At this 41st annual general meeting of panic, commercial company limited, which is being conducted through video conferencing.
Today and the proceedings of the AGM shall be deemed to be convened at the registered office of the company at the 1st floor express building, 19 daily. We shall be the deemed value of the.
Now is the time 1015 a M,
and before we start the proceedings of the meeting,
I would like to welcome and introduce your board of directors and CFO of the company that comprises of very qualified and experience professionals are and are present through video conferencing.
So, I think she is with us, who is a charter accountant and a fellow member of the issue of chartered accountants of India, having 7 years of experience in taxation and auditing.
She's a non executive director, and also member of audit committee.
Nomination and enumeration committee and stakeholder relationship committee.
Cfo of the company Mister. Sanjay coma is also present.
He is a qualified chartered accountant, having more than 16 years of experience in the area of finance account, audit and taxation.
I would also like to inform that the secretary auditor Mister partner of Messrs gain good cookie and company and Mr.
Authorize representative of associate scrutinize are appointed for the purpose E voting is also available with us through video conferencing.
Now, I would like to request all directors present to elect along themselves. The chairman for this meeting.
You are not audible.
Good morning everyone I'm so official restaurant and I am participating in this.
From, and I would like to propose the name of miss monitors that off to chair this.
And with this, I now hand over the proceedings to miss.
Thank you, thank you, sir and I would also like to confirm that the requisite column is present in the meeting and I declare the meeting to open.
I would like to appreciate participation of all members of the company who has joined with us today in this difficult time of covert crisis.
I hope you all are staying safe and healthy through this pandemic.
This 41st, the annual general meeting of the company is being conducted through video conferencing, due to the outbreak of 19.
the company has made all efforts to enable the smooth participation and voting by the shareholders of the company in compliance with the circulars issued by Ministry of corporate affairs and the Securities and exchange mode of India.
Due to personal urgency Mr. of the director of the company and Mr.
company secretary are not able to attend this or other directors and CFO of the company is are participating in the meeting as introduced earlier.
Your company continues to be non banking financial company, the company continued with its policy of investing in low risk financial instruments. The company has earned net profit of a piece. 286.908 lags during the air 2021.
The company has generated major income this year, due to the decision to turn the portfolio of low yield investments in anticipation of higher returns in the future.
Your company will continue to make rational investments, constrained the economic situation of the country by keeping and adhering to the high standards of corporate governance.
Now, I would like to inform the shareholders, the manner of participation and voting at the AGM and shareholders are requested to note that this of the company is being conducted through video conferencing.
In compliance with the provisions, listing regulations and companies like 2013, the company has provided remote avoiding facility to all its members to enable them to cast the award on the matters listed in the notice by electronic means.
The company has engaged the services of the cdsl to provide the remote voting facility.
The remote period was commenced on September 27 2021 at 90 am and ends on September 29th 2021 at 5. 0. P. M.
And the remote voting module was disabled by cdsl for voting there after.
The shareholders holding shares on the cut off date that is September 23rd. 2021 has voted on the resolution through remote.
The company is also providing facility of remote voting during the AGM, and only those shareholders who have not casted their vote on the resolution through remote voting and are otherwise not barred from doing.
So shall be eligible to work through E, voting system during the.
Shareholders will take note that voting during has been activated from the commencement of this meeting. That is 1015. am.
And will end 15 minutes after conclusion of AGM also please note that the proceeding for voting on the day of the AGM is same as the instruct.
Instructions mentioned for all remote voting and explained in notice.
Shareholders should take note that they are placed on mute mode by default, but to avoid any disturbance and to facilitate smooth conduct of the meeting. The company has also provided for speaker shareholder.
Shareholders who have not registered themselves as speaker shareholder may ask their queries through chat box.
Option during ATM, and the same will be answered by the company within 7 days from the date of AGM through email, add the registered email address of the shareholder.
The company is appointed Mr. sherma proprietor of Messrs and associates as the scrutinize, uh, to scrutinize the voting process in a field and transparent manner.
The result of the voting will be announced within 48 hours after the conclusion of the meeting on the company's website.
Website of cdsl, and will be communicated to the stock exchange.
The recorded transcript of the meeting shall, as soon as possible be made available on the website of the company.
The notice convening the meeting, the director's report and the audited annual accounts of the company have been with you and with your permission I take them as it.
The members may also please note that there has been no qualification observations or comments on financial transactions,
or matters given by the secretary auditors in their report,
which have any adverse effect on the functioning of the company.
That's in terms of section. 145 of the company's at 2013. the auditors report is not required to be read.
We have following items on the notice, the matters to be concerned considered by the members at the meeting, as mentioned in the notice, have already been approved by the board at its meeting held on June 292,021.
I would like to mention the agenda items.
Ordinary business item number 1.
Adoption of the audited financial statements, including the consolidated financial statements of the company for the financial year end in March 31st 2021 together with the report of the board of directors and auditors they are on.
Item number 2 appointment of a director in place of miss who retires by rotation and being eligible offers herself for re appointment.
Special business item number 3 appointment. Mr. suneil saying as manager of the company for a period of 3 year effective from April 282,021.
As resolutions and details of the, about set agenda items are already being mentioned in the notice and explanatory statements that they are not repeated here with.
There is no other agenda item to discuss. I would like to thank all the directors and shareholders of the company for the participation in the meeting.
I would like to conclude this meeting. Thank all the shareholders for attending the meeting.
Thank you.