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Gayatri Projects Ltd.

BSE: 532767 Sector: Infrastructure
NSE: GAYAPROJ ISIN Code: INE336H01023
BSE 13:01 | 16 Nov 179.85 -5.25
(-2.84%)
OPEN

180.50

HIGH

180.50

LOW

178.00

NSE 12:49 | 16 Nov 179.35 -4.85
(-2.63%)
OPEN

182.00

HIGH

182.85

LOW

178.10

OPEN 180.50
PREVIOUS CLOSE 185.10
VOLUME 447
52-Week high 229.57
52-Week low 151.50
P/E 17.41
Mkt Cap.(Rs cr) 3,367
Buy Price 179.00
Buy Qty 61.00
Sell Price 180.00
Sell Qty 61.00
OPEN 180.50
CLOSE 185.10
VOLUME 447
52-Week high 229.57
52-Week low 151.50
P/E 17.41
Mkt Cap.(Rs cr) 3,367
Buy Price 179.00
Buy Qty 61.00
Sell Price 180.00
Sell Qty 61.00

Gayatri Projects Ltd. (GAYAPROJ) - Chairman Speech

Company chairman speech

Annexure

To Notice

Pursuant to Section 102 of the Companies Act 2013

Item No.5:

Mr. T. V. Sandeep Kumar Reddy aged about 52 years is associated with the company sinceits incorporation in the year 1989. Mr. T.V. Sandeep Kumar Reddy has done Masters inConstruction Engineering and Management from University of Michigan at Ann Arbor USA andalso holds a Bachelor Degree in Civil Engineering from Purdue University. He is lookingafter the day to day affairs of our company and is designated as Managing Director of ourCompany.

The remuneration committee and The Board of Directors at their meeting held on14.08.2018 has approved revised remuneration payable to Mr. T. V. Sandeep Kumar Reddy asManaging Director of the Company for the period commencing from 1st October 2018 to 30thSeptember 2019 subject to consent of the Members at the ensuing Annual General Meeting ofthe Members of the Company on the terms and conditions and remuneration detailed in theresolution as proposed.

Except Mr. T. V. Sandeep Kumar Reddy Mrs. T. Indira Subbarami Reddy and Mr. J. BrijMohan Reddy (as relatives) none of the Directors and Key Managerial Personnel of theCompany and their relatives is concerned or interested financial or otherwise in theresolution.

The Board recommends the above resolution for approval of the members by way of specialresolution.

Item No.6:

Sri J. Brij Mohan Reddy aged 77 years is an Engineering Graduate from BerkleyUniversity in U.S.A. He has specialized in Harbour Engineering (i.e. construction ofbreak waters piers wharf walls jetties etc.) RCC structures Steel structures andHighway projects. He joined as Director in the Board of GPL in the year 1994. He isresponsible for construction of the entire fisheries harbour at Chennai and major portionof mechanized ORE-handling project for Chennai Port Trust. He is also Director in Board ofIndore Dewas Tollways Limited. Gayatri Jhansi Roadways Ltd. Gayatri Lalitpur RoadwaysLtd. Chamundeswari Builders Pvt. Ltd. Balaji Highway Holdings Pvt. Ltd. Considering hisexperience the Board proposes to extend his appointment as Executive Vice- Chairman forfurther 3 years without any change in remuneration and present designation i.e from 1stOctober 2018 to 30th September 2021 subject to the approval of the members in the ensuingAnnual General Meeting.

Re-appointment and remuneration proposed to be paid to Sri J. Brij Mohan Reddy asExecutive Vice- Chairman has also been recommended by the Nomination and RemunerationCommittee. The remuneration will be within the limits permissible under Companies Act2013 read with Schedule V to the Act.

Except Mr. T. V. Sandeep Kumar Reddy Mrs. T. Indira Subbarami Reddy and Mr. J. BrijMohan Reddy (as relatives) none of the Directors and Key Managerial Personnel of theCompany and their relatives is concerned or interested financial or otherwise in theresolution.

The Board recommends the above resolution for approval of the members by way of specialresolution.

By order of the Board
For Gayatri Projects Limited
CS I. V. Lakshmi
Company Secretary & Compliance Officer
Place: Hyderabad
Date: 14th August 2018