AGM NOTICE 2018

NOTICE FOR 21st  ANNUAL GENERAL MEETING

Date: 28.09.2018

Dear Members/Directors/Auditors,                                         

You are cordially inviting you to attend the 21st Annual General Meeting of the members of Adishwar India Limited to be held on Friday the 28thSeptember, 2018 at   10.00 a.m at a Shorter Notice at the Registered Office of the Company at No. 85, 59th Cross, 4th Block Rajajinagar,  Bangalore-560010.

                       

The Notice of the meeting, containing the business to be transacted, is enclosed herewith. 

Thanking You,

For and on behalf of the Board

ADISHWAR INDIA LIMITED

Sd/-GEETHA MANI.J

COMPANY SECRETARY

Place: Bangalore

Date: 22.09.2018

AGM NOTICE

NOTICE is hereby given that the Twenty First Annual General Meeting of the Members of ADISHWARINDIA LIMITED will be held on Friday the 28th September, 2018 at   10.00 a.m. at a shorter notice at the Registered Office of the Company at No. 85, 59th Cross, 4th Block Rajajinagar, Bangalore-560010 to transact the following business:

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Financial Statements for the year ended as at 31st March 2018, and the Reports of Board of Directors' and Auditors' thereon for the purpose, to pass the following resolution will be proposed as an Ordinary Resolution:

“RESOLVED that the Profit and Loss Account for the year ended 31st March 2018, Balance Sheet as at that date together with schedules attached thereto and the Report of Directors and Auditors thereon, as laid before the Members at this meeting be and are hereby approved and adopted”.

  2. To Appoint a Director in place of Mr. Bhurmal Jugraj (DIN: 7883548), who retires by rotation and being eligible, offers herself     for   re-appointment for the purpose, to pass The following resolution will be proposed as an Ordinary Resolution:

 “RESOLVED THAT pursuant to Section 152 of the Companies Act, 2013, Mr. Bhurmal Jugraj (DIN: 7883548), whose period of  office is liable to determination by retirement of directors by rotation and who has offered herself for re-appointment be and is hereby re-appointed as director of the Company”.

3.To Appoint a Director in place of Mr. Vikram Jain (DIN: 06931371), who retires by rotation and being eligible, offers himself for re-appointment for the purpose, to pass The following resolution will be proposed as an Ordinary Resolution:

“RESOLVED THAT pursuant to Section 152 of the Companies Act, 2013,  Mr. Vikram Jain (DIN: 06931371), whose period of office is liable to determination by retirement of directors by rotation and who has offered himself for re-appointment be and is hereby re-appointed as director of the Company”.

                                                                            By Order of the Board of Directors                                                                                  For Adishwar India Limited

Place: Bangalore                                 Sd/- Geetha Mani. J

Date: 22nd September, 2018                Company Secretary

NOTES:

  1. A MEMBER IS ENTITLED TO ATTEND AND VOTE AT THE MEETING, MAY APPOINT A PROXY TO ATTEND AND VOTE ON HIS BEHALF ONLY ON A POLL. SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY. 

  1.   The instrument of proxy form in order to be effective, should be deposited at the Registered Office of the Company, duly completed and signed, not less than 48 hours before the commencement of the meeting.  A proxy Form is enclosed herewith.

  1. At the Annual General Meeting held on 28.09.2017 the shareholders have appointed Akshay Mehta & Co Chartered Accountants  as the Statutory Auditors for a period of Five years i.e to hold office from the conclusion of the Annual General Meeting was held on  28.09.2017 till the conclusion of the Twenty Fifth Annual General meeting of the Company to be held in the year 2022, subject to ratification of their appointment by the members at every annual general meeting and at such remuneration as may be mutually agreed between the Board of Directors and the Auditors from time to time.

The Requirement to place the matter relating to appointment of Auditors for ratification by the members at every annual general meeting is done away with vide notification dated 7th  May, 2018 issued by the Ministry of Corporate affairs, accordingly, no resolution is proposed for ratification of appointment of the Auditors, who were appointed in the Annual General Meeting held on 28.09.2017.

3. The period beginning 24 hours before the time fixed for the

Commencement of the meeting and ending with the conclusion of the Meeting a member would be entitled to inspect the proxies lodged at any time during the business hours of the company, provided that not less than Three days of notice in writing is given to the company.

4. The Statutory Registers under the Companies Act, 2013 is available for Inspection at the registered Office of the Company during business hours Between 10.00 a.m. to 6.00 p.m. except on holidays.

5. Shares of the Company have been admitted for dematerialization with National Securities Depository Limited with effect from 02/04/2008. 

Members of the Company desirous of getting their Shares dematerialized Can approach a depository participant registered with National Depository Services Limited.  The ISIN is INE267J01018

6. Members are requested to bring their attendance slip along with their copy of the Annual Report to the meeting, as copies of the Annual Report will not be distributed at the meeting.  

As per the Secretarial Standard the Additional Information on Directors recommended for appointment/re-appointment:

1. Mr. Bhurmal Jugraj:

Mr. Bhurmal Jugraj- Promoter of the company, he is efficient person in understanding the critical issues which are affecting the company and he can deal with the issues efficiently. 

Mr. Bhurmal Jugraj being a promoter, during the year he has appointed as a non-executive director of the company. He is regular in all Board meetings he shows his interest and willingness to spend time and effort learning about the company and its business, he participates in all board meetings and gives his contribution on the development strategy and risk management of the company.

2. Mr. Vikram Jain:

Mr. Vikram Jain is a director of the company, he has good knowledge in Retail Industry and he is efficient person in understanding the critical issues which are affecting the company and he can deal with the issues efficiently. 

Mr. Vikram Jain being a director, he is a non-executive director of the company. Mr. Vikram Jain (DIN: 06931371) as Director liable to retire by rotation.  He contributes his valuable inputs in all meetings and gives his contribution on the development strategy and risk management of the company.  

By order of the Board

For Adishwar India Limited

Sd/- Geetha Mani. J

Company Secretary

ACS. No. 20248