Annual Report-FY 2011-12 - Timex Group India

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Remuneration of Executive Director is decided by the Board based on recommendation of Remuneration Committee.Remuneration paid to the Managing Director for the year ended 31 March 2012 and the disclosure as per the requirement ofSchedule XIII of the Companies Act, 1956, are as follows:Break up of Annual RemunerationINR Per AnnumEffective from 29 April,2011Basic Salary 40,87,392HRA @ 50% of Basic Salary 20,43,696Annual Reimbursements towards Car Lease, Fuel & Maintenance,Leave Travel Allowance and Medical Exp. 14,94,996Performance Bonus 18,48,336Contribution to Provident fund as applicable 4,90,487Gratuity Fund as applicable 1,96,509Superannuation Fund as applicable 6,13,109Total 1,07,74,525MEANS OF COMMUNICATIONWebsite, where results are displayed : The financial results are displayed onwww.timexindia.comQuarterly/Annual Results : Financial Results are published in the Newspapers as requiredunder the Listing Agreement.Newspaper in which results are normally Published : The Business Standard, Business Standard, Vernacularpublished (Hindi) Newspaper.Whether Management Discussion &Analysis is a part of the Annual Report : YesAll Financial Results and other material information about the Company are promptly sent through fax to the Bombay StockExchange and the same is then either hand delivered or sent by courier to the Stock Exchange.GENERAL SHAREHOLDERS’ INFORMATIONAGM: Date, time and venue : Friday, 3 August 2012 at 10:00 a.m. at Air Force Auditorium,Subroto Park New Delhi -110010.Financial Year : 1 April, 2011 to 31 March, 2012Directors seeking appointment/re-appointment : As required under Clause 49(IV) (G), particulars of Directorsseeking appointment/re-appointment are given in the Reporton Corporate Governance forming part of the Annual Report.Tentative calendar of events for the financial : To review and approve unaudited Financial Results for the quarteryear 2012-13 (April – March) First quarter - ended July 2012Second quarter - ended October 2012Third quarter - ended January 2013Fourth quarter - ended May 2013Book closure Date : 28 June 2012 and 29 June 2012 (both days inclusive)Listing of shares on Stock Exchanges : Bombay Stock Exchange, Phiroze Jeejeebhoy Towers, DalalStreet, Mumbai – 400001Registered Office : 117, Ground Floor, World Trade Centre, Babar Road, NewDelhi-110001.20
Listing Fees : Listing fees as prescribed has been paid to the Stock Exchangeup to 31 March 2012Share Registrar & Transfer Agents : Alankit Assignment Limited 2E/21 Alankit House, JhandewalanExtension, New Delhi – 110055 of the Company for bothphysical and electronic mode of share transfers.Contact Person : Mr. J K Singla: Phones 011-42541234,Fax : 011-23552001Email : rta@alankit.cominfo@alankit.comWebsite : www.alankit.comSHARE TRANSFER SYSTEMThe Company has appointed Alankit Assignment Limited, as Registrar and Shares Transfer Agent. Shares sent fortransfer in physical form are registered by the Registrar and Share Transfer Agents within fifteen days of receipt of thedocuments, if found in order. Shares under objection are returned within two weeks. All requests for dematerialization ofshares are processed, if found in order and confirmation is given to the respective depositories i.e. National SecuritiesDepository Limited (NSDL) and Central Depository Services Limited (CDSL) within twenty-one days.All the transfers received are processed and approved by the Share Transfer & Shareholders / Investors GrievanceCommittee at its meetings. For redressal of transfer related grievances, shareholders may contact Ms. Shilpa Verma -Company Secretary at the registered office address of the CompanyINVESTOR SERVICESNumber of Complaints received, not solved & shares pending transferComplaints outstanding as on 1 April, 2011 0Complaints received during the year ended 31 March, 2012 3Complaints resolved during the year ended 31 March, 2012 3Complaints pending as on 31 March, 2012 0OTHERSName and designation of compliance officer: Ms. Shilpa Verma - Company Secretary.Venue and Time of the Last Three General Body MeetingsDate Category Venue Time No. of Members Representative ofSpecial present by Body CorporateResolutionsPerson Proxy30.07.2009 AGM FICCI 10.00 - 2447 51 1Auditorium, AMTansen Marg,New Delhi22.07.2010 AGM Air Force 10.00 - 2506 1 1Auditorium, AMSubroto Park,New Delhi29.07.2011 AGM Sri Fort 11.00 - 3140 8 1Auditorium AMAugust KrantiMarg, New Delhi21
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Annual Report-FY 2011-12 - Timex Group India

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