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Hindustan Foods Ltd.

BSE: 519126 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE254N01018
BSE LIVE 15:40 | 23 Oct 314.50 -5.50
(-1.72%)
OPEN

318.00

HIGH

318.00

LOW

307.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 318.00
PREVIOUS CLOSE 320.00
VOLUME 1440
52-Week high 337.25
52-Week low 98.00
P/E 146.96
Mkt Cap.(Rs cr) 409
Buy Price 316.00
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00
OPEN 318.00
CLOSE 320.00
VOLUME 1440
52-Week high 337.25
52-Week low 98.00
P/E 146.96
Mkt Cap.(Rs cr) 409
Buy Price 316.00
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00

Hindustan Foods Ltd. (HINDFOODS) - Chairman Speech

Company chairman speech

HINDUSTAN FOODS LIMITED ANNUAL REPORT 2002-2003 CHAIRMAN'S REPORT Ladies and Gentlemen, It gives me great pleasure to welcome you to this 18th Annual General Meeting of your Company. The Audited Accounts and the Directors' Report for the year ended 31st March, 2003, have been with you for some time and with your permission, I shall take them as read. Your Company was in Production for the full year 2002-2003 and has produced 1051 tonnes (1157 tonnes Previous year) for M/s. Heinz India Private Limited on job contract and has made a Profit of Rs. 55.13 lacs (Rs. 20.88 lacs of Loss for the last year) prior to writing off of Rs. 54.29 lacs, the obsolete inventory. I take this opportunity to thank the State Government, Central Government, Bankers, for their continued assistance and support and look forward to the same during the current year. I also wish to thank Ms. V.S. Dempo and Co. Pvt Ltd., for their valuable support during the year and to their commitment to the ultimate success of your Company. I am grateful to the Shareholders for their goodwill and confidence in the Management and Iam particularly thankful to all the members present here, for making it convenient to attend this meeting. I take this opportunity to appreciate the devotion to duty and dedicated service put in by the employees of the Company. I am also thankful to my colleagues on the Board for their continuous valuable advice and guidance. I now commend the Accounts and Directors' Report for the year ended 2002- 2003, for your consideration and adoption. Date : 19/09/2003 [N.B. This does not purport to be a record of the proceedings of the Annual General Meeting.] PRESENT: 1. Mr. Shrinivas V. Dempo - Chairman 2. Mr. Soiru V. Dempo - Director 3. Dr. A. B. Prasad - Director & Member 4. Mr. G. S. Talekar - General Manager AND 5. Mr. C. N. Kenkre - Representing V. S. Dempo & Co. Pvt. Ltd. 6. Mr. K. G. Mantri - Representing Motown Investments Pvt. Ltd. 7. Mrs. Sugandha Kamat - Representing Marmagoa Shipping & Stevedoring Co. Pvt. Ltd. 8. Mr. B. T. Boke - Member 9. Mr. S. M. Gaitonde - Member 10. Ms. Leena S. Fulari - Proxy CHAIRMAN OF THE MEETING : Mr. Shrinivas V. Dempo, Chairman of the Company occupied the Chair. AUDITORS' REPORT Chairman welcomed the members and with their consent declared the notice convening the Meeting as read and called the meeting to order. At his request, Mr. G.S. Talekar read the Auditors' Report. CHAIRMAN'S STATEMENT Chairman thereafter made a statement on the working of the Company during the period under review and briefed on the future course envisaged. ADOPTION OF ACCOUNTS Chairman moved that the Audited Balance Sheet of the Company as at 31st March, 2003 and the Profit & Loan Account for the period ended on that date together with the Directors' Report and the Report of the Auditors' to the members be adopted. Chairman thereafer invited the members to see any clarification if they so desire. As there were no questions, the following Resolution was proposed by the Chairman. ORDINARY BUSINESS RESOLUTION NO. 1 RE: ADOPTION OF THE BALANCE SHEET AS AT 31ST MARCH, 2003 AND PROFIT & LOSS ACCOUNT FOR 2002 - 2003 TOGETHER WITH THE DIRECTORS' REPORT AS AN ORDINARY RESOLUTION Proposed as Ordinary Resolution by - The Chairman Seconded by - Mr. B. T. Boke "RESOLVED THAT the audited Balance Sheet of the Company as at 31.03.03 and the Profit and Loss Account for the year ended on that day together with the Directors' Report and Auditors' Report thereon be and the same are hereby adopted." Carried unanimously on show of hands. RESOLUTION NO. 2 RE: APPOINTMENT OF A DIRECTOR IN PLACE OF DR. A. 13. PRASAD RETIRING BY ROTATION AS AN ORDINARY RESOLUTION: Proposed as Ordinary Resolution by - Mr. C. N. Kenkre Seconded by - Mr. S. M. Gaitonde "RESOLVED THAT Dr. A . B. Prasad who retires by rotation at this Meeting, being eligible for re-appointment be and is hereby re-appointed as Director of the Company." Carried unanimously on show of hands. RESOLUTION NO. 3 RE: APPOINTMENT OF AUDITORS IN PLACE OF M/S. R SUNDARARAMAN & CO. RETIRING- BY ROTATION AS AN ORDINARY RESOLUTION Proposed as Ordinary Resolution by - Mr. K. G. Mantri Seconded by - Mrs. Sugandha Kamat "RESOLVED THAT auditors M/s. R. Sundararaman & Co., Chartered Accountants, Chennai be and are hereby appointed as the Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next General Meeting of the Company. FURTHER RESOLVED THAT the Chairman be and is hereby authorised to fix the remuneration and other related expenses in connection with audit incurred by them for discharging their duties as auditors of the Company for the current near. Carried unanimously on show of hands. RESOLUTION NO. 4 RE: APPOINTMENT OF A DIRECTOR, ADV. SUDIN M. USGAONKAR RETIRING BY ROTATION AS AN ORDINARY RESOLUTION: Proposed as Ordinary Resolution by - Ms. Leena S. Fulati Seconded by - Mr. B. T. Boke "RESOLVED THAT Adv. Sudin hL Usgaonkar who was appointed as an Additional Director under Section 260 of the Companies Act 1956, read with Article 117 of the Articles of Association of the Company and who holds office upto the. date of this Annual General Meeting. be and is herehy appointed as a Director retiring by- rotation of the Company." Carried unanimously on show of hands. As there was no other business, the Meeting was terminated with a vote of thanks to the Chair and the Members present. CHAIRMAN