sejal architectural glass limited - Securities and Exchange Board of ...

Mr. Praful N. Satra, aged 43 years, is the son of Mr. Nanji Satra and an independent director of our
Company. He has 18 years experience in real estate development, execution and management of
vide variety of construction and development projects, including 5 projects that collectively consist
of more than 3 million square feet of constructed space in Mumbai.
Ms. Vimla M. Shah, aged 42 years, is the daughter of Mr. Malshi R. Shah and an independent director
in our company. She has completed her LLB from Mumbai University and is a Solicitor from Bombay
Incorporated Law Society. She is a practicing Solicitor since 12 years handles various matters relating
to conveyancing and litigation, amongst others. She is also on the panel of Central Bank of India. She
is at present the chairman of our Shareholders/Investor Grievances Committee .
Mr. Hasmukh N. Shah, aged 43 years, is the son of Mr. Nanji R. Shah and an independent Director in
our Company. He is a C.A., C.S., L.L.B., C.P.A (USA) by qualification and has also completed the
Business Consultancy Studies Course conducted by Jamnalal Bajaj Institute of Management Studies.
He has an experience of 22 years in the area of taxation laws, company law, and corporate finance.
He is an independent director of our Company.
Mr. Mitil R. Chokshi, aged 37 years, is the son of Mr. Rajnikant Chokshi and an independent director
in our Company. He is a C.A., C.W.A. and has completed the Business Consultancy Studies Course
conducted by Jamnalal Bajaj Institute of Management Studies, jointly with Bombay Chartered
Accountants’ Society. He was one of the youngest Chairman of the Western India Regional Council of
the Institute of Chartered Accountants of India in the year 2003-2004. He specializes in banking and
non- banking financial services sector, assurance and auditing services, international tax and cross
border consultations. Presently, he is the chairman of Audit Committee.
Borrowing Powers of the Board
The Board of Directors of our Company has power to borrow up to Rs. 50,000 Lacs as per the
members’ resolution passed in the AGM of our Company held on April 25, 2006. The extract of the
resolution of our Company authorizing the Board’s borrowing powers is reproduced:
We hereby certify that the following Ordinary Resolution has unanimously been passed at the
meeting aforesaid, and the same has properly been recorded in the Minutes Book kept for the
Purpose.
“RESOLVED that, in supersession of the earlier resolution(s) passed and in pursuance of the provisions
of Section 293(1)(d) of the Companies Act, 1956, the consent of the Company be and is hereby
accorded to the Board of Directors of the Company for borrowing, whether by way of loans, mortgage
or otherwise, from time to time, any sum or sums of moneys, on such terms and conditions, and
further with or without security, as the Board of Directors may think fit, which, together with the
moneys already borrowed by the Company (apart from temporary loans obtained or to be obtained
from the Company's bankers in the ordinary course of business) may exceed the aggregate, for the
time being, of the paid-up capital of the Company and its free reserves, that is to say, reserves not
set apart for any specific purpose, provided that the total amount of money/moneys so borrowed by
the Board shall not, at any time, exceed the limit of Rs.500,00,00,000/- (Rupees Five Hundred Crores
Only).
RESOLVED FURTHER that the Board of Directors be and is hereby authorised to do and perform all
such acts, deeds and things, as may be necessary, desirable or expedient to give effect to this
resolution.”
WE CONFIRM THAT THE BORROWING POWERS OF DIRECTORS ARE IN COMPLIANCE WITH THE RELEVANT
PROVISIONS OF COMPANIES ACT 1956.
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