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Lloyds Metals And Energy Ltd. - Shareholder Meeting / Postal Ballot-Outcome of AGM

| Updated on July 24, 2019 Published on July 24, 2019

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the proceedings of the 42nd Annual General Meeting (AGM) of the Company which was held on Wednesday, 24th July, 2019, at the Registered office of the Company at Plot No. A 1-2, MIDC Area, Ghugus, Dist. Chandrapur, 442 505, Maharashtra was as mentioned below:

The Chairman welcomed the members of the Company and commenced the proceedings.

The Company Secretary announced that the requisite quorum was present and the meeting was called to order.

The Company Secretary drew the attention of the Members to the Register of Directors and KMP and their shareholding u/s 170 of the Companies Act, 2013 and Register of Contracts or Arrangements in which the directors are interested maintained under section 189 of the Companies Act, 2013, which were kept open for inspection by any person having right to attend the meeting.

The Chairman apprised the members about the performance of the company and its future prospects and answered all queries raised by the Shareholders.

The Company Secretary announced that the results of the Remote E-voting and Voting at the AGM will be declared at the website of the company and then the Company Secretary requested shareholders to cast their votes by Voting through Ballot Paper on the following items of businesses included in the Notice of the 42nd Annual General Meeting.

S.No. Resolutions

1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March, 2019, including the Audited Balance Sheet as at 31st March, 2019 and the Statement of Profit and Loss of the Company for the year ended on that date, along with the reports of the Board of Directors and Auditors thereon.
2. To appoint a Director in place of Mr. Mukesh Gupta (DIN: 00028347), who retires by rotation and being eligible, offers himself for re-appointment.
3. Ratification of Re-appointment of M/s VSS & Associates, Chartered Accountants, Mumbai (ICAI Firm Registration No. 105787W) as the Statutory Auditors of the Company.
4. Ratification of Remuneration payable to M/s. Manisha & Associates,
Cost Accountants having Firm Registration Number 000321
5. Re-appointment of Mr. Jagannath Dange as an Independent Non-Executive Director for a further term of 5 years w.e.f. 30th July, 2019 to 29th July, 2024.
6. Re-appointment of Mr. Devidas Kambale as an Independent Non-Executive Director for a further term of 5 years w.e.f. 30th July, 2019 to 29th July, 2024.
7. Re-appointment of Dr. Balram Singh as an Independent Non-Executive Director for a further term of 5 years w.e.f. 29th December, 2019 to 28th December, 2024.
8. Re-appointment of Mrs. Bhagyam Ramani as an Independent Non-Executive Director for a further term of 5 years w.e.f. 29th December, 2019 to 28th December, 2024.
9. Continuation of existing term of Mr. Shantanu Mohapatra, Independent Director of the Company upto 28th December, 2019.

The Chairman then declared the 42nd Annual General Meeting of the Company as concluded and thanked the members for attending the meeting.

The meeting was concluded at 01:15 p.m.

Kindly take the above on your records and acknowledge receipt.

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Source : BSE - www.bseindia.com

Published on July 24, 2019
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