Mr. Nerella Venkatarama Mohan Rao is a Director in all above said Companies and a
‘Related Party’ within the meaning of Section 2(76) of the Companies Act, 2013
and Clause 49-VIII(B)(2) of the Listing Agreement. (effective from October 1, 2014).
In terms of proviso to Clause 49-VIII(C) of the Listing Agreement, the proposed
contracts /arrangement /transactions relating to transfer or receipt of products, goods,
materials or services with related party are material in nature as these transactions are
likely to exceed 10% of the net worth or turnover of the Company as per the last audited
financial statements of the Company. Therefore, in terms of Clause 49-VIII(C), the
contracts / arrangement /transactions with related party requires the approval of
unrelated shareholders of the Company by a special resolution.
Mr. Nerella Venkatarama Mohan Rao and Venkata Raghunadh Nerella are interested in the
resolution set forth in Item No.10 of the Notice.
Save and except the above, none of the other Directors/Key Managerial Personnel of the
Company/ their relatives are, in any way, concerned or interested, financially or
otherwise, in this resolution.
The Board recommends the resolution set forth in Item No.4 of the Notice for approval
of the unrelated shareholders of the Company.
|
By Order of the Board |
|
For Omega AG Seeds (Punjab) Limited |
|
Sd/- |
| Place: Hyderabad |
[N.V.R. MOHAN RAO] |
| Date : 29th August , 2015 |
Managing Director |