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Seasons Furnishings Ltd.

BSE: 521182 Sector: Industrials
NSE: N.A. ISIN Code: INE454D01015
BSE LIVE 15:05 | 19 Sep 6.55 0.30
(4.80%)
OPEN

6.01

HIGH

6.55

LOW

6.01

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 6.01
PREVIOUS CLOSE 6.25
VOLUME 619
52-Week high 8.41
52-Week low 4.10
P/E
Mkt Cap.(Rs cr) 5
Buy Price 6.05
Buy Qty 200.00
Sell Price 6.55
Sell Qty 81.00
OPEN 6.01
CLOSE 6.25
VOLUME 619
52-Week high 8.41
52-Week low 4.10
P/E
Mkt Cap.(Rs cr) 5
Buy Price 6.05
Buy Qty 200.00
Sell Price 6.55
Sell Qty 81.00

Seasons Furnishings Ltd. (SEASONSFURNISH) - Chairman Speech

Company chairman speech

To receive consider and adopt the audited financial statements of the Company for thefinancial year ended March 31 2015 including the audited Balance Sheet as at March312015 the Statement of Profit and Loss for the year ended on that date and the reportsof the Board of Directors ("the Board") and Auditors thereon.

To appoint a Director in place of Mr. Inderjeet Singh Wadhwa (DIN 00007009) who retiresby rotation and being eligible offers himself for reappointment.

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

"RESOLVED THAT pursuant to Section 139 and other applicable provisions ifany of the Companies Act 2013 and the Rules made thereunder and pursuant to theresolution passed by the members at the 24th AGM held on 30.9.2014 in respect of theappointment of the auditors M/s Anuj Garg & Co. Chartered Accountants New Delhi(Firm's Registration No. 03473N) till the conclusion of 26th AGM to be held in the year2016 the company hereby ratifies the appointment of M/s Anuj Garg & Co. CharteredAccountants as Auditors of the Company to hold office from the conclusion of this AGM tillthe conclusion of 26th AGM to be held in the year 2016 on such remuneration as may bemutually agreed between the Board of Directors and the Auditors."

SPECIAL BUSINESS

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

"RESOLVED that pursuant to the provisions of section 149 152 and all otherapplicable provisions of the Companies Act 2013 and applicable Rules (including anystatutory modification(s) or re-enactment thereof for the time being in force) read withSchedule IV to the Act and Clause 49 of the Listing Agreement Ms Poonam Mehdiratta (DIN :01964772) who was appointed as Woman Director (an Additional Director) pursuant to theprovisions of Section 161 of the Companies Act 2013 and the Articles of Association ofthe Company and who hold office up to the date of this Annual General Meeting and inrespect of whom the Company has received a notice in writing under Section 160 of theCompanies Act 2013 from a member proposing her candidature for the office of Director beand is hereby appointed as an Independent Director of the Company to hold office for 5(five) consecutive years not liable to retire by rotation.

"RESOLVED THAT pursuant to the provisions of Section 180(1)(c) of theCompanies Act 2013 and in supersession of all earlier resolutions passed in this regardthe consent of the Company be and is hereby accorded to the Board of Directors of theCompany and/or any Committee thereof to borrow at its discretion either from theCompany's Bank or any other Indian or Foreign Bank(s) Financial Institution(s) and/or anyother Lending Institutions or persons from time to time such sum(s) of money(s) and thesum(s) to be borrowed together with the money(s) already borrowed by the Company (apartfrom temporary loans obtained from the Company's Bankers/FIs in the ordinary course ofbusiness) with or without security on such terms and conditions as they may think fitshall exceed the aggregate of the paid-up capital and free reserves of the Company that isto say reserves not set apart for any specific purpose provided that the total amount ofborrowing together with the money(s) already borrowed by the Board of Directors shall notexceed the sum of Rupees 100 Crores (Rupees Hundred Crores Only) at any one time."

"RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such actsdeeds and things to execute all such documents instruments and writings as may berequired to give effect to this Resolution."

To consider and if thought fit to pass with or without modification the followingResolution as a Special Resolution:

"RESOLVED THAT pursuant to the provisions of Section 180(1)(a) of theCompanies Act 2013 and subject to other approvals if applicable or required under anystatute(s)/rule(s)/regulation(s) or any law for the time being in force or required fromany other concerned authorities and in supersession of all earlier Resolutions passed inthis regard the Board of Directors of the Company and/or any Committee thereof be andare hereby authorized and shall be deemed to have always been so authorized to create suchmortgages/charges/hypothecation and/or other encumbrances in addition to the existingmortgages charges hypothecation and other encumbrances if any created by the Company onall or any part of the immovable and/or movable properties current and/or fixed assetstangible or intangible assets book debts and/or claims of the Company where so eversituate present and future such charge to rank either pari - passu with or secondsubsequent and subordinate to all mortgages charges hypothecation and other encumbrancescreated/to be created by the Company in favour of Indian or Foreign FinancialInstitutions Banks and other Lending Institution and/or to such other persons if anyfrom whom the Company has/or proposed/proposes to borrow money/sums of moneys by way ofTerm Loans Cash Credits Overdrafts discounting of bills inter corporate depositscommercial papers or such other financial instruments permitted to be issued by theappropriate authorities from time to time together with interest cost charges and otherincidental expenses in terms of agreement(s) entered/to be entered into by the Board ofDirectors/any Committee thereof of the Company within the overall borrowing limits fixedpursuant under the applicable provisions of the Companies Act 2013."

"RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such actsdeeds and things to execute all such documents instruments and writings as may berequired to give effect to this Resolution."

By Order of the Board of Directors
for Seasons Furnishings Limited
Mandeep S. Wadhwa
Managing Director
Place : New Delhi
Date : 12.8.2015