Chairman Statements
EXPLANATORY STATEMENT PURSUANT TO SECTION 173 (21 OF THE COMPANIES ACT. 1956.
ITEM 4 TO7
Mrs. Rita Singh, Mr. Jasmin Parekh, Mrs. Diptika Mehta and Mr. Bahubali Mehta were
appointed as an Additional Directors, pursuant t o the Regulation 3 and 4 of SEBI (SAST)
Regulations,2011 on completion of the open offer, on 26th August, 2013 by the Board of
Directors of the Company as per the provisions of Section 260 of the Companies Act, 1956
and Articles of Association of the Company. According to the said provisions of the
Companies Act, 1956 the office of an Additional Director expires at the ensuing Annual
General Meeting.
The Company has received the requisite notices from the members signifying their
intention proposing the appointment of Mrs. Rita Singh, Mr. Jasmin Parekh, Mrs. Diptika
Mehta and Mr. Bahubali Mehta as a Directors of the Company along with a deposit of Rs.
500/- as per the requirement of Section 257 of the Companies Act, 1956.
The brief resume stating the qualification and experience of each of the directors are
attached herewith the resolution.
The Board of Directors proposes to appoint Mrs. Rita Singh as Non Executive Promoter
Director and Mr. 'Jasmin Parekh, Mrs. Diptika Mehta and Mr. Bahubali Mehta on the Board as
a independent Directors and hence the resolution is being put before the members for their
approval.
None of the Directors except Mrs. Rita Singh, Mr. Jasmin Parekh, Mrs. Diptika Mehta and
Mr. Bahubali Mehta are interested in the said Resolution.
|
By Order of the Board of Directors |
| Place: Mumbai |
sd/- |
| Date: 2nd September, 2013 |
Director |