Sirpur Paper Mills: Outcome of AGM

The 78th AGM was held today on 29-09-2017 at the Registered office of the Company.
The Chairman at the out-set informed the Members about the order passed by NCLT, Hyderabad on 18-09-2017 regarding admission of application filed by the Operational Creditors for Insolvency Resolution Process and appointment of Mr. Mahadev Tirunagari as Interim Resolution professional under IBC Code, 2016 and introduced him to the Members.

The following Ordinary & Special items of the AGM Notice were transacted.

1. Re-appointment of Mr. Santosh Kumar Mantri (Din 07058339) as a Director, retire by rotation.

2. Ratification of appointment of Statutory Auditors.

3. Re-appointment of Mr. Veda Kumar Nimbagal (DIN: 07057101) as Executive Director & CEO for a further term of 2 years on the existing terms.

4. The 78th AGM was adjourned, sine die for placing the Audited Financial Statements etc., for the YE 31-03-2017, when ready for laying before the adjured AGM after giving due notice to the members.