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Shri Krishna Devcon Ltd.

BSE: 531080 Sector: Infrastructure
NSE: N.A. ISIN Code: INE997I01012
BSE 00:00 | 12 Aug 23.50 0.20
(0.86%)
OPEN

22.60

HIGH

23.80

LOW

22.60

NSE 05:30 | 01 Jan Shri Krishna Devcon Ltd
OPEN 22.60
PREVIOUS CLOSE 23.30
VOLUME 429
52-Week high 40.55
52-Week low 12.57
P/E 19.26
Mkt Cap.(Rs cr) 66
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.60
CLOSE 23.30
VOLUME 429
52-Week high 40.55
52-Week low 12.57
P/E 19.26
Mkt Cap.(Rs cr) 66
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shri Krishna Devcon Ltd. (SHRIKRISHNA) - Chairman Speech

Company chairman speech

Dear Shareholders

Your Directors have pleasure in Presenting the 26th Annual Report along with AuditedAccounts of the Company for the year ended 31st March 2020

Notice is hereby given that the Twenty Sixth Annual General Meeting of Shri KrishnaDevcon Limited will be held on Thursday the 24th day of September 2020 at 12.15 P.M.through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) to transact thefollowing business:

ORDINARY BUSINESS:

1) To receive consider and adopt the Standalone and Consolidated Audited FinancialStatements for the year ended 31st March 2020 together with the Reports of the Board ofDirectors and the Auditors thereon.

2) To appoint a Director in place of Mr. Naveen Kumar Jain (DIN 00117876) whoretires by rotation and being eligible offers himself for reappointment.

SPECIAL BUSINESS:

3) To consider and if thought fit to pass with or without modifications thefollowing resolution as a SPECIAL RESOLUTION: "RESOLVED THAT pursuant to theprovisions of Sections 149 150 152 read with Schedule IV and all other applicableprovisions if any of the Companies Act 2013 and the Rules made there under includingany statutory modification(s) or re-enactment thereof for the time being in force andSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Mr. ShaileshKumar Jain (DIN: 02390457) who was appointed as an Independent Director of the Companyfor first term of 5 consecutive years at the 21st Annual General Meeting of the Companyheld on 21st September 2015 and who has submitted a declaration that he meets thecriteria for independence as provided in Section 149(6) of the Act and who is eligible forappointment and in respect of whom the Company has received a notice in writing from amember proposing his candidature for the office of Director be and is hereby re-appointedas an Independent Director of the Company to hold office for a second term of fiveconsecutive years up to 01st February 2025;

RESOLVED FURTHER THAT for the purpose of giving effect to the aforesaid resolutionthe Board of Directors of the Company be and is hereby authorized to do all such actsdeeds things and to execute necessary documents/ agreements/ applications/ letters andother matters it may in its absolute discretion deem necessary proper or desirable and tosettle any question difficulty or doubt that may arise in the said regard."

4) To consider and if thought fit to pass with or without modifications thefollowing resolution as a SPECIAL RESOLUTION: "RESOLVED THAT pursuant to theprovisions of Section 196 197 203 and all other applicable provisions if any of theCompanies Act 2013 (including any statutory modification from time to time or anyre-enactment thereof for the time being in force) (the "Act") read with ScheduleV to the said

Act and subject to such other approvals as may be necessary and as per therecommendation of Nomination & Remuneration Committee consent of the members of theCompany be and are hereby accorded to the re-appointment of Mr. Sunil Kumar Jain (DIN:00101324) as Managing Director of the Company for the period of Three (3) years witheffect from 01st November 2020 on the terms and conditions as set out in the ExplanatoryStatement annexed to this Notice convening this meeting and as enumerated in the Agreementdated August 25 2020 a copy whereof initialed by the Chairman of the meeting for thepurposes of identification has been submitted to this meeting which agreement is alsohereby specifically approved."

RESOLVED FURTHER THAT in the event of there being loss or inadequacy of profit forany financial year the remuneration as stated in the Explanatory Statement shall bepayable as minimum to Mr. Sunil Kumar Jain (DIN: 00101324) the Managing Director and shallnot exceed limits specified under Section II of part II of Schedule V of the CompaniesAct 2013 and subject to the approval of the Central Government if and wherever required.

RESOLVED FURTHER THAT for the purpose of giving effect to the aforesaid resolutionthe Board of Directors of the Company be and is hereby authorized to do all such actsdeeds things and to execute necessary documents/ agreements/ applications/ letters andother matters it may in its absolute discretion deem necessary proper or desirable and tosettle any question difficulty or doubt that may arise in the said regard."

By Order of the Board of Directors

Place: Indore Neeraj Anjane
Date: 25-08-2020 Company Secretary

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