Annual Report 2010-2011 - Gammon India

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(b) GENERAL BODY MEETINGS :
(i) Location, Date and Time of Annual General Meetings held during the last three (3) years:
The Annual General Meetings of the Company for the year 2009 - 2010 and 2008 - 2009 were held at Ravindra
Natya Mandir (P.L. Deshpande Maharashtra Kala Academy), Sayani Road, Prabhadevi, Mumbai - 400 025, whereas
the Annual General Meeting for the year 2007-08 was held at Amar Gian Grover Auditorium, Lala Lajpat Rai
Marg, Mahalaxmi, Mumbai - 400 034 as detailed below :
A NNUAL R EPORT I 2010/11
AGM Financial Year Date & Time
88th 2009-2010 28th September 2010 at 3.30 p.m
87th 2008-2009 14th October 2009 at 3.00 p.m
86th 2007-2008 25th September, 2008 at 3.30 p.m
(ii) Special Resolutions passed in the previous three Annual General Meetings :
Date of AGM Particulars of Special Resolutions passed
28th September 2010 (i) Authorising Mr. Harshit Rajan – Head Procurement to hold and
continue to hold an office or place of profit in the Company as Head
Procurement on a revised remuneration in the scale of ` 30,00,000/-
(Rupees Thirty Lacs Only) per annum payable with effect from
1st 14
April, 2010 or such date as may be approved by the Central Government.
th October 2009 (i) Appointment of Mr. Harshit Rajan, a relative of Mr. Abhijit Rajan, Chairman and
Managing Director of the Company, to hold and continue to hold an office or
place of profit in the Company pursuant to Section 314 of the Companies Act
1956 and subject to approval by the Central Government.
(ii) Payment of remuneration to Mr. Parvez Umrigar, Non-Executive Director pursuant
to Section 309(4)(a) of the Companies Act 1956 and subject to approval by the
Central Government.
25th September, 2008 No Special Resolution was passed.
(iii) Resolutions Passed by Postal Ballot during 2010-11 :
The following resolutions were passed by Postal Ballot during the year 2010-11 :
(I) (A) Special Resolution :
(i) Approval of the Members sought pursuant to the provisions of Section 81(1A) of the Companies
Act, 1956 and all other applicable provisions, if any, to reserve, offer, issue and allot upto 64,50,000
Equity Shares to the permanent employees of the Company or of the Subsidiary Companies including
directors, under the Employee Stock Option Scheme (ESOP). The details of voting pattern are as
under :
Particulars No. of votes cast % of total votes cast
In favour of the Resolution 4,26,82,537 96.395
Against the Resolution 15,95,521 3.603
Invalid Votes 796 0.002
Total 4,42,78,854 100
(ii) Approval of the Members sought pursuant to the provisions of Section 81(1A) of the Companies
Act, 1956 and all other applicable provisions, if any, to extend the benefits of the proposed ESOP
Scheme(s) to the eligible employees of the Subsidiary Companies of the Company. The details of
voting pattern are as under :
Particulars No. of votes cast % of total votes cast
In favour of the Resolution 4,26,79,421 96.388
Against the Resolution 15,98,637 3.610
Invalid Votes 796 0.002
Total 4,42,78,854 100