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Sharda Motor Industries Ltd.

BSE: 535602 Sector: Auto
NSE: SHARDAMOTR ISIN Code: INE597I01010
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Sub: Submission Of Voting Result Along With ScrutinizerS Report On E-Voting And Voting Through Ballo

July 20, 2019, 6:32 pm | Source: BSE | Downlaod PDFDownload PDF

This is further to our communication dated 28th September 2018 [SMIL: Listing: 18-19/2809/01] submitting the result of e-voting and voting through ballot paper at the 33rd Annual General Meeting of Sharda Motor Industries Ltd. held on 27th September 2018 (AGM) and finds specific reference to items no. 3 and 4 of the agenda of the said AGM (enclosed).

As intimated earlier pursuant to an interim order dated 26th September 2018 passed by the Honble National Company Law Appellate Tribunal (Honble NCLAT)the result of two resolutions [at items no. 3 and 4] to re-appoint as Directors Shri Rohit Relan (DIN: 00257572) and Shri Bireshwar Mitra (DIN: 06958002) each of who were liable to retire by rotation was put on hold and made subject to the final outcome of the Company Appeal (AT) No. 332 of 2018: Sharda Motor Industries Ltd. vs. Rohit Relan & Ors. (Company Appeal).

Thereafter the Honble NCLAT pronounced the final Judgement and Order dated 17th July 2019 disposing off the said Company Appeal in light of the National Company Law Tribunals final Judgment and Order dated 20th May 2019 vide which the Company Petition 61/ND/2017 was disposed off in view of the Memorandum of Family Settlement dated 22.02.2019 (MoFS) executed between the promoters directors and majority shareholders of the Company.
Accordingly in compliance with the Final Judgement and Order dated 17th July 2019 passed by the Honble NCLAT Shri Rohit Relan (DIN: 00257572) will not be considered to have retired by rotation during the AGM held on 27th September 2018 [re: item no. 3]. Instead Shri Bireshwar Mitra (DIN: 06958002) will be considered to have retired by rotation at the AGM held on 27th September 2018 [re: item no. 4].
Kindly take the above information on future reference and record.
Enclosed with this communication are the following supporting documents:
a. Certified copy of the final Judgement and Order dated 17th July 2019 passed by the Honble NCLAT in Company Appeal (AT) No. 332 of 2018 titled Sharda Motor Industries Ltd. vs. Rohit Relan & Ors. ( Annexure I);

b. Agenda of 33rd Annual General Meeting of Sharda Motor Industries Ltd. held on 27th September 2018 (Annexure II);

c. Voting Result for AGM - Agenda Item No. 4 under Regulation 44 of SEBI Listing Regulations (Annexure III);

d. Extract of the Scrutinizers Report dated 30th October 2018 containing result of voting by shareholders of the Company against Agenda Item 4 i.e. to appoint a Director in place of Shri Bireshwar Mitra (DIN: 06958002) who retired by rotation (Annexure IV).