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Ganga Papers India Ltd.

BSE: 531813 Sector: Industrials
NSE: N.A. ISIN Code: INE278O01015
BSE LIVE 10:05 | 16 Oct 30.45 0.40
(1.33%)
OPEN

30.45

HIGH

30.45

LOW

30.45

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 30.45
PREVIOUS CLOSE 30.05
VOLUME 100
52-Week high 30.45
52-Week low 9.53
P/E 18.23
Mkt Cap.(Rs cr) 33
Buy Price 29.90
Buy Qty 2000.00
Sell Price 0.00
Sell Qty 0.00
OPEN 30.45
CLOSE 30.05
VOLUME 100
52-Week high 30.45
52-Week low 9.53
P/E 18.23
Mkt Cap.(Rs cr) 33
Buy Price 29.90
Buy Qty 2000.00
Sell Price 0.00
Sell Qty 0.00

Ganga Papers India Ltd. (GANGAPAPERS) - Chairman Speech

Company chairman speech

NOTICE

NOTICE is hereby given that the Twenty Eighth Annual General Meeting of the Members ofthe Company will be held on Saturday the 29th day of September 2012 at 10.30 A.M. at theRegistered Office of the Company at D-8, Sanskruti Prangan, S.No. 131, Baner –Balewadi Road, Baner Pune - 411 046 to transact the following business:

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March 2012 andthe Statement of Profit & Loss Account for the year ended 31st March 2012 and thereport of the Director’s and the Auditor’s thereon.

2. To appoint a Director in place of Mr. Sanjeev Jalan, who retires by rotation andbeing eligible offers himself for re-appointment

3. To appoint a Director in place of Mr. Sharwn Kanodia, who retires by rotation andbeing eligible offers himself for re-appointment

4. To appoint a Director in place of Mr. Amit Chaudhary, who retires by rotation andbeing eligible offers himself for re-appointment

5. To consider and if thought fit, to pass with or without modifications, the followingresolution as an Ordinary Resolution:

"RESOLVED THAT Pursuant to provisions of Section 224 and other applicableprovisions, if any, of the Companies Act, 1956 Mr. Ritesh Bajoria & Co. CharteredAccountants, Varanasi be and are hereby appointed as the Statutory Auditors of the Companyto hold office from the conclusion of this Annual General Meeting until the conclusion ofnext Annual General Meeting of the Company in place of M/s V.K. Jindal & Co. CharteredAccountants, the retiring Auditors of the Company, who have shown their unwillingness tobe reappointed as Auditors of the Company.

RESOLVED FURTHER THAT the Board be and are hereby authorized to do all suchacts, deed, matters and things as may be necessary to implement this resolution."

SPECIAL BUSINESS:

6. To consider and if thought fit, to pass with or without modifications, the followingresolution as an Ordinary Resolution.

"RESOLVED THAT, pursuant to Sec. 198, 269, 309 read with schedule XIII andother applicable provisions; if any of the Companies Act, 1956 and in terms of resolutionpassed at the Annual General Meeting held on 29.09.2007, the approval of the members ofthe Company be and is hereby accorded for reappointment of Mr. Sandeep Kanoria as ManagingDirector of the Company for a further period of 5 years with effect from 08.06.2012without any remuneration and on the terms and conditions approved by the Board ofDirectors of the company and as set out in the explanatory statement.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is herebyauthorised to change the terms of appointment from time to time, to the extent the Boardof Directors may consider and as may be authorised in accordance with the provisions ofthe Companies Act, 1956 for the time being in force or any statutory modifications orre-enactment thereof and / or in rules and regulations promulgated there under."

FOR AND ON BEHALF OF BOARD OF DIRECTORS

Ramesh Chaudhary

Chairman

Place: Pune

Date: 03.09.2012

EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE

COMPANIES ACT, 1956

Item No 6

The members at their annual general meeting held on 29.09.2007 had approved theappointment of Mr. Sandeep Kanoria. As per the terms of the said appointment, it isproposed to reappoint Mr. Sandeep Kanoria without any remuneration for a futher period offive years with effect from 08.06.2012.

The reappointment has been made in the Board Meeting held on 14th August, 2012 as perthe recommendation of the remuneration committee. The Board of Directors of your Companyrecommends the resolution as set in Point No. 6 of the Notice for your approval.

None of Director of the Company other than Mr. Sandeep Kanoria is concerned or

interested in the resolution.

FOR AND ON BEHALF OF BOARD OF DIRECTORS

Ramesh Chaudhary

Chairman

Place: Pune

Date: 03.09.2012