Chiarmans Statements
ANNEXUERE TO THE NOTICE
Explanatory Statement u/s 173(2) of the Companies Act, 1956.
ITEMNO.4:
Shri Anoop Vasudeo Agarwal was appointed by the Board at their meeting held on
24/12/2012 as the Additional Director of the Company. Your directors propose to appoint
him as a director of the Company in the ensuing annual general meeting.
Except Shri Anoop Vasudeo Agarwal, none of the directors of the company is concerned or
interested in this Resolution.
ITEM NO.5 & 6:
Shri Hemant Sharma was appointed as an additional director and upon the recommendation
of the Remuneration Committee, he was further appointed as the Managing Director of the
Company w.e.f. 30/05/ 2013 for a period of three years, in accordance with the provisions
of Schedule XIII of the Act, without any remuneration.
This should be considered also as an abstract of the terms of the appointment of Shri
Hemant Sharma as Managing Director of the Company and a memorandum as to the nature of the
concern or interest of the Directors in the said appointment as required u/s 302 of the
Companies Act, 1956.
Your Board seeks approval of the members as set out in the Item No. 5 & 6 of the
notice.
Except Mr. Hemant Sharma, none of the Directors of the Company is concerned or
interested in the above said resolution.
|
BY ORDER OF THE BOARD |
| Place: Indore |
HEMANT SHARMA |
| Date: 30th May, 2013 |
MANAGING DIRECTOR |