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Should we start? Yeah. Good morning stay holders, I A K lab practicing company secretary. Welcome you all to the 44th annual general meeting of the stay holders of the Financial Services limited. Before I hand over to the chairman to start the proceedings of this AGM, I would like to highlight certain points here.
Due to COVID-19 pandemic, the Ministry of Corporate Affairs and the securities and the same board of India while their respective circulars have allowed companies to hold the AGM through video conferencing or other audio visual means up to 30th September 2024.
This AGM is accordingly been held through video conference in compliance with the surplus issued by the Ministry of Corporate Affairs and CB. Further, as per the said surplus, the requirement of sending the fistal copies of annual report for the financial year 2023.
2024 to the shareholders has been dispensed with. Accordingly, the annual reports for the financial year 2324, along with the notice of 44th AGM have been sent by electronic means only to all the shareholders whose email ids were registered with the company's register and share transfer agent.
Or deposteries. All the stay holders who have joined this meeting are by default being placed by the host on mute for conducting this meeting smoothly and seamlessly. Now I would like to request Mr., managing director of the company, to chair the meeting and start the process.
Evidence of this AGM.
I welcome you all to the 44th annual general meeting of the financial services limited. I acknowledge with sincere thanks the presence of other directors, auditors, scrutinizers, consultants senior employees, and all. Participation of shareholders through video conference is being renoved for the purpose of quorum as per the circular issued by MCA and section 103 of the companies that 2013. As the requested quorum is present, I call the meeting to order, I now request Mr. to provide general instructions to the shareholders regarding participation in this AGM.
Thank you chairman. Facility for joining this AGM through video conference or other audio visual means is made available for the stakeholders on a 1st term 1st serve basis. The register of directors and KMP, the register of contracts or arrangements has been made available electronically for inspection by the stakeholders during the AGM. For the stakeholders who have registered themselves as speaker stakeholder for the AGM, the floor will be open to ask questions or express their views.
Once announced by the honorable chairman. The moderator will facilitate this session once the chairman opens the floor for question and answer. On announcement by the moderator, the particular shareholder will be unmuted. Before speaking, shareholders are requested to click the webcam button. It maybe noted that the company.
Reserves the right to limit the number of members asking questions depending on the availability of time at the AGM. We would further like to request the stakeholders to limit their questions or views to 3 min. Stay Holders can also post their views or queries on the ask the question tab on their video conference screens during the AGM. In case members face any difficulty, they may reach out on the helpline numbers provided in the notice.
Now I would like to request the chairman to continue with the proceeds of the agium.
Notice of the 44th annual general meeting along with the annual report for the financial year 2020 03:24 was sent to the shareholders electronically. With your kind permission I shall take them as read. There is NO qualification observations or adverse remark in the statutory report report on the financial of the company on the financial of the company for the financial year 2020 03:24 and the secondary loyalty report.
Therefore, with your kind permission, I take these teratory reports and and the secretary report as read. I now take up the solution as said forth in the notice of the 44th annual general meeting Decision number one. Adoption of the audited financial statement of the company for the financially 31st March 2020.
Before along with the reports of the board of directors and auditors there on. Dilution two, appointment of a director in place of mr. Prakas who retires by rotation and being eligible offers himself for the appointment. In the next resolution since I am I'm interested, I request another director mr. Kamal Jan to share the meeting and take the relation forward.
Thank you chairman. Now I moved regulation number three as follows. Resolution number three. Reappointment of Mr. South as managing director of the company for that period of five years with the back from 30th of September 2024. Now I request chairman to place the chair and continue.
Show with the rest of the proceedings. Or.
Thank you mr. Jen. I now request Mr. to briefly holders regarding invoting process.
Thank you chairman. In compliance with the province of the companies at 2013 and CB listing regulations, the company had provided to all the stay holders holding sales as on the cutoff date of 18th September 2024, added in festival form or in the mitalized form, the facility to exercise the right to vote on resolutions as set out from item number one to item number three in the notice of the 44th AG and through remote evoting platform provided by CDSL. The remote evoting facility was available to stay holders from September 21.
2024 09:00 A.M. to September 2420 24 05:00 p.m.. Electronic voting facility at the AGM is being made available to enable members who have not tasked their votes through remote e voting to exercise their voting rights. The e voting windows shall be activated upon instructions by the chairman during the AGM proceedings. The members attending the meeting who have not tasked their vote.
By the motive voting can exercise the right at the meeting through electronic voting facility. Stay Holders can click on vote tab on the video conference screen to avail this feature. Stakeholders may please note that there will be NO voting by show of hands. Further since the meeting has been held through electronic mode, NO proposing and secondary of resolutions will be there. May I now request our chairman to continue with the proceedings of the AGM? Thank you.
Mr. Lab, the company has appointed Mr. Kumar lab, practicing company secretary to act as the scrutinizer for scotinizing the remote evoting and the e voting process at the Asian in a fair and transparent manner. The results will be declared on or before.
27 September 2024. Based on this report after considering the e voting done today by the members participating in the AGM and also the motive voting already done by the stakeholders, the results will be published by the companies on the company's website and will also be published with the.
The e voting windows shall now be activated for allowing the shareholders to vote during the shareholders have requested to vote by clicking on the e voting button visibly on your skin. Now I request you mr. Laura to invite the speaker shareholders one by one.
There is NO speaker involved and there is NO query received from any say holder to reply, and hence, the chairman may continue.
Shareholders may note may note that the e voting will be after 15 min from the conclusion of this meeting. Shareholders who have not cast their votes yet are requested to do so. Further I'm I authorized managing director of the company who declared the voting results and upload the results on the website of the stock stock exchange and publish on the company website within two working days from the end of the meeting. The reason as set forth in the notice shall be dimmed to be passed today.
Subject to recipi receipt of liquid numbers of boards. I thank all the shareholders for participating in this AGM. I also thank to all board members and auditors for their participation. I now request all the board members and auditors to roll off from the meeting and now we are by declare the proceeding of this AGM as closed. Thank you.
Thank you to the chair, the meeting stands concluded. Thank you all. Thank you. Host please stop the recording. Thank you host. Thank you everybody.