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

Nutricircle Ltd.

BSE: 530219 Sector: Industrials
NSE: N.A. ISIN Code: INE536C01029
BSE LIVE 13:59 | 15 Jun Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 71.20
PREVIOUS CLOSE 67.85
VOLUME 114
52-Week high 71.35
52-Week low 12.50
P/E 85.78
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 71.20
Sell Qty 466.00
OPEN 71.20
CLOSE 67.85
VOLUME 114
52-Week high 71.35
52-Week low 12.50
P/E 85.78
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 71.20
Sell Qty 466.00

Nutricircle Ltd. (NUTRICIRCLE) - Chairman Speech

Company chairman speech

To consider and adopt the Audited Balance Sheet as at 31st March 2015 and AuditedProfit & Loss Account for the period ended on that date together with the reports ofBoard of Directors and Auditors thereon.

To appoint a Director in place ofMr. C.S Jadhav who retires by rotation and beingeligible offers himself for reappointment.

To appoint a Director in place of Mr. Gaurav P. Shah who retires by rotation and beingeligible offers himself for reappointment.

To consider ratification of the appointment of M/s S.K. Bang & Co.CharteredAccountants as the Statutory Auditors of the Company and to fix their remuneration“RESOLVED THAT pursuant to Section 139142 and other applicable provisions if anyofCompanies Act 2013 and rules made there under and resolution passed by the members intheir 21st AGM held on 9th July 2014 the appointment of M/s. S.K. Bang & CoChartered Accountants as the Statutory Auditors of the Company to hold office till theconclusion of the AGM to be held in the calendar year 2017 be and is hereby ratified.

“ RESOLVED FURTHER THAT that the Board of Directors of the Company be and ishereby authorised to fix the remuneration payable to Statutory Auditors for the financialyear ending March 312016.”

SPECIAL BUSINESS:

To consider and if thought fit to pass with or without modifications the followingresolutions as Ordinary resolution:

“RESOLVED THAT Bhanu Kumari Maganti who was appointed as an Additional Directorof the Company by the Board of Directors and who holds the office as per Section 161 ofthe Companies Act 2013 up to the ensuing Annual General Meeting and in respect of whomthe Company has pursuant to the provisions of Section 160 of the Companies Act 2013received a notice in writing from a member proposing his candidature for the office ofDirector be and is hereby appointed as the Director of the Company liable to retire byrotation.”

To consider and if thought fit to pass with or without modification (s) the purchaseof shares from related parties to takeover the Management of the Company M/s. Inner BeingNutricare Private Limited with or without modification (s) as a Special Resolution:

“RESOLVED THAT pursuant to section 185186&188 and other applicable provisionsof the Companies Act 2013 consent of the Company be and is hereby accorded to purchase10000 equity shares of Rs.10/- each consist of 100% issued subscribed and paid up capitalfrom the shares holders of M/s. Inner Being Nutricare Private Limited who happens to bethe present Directors of the Company at a purchase consideration of Rs. 500/- per shareof face value of Rs.10/- each aggregating to Rs. 5000000 (Rupees Fifty Lacs Only) as perthe valuation report of the Merchant Bankers dated 29th August 2015 .

“ RESOLVED FURTHER THAT the Board be and is hereby authorized in its entirediscretion to decide time of the purchase of the entire shares in one or more tranchesincluding the size and relative

components of the same from the shareholders of M/s. Inner Being Nutricare PrivateLimited who happens to be the present Directors of the Company and for the purpose ofgiving effect to this resolution the Board be and is hereby authorized on behalf of theCompany to do all such acts deeds matters and things as it may at its discretion deemnecessary or desirable for such purpose including without limitation appointment ofconsultants solicitors merchant bankers or any other agencies as may be required withpower on behalf of the Company to settle any questions difficulties or doubts that mayarise in this regard in its absolute discretion as deem fit without being required toseek any further clarification consent or approval of the members or otherwise to the endand intent that the members shall be deemed to have given their approval thereto expresslyby the authority of this resolution.

“RESOLVED FURTHER THAT the Board be and is hereby authorized to delegate all orany of the powers herein conferred to any Committee of Directors or Officer(s) of theCompany to give effect to this resolution and for the purpose ofpurchase of 10000 equityshares of face value of Rs. 10/- each of Shares in one or more tranches including the sizeand relative components of the same from the shareholders of M/s. Inner Being NutricarePrivate Limited”.

To consider and if thought fit to pass with or without modification (s) to raiseloan/finance from the Director/promoter/ or their relatives/Associates with or withoutmodification (s) as a Special Resolution:

“RESOLVED THAT pursuant to section 4262&188 and other applicable provisionsof the Companies Act 2013 as amended (the “Companies Act 2013”) and the rulesmade thereunder to the extent notified and the Memorandum & Articles ofAssociation ofthe Company consent of the Company be and is hereby accorded to accept loan up to Rs.10cr (Rupees Ten Crores) including the loans already accepted from the Director Promotertheir relatives and associates with an interest rate 2% more than the Normal Bank Interestrate in one or more tranches” .

“RESOLVED FURTHER THAT consent of the Company be and is hereby accorded forutilization of the loan and interest amount there on as may be received by the companyincluding’s loans and advances already given from the Director Promoter theirrelatives and associates may be used against future issue /subscription of any shares(both equity or preference shares) in accordance with the applicable provisions of theCompanies Act 2013 as amended (the “Companies Act 2013”) and the rules madethereunder to the extent notified and as per Chapter VII of the SEBI (Issue of Capital andDisclosure Requirements) Regulations 2009 and other applicable relevant guidelines of theSecurities & Exchange Board of India Listing Agreements entered into with the StockExchanges and the Memorandum & Articles of Association of the Company and any otherapplicable laws / rules / regulation and subject to the consent / approval of any otherauthorities / institutions and on such terms and conditions as may be decided and deemedappropriate by the Board ofDir ectors of the Company (hereinafter referred to as the“Board” which shall be deemed to include any duly authorized Committee thereof)at the time of issue or allotment”.

“RESOLVED FURTHER THAT subject to section 42 &62 and other applicableprovisions of the Companies Act 2013 Companies (Share Capital and Debentures) Rules2014 amendment thereto and the Memorandum & Articles ofAssociation of the Company theBoard be and is hereby solely responsible to validate the life span of this resolution byway of passing of necessary ratification resolution as and when required under section42 &62 and other applicable provisions of the Companies Act 2013 Companies (ShareCapital and Debentures) Rules 2014 amendment thereto and the Memorandum & ArticlesofAssociation of the Company”.

“RESOLVED FURTHER THAT the Board be and is hereby authorized in its entirediscretion to decide time of the issue of the shares including the size and relativecomponents of the same and for the purpose of giving effect to this issue or allotment ofshares the Board be and is hereby authorized on behalf of the Company to do all suchacts deeds matters and things as it may at its discretion deem necessary or desirablefor such purpose including without limitation appointment of consultants solicitorsmerchant bankers or any other agencies as may be required with power on behalf of theCompany to settle any questions difficulties or doubts that may arise in regard to anysuch issue offer or allotment of Equity Shares and in complying with any Regulations asmay in its absolute discretion deem fit without being required to seek any furtherclarification consent or approval of the members or otherwise to the end and intent thatthe members shall be deemed to have given their approval thereto expressly by theauthority of this resolution.”

“RESOLVED FURTHER THAT the Board be and is hereby authorized to delegate all orany of the powers herein conferred to any Committee of Directors or Officer(s) of theCompany to give effect to this resolution and for the purpose of allotment ofShares”.

By Order of the Board
Place: Hyderabad Sd/-
Date : 31.08.2015 HITESH M. PATEL
Managing Director