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Universal Starch Chem Allied Ltd.

BSE: 524408 Sector: Others
NSE: N.A. ISIN Code: INE113E01015
BSE 00:00 | 17 Feb 25.05 0.05
(0.20%)
OPEN

25.05

HIGH

25.05

LOW

25.05

NSE 05:30 | 01 Jan Universal Starch Chem Allied Ltd
OPEN 25.05
PREVIOUS CLOSE 25.00
VOLUME 38
52-Week high 52.90
52-Week low 25.00
P/E
Mkt Cap.(Rs cr) 11
Buy Price 25.00
Buy Qty 4.00
Sell Price 25.65
Sell Qty 335.00
OPEN 25.05
CLOSE 25.00
VOLUME 38
52-Week high 52.90
52-Week low 25.00
P/E
Mkt Cap.(Rs cr) 11
Buy Price 25.00
Buy Qty 4.00
Sell Price 25.65
Sell Qty 335.00

Universal Starch Chem Allied Ltd. (UNIVERSALSTARCH) - Chairman Speech

Company chairman speech

The principal terms and conditions of appointment of Smt. Hansarani R. Vaghela (WTD)(DIN 01468168 ) as Joint Managing Director have been approved by the Board of Directors inthe Board Meeting dated 11th August 2018. These particulars also constitute the abstractof the terms of appointment and remuneration pursuant to section 190 of the companies Act2013. Under section 196 and 197 of the act the appointment and the terms of remunerationof the Joint MD are required to be approved by the company in General Meeting.Accordingly a resolution is being moved for approval of shareholders. The Board and theNomination and Remuneration Committee is of the opinion that it is in the interests of thecompany that Smt. Hansarani R. Vaghela be appointed as the Joint MD of the Company theterms and conditions of her appointment are fair & reasonable and commensurate withher qualifications. Hence the Board recommends her appointment as the Joint MD to themembers of the Company. The Relevant information as required under sub clause (iv) ofProviso 2 of (B) of Part II of Schedule V is as given below:

Information about Smt. Hansarani Vaghela: Smt Hansarani Vaghela DOB: 31st August 1978age of 39 years has done BA (Economics) from Fergusson College Pune and MBA (HumanResource Development) from SIOM Pune. She was appointed as an Additional Director of theCompany at a Meeting of the Board of Directors held on 13th August 2016. She is directorof Shivangan Food & Pharma Products Private Limited Endeavour Infotech PrivateLimited And Jay Ganga Farmar Producer Company Limited. Smt. Hansarani Vaghela holds112700 shares of the company in her name as on 31st March 2018.

Smt. Hansarani Vaghela is interested in the resolution as it concerns her appointment.Shri Jitendrasinh J. Rawal Smt. Nayankuwar J. Rawal Smt. Panchratna J. Rawal and Shri.Ripudamansingh Vaghela is related may also be regarded as interested or concerned in theresolution.

The Board of Directors recommends the resolution as a Special Resolution for approvalof the members

General Information: Universal Starch-Chem Allied Ltd. Is engaged in the manufacture ofStarches & their derivatives and other By-Products. The company has been establishedmore than four decades back and has shown a consistent growth from year to year.

Other Inforamtion: The Company is concentrating more on exports and with increasedthrust in this direction it has been able to penetrate in the overseas markets moreparticularly the Middle East market. The Company has also concentrated on cost cuttingdevices to cut the cost on all fronts. The Company is also planning to add some moreproducts in its portfolio to improve the margins. Thus with continued application ofstringent cost cutting measures and addition of more products with better margins theCompany expects to improve its turnover and profitability in the years to come.

For and on behalf of the Board of Directors For Universal Starch Chem Allied Limited

Place: Mumbai Chaitali Salgaonkar
Date: 11th August 2018 Company Secretary