Rajasthan Gases Ltd Share Price

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Purpose AGM Date Announcement Date Book Closure Start Date Book Closure End Date
EGM 30-Oct-2018 01-Oct-2018 - -
EGM 30/10/2018 NOTICE OF THE EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of Rajasthan Gases Limited will be held on Tuesday, 30th October, 2018 at 10:00AM at 103, Roha Orion, 16th Street Near 33rd Road, TPS III, Bandra (W) Mumbai - 400050 to transact the following business: REDUCTION OF EQUITY SHARE CAPITAL OF THE COMPANY To consider and if thought fit, to pass with or without modifications, the following resolution as a Special Resolution: RESOLVED THAT pursuant to the provisions of Section 66 of the Companies Act, 2013 and the National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016 and other applicable provisions, if any, of the Companies Act, 2013, and all such laws as may be applicable from time to time, if any, (including any modification(s) or re-enactment thereof for time being in force) and in accordance with the Memorandum of Association and Articles of Association of the Company, and subject to the approval of the Honble National Company Law Tribunal, Mumbai Bench (NCLT), and any other statutory authorities, as the case may be, the consent of the members of the Company be and is hereby accorded to reduce the paid up equity share capital of the Company from Rs. 5,37, 38,000/- (Rupees Five Crore Thirty Seven Lakh Thirty Eight Thousand Only) divided into 53,73,800 (Fifty Three Lakh Seventy Three Thousand Eight Hundred) equity shares of Rs. 10 each, fully paid up to Rs. 1,61,21,400/- (Rupees One Crore Sixty One Lakh Twenty One Thousand Four Hundred Only) divided into 53,73,800 (Fifty Three Lakh Seventy Three Thousand Eight Hundred) equity shares of Rs. 3 each, fully paid up, amounting to Rs. 3,76,16,600/- (Rupees Three Crore Seventy Six Lakh Sixteen Thousand Six Hundred Only) and that such reduction be effected by writing off the Accumulated Losses of the Company being the debit balance of Profit & Loss Account amounting to Rs. 3,34,99,586.91/- as per the audited financial statements of the Company as on 31.03.2017 and the difference between the amount of reduction in share capital and the amount of accumulated losses written off, shall be credited to the Capital Reserve Account and such shall be deemed to form part of the reduction of capital in the manner proposed above. RESOLVED FURTHER THAT subject to the approval of the Honble National Company Law Tribunal at Mumbai and any other appropriate authority, as may be applicable, the Company be and is hereby not required to add word And Reduced to its name as the last words there off. RESOLVED FURTHER THAT consequential amendments, if any, be made in the capital clause of the Memorandum of Association and the Articles of Association of the Company after the said reduction becomes operative and effective. RESOLVED FURTHER THAT Mr. Nikhilesh Narendra Khandelwal and Mr. Pradeep Kishangopal Mundra, Directors of the Company; Mr. Prashant Trilokchand Soni, Chief Financial Officer and Ms. Kajal Ajay Raje, Company Secretary of the Company be and are hereby severally authorized to give such directions as they may think fit and proper, including directions for settling any questions or difficulties that may arise and to do all such acts, deeds, matters and things of whatsoever nature as may be deemed expedient for giving effect to the above resolution. RESOLVED FURTHER THAT Mr. Nikhilesh Narendra Khandelwal and Mr. Pradeep Kishangopal Mundra, Directors of the Company; Mr. Prashant Trilokchand Soni, Chief Financial Officer and Ms. Kajal Ajay Raje, Company Secretary of the Company and/ or any other person as may be nominated by the Board of Directors of the Company, be and are hereby severally authorized to take all necessary steps to give effect to the said resolution pertaining to reduction of capital of the Company, including but not limited to: a) filing of application/petition and/or any other information/ documents with the Honble National Company Law Tribunal and/or any other regulatory authorities for their approval to the proposed reduction of capital or giving effect to any of the provisions thereto; b) filing of any affidavit, petitions, pleadings, applications, forms or reports before the Honble National Company Law Tribunal or any statutory or regulatory authority, including stock exchanges, the Securities and Exchange Board of India, the Registrar of Companies, Regional Director, or such other authority as may be required in connection with the proposed reduction of capital and or in connection with its sanction thereof and to do all such acts deeds or things as they may deem necessary in connection there with and incidental thereto; c) signing all applications, petitions, documents, undertakings affidavits, letters relating to the proposed reduction of capital, and represent the Company before any regulatory authorities and the Honble National Company Law Tribunal in relation to any matter pertaining to the proposed reduction of capital or delegate such authority to another person by a valid power of attorney; d) engaging advocates, counsels and any other consultants, declaring, executing and filing all necessary documents including but not limited to affidavits, pleadings, statements, reports, and sign and issue public advertisements and notices; e) making any alterations / changes in the application/ petition as may be expedient or necessary and which does not materially change the substance of the reduction; f) passing such accounting entries and / or making such other adjustments in the books of accounts, as are considered necessary to give effect to the above resolution; and g) do all such acts, deeds, matters and things as may be deemed necessary, expedient, usual or proper and to settle any question or difficulty that may arise including things as may be necessary or required to give effect to the proposed reduction of capital and for matters connected therewith or incidental thereto. RESOLVED FURTHER THAT Mr. Nikhilesh Narendra Khandelwal and Mr. Pradeep Kishangopal Mundra, Directors of the Company; Mr. Prashant Trilokchand Soni, Chief Financial Officer and Ms. Kajal Ajay Raje, Company Secretary of the Company and/ or any other person as may be nominated by the Board of Directors of the Company be and are hereby severally authorized to delegate powers, issue power of attorneys and authorization letters to the executives, consultants, professionals, as may be required in connection with the implementation of the proposed reduction of capital. RESOLVED FURTHER THAT any of the Director of the Company be and is hereby authorised to file the necessary forms with the Registrar of Companies, Mumbai and digitally sign the same. RESOLVED FURTHER THAT Mr. Nikhilesh Narendra Khandelwal and Mr. Pradeep Kishangopal Mundra, Directors of the Company, Mr. Prashant Trilokchand Soni, Chief Financial Officer and Ms. Kajal Ajay Raje, Company Secretary of the Company be and are hereby severally authorized to sign any copy of this resolution as a certified true copy thereof and furnish the same to whomsoever concerned, wherever necessary. To, Date: 28.09.2018 The Manager Corporate Relationship Department, Bombay Stock Exchange, 1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort. Mumbai - 400001 SUB : OUTCOME OF BOARD MEETING HELD ON 27TH SEPTEMBER, 2018 ON 5 PMTO HOLD EXTRA ORDINARY GENERAL MEETING ON 30.10.2018 Ref : scrip code 526873 Dear Sir, With above reference we like to inform that in the Board Meeting of Directors consider & approved Draft of Notice and Resolutions for Extra Ordinary General Meeting for Approval of Resolutions related to Capital Reduction. An Extra Ordinary General Meeting of members of Company will be Held on 30th October, 2018 at 10 AM at registered Office. The Company Also Appoint CA Kushal Lohiya as a Scrutinizer of E voting of Extra Ordinary General Meeting