Download - Sujana Group

SUJANA METAL PRODUCTS LIMITED
requested to register their e mail addresses
by sending an e-mail with the following details
to ‘cssmpl@sujana.com’ or by visiting our
website ‘www.sujana.com’ or register the
same with the Company’s Registrar and
Share Transfer Agents “Bigshare Services
Private Limited”.
Name
of the
member
Son of/
Daughter
of/ Wife of
Client ID/
Ledger
Folio
No.
No. of
Shares
held
Pan No.
(mandatory in
case of Demat
holders)
E-mail
address
EXPLANATORY STATEMENT PURSUANT TO
THE PROVISIONS OF SECTION 173(2) OF THE
COMPANIES ACT, 1956:
Item No. 5: Re-appointment of Shri S.Hanumantha
Rao, Director (Finance) of the Company.
Keeping in view his outstanding contribution in the
growth of the Company and his leadership qualities
supported by his qualifications & experience, the
Board of Directors in its meeting held on 13th August,
2010 decided to re-appoint Shri S.Hanumantha
Rao, as Director (Finance) of the Company for a
period of five years with effect from 13th August,
2010 subject to the approval of the Shareholders,
with the existing remuneration (more particularly
described in the resolution).
In accordance with the provisions of Section 198,
269 and 309 and Schedule XIII of the Companies
Act, 1956, approval of shareholders is required for
the re-appointment of Shri S.Hanumantha Rao as
Director (Finance) of the Company.
Your Directors recommended the resolution for your
approval.
None of the Directors except Shri S.Hanumantha
Rao is interested or concerned in the aforesaid
resolution.
Item No. 6: Amendment to Articles of Association
of the Company.
Recently, Ministry of Corporate Affairs, Government
of India, as part of its Green Initiative in the
Corporate Governance, came up with a series
of circulars, thereby allowing use of electronic
modes in convening and conducting the Board and
Shareholders meetings of the Companies and by
allowing paperless compliances by the Companies
by sending notices/documents (i.e., Balance
Sheets etc.,) to the members of the Company to
their registered e-mail addresses and also to use
electronic platform of the agencies duly approved
by the MCA for capturing accurate electronic voting
process in respect of postal ballot.
With a view to implement the green initiative in
the Company and in order to ensure maximum
participation of shareholders and Board of Directors
in the General and Board Meetings respectively and
to allow paperless compliance by sending notices/
documents (i.e., Balance Sheets etc.,) to the
members of the Company to their registered e-mail
addresses and also to use electronic platform of the
agencies duly approved by the MCA for capturing
accurate electronic voting process in respect of
postal ballot, the Board of Directors of the Company
has decided to make enabling provisions in the
Articles of Association of the Company for adopting
electronic modes like video conferencing and other
modern electronic systems in conducting Board and
General Meetings of the Company, electronic voting
and for sending the notices/documents.
The new Articles in the Articles of Association will
facilitate :
- Holding Board and General Meetings vide
electronic mode and will ultimately result in
effective and larger participation of Directors
and shareholders in the affairs of the
Company.
- Paperless compliances by the Companies
by sending notices/documents (i.e., Balance
Sheets etc.,) to the members of the Company
to their registered e-mail addresses.
- Utilisation of electronic platform of the
agencies duly approved by the MCA for
capturing accurate electronic voting process
in respect of postal ballot.
- Strengthening Corporate Governance norms
in the Company.
Considering the benefits attached with the use
of electronic mode and to ensure the maximum
participation of the Board of Directors and
shareholders in their respective meetings, the
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