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Omega Ag Seeds (Punjab) Ltd.

BSE: 519479 Sector: Others
NSE: N.A. ISIN Code: INE112B01013
BSE LIVE 13:55 | 17 Oct 5.00 0
(0.00%)
OPEN

5.00

HIGH

5.00

LOW

5.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 5.00
PREVIOUS CLOSE 5.00
VOLUME 50
52-Week high 12.00
52-Week low 4.70
P/E 166.67
Mkt Cap.(Rs cr) 4
Buy Price 5.00
Buy Qty 950.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.00
CLOSE 5.00
VOLUME 50
52-Week high 12.00
52-Week low 4.70
P/E 166.67
Mkt Cap.(Rs cr) 4
Buy Price 5.00
Buy Qty 950.00
Sell Price 0.00
Sell Qty 0.00

Omega Ag Seeds (Punjab) Ltd. (OMEGAAGSEEDS) - Chairman Speech

Company chairman speech

Mr. Nerella Venkatarama Mohan Rao is a Director in all above said Companies and a‘Related Party’ within the meaning of Section 2(76) of the Companies Act 2013and Clause 49-VIII(B)(2) of the Listing Agreement. (effective from October 1 2014).

In terms of proviso to Clause 49-VIII(C) of the Listing Agreement the proposedcontracts /arrangement /transactions relating to transfer or receipt of products goodsmaterials or services with related party are material in nature as these transactions arelikely to exceed 10% of the net worth or turnover of the Company as per the last auditedfinancial statements of the Company. Therefore in terms of Clause 49-VIII(C) thecontracts / arrangement /transactions with related party requires the approval ofunrelated shareholders of the Company by a special resolution.

Mr. Nerella Venkatarama Mohan Rao and Venkata Raghunadh Nerella are interested in theresolution set forth in Item No.10 of the Notice.

Save and except the above none of the other Directors/Key Managerial Personnel of theCompany/ their relatives are in any way concerned or interested financially orotherwise in this resolution.

The Board recommends the resolution set forth in Item No.4 of the Notice for approvalof the unrelated shareholders of the Company.

By Order of the Board
For Omega AG Seeds (Punjab) Limited
Sd/-
Place: Hyderabad [N.V.R. MOHAN RAO]
Date : 29th August 2015 Managing Director