Annual Report FY2011 - Sujana Group

ANNUAL REPORT 2009-2011
NOTICE
NOTICE is hereby given that the Twenty
Second Annual General Meeting of the
Members of the Company will be held on
Saturday, the 24th day of September,2011 at
“Kohinoor”, Taj Deccan, Road No. 1, Banjara
Hills, Hyderabad-500 034, Andhra Pradesh at
10.00 A.M. to transact the following business:
ORDINARY BUSINESS
1. To receive, consider and adopt the audited
balance sheet of the Company as at 31st March,
2011 and the profit and loss account for the
period ended 31st March, 2011 and the Reports
of the Directors and Auditors thereon.
2. To appoint a Director in place of
Shri J. Ramakrishnan, who retires by rotation
and being eligible, offers himself for reappointment.
3. To appoint a Director in place of
Shri S. Hanumantha Rao, who retires by
rotation and being eligible, offers himself for
re-appointment.
4. To appoint Statutory Auditors of the Company
to hold office from the conclusion of this Annual
General Meeting until the conclusion of the next
Annual General Meeting of the Company and
to fix their remuneration. The retiring Auditors
M/s T.Raghavendra & Associates, Chartered
Accountants, Hyderabad are eligible for reappointment.
SPECIAL BUSINESS
5. To consider and if thought fit, to pass with
or without modification(s), the following
resolution as Special Resolution :
“RESOLVED that pursuant to the provisions of
Section 198, 269, 309, Schedule XIII and other
applicable provisions, if any, of the Companies
Act, 1956 and subject to the approval of Central
Government, if necessary, Shri G.Srinivasa
Raju, Managing Director of the Company be and
is here by re-appointed as Managing Director
of the Company for period of 5 (five) years
commencing from 13.08.2010 and the monthly
remuneration / package is being increased from
Rs. 55,000/- to Rs. 1,00,000/- per month until
otherwise decided”.
“RESOLVED FURTHER THAT Sri N. Ravi Kiran,
Company Secretary of the Company be and
is hereby authorised to file necessary e-forms
with the Registrar of Companies, Andhra
Pradesh, Hyderabad.”
6. To consider and if thought fit, to pass with
or without modification(s) the following
resolution as Ordinary Resolution:
“RESOLVED that pursuant to the provisions of
Section 94 and other applicable provisions, if
any, of the Companies Act, 1956 the Authorised
Share Capital of the Company be increased
from Rs.200,00,00,000/- (Rupees Two
Hundred Crores only) divided into 17,50,00,000
(Seventeen Crores Fifty Lakhs) Equity Shares of
Rs.10/- (Rupees Ten only) each and 25,00,000
(Twenty Five Lakhs only) Preference Shares of
Rs.100/- (Rupees One Hundred only) each to
Rs.300,00,00,000/- (Rupees Three Hundred
Crores only) divided into 27,50,00,000 (Twenty
Seven Crores Fifty Lakhs only) Equity Shares of
Rs.10/- (Rupees Ten only) each and 25,00,000
(Twenty Five Lakhs only) Preference Shares of
Rs.100/- (Rupees One Hundred only) each by
further creation of 10,00,00,000 (Ten Crores
only) Equity Shares of Rs.10/- (Rupees Ten
only) each.”
“RESOLVED FURTHER that, the consent of the
members of the Company be and is hereby
accorded to the Board/Management Committee
of the Board of Directors of the Company to
finalise the desired level/limit of authorized
share capital of the Company upto Rs. 300
Crores (Rupees Three Hundred Crores only)
keeping in view the proposed further issues of
the Company and to file necessary e-forms with
the Registrar of Companies, Andhra Pradesh,
Hyderabad and to do all such acts, deeds,
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