annual report - Jindal Group of Companies

(II) Special Resolutions passed in the previous three AGMs.a) In the AGM held on 20.08.2008 : i) Alteration in Articles of Association of the Company pursuant to splitting ofEquity Shares from one Equity Share of Rs. 10/- each into two Equity Shares ofRs. 5/- each.ii) Appointment of Shri Manav Kumar, son of Managing Director, as Advisor ofthe Company pursuant to Section 314 of the Companies Act, 1956.iii) To approve ‘Jindal Drilling & Industries Limited Stock Based Incentive Plan2008’ of the company.b) In the AGM held on 09.09.2009 : Appointment of Mr. I.N. Chatterjee as Whole-time Director.c) In the AGM held on 10.09.2010 : i) Deletion of Chapter – II from the Article of Association(iii) No special resolution was passed through postal ballot during the year 2010-11. No special resolution is proposed to beconducted through postal ballot.7. DISCLOSURESi) Related Party TransactionsThere have been related party transactions, as reflected in notes to the accounts but they are not in conflict with theinterest of the Company.ii) Accounting StandardsThe Company follows the Accounting Standards laid down by the Institute of Chartered Accountant of India and therehas been no deviation during the year.iii) Details on Non ComplianceThere are no instances of non-compliance by the Company on any matter relating to the Capital Market during the last3 years.iv) Risk ManagementThe Company has detailed Risk Management Policy and the Board periodically review the procedures for its effectivemanagement.v) CEO/CFO CertificatesShri Raghav Jindal, Managing Director and Shri S.N. Ajmera, CFO have furnished the required certificate to the Board ofDirectors pursuant to Clause 49 of the Listing Agreement.8. MEANS OF COMMUNICATIONThe Company’s financial results are communicated forthwith to all the Stock Exchanges with whom the Company has listingarrangements as soon as they are approved and taken on record by the Board of Directors of the Company. Thereafter theresults are normally published in Economic Times, Business Standard, and Regional newspapers. The Financial Results, PressReleases and Presentations made to institutional investors are also available on the Company’s website www.jindal.com.Designated Exclusive e-mail ID: The Company has designated the following e-mail ID exclusively for investor grievanceredressel:- secretarial@jindaldrilling.in9. GENERAL SHAREHOLDERS INFORMATIONa) Annual General Meeting:Date & Time : 20th September, 2011 at 12.15 P.M.Venue : Narsi Banquet, Palam Vihar, Gurgaon - 122 017 (Haryana)b) Period : 1st April 2010 to 31st March, 2011c) Book Closure : Saturday, 27th August, 2011 to Wednesday, 31st August, 2011d) Dividend : Re. 0.50/- per share (i.e. @ 10%) for the year ended 31st March, 2011, If approved bythe members, would be payable on or after 24th September,2011.21