Page 240 - Kolte Patil AR 2019-20

For making any further issue of shares to any person(s) other than Item No. 4
existing equity shareholders of the Company approval of members The Board of Directors of the Company on the recommendation of
is required to be obtained by way of passing a special resolution, in the Audit Committee, approved the appointment and remuneration
pursuance to section 62 (1) (c) of the Companies Act. of M/s Harshad S. Deshpande, Cost Accountants, to conduct the
The said approval for issuance of securities shall be the basis for audit of the cost records of the Company for the financial year ended
the Board of Directors to determine the terms and conditions of 31 March 2020. In terms of the provisions of Section 148(3) of the
any issuance of debt instruments by the Company for a period of 1 Companies Act, 2013 read with Rule 14(a)(ii) of The Companies
(one) year from the date on which the shareholders have provided (Audit and Auditors) Rules, 2014, the remuneration payable to the
the approval by way of special resolution. All debt instruments Cost Auditor is to be ratified by the Members of the Company.
issued by the Company pursuant to such authority granted by the Accordingly, the Members are requested to ratify the remuneration
shareholders shall be priced on the basis of the prevailing market payable to the Cost Auditors for the year ended 31 March 2020 as
conditions and as specifically approved by the Board at such time. set out in the Resolution for the aforesaid services to be rendered
by them.
None of the Directors, Key Managerial Personnel or their relatives are
concerned or interested in the resolution at Item No. 3. None of the Directors / Key Managerial Personnel of the Company
/ their relatives are, in any way, concerned or interested, financially
The Board recommends the resolution set forth at Item No. 3 for the or otherwise, in the proposed resolution, set out at Item No. 4 of the
approval of the members. Notice.

The Board of Directors recommend the Ordinary Resolution set out
at Item No. 4 of the Notice for approval by the Members.

The instructions for shareholdres for remote e-voting are as under:

(i) The voting period begins on 25 September 2020 at 09.00 AM (iv) Click on “Shareholders” module.
and ends on 27 September 2020 at 05.00 PM. During this period (v) Now enter your User ID
shareholders’ of the Company, holding shares either in physical a. For CDSL: 16 digits beneficiary ID,
form or in dematerialized form, as on the cut-off date (record
date) of 21 September 2020 may cast their vote electronically. b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,
The e-voting module shall be disabled by CDSL for voting c. Shareholders holding shares in Physical Form should enter
thereafter. Folio Number registered with the Company.
(ii) Shareholders who have already voted prior to the meeting (vi) Next enter the Image Verification as displayed and Click on
date would not be entitled to vote at the meeting venue - for Login.
E-voting to be held during the meeting. (vii) If you are holding shares in demat form and had logged on to
(iii) The shareholders should log on to the e-voting website www. www.evotingindia.com and voted on an earlier e-voting of any
evotingindia.com. company, then your existing password is to be used.
(viii) If you are a first time user follow the steps given below:

For Shareholders holding shares in Demat Form and Physical Form
PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable for both
demat shareholders as well as physical shareholders)
y y Shareholders who have not updated their PAN with the Company/Depository Participant
are requested to use the sequence number which is printed on Postal Ballot / Attendance
Slip indicated in the PAN field.
Dividend Bank Details Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in your
OR Date of Birth (DOB) demat account or in the company records in order to login.
y y If both the details are not recorded with the depository or company please enter the
member id / folio number in the Dividend Bank details field as mentioned in instruction (v).

238 | Kolte-Patil Developers Limited