22 Jun 2018 03:54 PM Closed
22/06/2018 | 03:54 PM
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This is to inform you that the 10th Extraordinary General Meeting (EGM) of the Company was held on June 20, 2018 at Vishnudas Bhave Natyagruha, Sector 16A, Opp. Vashi Bus Depot, Vashi, Navi Mumbai - 400 703. The details of voting results in the format prescribed under Regulation 44 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with Scrutinizers report is enclosed herewith.
This is in continuation of our letter dated May 30th, 2018. As we had informed you that, the Board of Directors at their meeting held on May 30th, 2018 had approved the proposal for investment in the entire issued and outstanding equity share capital (viz., 500,000 equity shares of Rs.10/each) of 3M Electro & Communication India Private Limited for an amount not exceeding Rs.590 Crores pending balance due diligence. In addition the Board had decided to seek Shareholders approval by means of a Postal Ballot. We now give below the calendar of main events for the Postal Ballot. 1. Cutoff date / Benpos date for sending Notice to Members - Friday, June 22, 2018. 2. Voting period period starts on - Wednesday, June 27, 2018. 3. Voting period ends on - Tuesday, July 26, 2018. 4. Scrutinizer's Report and date of declaration of results of the Postal Ballot - Wednesday, July 27, 2018. Kindly bring this to the notice of the members of the Exchange.
Inter alia, considered and approved the following : 1)Approved issue of Secured/Unsecured Non-Convertible Debentures upto Rs.1000 crores on a private placement basis in one or more tranche(s) from time to time, subject to approval of the Members at the ensuing 25th Annual General Meeting ('AGM') of the Company. 2)M/s. Shapria Mehta & Associates LLp, Chartered Accountants,('SMCA') have expressed their unwillingness to continue as joint Statutory Auditors of the Company due to their pre-occupation in other assignments and hence, ratification of their appointment is not proposed at the ensuing 25th AGM. SMCA will continue to act as the Joint Statutory Auditors till the conclusion of ensuing 25th AGM of the Company and M/s. S R Batliboi & Associates LLP, Chartered Accountants will continue to be the Statutory Auditors of the Company. 3)Designated Mr. Prakash Tulsini, CEO-CFS-ICD and Capt Sandeep R Anand,, CEO-Project & Engineering Solutions as Key Managerial Personnel for their respective verticals under Sections 2(51) and 203 of the Act and Rules framed thereunder. 4)In principle approved merger of Allcargo Shipping Co. Private Limited, wholly owned subsidiary with the Company under Sections 230 to 233 and other applicable provisions of the Act.
Inter alia, considered and approved the following : 1)Considered and approved the appointment of M/s. KPMG as Internal Auditor for the Financial Year 2018-19. 2)Considered and approved the appointment of M/s D.A. Kamat & Co, Company Secretaries as Secretarial Auditors for FY 17-18 and FY 18-19. 3)Considered the matter of Performance Evaluation. 4)Considered and approved the matter of remuneration of: 1)Chairman & Managing Director and Whole-ime Director 2)Key Managerial Personnel 5)Considered amd approved the appointment of Mr. Virendra Mital as Additional Independent Director. 6)Considered and approved the reconstitution of the Committees. 7)Considered and Approved the formation of legal entity for the purpose of undertaking CSR Activities. 8)Rescind the earlier Board resolutions including conducting of Postal ballot, passed in the Board Meeting held on 14th November, 2017 for provding Corporate Guarantee to Arihant Abode Limited (Subsidiary Company) for borrowing purpose. 9)Reviewed and took note of the Omnibus approval for Related Party Transactions granted by Audit Committee. 10)Issued Corporate Guarantee to Arihant Vatika Realty Private Limited (Subsidiary Company) for borrowing prupose. 11)Considered and approved the matter of Raising Funds through Issue of Securities by obtaining approval of the Shareholders, for an extension of One Year for the earlier resolution passed by way of Postal Ballot result dated 12th August,2017. 12)Approved undertaking of Postal Ballot of the Company, calendar of events and appointment of Scrutinizer.
Inter alia, considered and approved the following : 1)Mr, Mahendra Naik, Company Secretary & Compliance Officer has resigned from the position of Company Secetary & Compliance Officer. The Nomination & Remuneration Committee and the Board of Directors at their respective meetrings accepted his resignation. 2)The Board of Directors on the recommendation of the Nomination and Remuneration Committee appointed Mr. Anandghan S Bohra, a member of the Institute of Company Secretaries of india (Membership No. ACS A13941) as a Company Secretary of the Company w.e.f. May 22,2018. He will be also acting as a Compliance Officer of the Company. 3)The Board of Directors on the recommendation of the Nomination and Remuneration Committee Appointed Mr. Adesh Gupta (DIN:00020403) as an Additional Director (Independent).
Inter alia, considered and approved the following : 1)please note that Board of Directors of the Company at their meeting held today have approved the appointment of Mr. Sunil Srivastav (DIN- 00237561) as an Independent Additional Director on the Board of the Company w.e.f. May 23, 2018.
Inter alia, considered and approved the following : 1)Mr. Atul Asthana appointed Managing Director w.e.f. 1st April 2018. 2)Mr, Arjun Sengupta appointed Wholetime Director & CFO w.e.f. 1st September 2017. 3)Mr. Yashpal Levin appointed Additional Director w.e.f. 1st April 2018 4)Mr. Arun Narain Singh appointed Additional Director w.e.f. 1st May, 2018 designated as Vice Chairman. 5)Mr. P.K. Sen, Independent Director who had been appointed as Independent Director for a period of 5 years on 30.03.2015.
Laxmi Cotspin Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 22, 2018.
MK Exim India
Inter alia, has accepted the Resignations of Shri Murli Menghani (DIN: 00157301), Shri Ashok Patni (DIN: 00162153) and Shri Kishore Motiyani (DIN: 00161589) as Independent Directors, with effect from the date of board meeting. The Board has appointed Mr. Vishesh Mahesh Nihalani (DIN: 06786707) and Mr. Laxmikant Ramswaroop Patodia (DIN: 03497821) independent Director's of the company, subject to the approval of shareholders in general meeting.
inter alia , to consider the following business: 1 . Appointment of Mrs . Geeth a Rukmini Vankadar (DIN : 08162647 ) as Independent director of the company. 2. Approve resignation o f Mr . Bollina Chandra Subhash as director of the compan y with immediate effect . 3. Approve resignation of Mr . Ahcuta Ramaiah Pavuluri as director of th e compan y with immediate effect .
Inter alia, considered and approved the following : 1)Re-appointment of Shri Satyanarayan G. Kabra as Vice-Chairman and Managing Director of the Company for a term of five years from 1st july, 2018, subject to shareholders approval at the ensuing Annual General Meeting of the Company. 2)proposal to elevate Shri Varun S. Kabra, Director-Business Development as Managing Director of the Company w.e.f. August, 2018. for the remaining tenure of his present term of appointment subject to shareholders approval at the ensuing Annual General Meeting of the Company. 3)Took on record request of Shri S.V. Kabra, to relieve him from the position of Managing Director of the Company w.e.f. 1st july, 2018. He shall continue to act as Non-Executive Director holding the position of Chairman of the Company.
Employees Stock Option Plan Inter alia, to consider and approve the issuance of Equity Shares to Eligible Employees under the Employees Stock Option Scheme ( ESOP ) as per guidelines issued by SEBI and the same shall be subject to the approval of the shareholders at their ensuing Annual General Meeting to be held on Thursday, 9th August,2018.
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