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Oriental Veneer Products Ltd.

BSE: 531859 Sector: Others
NSE: N.A. ISIN Code: INE457G01011
BSE LIVE 15:18 | 14 Dec 449.00 4.05
(0.91%)
OPEN

431.00

HIGH

449.00

LOW

431.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 431.00
PREVIOUS CLOSE 444.95
VOLUME 96
52-Week high 540.00
52-Week low 168.50
P/E 36.18
Mkt Cap.(Rs cr) 242
Buy Price 431.00
Buy Qty 5.00
Sell Price 449.00
Sell Qty 4.00
OPEN 431.00
CLOSE 444.95
VOLUME 96
52-Week high 540.00
52-Week low 168.50
P/E 36.18
Mkt Cap.(Rs cr) 242
Buy Price 431.00
Buy Qty 5.00
Sell Price 449.00
Sell Qty 4.00

Oriental Veneer Products Ltd. (ORIENTALVENEER) - Chairman Speech

Company chairman speech

Notice is hereby given that the Twenty Fourth Annual general meeting of the members ofOriental Veneer Products Limited will be held on Wednesday September 30 2015 at 4.00P.M. at Aghai (via) Kalyan Railway Station Thane Maharashtra - 421301 to transact thefollowing business:

Ordinary Business:

1. To receive consider approve and adopt:

(a) the Audited Financial Statements of the Company for the financial year ended March31 2015 together with the Reports of the Directors and Auditors thereon; and

(b) the Audited Consolidated Financial Statements of the Company for the financial yearended March 31 2015 together with the Reports of the Auditors thereon.

2. To appoint a Director in place of Mr. Karim Nooruddin Mithiborwala (DIN 00171326)who retires by rotation at this Annual General Meeting and being eligible offers himselffor re-appointment.

3. To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to Section 139 and other applicable provisions of the ofthe Companies Act 2013 ("Act") read with the Companies (Audit & Auditors)Rules 2014 framed there under (including any statutory modification(s) orre-enactment(s) thereof for the time being in force) pursuant to the recommendations ofthe audit committee of the board of direct and pursuant to the resolution passed by themembers at the AGM held on 30th December 2014 the appointment of M/s Anil Bansal &Associates Chartered Accountants (ICAI Firm Registration No.100421W) and M/s NBS &Co. Chartered Accountants Mumbai (Reg. No. 110100W) as the Statutory Auditors of theCompany to hold office till the conclusion of the 26th AGM of the company to beheld in the calendar year 2017 and 25th AGM of the company to be held in thecalendar year 2016 respectively be and is hereby ratified and that the board of directorsbe and is hereby authorised to fix the remuneration plus service tax out-of pockettravelling and living expenses etc. payable to them for the financial year ending March31 2016 as may be determined by the audit committee in consultation with the auditors andsuch remuneration as may be agreed between the auditors and Board of Directors."

Special Business:

4. appointment of Mrs. deepa dinesh raut (Din: 07177364) as an independent director ofthe company

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

"RESOLVED THAT Mb. Deepa Dinesh Raut (DIN: 07177364) who was appointed as anAdditional Director cum Independent Director of the Company by the Board of Directors witheffect from 26th May 2015 in terms of Section 161 of the Companies Act 2013and Article of Association of the Company and whose term of office expires at the AnnualGeneral meeting and in respect of whom the Company has received notice in writing from amember proposing her candidature for office of Director be and hereby appointed as aNon-executive Independent Director of the Company and to hold office for a term up to 25thMay 2020 pursuant to Section 149 152 160 and other applicable provisions if any of theCompanies Act 2013 and the Rules thereunder who shall not be liable to retire byrotation at the Annual General Meeting."

5. Appointment of Mr. Suresh Govind Mane(DIN: 07247232) as an Independent Director ofthe Company

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

"RESOLVED THAT Mr. Suresh Govind Mane (DIN: 07247232) who was appointed as anAdditional Director cum Independent Director of the Company by the Board of Directors witheffect from 13th June 2015 in terms of Section 161 of the Companies Act 2013and Article of Association of the Company and whose term of office expires at the AnnualGeneral meeting and in respect of whom the Company has received notice in writing from amember proposing her candidature for office of Director be and hereby appointed as aNon-executive Independent Director of the Company and to hold office for a term up to 12thJune 2020 pursuant to Section 149 152 160 and other applicable provisions if any of theCompanies Act 2013 and the Rules thereunder who shall not be liable to retire byrotation at the Annual General Meeting."

6. Approval of related Party Transactions:

To consider and if thought fit to pass with or without modification followingresolution as a special Resolution:

"RESOLVED THAT pursuant to the provisions of Section 188 of the Companies Act2013 and Rule 15 of Companies (Meetings of Board and its Powers) Rules 2014 and otherapplicable provisions if any consent of Shareholders be and is hereby accorded withrespect to the transactions with related parties the details of which are as mentionedbelow:

name of the Related Party nature of Relationship Particulars of contract Period Maximum amount of transaction in financial year ('
Oriental Technocraft Private Limited Entity in which Director is interested Purchase of materials 1st April 2015 to 31st March 2018 20.00 Crore
Oriental Technocraft Private Limited Entity in which Director is interested Sale of materials 1st April 2015 to 31st March 2018 30.00 Crore

"RESOLVED FURTHER THAT any of the Directors of the Company be and is herebyauthorized to do all such acts deeds matters and things and execute such documentsincluding filing of e-Form MGT 14 with Registrar of Companies deeds and writings as maybe necessary to give effect to the above resolutions"

Thane August 14 2015 By order of the Board
For Oriental Veneer Products Limited
Registered Office : Karim N. mithiborwala
Village Aghai Via Kalyan Railway Station (Din : 00171326)
Thane -421 301 Chairman & Managing Director