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ANNUAL REPORT 2018 - 2019

1. The Company has passed a Special Resolution under Section 73 of the Companies Act,2013 for invitation
andacceptanceofDepositsfromMembersoftheCompanythroughPostalBallotonMarch23,2019.

2. The Company has passed a Special Resolution under Section 180(1)( c) of the Companies Act, 2013 for
`
Borrowingpowersupto 200CroresthroughPostalBallotonMarch23,2019.
3. The Company has passed a Special Resolution under Section 180(1) (a) of the Companies Act, 2013 for
creationofcharge/mortgageontheassetsoftheCompanythroughPostalBallotonMarch23,2019.

4. The Board of Directors at their Meeting held on March 25,2019 has re-appointed Mr.Hemant Kumar Ruia
as the Chairman & Managing Director of the Company for a further period of Five (5) years i.e.
a
01stApril,2019to31stMarch,2024 ,atremunerationfor periodofThree(3)yearsi.e.01stApril,2019to31st
March,2022,subjecttoapprovaloftheMembers.
5. The Board of Directors at their Meeting held on March 25, 2019 has revised the remuneration payable to
Mr.YashvardhanRuia,ExecutiveDirectoroftheCompanywitheffectfrom01stApril,2019fortheremainder
ofhistermi.eupto3 1stMay,2020,subjectto theapprovalofMembers.

Place :Mumbai For SK Makhija & Associates
Date :13.08.2019 Company Secretaries

Suman Makhija
Proprietor
FCS 9925| CP No.13322

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BOARDS REPORT