WEBVTT
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Okay, good morning,
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ladies and gentlemen,
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I am [inaudible] of the company and
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the company we have with us, our
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company. I extend a warm welcome to
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now. [inaudible]
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[inaudible] gentlemen.
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Good morning to all of you. I welcome all of you to this meeting.
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My name is [inaudible]. I'm the manager of the company,
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please [inaudible] meeting.
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I hope everyone is safe, healthy,
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and maintaining social distancing as per the guidelines by the government.
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The meeting is held through video conference in accordance with discipline
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issued by the ministry of corporate affairs savvy.
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The company has made all critical efforts on the current circumstances to enable
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the members to participate with [inaudible]
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[inaudible]
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[inaudible] present
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and psychologist meeting.
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Before we start the main positing of meeting,
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I request the directors attending the meeting to video conference to introduce
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themselves, mr. Vienna,
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mr. [inaudible], independent of the company,
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and he's already attending the meeting.
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He says,
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mr.
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[inaudible] director
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and he's attending the meeting. It
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definitely is not
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a
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yes.
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From the bottom of the office. Depot is present here,
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big public company.
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It was his [inaudible]
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and mr. [inaudible], mr. Or, um,
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he's after the meeting with the auditor of the
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bombs and associates,
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[inaudible]
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the
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[inaudible] [inaudible] the company he's after
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the companies,
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mr. [inaudible] is our
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company. Secretary mr.
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Party to provide general instructions to the members regarding the meeting.
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Thank you, sir.
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Dear Sarah olders. Good morning.
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I [inaudible] welcome all the members to this tatted general meeting of the
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company, which is being held through video conferencing.
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All of you are safe and in good health,
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and we see you all to stay that way due to lockdown and social distancing,
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consequent to prevailing COVID-19 pandemic.
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We are the past tense holding this AML, the limiting true videoconference.
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I would like to take you through certain points regarding participants in this
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meeting facility called dining.
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This meeting through video conference or other audio vigilance is made available
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party members on a past come past up.
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This is all members who have joined this meeting are by DePaul placed on mute
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more by the moderator to Albert and his struggles and aging from background
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noise and NCO smooth and seamless conduct of the meeting
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to the Providence of the companies that 2013 at eight with the MCA [inaudible]
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the company has provided the facility to its members to exercise their right to
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vote by electronic means in respect of the businesses to be transacted at this
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meeting. [inaudible]
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on Tuesday, past September, 2000
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on
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e-voting comments on 26,
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September, 2022, 28,
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September, 2012, team
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members who have not cast their vote by remote e-voting prior to the meeting and
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who are participating in this meeting may cast their votes.
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During this meeting through e-voting system provided by CDSA
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members are requested to log in through the voting website of say,
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DSL and cast their vote. While at the same time,
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whilst the proceedings of the meeting is the AGM is being held through video
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contents are other audio visual means [inaudible] when sound in the notice
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convening this AGM cell already been put to or through remote April,
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there will be no proper DJing and seconding update [inaudible]
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members are requested to report to the instruction provided in the notice
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[inaudible] and promoting during the meeting in case members pass any
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difficulty, they may reach out to the helpline Lamar smells and in the notice,
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thank you, mr. [inaudible].
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I would like to present the financial performance of the company during 2019 and
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20.
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The COVID-19 when Adamic as called homework across the global India,
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rising, according to [inaudible],
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the current economic crisis due to COVID-19 has affected the whole person and
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they could return for company [inaudible].
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China was affected
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very badly resulting reduction in sales and the accumulation of [inaudible] for
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want of important moral pers this to some quote,
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resulting heavy penalty due to delay supply.
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We're going to show you when it also is suffering heavily due to lack of orders,
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which are not, uh,
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Get analyzed by electricity, utility companies and others,
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the private [inaudible]
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repair themselves for the installers [inaudible] private orders are also not
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picked up.
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[inaudible] support heavily due to cyclone penny during May, 2019,
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all these problems have affected the operation of the company. During 1920,
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during the year,
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the revenue was reduced to 33.3 goes from 65.1 for coal.
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And the previous year,
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according to the laws during the financial years, 2000,
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right in 20 was increased to seven 62.79 racks from one 41.16 legs.
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A previous year,
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the company redo the expenses wherever possible,
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the back CC limit of the [inaudible] from typos to four groups.
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You need to look at it in plot. Number two,
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you own the page one [inaudible] the land and building of saving.
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Please expect to dispose of softly,
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necessarily permission from [inaudible] has been received.
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[inaudible] could not be completed due to COVID-19 and quotes remaining closed
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officer's winning project. The company appreciates the current year.
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[inaudible] due to prevailing by Meramec.
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We have already wasted six months in this current year. [inaudible]
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electricity is in
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the procurement, almost 30,
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40% of our usual
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parties as such
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getting order in Gaza has also become difficult.
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Notice of meeting meeting is already so clear to all members.
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I will read permission a member take the notice
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are these [inaudible] of the meeting covers 7,000 items.
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When Sunday, the AGM notice dated June 20,
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we voting for these religions already conducted from 26,
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September 29 to 28,
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September 20 5:00 PM.
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Those who have not voted voting
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[inaudible] she did lay down in the meeting.
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I could quit the company so I could do we go the [inaudible] in Polish.
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Thank you, sir. Posture is realism,
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ordinary resolution
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resolved that the auditor stand alone pennants are statements of the company for
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dependency earlier.
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And it had the first March to 10 30 together with the reports of the board of
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directors and auditors there on B and R hereby adopted digital son.
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Number two
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result that may start the [inaudible] the director of the company who returns
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notice on at vomiting and it's eligible.
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[inaudible] be an easier buy reappointed as the director of the company.
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There is a loss on number three,
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the job that mr [inaudible] and director of the company who retires by rotation
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at the meeting and is eligible for reappointment and easier by the appointed
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adjunct that interrupt the company
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[inaudible] [inaudible] and other applicable provisions of the company's act to
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title tatting and the company's audit and auditor's rules.
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So then Putin and porcelain to the recommended sun mayor by the audit committee
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and the board ms. Pumps and associates, et cetera, accountants.
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But when I started having registers on number three,
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one six zero seven nine E B,
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an art by appointed as the statutory auditor of the company,
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[inaudible] 38 alone,
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the limiting till conclusion of the [inaudible] meeting of the company with
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[inaudible] to like 85,000,
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it's all for that. All the directors and the company,
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secretary of the company,
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B hereby authorized jointly or separately to do all the apps and deemed deers as
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Navy necessary to give respect to the airport, which also
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we do some number pipe return that person to section one 96,
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one 97,
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two zero three [inaudible] and other applicable provisions of the company that
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put on tag-team including any statutory modifications or the enactment thereof
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for the time being in imposed.
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And the companies are apartment [inaudible],
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personal [inaudible] and author Africa rules approval of this era owners of the
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company.
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We and R here by accurate are containers of existing cross unwell [inaudible],
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but [inaudible], and other allows us to mr.
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[inaudible] managing data is [inaudible] mr [inaudible] and mr.
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Up the rest that's whole 10 directors of the company for a period of two years
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with APEC from past day of April, 2022 at the first March, 2020 22,
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as part of our details given here on the [inaudible] [inaudible] [inaudible]
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[inaudible] [inaudible] the [inaudible] salary eight lacks for credential says
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80,000. There was just us eight Lac per project,
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and allows us 80,000
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deeper projects and allowances as a per state salary include medical
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reimbursement and our premium, our medical insurance accommodates or punished,
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or other ways, or house rent allowances in lieu thereof, house maintenance,
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allowance together with reimbursement of expenses and our allowances for place
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gas, electricity, water furnishing, and repairs,
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and live concerts on per self and family, including dependence.
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That's it perquisites and allowances I'll be evaluated wherever applicable as
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for the Providence of the income tax act, 1,961.
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Are there any rules that are under or any statutory modification or reenactment
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thereof in the absence of any sorts of rules for cadets and allowances?
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So I'll be evaluated at actual cost.
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The companies contributes [inaudible] of salary respectively towards [inaudible]
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to the extent these single, uh,
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together I'm not taxable on the income tax law,
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they're accurately payable and [inaudible] as what the rules of the company
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start a lot.
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We included for the [inaudible] [inaudible] [inaudible]
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[inaudible] at 3% of lead profit managing director.
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And at the rate of 1.5% of lead per page for whole 10 directors for each
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financial year or past,
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they're all competent in the manner as best carry under six,
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one 97 and two zero three,
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and other applicable provisions of the company's act 2013 red with Seadrill pipe
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two,
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those that act as maybe as the main or the ending post reimbursement of
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expenses,
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expenses in [inaudible] and lodging during business trips and provisions of cars
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with driver or use on the company's business and telephone and mobile pole
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expenses at residents and appease salvage reimbursed at actual and not
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[inaudible]
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digital is on number six, resolve that cost onto the provisions of XXL,
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one 49 on 51 50,
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two red with [inaudible] and all other applicable provisions of the company that
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are totally tatting along with the rules made their under including [inaudible]
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[inaudible].
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And based on the recommendations of the [inaudible] and some committee and
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approval of the board of directors of the company, mr.
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Victor de El is here by reappointed as an independent of the company for a
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period of two years, with the tech from past August, 2020,
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it's all called out that all the directors of the company,
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secretary of the company,
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be on our ear by authorized jointly or severally due to all the apps and deers
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as an area necessary to give it back to her about it, a looser
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loosen,
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number seven [inaudible] and all other applicable pillars of the company that
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[inaudible] red with companies audit and auditor's will 2014,
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the cost auditors, ms.
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[inaudible]
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appointed by the board of directors of the company to conduct the audit of the
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cost cost records of the company for dependence area 2020 21 at [inaudible]
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rupees started 5,000 plus GST as applicable B and each year, right?
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That dependent
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as part of the stipulation provided in the notice,
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no center as rigid,
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registered themselves as speaker to ask questions or reject their views on
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working of the company. However,
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those who have not voted earlier through remote e-voting,
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they can vote electronically as per the procedure laid down in the meeting.
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Members may note that the boating on the or platform will continue to be
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available for the next 15 minutes.
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Therefore members who have not cashed their boat yet are requested to do so,
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the board of directors has appointed ms. [inaudible] practicing company,
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secretary at the school teenager to supervise the voting process
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[inaudible] during AGN will be placed on the website,
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the company,
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which will also submit it to the stock exchanges as per 11 versions of the
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company's act and the listing regulations.
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The meeting is concluded with both of thanks to the gentleman said,
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I express my gratitude to all the members or their corporate son.
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Thank you. Specify.