You are here » Home » Companies » Company Overview » Mena Mani Industries Ltd

Mena Mani Industries Ltd.

BSE: 531127 Sector: Others
NSE: N.A. ISIN Code: INE148B01025
BSE 00:00 | 14 Dec 19.60 0
(0.00%)
OPEN

19.60

HIGH

19.60

LOW

19.60

NSE 05:30 | 01 Jan Mena Mani Industries Ltd
OPEN 19.60
PREVIOUS CLOSE 19.60
VOLUME 300
52-Week high 22.05
52-Week low 13.30
P/E
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 19.60
CLOSE 19.60
VOLUME 300
52-Week high 22.05
52-Week low 13.30
P/E
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mena Mani Industries Ltd. (MENAMANIINDS) - Chairman Speech

Company chairman speech

AS PER SECTION 102 OF THE COMPANIES ACT 2013

The Board of Directors (based on the recommendaon of Nominaon and Remuneraon Commi ee)had appointed Mr. Jayesh Jayanlal Pandya (DIN: 02030546) as an Addional Director w. e. fAugust 13 2018. In terms of Secon 161 (1) of the Companies Act 2013 read with Arcles ofAssociaon of the Company Mr. Jayesh Pandya holds the o ce as an Addional Director up tothe date of the forthcoming Annual General Meeng scheduled to be held on Saturday 29thSeptember 2018.

The Company has received a noce pursuant to Secon 160 of the Companies Act 2013 fromone of the members signifying his intenon to propose the appointment of Mr. Jayesh Pandyaas a Director.

Mr. Jayesh Pandya is not disquali ed from being appointed as a Director in terms ofSecon 164 of the Act and has giv en his consent in wring to act as Director. MoreoverCopy of the dra formal let ter for appointment of Mr. Jayesh Pandya as a Director seng outthe terms and condions are available for inspecon by members at the Registered O ce of theCompany.

The Board of Directors is of the opinion that his rich knowledge in managing andregulang the Organizaonal a airs will be of great signi cance to the Company and hencerecommends the Resoluon at Item No. 3 of this Noce for your approval. Noce received underSecon 160 of the Companies Act 2013 is available for inspecon by the members at theRegistered O ce of the Company during the business hours on any working day up to the dateof the Annual General Meeng.

None of the Directors Key Managerial Personnel and relav es thereof is concerned orinterested in the Resoluon at Item No. 3 of the Noce.

The Audit Commi ee and the Board of Directors of the Company at their respecv e meengsheld on 24 th May 2018 has approved a proposal for entering into following related partytransacons:

Name of Related Party Real News & Views Limited
Name of Related Director or KMP Mr. Swetank M. Patel and Mrs. Hina S. Patel
Nature of rela onship Mr. Dharm S. Patel Director of Real News & Views Limited is son of Mr. Swetank M. Patel and Mrs. Hina S. Patel Directors of the Company.
Material terms monetary value and parculars of the contract or arrangement; The transac on between the par es will be in the nature of purchase and/or sale of goods/products. The amount of the transac on shall be up to Rs. 100 Crores and the same has to be paid as per the terms agreed by both the pare s.
The Manner of determining the pricing and other commercial terms both included as part of contract and not considered as part of the contract The pricing is commensurate with the market value of the goods and shall be at arm’s length.
Any other informaon relevant or important for the members to take a decision on the proposed resolu on N.A.

The transacon would fall under material Related Party Transacon and in terms of Secon188 of the Companies Act 2013 and regulaon 23 of Securies and Exchange Board of India(Lisng Obligaons and Disclosure Requirements) Regulaons 2015 and the applicable rulesthere under requires prior approval of the Shareholders by way of Special Resoluon.

Except Mrs. Hina Patel and Mr. Swetank Patel none of the Directors or Key ManagerialPersonnel (KMP) or relav es of Directors and KMPs is concerned or interested in theResoluon.

Place: Ahmedabad For and on behalf of the Board
Date: 13th August 2018 SD/-
Swetank M. Patel
Managing Director
DIN: 00116551