CHAIRMANS STATEMENT
NOTICE TO SHAREHOLDERS
NOTICE is hereby given that the 8th Annual General Meeting of the Members of
M/s. LAKHOTIA POLYESTERS (INDIA) LIMITED will be held on 13th September, 2013
at 02:30 pm at 158/159 Samaratha Sahkari Audyogik Vasahat Ltd., Pimpal- Gaon (Baswant),
Tal.- Niphad, Nashik - 422209, Maharashtra, India to transact the following business:
ORDINARY BUSINESS
1. To Consider and adopt the Balance Sheet as at 31st March 2013, and the
Statement of Profit & Loss for the year ended 31st March 2013, along with
the report of the Board of Directors and Auditors thereon.
2. To appoint Auditors to hold office till the conclusion of the next Annual General
Meeting and to fix their remuneration.
3. To appoint a director in place of Mrs. Jayshree Lakhotia, who retires by rotation
and being eligible, offers herself for re-appointment.
SPECIAL BUSINESS
4. To regularize Mr. Sajan Choudhary as director on the Board of the Company.
To consider and if thought fit, pass, with or without modification(s), following
resolution as an "Ordinary Resolution".
"RESOLVED THAT Mr. Sajan Choudhary, who was appointed as an Additional Director of
the company w.e.f. 12th October, 2012 and who holds the said office until the
date of this meeting in terms of Section 260 of the Companies Act, 1956 and in respect of
whom the company has received a notice in writing from a member under Section 257 of the
Companies Act, 1956 , proposing his candidature for the office of Director, be and is
hereby appointed as Director of the Company liable to retire by rotation".
"RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do all
such acts, deeds, matters and things as may be deemed necessary or desirable in such
manner as it deem fit in this regard to give effect to this resolution".
5. To regularize Mr. Shailesh Mistry as director on the Board of the Company.
To consider and if thought fit, pass, with or without modification(s), following
resolution as an "Ordinary Resolution".
"RESOLVED THAT Mr. Shailesh Mistry, who was appointed as an Additional Director of
the company w.e.f. 12th October, 2012 and who holds the said office until the
date of this meeting in terms of Section 260 of the Companies Act, 1956 and in respect of
whom the company has received a notice in writing from a member under Section 257 of the
Companies Act, 1956 , proposing his candidature for the office of Director, be and is
hereby appointed as Director of the Company liable to retire by rotation".
"RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do all
such acts, deeds, matters and things as may be deemed necessary or desirable in such
manner as it deem fit in this regard to give effect to this resolution".
6. To regularize Mr. Vicky Jain as director on the Board of the Company.
To consider and if thought fit, pass, with or without modification(s), following
resolution as an "Ordinary Resolution".
"RESOLVED THAT Mr. Vicky Jain , who was appointed as an Additional Director of the
company w.e.f. 12th October, 2012 and who holds the said office until the date
of this meeting in terms of Section 260 of the Companies Act, 1956 and in respect of whom
the company has received a notice in writing from a member under Section 257 of the
Companies Act, 1956 , proposing his candidature for the office of Director, be and is
hereby appointed as Director of the Company liable to retire by rotation".
"RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do all
such acts, deeds, matters and things as may be deemed necessary or desirable in such
manner as it deem fit in this regard to give effect to this resolution".
7. To regularize Mr. Harish Khajanchi as director on the Board of the Company.
To consider and if thought fit, pass, with or without modification(s), following
resolution as an "Ordinary Resolution".
"RESOLVED THAT Mr. Harish Khajanchi, who was appointed as an Additional Director
of the company w.e.f. 28th January, 2013 and who holds the said office until
the date of this meeting in terms of Section 260 of the Companies Act, 1956 and in respect
of whom the company has received a notice in writing from a member under Section 257 of
the Companies Act, 1956 , proposing his candidature for the office of Director, be and is
hereby appointed as Director of the Company liable to retire by rotation;
RESOLVED FURTHER THAT the Board of Directors be and hereby authorised to do all such
acts, deeds, matters and things as may be deemed necessary or desirable in such manner as
it deem fit in this regard to give effect to this resolution.
NOTES:
1. A member who is entitled to attend and vote at the annual general meeting is
entitled to appoint a proxy to attend and vote instead of himself and the proxy need not
be a member of the Company.
2. A proxy form in order to be effective must be deposited at the Registered Office of
the Company not less than 48 hours before the scheduled commencement of the meeting. A
blank proxy form is sent herewith.
3. The register of members and share transfer books of the Company will remain closed
from 10th September, 2013 to 13th September, 2013 (both days inclusive).
4. The Shareholders are requested to notify their change of address immediately to the
Registrars & Transfer Agent - Sharex Dynamic (India) Private Limited. The Company or
its registrar will not act on any request received directly from the shareholder holding
shares in electronic form for any change of bank particulars or bank mandate. Such changes
are to be advised only to the Depository Participant by the Shareholders.
5. Section 109A of the Companies Act, 1956 extends nomination facility to all
shareholders. They may like to avail it.
6. Equity shares of the Company are under compulsory demat trading by all investors.
Those shareholders who have not dematerialized their equity shares are advised to
dematerialize their shareholding, to avoid inconvenience in future.
7. Members intending to seek explanation / clarification about the Accounts at the
Annual General Meeting are requested to inform the Company at least a week in advance of
their intention to do so, so that relevant information may be made available, if the
Chairman permits such information to be furnished.
8. Members are requested to intimate their Email IDs for correspondence and quicker
response to their queries.
9. Re-appointment of Directors: At the ensuing Annual General Meeting Mrs. Jayshree
Lakhotia, liable for retire by rotation, and being eligible, offer herself for
reappointment. The details pertaining to these directors required to be provided pursuant
to Clause 52 of the listing agreement are furnished as annexure to this notice.
10. The Securities and Exchange Board of India (SEBI) has recently, vide its Circular
No. MRD/DoP/Cir-05/2009 dated 20th May, 2009, made it mandatory to submit Permanent
Account Number (PAN) by every participant in securities market. Members holding shares in
electronic form are, therefore, requested to submit their PAN to their Depositary
Participant with whom they are maintaining their demat accounts. Member holding shares in
physical form can submit their PAN details to the Company. The Company has an Email Id.
i.e info@lakhotiapoly.in, which is being used for the purpose of redressing the complaints
of the investors.
BY ORDER OF THE BOARD
FOR LAKHOTIA POLYESTERS (INDIA) LIMITED.
Sd/-
Madhusudan Lakhotia
(Chairman & Managing Director) Place: Nashik Date: 12th August, 2013