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ISMT LTD. - Shareholder Meeting / Postal Ballot-Outcome of AGM

| Updated on December 28, 2018 Published on December 28, 2018

Pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulation), a summary of proceedings of 20th AGM of the Members of the Company held today is given below:-

The AGM held on December 28, 2018 at 10.30 a.m. at Hotel Hyatt Pune, Adjacent to Aga Khan Palace, 88 Nagar Road, Kalyani Nagar, Pune - 411006.

Seven Directors were present at the Meeting. Mr. S.C. Gupta, Chairman presided over the Meeting. The requisite quorum being present, the Chairman called the meeting to order and delivered his speech. Notice of the meeting was taken as read. Qualifications, observations in Auditors Report were read by the Company Secretary. The Management replied to the queries raised by the shareholders.

Thereafter, poll was conducted in presence of the Scrutinizer Mr. Milind Kasodekar, Partner at MRM Associates, Company Secretaries for approval of the following agenda items as per the AGM Notice:

A. Ordinary Business:

1. Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for financial year ended March 31, 2018 together with Reports of the Board of Directors and Auditors thereon.
2. Re-appointment of Mr. O.P Kakkar as a Director who retired by rotation & being eligible, offered himself for re-appointment.

B. Special Business:

3. Ratification of the remuneration of Cost Auditors for FY2017-18
4. Re-appointment of Mr. Rajiv Goel as Whole-time Director from October 01, 2017 to September 30, 2018.
5. Approval for continuing the Directorship of Mr. O.P Kakkar as Non-executive Director.
6. Re-appointment of Mr. B.R Taneja as Managing Director of the Company.
7. Re-appointment of Mr. Rajiv Goel as Whole-time Director from October 01, 2018 to September 30, 2019.

The Meeting concluded with a vote of thanks to the Chair.

Kindly note that voting results will be announced upon receipt of Scrutinizers Report as per Regulation 44(3) of the Listing Regulation.

Pdf Link: ISMT LTD. - Shareholder Meeting / Postal Ballot-Outcome of AGM

Source : BSE - www.bseindia.com

Published on December 28, 2018
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