Before taking up formal agenda of the meeting for consideration of the members, the Chairman shared the performance of the Company for the financial year 2018-19 with the members. In his speech, the Chairman summarized the overall performance of the Company nd also drew a profile of the future outlook of the Company. He informed the members that this is the first AGM post listing of shares of the Company at BSE and NSE on 29th March, 2019.
He further informed the members that that pursuant to the provisions of Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended till date and Regulation 44 of the SEBI (Listing Obligations & Disclosures Requirement) Regulations, 2015, the Company had provided the facility of e-voting on all the resolutions as set out of the Annual General Meeting. E-voting commenced on 21st September, 2019 (9.00 a.m.) and ended on 24th September, 2019 (5.00 p.m.). Mr. Saumayo Jyoti Seal (CP No.11169), Practicing Company Secretaries has been appointed as scrutinizer by the Board of Directors to carry out the e-voting in transparent and fair manner.
He further informed the members that with a view to provide an opportunity to those shareholders who could not avail the above e-voting facility to vote, e-tab based voting facilities have been provided at the meeting venue. He requested the members that those members who have not cast their vote electronically may cast their vote at the designated counter of NSDL.
He informed the members that the combined result of e-voting and poll will be declared within 48 hours from the conclusion of the meeting at the Registered Office of the Company. He further informed that the combined result will be put on the Company’s website and on the website of NSDL.
He concluded his speech by placing on record his sincere gratitude to the Hon’ble Union Minister of Steel, Hon’ble Minister of State for Steel, Secretary (Steel), Additional Secretary and FA (Steel), and other officials of the Ministry of Steel, Defence Ministry, Coal Ministry, Mining Ministry, Civil & Aviation, Petroleum Oil & Natural Gas Ministry and various other Central Government Ministries, all State Governments, various Central and State Public Sector Undertakings, private companies, the bankers, our principals and others for their valuable assistance and guidance extended to the Company during the year. He also expressed his gratitude to the Directors, all stakeholders, customers and suppliers for the trust and confidence reposed by them on the Company year after year.
The Chairman gave opportunity to the Members to ask questions or seek clarifications on the Agenda items. Thereafter, the Chairman responded to the queries raised/clarifications sought by the Members.
The following items of business, as per the Notice of AGM dated 17th July, 2019, were transacted at the meeting.
All the resolutions for consideration at the 54th AGM, as set out in the Notice dated 17th July, 2019, have been passed by the Members by the requisite majority through remote e-voting and poll at the AGM venue.