[CONFIDENCE FUTURISTIC ENERGETECH LIMITED] [ANNUAL · PDF file confidence futuristic...

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  • [ANNUAL REPORT-2018-19]

    34TH ANNUAL GENERAL MEETING

    CONFIDENCE FUTURISTIC ENERGETECH LIMITED

    CIN:L74110DL1985PLC021328

    SATURDAY, THE 28TH DAY OF SEPTEMBER, 2019 AT 11.00 A.M.

    FLAT 515-A-6, BHIKAJI CAMA PLACE, NEW DELHI, DL - 110066

    [CONFIDENCE FUTURISTIC ENERGETECH

    LIMITED]

  • CFEL-ANNUAL REPORT - 2018-19 - INDEX

    SR. NO. PARTICULARS PAGE NO.

    01 Corporate Information 1

    02 Notice of Annual General Meeting 2

    03 Board’s Report and Annexure 7

    04 Certificate On Director's Non-Disqualification 28

    05 Declaration by MD 29

    06 Certificate of MD CEO CFO 30

    07 Standalone Financial Statement 31

    08 Proxy Form 56

    INDEX

  • CFEL-ANNUAL REPORT - 2018-19 - CORPORATE INFORMATION

    CORPORATE INFORMATION

    CONFIDENCE FUTURISTIC ENERGETECH LIMITED

    PARTICULARS DETAILS

    CIN L74110DL1985PLC021328

    DATE OF INCORPORATION 26/06/1985

    REGISTRATION NO. 021328

    REGISTERED OFFICE ADDRESS FLAT 515-A-6, BHIKAJI CAMA PLACE, NEW DELHI, DL – 110066.

    CORPORATE OFFICE ADDRESS 404, Satyam Apartment, 8 Wardha Road, Dhantoli, Nagpur, MH –

    440012.

    WEBSIT www. globeindustrials.com

    E- MAIL ID [email protected]/ www. [email protected]

    TEL. NO. (0712) 6652083, 7304320190

    1FAX -

    BOARD OF DIRECTORS Mr. Venkateshwar Parne Reddy

    Ms. Vandana Gupta

    Mr. Nitin Punamchand Khara

    Mr. Nishant Jagat Bhandari (Appointed w.e.f. 18/04/2019)

    Mr. Jarugula Siva Prasad

    Mr. Vaibhav Dedhia Pradeep

    COMPANY SECRETARY &

    COMPLIANCE OFFICER

    Ms. Prity Bhabhra

    STATUTORY AUDITORS M/s. Ganesh Adukia & Associates, Mumbai.

    REGISTRAR & SHARE TRANSFER

    AGENT

    Skyline Financial Services Pvt. Ltd.

    Unit:D-153A, 1st Floor, Okhla Industrial Area, Phase I, New Delhi,

    Delhi - 110020 011 - 64732681/ 88

    [email protected]/ [email protected]

    CORPORATE INFORMATION

    1

  • CFEL-ANNUAL REPORT - 2018-19 - NOTICE OF ANNUAL GENERAL MEETING

    NOTICE is hereby given that the Thirty Fourth (34th) Annual General Meeting of the Members of

    CONFIDENCE FUTURISTIC ENERGETECH LIMITED (CIN:L74110DL1985PLC021328) will be held on

    Saturday, the 28th day of September, 2019 at 11.00 A.M. at FLAT 515-A-6, BHIKAJI CAMA PLACE,

    NEW DELHI, DL - 110066 to transact the following businesses :-

    ORDINARY BUSINESS:

    Item No. 1 – Adoption of Financial Statements:

    To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the

    Financial Year ended 31st March, 2019 and the Reports of the Board of Directors and the Auditors

    thereon.

    Item No. 2 – Re-appointment of Director retiring by rotation:

    To appoint a Director in place of Mr. Venkateshwar Parne Reddy (DIN:06446233) who retires by

    rotation, and being eligible, offers himself for re-appointment.

    By the order of Board

    Place: Nagpur Confidence Futuristic Energetech Limited

    Dated: 02/09/2019 SD/-

    Nitin Khara

    (Director)

    NOTES:

    1. The explanatory statement pursuant to section 102 of the Companies Act, 2013, which sets out details

    relating to special business at the meeting, is annexed hereto.

    2. The book closure for the purpose of share transfers shall commence from 22/09/2019 to

    28/09/2019 (both days inclusive) for annual closing.

    3. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A

    PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER.

    4. A PROXY FORM IS ENCLOSED. PROXIES IN ORDER TO BE EFFECTIVE MUST BE RECEIVED AT THE

    REGISTERED OFFICE OF THE COMPANY NOT LESS THAN 48 HOURS BEFORE THE MEETING.

    5. A PERSON CAN ACT AS PROXY ON BEHALF OF MEMBERS NOT EXCEEDING FIFTY (50) AND

    HOLDING IN THE AGGREGATE NOT MORE THAN TEN PERCENT OF THE TOTAL SHARE CAPITAL OF

    THE COMPANY. THE INSTRUMENT OF PROXY IN ORDER TO BE EFFECTIVE, SHOULD BE DEPOSITED

    AT THE REGISTERED OFFICE OF THE COMPANY, DULY COMPLETED AND SIGNED, NOT LESS THAN

    48 HOURS BEFORE THE COMMENCEMENT OF THE MEETING. A PROXY FORM IS SENT HEREWITH.

    PROXIES SUBMITTED ON BEHALF OF THE COMPANIES, SOCIETIES ETC., MUST BE SUPPORTED BY

    AN APPROPRIATE RESOLUTION/AUTHORITY, AS APPLICABLE.

    6. To prevent fraudulent transactions, members are advised to exercise due diligence and notify the

    company of any change in address or demise of any member as soon as possible. Members are also

    advised not to leave their demat account(s) dormant for long. Periodic statement of holdings should be

    obtained from the concerned depository participant and holdings should be verified.

    7. The Securities and Exchange Board of India (SEBI) has mandated the submission of Permanent

    Account Number (PAN) by every participant in securities market. Members holding shares in electronic

    NOTICE OF 34TH ANNUAL GENERAL MEETING

    2

  • CFEL-ANNUAL REPORT - 2018-19 - NOTICE OF ANNUAL GENERAL MEETING

    form are, therefore, requested to submit the PAN to their depository participants with whom they are

    maintaining their demat accounts. Members holding shares in physical form can submit their PAN details

    to the company.

    8 Details under the applicable provisions of SEBI Listing Regulations with the stock exchange in respect

    of the directors seeking appointment/re-appointment at the annual general meeting, forms an integral

    part of the notice. The directors seeking re-appointment have furnished the requisite declarations for

    their re-appointment as Directors.

    9. Electronic copy of the annual report for 2018-19 is being sent to all the members whose email ids are

    registered with the company/depository participants(s) for communication purposes. For members who

    have not registered their email address, physical copies of the Annual Report for 2018-2019 is being sent

    in the permitted mode.

    10. Members may also note that the notice of the 34th Annual General Meeting and the Annual Report for

    2018-19 will also be available on the company’s website www.globeindustrials.com for their download.

    The physical copies of the aforesaid documents will also be available at the company’s registered office

    and corporate office in Nagpur for inspection during normal business hours on working days. Even after

    registering for e-communication, members are entitled to receive such communication in physical form,

    upon making a request for the same, by post free of cost. For any communication, the shareholders may

    also send requests to the company’s investor email id: [email protected]

    11. E-VOTING

    In compliance of the provisions of section 108 of the Companies Act, 2013 and rule 20 of the Companies

    (Management and Administration) Rules, 2014, the Company is pleased to provide members the facility

    to exercise their right to vote at the Thirty Fourth Annual General Meeting by electronic means and the

    business may be transacted through e-voting services provided by Central Depository Services Limited.

    The facility for voting through ballot paper shall also be made available at the meeting and members

    attending the meeting who have not already cast their vote by remote e-voting shall be able to exercise

    their right at the meeting.

    The members who have cast their vote by remote e-voting prior to the meeting may also attend the

    meeting but shall not be entitled to cast their vote again.

    The instructions for shareholders voting electronically are as under:

    (i) The voting period begins on Wednesday, 25th September, 2019 (9.00 A.M. IST) and ends on Friday,

    27th September, 2018 (5.00 P.M. IST). During this period shareholders of the Company, holding shares

    either in physical form or in dematerialized form, as on the cut-off date of 20th September, 2019 may

    cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.

    (ii) Shareholders who have already voted prior to the meeting date would not be entitled to vote at the

    meeting venue.

    (iii) The shareholders should log on to the e-voting website www.evotingindia.com.

    (iv) Click on Shareholders.

    (v) Now enter your User ID

    a. For CDSL: 16 digits beneficiary ID,

    b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

    c. Members holding shares in Physical Form should enter Folio Number registered with the Company.

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  • CFEL-ANNUAL REPORT - 2018-19 - NOTICE OF ANNUAL GENERAL MEETING

    (vi) Next enter the Image Verification as displayed and Click on Login.

    (vii) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an

    earlier voting of any company, then your existing password is to be used.

    (viii) If you are a first time user follow the steps given below:

    For Members holding shares in Demat Form and Physical Form

    PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable

    for both demat shareho