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Vardhman Polytex Ltd. AGM Information 2024
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AGM Information
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27.09.2024
| The Listing Department, | The Listing Department, |
|---|---|
| Nationa! Stock Exchange of India Limited | BSE Limited |
| "Exchange Plaza", C-1, Block-G, | 25th Floor, |
| Bandra - Kurla Complex, | P.J. Towers, |
| Bandra (E), | Dalal Street Fort, |
| Mumbai - 400051 | Mumbai- 400001 |
| SCRIP CODE: VARDMNPOLY | SCRIP CODE:5L4175 |
suBJEcr: PROCEEDTNGS oF 44,h ANNUAL GENERAL MEETTNG oF THE COMPANY
Dear Sir/ Madam,
We hereby inform you that as scheduled,44tn Annual General Meeting (AGM) of the members of Vardhman Polytex Limited was held on Friday, 27th Septemher, )OZq at 11:00 AM at Vardhman Park, chandigarh Road, Ludhiana- t4Lt23, punjab.
Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 20L5, please find enclosed the summary of proceedings of the AGM.
This is for your information and records.
Yours truly,
For Vardhman Polytex Limited
Kumar Ratra Chandigarh Road Ludhiana Bharat Nagar Chowk Punjab India- 141001- Urban Estate, 2.5.4.20=92b56e1994053b49d4e374ad86ac1656e057d573cf97bfd06c87de0a981000e9, serialNumber=cd7cd444c4a5a81ed1f4a5113133333211c4c59f6abd27c9485a7e22555885a 3, [email protected], cn=Ajay Kumar Ratra Date: 2024.09.27 14:46:13 +05'30'
Ajay K. Ratra Company Secretary
Encl: as above
Vardhman Polytex Ltd An Oswal Group'Company CIN: L] 71 22PB1 980P1C004242
Regd. & Corp. Office: Vardhman Park, Chandigarh Road, Ludhiana-1 41 123 Punjab (lndia). Tel: +91 -1 61 -6629888 [email protected] Ajay
www.vpl.in
Summary of proceedings oJ 44th Annual General Meeting of Vardhman Polytex Limited ('Company') held on Friday, 27'h September, 2fJ24 at 11:OO AM at Vardhman Park, Chandigarh Road, Ludhiana'L4L123, Punjab
Company Secretary of the company commenced the meeting by welcoming the shareholders at Annual General Meeting (AGM) and introduced the directors and other invitees in the meeting to the shareholders.
As per Article 99 of Articles of Association of the company, Mr.Adish Oswal, Chairman & Managing Director occupied the Chair.
The Secretary informed that the notice dated 14th August, 2024 convening the AGM alongwith Annual Report for the Financial Year ended 31't March 2024 has already been circulated by email and hosted on the website of the company and it may be taken as read.
The Secretary informed that the Auditors Report on the Financial Statements for Financial year ended March 3L,2024 contained a qualified opinion of Auditors. So, as per Section 145 of the Companies Act, 2013, Audit reports specifying the relevant qualified opinion of auditor were read out at the AGM. The Secretary further explained the Management's observation in response to qualified opinion of Auditors.
The Chairman then delivered his speech to the members. In his speech, he gave overview of the state of industry and performance of the company during financial year 2023-24.
The Secretary informed that Remote e-voting facility was available to the shareholders at link - WUUW.evo-t_!_ngindia.com for three days i.e from 24t^ September, 2024 to 26th September, 2024 and the company has also provided ballot voting facility at the AGM to its members to cast vote who have not exercised remote evoting.
Thereafter, the following item(s) of business as mentioned in the AGM Notice were transacted at the meeting:
ORDINARY BUSINESS:
ITEM NO. 1- Ordinary Resolution
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31't March, 2024, together with the Reports of Auditors and Directors thereon.
Vardhman Polytex Ltd An Oswal Group'Company CIN: L1 71 22P81 980P1C004242
Regd. & Corp. Office: Vardhman Park, Chandigarh Road, Ludhia na-1 41 1 23 Punjab (lndia). Tel: +91 -1 51 -6629888
wwwvpl.in [email protected]
ITEM NO. 2- Ordinary Resolution
To appoint a Director in place of Mrs. Manju Oswal (DIN- OOOO9449), who retires by rotation in accordance with Articles of Association and being eligible, offers herself for re-appointment.
SPECIAL BUSINESS:
ITEM NO. 3- Ordinary Resolution
To ratify the remuneration of the Cost Auditors for the financial year ending 31st March, 2025
Shareholders who had not cast their vote through remote e-voting, were requested to cast their vote by physical ballots. Scrutinizer for the remote e-voting process and voting at the AGM was M/s Khanna Ashwani and Associates, Company -Secretaries.
Shareholders were informed that results of the remote e-voting and voting at AGM would be declared along with the Scrutinizer's Report within two working days of conclusion of the AGM.
Meeting concluded with vote of thanks by company Secretary at 11:45 AM.
For Vardhman Polytex Limited
Ajay Kumar Ratra Digitally signed by Ajay Kumar Ratra DN: c=IN, o=Personal, postalCode=141001, Chandigarh Road Ludhiana Bharat Nagar Chowk Punjab India- 141001- Urban Estate, title=1108, 2.5.4.20=92b56e1994053b49d4e374ad86ac1656e0 57d573cf97bfd06c87de0a981000e9, serialNumber=cd7cd444c4a5a81ed1f4a511313333 [email protected], cn=Ajay Kumar Ratra Date: 2024.09.27 14:46:42 +05'30'
Ajay K. Ratra Company Secretary
Vardhman Polytex Ltd An Oswal Group'Company CIN: L1 7 1 22P81 980P1C004242
Regd. & Corp. Office: Vardhman Park, Chandigarh Road, Ludhiana-1 41 123 Punjab (lndia). Tel: +91 -1 61 -6629888
wurw.vpl.in [email protected]