Gujarat Sidhee Cement Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2008, inter alia, has, subject to relevant approval, decided to extend the financial year of the Company from 31st March to 30th September, 2008. Accordingly, the current financial year will be for a period of 18 months i.e. April 01, 2007 to September 30, 2008.
Gujarat Sidhee Cement Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 28, 2008, inter alia, have passed the following special resolutions unanimously:
1. Re-appointment & Remuneration of Mr. Jay M Mehta as Executive Vice-Chairman of the Company from January 01, 2008 to December 31, 2008.
2. Re-appointment & Remuneration to Mr. M S Gilotra as Managing Director of the Company from January 01, 2008 to December 31, 2008.
3. Re-appointment & Remuneration of Mr. R K Poddar as Deputy Managing Director of the Company from January 01, 2008 to December 31, 2008.
Gujarat Sidhee Cement Ltd has informed BSE that there has been a breakdown in the Clinkerisation section of cement plant at Sidheegram. As a result the clinker production will be affected for few days. Consequently this would affect the operations of the Company during the current quarter. All efforts are being made to restore normalcy at the earliest.
However, the Company’s plant and machinery is adequately covered under insurance and necessary claim has been registered.
Gujarat Sidhee Cement Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 25, 2008, inter alia, to transact the following business:
1. Re-appointment of Mr. Jay M Mehta as ‘Executive Vice Chairman’ of the Company for the period commencing from January 01, 2008 to December 31, 2008, on remuneration, terms & conditions.
2. Re-appointment of Mr. M S Gilotra as ‘Managing Director’ of the Company for the period commencing from January 01, 2008 to December 31, 2008, on remuneration, terms & conditions.
3. Re-appointment of Mr. R K Poddar as ‘Deputy Managing Director’ of the Company for the period commencing from January 01, 2008 to December 31, 2008, on remuneration, terms & conditions.