cin: l27105tn1985plc011566 crimson metal engineering ... · mr. naresh sharma mrs. r uma members...
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CIN: L27105TN1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED Manufactu,., & Ellporte,.. of E.R.W. STEEL TUBES - PIPES (BLACK & GALVANISED)
(Formerty : Sr1 S11rbatJ StMI Tubea Ltd)
Redg. & Head Office :
NO. 163/1, K SONS COMPLEX
II FLOOR, BROADWAY
CHENNAI- 600108
INDIA.
Department of Corporate Services Bombay Stock Exchange Limited PhirozeJeeJeeBhoy Towers Dalal Street Mumbai- 400 001
Phone
Fax
Website
044-2524393/25240559
044-25221130
www.sarbatisteel.com
Da lc:-28lh September 20 18
Sub: Proceedings of 34th Annual General Meeting held on 27th September 2018 pursuant to Regulation 44(3) of SEBI Listing regulations 2015(LODR)
Dear Sir,
We are submitting herewith the proceedings of 34th Annual General Meeting of the Company held on 27th September 2018 together with the voting results and report of the Scrutinizer.
This is for your information and take the same on record.
Thanking you,
Yours faithfully,
For CRIMSON METAL ENGINEERING COMPANY LIMITED
COM~~FFICER ([;~~ .. ~~-:·,~t-End: as above '- . ....,
\~~ I:: ~ ,J·!t.f-
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CIN: L27105TN1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED Manufactures & Exporters of E.R.W. STEEL TUBES- PIPES (BLACK & GALVANISED)
(Fonnerty : Srt Saarbatl Stoel Tubea Ltd)
Redg. & Head Office :
N0.163/1, K SONS COMPLEX
II FLOOR, BROADWAY
Phone
Fax Website
044-2524393/25240559
044-25221130
www.sarbatlsteel.com
C t-iENNAI - 600 1 08
IN ~OCEEDINGS OF THE 34th AN UAL GENERAL MEET! G OF CRIMSON METAL ENG I COMPA Y LIMITED HELD ON 27th SEPTEMBER 2018 AT ANDllRA CHAMB eR OF CO \'ELAGAPUDI RAMAKRISHNA BUILDI G, 23, THIRD CROSS STREET, WEST C. I.T l\'ANDHANAM, CHENNAI- 600 035 AT 10.30 AM.
DIRECTORS PRESENT ON DIAS :
Mr. Chandrakesh Pal Mr. Naresh Sharma Mrs. R Uma
MEMBERS PRESENT IN PERSON: 16
CHAIRMAN
EERJ G IM cRCl·
A GAlt,
Proposed by Mr. S Chockalingam and seconded by Mr. K Balaraman, Mr aresh Sharma was elected as the Chairman for the 34th Annual General Meeting and he then occupied the chair.
The Chairperson welcomed the members at the 34th Annual General Meeting of the Company and introduced the directors present on the dais and also informed that the Chairman of the Audit Committee was present at the meeting.
The Chairperson informed that Mr. Vinay Kumar Goyal, Mr. K.C. Batra Directors could not attend the meeting.
The Chairperson informed that the Statutory and Secretarial Auditor were exempted from attending this Annual General Meeting.
The Chairperson then cuu1ounced that as the required quorum being present, the meeting was in order. He also atmounced that the registers as per the statutory requirements were kept open for inspection by the members.
The Chairperson then announced that the notice convening the meeting having already been circulated may be taken as read with the consent of the shareholders present.
The Chairperson, then informed the members presen t that since there is no qualification in auditor' report given by auditor under section 145 the same shall be h·eated as read, with the permission of the members present.
The Chairperson, then in.formed the members that as required under Section 108 of the
Companies Act, 2013, Secretarial Standards and the Listing Agreement, the Company
extended e-voting facility throu gh Central Depository Services (India) Limited (CDSL) to the Members of the Company (who were holding shares as on cut-off date 20th September,
2018) in respect of the businesses to be transacted at the Annual General Meeting. Thee-
Worl
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CIN: L271 05TN 1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED Manufllc:turea & Exporters of E.R.W. STEEL TUBES- PIPES {BLACK & GALVANISED)
(Formerty : 8rt s .. rbatl StHI Tubea Ltd)
Redg. & Head Office :
NO. 16311, K SONS COMPLEX
II FLOOR, BROADWAY
CHENNAI - 600108
INDIA .
Phone
Fax Website
044-2524393/25240559
044-25221130
www.sarbatisteel.com
voting period commenced at 9:00A.M. on Monday, 24th September, 2018 and ended at 5:00 P.M. on Wednesday, 26th September, 2018. M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries h as been appointed as the Scrutinizer for the physical bal lot
and e-voting process.
The Chairperson then invited the question and comments on working of the company and
the Chairperson then answered all the questions raised by the members.
Thereafter, as per Sections 108 of the Companies Act, 2013, the chairman requested the
members who have n ot casted their votes through remote e voting facility to cast their
votes through poll at the venue.
The Chairman thanked the members for their participation and reques ted Mrs. Lakshnuni
Subramanian, Scrutinizer to commence the e- voting I poll process and requested her to submit the report as early as possible.
The Chairman announced that the result of e-voting/ poll of the AGM as per the business agenda laid before the meeting, shall be declared within 48 hours from the conclusion of this
mee ting
VOTE OF THANKS:
There being n o other matter, the meeting concluded with a vote of thanks to the chair at 10.55 A.M.
The results as declared and initialed by the Chairman as under:
Works: Sedarapet Industrial Estate, Mailam Road, Sedarapet, Puducheny - 605 111
Fax(91)413-2677346, 2678366.
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CIN: L271 05TN 1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED Manufactures & Exportert of E.R.W. STEEL TUBES -PIPES {BLACK & GALVANISED)
{Fonnerty : Srt Saarbatl Steel Tubes ltd)
Redg. & Head Office :
N0.163/1, K SONS COMPLEX
II FLOOR, BROADWAY
CHENNAI- 600 108
Phone
Fax
Website
044-2524393/25:240559
044-25221130
www.sarbatisteel .com
11\1 DIA.
1. Consideration and Adoption of Aud ited Balance Sheet as at 3l 51March, 2016 and the Profit and Loss Account for the year ended on that date together with the reports of the Board of Directors and the Auditors thereon.
Nature of resolution: Ordinary Resolution
Voting requirement: Simple majority
Number of Representative Particulars
Members Number of Shares
1otal nu mber of E-Voting options received (E-Voting) 11 3141889
Total Number of Ballot Papers Received (Physical 120
Yo tin g) 2
Abstain ed/Less Voted/ Invalid Votes:
E-voting NIL NIL
Physical Voting NIL NIL
Out of th e above:
Number of valid votes cast in favour of the Resolution
(E- Voting) 11 3141889
Number of valid votes cast in favour of the Resolution
(Physical Voting) 2 120
1\J'umber of valid votes cast in against the Resolution NIL
(Both under E-voting and Physical Voting) NIL
Percen tage to the total valid votes received in favour of
the resolution (Both under E-voting and Physical 100 Voting)
Result: The above resolution requiring requisite majority for passing as an Ord in ary Resolution was received.
~ Works : Sedarapet Industrial Estate, Mailam Road, Sedarapet, Puducherry - 605 111
Fax (91 ) 413-2677346, 2678366.
I
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CIN: L27105TN1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED Manufactur .. & Exporters of E.R.W. STEEL TUBES- PIPES (BLACK & GALVANISED)
(Formerly : Sri Saarbatl Stool Tubes Ltd)
Redg. & Head Office : Phone
Fax
Website
044-2524393/25240559
044-25221130
WWtN.sarbatlsteel.com NO. 163/1, K SONS COMPLEX
II FLOOR, BROADWAY
CHENNAI- 600 108
INDIA.
I
2. Re-appointment of Mr. Chandprakcsh Pal (DIN: 07277936) who retires by rotation a
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CIN: L27105TN1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED Manufac;turea & Exporttra of E.R.W. STEEL TUBES- PIPES (BLACK & GALVANISED)
(Fonntr1y : Sr1 s .. rbatl Stoel Tubta Ltd)
R.edg. & Head Offlce :
NO. 163/1, K SONS COMPLEX
II FLOOR, BROADWAY
CHENNAI- 600 108
INDIA.
SPECIAL BUSINESS:
Phone
Fax Website
044-2524393/25240559
044-25221130
www.sarbatisteel. com
3. REAPPOINTMENT OF SIIRI. KRISIIAN CHAND BATRA (HOLDING DIN 00906402) AS AN INDEPENDENT DIRECTOR FOR A FURTHER TERM OF FIV E YEARS.
Nature of resolution: Special Resolution
Voting requirement: Three fourth majority
Number of Representative
Particulars Number of Members
Shares
Total number of E-Vo ting options received (E-Voting) 11 3141889
Total Number of Ballot Papers Received (Physical Voting) 2
120
Abstained/Less Voted/ Invalid Votes:
E-voting NIL NIL
Physical Voting NIL NIL
Ou t of the above:
Number of valid votes cast in favour of the Resolution (E-11 3141889
Voting)
Number of valid votes cast in favour of the Resolution
(Physicai Voting) 2 120
Number of valid votes cast in against the Resolution (Both IL
under E-voting and Physical Voting) NIL
Percentage to the total valid votes received in favour of 100
the resolution (Both under E-voting and Physical Voting)
Result: The above resolution requiring requisite majority for passing as a Special Resolution w as received. (J2
Works: Sedarapet Industrial Estate, Mailam Road, Sedarapet, Puducherry- 605 111 Fax (91) 413-2677346, 2678366.
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CIN: L271 05TN1985PLC011586
CRIMSON METAL ENGINEERING COMPANY LIMITED Manufactures & Exporters of E.RW. STEEL TUBES- PIPES (BLACK & GALVANISED)
(Formerty : Srt SaarbatJ StMITubea Ltd)
Re~. & Head Office :
N0.163/1, K SONS COMPLEX
II FLOOR, BROADWAY
CHENNAI- 600108
INDIA .
SPECIAL BUSINESS:
Phone Fax
Website
4. Ratification Of Payment Of Remuneration To Managing Director
Nature of resolution: Special Resolution Voting requirement: Three fourth majority
Number of Particulars
Members
Total number of £-Voting options received (£-Voting) 11
Total Number of Ballot Papers Received (Physical
Voting) 2
Abstained/Less Voted/ Invalid Votes:
E-voting NIL
Physical Voting NIL
Out of the above:
Number of valid votes cast in favour of the Resolution
(E- Voting) 11
Number of valid votes cast in favour of the Resolution
(Physical Voting) 2
Number of valid votes cast in against the Resolution
(Both under E-voting and Physical Voting) NIL
Percentage to the total valid votes received in favour of the resolution (Both under E-voting and Physical Voting)
044-2524393/25240559
044-25221130
www.sarbatisteel.com
Representative
Number of Shares
31-!1889
120
NIL
NIL
3141889
120
NIL
100
Result: The above resolution requiring requisite majority for passing as a Spec1al Resolution was received.
~ Works: Sedarapet Industrial Estate, Mailam Road, Sedarapet, Puducherry - 605 111
Fax(91)413-2677346,2678366.
-
CIN: L2710e5TN1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED Manuflctu,..t & Exportera of E.R.W. STEEL TUBES ·PIPES (BLACK & GALVANISED)
(Fonnerly : Sri Saarbatl Ste.l TUb .. Ltd)
Redg. & Head Office :
N(). 163/1 , K SONS COMPLEX
II FLOOR. BROADWAY
CHENNAI - 600 108
INDIA.
Phone Fax Website
5. Lease Of Company's Immovable Property T o Related Party.
Nature of resolution: Special Resolution
Voting requirement: Three fourth majori ty
Particulars
Total number of E-Voting options received (E-Voting)
Total Number of Ballot Papers Received (Physical
Voting)
Abstained/Less Voted/ Invalid Votes:
E-voting
Physical Voting
Out of the above:
Number of valid votes cast in favour of the Resolution
(E- Voting)
Nu mber of valid votes cast in favour of the Resolution (Physical Voting)
Number of valid votes cast in against the Resolution
(Both under E-vo ti.ng and Physical Voting)
Percentage to the total valid votes received in favour of
the resolu tion (Both under E-voting and Physical Votin g)
Number of Members
1
2
IL
NIL
1
2
NIL
044-2524393/252 40559
044-25221130
www.sarbatisteel. com
Representative Number of Shares
**1393657
120
N IL
NIL
**1393657
120
NIL
100
Result: The above resolution requiring requisite majority for pass ing as a Sp ecial
Resolution was received. n n ~ Works : Sedarapet Industrial Estate, Mailam Road, Sedarapet, Pud~-~111
Fax(91)413-2677346, 2678366.
-
CIN: L27105TN1985PLC011566
CRIMSON METAL ENGINEERING COMPANY LIMITED M•nut.cturn & Exporters of E.R.W. STEEL TUBES- PIPES (BlACK & GALVANISEO)
(Fonnorty : Srt s .. rt:..tJ Steel Tubes ltd)
Redg. & Head Office : Phone Fax Website
044-2524393/25240559
044-25221130
www.sarbatlsteel. com N
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