CHAIRMAN
(Pursuant to Section 173 (2) of the Companies Act, 1956)
Item No. 5 & 6
Pursuant to the provisions of Section 262 of the Companies Act, 1956 and Article 34 of
Articles of Association of the Company; the casual vacancy in the office of Whole-Time
Director caused by the resignation of Mr. G Rama Raju has been filled by the appointment
of Mr. G. Sandeep who shall hold office upto the tenure Mr. G Rama Raju should have held
office had it not been vacated. All the terms of appointment of Mr. G Rama Raju will be
applicable to the appointment of Mr. G. Sandeep.
After taking into account the substantial growth and improvement in the operations and
financial position of the Company and the prevailing remuneration packages in other
Companies, the Board,on the recommendation of the Remuneration Committee at its meeting
held on 8th day of August, 2013,decided to revise the terms of his appointment and
remuneration as set out in the resolution No.6 with effect from 1st October, 2013.
The above resolutions together with this Explanatory Statement constitute abstract of
terms of the remuneration and the Memorandum of Interest of the Whole-time Director under
Section 302 of the Companies Act, 1956.
None of the Directors, except Mr. G. Ganesh Kumar, Chairman & Managing Director and
Mr. G. Sandeep, Whole Time Director are interested or concerned in the Resolution.
Your Directors recommends the Ordinary Resolution as set out in Item No. 5 of the
notice for your approval.
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By Order of the Board of Directors |
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For Tyche Industries Limited |
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Sd/- |
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G. Ganesh Kumar |
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Chairman & Managing Director |
| Place: Hyderabad |
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| Date: 8th August,2013 |
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| Registered Office: |
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| H. No. C-21/A, Road No.9, |
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| Film Nagar, Jubilee Hills, |
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| Hyderabad - 500 096 |
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