You are here » Home » Companies » Company Overview » NELCO Ltd

NELCO Ltd.

BSE: 504112 Sector: Telecom
NSE: NELCO ISIN Code: INE045B01015
BSE LIVE 09:40 | 20 Sep 136.40 10.85
(8.64%)
OPEN

130.00

HIGH

138.50

LOW

127.75

NSE 09:24 | 20 Sep 130.15 4.60
(3.66%)
OPEN

130.00

HIGH

135.35

LOW

127.25

OPEN 130.00
PREVIOUS CLOSE 125.55
VOLUME 380931
52-Week high 138.50
52-Week low 68.40
P/E 46.24
Mkt Cap.(Rs cr) 311
Buy Price 136.30
Buy Qty 426.00
Sell Price 136.95
Sell Qty 219.00
OPEN 130.00
CLOSE 125.55
VOLUME 380931
52-Week high 138.50
52-Week low 68.40
P/E 46.24
Mkt Cap.(Rs cr) 311
Buy Price 136.30
Buy Qty 426.00
Sell Price 136.95
Sell Qty 219.00

NELCO Ltd. (NELCO) - Chairman Speech

Company chairman speech

NOTICE TO THE SHAREHOLDERS

The SEVENTY FIRST ANNUAL GENERAL MEETING OF NELCO LIMITED will be held on Wednesdaythe 22nd January 2014 at 3.00 p.m. at Ebony Hotel Regenza By Tunga GroundFloor Plot No.37 Sector 30-A Vashi Navi Mumbai – 400 703 to transact thefollowing business:-

1. To receive consider and adopt the Audited Statement of Profit & Loss for theyear ended 30th September 2013 and the Audited Balance Sheet as at that date togetherwith the Reports of the Board of Directors and the Auditors thereon.

2. To appoint a Director in place of Mr. R. R. Bhinge who retires by rotation and iseligible for re-appointment.

3. To appoint a Director in place of Mr. V. K. Deshpande who retires by rotation and iseligible for re-appointment.

4. To appoint a Director in place of Mr. P. K. Ghose who retires by rotation and iseligible for re-appointment.

5. To appoint Auditors and fix their remuneration.

6. Appointment of Mr. Sanjay Dube as Director

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

"RESOLVED THAT Mr. Sanjay Dube who was appointed by the Board of Directors as anAdditional Director of the Company with effect from 6th June 2013 and who holdsoffice upto the date of the forthcoming Annual General Meeting of the Company in terms ofSection 161(1) of the Companies Act 2013 and Article 125 of the Articles of Associationof the Company but who is eligible for appointment and in respect of whom the Company hasreceived a notice in writing under Section 257 of the Companies Act 1956 from a Memberproposing his candidature for the office of Director of the Company be and is herebyappointed a Director of the Company."

7. Appointment of Mr. R. Savoor as Director

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

"RESOLVED THAT Mr. R. Savoor who was appointed by the Board of Directors as anAdditional Director of the Company with effect from 20th September 2013 and whoholds office upto the date of the forthcoming Annual General Meeting of the Company interms of Section 161(1) of the Companies Act 2013 and Article 125 of the Articles ofAssociation of the Company but who is eligible for appointment and in respect of whom theCompany has received a notice in writing under Section 257 of the Companies Act 1956 froma Member proposing his candidature for the office of Director of the Company be and ishereby appointed a Director of the Company."

8. Appointment of Mr. K. Raghuraman as Director

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

"RESOLVED THAT Mr. K. Raghuraman who was appointed by the Board of Directors asan Additional Director of the Company with effect from 20th September 2013 andwho holds office upto the date of the forthcoming Annual General Meeting of the Company interms of Section 161(1) of the Companies Act 2013 and Article 125 of the Articles ofAssociation of the Company but who is eligible for appointment and in respect of whom theCompany has received a notice in writing under Section 257 of the Companies Act 1956 froma Member proposing his candidature for the office of Director of the Company be and ishereby appointed a Director of the Company."

9. Appointment of Mr. K. Ramachandran as Director

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

"RESOLVED THAT Mr. K. Ramachandran who was appointed by the Board of Directors asan Additional Director of the Company with effect from 1st October 2013 and whoholds office upto the date of the forthcoming Annual General Meeting of the Company interms of Section 161(1) of the Companies Act 2013 and Article 125 of the Articles ofAssociation of the Company but who is eligible for appointment and in respect of whom theCompany has received a notice in writing under Section 257 of the Companies Act 1956 froma Member proposing his candidature for the office of Director of the Company be and ishereby appointed a Director of the Company."

Notes:

(a) The relative Explanatory Statement pursuant to Section 102 of the Companies Act2013 in respect of the business as set out in Item Nos. 6 to 9 above and the relevantdetails of the Directors seeking appointment/ re-appointment under item nos. 2 to 4 and 6to 9 above as required under Clause 49 of the Listing Agreements entered into with theStock Exchanges are annexed hereto.

(b) A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY OR PROXIES TOATTEND AND VOTE INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER. Proxies in order tobe effective should be duly stamped completed signed and deposited at the RegisteredOffice of the Company not less than 48 hours before the commencement of the meeting.

(c) Corporate Members intending to nominate their authorized representatives to attendthe Annual General Meeting are requested to send a certified copy of the Board Resolutionauthorizing their representative to attend and vote on their behalf at the Meeting.

(d) In case of joint holders attending the Meeting the joint holder who is higher inthe order of names will only be entitled to vote.

(e) The Register of Members and Share Transfer Books of the Company will remain closedfrom Wednesday 8th January 2014 to Friday 10th January 2014 (both days inclusive).

(f) Members are requested to notify immediately any change in their addresses and/orbank mandate details to the Company’s Registrars and Share Transfer Agents for sharesheld in physical form and to their respective Depository Participants for shares held inelectronic form.

(g) Consequent upon the amendment of Section 205A of the Act and introduction ofSection 205C by the Companies (Amendment) Act 1999 the amount of dividend declared forthe financial years upto 2005-06 which remained unclaimed /unpaid for a period of sevenyears from the date of transfer to the Unpaid Dividend Account of the Company has beentransferred to the Investor Education and Protection Fund ("the Fund") set up bythe Government of India and no payments shall be made in respect of any such claims by theFund.

Members who have not yet encashed their dividend warrant(s) for the financial yearended 2008-09 2009-10 and 2011-12 are requested to make their claims to the Companyaccordingly without any delay.

(h) Members desiring any information as regards the Accounts are requested to write tothe Company at an early date so as to enable the Management to keep the information readyat the meeting.

(i) As a measure of economy copies of the Annual Report will not be distributed at theAnnual General Meeting. Members are requested to bring their copies to the Meeting.

(j) It is recommended that the Members should convert their physical holdings intodemat holdings. Holding shares in demat form helps Members to get immediate transfer ofshares. No stamp duty is payable on transfer of shares held in demat form and risksassociated with physical certificates such as forged transfers fake certificates and baddeliveries are avoided. The Members should consolidate their shareholding held in multiplefolios. This facilitates one-stop tracking of all corporate benefits on the shares andwould reduce time and efforts required to monitor multiple folios.

(k) Members desirous of receiving Notice/Annual Report in electronic form may pleaseregister their consent on csg-unit@tsrdarashaw.com

By Order of the Board of Directors
21st November 2013. Girish V. Kirkinde
Company Secretary
Registered office:
MIDC Plot EL 6 TTC Industrial Area
Electronics Zone Mahape
Navi Mumbai – 400 710.