and the Memorandum amendment in of Association |
- Mr. Abhishek A. Javeri, Manging Director and CFO of the Company responded to the questions/ queries of the members who had registered themselves as speakers.
- Mr. Nitin R. Jani informed the members that e-voting results will be declared within 2 working days from the conclusion of the meeting.
. Voting by members
- The Company had provided remote e-voting facility to its members to cast votes electronically, for the item of business set out in the notice.
- Further, the facility to vote on resolution through electronic voting system at the meeting was made available to the members who participated in the meeting and had not cast their votes through remote e-voting.
- The Company will separately intimate the results of e-voting to the stock exchanges and will be uploaded on the website of the Company and NSDL
The AGM concluded at 3:53 PM (IST) and the e-voting was kept open for 30 minutes from the time of closure of the meeting till 4:23 PM (IST).
FOR SADHANA NITROCHEM LIMITED
Nitin R. Jani Company Secretary & Compliance Officer Membership No.: A4757 Address: - Plot No. 177, Room No.16, Jawahar Nagar Road No.2, Goregaon (West) Mumbai — 400062