tpl plastech limited annual report 2016 - .2 tpl plastech limited annual report 2016 - 2017 notice

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    TPL Plastech Limited Annual Report 2016 - 2017

    BOARD OF DIRECTORSSANJAYA KULKARNIChairman & Independent DirectorMANGESH SARFAREWhole Time DirectorM. K. WADHWANon Executive & Independent DirectorANIL JAINNon-Executive DirectorMONIKA SRIVASTAVANon-Executive DirectorDEEPAK BAKHSHINon Executive & Independent Director

    MANAGEMENT

    MURARILAL JANGID : Chief Financial OfficerMANOJ KUMARMEWARA : Company Secretary RAHUL SHARMA : Chief Operating OfficerM. V. SURESH : : V. P.- Marketing

    AUDITORS

    LODHA & COMPANYChartered Accountants, Mumbai

    REGISTRAR & SHARE TRANSFER AGENTSLink Intime India Pvt. Ltd.C 101, 247 Park, L B S Marg, Vikhroli West,Mumbai 400 083Tel No. 91 22 49186000

    BANKERSIDBI Bank Ltd.HDFC Bank Ltd.

    REGISTERED OFFICE102, 1st Floor, Centre Point, Somnath Daman Road,Somnath, Dabhel, Nani Daman, Daman (U.T.) 396210 CIN:L25209DD1992PLC004656

    CORPORATE OFFICESangeet Plaza, Office No. 501 to 504, 5th Floor, Opp. Marol Fire Brigade, Marol Maroshi Road, Marol Naka, Andheri (E), Mumbai-400 059Tel No. : 022-4062 4200Fax No. : 022-4062 4299

    WORKS Plot No. 5 & 5P, Government Industrial Estate, Khadoli Village, Silvassa 396230 Dadra & Nagar Haveli - (U.T.)

    Lane No. 5, Phase 2, SIDCO Industrial Complex, Bari Brahmna Industrial Estate, Jammu (J & K)

    Survey No. 54B, & 54C, Village Alak Devi, Tahsil Gadarpur, District. U. S. Nagar, (Uttarakhand)

    Survey No. 217/2, Village Kotda, Taluka Anjar, Distt. Bhuj (Kutch,Gujarat)

    Plot No. 1164, Khata Khasra No 1094/416, Opp. Highway Fuels, Mhow Neemuch Road, Ratlam 457001 Madhya Pradesh.

    CONTENTS

    Notice .............................................................. 02Directors Report ..............................................11Corporate Governance .................................... 29Management Discussion & Analysis ............... 40Auditors Report ............................................... 42

    Significant Accounting Policies ........................ 48Balance Sheet ................................................. 54Profit & Loss Account ...................................... 55Cash Flow ....................................................... 57Notes forming part of Financial Statements .... 58

    TWENTY FOURTH

    ANNUAL GENERAL MEETING

    Friday, 29th September, 2017

    12.00 noon.

    Hotel Mirasol Kadaiya Village, Daman (U.T.) - 396 210.

    TPL PLASTECH LIMITEDANNUAL REPORT 2016-2017

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    TPL Plastech Limited Annual Report 2016 - 2017

    NOTICENOTICE is hereby given that the 24th Annual General Meeting of the Members of TPL PLASTECH LIMITED will be held on Friday, 29th September, 2017 at 12.00 noon at Hotel Mirasol Kadaiya Village, Daman (U.T.) - 396 210 to transact the following business:ORDINARY BUSINESS:

    1. To receive, consider and adopt the Financial Statements of the Company for the financial year ended 31st March 2017 including Balance Sheet as at 31st March, 2017 and the Profit and Loss Account of the Company for the year ended on that date and the Reports of Directors, and the Auditors thereon.

    2. To declare a dividend on equity shares for the financial year ended March 31, 2017 and in this regard, pass the following resolution as an Ordinary Resolution:

    RESOLVED THAT a dividend at the rate of ` 3 per equity share on the face value of ` 10/- each be and is hereby declared for the financial year ended March 31, 2017 and the same be paid as recommended by the Board of Directors of the Company, out of the profits of the Company for the financial year ended March 31, 2017.

    3. To appoint a Director in place of Ms. Monika Srivastava (DIN-02055547), who retires by rotation at this Annual General Meeting and being eligible, offers herself for reappointment.

    4. To appoint Statutory Auditors and fix their remuneration and in this regard, pass the following resolution as an Ordinary Resolution:

    RESOLVED THAT pursuant to the provisions of Sections 139, 142 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), Raman S. Shah & Associates, Chartered Accountants, Mumbai (Firm Registration No. 119891W) be and are hereby appointed as Statutory Auditors of the Company for a term of 5 (five) consecutive years from the conclusion of this Annual General Meeting till the conclusion of the sixth Annual General Meeting from this Annual General Meeting, at such remuneration as shall be fixed by the Board of Directors of the Company.

    SPECIAL BUSINESS:

    5. Ordinary Resolution for appointment of Mr. Mangesh Sarfare (DIN 07793543) as Whole Time Director of the Company:

    RESOLVED THAT pursuant to the provisions of Sec 149, 152 and other applicable provisions of the Companies Act, 2013 and the Rules framed thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) Mr. Mangesh Sarfare (DIN 07793543) who was appointed by the Board of Directors as Additional Director of the Company w.e.f 19th April, 2017 and who holds office upto the conclusion of the forthcoming Annual General Meeting of the Company in terms of Sec 161 of the Companies Act, 2013 and in respect of whom the Company has received a Notice in writing from a member alongwith the deposit of the requisite amount under Sec 160 of the Companies Act, 2013 proposing his candidature for the office of Director of the Company, be appointed as Whole Time Director of the Company and that he shall be liable to retire by rotation.

    6. Ordinary Resolution for appointment of Mr. Anil Jain (DIN 00183364) as Director of the Company:

    RESOLVED THAT pursuant to the provisions of Sec 149, 152 and other applicable provisions of the Companies Act, 2013 and the Rules framed thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) Mr. Anil Jain (DIN 00183364) who was appointed by the Board of Directors as Additional Director of the Company w.e.f 19th April, 2017 and who holds office upto the conclusion of the forthcoming Annual General Meeting of the Company in terms of Sec 161 of the Companies Act, 2013 and in respect of whom the Company has received a Notice in writing from a member alongwith the deposit of the requisite amount under Sec 160 of the Companies Act, 2013 proposing his candidature for the office of Director of the Company, be appointed as director of the Company and that he shall be liable to retire by rotation.

    7. Ordinary Resolution for appointment of Mr. Deepak Bakhshi (DIN 07344217) as an Independent Director of the Company:

    RESOLVED THAT pursuant to provisions of Sections 149, 150, 152 and any other applicable

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    TPL Plastech Limited Annual Report 2016 - 2017provisions of the Companies Act, 2013 (the Act) and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) read with Schedule IV to the Act and Regulation 16(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Deepak Bakhshi (DIN 07344217), who was appointed as an Additional Director of the Company by the Board of Directors with effect from 25th May, 2017, in terms of Section 161(1) of the Act and Articles of Association of the Company and whose term of office expires at the Annual General Meeting and in respect of whom the Company has received a Notice in writing from a member alongwith the deposit of the requisite amount under Sec 160 of the Companies Act, 2013, proposing his candidature for the office of Director of the Company, be and is hereby appointed as an Independent Director of the Company to hold office for five consecutive years from the date of this AGM upto 28th September, 2022.

    For and on behalf of the Board

    For TPL Plastech Limited

    Place- Mumbai MANOJ KUMAR MEWARA

    Date- 10.08.2017 COMPANY SECRETARY

    NOTES :-

    1. The Explanatory Statement setting out the material facts pursuant to Section 102 of the Companies Act, 2013 (the Act), concerning the Special Business in the Notice is annexed hereto and forms part of this Notice.

    2. A Member entitled to attend and vote at the Annual General Meeting (AGM or the Meeting) is entitled to appoint a proxy to attend and vote on a poll, instead of himself / herself and the proxy need not be a Member of the Company. A person can act as proxy on behalf of Members upto and not exceeding fifty and holding in the aggregate not more than ten percent of the total share capital of the Company. Further, a Member holding more than ten percent of the total share capital of the Company carrying voting rights, may appoint a single person as proxy and such person shall not act as proxy for any other person or Member. The instrument appointing proxy should, however, be deposited at the Corporate Office of the

    Company not later than forty-eight hours before the commencement of the Meeting. The holder of proxy shall prove his identity at the time of attending the Meeting.

    3. Corporate members intending to send their authorized representatives to attend the meeting are requested to send a certified copy of the Board resolution authorizing their representative to attend and vote at the meeting.

    4. In case of joint holders attending the Meeting, only such joint holder who is higher in the order of names will be entitled to vote.

    5. Members attending the meeting are requested to complete the enclosed attendance slip and to deliver the same at the entrance of the meeting hall.

    6. As a measure of economy, copies of the Annual Report will not be distributed at the Annual General

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