DRIVIN G ROWTH - Dr. Reddy's

344
notice
Notice is hereby given that the 18th annual general meeting of the Company will be held on Monday, the 26th day of August, 2002
at 11.30 AM at Hotel Viceroy, Tank Bund Road, Hyderabad 500 080 to transact the following business:
ORDINARY BUSINESS
1. To receive, consider and adopt the Profit & Loss Account for the year ended March 31, 2002 and the Balance Sheet as on that
date along with the reports of the Directors’ and Auditors’ thereon.
2. To take note of the interim dividend declared by the Company for the financial year 2001-2002 and declare final dividend for the
financial year 2001-2002.
3. To appoint a Director in place of Mr. P N Devarajan, who retires by rotation and being eligible offers himself for re-appointment.
4. To appoint a Director in place of Mr. Ravi Bhoothalingam, who retires by rotation and being eligible offers himself for
re-appointment.
5. To appoint the Statutory Auditors and fix their remuneration. The retiring Auditors M/s. Bharat S Raut & Co., are eligible for
reappointment. M/s. A Ramachandra Rao & Co., have expressed their intention not to opt for re-appointment as Auditors.
SPECIAL BUSINESS
6. To consider and if thought fit, to pass the following resolution as an ordinary resolution:
“RESOLVED THAT Dr. Krishna G Palepu be and is hereby appointed Director of the Company.”
7. To consider and if thought fit, to pass the following resolution as an ordinary resolution:
“RESOLVED THAT Mr. Anupam Puri be and is hereby appointed Director of the Company.”
8. To consider and if thought fit, to pass the following resolution as an ordinary resolution:
“RESOLVED THAT subject to the provisions of sections 198, 269, 309, 310 and other applicable provisions, if any, of the Companies
Act, 1956 read with schedule XIII thereof, the consent of the Company be and is hereby accorded for amending the clause relating
to payment of commission on the net profits of the Company, w.e.f. April 1, 2002, in the resolution passed by the members at
the 17th annual general meeting held on September 24, 2001 relating to re-appointment of Dr. K Anji Reddy as Executive
Chairman of the Company, so as to read as under:
In addition to the salary and perquisites, Dr. K Anji Reddy will also be eligible to receive commission upto 1% of the net profits of
the Company, as may be decided by the Board of Directors of the Company.
9. To consider and if thought fit, to pass the following resolution as an ordinary resolution:
“RESOLVED THAT subject to the provisions of sections 198, 269, 309, 310 and other applicable provisions, if any, of the Companies
Act, 1956 read with schedule XIII thereof, the consent of the Company be and is hereby accorded for amending the clause relating
to payment of commission on the net profits of the Company, w.e.f. April 1, 2002, in the resolution passed by the members at
the 17th annual general meeting held on September 24, 2001 relating to re-appointment of Mr. G V Prasad as Executive Vice
Chairman and CEO of the Company, so as to read as under :
In addition to the salary and perquisites, Mr. G V Prasad will also be eligible to receive commission upto 0.5% of the net profits
of the Company, as may be decided by the Board of Directors of the Company.
10. To consider and if thought fit, to pass the following resolution as an ordinary resolution:
“RESOLVED THAT subject to the provisions of sections 198, 269, 309, 310 and other applicable provisions, if any, of the Companies
Act, 1956 read with schedule XIII thereof, the consent of the Company be and is hereby accorded for amending the clause relating
to payment of commission on the net profits of the Company, w.e.f. April 1, 2002, in the resolution passed by the members
relating to appointment of Mr. Satish Reddy as Managing Director and COO of the Company, so as to read as under :
In addition to the salary and perquisites, Mr. Satish Reddy will also be eligible to receive commission upto 0.5% of the net profits
of the Company, as may be decided by the Board of Directors of the Company.
11. To consider and if thought fit, to pass the following resolution as an ordinary resolution:
“RESOLVED THAT subject to the provisions of sections 198, 269, 309, 310 and other applicable provisions, if any, of the Companies
Act, 1956 read with Schedule XIII thereof, the consent of the Company be and is hereby accorded for re-appointment of Mr. Satish
Reddy as Managing Director and COO of the Company for a period of five years with effect from October 1, 2002 on the following
terms and conditions:
NOTICE | FINANCIALS | ANNUAL REPORT 2001-2002