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Shyamkamal Investments Ltd.

BSE: 505515 Sector: Financials
NSE: N.A. ISIN Code: INE203N01015
BSE 00:00 | 11 Mar 9.51 0
(0.00%)
OPEN

9.51

HIGH

9.51

LOW

9.51

NSE 05:30 | 01 Jan Shyamkamal Investments Ltd
OPEN 9.51
PREVIOUS CLOSE 9.51
VOLUME 10
52-Week high 10.70
52-Week low 9.51
P/E
Mkt Cap.(Rs cr) 8
Buy Price 10.09
Buy Qty 4.00
Sell Price 9.51
Sell Qty 13.00
OPEN 9.51
CLOSE 9.51
VOLUME 10
52-Week high 10.70
52-Week low 9.51
P/E
Mkt Cap.(Rs cr) 8
Buy Price 10.09
Buy Qty 4.00
Sell Price 9.51
Sell Qty 13.00

Shyamkamal Investments Ltd. (SHYAMKAMALINV) - Chairman Speech

Company chairman speech

TO SECTION 102(1) OF THE COMPANIES ACT 2013 ("ACT") Item No. 4

The Board of Directors ("the Board") upon recommendation of the Nominationand Remuneration Committee appointed Ms. Meeta Mittal as an Additional Director of theCompany not liable to retire by rotation with effect from December 15 2017. Pursuant tothe provisions of Section 161 of the Act and clause 66 of the Articles of Association ofthe Company Ms. Meeta Mittal will hold office up to the date of the ensuing AnnualGeneral Meeting ("AGM") and is eligible to be appointed a Director of theCompany. Further Nomination and Remuneration Committee has recommended her appointment asan Independent Director on Board of the Company w.e.f. December 15 2017.

The Company has received from Ms. Meeta Mittal:

(i) Consent in writing to act as Director in Form DIR-2 pursuant to Rule 8 of theCompanies (Appointment & Qualification of Directors) Rules 2014;

(ii) Intimation in Form DIR-8 in terms of the Companies (Appointment &Qualification of Directors) Rules 2014 to the effect that he is not disqualified underSection 164(2) of the Act; and

(iii) A declaration to the effect that he meets the criteria of independence asprovided under Section 149(6) of the Act.

The resolution seeks the approval of the Members in terms of Section 149 and otherapplicable provisions of the Act read with Schedule IV of the Act and the Rules madethereunder for appointment of Ms. Meeta Mittal as an Independent Director of the Companyfor a period of five years commencing December 15 2018 to December 14 2022. She will notbe liable to retire by rotation.

In the opinion of the Board Ms. Meeta Mittal a person of integrity fulfils theconditions specified in the Act and the Rules made there under and is independent of theManagement of the Company. A copy of the letter of appointment of Ms. Meeta Mittal as anIndependent Director setting out the terms and conditions is available for inspectionwithout any fee payable by the Members at the Registered Office of the Company during thenormal business hours on working days up to the date of the AGM.

The profile and specific areas of expertise of Ms. Meeta Mittal are provided asannexure to this Notice.

None of the Director(s) and Key Managerial Personnel of the Company or their respectiverelatives except Ms. Meeta Mittal to whom the resolution relates are concerned orinterested in the Resolution mentioned at Item No.4 of the Notice. The Board recommendsthe resolution set forth in Item No. 4 for the approval of the Members.

For and behalf of the Board
sd/-
Kailashchandra Kedia
Director
[DIN: 01292825]
Place: Mumbai
Date: 13/08/2018
Registered Office:
501 5th Floor Raj Kailash Building
Plot No. 5/B V. P. Road Andheri (West)
Mumbai 400058 Maharashtra India.