Chiarmans Statements
EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACT, 1956
The following Explanatory Statement sets out all material facts relating to the Special
Business mentioned in the accompanying Notice:
Item No. 5
Mr Pankaj Jain is a director of the company since inception. The Board of Directors at
its meeting held on 18th May, 2013 has, subject to the approval of Members, appointed him
as Executive Director for a term of 5 years w.e.f. from 01st April, 2013 without
remuneration.
It is proposed to seek Members' approval for the appointment of Mr. Pankaj Jain as
Executive Director of the Company.
The Board commends the resolution set out at item No. 5 of the Notice for your
approval.
None of the Directors except Dr. M. R. Jain, Mr. Pankaj Jain and Mr. Dinesh Jain are
directly or indirectly interested n i the aforesaid resolution as they are related to each
other.
Item No. 6
Mr Dinesh Jain is a director of the company since inception. The Board of Directors at
its meeting held on 18th May,2013 has, subject to the approval of Members, appointed him
as Whole Time Director for a term of 5 years w.e.f. from 01st April, 2013 without
remuneration.
It is proposed to seek Members' approval for the appointment of Mr. Dinesh Jain as
Whole Time Director of the Company. The Board commends the resolution set out at item No.
6 of the Notice for your approval.
None of the Directors except Dr. M. R. Jain, Mr. Pankaj Jain and Mr. Dinesh Jain are
directly or indirectly interested in the aforesaid resolution as they are related to each
other.
|
For and on behalf of the Board |
|
Sd/- |
| New Delhi |
Pankaj Jain |
| May 18th. 2013 |
Director |