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Invester Relations |
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5. Shareholders'/ Investors' Grievance Committee |
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This Committee comprises of Sh. B.B. Singal, Sh. Neeraj Singal, Sh. A.K. Khushu and Sh. P.K. Aggarwal, Directors. This Committee has been constituted for Investors Grievances, suggest and monitors measures to improve investors satisfaction. Sh. B.B. Singal is the Chairman of the Committee |
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The board has designated Mr. O.P. Davra as the Compliance Officer. |
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The total number of complaints received and replied to the satisfaction of Shareholders during the year under review were 37. All the complaints were disposed off and there were no complaints pending as on March 31, 2006. |
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4. Remuneration Committee |
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This Committee has been constituted for fixation of Remuneration of Executive Directors of the Company. The Committee review Company’s Policy on specific remuneration package for the executive Directors including pension, rights, any compensation and approves the managerial remuneration as per the policy |
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General Body Meetings |
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Location And Time For The Last Three (03) Annual General Meetings (AGMs) |
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| Year |
Location |
Date |
Time |
| 2002-2003 |
Airforce Auditorium Subroto Park, New Delhi - 110 010 |
11-09-2003 |
10.00 AM |
| 2003-2004 |
Airforce Auditorium Subroto Park, New Delhi - 110 010 |
16-09-2004 |
10.00 AM |
2004-2005
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Airforce Auditorium Subroto Park, New Delhi - 110 010 |
14-09-2005 |
10.00 AM |
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During the year ended 31st March 2006, a special resolution has been passed by the Company’s shareholders through postal ballots and result of postal ballot was declared by the Chairman on 13.12.2005. The Company has complied with the provisions of Section 192A(2) of the Companies Act, 1956, read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 while passing the Special Resolution through postal ballots. |
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Detail of Voting Pattern |
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| Number of valid postal ballot forms received. |
466 forms for 29463582 votes. |
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| Votes in favour of the Resolution. |
29463067 |
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| %age of Votes cast in favour of the Resolution |
99.99% |
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| Votes cast against the Resolution |
515 |
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| %age of Votes cast against of the Resolution |
0.001% |
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Mr. R.S. Bhatia, a practicing Company Secretary appointed by the Board of Directors of the Company as the scrutinizer for conducting the Postal Ballot. |
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Further Notice of postal ballot pursuant to Section 192A(2) of the Companies Act, 1956, is being sent to the members for the purpose of altering the object clause of the Memorandum of Association, change of name of the Company and appointment of Smt. Archana Khushu as an Executive of the Company proposed to be passed as Special Resolutions. |
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7 (a) Disclosures on materially significant related party transactions i.e. transactions of the Company of material nature, with its promoters, the Directors or the Management, their subsidiaries or relatives etc. that may have potential conflict with the interest of Company at large. |
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There were no materially significant transactions with related parties which were in conflict with the interests of the Company. |
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7 (b) Detail of non-compliance by the Company, penalties, strictures imposed on the company by Stock Exchange or SEBI or any Statutory Authority, on any matter related to capital markets, during the last three years. |
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Adoption Of Non-Mandatory Requirements |
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The Registered Office of the Company has a Chairman Office for Sh. B.B. Singal, non executive Chairman of the Company. |
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Besides mandatory requirements your Company has voluntarily constituted a Remuneration Committee to consider and recommend the remuneration of Executive / Non Executive Directors. The Company also endeavors to fully comply with all other non-mandatory requirements of Clause 49 as well.
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Means Of Communication |
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The Company publishes un-audited Quarterly financial results and audited annual financial results normally in “Economic Times”, “Business Standard” (English) and “Nav Bharat Times” (Hindi) Newspapers. The results are promptly furnished to the Stock Exchanges for display on their respective websites. |
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Both “Management Discussion & Analysis” and “Shareholders Information” form part of the Annual Report. |
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