53 / 140
51
1RQH RI WKH 'LUHFWRUV H[FHSW 0U 5 $ 6KDK LV LQWHUHVWHG LQ RU FRQFHUQHG ZLWK WKLV 5HVROXWLRQ
Item No 8
3XUVXDQW WR $UWLFOH RI WKH $UWLFOHV RI $VVRFLDWLRQ UHDG ZLWK 6HFWLRQ RI WKH &RPSDQLHV $FW
WKH 1RQ H[HFXWLYH
'LUHFWRUV DUH HQWLWOHG WR UHFHLYH FRPPLVVLRQ XS WR RI WKH QHW SURÀWV RI WKH &RPSDQ\ LQ DQ\ ÀQDQFLDO \HDU ZLWK WKH DXWKRULVDWLRQ
RI WKH &RPSDQ\ E\ ZD\ RI 6SHFLDO 5HVROXWLRQ ZKLFK VKDOO QRW UHPDLQ LQ IRUFH IRU D SHULRG RI PRUH WKDQ ÀYH \HDUV
Earlier the 31
st
$*0 KDG DXWKRULVHG SD\PHQW RI VXFK FRPPLVVLRQ IRU D SHULRG RI ÀYH \HDUV ZKLFK H[SLUHG RQ 0DUFK
and the same requires further renewal.
,Q YLHZ RI WKH WLPH DQG DWWHQWLRQ ZKLFK WKH 1RQ H[HFXWLYH 'LUHFWRUV DUH FDOOHG XSRQ WR JLYH IRU WKH SXUSRVH RI EXVLQHVV RI WKH
&RPSDQ\ LW LV FRQVLGHUHG WKDW WKH SD\PHQW RI VXFK FRPPLVVLRQ WR WKH 1RQ H[HFXWLYH 'LUHFWRUV DV SHUPLWWHG E\ $UWLFOH
DIRUHVDLG PD\ EH PDGH IRU WKH SHULRG RI ÀYH \HDUV IURP $SULO
$OO WKH 'LUHFWRUV H[FHSW 0U 6 6 /DOEKDL &0' 0U 6 $ /DOEKDL 0DQDJLQJ 'LUHFWRU DQG 0U % 1 0RKDQDQ :KROH WLPH 'LUHFWRU PD\
be deemed to be interested in or concerned with this Special Resolution.
Item No 9
The Members in the AGM held on August 25, 2008 had appointed Mr S S Lalbhai as the CMD of the Company for a period of
ÀYH \HDUV ZLWK HIIHFW IURP -XO\
7KH FXUUHQW WHUP RI KLV RIÀFH LV GXH WR H[SLUH RQ -XQH
0U /DOEKDL KDV
\HDUV RI H[SHULHQFH ZLWK WKH &RPSDQ\ DQG KDV PDGH VLJQLÀFDQW FRQWULEXWLRQ LQ LWV JURZWK
,W LV QRZ SURSRVHG WR UHDSSRLQW KLP DV WKH &0' RI WKH &RPSDQ\ IRU D IXUWKHU SHULRG RI ÀYH \HDUV FRPPHQFLQJ
July 01, 2014. The Board, in their meeting held on May 07, 2013 has approved the proposal for his reappointment as the CMD.
+LV EULHI 5pVXPp LV DV XQGHU
Name
Mr S S Lalbhai
Date of birth
March 15, 1960
Brief Résumé
0U 6 6 /DOEKDL LV WKH &0' RI $WXO /WG KH KDV EHHQ ZRUNLQJ ZLWK WKH &RPSDQ\ VLQFH
1983.
0U /DOEKDL LV D 0HPEHU RI WKH *RYHUQLQJ &RXQFLO RI 6KUHH 9DOODEK 6KLNVKDQ $VKUDP DQG
a Trustee on the Board of BAIF Development Research Foundation and some of the other
social institutions established by Lalbhai Group.
Mr Lalbhai holds MS degree in Chemistry from the University of Massachusetts and
MS degree in Economic Policy and Planning from Northeastern University.
Directorship in other companies
Public Companies:
Amal Ltd - Chairman
Atul Bioscience Ltd - Chairman
$WXO 5DMDVWKDQ 'DWH 3DOPV /WG
Navin Fluorine International Ltd
Wyeth Ltd
Membership in committees of
other companies
Chairman of Committee:
Navin Fluorine International Ltd - Remuneration Committee
Member of Committees:
Navin Fluorine International Ltd - Audit Committee
:\HWK /WG ² 6KDUHKROGHUV·
|
Investors’ Grievance Committee
Number of shares held in the
Company
43,193
The terms and conditions of the reappointment of the CMD of the Company are set out in the draft Agreement, which is placed
before the meeting. The material terms of the draft Agreement are as under:
1. Mr S S Lalbhai is reappointed as the CMD of the Company to carry out the management functions entrusted to him
E\ WKH %RDUG VXEMHFW WR WKH VXSHULQWHQGHQFH GLUHFWLRQ DQG FRQWURO RI WKH %RDUG &HUWDLQ VSHFLDO SRZHUV UHODWLQJ WR WKH
management are conferred on him and enumerated in the draft Agreement.
7KH SHULRG RI RIÀFH RI WKH &0' ZLOO EH ÀYH \HDUV ZLWK HIIHFW IURP -XO\