G R Cables Ltd
Chairman Speech
Notice is hereby given that the 24th Annual General Meeting of G.R.Cables Limited will
be held on Wednesday
September 30, 2015 at 11.00 a.m. at Navodaya Colony Welfare association Hall, Navodaya
Colony, Gudimalkapur, Mehidipatnam, Hyderebad-500 028, to transact the following business:
ORDINARY BUSINESS
1 The receive, consider and adopt the Profit & Loss Account for the year ended
March 31, 2015 and Balance Sheet as on that date together with Cash Flow Statement and the
Reports of the Directors and the Auditors thereon.
2. To appoint a Director in the place of Mr. G.V.B.R.Reddy (DIN: 01498279), who retires
by rotation being eligible offers himself for re-appointment.
3. To consider and if thought fit, to pass with or without modification(s), the
following resolution as an Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of Section 139 and other applicable
provisions, if any, of the Companies Act, 2013 and the rules framed thereunder, as amended
from time to time, M/s. Srinivas P & Associates, Chartered Accountants (Firm Reg. No.
006987S) be and are hereby appointed as Statutory Auditors of the Company to hold office
from the conclusion of this Annual General Meeting (AGM) up to the conclusion of 27th AGM
of the Company to be held in the calendar year 2018 (subject to ratification of their
appointment at every AGM) on such remuneration (including fees for certification) and
reimbursement of out of pocket expenses for the purpose of audit as may be fixed by the
Board of Directors of the Company, on the recommendation of the Audit Committee."
SPECIAL BUSINESS
4. To consider and if thought fit, to pass the following Resolution with or without
modification(s), the following resolution as Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of Sec 196, 197, 198, 203 and other
applicable provisions of the Companies Act, 2013 read with Schedule V thereof as amended
up to date the consent of the Company be and is hereby accorded for appointment of Mr.
G.V.B.R.Reddy (DIN: 01498279), as Whole-time Director of the Company, for a period of five
years with effect from August 14, 2015 without any remuneration as earlier and with the
following perquisites.
i. Provision for use of chauffeur Driven Car
ii Company shall provide Telephone or reimburse telephone expense at residence for
local and long distance official calls.
FURTHER RESOLVED THAT the Board be and is hereby authorized to do all the acts and take
all such steps as may be necessary, proper or expedient to give effect to this
Resolution."
5. To consider and if thought fit, to pass the following Resolution with or without
modification(s), the following resolution as Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of section 149, 152 and any other
applicable provisions of the Companies Act, 2013 and the rules made there under
(including any statutory modifications or reenactments thereof for the time being in
force) read with Schedule IV to the Companies Act, 2013, Dr. S.R.Govinda Rajan (DIN:
00826169) Director of the Company who has submitted a declaration that he meets the
criteria for independence as provided in Section 149(6) of the Act in respect of whom the
Company has received a notice in writing from a member proposing his candidature for the
office of director, be and is hereby appointed as an independent director of the Company
to hold office for five consecutive years for a term up to 2020 from the date of this
meeting."
6. To consider and if thought fit, to pass the following Resolution with or without
modification(s), the following resolution as Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of section 149, 152 and any other
applicable provisions of the Companies Act, 2013 and the rules made there under (including
any statutory modifications or reenactments thereof for the time being in force) read with
Schedule IV to the Companies Act, 2013, Mr. P.Ramesh Babu (DIN: 01525868) Director of the
company who has submitted a declaration that he meets the criteria for independence as
provided in Section 149(6) of the Act in respect of whom the Company has received a notice
in writing from a member proposing his candidature for the office of director, be and is
hereby appointed as an independent director of the Company to hold office for five
consecutive years for a term up to 2020 from the date of this meeting."
7. To consider and, if thought fit, to pass with or without modification(s) the
following resolution as an Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of section 149, 152 and any other
applicable provisions of the Companies Act, 2013 and the rules made there under (including
any statutory modifications or reenactments thereof for the time being in force) read with
Schedule IV to the Companies Act, 2013, Mr. A.Ranganayakulu (DIN: 03436445), who was
appointed as an Additional Director pursuant to the provisions of Section 161(1) of the
Companies Act, 2013 and the Articles of Association of the Company and who holds office up
to the date of this Annual General Meeting and in respect of whom the Company has received
a notice in writing under Section 160 of the Companies Act, 2013 from a member proposing
her candidature for the office of Director, be and is hereby appointed as an Independent
Director of the Company to hold office for 5 (Five) consecutive years for a term up to
2020 from the date of this meeting."
|
By Order of Board of Directors |
|
For G.R. Cables Limited |
| Place : Hyderabad |
G.R. Reddy |
| Date : 14.08.2015 |
Managing Director |
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