Amal Ltd 2013-14

Amal Ltd | Annual Report 2013-14 With effect from April 01, 2014, Section 180 (1) (a) of the Companies Act, 2013 requires passing of Special Resolution instead of Ordinary Resolution for creation of such security. Accordingly, the matter is being placed before the Members for passing of Special Resolution for the purposes narrated in the Resolution. The Board recommends the above Special Resolution for the approval of the Members. None of the Directors or Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the said Resolution. Item No 9 The Members is requested to pass a Special Resolution according their consent for borrowing moneys up to a limit of ` 25 crore over and above the paid-up shares capital and free reserves of the Company. With effect from April 01, 2014 Section 180 (1) (c) of the Companies Act, 2013 requires passing of Special Resolution instead of Ordinary Resolution for the borrowing in excess of paid-up share capital and free reserves. Taking into account the future finance requirements for growth plans and expansion programs being contemplated and undertaken by the Company and to cater to the working capital needs, a fresh Resolution is proposed in line with the requirements of Section 180 (1) (c) of the Companies Act, 2013. Accordingly the proposal for borrowing moneys up to a limit of ` 25 crore over and above the paid-up shares capital and free reserves of the Company is being placed for approval by way of Special Resolution by the Members. The Board recommends the above Special Resolution for the approval of the Members. None of the Directors or Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the said Resolution. Registered office: By order of the Board of Directors Atul House 310B Veer Savarkar Marg Mumbai 400028, Maharashtra India CIN: L24100MH1974PLC017594 ( Vasudev Koppaka) June 25, 2014 Managing Director Important Communication to the Members The Ministry of Corporate Affairs has taken a ‘Green Initiative in the Corporate Governance’ by allowing paperless compliances by the companies and has issued circulars stating that serving Notices | documents including Annual Reports can be made through electronic mode to its Members. To support this green initiative of the Government in full measure, the Members are requested to update their e-mail address provided to the concerned Depository Participants. Those Members who hold shares in physical form are requested to communicate their e-mail address by sending an e-mail to the Registrar and Share transfer agent, Link Intime India Pvt Ltd, at e-mail address: rnt.helpdesk@linkintime.co.in with a copy to the Company at e-mail address: sec@amal.co.in .