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SJVN LIMITED — AGM Information 2021
Sep 30, 2021
58987_rns_2021-09-30_3057975f-6aed-4811-b99b-34679275ddc7.pdf
AGM Information
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CIN: L40101HP1988GOI008409
एसजेवीएन िलिमटेड SJVN Limited
(A Joint Venture of GOI & GOHP) A Mini Ratna & Schedule “A” Company
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SJVN/CHQ/CS/93/2021-
Date: 30/09/2021
- NSE Symbol: SJVN EQ
BOLT SCRIP ID: SJVN, SCRIP CODE: 533206
National Stock Exchange of India Limited The Bombay Stock Exchange Limited Exchange Plaza Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai-400051, India. Mumbai 400 001, India.
Sub: Proceedings of the 33[rd] Annual General Meeting of SJVN Limited held on 29.09.2021
Sir/Madam,
In Compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we forward herewith a copy of proceedings of the 33[rd] Annual General Meeting of the Members of SJVN Limited held at 15:00 HRS on 29[th] September, 2021 through Video Conferencing (VC)/Other Audio Visual Means (OAVM).
This is for your kind information and record please.
Thanking you,
Yours faithfully,
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(Soumendra Das) Company Secretary
Encl: As above.
पंजीकृत एवं कॉप�रेट कायारलय : एसजेवीएन कॉप�रेट ऑिफस कॉम्प्लेक्स , शनान , िशमला – 171006 िहमाचल पर्देश
Registered & Corporate Office : SJVN Corporate Office Complex, Shanan, Shimla – 171006 Himachal Pradesh दूरभाष /Tel No. 0177-26600075 , फ़ैकस /Fax : 0177-26600071 , ईमेल / Email: [email protected] , वेबसाइट / Website : www.sjvn.nic.in
CIN: L40101HP1988GOI008409
एसजेवीएन �ल�मटेड
SJVN Limited
(A Joint Venture of GOI & GOHP) A Mini Ratna & Schedule “A” Company
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“Our Shared Vision: 5000MW by 2023, 12000MW by 2030 & 25000MW by 2040”
SUMMARY OF PROCEEEDINGS OF 33[rd] ANNUAL GENERAL MEETING OF SJVN LIMITED
The 33[rd] Annual General Meeting of the Company was held on Wednesday, 29[th] September, 2021 at 15:00 HRS through Video Conferencing (VC) / Other Audio Visual means (OAVM) in compliance with the Circular Nos. 14/2020 dated 8[th] April, 2020, 17/2020 dated 13[th] April 2020, 20/2020 dated 5[th] May, 2020 and 02/2021 dated 13[th] January, 2021 issued by the Ministry of Corporate Affairs and Circular dated 12[th] May 2020 and 15[th] January, 2021 issued by the Securities and Exchange Board of India (SEBI) and as per the applicable provisions of the Companies Act, 2013 read with the relevant rules made thereunder.
The Meeting commenced at 15:00 HRS. Shri Nand Lal Sharma, Chairman of the Company chaired the meeting. With the permission of the Chair, the Company Secretary welcomed the Directors and Members and introduced the Chairpersons of the Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee, Statutory Auditors, Secretarial Auditor and Scrutinizers present in the Meeting. All the Directors except Shri Raghuraj Rajendran, Nominee Director, Government of India and Shri Ram Dass Dhiman, Nominee Director, Government of Himachal Pradesh attended the Meeting through Video Conferencing (VC) / Other Audio-Video means (OAVM).
86 members marked their attendance including the representatives of President of India and Governor of Himachal Pradesh. With the concurrence of the members, the Notice of the 33[rd] Annual General Meeting together with the Financial Statements and Directors’ Report were taken as read.
The requisite quorum being present, the Chairman called the meeting to order and delivered his speech. In his address, inter alia, the Chairman informed the Members of record Generation by company’s Operating Projects, Operational & Financial highlights for FY 2020-21 and for the 1[st] Quarter of FY 2021-22, Progress of Projects, Future Plans, Business Outlook, Corporate Social Responsibility and Corporate Governance etc.
Thereafter, the Company Secretary, with the permission of the members has taken up the Independent Auditor’s Report, Comments of the Comptroller and Auditor General of India, the observations in the Secretarial Auditor’s Report and Management’s reply thereon as read.
The Company Secretary stated that in terms of Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Company had provided electronic voting facility to the members entitled to cast their vote at the Annual General Meeting as per the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 in respect of businesses to be transacted at the Annual General Meeting. The e-voting commenced on 26[th ] September, 2021 at 09.00 a.m. and ended on 28[th] September, 2021 at 5.00 p.m .
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पंजीकृत एवं कॉप�रेट कायारलयय एसजेवीएन कॉप�रेट ऑ�फस कॉम्पेलस, शनान, �शमपा – 171006 �हमाचप प्ेश Registered&Corporate Office : SJVN Corporate Office Complex, Shanan, Shimla – 171006 Himachal Pradesh दूरभाष /Tel No. 0177-26600070, 26600075 , फ़ैकस /Fax : 0177-26600071 , ईमेल/ Email: [email protected] , वेबसाइट/ Website : www.sjvn.nic.in
CIN: L40101HP1988GOI008409
एसजेवीएन �ल�मटेड
SJVN Limited
(A Joint Venture of GOI & GOHP) A Mini Ratna & Schedule “A” Company
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“Our Shared Vision: 5000MW by 2023, 12000MW by 2030 & 25000MW by 2040”
He further informed that the facility for voting through e-voting system was made available during the Meeting for Members who had not cast their vote prior to the Meeting.
The Company Secretary informed that Shri Santosh Kumar Pradhan, Practicing Company Secretary was appointed as the Scrutiniser for the purpose of scrutinising the process of remote E-voting as well as E-voting during the AGM.
The Company Secretary briefed the members about the objectives and implications of the resolutions to be passed as set out in the Notice and then put them to vote by the e- Voting process as under:
| Item No. |
Business Item | Resolution |
|---|---|---|
| ORDINARY BUSINESS | ||
| 1 | To receive, consider and adopt: (a) The Audited Standalone Financial Statements of the Company for the year ended 31st March, 2021 together with the Balance Sheet and Statement of Profit and Loss for the financial year ended as on that date together with Reports of the Board of Directors and Auditors thereon and comments of the Comptroller and Auditor General of India, in terms of Section 143(6) of the Companies Act, 2013. (b) The Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2021 together with the Balance Sheet and Statement of Profit and Loss for the financial year ended as on that date together with Reports of the Board of Directors and Auditors thereon and comments of the Comptroller and Auditor General of India, in terms of Section 143(6) of the Companies Act, 2013. |
Ordinary |
| 2 | To confirm the payment of Interim Dividend of Rs. 1.80 per share and to declare the final dividend, if any, on equity shares for the financial year 2020-21. |
Ordinary |
| 3 | To appoint a Director in place of Shri Akhileshwar Singh [DIN 08627576], who retires by rotation and being eligible, offers himself for re-appointment. |
Ordinary |
पंजीकृत एवं कॉप�रेट कायारलयय एसजेवीएन कॉप�रेट ऑ�फस कॉम्पेलस, शनान, �शमपा – 171006 �हमाचप प्ेश Registered&Corporate Office : SJVN Corporate Office Complex, Shanan, Shimla – 171006 Himachal Pradesh दूरभाष /Tel No. 0177-26600070, 26600075 , फ़ैकस /Fax : 0177-26600071 , ईमेल/ Email: [email protected] , वेबसाइट/ Website : www.sjvn.nic.in
CIN: L40101HP1988GOI008409
एसजेवीएन �ल�मटेड
SJVN Limited
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(A Joint Venture of GOI & GOHP) A Mini Ratna & Schedule “A” Company
“Our Shared Vision: 5000MW by 2023, 12000MW by 2030 & 25000MW by 2040”
| 4 | To appoint a Director in place of Shri Sushil Sharma [DIN 08776440], who retires by rotation and being eligible, offers himself for re-appointment. |
Ordinary |
|---|---|---|
| SPECIAL BUSINESS | ||
| 5 | Ratification of remuneration of Cost Auditor for financial year 2021-22 |
Ordinary |
The Company Secretary announced that the combined result of remote e-voting and the e-voting during AGM will be put on the website of the Company, National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Central Depository Services Limited (CDSL) within the statutory time frame as prescribed by the Companies Act, 2013.
Members participating in the AGM were given the opportunity to ask questions and seek clarifications. The Chairman responded to the questions raised and in his concluding remarks thanked all the members for their support and assured all the investors for better returns in the times to come. The meeting concluded at 16:55 HRS after being open for 15 minutes for e-voting to be completed.
As per the voting results submitted by the Scrutinizer, all the aforesaid resolutions were passed with requisite majority. Detailed voting results along with the Scrutinizer’s report for the votes cast through remote e-voting and e-voting at the AGM on all the resolutions as set out in the Notice of AGM will be submitted within the permissible time limits as per the provision of the Companies Act, 2013.
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पंजीकृत एवं कॉप�रेट कायारलयय एसजेवीएन कॉप�रेट ऑ�फस कॉम्पेलस, शनान, �शमपा – 171006 �हमाचप प्ेश Registered&Corporate Office : SJVN Corporate Office Complex, Shanan, Shimla – 171006 Himachal Pradesh दूरभाष /Tel No. 0177-26600070, 26600075 , फ़ैकस /Fax : 0177-26600071 , ईमेल/ Email: [email protected] , वेबसाइट/ Website : www.sjvn.nic.in