You are here » Home » Companies » Company Overview » Lakhotia Polyesters (India) Ltd

Lakhotia Polyesters (India) Ltd.

BSE: 535387 Sector: Industrials
NSE: N.A. ISIN Code: INE191O01010
BSE LIVE 13:17 | 22 Sep 7.80 0
(0.00%)
OPEN

7.80

HIGH

7.80

LOW

7.80

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.80
PREVIOUS CLOSE 7.80
VOLUME 40
52-Week high 8.00
52-Week low 7.50
P/E
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.80
Sell Qty 61.00
OPEN 7.80
CLOSE 7.80
VOLUME 40
52-Week high 8.00
52-Week low 7.50
P/E
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.80
Sell Qty 61.00

Lakhotia Polyesters (India) Ltd. (LAKHOTIAPOLY) - Chairman Speech

Company chairman speech

CHAIRMANS STATEMENT

NOTICE TO SHAREHOLDERS

NOTICE is hereby given that the 8th Annual General Meeting of the Members ofM/s. LAKHOTIA POLYESTERS (INDIA) LIMITED will be held on 13th September, 2013at 02:30 pm at 158/159 Samaratha Sahkari Audyogik Vasahat Ltd., Pimpal- Gaon (Baswant),Tal.- Niphad, Nashik - 422209, Maharashtra, India to transact the following business:

ORDINARY BUSINESS

1. To Consider and adopt the Balance Sheet as at 31st March 2013, and theStatement of Profit & Loss for the year ended 31st March 2013, along withthe report of the Board of Directors and Auditors thereon.

2. To appoint Auditors to hold office till the conclusion of the next Annual GeneralMeeting and to fix their remuneration.

3. To appoint a director in place of Mrs. Jayshree Lakhotia, who retires by rotationand being eligible, offers herself for re-appointment.

SPECIAL BUSINESS

4. To regularize Mr. Sajan Choudhary as director on the Board of the Company.

To consider and if thought fit, pass, with or without modification(s), followingresolution as an "Ordinary Resolution".

"RESOLVED THAT Mr. Sajan Choudhary, who was appointed as an Additional Director ofthe company w.e.f. 12th October, 2012 and who holds the said office until thedate of this meeting in terms of Section 260 of the Companies Act, 1956 and in respect ofwhom the company has received a notice in writing from a member under Section 257 of theCompanies Act, 1956 , proposing his candidature for the office of Director, be and ishereby appointed as Director of the Company liable to retire by rotation".

"RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do allsuch acts, deeds, matters and things as may be deemed necessary or desirable in suchmanner as it deem fit in this regard to give effect to this resolution".

5. To regularize Mr. Shailesh Mistry as director on the Board of the Company.

To consider and if thought fit, pass, with or without modification(s), followingresolution as an "Ordinary Resolution".

"RESOLVED THAT Mr. Shailesh Mistry, who was appointed as an Additional Director ofthe company w.e.f. 12th October, 2012 and who holds the said office until thedate of this meeting in terms of Section 260 of the Companies Act, 1956 and in respect ofwhom the company has received a notice in writing from a member under Section 257 of theCompanies Act, 1956 , proposing his candidature for the office of Director, be and ishereby appointed as Director of the Company liable to retire by rotation".

"RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do allsuch acts, deeds, matters and things as may be deemed necessary or desirable in suchmanner as it deem fit in this regard to give effect to this resolution".

6. To regularize Mr. Vicky Jain as director on the Board of the Company.

To consider and if thought fit, pass, with or without modification(s), followingresolution as an "Ordinary Resolution".

"RESOLVED THAT Mr. Vicky Jain , who was appointed as an Additional Director of thecompany w.e.f. 12th October, 2012 and who holds the said office until the dateof this meeting in terms of Section 260 of the Companies Act, 1956 and in respect of whomthe company has received a notice in writing from a member under Section 257 of theCompanies Act, 1956 , proposing his candidature for the office of Director, be and ishereby appointed as Director of the Company liable to retire by rotation".

"RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do allsuch acts, deeds, matters and things as may be deemed necessary or desirable in suchmanner as it deem fit in this regard to give effect to this resolution".

7. To regularize Mr. Harish Khajanchi as director on the Board of the Company.

To consider and if thought fit, pass, with or without modification(s), followingresolution as an "Ordinary Resolution".

"RESOLVED THAT Mr. Harish Khajanchi, who was appointed as an Additional Directorof the company w.e.f. 28th January, 2013 and who holds the said office untilthe date of this meeting in terms of Section 260 of the Companies Act, 1956 and in respectof whom the company has received a notice in writing from a member under Section 257 ofthe Companies Act, 1956 , proposing his candidature for the office of Director, be and ishereby appointed as Director of the Company liable to retire by rotation;

RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do all suchacts, deeds, matters and things as may be deemed necessary or desirable in such manner asit deem fit in this regard to give effect to this resolution.

NOTES:

1. A member who is entitled to attend and vote at the annual general meeting isentitled to appoint a proxy to attend and vote instead of himself and the proxy need notbe a member of the Company.

2. A proxy form in order to be effective must be deposited at the Registered Office ofthe Company not less than 48 hours before the scheduled commencement of the meeting. Ablank proxy form is sent herewith.

3. The register of members and share transfer books of the Company will remain closedfrom 10th September, 2013 to 13th September, 2013 (both days inclusive).

4. The Shareholders are requested to notify their change of address immediately to theRegistrars & Transfer Agent - Sharex Dynamic (India) Private Limited. The Company orits registrar will not act on any request received directly from the shareholder holdingshares in electronic form for any change of bank particulars or bank mandate. Such changesare to be advised only to the Depository Participant by the Shareholders.

5. Section 109A of the Companies Act, 1956 extends nomination facility to allshareholders. They may like to avail it.

6. Equity shares of the Company are under compulsory demat trading by all investors.Those shareholders who have not dematerialized their equity shares are advised todematerialize their shareholding, to avoid inconvenience in future.

7. Members intending to seek explanation / clarification about the Accounts at theAnnual General Meeting are requested to inform the Company at least a week in advance oftheir intention to do so, so that relevant information may be made available, if theChairman permits such information to be furnished.

8. Members are requested to intimate their Email IDs for correspondence and quickerresponse to their queries.

9. Re-appointment of Directors: At the ensuing Annual General Meeting Mrs. JayshreeLakhotia, liable for retire by rotation, and being eligible, offer herself forreappointment. The details pertaining to these directors required to be provided pursuantto Clause 52 of the listing agreement are furnished as annexure to this notice.

10. The Securities and Exchange Board of India (SEBI) has recently, vide its CircularNo. MRD/DoP/Cir-05/2009 dated 20th May, 2009, made it mandatory to submit PermanentAccount Number (PAN) by every participant in securities market. Members holding shares inelectronic form are, therefore, requested to submit their PAN to their DepositaryParticipant with whom they are maintaining their demat accounts. Member holding shares inphysical form can submit their PAN details to the Company. The Company has an Email Id.i.e info@lakhotiapoly.in, which is being used for the purpose of redressing the complaintsof the investors.

BY ORDER OF THE BOARD

FOR LAKHOTIA POLYESTERS (INDIA) LIMITED.

Sd/-

Madhusudan Lakhotia

(Chairman & Managing Director) Place: Nashik Date: 12th August, 2013