Atul Annual report 2017-18

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Atul Ltd | Annual Report 2017-18
for the time being in force (including any statutory
modification(s) or re-enactment thereof), the consent of
the Company be and is hereby accorded for continuance
of the office of Independent Director by Mr B R Arora
(DIN: 00194168) appointed vide Resolution number 9 on
August 04, 2015 by the Members.”
11. 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
Regulation 17(1A) of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements)
Regulation, 2015 and any other applicable provisions
for the time being in force (including any statutory
modification(s) or re-enactment thereof), the consent of
the Company be and is hereby accorded for continuance
of the office of Non-executive Director by Mr R A Shah
(DIN: 00009851) appointed vide Resolution number 3 on
July 28, 2017 by the Members.”
12. To consider and, if thought fit, to pass, with or without
modifications, the following Resolution as an Ordinary
Resolution:
“RESOLVED THAT pursuant to Article 87(2) of the Articles
of Association of the Company and in accordance with
the provisions of Section 197 of the Companies Act,
2013 and any other applicable provisions for the time
being in force (including any statutory modification(s)
or re-enactment thereof) (the Act), the Non-executive
Directors of the Company be paid remuneration by way
of commission, over and above the sitting fees, up to
1% of the net profit of the Company computed in the
manner laid down in Section 198 of the Act, for each of
5 financial years commencing from April 01, 2018, in a
such proportion and manner as the Board of Directors
may from time to time determine.”
13. To consider and, if thought fit, to pass, with or without
modifications, the following Resolution as an Ordinary
Resolution:
“RESOLVED THAT pursuant to Section 148(3) of the
Companies Act, 2013 and the Companies (Audit and
Auditors) Rules, 2014, the remuneration of ` 2.69 lakhs
plus taxes as applicable and reimbursement of actual
travel and out of pocket expenses for the financial year
ending March 31, 2019 as recommended by the Audit
Committee and approved by the Board of Directors of
the Company, to be paid to R Nanabhoy & Co, Cost
Accountants, (FRN: 000010) for conducting Cost Audit
of the applicable products in the category of Bulk Drugs,
Chemicals, Insecticides, Inorganic Chemicals, Organic
Chemicals and their derivatives and Polymers be and is
hereby ratified and confirmed.”
Notes
01. A Member entitled to attend and vote at the meeting is
entitled to appoint a proxy to attend and vote instead of
himself | herself and the proxy need not be a Member. A
person can act as proxy on behalf of not more than 50
Members and holding in aggregate not more than 10%
of the total share capital of the Company. In order that
the appointment of a proxy is effective, the instrument
appointing the proxy must be received at the registered
office of the Company not later than 48 hours before the
commencement of the meeting, that is, by 10:30 am on
Wednesday, July 25, 2018.
02. Copies of the Balance Sheet, Statement of the Profit and
Loss, the Directors’ Report, the Auditors’ Report and
every other document required by law to be annexed
or attached to the Balance Sheet for the financial year
ended March 31, 2018 are annexed | attached.
03. The Register of Members and the Share Transfer Books
of the Company will remain closed from July 14, 2018 to
July 20, 2018 (both days inclusive).
04. The dividend if approved will be paid to those Members
whose names stand on the Register of Members on July
13, 2018.
The Members holding shares in electronic form may
please note that:
i) Instructions regarding bank details which they wish
to incorporate in future dividend warrants must be
submitted to their Depository Participants (DPs). As
per the regulations of National Securities Depository
Ltd and Central Depository Services (India) Ltd,
the Company is obliged to print on the dividend
warrants, bank details as furnished by these
depositories.
ii) Instructions already given by the Members for shares
held in physical form will not be automatically
applicable to the dividend paid on shares held in
electronic form. Fresh instructions regarding bank
details must be given to the DPs.
iii) Instructions regarding change of address,
nomination and power of attorney must be given
directly to the DPs.
05. Unpaid dividend payable to the Members in respect of
the 23rd dividend onwards, that is, from financial year
ended March 31, 2011, will be transferred to the Investor
Education and Protection Fund (IEPF). Information in
respect of such unclaimed dividends as to when they are
due for transfer to the said fund is given below:
Dividend Financial year
ended
Date of declaration
of dividend
Dividend
payment
Expected date of transfer
of unpaid dividend to IEPF
23rd March 31, 2011 August 04, 2011 45% August 03, 2018
24th March 31, 2012 July 27, 2012 45% July 26, 2019
25th March 31, 2013 July 26, 2013 60% July 25, 2020
26th March 31, 2014 July 25, 2014 75% July 24, 2021
27th March 31, 2015 August 04, 2015 85% August 03, 2022
28th March 31, 2016 July 29, 2016 100% July 28, 2023
29th March 31, 2017 July 28, 2017 100% July 27, 2024
No claim will lie from a Member once the transfer is made to the said Fund. The Members who have not encashed their
dividend warrants are requested to encash the same before the said transfer in their own interest.