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Everest Kanto Cylinder Ltd.

BSE: 532684 Sector: Industrials
NSE: EKC ISIN Code: INE184H01027
BSE LIVE 15:57 | 17 Nov 51.40 -0.95
(-1.81%)
OPEN

52.30

HIGH

53.90

LOW

51.20

NSE 15:55 | 17 Nov 51.40 -0.95
(-1.81%)
OPEN

53.00

HIGH

53.90

LOW

51.05

OPEN 52.30
PREVIOUS CLOSE 52.35
VOLUME 279641
52-Week high 58.55
52-Week low 27.60
P/E
Mkt Cap.(Rs cr) 577
Buy Price 0.00
Buy Qty 0.00
Sell Price 51.40
Sell Qty 993.00
OPEN 52.30
CLOSE 52.35
VOLUME 279641
52-Week high 58.55
52-Week low 27.60
P/E
Mkt Cap.(Rs cr) 577
Buy Price 0.00
Buy Qty 0.00
Sell Price 51.40
Sell Qty 993.00

Everest Kanto Cylinder Ltd. (EKC) - Chairman Speech

Company chairman speech

1. To consider and adopt the audited Balance Sheet as at 31st March 2015 and theProfit and Loss Account and the Cash Flow Statement for the year ended on that date andthe Reports of the Board of Directors and of the Auditors thereon.

2. To appoint a Director in place of Mr. Puneet Khurana (DIN: 00004074) who retires byrotation and being eligible offers himself for re-appointment.

3. To ratify the appointment of M/s Walker Chandiok & Co. LLP CharteredAccountants as the Statutory Auditors at the 35th Annual General Meeting and to considerand if thought fit to pass with or without modification(s) the following resolution asan Ordinary Resolution:

“RESOLVED THAT pursuant to the provisions of Section 139 of the Companies Act2013 and the Rules made thereunder the appointment of M/s Walker Chandiok & Co. LLP.Chartered Accountants (Firm Registration Number 001076N) as the Statutory Auditors of theCompany at the 35th Annual General Meeting be and is hereby ratified.”

4. To appoint M/s. Arun Arora & Co. Chartered Accountants as the Branch Auditorsand to fix their remuneration and to consider and if thought fit to pass with orwithout modification(s) the following resolution as an Ordinary Resolution:

“RESOLVED THAT pursuant to the provisions of Section 143(8) of the CompaniesAct 2013 and the Rules made thereunder M/s. Arun Arora & Co. Chartered Accountants(Firm Registration Number A - 12018) be and are hereby re-appointed as the Branch Auditorsof the Company to hold office from the conclusion of this Annual General Meeting till theconclusion of the next Annual General Meeting of the Company on such remuneration as shallbe fixed by the Board of Directors.”

SPECIAL BUSINESS:

5. To consider and if thought fit to pass with or without modification(s) if anythe following resolution as an

Ordinary Resolution:

“RESOLVED THAT pursuant to the provisions of Sections 149 152 and otherapplicable provisions of the Companies Act 2013 read with Schedule IV to the CompaniesAct 2013 and the Companies (Appointment and Qualification of Directors) Rules 2014(including any statutory modification(s) or re-enactment thereof for the time being inforce) and Clause 49 of the Listing Agreements Mrs. Uma Acharya (DIN: 07165976) appointedas an Additional (Independent) Director of the Company pursuant to the provisions ofSection 161 of the Companies Act 2013 and the Articles of Association of the Company andwho holds office up to the date of this Annual General Meeting and being eligible offersherself for appointment as an Independent Director and in respect of whom the Company hasreceived a notice in writing from a member along with the requisite deposit pursuant tothe provisions of section 160 of the Companies Act 2013 signifying his intention topropose the candidature of Mrs. Uma Acharya for the office of Director of the Company beand is hereby appointed as an Independent Director of the Company not liable to retire byrotation and to hold office for a term of five years from this date.”

6. To consider and if thought fit to pass with or without modification(s) if anythe following resolution as an Ordinary Resolution:

“RESOLVED THAT pursuant to the provisions of Sections 149 152 and otherapplicable provisions of the Companies Act 2013 read with the Companies (Appointment andQualification of Directors) Rules 2014 (including any statutory modification(s) orre-enactment thereof for the time being in force) Mr. M. N. Sudhindra Rao (DIN: 01820347)appointed as an Additional (Independent) Director of the Company pursuant to theprovisions of Section 161 of the Companies Act 2013 and the Articles of Association ofthe Company and who holds office up to the date of this Annual General Meeting and beingeligible offers himself for appointment and in respect of whom the Company has received anotice in writing from a member along with the requisite deposit pursuant to theprovisions of section 160 of the Companies Act 2013 signifying his intention to proposethe candidature of Mr. M. N. Sudhindra Rao for the office of Director of the Company beand is hereby appointed as an Independent Director of the Company not liable to retire byrotation and to hold office for a term of five years from this date.”

7. To consider and if thought fit to pass with or without modification(s) if anythe following resolution as an Ordinary Resolution:

“RESOLVED THAT pursuant to the provisions of Section 148 and other applicableprovisions if any of the Companies Act 2013 read with the Companies (Audit andAuditors) Rules 2014 remuneration of ' 150000 (Rupees One Lakh Fifty Thousand Only)plus Service Tax and Out-Of-Pocket Expenses of Mr. Vinayak B. Kulkarni Cost Accountant[Membership No. 28559] appointed by the Board of Directors as the Cost Auditors of theCompany for the financial year 2015-16 fixed by the Board of Directors on therecommendation of the Audit Committee be and is hereby ratified and confirmed.”

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

"RESOLVED THAT subject to the provisions of section 186 and other applicableprovisions if any of the Companies Act 2013 and the Rules made thereunder investmentby way of equity share capital up to ' 500000 (Rupees Five Lakh Only) in EKC Positron GasLimited be and is hereby approved.”

RESOLVED FURTHER THAT the Board of Directors of the Company is hereby authorised todecide the terms and conditions and all other matters related to the aforesaidinvestment.”

By Order of the Board of Directors
P. K. Khurana
Mumbai Chairman and Managing Director
August 11 2015 DIN: 00004050