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Svaraj Trading & Agencies Ltd.

BSE: 503624 Sector: Others
NSE: N.A. ISIN Code: INE406N01014
BSE LIVE 11:36 | 03 Mar Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 208.00
PREVIOUS CLOSE 204.00
VOLUME 200
52-Week high 209.80
52-Week low 185.00
P/E 288.89
Mkt Cap.(Rs cr) 307
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 208.00
CLOSE 204.00
VOLUME 200
52-Week high 209.80
52-Week low 185.00
P/E 288.89
Mkt Cap.(Rs cr) 307
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Svaraj Trading & Agencies Ltd. (SVARAJTRADING) - Chairman Speech

Company chairman speech

To receive consider and adopt the financial statements of the Company for the yearended on 31stMarch 2015 including the audited Balance Sheet as on 31st March 2015 and theStatement of Profit and Loss for the year ended on that date and the Reports of theDirectors and Auditors thereon.

To appoint a Director in place of Mrs. Rekha Soni (DIN: 05335667) who retires byrotation and being eligible offers herself for re-appointment

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

"RESOLVED that M/s. S G Kabra & Co. Chartered Accountants (Firm RegistrationNo.104507W) the retiring Auditors be re-appointed as Auditors of the Company pursuant toSection 139 of the Companies Act 2013 (the "Act") the Companies (Audit andAuditors) Rules 2014 and such other applicable provisions if any of the Act or Rulesframed there-under from the conclusion of this Annual General Meeting till the conclusionof the next Annual General Meeting of the Company;

RESOLVED FURTHER THAT the Board of Directors be and is hereby authorized to fix theremuneration payable and the reimbursement of out-of-pocket expenses if any to the saidAuditors."

Special Business

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 Sections 196 197 and 203 and allother applicable provisions of the Companies Act 2013 ("the Act") (includingany statutory modification or re-enactment thereof for the time being in force) read withSchedule V of the Act and Companies (Appointment and Remuneration of Managerial Personnel)Rules 2014 and Articles of Association of the Company and subject to such approvalspermissions and sanctions as may be required and subject to such conditions andmodifications as may be prescribed or imposed by any of the authorities including theCentral Government in granting such approvals permissions and sanctions approval of theCompany be and is hereby accorded to the appointment and remuneration of Mr. HarendraKumar Gupta (DIN 05335662) as the Managing Director of the Company under the CompaniesAct 2013 to be designated as Managing Director & Chief Executive Officer (MD &CEO) for a period of five years with effect from August 01 2015 to July 31 2020 (bothdays inclusive) on terms and conditions including remuneration as set out in theExplanatory Statement annexed to the Notice convening this Meeting with liberty to theBoard of Directors (hereinafter referred to the "Board" which term shall bedeemed to include the Nomination and Remuneration Committee of the Board) to alter andvary the terms and conditions of the said re-appointment and /or remuneration as it maydeem fit and as may be acceptable to Mr. Harendra Kumar Gupta subject to the same notexceeding the limits specified under Schedule V of the Companies Act 2013 or anystatutory modification(s) or re-enactments thereof;

RESOLVED FURTHER THAT notwithstanding anything herein where in any financial yearduring the tenure of the MD & CEO the Company has no profits or its profits areinadequate the Company may subject to receipt of the requisite approvals includingapproval of Central Government if any pay to the MD & CEO the above remuneration asthe minimum remuneration by way of salary perquisites performance pay other allowancesand benefits as specified in the explanatory statement annexed to the Notice conveningthis Meeting and that the perquisites pertaining to contribution to provident fundsuperannuation fund or annuity fund gratuity and leave encashment shall not be includedin the computation of the ceiling on remuneration specified in Section II and Section IIIof part II of Schedule V of the Companies Act 2013;

RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts andtake all such steps as may be necessary proper or expedient to give effect to thisresolution without being required to seek any further consent or approval of the membersor otherwise to the end and intent that it shall be deemed to have their approval theretoexpressly by the authority of this resolution."

By Order of the Board of Directors of
Svaraj Trading and Agencies Limited
Harendra Kumar Gupta
Director
DIN: 05335662
Registered Office:
Office No. 30 2nd floor
380/82 Amruteshwar CHSL
Jagannath Sunkersett Road.
Mumbai - 400002
Place: Mumbai
Dated: August 27 2015