AGM Notice Of KEL

Document Summary

Kurlon Enterprise Limited will hold its 13th Annual General Meeting (AGM) on Wednesday, July 17, 2024, at 2.00 P.M (IST) through Video Conference ("VC") / Other Audio Visual Means ("OAVM"). The agenda includes both ordinary and special business items.

Ordinary Business:

1. Adoption of Financial Statements: To consider and adopt the audited Financial Statements, including Consolidated Financial Statements, for the Financial Year ended March 31, 2024, along with reports from the Board of Directors and auditors.
2. Appointment of Mr. Rahul Gautam: To re-appoint Mr. Rahul Gautam (DIN: 00192999) as a director, liable to retire by rotation. He is eligible and seeks re-appointment, based on performance evaluation and recommendation by the Nomination and Remuneration Committee.
3. Appointment of Statutory Auditors: To appoint M/s MSKA & Associates, Chartered Accountant (FRN: 105047W), as statutory auditors for a 5-year term, until the conclusion of the 17th AGM, with remuneration plus applicable taxes and out-of-pocket expenses as determined by the Audit Committee and approved by the Board.

Special Business:

4. Ratification of Remuneration of Cost Auditors: To ratify the remuneration of Rs. 1,75,000 per annum plus taxes and reimbursement of actual expenses to GNV & Associates, Cost Accountants (Firm Registration No.: 000150), for the financial year ending March 31, 2025.
5. Increase Authorization Limit of the Board: To increase the authorization limit of the Board u/s 180(1)(a) of the Act for sell/transfer/disposal of, properties or assets of the Company up to Rs. 250,00,00,000/-(Rupees Two Hundred Fifty Crores only).

The meeting will be held via VC/OAVM. Members who have not registered their email addresses should register/update the same. Institutional/Corporate Members are required to send a scanned copy of Board Resolution/Authorization, authorizing its representative to attend the AGM.

Instructions are provided for remote e-voting, which begins on Saturday, July 13, 2024, at 9:00 A.M. and ends on Tuesday, July 16, 2024, at 5:00 P.M. Shareholders holding securities in demat mode can vote through their demat account. Members are encouraged to join the Meeting through Laptops for better experience.

Statement Pursuant to Section 102(1) of the Companies Act, 2013:

• Item No. 3: Details the resignation of S. R. Batliboi & Associates, LLP Bangalore (FRN: 101049W/E300004) and the appointment of M/s. M S KA & Associates, Chartered Accountant (FRN: 105047W), as statutory auditors.
• Item No. 4: Details the appointment of M/s. GNV & Associates, Cost Accountants (Firm Registration No.000150), as the Cost Auditor.
• Item No. 5: Justification for increasing the authorization limit of the Board for the sell/transfer/disposal of company assets.

Annexure to the Notice:

• Provides details of Mr. Rahul Gautam, including his DIN, date of birth, qualifications, experience, and other directorships.