cin: l27105tn1985plc011566 crimson metal engineering ... · mr. naresh sharma mrs. r uma members...

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-

CIN: L27105TN1985PLC011566

CRIMSON METAL ENGINEERING COMPANY LIMITED Manufactures & Exporters of E.R.W. STEEL TUBES- PIPES (BLACK & GALVANISED)

(Fonnerty : Srt Saarbatl Stoel Tubea Ltd)


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

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)


NO. 16311, K SONS COMPLEX

II FLOOR, BROADWAY

CHENNAI - 600108

INDIA .

Phone

Fax Website

044-2524393/25240559

044-25221130


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.

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)



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


(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

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

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)


(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.

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 :


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


E-voting NIL

Physical Voting NIL

Out of the above:


(E- Voting) 11


(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


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)


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)


E-voting

Physical Voting

Out of the above:


(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

cin: l27105tn1985plc011566 crimson metal engineering ... · mr. naresh sharma mrs. r uma members...

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