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Balkrishna Paper Mills Ltd.

BSE: 539251 Sector: Industrials
NSE: BALKRISHNA ISIN Code: INE875R01011
BSE LIVE 15:58 | 02 Dec 80.15 -2.55
(-3.08%)
OPEN

82.00

HIGH

82.00

LOW

78.60

NSE LIVE 15:56 | 02 Dec 79.45 -2.55
(-3.11%)
OPEN

81.50

HIGH

81.50

LOW

78.10

OPEN 82.00
PREVIOUS CLOSE 82.70
VOLUME 11073
52-Week high 119.50
52-Week low 26.40
P/E
Mkt Cap.(Rs cr) 86.08
Buy Price 0.00
Buy Qty 0.00
Sell Price 80.15
Sell Qty 80.00
OPEN 82.00
CLOSE 82.70
VOLUME 11073
52-Week high 119.50
52-Week low 26.40
P/E
Mkt Cap.(Rs cr) 86.08
Buy Price 0.00
Buy Qty 0.00
Sell Price 80.15
Sell Qty 80.00

Balkrishna Paper Mills Ltd. (BALKRISHNA) - Chairman Speech

Company chairman speech

Notice is hereby given that the Second Annual General Meeting of the members ofNirvikara Paper Mills Limited will be held on Monday 24th August 2015 at 02.30 P.M. at3rd floor Sunville 9 Dr Annie Besant Road Worli Mumbai - 400 018 to transact thefollowing business :

Ordinary Business

1. To consider and adopt:

a. the audited financial statements of the Company for the financial year ended March31 2015 the reports of the Board of Directors and Auditors thereon; and

b. the audited consolidated financial statements of the Company for the financial yearended March 31 2015.

2. To appoint a Director in place of Shri Shrutisheel Jhanwar (DIN: 03582803) whoretires by rotation and being eligible has offered himself for re-appointment.

3. To appoint Auditors and fix their remuneration and in this regard to consider and ifthought it to pass with or without modification(s) the following resolution as anOrdinary Resolution:

"RESOLVED THAT pursuant to the provisions of Section 139 141 142 and allother applicable provisions of the Companies Act 2013 and The Companies (Audit andAuditors) Rules 2014 (including any statutory modification(s) or re-enactment thereoffor the time being in force) M/s. Jayantilal Thakkar & Co. Chartered AccountantsMumbai (Firm Registration No. 104133W) be and are hereby appointed as Statutory Auditorsof the Company for a period commencing from the conclusion of this meeting until theconclusion of the next Annual General Meeting at a remuneration to be determined by theBoard of Directors."

Special Business

4. To appoint Shri Sachin Nath Chaturvedi (DIN: 00553459) as an Independent Directorand in this regard to consider and if thought fit to pass with or withoutmodification(s) the following resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 149 152 read withSchedule IV and all other applicable provisions of the Companies Act 2013 and theCompanies (Appointment and Qualification of Directors) Rules 2014 (including anystatutory modification(s) or re-enactment thereof for the time being in force) and Clause49 of the Listing Agreement Shri Sachin Nath Chaturvedi (DIN: 00553459) who wasappointed as an Additional Director pursuant to the provisions of Section 161(1) of theCompanies Act 2013 and the Articles of Association of the Company and who holds office upto the date of this Annual General Meeting and in respect of whom the Company has receiveda notice in writing under Section 160 of the Companies Act 2013 from a member proposinghis candidature for the office of Director be and is hereby appointed as an IndependentDirector of the Company to hold office for a term of 5 (five) consecutive years w.e.f.February 11 2015 to February 10 2020 and whose office shall not be liable to retire byrotation."

"RESOLVED FURTHER THAT the Board of Directors and/ or the CompanySecretary be and are hereby authorised to do all such acts deeds and things as may benecessary expedient and desirable for the purpose of giving effect to thisresolution."

5. To appoint Shri Harish N. Motiwalla (DIN: 00029385) as an Independent Director andin this regard to consider and if thought fit to pass with or without modification(s)the following resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 149 152 read withSchedule IV and all other applicable provisions of the Companies Act 2013 and theCompanies (Appointment and Qualification of Directors) Rules 2014 (including anystatutory modification(s) or re-enactment thereof for the time being in force) and Clause49 of the Listing Agreement Shri Harish N. Motiwalla (DIN: 00029385) who was appointedas an Additional Director pursuant to the provisions of Section 161(1) of the CompaniesAct 2013 and the Articles of Association of the Company and who holds office up to thedate of this Annual General Meeting and in respect of whom the Company has received anotice in writing under Section 160 of the Companies Act 2013 from a member proposing hiscandidature for the office of Director be and is hereby appointed as an IndependentDirector of the Company to hold office for a term of 5 (five) consecutive years w.e.f.February 11 2015 to February 10 2020 and whose office shall not be liable to retire byrotation."

"RESOLVED FURTHER THAT the Board of Directors and/ or the CompanySecretary be and are hereby authorised to do all such acts deeds and things as may benecessary expedient and desirable for the purpose of giving effect to thisresolution."

6. To appoint Shri Rakesh Kumar Garodia (DIN: 00143438) as an Independent Director andin this regard to consider and if thought fit to pass with or without modification(s)the following resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 149 152 read withSchedule IV and all other applicable provisions of the Companies Act 2013 and theCompanies (Appointment and Qualification of Directors) Rules 2014 (including anystatutory modification(s) or re-enactment thereof for the time being in force) and Clause49 of the Listing Agreement Shri Rakesh Kumar Garodia (DIN: 00143438) who was appointedas an Additional Director pursuant to the provisions of Section 161(1) of the CompaniesAct 2013 and the Articles of Association of the Company and who holds office up to thedate of this Annual General Meeting and in respect of whom the Company has received anotice in writing under Section 160 of the Companies Act 2013 from a member proposing hiscandidature for the office of Director be and is hereby appointed as an IndependentDirector of the Company to hold office for a term of 5 (five) consecutive years w.e.f.February 11 2015 to February 10 2020 and whose office shall not be liable to retire byrotation."

"RESOLVED FURTHER THAT the Board of Directors and/ or the CompanySecretary be and are hereby authorised to do all such acts deeds and things as may benecessary expedient and desirable for the purpose of giving effect to thisresolution."

7. To appoint Smt. Meghna S. Shah (DIN: 07081068) as an Independent Director and inthis regard to consider and if thought fit to pass with or without modification(s) thefollowing resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 149 152 read withSchedule IV and all other applicable provisions of the Companies Act 2013 and theCompanies (Appointment and Qualification of Directors) Rules 2014 (including anystatutory modification(s) or re-enactment thereof for the time being in force) and Clause49 of the Listing Agreement Smt. Meghna S. Shah (DIN: 07081068) who was appointed as anAdditional Director pursuant to the provisions of Section 161(1) of the Companies Act2013 and the Articles of Association of the Company and who holds office up to the date ofthis Annual General Meeting and in respect of whom the Company has received a notice inwriting under Section 160 of the Companies Act 2013 from a member proposing hercandidature for the office of Director be and is hereby appointed as an IndependentDirector of the Company to hold office for a term of 5 (five) consecutive years w.e.f.February 11 2015 to February 10 2020 and whose office shall not be liable to retire byrotation."

"RESOLVED FURTHER THAT the Board of Directors and/ or the CompanySecretary be and are hereby authorised to do all such acts deeds and things as may benecessary expedient and desirable for the purpose of giving effect to thisresolution."

8. To consider and if thought fit to pass with or without modification(s) thefollowing Resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Section 148(3) and otherapplicable provisions if any of the Companies Act 2013 and The Companies (Audit andAuditors) Rules 2014 (including any statutory modification(s) or re-enactment(s) thereoffor the time being in force) the remuneration payable to Shri R Srinivasa Raghavan CostAccountants having Registration No. 100098 appointed by the Board of Directors of theCompany to conduct the audit of the cost records of the Company for the financial year2015-16 amounting to Rs. 75000 (Rupees Seventy Five thousand Only) plus service tax asapplicable and re-imbursement of out of pocket expenses incurred by them in connectionwith the aforesaid audit be and is hereby ratified and confirmed."

9. To consider and if thought fit to pass with or without modification(s) thefollowing resolution as a Special Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 7376 and otherapplicable provisions if any of the Companies Act 2013 read with the Companies(Acceptance of Deposits) Rules 2014 and subject to such conditions approvalspermissions as may be necessary consent of the members of the Company be and is herebyaccorded to invite/accept/renew/receive money by way of unsecured /secured deposits or inany other form from public and/or members of the Company in any form or manner throughcircular advertisement or through any other permissible mode upto permissible limitsprescribed under applicable provisions of law and on such terms and conditions as theBoard of Directors of the Company in its sole discretion deem fit and necessary."

"RESOLVED FURTHER THAT for the purpose of giving effect to this Resolutionthe Board of Directors and/or any Committee thereof be and is hereby authorized to do allsuch acts deeds things and matters as the Board of Directors and/or any Committeethereof may in its absolute discretion consent deem necessary proper expedientdesirable or appropriate for such invitation/ acceptance/renewal/receipt as aforesaid.

By Order of the Board of Directors

Sd/-

Rajesh A Solanki

Company Secretary & Compliance Officer

(Membership No.A35937)

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