Sanginita Chemicals Ltd. 18th Annual General Meeting Summary
Meeting Details
• Date: July 8, 2023
• Format: Video conferencing
• Chairperson: Dineshsinh B. Chavada
Attendance
• Key officials present included:
• Chairman and Managing Director: Dineshsinh B. Chavada
• Other directors participated via video conferencing
Meeting Proceedings
• Confirmed valid quorum and compliance with virtual AGM regulations
• Notices and financial documents circulated to members
• Chairman's speech addressed:
• Operational challenges
• Financial performance for the year ending March 31, 2023
• Decrease in revenue but increase in profitability
• Plans for a potential rights issue to strengthen financial position
Voting Process
• Remote e-voting facilities provided for resolutions
• Members encouraged to use the CDSL e-voting platform
• Scrutinizer: Manoj Hurkat appointed for the voting process
Agenda Items
• Adoption of audited financial statements for the fiscal year ending March 31, 2023
• No questions received from members
• Dineshsinh B. Chavada recused himself from Item No. 2 (reappointment of Mrs. Hansaben D. Chavda)
• Mr. Jagdishkumar V. Thakor chaired the reappointment item
• Other resolutions included:
• Reappointment of an Independent Director
• Ratification of the Cost Auditor's remuneration
Conclusion
• Members reminded to vote; results to be announced post-counting
• Meeting concluded with thanks to all participants