Chiarmans Statements
EXPLANATORY STATEMENT PURSUANTTO SECTION 173(2) OFTHE COMPANIES ACT. 1956
Item No. 4
Shri Balkishan Lohia was appointed as an Additional Director on the Board of the
Company with effect from 18th October, 2012. in the Board of Directors Meeting held on
18th October, 2012, pursuant to Section 260 of the Companies Act, 1956 ("the
Act"). Shri Balkishan Lohia holds office upto the date of this Annual General
Meeting. The Company has received a notice in writing under Section 257 of the Act, from a
Member, proposing Shri Balkishan Lohia as a Director of the Company alongwith a deposit of
Rs. 500/- which will be refunded to such Member, if Shri Balkishan Lohia is elected asa
Director.
The Board of Directors recommends that he be appointed as a Director of the Company.
None of the Directors, other than Shri Balkishan Lohia, may be considered to be
concerned or interested in the said appointment at item no. 4.
Item No. 5
Shri Ashok Somani was appointed as an Additional Director on the Board of the Company
with effect from 14th January, 2013. in the Board of Directors Meeting held oh 14th
January, 2013, pursuant to Section 260 of the Companies Act, 1956 ("the Act").
Shri Ashok Somani holds office upto the date of this Annual General Meeting. The Company
has received a notice in writing under Section 257 of the Act, from a Member, proposing
Shri Ashok Somani as a Director of the Company alongwithadeposit of Rs. 500/- whichwill be
refundedto such Member, if ShriAshok Somani is electedasaDirector.
The Board of Directors recommends that he be appointed as a Director of the Company.
None of the Directors, other than Shri Ashok Somani, may be considered to be concerned
or interested in the said appointment at item no. 5.
|
ON BEHALF OF THE BOARD |
| PLACE: MUMBAI |
Sd/- |
| DATE: 23rd MAY, 2013 |
ASHOK SOMANI |
|
DIRECTOR |