| 28-Sep-12 |
| AGM 29.09.2012
(Revised)
(As Per BSE Bulletin Dated on 21.08.2012)
Sumeet Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 28, 2012.
(As per BSE Announcement Dated on 05.10.2012)
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| 26-Sep-11 |
| Sumeet Industries Limited has informed the Exchange that the Register of Members and the Share Transfer Books of the Company will remain closed from September 20, 2011 to September 26, 2011 (both days inclusive) for the purpose of payment of final dividend. The Annual General Meeting of the Company will be held on September 26, 2011.
Sumeet Industries Ltd has informed BSE that Annual General Meeting (AGM) of the Company was held on September 26, 2011.
1. Adoption of the Audited Balance Sheet as at March 31, 2011 And Profit and Loss Account for the year ended on that date and the Report of Auditors' thereon.
2. Declaration of Dividend of 10% on equity Shares, as Final Dividend for the year 2010-11.
3. Re-appointment of Shri B. C. Chordia & Shri Vinod Kumar Ladia, as Directors of the Company.
4. Appointment of M/s. Pradeep Singhi & Associates, Chartered Accountants, as Auditors
of the Company to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & Conditions.
5. Re-appointment of Shri Dinesh Sharan Khare as Executive Director (Whole Time Director) of the Company for a period of 5 (Five) years with effect from December 16, 2011, on remuneration, terms & conditions.
6. Accorded to the Board of Directors, to borrow any sum or sums of monies, from any one or more Companys bankers and/or from any one or more other Banks, Persons, Firms, Bodies corporate or Financial Institution, whether by way of term loans, advances or deposits, FCCB, ECB loans, or bills discounting, issue of debentures, furnishing of guarantees or otherwise and whether unsecured or secured by mortgage, charge, hypothecation, lien or pledge of the Company?s assets and properties, whether immovable or movable, and
all or any of the undertaking(s) of the Company, for and on behalf of the Company from time to time of further sums of money for the purpose of the Company amounting in aggregate to a sum not more than Rs. 1000 Crores (Rupees one thousand crores)
(excluding temporary loans obtained from the Company?s bankers in the ordinary course of business), that is to say, the total borrowings by the Board of Directors for and on behalf of the Company of an aggregate sum not exceeding Rs. 1000 Crores, exclusive of interest, notwithstanding that the monies to be borrowed together with monies already borrowed by the Company (apart from such temporary loans obtained or to be obtained from the Company?s bankers) will or may exceed the aggregate of the paid-up capital and its free reserves, that is to say, reserves not set apart for any specific purpose.
7. Accorded to the Board, to mortgage, hypothecate and/or charge in addition to the existing mortgages/ hypothecation/ charges created by
the Company on such terms and conditions as the Board may deem fit, on all or any part of movable and/or immovable properties of the Company, wherever situate, both present and future, and/or the whole or substantially the whole of the undertaking of the Company in favour of any person including but not limited to banks, financial institutions, corporate bodies, trustees of debenture holders and / or any other lending agencies or other persons to secure the loans, debentures and other credit facilities together with interest, cost, charges, expenses and any other money payable by the Company up to a sum not exceeding Rs. 1000 Crores (Rupees one thousand crores).
8. Authority to the Board, to create, offer, issue and allot up to 50,00,000 (Fifty Lacs) Equity Warrants on a preferential basis to the Promoters / Promoters Group(s), entitling the warrant
holder with an option to apply for and be allotted one fully paid up equity share of face value of Rs.10/- each against one warrant, at a conversion price including premium being a price not less than the price to be arrived at as per SEBI (ICDR)
Regulations, 2009 on the relevant date, being the date 30 (thirty) days prior to the date of passing of this resolution by the members in the Annual General Meeting, on such terms and conditions, as may be finalized by the Board of Directors, in
accordance with guidelines/rules applicable to preferential allotment of the Equity Warrants, as the case may be, and/or any modification thereof, subject to the necessary provision and approvals.
9. Accorded for raising the ceiling of 24% of the
total paid up capital of the company on investment in securities by Financial institutional investor (FIIs) as stated under erstwhile master circular on foreign investment in India by Reserve Bank of India to 49% of the Paid Up Equity Share Capital
of the Company subject to the condition that the holding of any single Eli or each SEBI approved sub- account of a FII or the concerned FII group does not exceed 10% of the Paid up capital of the Company.
(As Per BSE Annoncement Website Dated on 28/09/2011) |
| 30-Sep-10 |
| AGM 30/09/2010
Sumeet Industries Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2010 And Profit and Loss Account for the year ended on that date and the Report of Auditors' thereon.
2. Declaration of Dividend of 10% on equity Shares, as Final Dividend for the year 2009-10.
3. Re-appointment of Shri Devi Prasad Saboo, & Shri Mangilal Lahoti as Directors of the Company.
4. Re-appointment of M/s Pradeep Singhi & Associates, Chartered Accountants, as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & Conditions.
5. Re-appointment of Shri Sumeet Kumar Somani as Whole Time Director of the Company for a period of 5 (Five) years with effect from October 01, 2010, on necessary terms & conditions.
6. Authority to the Board/Committee to issue/offer equity shares, including unclassified shares after classifying them as equity/preference shares and/or non-convertible debentures, all or any of the aforesaid with or without detachable warrants, and/or warrants of any nature, ADRs, GDRs, Bonds and/or any other financial instruments (hereinafter for brevity's sake referred to as 'Securities') as the Board at its sole discretion may at any time or times hereafter decide, to such persons whether or not such persons are members of the Company including Non-Resident Indians, Overseas Corporate Bodies (OCBs), Foreign Institutional Investors (FIIs), Companies, other entities/authorities and to such other persons, whether through public issue, rights issue, conversion of loans or otherwise for expansion of existing manufacturing facilities, setting up new projects, working capital requirements and for general corporate purposes or any other strategic investments as the Board may deem fit, so that the total amount raised through the aforesaid securities including premium, if any, shall not exceed Rs. 100 Crores, with or without voting rights in General Meetings of the Company as may be permitted under the prevailing laws, at such price or prices, or in such manner as the Board or Committee thereof may in its absolute discretion think fit, in consultation with the lead managers, advisors and such other persons on necessary terms and conditions.
7. Increase the Authorised Share Capital of the Company from Rs. 50.00 Crores divided in to 4,00,00,000 (Four Crres) Equity Shares of Rs. 10/- each and 1,00,00,000 (One Crore) 6% Non- Convertible Redeemable Preference Shares of Rs. 10/- each) to Rs. 75.00 Crores divided in to 6,50,00,000 (Six Crores Fifty Lacs) Equity Shares of Rs.10/- each and 1,00,00,000 (One Crore) 6% Non- Convertible Redeemable Preference Shares of Rs. 10/- each ranking pari passu with the existing shares in the company.
8. Authority to the Board of Directors (which here in after referred to as 'the Board' which term shall be deemed to include any committee thereof for the time being exercising the powers conferred on the Board of Directors by this resolution), to borrow any sum or sums of monies, from any one or more Company's bankers and/or from any one or more other Banks, Persons, Firms, Bodies corporate or Financial Institution, whether by way of term loans, advances or deposits, fccb, loans or bills discounting, issue of debentures, furnishing of guarantees or otherwise and whether unsecured or secured by mortgage, charge, hypothecation, lien or pledge of the Company's assets and properties, whether immovable or movable, and all or any of the undertaking(s) of the Company, for and on behalf of the Company from time to time of further sums of money for the purpose of the Company amounting in aggregate to a sum not more than Rs. 750 Crores (Rupees Seven Hundred Fifty Crores) (excluding temporary loans obtained from the Company's bankers in the ordinary course of business), that is to say, the total borrowings by the Board of Directors for and on behalf of the Company of an aggregate sum not exceeding Rs. 750 Crores, exclusive of interest, notwithstanding that the monies to be borrowed together with monies already borrowed by the Company (Apart from such temporary loans obtained or to be obtained from the Company's bankers) will or may exceed the aggregate of the paid-up capital and its free reserves, that is to say, reserves not set apart for any specified purpose.
9. Authority to the Board of Directors of the Company (which herein after referred to as 'the Board' which term shall be deemed to include any committee thereof for the time being exercising the powers conferred on the Board of Directors by this resolution) to mortgage, hypothecate and/or charge in addition to the existing mortgages/ hypothecation/ charges created by the Company on such terms and conditions as the Board may deem fit, on all or any part of movable and/or immovable properties of the Company, wherever situate, both present and future, and/or the whole or substantially the whole of the undertaking of the Company in favour of any person including but not limited to banks, financial institutions, corporate bodies, trustees of debenture holders and /or any other lending agencies or other persons to secure the loans, debentures and other credit facilities together with interest, cost, charges, expenses and any other money payable by the Company up to a sum not exceeding Rs. 750.00 Crores (Rupees Seven Hundred Fifty Crores).
(As Per BSE Announcement Website dated on 07.10.2010) |
| 29-Sep-09 |
| Sumeet Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2009 to September 26, 2009, (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 29, 2009.
Sumeet Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 29, 2009, inter alia, have accorded to the following:
1. Adoption of Balance Sheet as at March 31, 2009 And Profit and Loss Account for the year ended on that date and the Auditors Report and Directors' thereon.
2. Re-appointment of Shri. B C Chordia &
Shri. Mangilal Lahoti as Directors of the Company.
3. Appointment of M/s. Pradeep Singhi & Associates, Chartered Accountants as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company on
remuneration, terms and conditions.
4. Re-appointment of Shri Shankarlal Somani as Chairman & Whole Time Director of the Company for the period of 5 years with effect from December 01, 2009, on remuneration, terms and conditions.
5. Increase in the remuneration of Shri Rajkumar Somani & Shri Sumeet Kumar Somani.
6. Altered and reconstituted in to Equity Shares and Non-Convertible Redeemable Preference Shares of Rs 40.00 Crores and 10 Crores respectively by cancellation of 50,00,000 Equity Shares of Rs 10/- each and simultaneously creating 50,00,000 6% Non-convertible Redeemable Preference Shares of Rs
10/- each. Accordingly, new amended Clause V of the Memorandum of Association and Article 5 of the Articles of Association of the Company will be read below: The Authorised Share Capital of the Company is Rs 50,00,00,000/- divided into
1. 4,00,00,000 Equity Shares of Rs 10/- each.
2. 1,00,00,000 6% Non-Convertible Redeemable Preference Shares of Rs 10/- each.
on being put to vote the resolution was adopted unanimously.
7. Inserted as Article 127 A under the heading 'Passing of Resolution by Postal Ballot. The Company do adopt the mode of passing resolutions by means of postal ballots and /or other ways as may be prescribed by the Central Government with respect to any business that can be transacted by the Company in the General Meeting and particularly resolutions relating to such business as the Central Government may be notification declare to be conducted only by postal ballot.
8. Inserted in the Articles of Association of the Company as Article No. 163A under the heading 'Board/Committee meetings through Video /Tele conferencing.
9. Board to Accorded to issue 1,00,00,000 6%
Non-Convertible Redeemable Preference Shares of Rs 10/- each to the Directors and their relatives & associate concerns and Strategic investors that will be redeemed with in the period of 10 years from the date of issue of such Preference Shares.
10. For borrowings money from time to time in excess of paid up capital and free reserves, if any, provided however that the amount borrowed and out standing at any time shall not exceed the sum of RS 500,00,00,000 exclusive of the temporary loans obtained from the companies bankers in the ordinary course of business of the Company.
(As Per BSE Announcement Website dated on 30.09.2009) |
| 29-Sep-08 |
| AGM 29/09/2008
Sumeet Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 29, 2008, inter alia, have accorded to the following:
1. Adoption of Balance Sheet as at March 31, 2008 And Profit and Loss Account for the year ended on that date and the Report of Auditors' and Directors' thereon.
2. Re-appointment of Shri. B C Chordia & Shri. Devi Prasad as Directors of the Company.
4. Appointment of M/s. Pradeep Singhi & Associates, Chartered Accountants as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.
5. Appointment of Shri. Raj Kumar Somani as Managing Director of the Company for a period 5 years with effect from October 01, 2008, remuneration on terms & conditions.
(As Per BSE Bulletin Dated on 03/10/2008) |