Gujarat Sidhee Cement (Delisted) MD, chairman, board of directors and AGM

BSE: 518029Cement & Cement Products

Last traded ₹33.10 on 20 Apr 2023

Delisted on 2 Mar 2024.

Gujarat Sidhee Cement AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Gujarat Sidhee Cement share news and announcements

Meeting called by the tribunal, 22 Nov 2022

Present: 0 promoters and 64 others.The company's voting result (opens in a new tab)

  1. Approval of the Scheme of Amalgamation Gujarat Sidhee Cement Limited (Transferor Company) with Saurashtra Cement Limited (Transferee Company) and their respective shareholders and creditors pursuant to the provisions of Section 230 - 232 other relevant provisions of the Companies Act, 2013 and rules made there under.MoreLess
    SpecialPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 2.43% · promoters 0.00% · institutions 0.00% · other public 7.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Jul 2022, 4 resolutions

Present: 6 promoters and 46 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statement for the voting during the AGM Financial Year 2021-22 and Direcots and Auditors Report thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 62.49% · promoters 86.53% · institutions 0.00% · other public 7.93%

  2. Re-appointment of Mr. Venkatesh Mysore, Director (DIN:01401447) who retires by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 62.49% · promoters 86.53% · institutions 0.00% · other public 7.93%

  3. Appointment of M/s Bansi S. Mehta & Co. Chartered Accountants as Statutory Auditors for a furhter term of five years from the Financial Year 2022-23 and upto the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 62.49% · promoters 86.53% · institutions 0.00% · other public 7.93%

  4. Appointment and remuneration of the Cost Auditors M/s. M. Goyal & Co. Cost Accountants for the Financial Year ending 31st March, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 62.49% · promoters 86.53% · institutions 0.00% · other public 7.93%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Sep 2021, 4 resolutions

Present: 8 promoters and 72 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year 2020-21 and Directors’ and Auditors’ Report thereon
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 16.69% · promoters 21.08% · institutions 0.00% · other public 6.60%

  2. Re-appointment of Mrs. Juhi Chawla Mehta, Director (DIN: 00161706) who retires by rotation
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.81%

    Turnout: all 16.60% · promoters 20.96% · institutions 0.00% · other public 6.60%

  3. Appointment and remuneration of the Cost Auditors M/s. M. Goyal & Co., Cost Accountants for the Financial Year ending 31st March, 2022.
    Ordinary
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.55%

    Turnout: all 16.69% · promoters 21.08% · institutions 0.00% · other public 6.60%

  4. Resolution under Section 14 of the Companies Act 2013 for amendment in the existing para 1 & 3 of Articles 91, existing para 1of Article 93 and existing para 1 of Article 96.I of the Articles of Association of the Company, authorising the Vice Chairman to chair any of the General Meetings (Annual or Extra-ordinary) in absence of the Chairman of the Company.MoreLess
    SpecialPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.61%

    Turnout: all 16.69% · promoters 21.08% · institutions 0.00% · other public 6.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 22 Feb 2021, 1 resolution

Present: 0 promoters and 39 others.The company's voting result (opens in a new tab)

  1. Resolution for approval of the Scheme of Amalgamation between Bhadra Textiles & Trading Private Limited (‘Transferor Company 1’) and Villa Trading Company Private Limited ( Transferor Company 2') and Gujarat Sidhee Cement Limited (‘Transferee Company’) and their respective shareholders and creditors pursuant to the provisions of Sections 230-232 other relevant provisions of the Companies Act, 2013 and rules made there under.MoreLess
    SpecialPromoters have an interest in it
    99.02% for0.98% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 1.27% · promoters 0.00% · institutions 0.00% · other public 4.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2020, 7 resolutions

Present: 10 promoters and 88 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year 2019-20 and Director's and Auditor's Report thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 62.31% · promoters 85.86% · institutions 0.00% · other public 6.30%

  2. Re-appointment of Mr.Hemnabh Khatau (DIN:02390064) who retires by rotation.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 62.31% · promoters 85.86% · institutions 0.00% · other public 6.30%

  3. Appointment and remuneration of the Cost Auditors M/s. M. Goyal & Co. Cost Accountants as Cost Auditors for the Financial Year ending 31st March, 2021
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 62.31% · promoters 85.86% · institutions 0.00% · other public 6.30%

  4. Appointment of Dr. Rahul Gupta, IAS (DIN:08572955) as Non-Independent Non-Executive Director (Nominated by GIIC Ltd) of the Company.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 62.31% · promoters 85.86% · institutions 0.00% · other public 6.30%

  5. Reappointment of Mr. Jay Mehta (DIN:00152072) as the Executive Vice Chairman of the Company from 1st January 2021to 31st December 2023 on the terms & conditions stated.
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 59.69% · promoters 82.14% · institutions 0.00% · other public 6.30%

  6. Reappointment of Mr. M. S. Gilotra (DIN:00152190 as the Managing Director of the Company from 1st January 2021 to 31st December 2023 on the terms & conditions stated.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 62.16% · promoters 85.86% · institutions 0.00% · other public 5.79%

  7. Provide loan / advances to Saurashtra Cement Limited (SCL) in accordance with Section 185 & 186 of Companies Act, 2013 on the terms and conditions stated in the resolution.
    SpecialPromoters have an interest in it
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 4.16% · promoters 3.47% · institutions 0.00% · other public 5.79%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Aug 2019, 6 resolutions

Present: 8 promoters and 50 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Balance Sheet as at 31st March 2019, Audited Statement of Profit & Loss Account for the Financial Year ended 31st March 2019 and Director's and Auditor's Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 69.36% · promoters 96.11% · institutions 0.00% · other public 3.92%

  2. Re-appointment of Mr. Venkatesh Mysore (DIN:1401447) who retires by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 69.36% · promoters 96.11% · institutions 0.00% · other public 3.92%

  3. Ratification of Cost Auditors r emuneration to be paid to M/s. M. Goyal & Co. Cost Accountants for the Financial Year ending March 31, 2020
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 69.36% · promoters 96.11% · institutions 0.00% · other public 3.92%

  4. Appointment of Mr. Ashwani Kumar (DIN:07870681) as Independent Director of the Company for a period of 5 years w.e.f. 12/02/2019
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 69.36% · promoters 96.11% · institutions 0.00% · other public 3.92%

  5. Appointment of Mr. M. N. Sarma (DIN:06734357) as Independent Director of the Company for a period from 26/5/2019 to 31/3/2024
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 69.36% · promoters 96.11% · institutions 0.00% · other public 3.92%

  6. Approval under Section 188 of the Companies Act, 2013 for Related Party Transactions
    SpecialPromoters have an interest in it
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 0.69% · promoters 0.00% · institutions 0.00% · other public 2.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 13 Aug 2018, 19 resolutions

Present: 14 promoters and 37 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Balance Sheet as at 31st March 2018, Audited Statement of Profit & Loss Account for the Financial Year ended 31st March 2018 and Directors� and Auditors� Report thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  2. Re-appointment of Mr. Hemnabh R. Khatau (DIN: 02390064) who retires by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  3. Appointment of M/s. Bansi S. Mehta & Co., Chartered Accountants, having Registration No.100991W as Statutory Auditors of the Company from the Financial Year 2018-19 and up to Financial Year 2021-2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.80%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  4. Ratification of Cost Auditors remuneration to be paid to M/s. M. Goyal & Co., Cost Accountants for the Financial Year ending March 31, 2019.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  5. Re-appointment of Mr. S. V. S. Raghavan (DIN: 00111019) as an Independent Director of the Company for another term of five consecutive years with effect from 1st April, 2019 to 31st March, 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  6. Re-appointment of Mr. P. K. Behl (DIN: 00653859) as an Independent Director of the Company for another term of five consecutive years with effect from 1st April 2019 to 31st March 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  7. Re-appointment of Mr. M. L. Tandon (DIN: 00078923) as an Independent Director of the Company for another term of five consecutive years with effect from 1st April, 2019 to 31st March, 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  8. Re-appointment of Mr. Bimal Thakkar (DIN: 00087404) as an Independent Director of the Company for another term of five consecutive years with effect from 1st April, 2019 to 31st March, 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  9. Re-appointment of Mr. M. N. Rao (DIN: 00027131) as an Independent Director of the Company for another term of five consecutive years with effect from 31st May 2019 to 30th May, 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  10. Re-appointment of Mr. K. N. Bhandari (DIN: 00026078) as an Independent Director of the Company for another term of five consecutive years with effect from 31st May, 2019 to 30th May, 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  11. Re-appointment of Mrs. Bhagyam Ramani (DIN: 00107097) as an Independent Director of the Company for another term of five consecutive years with effect from 4th August 2019 to 3rd August 2024.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  12. Payment of Remuneration to Mr. Jay Mehta (DIN: 00152072), Executive Vice Chairman from 1st January 2019 till 31st December 2020.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.79% · promoters 99.69% · institutions 0.00% · other public 0.03%

  13. Payment of Remuneration to Mr. M. S. Gilotra (DIN: 00152190), Managing Director from 1st January 2019 till 31st December 2020.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  14. Approval for Overall Managerial Remuneration payable to Directors including Executive Vice Chairman and Managing Director.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.79% · promoters 99.69% · institutions 0.00% · other public 0.03%

  15. Approval for Continuation of holding of office by Mr. M. N. Mehta (DIN: 00632865) as a Non-Executive Chairman of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.79% · promoters 99.69% · institutions 0.00% · other public 0.03%

  16. Approval for Continuation of holding of office by Mr. S. V. S. Raghavan (DIN: 00111019) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  17. Approval for Continuation of holding of office by Mr. M. L. Tandon (DIN: 00078923) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  18. Approval for Continuation of holding of office by Mr. M. N. Rao (DIN: 00027131) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

  19. Approval for Continuation of holding of office by Mr. K. N. Bhandari (DIN: 00026078) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 71.89% · promoters 99.82% · institutions 0.00% · other public 0.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.