NOTICE IS HEREBY GIVEN THAT the 19th Annual General Meeting of the Members of theCompany will be held on Saturday, 28th September, 2013 at 11.30 A. M. at ATMAConference Hall, Ahmedabad Textile Mills Association, Ashram Road, Ahmedabad -380 009 totransact the following business:
1. To receive, consider and adopt the Balance Sheet as at 31st March 2013 and Profitand Loss Account for the year ended on that date and the Reports of Board of Directors andAuditors.
2. To appoint a Director in place of Mr. Prahladbhai Shivrambhai Patel, who retires byrotation and being eligible, offers himself for re-appointment.
3. To re-appoint M/s. Mahendra N. Shah & Co., Chartered Accountants, Ahmedabad, asthe Statutory Auditors of the Company to hold office from the conclusion of this AnnualGeneral Meeting till the conclusion of the next Annual General Meeting and to fix theirremuneration at Rs. 4,50,000/- (Rupees Four Lacs Fifty Thousand only) per annum plusapplicable service tax plus out-of-pocket expenses actually incurred by them.
4. To consider and thought fit, to pass with or without modification(s) if any, thefollowing resolution as Special Resolution:
"RESOLVED THAT pursuant to the provisions of sections 269 and other applicableprovisions, if any, read with Schedule XIII of the Companies Act, 1956, and/or anystatutory modification or re-enactment thereof from time to time in force, and subject tothe prior approval of the Central Government if any required, the consent of the companybe and is hereby accorded to the appointment and payment of remuneration to Mr. AnkitkumarPankajkumar Shah as Manager of the Company u/s 269 for a period of 3 years with effectfrom 28th July, 2012 on the terms and conditions as mentioned in the agreement enteredbetween the Company and Mr. Ankitkumar Pankajkumar Shah to alter, amend, vary and modifythe terms and conditions of the said appointment and remuneration payable from time totime as they deem fit in such manner as may be agreed upon by the Board of Directors andMr. Ankitkumar Pankajkumar Shah on a monthly remuneration of Rs. 1,79,000/- in the slab ofRs. 1,79,000-1,97,000-2,15,000 respectively for three years including all the perquisitespayable to him as per the policy of the company."
"RESOLVED FURTHER that the Board be and is hereby authorized at its discretionfrom time to time to fix the remuneration and/or perquisite of Mr. Ankitkumar PankajkumarShah and revise such remuneration and/ or perquisite from time to time within the maximumlimits specified in the aforesaid draft agreement. The Board be and is hereby furtherauthorized to vary/modify/amend any of the aforesaid terms and conditions, provided suchvariation/modification/amendment is in conformity with the applicable provisions of theAct, as amended from time to time."
"RESOLVED FURTHER that the Board be and is hereby authorised to do all such acts,deeds, matters or things as may be considered necessary, appropriate, expedient ordesirable to give effect to this resolution."
|Registered Office: ||By Order of the Board of Directors |
|603. "Shikhar", Shreemali Society || |
|Nr. Vadilal House, Mithakhali, || |
|Navrangpura, Ahmedabad -380 009 ||(Ramubhai S. Patel) |
|Date : 28/05/2013 ||Chairman |