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Vinayak Polycon International Ltd.

BSE: 534639 Sector: Industrials
NSE: N.A. ISIN Code: INE581M01016
BSE 00:00 | 07 Aug 8.65 0
(0.00%)
OPEN

8.66

HIGH

8.66

LOW

8.65

NSE 05:30 | 01 Jan Vinayak Polycon International Ltd
OPEN 8.66
PREVIOUS CLOSE 8.65
VOLUME 300
52-Week high 8.66
52-Week low 6.80
P/E 13.73
Mkt Cap.(Rs cr) 3
Buy Price 8.66
Buy Qty 104.00
Sell Price 8.65
Sell Qty 206.00
OPEN 8.66
CLOSE 8.65
VOLUME 300
52-Week high 8.66
52-Week low 6.80
P/E 13.73
Mkt Cap.(Rs cr) 3
Buy Price 8.66
Buy Qty 104.00
Sell Price 8.65
Sell Qty 206.00

Vinayak Polycon International Ltd. (VINAYAKPOLYCON) - Chairman Speech

Company chairman speech

To consider and adopt the Audited Financial Statements of the Company for the yearended 31st March 2015 together with the Reports of the Board of Directors and Auditorsthereon.

To appoint a director in place of Mr. Bhanwar Lal Baid (DIN 00212003) who is liable toretire by rotation and being eligible offers himself for reappointment.

To ratify the appointment of M/s. A. Natani & Co. Chartered Accountants (ICAIRegistration No. 007347C) as statutory auditors of the Company.

To consider and if thought fit to pass the following resolution as an OrdinaryResolution:

"RESOLVED THAT pursuant to the provisions of Section 139 142 and other applicableprovisions if any of the Companies Act 2013 read with The Companies (Audit and Auditors)Rules 2014 (including any statutory modification(s) or reenactment (s) thereof for thetime being in force) and pursuant to the resolution passed by the members of Company in5th Annual General Meeting held on 6th September 2014 the appointment of M/s. A. Natani& Co. Chartered Accountants Jaipur (Firm Reg. No. 007347C) as Statutory Auditors ofthe Company to hold office till the conclusion of 10thAnnual General Meeting of theCompany to be held in the calendar year 2019 be and is hereby ratified (for the F.Y201516) at such remuneration plus Service Tax as applicable out of pocket expensestravelling expenses etc. as may be mutually agreed between the Board of Directors of theCompany in accordance with the recommendation of the audit Committee with theAuditors."

SPECIAL BUSINESS:

Approval of Related Party Transactions under Section 188 of Companies Act 2013

To consider and if thought fit to pass the following resolution as Special Resolution:

"RESOLVED THAT pursuant to the provisions of Section 188 and other applicableprovisions if any of the Companies Act 2013 read with The Companies (Meetings of Boardand its Powers) Rules 2014(including any statutory modification(s) or re- enactment(s)thereof for the time being in force) (hereinafter referred to as 'the Act') and pursuantto Articles of Association and all other provisions of applicable law / rules consent ofmembers of the Company be and is hereby accorded to the Board of Directors of the Company{hereinafter referred to as the " Board" which term shall include any committeeconstituted by the Board of Directors of the Company or any person (s) authorised by theBoard to exercise the power conferred on the Board of Directors of the Company by thisresolution} for entering into purchase and sale contract with Crystal Packaging upto anamount of Rs. 10 Crores (Rupees Ten Crores Only) during any financial year."

RESOLVED FURTHER THAT the Board be and is hereby authorized to take from time to timeall decisions and steps necessary or expedient or proper in respect of the above Purchaseand sale and further including variation of such timing amount terms conditions etc.as it may in its absolute discretion deem appropriate for the purpose of giving effectto this Resolution."

Revision in Remuneration of Mr. Vikram Baid Executive Director of the Company

To consider and if thought fit to pass the following resolution as Special Resolution:

"RESOLVED THAT in partial modification of Resolution No. 7 passed at the AnnualGeneral Meeting of the Company held on 6th September 2014 for the appointment and termsof remuneration of Mr. Vikram Baid Executive Director of the Company and pursuant to theprovisions of Sections 196 197 and other applicable provisions if any of the CompaniesAct 2013 (the Act) and the Rules

made thereunder (including any statutory modification(s) or re-enactment(s) thereof forthe time being in force)read with Schedule V to the Act consent of the members of theCompany be and is hereby accorded to the revision in the terms of remuneration of Mr.Vikram Baid as the Executive Director of the Company by way of change in the maximumamount of basic salary payable to Mr. Vikram Baid (including the remuneration to be paidin the event of loss or inadequacy of profits in any financial year during the tenure ofhis appointment) with authority to the Board of Directors (hereinafter referred to as the"Board" which term shall be deemed to include any Committee of the Boardconstituted to exercise its powers including the powers conferred by this Resolution) tofix his salary within such maximum amount increasing thereby proportionately allbenefits related to the quantum of salary with effect from 1st April 2015 for theremainder of the tenure of his contract as set out in the Explanatory Statement annexedto the Notice convening this meeting.

RESOLVED FURTHER THAT the Board be and is hereby authorized to take all such steps asmay be necessary proper and expedient to give effect to this Resolution."

Revision in Remuneration of Mr. Bharat Kumar Baid Managing Director of the Company Toconsider and if thought fit to pass the following resolution as Special Resolution:

"RESOLVED THAT in partial modification of Resolution No. 8 passed at the AnnualGeneral Meeting of the Company held on 6th September 2014 for the appointment and termsof remuneration of Mr. Bharat Kumar Baid Managing Director of the Company and pursuant tothe provisions of Sections 196 197 and other applicable provisions if any of theCompanies Act 2013 (the Act) and the Rules made thereunder(including any statutorymodification(s) or re-enactment(s) thereof for the time being in force) read with ScheduleV to the Act consent of members of the Company be and is hereby accorded to the revisionin the terms of remuneration of Mr. Bharat Kumar Baid as the Managing Director of theCompany by way of change in the maximum amount of basic salary payable to Mr. BharatKumar Baid (including the remuneration to be paid in the event of loss or inadequacy ofprofits in any financial year during the tenure of his appointment) with authority to theBoard of Directors (hereinafter referred to as the "Board" which term shall bedeemed to include any Committee of the Board constituted to exercise its powers includingthe powers conferred by this Resolution) to fix his salary within such maximum amountincreasing thereby proportionately all benefits related to the quantum of salary witheffect from 1st April 2015 for the remainder of the tenure of his contract as set out inthe Explanatory Statement annexed to the Notice convening this meeting.

RESOLVED FURTHER THAT the Board be and is hereby authorized to take all such steps asmay be necessary proper and expedient to give effect to this Resolution."

By Order of the Board
For Vinayak Polycon International Limited
Date: 14.08.2015 Sd/-
Place: Jaipur VIKRAM BAID
WHOLE TIME DIRECTOR
DIN No. 00217347