Dear Sir/ Madam, This is to inform you that the Board of Directors of the Company in its meeting held on May 21, 2019, accorded its approval to approach the Shareholders for seeking their approval for the following resolutions as set out in the Postal notice dated May 21, 2019, by way of postal ballot in accordance with the provisions of Section 110 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014: Item No.1 :- To re-appoint Mr. Ram Vinay Shahi (DIN: 01337591), as an Independent Director for the second term of 2 years. Item No.2:- To re-appoint Mr. Arun Kumar Purwar (DIN: 00026383), as an Independent Director for the second term of 2 years. Item No.3:- To re-appoint Mr. Sudershan Kumar Garg (DIN: 00055651 ), as an Independent Director for the second term of 2 years. Item No.4: - To re-appoint Mr. Hardip Singh Wirk (DIN: 00995449), as an Independent Director for the second term of 2 years. Item No.5: - To appoint Mr. NA Ansari (DIN: 03340568), as a Director Item No.6: - To appoint Mr. NA Ansari (DIN : 03340568), as a Wholetime Director designated as Jt. Managing Director. Item No.7: - To consider, ratify and approve the payment and waiver of the recovery of excess remuneration paid to Mr. Naveen Jindal (D IN: 00001523), Wholetime Director designated as Chairman of the Company. Item No.8: - To consider and approve the waiver of the recovery of excess remuneration paid and payment of remuneration to Mr. Naveen Jindal (DIN: 00001523), Wholetime Director designated as Chairman of the Company Item No.9: - To consider and approve the waiver of the recovery of excess remuneration paid and payment of remuneration to Mr. Dinesh Kumar Saraogi (DIN: 06426609), Wholetime Director of the Company. Item No.10: - To consider, ratify and approve the payment and waiver of the recovery of excess remuneration paid to Mr. Rajeev Rupendra Bhadauria (DIN: 00376562), Wholetime Director of the Company. and appointed Mr. Navneet Arora of M/s Navneet K. Arora & Co. LLP, Company Secretaries as the Scrutinizer for conducting the Postal Ballot/e-voting process in a fair and transparent manner. It may be noted that all the above Resolutions as set out in the Postal Ballot Notice dated May 21 , 2019 have been approved and considered as passed by the shareholders with the requisite majority on July 8, 2019. The detailed Scrutinizer Report dated July 9, 2019 along with the details of the voting results as required under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed herewith. Kindly take the above into your record and oblige.
Source : BSE - www.bseindia.com
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