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Peria Karamalai Tea & Produce Company Ltd.

BSE: 531044 Sector: Agri and agri inputs
NSE: PKTEA ISIN Code: INE431F01018
BSE 05:30 | 01 Jan Peria Karamalai Tea & Produce Company Ltd
NSE 00:00 | 30 Mar 71.00 -1.00
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Peria Karamalai Tea & Produce Company Ltd. (PKTEA) - Chairman Speech

Company chairman speech

NOTICE is hereby given that the 106th Annual General Meeting of the Members of theCompany will be held at Far Pavillion The Tollygunge Club Ltd. 120 Deshpran SasmalRoad Kolkata- 700033 on Monday the 9th Day of September 2019 at 11:00 A.M.to transactthe following businessess:

ORDINARY BUSINESS

1. To receive consider and adopt:

(a) the Annual Audited Standalone Financial Statements of the Company for the financialyear ended March 31 2019 including the Audited Balance Sheet as at March 31 2019 andStatement of Profit & Loss for the year ended on that date and the Reports of theBoard of Directors and Auditors thereon.

(b) the Annual Audited Consolidated Financial Statements of the Company for thefinancial year ended March 31 2019 including the Audited Balance Sheet as at March 312019 and Statement of Profit & Loss for the year ended on that date and the Report ofthe Auditors thereon.

2. To declare dividend on equity shares for the financial year ended 31st March 2019.

3. To appoint a director in place of Mr. Shreeyash Bangur (holding DIN 00012825) whoretires by rotation and being eligible offers himself for reappointment.

4. To ratify the appointment of M/s. Srikishen & Co. Chartered Accountants (FirmRegistration No.004009S) as Statutory Auditors of the Company for the financial year2019-20 and to fix their remuneration and in this connection to consider and if thoughtfit to pass with or without modification(s) the following resolution as an OrdinaryResolution:

“RESOLVED THAT pursuant to Sections 139 141 142 and other applicable provisionsif any of the Companies Act 2013 read with Companies (Audit and Auditors) Rules 2014(including any statutory modification(s) or re-enactment(s) thereof for the time being inforce) the appointment of M/s Srikishen & Co. Chartered Accountants (Firm

Registration No.004009S) Statutory Auditors of the Company be and is hereby ratified asStatutory Auditors for the financial year 2019-20 to hold office from the conclusion ofthis Annual General Meeting till the conclusion of the next Annual General Meeting of theCompany on such remuneration as shall be fixed by the Board of Directors of the Companybased on recommendations of the Audit Committee.”

SPECIAL BUSINESS

5. Re-appointment of Mr. Harischandra Maneklal Parekh as an Independent Non-ExecutiveDirector

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 149 150 152 and any otherapplicable provisions of the Companies Act 2013 (“Act”) and relevant rules madethereunder (including any statutory modification(s) or re-enactment thereof for the timebeing in force) read with Schedule IV to the Act and Regulation 16(1)(b) and 17(1A) of theSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Mr. HarischandraManeklal Parekh [DIN: 00026530] Independent Non-Executive Director of the Company inrespect of whom the Company has received requisite declaration that he meets the criteriaof independence as provided in Section 149(6) of the Act and Regulation 16(1) (b) of theSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended fromtime to time and who has attended the age of seventy five years and who is eligible forreappointment be and is hereby appointed as Independent NonExecutive Director of theCompany for a second term of five consecutive years with effect from 22nd September 2019and that he shall not be liable to retire by rotation.

RESOLVED FURTHER THAT any Director and/ or the Company Secretary of the Company be andare hereby severally authorised to do all acts deeds and things including filings andtake steps as may be deemed necessary proper or expedient to give effect to thisresolution and matters incidental thereto”.

6. Re-appointment of Mr. Narasimhan Swaminathan as an Independent Non-ExecutiveDirector

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 149 150 152 and any otherapplicable provisions of the Companies Act 2013 (“Act”) and relevant rules madethereunder (including any statutory modification(s) or re-enactment thereof for the timebeing in force) read with Schedule IV to the Act and Regulation 16(1)(b) and 17(1A) of theSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Mr. NarasimhanSwaminathan [DIN: 02743671] Independent Non-Executive

Director of the Company in respect of whom the Company has received requisitedeclaration that he meets the criteria of independence as provided in Section 149(6) ofthe Act and Regulation 16(1) (b) of the SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 as amended from time to time and who has attended the ageof seventy five years and who is eligible for reappointment be and is hereby appointed asIndependent NonExecutive Director of the Company for a second term of five consecutiveyears with effect from 22nd September 2019 and that he shall not be liable to retire byrotation.

RESOLVED FURTHER THAT any Director and/ or the Company Secretary of the Company be andare hereby severally authorised to do all acts deeds and things including filings andtake steps as may be deemed necessary proper or expedient to give effect to thisresolution and matters incidental thereto”.

7. Re-appointment of Mr. Pudugramam Ramachandran Ramakrishnan as an IndependentNon-Executive Director

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 149 150 152 and any otherapplicable provisions of the Companies Act 2013 (“Act”) and relevant rules madethereunder (including any statutory modification(s) or re-enactment thereof for the timebeing in force) read with Schedule IV to the Act and Regulation 16(1 )(b) of the SEBI(Listing Obligations and Disclosure Requirements)

Regulations 2015 Mr. Pudugramam Ramachandran Ramakrishnan [DIN: 02715749]Independent NonExecutive Director of the Company in respect of whom the Company hasreceived requisite declaration that he meets the criteria of independence as provided inSection 149(6) of the Act and Regulation 16(1) (b) of the SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 as amended from time to time and who iseligible for reappointment be and is hereby appointed as Independent NonExecutiveDirector of the Company for a second term of five consecutive years with effect from 22ndSeptember 2019 and that he shall not be liable to retire by rotation.

RESOLVED FURTHER THAT any Director and/ or the Company Secretary of the Company be andare hereby severally authorised to do all acts deeds and things including filings andtake steps as may be deemed necessary proper or expedient to give effect to thisresolution and matters incidental thereto”.

By Order of the Board
For The Peria Karamalai Tea & Produce Co. Ltd.
Kolkata Saurav Singhania
20th May 2019. Company Secretary