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Samyak International Ltd.

BSE: 530025 Sector: Others
NSE: N.A. ISIN Code: INE607G01011
BSE LIVE 15:06 | 06 Nov 10.60 0.20
(1.92%)
OPEN

10.40

HIGH

10.60

LOW

10.40

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 10.40
PREVIOUS CLOSE 10.40
VOLUME 2612
52-Week high 16.30
52-Week low 7.37
P/E 24.09
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 10.40
CLOSE 10.40
VOLUME 2612
52-Week high 16.30
52-Week low 7.37
P/E 24.09
Mkt Cap.(Rs cr) 7
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Samyak International Ltd. (SAMYAKINTERNATI) - Chairman Speech

Company chairman speech

NOTICE is hereby given that the 21st Annual General Meeting of SamyakInternational Limited will be held on Tuesday September 29th 2015 at 2:30 p.m. atA/12-10 "APURVA" L.B.S. Marg Mulund (W) Mumbai - 400080 Maharashtra totransact the following business:

1. ADOPTION OF FINAL ACCOUNTS

To receive consider and adopt the Audited Statement of Profit and Loss for the yearended March 31 2015 and the Balance Sheet as at that date together with the Reports ofthe Board of Directors and the Auditors thereon.

2. APPOINTMENT OF DIRECTOR

To appoint a Director in place of Mr. Shantilal Jain (DIN 00469834) who retires byrotation and being eligible offers himself for re-appointment.

3. APPOINTMENT OF AUDITOR

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

RESOL VED THAT pursuant to the provisions of section 139 and other applicableprovisions if any of the Companies Act 2013 and the Rules framed thereunder as amendedfrom time to time Bharat Neema & Co. Chartered Accountants (CA Bharat NeemaMembership No. 074810) be and is hereby re-appointed as Auditors of the Company to holdoffice from the conclusion of this Annual General Meeting (AGM) till the conclusion of thetwenty-third AGM of the Company to be held in the year 2017 (subject to ratification oftheir appointment at every AGM) at such remuneration plus service tax out-of-pockettravelling and living expenses etc. as may be mutually agreed between the Board ofDirectors of the Company and the Auditors.@

SPECIAL BUSINESS

4. RE-APPOINTMENT OF MR. SUDHIR JAIN AS MANAGING DIRECTOR OFTHE COMPANY AND INCREASEIN REMUNERATION:

To consider and if thought fit to pass with or without modification(s) the followingresolution as a

Special Resolution:

RESOL VED THAT pursuant to the provisions of Section 196 197 203 and any otherapplicable provisions of the Companies Act 2013 and the rules made there under (includingany statutory modification(s) or re-enactment thereof for the time being in force) readwith Schedule V to the Companies Act 2013 and Articles of Association of the Company andsubject to the approval of Central Government or other Government authority/agency/boardif any the consent of the shareholders of the Company be and is hereby accorded tore-appoint Mr. Sudhir Jain as Managing Director of the Company for a period of five yearswith effect from September 30 2015.

FUR THER RESOLVED THAT pursuant to the provisions of Section 196 197 203 and anyother applicable provisions of the Companies Act 2013 and the rules made there under(including any statutory modification(s) or re-enactment thereof for the time being inforce) read with Schedule V to the Companies Act 2013 and Articles of Association of theCompany and subject to the approval of Central Government or other Governmentauthority/agency/board if any approval of the Company be and is hereby accorded to pay aremuneration of Rs. 660000/- (Rupees Six Lakh Sixty Thousand Only) per annum to Mr.Sudhir Jain Managing Director of the Company the details of which are given in theExplanatory Statement annexed hereto.

FUR THER RESOLVED THAT the Board of Directors of the Company or any committeethereof be and is hereby authorized to do all such acts deeds and things as in itsabsolute discretion it may think necessary expedient or desirable; to settle any questionor doubt that may arise in relation thereto in order to give effect to the foregoingresolution and to seek such approval/ consent from the government departments as may berequired in this regard.

FUR THER RESOLVED THAT the Board of Directors of the Company or any committeethereof be and is hereby also authorized to amend alter modify or otherwise vary theterms and conditions of appointment of Mr. Sudhir

Jain Managing Director including the components of the above mentioned remunerationpayable to him subject to the overall cap of Rs. 660000/- (Rupees Six Lakh SixtyThousand Only) per annum.@

5. RE-APPOINTMENT OF MR. SHANTILAL JAIN AS WHOLE TIME DIRECTOR AND INCREASE INREMUNERATION:

To consider and if thought fit to pass with or without modification(s) the followingresolution as a Special Resolution

RESOL VED THAT in pursuance to the provisions of Sections 196197 and otherapplicable provisions if any of the Companies Act 2013 read with Schedule V prescribedunder the Companies Act 2013 and in pursuance to the provisions of Articles ofAssociation of the Company the shareholders of the company be and is hereby agree toincrease the remuneration of Mr. Shantilal Jain Whole Time Director of the Company for aperiod of 3 years w.e.f. 20th March 2015 at a remuneration of Rs. 360000/-(Rupees ThreeLakh sixty thousand Only) per annum plus the details of which are given in the ExplanatoryStatement annexed hereto.

RESOL VED FURTHER THAT notwithstanding anything to the contrary herein containedwhere in any financial year during the currency of his tenure the company has no profitsor his profits are inadequate remuneration by way of salary perquisites and otherallowances or any combination thereof shall not exceed the aggregate of the annualremuneration as provided above or the maximum remuneration payable as per the limits setout in Section II of Part II of schedule V of the Companies Act 2013 whichever is lowerunless otherwise determined by the Board of Directors.

6. ADOPTION OF NEW ARTICLES

To consider and if thought fit to pass the following resolution as a SpecialResolution:

RESOL VED THAT pursuant to the provisions of Section 14 and other applicableprovisions if any of the Companies Act 2013 and Rules made thereunder a new set ofArticles of Association placed before the Members be and is hereby adopted andsubstituted in place of the existing Articles of Association of the Company.

RESOL VED FURTHER THAT the Board of Directors be and is hereby authorised toperform and execute all such acts deeds matters and things as may be deemed necessaryproper or expedient to give effect to this resolution and for the matters connectedherewith or incidental hereto.@

//BY ORDER OFTHE BOARD\\
FOR SAMYAK INTERNATIONAL LIMITED
[CIN:L67120MH1994PLC225907]
SUDHIR JAIN
PLACE: MUMBAI (DIN:00046442)
DATE: 2nd September 2015 MAMGING DIRECTOR