2007-2008 - Cgglobal.com

Mr Talwar does not hold any shares in the
Company either in his individual capacity or
beneficially for others.
The attendance record of these Directors
at the Board Meetings during the year under
review is given in Table 2.
COMMUNICATION TO SHAREHOLDERS
Full and complete disclosure of information
regarding the Company’s financial situation
and performance is an important part of the
Company’s Corporate Governance ethos. The
Company has demonstrated this commitment
by sending its shareholders a full version
of its Annual Report, despite a Regulatory
exemption. For convenience of shareholders
and better information, the standalone and
consolidated balance sheet and profit and loss
account are also provided in USD and Euro in
the Annual Report.
These emails are sent to shareholders whose
email-ids are available with the Company
directly (in case of shareholders holding shares
in physical form) or through Depository records
(in case of shareholders holding shares in
dematerialised form).
The Company requests shareholders to
notify email-ids for this purpose, so that they
can benefit from this initiative.
The Company further files on-line information
on financial statements and other matters
specified, on the approved website of London
Stock Exchange.
Meetings are held with institutional investors
and research analysts, as necessary.
INFORMATION ON GENERAL BODY
MEETINGS
The details of the last three Annual General
Meetings are as under :
FINANCIAL YEAR LOCATION DATE TIME
2004-2005 PATKAR HALL, MUMBAI 400 020 22 JULY 2005 3.30 P.M.
2005-2006 PATKAR HALL, MUMBAI 400 020 18 JULY 2006 3.30 P.M.
2006-2007 SUNVILLE PAVILION, MUMBAI 400 018 26 JULY 2007 3.30 P.M.
The Company’s quarterly results in the
format prescribed by the Stock Exchanges are
approved and taken on record by the Board
within the prescribed timeframe, and sent
immediately to all Stock Exchanges on which
the Company’s shares are listed. These results
are published in leading newspapers – The
Economic Times, Financial Express and Business
Standard in English and the Maharashtra Times
in vernacular, and are also uploaded on the
“Corporate filing” website sponsored jointly by
the National and Bombay Stock Exchanges, as
required by the Listing Agreement with Stock
Exchanges.
Information about the Company in general,
its financial results, and other information,
including official press releases can also be
accessed at the Company’s website www.
cglonline.com.
As an investor friendly measure the
Company has launched an initiative to
intimate shareholders of important corporate
announcements issued by the Company
through individual e-mails. This will enable
investors to receive latest information on events
such as Board Meetings, Dividend Declaration,
Financial Results, Annual General Meeting and
other important announcements.
Given below are the Special Resolutions that
were approved by shareholders at the last three
Annual General Meetings held on:
22 JULY 2005
$ Commission to Non-Executive Directors.
$ Remuneration to Non-Executive Directors.
18 JULY 2006
$ Sub-division of each fully paid equity share of
the Company having a face value of Rs.10/-
into 5 fully paid equity shares of the face
value of Rs.2/- each.
$ Increase in Authorised Share Capital of the
Company from Rs.600,000,000/- divided into
60,000,000 equity shares of Rs.10/- each to
Rs.1,250,000,000/- divided into 625,000,000
equity shares of Rs.2/- each.
26 JULY 2007
$ No Special Resolution was passed at the 70th
Annual General Meeting held on 26 July
2007.
Since none of the Resolutions proposed at
any General Meetings in the last three years,
required a postal ballot, the Company has
not adopted postal ballot for passing any
Resolution.
50 ANNUAL REPORT 2007–2008 CROMPTON GREAVES LIMITED