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Steelco Gujarat Ltd.

BSE: 500399 Sector: Metals & Mining
NSE: STEELCOGUJ ISIN Code: INE629B01024
BSE LIVE 15:40 | 17 Nov 9.25 0.37
(4.17%)
OPEN

9.00

HIGH

9.32

LOW

8.86

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 9.00
PREVIOUS CLOSE 8.88
VOLUME 9256
52-Week high 13.00
52-Week low 4.49
P/E
Mkt Cap.(Rs cr) 39
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 9.00
CLOSE 8.88
VOLUME 9256
52-Week high 13.00
52-Week low 4.49
P/E
Mkt Cap.(Rs cr) 39
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Steelco Gujarat Ltd. (STEELCOGUJ) - Chairman Speech

Company chairman speech

To consider & adopt:

The Audited Financial Statement of the Company for the financial year ended on 31stMarch 2015 and the Profit and Loss Account for the year ended on that date together withReport of Board and the Auditors thereon and

The Audited Consolidated Financial Statement of the Company for the financial yearended on March 2015 and the Profit and Loss Account for the year ended on that date.

To appoint a Director in place of Mr. Rashmi Chandaria who retires by rotation andbeing eligible offers himself for reappointment.

To appoint a Director in place of Dr. R.S Mamak who retires by rotation and beingeligible offers himself for reappointment.

To appoint M/s. Mukesh M. Shah & Co. Chartered Accountants (Firm Registration No.106625W) as Statutory Auditors of the Company to hold office from the conclusion of thisAnnual General Meeting until the conclusion of the next Annual General Meeting and toauthorize the Board to fix their remuneration.

SPECIAL BUSINESS:

APPOINTMENT OF MS. AMEETA TREHAN (DIN: 07087510) AS AN INDEPENDENT DIRECTOR OF THECOMPANY

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

“RESOLVED THAT pursuant to the provisions of section 149 152 read with ScheduleIV and all other applicable provisions if any of the Companies Act 2013 and theCompanies (Appointment and Qualification of Directors) Rules 2014 [including anystatutory modification(s) or re-enactment thereof for the time being in force] and Clause49 of the Listing Agreement Ms. Ameeta Trehan (DIN: 07087510) who was appointed as anAdditional Director of the Company to hold the office upto next Annual General Meeting andin respect 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 not liable to retireby rotation to hold office for five (5) consecutive years Efective from 16 May 2015 to15 May 2020.

RESOLVED FURTHER THAT any Director of the Company and / or the Company Secretary be andare hereby severally authorized to do all the acts and deeds necessary and expedient forthe purpose.”

TO CONSIDER AND APPROVE THE REAPPOINTMNET AND FIXATION OF REMUNERATION OF COST AUDITORFOR THE FINANCIAL YEAR ENDING ON 31ST MARCH 2016.

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

“RESOLVED THAT pursuant to the provisions of section 148 and other applicbaleprovisions if any of the Companies Act 2013 read with the Companies (Audit &Auditors) Rules. 2014 [including any statutory modification(s) or re-enactment(s) thereoffor the time being in force] M/s A.G. Tulsian & Co. Cost Accountants AhmedabadMembership No 19812 reappointed by the Board of Directors of the Company to conduct theaudit of the cost records of the Company for the financial year ended on 31st March 2016be paid the remuneration as set out in statement annexed to the notice convening thismeeting.

RESOLVED FURTHER THAT any Director of the Company and / or the Company Secretary be andare hereby severally authorized to do all the acts and deeds necessary and expedient forthe purpose.”

AUTHORISATION TO CONSIDER AND REPORT ON EROSION OF MORE THAN FIFTY PERCENT NET WORTH:

To consider and if thought fit to pass with or without modification (s) thefollowing resolution as a Special Resolution:

RESOLVED THAT pursuant to Section 23 and other applicable provisions of the SickIndustrial Companies (Special Provisions) Act 1985 (SICA) the applicable provisions ofthe Companies Act 1956 and such other laws rules regulations guidelines ornotifications as may be applicable if any and subject to approval of audited annualaccounts for the financial year 2014-15 by the members of the Company in their AnnualGeneral Meeting the report of the Board of Directors of the Company explaining thereasons of erosion of more than 50% of the peak net worth of the Company as per theaudited financial statements of the Company for the year ended 31st March 2015 be and ishereby considered and approved.

FURTHER RESOLVED THAT the Board of Directors of the Company be and is hereby authorizedto report such erosion to the Board for Industrial and Financial Reconstruction (BIFR) andsuch other State and Central Government Authorities as may be required under the lawsrules regulations guidelines and directives for the time being in force in India in theprescribed form(s) and to intimate such other authorities entities financialinstitutions stock exchange(s) body(ies) corporate association of person as may benecessary in terms of the agreement(s) security documents undertaking(s) declaration(s)and memorandum of understanding entered into by the Company and to further execute andfile plaint(s) documents undertaking declarations etc as may be required (includingmaking amendments thereto if required).

FURTHER RESOLVED THAT the Board of Directors of the Company be and is hereby authorizedto delegate all or any of the power conferred herein by this resolution to any Director(s)or to any committee of Directors or to any Officer(s) of the Company to give effect tothis resolution.

By order of the Board
For Steelco Gujarat Limited
Place : Mumbai Dr. R. S. Mamak
Date : 13th August 2015 Executive Vice Chairman