Annual Report for the Year 2012-13 - Jaypee Group
Annual Report for the Year 2012-13 - Jaypee Group
Annual Report for the Year 2012-13 - Jaypee Group
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DETAILS OF SPECIAL RESOLUTION(S) PASSED IN PREVIOUS<br />
THREE ANNUAL GENERAL MEETINGS<br />
No Special Resolution was passed in <strong>the</strong> previous three <strong>Annual</strong><br />
General Meetings of <strong>the</strong> Company held in 2010, 2011 & <strong>2012</strong>.<br />
DETAILS OF RESOLUTIONS PASSED THROUGH POSTAL<br />
BALLOT, THE PERSONS WHO CONDUCTED THE POSTAL<br />
BALLOT EXERCISE AND DETAILS OF THE VOTING PATTERN<br />
During <strong>the</strong> financial year ended March 31, 20<strong>13</strong>, <strong>the</strong> Company<br />
sought approval from its Shareholders on two occasions <strong>for</strong><br />
passing Special / Ordinary resolutions through <strong>the</strong> process of<br />
Postal Ballot in accordance with <strong>the</strong> provisions of Section 192A<br />
of <strong>the</strong> Act read with <strong>the</strong> Companies (Passing of <strong>the</strong> Resolutions<br />
by Postal Ballot) Rules, 2011.<br />
The Board of Directors of <strong>the</strong> Company, at its meeting had<br />
appointed Scrutinizers and Alternate Scrutinizers <strong>for</strong> conducting<br />
Postal Ballot in fair and transparent manner.<br />
During <strong>the</strong> year under report, <strong>the</strong> Company <strong>for</strong> <strong>the</strong> Postal Ballot<br />
Notice dated May 30, <strong>2012</strong> extended e-voting facility voluntarily<br />
<strong>for</strong> its individual members to enable <strong>the</strong>m to cast <strong>the</strong>ir vote<br />
electronically instead of dispatching physical Postal Ballot. The<br />
e-voting facility was first started by <strong>the</strong> Company with <strong>the</strong> Postal<br />
Ballot Notice dated November 15, 2010 in association with<br />
Central Depository Services (India) Limited (CDSL)<br />
However, with Postal Ballot Notice dated September 27, <strong>2012</strong><br />
<strong>the</strong> Company extended e-voting facility to all <strong>the</strong> members in<br />
compliance of Clause 35B of <strong>the</strong> Listing Agreement.<br />
The physical Postal Ballot <strong>for</strong>ms received were kept in boxes<br />
sealed by <strong>the</strong> Scrutinizers. In case of e-voting, <strong>the</strong> Scrutinizer<br />
kept a periodic watch on <strong>the</strong> e-voting results by logging on to <strong>the</strong><br />
website of CDSL i.e. www.evotingindia.com and <strong>the</strong> aggregate<br />
data of e-voting was compiled after <strong>the</strong> close of voting based on<br />
data received from CDSL.<br />
The declared result of <strong>the</strong> Postal Ballot was announced through<br />
newspaper and was also displayed on <strong>the</strong> website of <strong>the</strong><br />
Company, www.jalindia.com. Details of <strong>the</strong> same are given<br />
below:<br />
(a) Resolutions passed on July 14, <strong>2012</strong> (Notice dated<br />
May 30, <strong>2012</strong>)<br />
S. Particulars<br />
Details / Dates<br />
No.<br />
1. Date of Board Meeting May 30, <strong>2012</strong><br />
2. Scrutinizer appointed by <strong>the</strong> Board Ms. Sunita Mathur<br />
of Directors at its meeting F.C.S., Practising<br />
Company Secretary<br />
3. Alternate Scrutinizer appointed<br />
by <strong>the</strong> Board of Directors at its<br />
meeting<br />
4. Date of Notice seeking<br />
Shareholders’ approval<br />
5. Date of completion of Dispatch of<br />
Notice<br />
Ms. Deepti Srivastava<br />
A.C.S, Practising<br />
Company Secretary<br />
May 30, <strong>2012</strong><br />
June 11, <strong>2012</strong><br />
S. Particulars<br />
Details / Dates<br />
No.<br />
6. Last Date of receipt of duly filled July 11, <strong>2012</strong><br />
Postal Ballot Form<br />
7. Date of submission of Scrutinizer’s July 12, <strong>2012</strong><br />
report to <strong>the</strong> Chairman<br />
8. Date of declaration of Result July 14, <strong>2012</strong><br />
9. e-voting facility extended to ‘Individual’<br />
shareholders (o<strong>the</strong>r<br />
than Corporate/FI/<br />
FIIs, etc)<br />
10. Name of website www.evotingindia.<br />
com<br />
11. Total no. of votes exercised 3,389<br />
including e-vote<br />
12. Total e-vote exercised 159<br />
Particulars of Resolution Passed:<br />
Special<br />
1. Provide Security/Undertakings to IFCI Limited, a lender of<br />
<strong>Jaypee</strong> Sports International Limited (JPSI), a subsidiary of <strong>the</strong><br />
Company.<br />
2. Providing Security/Guarantee/Undertakings to lenders of<br />
Jaiprakash Power Ventures Limited (JPVL), a subsidiary of<br />
<strong>the</strong> Company.<br />
3. Providing security to lender of RPJ Minerals Private Limited<br />
(RPJM), an associate of <strong>the</strong> Company.<br />
4. Providing Security/ Guarantee/Undertakings to <strong>the</strong> lenders<br />
of Madhya Pradesh <strong>Jaypee</strong> Minerals Ltd. (MPJML), an<br />
associate of <strong>the</strong> Company.<br />
5. Raising of funds through Qualified Institutions Placement<br />
(QIP)/External Commercial Borrowings (ECBs) with rights<br />
of conversion into shares/Foreign Currency Convertible<br />
Bonds (FCCBs)/American Depository Receipts (ADRs)/<br />
Global Depository Receipts (GDRs)/Follow-on Public Offer<br />
(FPO)/Optionally or Compulsorily Convertible Redeemable<br />
Preference Shares (OCPS)/(CCPS) etc. pursuant to Section<br />
81 (1A) of <strong>the</strong> Companies Act, 1956.<br />
Ordinary<br />
6. Creation of restructured security in favour of a new Single<br />
Security Trustee to act <strong>for</strong> <strong>the</strong> benefit of <strong>the</strong> existing secured<br />
creditors, new secured creditors and as a Security Agent on<br />
behalf of <strong>the</strong> Debenture Trustees.<br />
7. Creation of Mortgage/Charge in favour of lenders/trustee(s).<br />
Voting Pattern<br />
Particulars Total Votes Total Valid<br />
Votes Cast<br />
Total Valid votes<br />
cast in favour of<br />
<strong>the</strong> Resolution<br />
Resolution 1 2,126,433,182 1,304,546,152 1,303,689,141<br />
(99.93%)<br />
Resolution 2 2,126,433,182 1,304,517,040 1,303,726,760<br />
(99.94%)<br />
Resolution 3 2,126,433,182 1,299,162,<strong>13</strong>6 1,298,285,750<br />
(99.93%)<br />
Resolution 4 2,126,433,182 1,304,507,771 1,303,640,497<br />
(99.93%)<br />
Total Valid votes<br />
cast against <strong>the</strong><br />
resolution<br />
857,011<br />
(0.07%)<br />
790,280<br />
(0.06%)<br />
876,386<br />
(0.07%)<br />
867,274<br />
(0.07%)<br />
31