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VARVEE GLOBAL LIMITED AGM Information 2019
60854_rns_2019-09-27_a2306d72-a8f5-48b3-b024-e7aabb11b570.pdf
AGM Information
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Regd. Office: 191, Shahwadi, Narol - Sarkhej Highway, Nr. Old Octroi Naka, Narol, Ahmedabad.·382405. Ph : +91 -79 -30417000, 30017000 Fax: + 91 - 79 ·30417070 CIN: L17110GJ1988PLC010504 E-mail: [email protected] • Website: www.aarvee-denims.com
Date: September 27,2019
To, The Manager (Listing) The Bombay Stock Exchange Ltd. 1st Floor, Phiroze}eejeebhoy Towers, Dalal Street, Mumbai - 400001
To, The Manager (Listing) The National Stock Exchange of India Ltd "Exchange Plaza", 5th floor, Plot No. C/1, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051
Company Code: 514274 (BSE)
Company Code: AARVEEDEN (NSE)
Dear Sir/Madam,
Sub: Proceedings of 30th Annual General Meeting of the company held on 27th September. 2019
With reference to above and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we hereby submit the proceedings/outcome of 30th Annual General Meeting held on Friday, 27th September 2019.
Kindly acknowledge the receipt of same.
Thanking You,
Yours faithfully,
For, AARVEE DENIMS & EXPORTS LIMITED
Vinod P. Arora (Chairman and Managing Director) (DIN: 00007065)
Encl: a. a
Regd. Office: 191. Shahwadi. Narol - Sarkhej Highway, Nr. Old Octroi Naka, Narol, Ahmedabad.-38240S. Ph : +91 - 79 - 30417000, 30017000 Fax: + 91 - 79 - 30417070 CIN: L1711 OGJ1988PLCO 10504 E-mail: [email protected] • Website: www.aarvee-denims.com
## PROCEEDINGS OF 30TH ANNUAL GENERAL MEETING OF THE COMPANY HELD ON 27TH SEPTEMBER 2019
The 30th Annual General Meeting of the members of Aarvee Denims and Exports Limited was held on Friday, 27th September 2019 at 191, Shahwadi, Narol-Sarkhej Highway, Near old Octroinaka, Narol, Ahmedabad-382405. The AGM was commenced at 11:00 A.M. and concluded at 13:00 P.M.
Mr. Vinod P. Arora, (DIN: 00007065), Chairman and Managing Director of the Company took the chair. After ascertaining that the requisite quorum was present at the meeting, Chairman called the meeting in order and open for business. Then he welcomed to all the members/directors/auditors present at 30th Annual General Meeting of the company.
After that, Mr. Vinod P. Arora delivered his speech in the Annual General Meeting.
With the permission of the members present at the meeting, the Notice dated 10th August, 2019 convening 30th Annual General Meeting, Directors' Report, Auditor's Reports and Secretarial Auditor's report of the Company, as circulated to the shareholders of the Company, was taken as read. After that members were informed that pursuant to Section 108 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, the Company had provided remote E-Voting facility of CDSL to the shareholders for exercising their voting rights in respect of all the business mentioned in the Notice of AGM.
Further, it was also informed that remote E-Voting facility was kept open from Tuesday, 24th September, 2019 (9.00 A.M. 1ST) to Thursday, 26th September, 2019 (5.00 P.M. 1ST). It was further informed that pursuant to provisions of section 107 and 108 of the Companies Act, 2013, the business of the notice convening the Annual General Meeting would not be voted by show of hands at the Annual General Meeting.
It was further informed that the shareholders who have not voted electronically can vote through ballot papers at the venue of the AGM on all the resolutions as set out in the notice of AGM,which are as follows:-
Regd. Office: 191. Shahwadi. Narol - Sarkhej Highway, Nr. Old Octroi Naka, Narol, Ahmedabad,-382405. Ph : +91 -79 -30417000, 30017000 Fax: + 91 -79 - 30417070 CIN: L1711 OGJ1988PLC01 0504 E-mail: [email protected] • Website: www.aarvee-denims.com
#### ORDINARY BUSINESS
- 1. To receive, consider and adopt the Audited Financial Statements, standalone and consolidated, of the Company for the year ended 31st March 2019 together with the Reports of the Board of Directors and Auditors thereon;
- 2. To appoint a Director in place of Mr. Rajesh P. Arora (DIN: 00092200), who retires by rotation and being eligible, offers himself for reappointment.
### SPECIAL BUSINESS
- 3. Re-Appointment Of Mr. Sanjay S. Majmudar, As An Independent Director Of The Company as an Ordinary Resolution;
- 4. Re-Appointment Of Mr. Ashok C. Gandhi, As An Independent Director Of The Company as an Ordinary Resolution;
- 5. Re-Appointment Of Mr. Arvind D. Sanghvi, As An Independent Director Of The Company as an Ordinary Resolution;
- 6. Re-Appointment Of Mr. Amol R. Dalal, As An Independent Director Of The Company as an Ordinary Resolution;
- 7. Re-Appointment Of Mr. Ashok Gandhi As An Independent Non-Executive Director Of The Company For Second Term Of 5 Years, After Attaining The Age Of 75 Years as an Special Resolution;
- 8. To Approve Cost Auditors' Remuneration as an Ordinary Resolution;
- 9. Acceptance of Unsecured Deposits under the Companies (Acceptance of Deposits) Rules, 2014 as Special Resolution;
- 10. Approve related party transactions
The businesses as set out in the notice have been completed.
Mr. Vinod P. Arora, Chairman and Managing Director of the Company further informed the members that pursuant to the provisions of Section 109 of the Companies Act, 2013 the company has appointed Mr. Tapan Shah, Practising Company Secretary (Membership No. FCS 4476, CP No. 2839) as Scrutinizer of the company in respect of remote e-voting process and to conduct the poll process in a fair and transparent manner.
Regd. Office: 191, Shahwadi, Narol - Sarkhej Highway, Nr. Old Octroi Naka, Narol, Ahmedabad.-38240S. Ph : +91 -79 -30417000, 30017000 Fax: + 91 -79 - 30417070 CIN: L1711OGJ1988PLCOl0504 E-mail: [email protected] • Website: www.aarvee-denims.com
Members were informed that the results of remote e-voting and poll will be declared by the company after receiving the consolidated report from the scrutinizer and will also be made available at the website of the company and disclosed to the Stock exchange.
The meeting was then concluded with the vote of thanks.
Details of voting results as required under Regulation 44(3) of SEBI LODR 2015 will be submitted separately.
Kindly acknowledge the receipt of same.
Thanking You, Yours faithfully,
**For, AARVEE DENIMS & EXPORTS LIMITED**
**Vinod P. Arora (Chairman and Managing Director) (DIN: 00007065)**
