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Birla Transasia Carpets Ltd.

BSE: 503823 Sector: Industrials
NSE: N.A. ISIN Code: INE646O01013
BSE LIVE 13:00 | 02 Dec 5.77 -0.30
(-4.94%)
OPEN

6.31

HIGH

6.31

LOW

5.77

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 6.31
PREVIOUS CLOSE 6.07
VOLUME 295
52-Week high 20.20
52-Week low 5.26
P/E
Mkt Cap.(Rs cr) 1.64
Buy Price 5.77
Buy Qty 582.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.31
CLOSE 6.07
VOLUME 295
52-Week high 20.20
52-Week low 5.26
P/E
Mkt Cap.(Rs cr) 1.64
Buy Price 5.77
Buy Qty 582.00
Sell Price 0.00
Sell Qty 0.00

Birla Transasia Carpets Ltd. (BIRLATRANSCARP) - Chairman Speech

Company chairman speech

To receive consider and adopt the Audited Balance Sheet as at 31st March2015 and the Statement of Profit and Loss for the year ended on that date together withthe Reports of the Directors and Auditors thereon.

To appoint a director in place of Mr. Purushottam Sharma (DIN: 00015707) who retiresby rotation and being eligible offers himself for re-appointment.

To appoint Auditors and fix their remuneration and in this regard to consider and ifthought fit to pass with or without modification(s) the following resolution as an OrdinaryResolution:

"RESOLVED THAT pursuant to the provisions of section 139 and otherapplicable provisions if any of the Companies Act 2013 M/s. LKM & Co. CharteredAccountants Mumbai (Firm Registration Number: 126823W) be and are hereby re-appointed asthe Statutory Auditors of the Company to hold office from the conclusion of this AnnualGeneral Meeting for five (5) consecutive years for a term upto the conclusion of the 45thAnnual General Meeting to be held in 2020 (subject to ratification of their appointment bythe Members of the Company at every subsequent Annual General Meeting) on suchremuneration as may be decided by the Board of Directors of the Company and reimbursementof out of pocket expenses incurred in connection with the audit."

SPECIAL BUSINESS:

APPOINTMENT OF MR. VARINDRA KUMAR AS MANAGER OF THE COMPANY.

To consider and if thought fit to pass with or without modification(s) the followingresolution as Special Resolution: "RESOLVED THAT pursuant to the provisions ofSections 203 197 and all other applicable provisions if any of the Companies Act 2013(the "Act") read with Schedule V as amended from time to time and any statutorymodifications or enactment thereof and all guidelines for managerial remuneration issuedby the Central Government from time to time and subject to such other approvals as may benecessary the consent of the Company be and is hereby accorded for the appointment of Mr.Varindra Kumar as Manager of the Company w.e.f. 29th May 2015 for a period ofthree years on the remuneration and perquisites and terms and conditions as set out in theAgreement entered into between the Company and Mr. Varindra Kumar.

RESOLVED FURTHER THAT subject to the limits prescribed from time to time underSection 197 of the Act and in Section I and Section II of Part II of Schedule V of theCompanies Act 2013 and the conditions prescribed therein the remuneration payable shallbe paid to Mr. Varindra Kumar as minimum remuneration notwithstanding that in anyfinancial year of the Company during the term of his office as such the Company may havemade no profits or inadequate profits.

RESOLVED FURTHER THAT the Board of Directors be and is hereby authorised to reviewrevise increase or enhance the remuneration perquisites and benefits to be paid orprovided to Mr. Varindra Kumar (including minimum remuneration) in accordance with therelevant provisions in the Act and/or the rules and regulations made thereunder and/orrelaxation or revision in the Guidelines for Managerial Remuneration as may be made and/orannounced by the Central Government from time to time.

RESOLVED FURTHER THAT the Board of Directors of the Company be and are herebyauthorised to take such steps and to do all such acts deeds matters and things as may benecessary expedient or desirable to give effect to the above resolution."

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

"RESOLVED THAT Mr. Satyanarayan Baheti (DIN: 06933453) who was appointed asan Additional Director with effect from 29th May 2015 on the Board of theCompany pursuant to section 161 of the Companies Act 2013 and Articles of Association ofthe Company and who holds office upto the date of this Annual General Meeting and inrespect of whom a notice has been received from a Member in writing in accordance withsection 160 of the Companies Act 2013 proposing his candidature for the office of aDirector be and is hereby appointed as an Independent Director of the Company not liableto retire by rotation pursuant to the provisions of Section 149 150 152 and otherapplicable provisions of the Companies Act 2013 and the Rules made thereunder (includingany statutory modification(s) or re

enactment thereof for the time being in force) read with Schedule IV of the CompaniesAct 2013 to hold office for five (5) consecutive years for a term upto the conclusion ofthe 45th Annual General Meeting of the Company in the calendar year 2020."

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

"RESOLVED THAT Mr. Harish M. Kori (DIN: 07139454) who was appointed as anAdditional Director with effect from 29th May 2015 on the Board of the Companypursuant to section 161 of the Companies Act 2013 and Articles of Association of theCompany and who holds office upto the date of this Annual General Meeting and in respectof whom a notice has been received from a Member in writing in accordance with section 160of the Companies Act 2013 proposing his candidature for the office of a Director be andis hereby appointed as an Independent Director of the Company not liable to retire byrotation pursuant to the provisions of Section 149 150 152 and other applicableprovisions of the Companies Act 2013 and the Rules made thereunder (including anystatutory modification(s) or reenactment thereof for the time being in force) read withSchedule IV of the Companies Act 2013 to hold office for five (5) consecutive years for aterm upto the conclusion of the 45th Annual General Meeting of the Company inthe calendar year 2020."

To adopt new Articles of Association of the Company containing regulations inconformity with the Companies Act 2013 and in this regard to consider and if thought fitto pass with or without modification(s) the following resolution as a SpecialResolution:

"RESOLVED THAT pursuant to the provisions of Section 5 and 14 and all otherapplicable provisions of the Companies Act 2013 read with Companies (Incorporation)Rules 2014 (including any statutory modification(s) or reenactment thereof for the timebeing in force) the draft regulations contained in the Articles of Association submittedto this meeting be and are hereby approved and adopted in substitution and to the entireexclusion of the regulations contained in the existing Articles of Association of theCompany.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is herebyauthorised to do all acts and take all such steps as may be necessary proper or expedientto give effect to this resolution."

By order of the Board of Directors
Place: Bulandshahar Arun Singhi Purushottam Sharma
Dated: 29th May 2015 Director Director

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