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Soni Soya Products Ltd.

BSE: 535069 Sector: Agri and agri inputs
NSE: SONISOYA ISIN Code: INE301Z01011
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Soni Soya Products Ltd. (SONISOYA) - Chairman Speech

Company chairman speech

Dear Shareholders

I am delighted to present before you the 5th Annual Report of your Company. Our aim isto provide superior quality organic products because we value our customers and theproducts they offer to their buyers.

Further 2018-2019 was also a milestone year for the company when it got listed on theNational Stock Exchange SME platform on April 12 2018. After running the business forover several years as a closely held family business the company went public to share thefruits of its success with the public at large. Getting publicly listed has opened a newchapter in the life of the company with new opportunities and new challenges ahead.

This year we are able to Increase the Company’s turnover from Rs. 70.74 Crores toRs. 186.65 Crores by more than 100% during this year as compared to previous year.

Company has also started its operations in United States of America and Canada. TheCompany is trying to explore new markets in the European Countries to increase thebusiness of the company.

As Now Companies Shares is listed on the Stock Exchange to so your Directors will putevery Endeavour to take the company to new heights and thereby can maximize the wealth ofthe Shareholders.

This year was of election year for not only for our State of Madhya Pradesh but alsofor the Central Government and now due to political stability in the country and newGovernment has resumed into the power. We are hopeful for having new policies to boost thebusiness and we are hopeful that Government will for mulate such policies which will notonly increase the turnover of the company but also the profitability of the company. As westand today the Urban-Rural economic divide though less distant is still evident.Government’s ambitious target towards doubling the farmer income by 2022 is apositive step forward and we at Soni Soya firmly believe and practice this vision ofenhancing prosperity of our farmers. We constantly endeavour and partner towards drivingthe agrarian shift from subsistence to commercial nature of farming.

Lastly I wish to thank the shareholders for showing their undeterred support businessassociates for allying through our journey and employees for being Company’s growthengine While the public listing opens up opportunities for us to take the business to newheights it also adds additional challenges for the Company to meet increased expectationsfrom all our stakeholders. We have laid strong foundations over the previous years and weare confident of meeting and exceeding the expectations. We believe we have a compellingstory and we look forward with great passion to the future creating greater value for ourshareholders.

Notice is hereby given to all the members of the Company that the Annual GeneralMeeting of the Company will be held on Friday the 27th September 2019 at 10:30 A.M. atoff. No. CS1 P Square Building 2nd Floor 350 Goyal Nagar Indore MP 452016 theRegistered office of the Company to transact the following:

ORDINARY BUSINESS:

1. To receive consider and adopt the Audited standalone and Consolidated FinancialStatements as at 31st March 2019 and the statement of Profit & Loss and Cash Flowstatement of the Company for the year ended on 31st March 2019 and the Directors Report& Auditors Report thereon.

2. To appoint a Director in place of Mrs. Shashi Shukla (DIN- 08150150) Director whois liable to retire by rotation in terms of Section 152(6) of the Companies Act 2013 andbeing eligible offers herself for re-appointment.

Forand on behalf of the Board of Directors of
SONI SOYA PRODUCTS LIMITED
Place: Indore Surabhi Gupta
Date: 02/09/2019 Company Secretary & Compliance officer

Notes:

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT APROXY/IES TO ATTENDAND VOTE INSTEAD OF HIMSELF/HERSELF AND A PROXY NEED NOT BE A MEMBER OFTHE COMPANY. THE INSTRUMENT APPOINTING A PROXY SHOULD HOWEVER BE DEPOSITED AT THEREGISTERED OFFICE OFTHE COMPANY NOT LESS THAN 48 HOURS BEFORE THE COMMENCEMENTOFTHEMEETING.

2. A PERSON SHALL ACT AS PROXY FOR ONLY 50 MEMBERS AND HOLDING IN AGGREGATE NOT MORETHAN 10 PERCENT OF THE TOTAL SHARE CAPITAL OF THE COMPANY CARRYING VOTING RIGHTS. MEMBERHOLDING MORE THAN 10 PERCENT OF THE TOTAL SHARE CAPITAL OF THE COMPANY CARRYING VOTINGRIGHTS MAY APPOINT A SINGLE PERSONAS PROXY AND SUCH PERSON SHALL NOT ACT AS PROXY FOR ANYOTHER MEMBER.

3. Corporate Members intending to send their authorized representatives to attend themeeting are requested to send to the Company a certified copy of the Board Resolutionauthorizing their representatives to attend and vote on their behalf at the meeting.

4. Register of Members and Share Transfer Books of the Company will remain closed from24"1 September 2019 (Tuesday) to 27"1 September 2019 (Friday) (both daysinclusive).

5. The Management Discussion and Analysis Report attached with the Directors Reportalso form part of this Annual Report.

6. Members are requested to notify immediately any change in their address and E-MailID to their respective Depository Participants (DPs) in respect of their electronic shareaccounts and to the Registrar and Share Transfer Agent of the Company viz. BigshareServices Pvt. Ltd. Located at 1st Floor Bharat Tin Works Building Opp. Vasant OasisMakwana Road Marol Andheri East Mumbai 400059 Maharashtra having email Idinvestor@bigshareonline.com to receive the soft copy of Annual Report of the Company.

7. Members are requested to:

a. Complete the attendance slip and deliver the same at the entrance of the meetinghall.

b. Bring their copies of the Annual Report at the time of attending the Annual GeneralMeeting.

c. Send their questions at least 10 days in advance of the Annual General Meeting aboutany further information on accounts so as to enable the Company to answer their questionsatisfactorily.

8. All documents referred to in the accompanying Notice are open for inspection at theRegistered Office of the Company on all working days except Saturday between 11.00 a.m. to1.00 p.m. upto the date of the Annual General Meeting.

9. Members who hold shares in dematerialized form are requested to bring their ClientID and DP ID Nos. for easy identification of attendance at the meeting.

10. In terms of circulars issued by the Securities and Exchange Board of India (SEBI)it is now mandatory to furnish a copy of PAN card to the Company or its RTAin thefollowing cases viz. transfer of shares deletion of name and transmission of shares andtransposition of shares.

11. The Notice of Annual General Meeting and Annual Report of the Company for the year2018- 19 circulated to the Members of the Company is available on the Company's websiteviz. www.sonisoya.com.

12. Electronic copy of the Annual report for the year 2018-19 is being sent to themembers whose email IDs are registered with the Share Transfer Agent of theCompany/Depository Participants unless any member has requested for a hard copy of thesame. For members who have not registered their email address physical copies of theAnnual reports being sent in the permitted mode.

13. SEBI has also mandated that for registration of transfer of securities thetransferee(s) as well as the transferor(s) shall furnish a copy their PAN card to thecompany for registration of transfer of secu rities.

14. Members may also note that the Notice of 5th Annual General Meeting AttendanceSlip Proxy Form Ballot/Poll Paper and the Annual Report for the year 2018-19 will alsobe available on the company website www.sonisoya.com for their download. For anycommunication the shareholders may also send request to the company on the aforementionedEmail ID.

15. As the Company is listed on SME Exchange [Company covered under Chapter X B of SEBI(Issue of Capital Disclosure Requirements) Regulations 2009] pursuant to Rule 20 of theCompanies (Management and Administration) Rules it is not required to provide remote e-voting facility to its Shareholders

16. The Brief profile of the director proposed for re-appointment at the ensuing annualgeneral meeting is annexed with the Notice.

Name of Director Shashi Shukla
Date of Birth 17/09/1983
Designation Director
Date of Appointment 08/06/2018
Qualification Graduate
Experience 1 Years
No. and % of Shares Held in Company NIL
Relation with other Directors and KMP of Company -

 

Forand on behalf of the Board of Directors of
SONI SOYA PRODUCTS LIMITED
Place: Indore Surabhi Gupta
Date: 02/09/2019 Company Secretary & Compliance officer