| AGM 08/09/2010
Sadbhav Engineering Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 08, 2010, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date and the reports of the Directors' and Auditors' thereon.
2. Granted the approval for the payment of dividend @ Rs. 4.00 per Equity Share (40%) on fully paid up Equity Shares of Rs. 10/- each of the Company for the year 2009-10.
3. Re-appointed Mr. Nitin R. Patel & Mr. Amarsingh J. Vaghela as Directors of the Company.
4. Appointed M/s Shashikant Patel Associates, Chartered Accountants Ahmedabad as the auditors of the Company to hold the office from the conclusion of this meeting until the conclusion of next Annual General Meeting , and that their remuneration be determined by the Board of Directors of the Company on recommendation of Audit Committee.
5. To borrow any sum or sums of money from time to time at their discretion, for the purpose of the business of the company, from any one or more Banks, Financial institutions and other persons, firms, bodies corporate, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company's Bankers in the ordinary course of business) may, at any time, exceed up to a sum of Rs. 1,500 Crore ( Rupees one thousand five hundred crore ) over and above the aggregate of the paid up capital of the Company and its free reserves (that is to say reserves not set apart for any specific purpose) and that the Board of Directors be and is hereby empowered and authorized to arrange or fix the terms and conditions of all such monies to be borrowed from time to time as to interest, repayment, security or otherwise as they may, in their absolute discretion, think it, subject to necessary provisions and approvals.
(As Per BSE Announcement Website dated on 08.09.2010) |
| Sadbhav Engineering Limited has informed the Exchange that at meeting of Board of Directors held on July 31, 2009 following has been decided/approved:
(1) The Annual General Meeting of the Company will be held on September 29, 2009.
(2) Register of Members and Share Transfer Books of the Company shall remain closed from September 14, 2009 to September 29, 2009 (both days inclusive) for the purpose of Annual General Meeting and payment of dividend.
Sadbhav Engineering Ltd has informed BSE that the shareholders at the 20th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2009 and the Profit and Loss Account for the year ended on that date and the reports of the Directors' and Auditors' thereon.
2. Dividend @ Rs 4.00 per Equity Share.
3. Re-appointment of Mr. Chetan N Patel, Mr. Sashin V Patel, & Mr. Pravinkumar M Ganatra as Directors of the Company.
4. Appointment of M/s. Shashikant Patel Associates, Chartered Accountants, Ahmedabad, as the Auditors of the Company to hold the office from the conclusion of this meeting until the conclusion of the next Annual General Meeting on remuneration, terms & condition
5. Appointment of Atul N Ruparel as Director subject to retirement by rotation under the Provisions of the Articles of Association of the Company.
6. Re-appointment of Mr. Vishnubhai M Patel as Managing Director & Chief Executive Officer of the Company for a period of five years w.e.f July 01, 2009 on the remuneration terms & Conditions.
7. Re-appointment Mr. Shashin V Patel as Joint Managing Director for a period of five years w.e.f July 01, 2009 on the remuneration terms & Conditions.
8. Re-appointment of Girish N Patel & Nitin R Patel as Whole-time Director designated as Executive Director of the Company for a period of five years w.e.f July 01, 2009 on remuneration terms & conditions.
9. Alteration in Articles of the Company in the manner to the extent set out below:
Following new clauses (c) and (d) after clause (b ) in the existing Article 174 of the Article of Association of the Company be inserted ; and the existing clause 174 (c) be renumbered as 174 (e).
'(c) Subject to the provisions of section 255 of the Act, a Managing Director shall not while he continues to hold office be subject to retirement by rotation and he shall not be reckoned as a Director for the purpose of determining the rotation of retirement of Directors or in fixing the number of Directors to retire. Subject to the revision of any contract between him and the Company a Managing Director shall be subject to the same provisions as to resignation and removal as the other Directors, and he shall ipso facto and immediately, cease to be a Managing Directors if he ceases to hold the office of Director from any cause save that if he shall retire by rotation under the provisions of Section 256 of the Act or otherwise vacates office as a Director at an Annual General Meeting and be reappointed a Director at the same meeting he shall not, by reason only of the such retirement or vacation cease to be a Managing Director.
(d) If at any time the total number of Managing Director(s) is more than one third of the total number of Directors not liable to retire by rotation the Managing Director(s) who shall retire be determined by and in accordance with their respective seniorities. For the purpose of this Article the seniorities of the Managing Directors shall be determined by the date of their respective appointments as Managing Directors by the Board. As between persons who became Managing Directors on the same day those to retire shall in default of or subject to any agreement among themselves be determined by lot & consequential effect on Memorandum & Articles of Association.'
(As Per BSE Announcement Dated on 01/10/2009) |
| Sadbhav Engineering Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 29, 2008 following has been decided:
The Annual General Meeting of the Company will be held on September 27, 2008.
Sadbhav Engineering Limited has submitted to the Exchange a copy of the minutes of the proceeding of the Annual General Meeting of the Company held on September 27, 2008.
(As per NSE Bulletin dated on 30/09/2008)
Sadbhav Engineering Ltd has informed BSE that the shareholders at the 19th Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended on that date and the reports of the Directors' and Auditors' thereon.
2. Dividend @ Rs 4.00 per Equity Share.
3. Re-appointment of Mr. Shailesh N Patel, Mr. Sandip V Patel, & Mr. Vikram R Patel as Directors of the Company.
4. Appointment of M/s. Shashikant Patel Associates, Chartered Accountants, Ahmedabad, as
the Auditors of the Company to hold the office from the conclusion of this meeting until the conclusion of the next Annual General Meeting on remuneration, terms & conditions.
5. Authority to the Board of Directors of the Company to borrow any sum or sums of money (including non fund based facilities) from time to time at their discretion, for the purpose of the
business of the company, from any one or more Banks, Financial institutions and other persons, firms, bodies corporate, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company's Bankers in the ordinary course of business) may, at any time, exceed up to a sum of Rs 1,000 Crore (Rupees one thousand crore) over and above the aggregate of the paid up capital of the Company and its free reserves (that is to say reserves not set apart for any specific purpose) and that the Board of Directors be and is hereby empowered and authorized to arrange or fix the terms and conditions of all such monies to be borrowed from time to time as to interest, repayment, security or otherwise as they may, in their absolute discretion, think it, subject to necessary
provisions and approvals.
6. Approval granted for the commencement of business as set out in sub-clause (52) (59) and (60) of Clause III C: the Other Object Clause of the Memorandum of Association of the Company as follows: "sub-clause-52 : To work mines or quarries and to find, win, get, work, crush, smelt, manufacture or otherwise deal with chalk, clay, ores, and generally to carry on the business of mining of all branches. sub-clause-59 : To prospect, explore, open and work claims or mines, drill and sink shaits or wells or drill heads and raise, pump dig and 4uarry for gold, silver, minerals, ores, diamonds and precious stones, oil, petroleum, coal earth and other substances. sub-clause-60 : To purchase, take on lease or
otherwise acquire freehold and other lands, mines and mineral properties, offshore and sea beds, river basins and grants, concession, leases, claims, licences of or other interests in mines, mining rights, lands, mineral properties, water rights and either absolutely or conditionally and either solely or jointly with others." 7. To create, offer, issue and allot, to or for the benefit of such person(s) who are in the permanent employment and the Directors (including the whole-time Directors) of the Company, at any tune, Equity Shares of the Company and / or warrants (whether attached to any security or not) with an option exercisable by the warrant-holder to subscribe for equity share / equity linked securities and / or bonds, debentures, preference shares or other securities convertible into Equity Shares at such price, in such manner, during
such period, in one or more trenches and on such terms and conditions as the Board may decide prior to the issue and offer thereof; for, or which upon exercise or conversion could give rise to the issue of Equity Shares not exceeding 2,50,000.,
under Sadbhav Employees Option Scheme 2008 ("ESOS Scheme 2008"), as place at the meeting; option being exercisable for one Equity Share of a face value of Rs 10/- each fully paid-up on payment of the requisite exercise price, subject to necessary
provisions and approvals.
8. To create, offer, issue and allot, to or for the benefit of such person(s) who are in permanent
employment of its holding company / cement subsidiaries and any other future subsidiaries of the Company, including any Director of such Companies, whether in whole time employment or otherwise, Equity Shares of the Company and / or warrants (whether attached to any security or not) with an option exercisable by the warrant-holder to subscribe for equity share / equity linked securities and / or bonds, debentures, preference shares or other securities convertible into Equity Shares at such price, in such manner, during such period in one or more trenches and on such terms and conditions as the Board may decide prior to the issue and offer thereof, for, or which upon exercise or conversion could give rise to the issue of Equity Shares within the overall ceiling of 2,50,000 Equity Shares of the Company, under the Scheme titled Sadbhav Employees Stock Option Scheme 2008 ("ESOS Scheme 2008"); each option would be exercisable for one Equity Share of a face value of Rs 10/- each fully paid-up on payment of the requisite exercise price, subject to necessary provisions and approvals.
(As per BSE Bulletin dated on 01/10/2008) |
| AGM 29.09.2007
Sadbhav Engineering Limited has submitted to the Exchange a copy of the minutes of the proceedings of the Annual General Meetings of the Company held on September 29, 2007.
(As per NSE Bulletin dated on 04/10/2007)
Sadbhav Engineering Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended on that date and the reports of the Directors? and Auditors? thereon.
2. Declaration of dividend @ Rs 3.50 per equity share of the Company.
3. Re-appointment of Mr. Nitin R Patel, Mr.
Pravinkumar M Ganatra, Dr. Amarish Parikh & Mr. Amarsinh Vaghela as Directors of the Company.
4. Appointment of M/s. Shashikant Patel Associates, Chartered Accountants Ahmedabad, as the auditors of the Company to hold the office from the conclusion of this meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Revision in the remuneration of Mr. Vishnubahi M Patel, Managing Director and Chief Executive Director of the Company with effect from September 01, 2007, on terms & conditions.
6. Revision in the remuneration of Mr. Shashin V Patel, Joint Managing Director of the Company with effect from September 01, 2007, on terms & conditions.
7. Revision in the remuneration of Mr. Chetan alias Girish N Patel , Mr. Vishnukumar R Patel, Mr. Vasistha C Patel & Mr. Nitin R Patel
Executive Directors of the Company with effect from September 01, 2007, on terms & conditions.
(As per BSE Bulletin dated on 05/10/2007) |