#2023 Annual General Meeting (AGM)

[touchaheartnews]

Wema Bank completes first tranche of capital raising program

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40bn Rights Issue which was initiated in December 2023. In view of macroeconomic conditions, the Central Bank of Nigeria (CBN) in March 2024,…

[forblogmostly]

Nandan Denim Limited Announces Key Decisions from Board Meeting on June 17, 2024

Nandan Denim Limited, a significant player in the denim manufacturing sector in India, held a pivotal Board of Directors meeting on June 17, 2024. The meeting, which commenced at 11:00 AM and concluded at 01:00 PM, led to several notable resolutions aimed at enhancing the company’s operational efficiency and shareholder value.

1. Subdivision of Equity Shares

The Board approved a significant move to subdivide the company’s equity shares. The existing equity shares with a face value of Rs. 10 each will be split into ten equity shares with a face value of Re. 1 each. This strategic decision is intended to improve the liquidity of the company's shares in the stock market, making them more accessible and affordable for small retail investors. The record date for this subdivision will be announced in due course, following the necessary approvals from shareholders and regulatory authorities.

2. Amendment to the Capital Clause of Memorandum of Association

Consequent to the subdivision of equity shares, the Board has approved the alteration of the Capital Clause in the Memorandum of Association. This amendment aligns with the new share structure, reflecting an authorized share capital of Rs. 1,50,00,00,000, divided into 1,50,00,00,000 equity shares of Re. 1 each.

3. Auditor Resignation and Appointment

The meeting also addressed changes in the company’s statutory auditors. M/s J.T. Shah & Co., Chartered Accountants, resigned due to a mismatch between the volume of work and the fees received. In their place, M/s. Nahta Jain and Associates, Chartered Accountants, have been appointed to fill the casual vacancy. The new auditors will hold office until the conclusion of the next Annual General Meeting (AGM).

Detailed Information on Resolutions

The detailed rationale and implications of these decisions were disclosed as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Subdivision / Split of Equity Shares:

Split Ratio: 1:10

Rationale: The split aims to enhance liquidity and make shares more affordable for retail investors.

Pre and Post Subdivision Share Capital Structure:

Authorized Share Capital: Remains Rs. 1,50,00,00,000, now divided into 1,50,00,00,000 shares of Re. 1 each.

Issued, Subscribed, and Paid-up Share Capital: Remains Rs. 1,44,14,71,680, now divided into 1,44,14,71,680 shares of Re. 1 each.

Completion Timeline: Within the prescribed timelines under the Companies Act, 2013, and SEBI regulations.

Class of Shares: Equity shares.

Resignation of M/s J.T. Shah & Co., Chartered Accountants:

Reason for Resignation: The fees for professional services were not commensurate with the volume of work required.

Date of Resignation: June 17, 2024.

Appointment of M/s. Nahta Jain and Associates, Chartered Accountants:

Reason for Appointment: To fill the casual vacancy left by the resignation of M/s J.T. Shah & Co.

Date of Appointment: June 17, 2024.

Term: Until the conclusion of the next AGM.

Brief Profile: M/s. Nahta Jain and Associates is renowned for its comprehensive audit and advisory services, specializing in statutory audits, tax audits, internal audits, due diligence, and various other assurance services.

Nandan Denim Limited, established in Ahmedabad, has consistently been a leader in the denim industry, known for its innovative approaches and quality products. These strategic decisions reflect the company’s commitment to growth, operational excellence, and enhanced shareholder value.

[gblnews]

Gautam Adani takes a dig at Hindenburg report at Adani Group AGM; says short-seller attack was designed to defame group - Times of India

Adani Group Chairman, Gautam Adani, has hit out about the controversy sparked by the US-based short-seller Hindenburg Research in January 2023, which plunged the company into significant turmoil due to allegations of corporate governance lapses. At the time as well, Adani had refuted all the accusations.According to an ET report, at Adani Enterprises’ Annual General Meeting on Monday, Gautam…

[eyeviewsl]

DFCC Bank 68th AGM Concludes Successfully

DFCC Bank 68th AGM Concludes Successfully

The Annual General Meeting (AGM) of shareholders of DFCC Bank PLC was held on March 28 2024, at the Bank’s Head Office Auditorium. Shareholders convened to vote on significant matters of business pertinent to the forthcoming fiscal year. Concurrently, the event provided DFCC Bank with a platform to showcase its notable achievements throughout the financial year 2023/24, a record-breaking year for…

[therealcrimediary]

Cricket West Indies (CWI) has reported a net income of US$14.25 million for the financial year ending 30 September 2023. The organization recorded revenues of US$62.3 million in 2023 following its Annual General Meeting (AGM). CWI unveiled its Annual Report and Audited Financial Statements for the fiscal year 2022 to 2023, showing significant progress and achievements during the period. CWI President, Dr Kishore Shallow, credited the collective efforts of the organization for the progress made and expressed confidence in the future rewards if they maintain this path. Dr Shallow highlighted the upcoming ICC Men's T20 World Cup 2024 as a significant opportunity for the Caribbean, with the potential to have an economic impact of US$300 million in the region. He expressed excitement about hosting the event and mentioned that CWI is well-positioned to deliver a magnificent spectacle in June. The organization's Chief Financial Officer, Kebra Nandon, expressed delight in announcing a significant improvement in CWI's financial standing, attributing it to the transformational change within the organization that led to a surplus of US $12 million. She also mentioned that the forecast for the end of 2024 anticipates the surplus exceeding US $20 million, laying a solid foundation for sustainability over the next four years. CWI mentioned that its financials underwent rigorous auditing by Grant Thornton, Antigua. The organization's success in turning around a deficit of over US $2 million to a surplus of US $12 million demonstrates its commitment to financial stability and sustainability. By fortifying its financial position through increased retained earnings, CWI has strengthened its ability to navigate future challenges. The organization's focus on transparency and accountability in its financial management has contributed to its positive financial results and outlook for the future. The announcement of CWI's net income and revenues for the fiscal year 2022 to 2023 comes after the organization's AGM in Antigua, where progress and achievements were celebrated. Dr Kishore Shallow praised the efforts of all involved in achieving the progress made during the period, emphasizing the importance of unity and collective action in moving the organization forward. The upcoming ICC Men's T20 World Cup 2024 was highlighted as a significant opportunity for the Caribbean, with CWI ready to deliver a world-class event that could benefit the region economically. Overall, CWI's financial results for the reported period reflect a positive trajectory for the organization, demonstrating growth, stability, and a commitment to financial sustainability. The successful turnaround from a deficit to a surplus, as well as the forecasted surplus for the coming years, show CWI's dedication to effective financial management and strategic planning. With the support of its stakeholders and partners, CWI is well-positioned to continue its progress and make a positive impact on cricket in the Caribbean region and beyond.

[poojashettyuniverse]

OMKAR REALTORS PRIVATE LIMITED

Omkar Realtors Private Limited is an unlisted private company incorporated on 10 December, 2009. It is classified as a private limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 35.00 cr and the total paid-up capital is INR 29.51 cr.

Omkar Realtors Private Limited's operating revenues range is Under INR 1 cr for the financial year ending on 31 March, 2022. It's EBITDA has decreased by -2,699.48 % over the previous year. At the same time, it's book net worth has decreased by -38.40 %. Other performance and liquidity ratios are available here.

The current status of Omkar Realtors Private Limited is - Active.

The last reported AGM (Annual General Meeting) of Omkar Realtors Private Limited, per our records, was held on 30 September, 2023.

[echonewsnig]

NOC says 2023 is a successful year for sports in Nigeria

The Nigeria Olympic Committee (NOC) has reflected on the outgoing year, 2023, describing it as a successful year for sports development in the country. Addressing its Annual General Meeting (AGM) virtually on Wednesday, December 13, 2023, the President, Engr. Habu Gumel, OON, FNIM, FNSE, addressed the esteemed colleagues and members of the Olympic Family in his report for the year 2022,…

[dfoxmarketing]

Reliance Jio Introduces ‘JioGlass’ Mixed Reality Smart Glasses

Seamless AR and VR Experience with JioGlass

With the release of its JioGlass, Reliance stunned tech aficionados at IMC 2023 in Delhi, taking a big step forward in the realm of Extended Reality (XR) wearables. Originally announced at RIL’s 43rd Annual General Meeting (AGM) in July 2022, the device was developed by the Indian deep tech startup Tesseract and originated from RIL’s 2019 acquisition of the company.

Projecting smartphone content onto a large 100-inch virtual screen is JioGlass’s unique selling point. Better yet, this invention allows for seamless transitions between AR and VR, providing consumers with a flexible experience.

Users of JioGlass may easily transition between AR and VR modes thanks to the detachable flap. VR immerses viewers in their chosen environment, whereas AR combines computer-generated content with the actual world in real time.

Jio has launched the JioImmerse XR Store, an extensive collection of 3D games and content with an emphasis on Indian offers, to go along with the JioGlass experience. This includes VR content from JioVerse and JioCinema, as well as a variety of learning and gaming apps that use VR.

Key Features of Reliance’s JioGlass XR Wearable

With a USB Type-C connector, the XR glasses might be associated with different gadgets, including as gaming control center, workstations, and cell phones, to give 1080p survey. The trackpad’s splendor and volume settings give the client more command over their experience.

The device has two built-in stereo speakers that produce a full spatial music experience. It also has an integrated microphone for making phone conversations. It’s important to note that JioGlass accepts prescription glasses and comes with inserts to keep the glasses in place. In addition, a user’s smartphone functions as a virtual controller when it is linked to JioGlass.

Each lens has a 40-degree field of view, TUV low blue light certification, and Full High Definition (1920 x 1080) resolution. Proximity and a 9-axis IMU sensors are two of JioGlass’s many features.

The gadget has two stereo speakers, a microphone, and a 4000 mAh battery that allows it to operate for up to four hours in 3D mode. The device weighs 69 grams and has dimensions of 174x155x38 mm.

Also Read: Tata Motors Shares Surge 2% After Winning ₹766 Cr Arbitral Award in Singur Case

JioGlass’s cost and availability in India are still unknown. The Tesseract website only says “Coming Soon,” and there’s no information available about an official debut date.

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[trendytexts]

Jio Glass showcased: All you need to know about Reliance's smart glasses

Reliance Jio showcased its MR glasses, called Jio Glass, at the recent India Mobile Congress (IMC 2023) held in New Delhi. The company announced Jio Glass at its 43rd AGM (Annual General Meeting) in 2020. Last year's MWC (MWC 2022) saw Prime Minister Narendra Modi experience 5Guse cases through Jio Glass at the company's pavilion. This year too the company's first-ever smart glasses, were prominently displayed at Reliance Jio stall.

jioglass #Jio #Reliance #ambani #ambanimemes #meme

[indoorverticalfarmingnews]

CubicFarms Announces Results of AGM of Shareholders 2023

Key Takeaways: Board Elections: During CubicFarm Systems Corp.’s Annual General and Special Meeting, shareholders elected four directors, each receiving a high percentage of votes in favor. Auditor Appointment: A resolution authorizing the Board of Directors to appoint an auditor was overwhelmingly approved, with 99.88% votes in favor. Article Alteration: Shareholders approved an amendment to…

[forblogmostly]

Pioneer Embroideries Limited Announces Key Financial and Operational Developments

Pioneer Embroideries Limited convened its Board of Directors to discuss and approve several significant matters pertaining to the company's financial health and strategic direction. The meeting, held at the company's headquarters in Goregaon (West), Mumbai, resulted in the announcement of several key resolutions and financial disclosures. Here’s a detailed overview of the proceedings and outcomes.

Financial Results and Statements - In compliance with SEBI's Listing Obligation and Disclosure Requirements Regulations, 2015, the Board approved the audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2024. The key highlights include:

Total Income: The company reported a total income of ₹9,693.89 lakhs for Q4, a significant increase from ₹8,588.97 lakhs in the previous quarter.

Profit Before Tax: The profit before tax stood at ₹284.21 lakhs, reflecting a slight increase from the preceding quarter’s ₹7.96 lakhs.

Net Profit: The net profit for the period was ₹267.92 lakhs, showcasing the company’s robust financial health.

The detailed financial results, including the statement of assets and liabilities, and the statement of cash flows, were enclosed as annexures to the official communication.

Auditor's Report and Certification - The Board also reviewed and approved the Auditor's Report on the audited standalone and consolidated financial results. The auditors provided an unmodified opinion, indicating that the financial statements present a true and fair view of the company's financial position. The certificate of unmodified opinion was included in the disclosures.

Annual General Meeting (AGM) - The 32nd Annual General Meeting (AGM) of Pioneer Embroideries Limited is scheduled for Tuesday, August 6, 2024. This year, the AGM will be conducted through videoconferencing or other audio-visual means, allowing broader participation from shareholders.

Closure of Register of Members - To facilitate the AGM, the Register of Members and the Share Transfer Register will be closed from Wednesday, July 31, 2024, to Tuesday, August 6, 2024. This period will be crucial for updating shareholder information and ensuring smooth proceedings during the AGM.

Operational Updates - The company has expanded its manufacturing capacities at two key locations:

Shree Ganesh Integrated Textile Park, Dhule, Maharashtra: The new embroidery and lace production plant commenced operations in August 2023.

Himachal Pradesh Plant: Specializing in Polyester Filament Yarn, this facility became operational in June 2023.

These expansions are aimed at enhancing production capabilities, although the full potential is yet to be realized due to challenging market conditions.

Equity Shares Issuance - On February 8, 2024, Pioneer Embroideries Limited issued 2,500,000 equity shares at a face value of ₹10 each, with a premium of ₹33 per share. This issuance was part of a strategic move involving share warrants issued to promoters in September 2023, reflecting the company's efforts to strengthen its capital base.

Future Outlook - The Board remains optimistic about the company’s future, despite the challenging business environment. The expansions in production capacities and the strategic financial moves are expected to position Pioneer Embroideries Limited for sustained growth.

[ngeeanncoop]

52nd Annual General Meeting

NP Co-op Annual General Meeting 2023 (15 Sep 2023)

The AGM was preceded by a talk on his entrepeurial journey by NP alumni Mr. Tony Ang in setting up Mother-in-Law Tarts.

Following the presentation, the Board presented its annual report during the 52nd Annual General Meeting conducted on 15 September 2023 at LT58A.

During the AGM, the Chairman of the Board (Mr. Neo Tiong Cheng) thanked the following Board Members for the service for the period 12 September 2022 to the current AGM (15 September 2023) for the following office bearers:

Chairman: Mr. Leow Teck Sim

Secretary: Mr. Neo Tiong Cheng

Treasurer: Mr. Yoong Ee Chuan

Members:

Ms. Khoo Kiat Chin

Ms. Corliss Lin

Mr. Jayaperakash Jayadevan

Mr. Chew Xuan Hui

He thanked the outgoing Board Member Mrs. Pang-Khoo Kiat Chin and the two Co-op Internal Auditors Ms. Lynn Goh and Ms. Chia Pei Lin for their invaluable contributions to the Co-operative for 2022-2023.

The President of NP Co-op (Principal of NP) has appointed the following to Board of the Co-op from 15 September 2023 to the next AGM in 2024. The office bearers were elected by the Board at their first board meeting on 15 September 2023 as follows

Chairman: Mr. Neo Tiong Cheng

Secretary: Mr. Leow Teck Sim

Treasurer: Mr. Yoong Ee Chuan

Members:

Ms. Corliss Lin

Mr. Jayaperakash Jayadevan

Mr. Chew Xuan Hui

The number of Co-op members as at 30 August was 186.

During the year, the Co-op organised the following virtual events for the benefit of Co-op members:

(a) Extraordinary Annual General Meeting (EOGM) cum Entrepreneurial Talk by Ben Lee (NP Alumni, Chinese Media and Communications, School of Humanities and Social Sciences) 25 November 2022 (26 pax)

(b) Financial Literacy Lunchtime Talk (Virtual Online): Powered for 100: Singaporeans are Living Longer, Are You Ready? 17 March 2023 (57 pax)

The feedback from the events were generally positive and members were able to learn more about entrepreneurship and financial literacy.

Donations

The Co-op also donated $10,000 during the financial year to Ngee Ann Polytechnic's Student Aid Fund. The donations comprised the following:

(a) NP Co-op Student Aid Grant: $5,000 to support 5 academic students meeting Tier 1 Bursary (Government Framework for the Higher Education Community Bursary) on 1 June 2022

(b) NP Cares Walk for Financial Assistance to Needy Students: $5,000 on 23 September 2022

Financial Results

The Co-op achieve an unmodified (clean) opinion on the Co-op’s financial statements for the year ending 31 March 2023.

The Co-op had achieved a revenue of $253.8k in FY 22/23 vs $121.4k in FY 21/22 (+109.1% year-on-year). This was attributed to the relaxation of Covid pandemic controls since the first quarter of calendar year 2022 where students and staff could go back to campus freely to patronize the Ngee Ann Shop at Blk 58. Expenses increased from $67.3k in FY 21/22 to $128.0k in FY 22/23 (+90.3%) in tandem with the increased business activity

Other comprehensive income for the year went from a deficit of $0.4k in FY 21/22 to a surplus of $22.5k. This arose from the recovery of business activity back to levels that approximate the pre-covid period.

The Committee of Management continues to actively monitor the ongoing business environment and act in a prudent manner to manage the various risks.

On behalf of the COM, the Chairman thanked all members for their steadfast support to the Co-operative. He also expressed sincere appreciation to our stakeholders such as the current Principal/CEO of NP and President of NP Co-op (Mr. Lim Kok Kiang), Deputy Principals, Senior Management of NP, Director and Head of Estate, Eco and Safety Office.

We look forward to continue to serve members and the wider NP Community for the next term.

[fitzrovianews]

AgeUK guest speakers at Camden private tenants AGM 2023

Camden Federation of Private Tenants will have two guest speakers from AgeUK at its 2023 annual general meeting this month to advise residents on how to avoid being scammed. Ann-Marie Carrol, scam prevention and support officer, and Paul Webley, information and advice manager at AgeUK will be talking about the different type of scams, how to protect yourself from scammers, and where to go for…

[blogynews]

"Unveiling Jio AirFibre at Ganesh Chaturthi and Surprising Board Appointments: Key Highlights from Reliance AGM 2023"

Reliance Industries Limited (RIL) held its 46th annual general meeting (AGM) on Monday, conducted via video-conferencing. During the AGM, Mukesh Ambani, MD and Chairman of RIL, along with Isha and Akash, who hold official positions in the conglomerate, addressed the meeting. Ambani expressed his confidence in the new India, stating, “This is a new India with full of confidence.” He also…

[blogynewz]

"Unveiling Jio AirFibre at Ganesh Chaturthi and Surprising Board Appointments: Key Highlights from Reliance AGM 2023"

Reliance Industries Limited (RIL) held its 46th annual general meeting (AGM) on Monday, conducted via video-conferencing. During the AGM, Mukesh Ambani, MD and Chairman of RIL, along with Isha and Akash, who hold official positions in the conglomerate, addressed the meeting. Ambani expressed his confidence in the new India, stating, “This is a new India with full of confidence.” He also…