WEBVTT 1 "Tech Support CDSL" (775124736) 00:00:00.000 --> 00:00:11.564 So we are on live now, you can start your proceedings. 2 "Hemal Patel" (3128903424) 00:00:11.564 --> 00:00:13.640 Manosa? 3 "MANOJKUMAR JAIN" (197129984) 00:00:13.640 --> 00:00:36.150 Yeah, we can start. Okay, it's my privilege to welcome you all at 33 annual general meeting of VMS industry Limited for the year those job is purchased. On behalf of the board of directors, I take this opportunity. 4 "MANOJKUMAR JAIN" (197129984) 00:00:36.150 --> 00:00:52.140 To present before you the highlights of our performance during the year under review. Today we have with us mr. Vinod Rana, independent director and chairperson of audit committee. 5 "MANOJKUMAR JAIN" (197129984) 00:00:52.140 --> 00:01:10.860 Miss Cathy Sha? Yes sir. Miss Cathy Sha, independent director and chairperson of stakeholder relationship committee. Miss Dhawan Nagar, independent director and chairperson of the nomination and remuneration committee. 6 "MANOJKUMAR JAIN" (197129984) 00:01:10.860 --> 00:01:26.880 And mr. Froze statutory auditor of the company is presenting Essensa and associates. Mr. scotoniser for the 33 annual general meeting and practicing company. 7 "MANOJKUMAR JAIN" (197129984) 00:01:26.880 --> 00:01:42.930 Secondary of the company, and mr. Amit Mandelia, the CFO of the company. Performance overview during this year, revenue from operation stood at 280 80000000. 8 "MANOJKUMAR JAIN" (197129984) 00:01:42.930 --> 00:01:59.280 As against two 660000000 in the immediate preceding years showing there is a growth in the turnover. Profit after tax that is packed, amounting to rupees 6.8 crores. 9 "MANOJKUMAR JAIN" (197129984) 00:01:59.280 --> 00:02:15.870 Other income stood at 4.7 40000000 in compared to 4.4 70000000 in the preceding years. Reserve and dividend, during the year the balance of profit carried forward from the earlier year was. 10 "MANOJKUMAR JAIN" (197129984) 00:02:15.870 --> 00:02:32.580 26.53 corrose after providing for dividend of 1.22 corrose, the accumulated surplus forwarded forwarded strength to the company and support in the future growth. 11 "MANOJKUMAR JAIN" (197129984) 00:02:32.580 --> 00:02:47.730 Corporate governance and compliance, we have continued to uphold the heights, highest standard of corporate governance, transparency and accountability in line with the requirement of the company's Act. 12 "MANOJKUMAR JAIN" (197129984) 00:02:47.730 --> 00:03:04.170 Those are thera and Future outlook of the company, the outlook for the ship recycling remains promising, supported by global trend of fleet revenue. 13 "MANOJKUMAR JAIN" (197129984) 00:03:04.170 --> 00:03:20.820 Structured environment regulation and the need for suitable recycling of the end of life of the vessel. With increasing compliance requirement under the Hong Kong international conventional rules for the safe and environment friendly. 14 "MANOJKUMAR JAIN" (197129984) 00:03:20.820 --> 00:03:35.880 Sound recycling of the ships and the vessel convention demand for organize and complaint ship recycling yard is expected to strengthen. Your company. 15 "MANOJKUMAR JAIN" (197129984) 00:03:35.880 --> 00:03:53.970 Being among the established where in the alarm recycler cluster is well positioned to benefit from those developments. We are continuously upgrading our infra infrastructure. 16 "MANOJKUMAR JAIN" (197129984) 00:03:53.970 --> 00:04:11.940 And process to align with international environment and safety standards. The focus will remain on enhancing greening and suitable recycling practice, strengthening our compliance and environmental. 17 "MANOJKUMAR JAIN" (197129984) 00:04:11.940 --> 00:04:29.009 Occupational health and safety norms leveraging steel recovery and sale opportunities arising from ship dismantling. Expanding capacity to handle larger vessel as global tonnage, supply for recycling increases. 18 "MANOJKUMAR JAIN" (197129984) 00:04:29.009 --> 00:04:44.789 Exploring value added segments like reconditioning and resale of record machinery equipments and spares. Acknowledgement. I wish to thank our employees for their hard work and education. 19 "MANOJKUMAR JAIN" (197129984) 00:04:44.789 --> 00:05:07.145 Our customer for their continuous loyalties and our shareholders for their unwearing trust. I also take this opportunity to thank to my fellow board members and their valuable guidance and support. Now, mr. Hemil Patel company Secretary will proceed with 33 annual general meeting resolution. Thank you, sir. 20 "Hemal Patel" (3128903424) 00:05:07.145 --> 00:05:26.129 Good afternoon, ladies and gentlemen, I Patel company secretary of BMS industry's limited. Warmly welcome you to all 33 annual general medical company, which is being held today through video conference in compliance with the provisional company set. 21 "Hemal Patel" (3128903424) 00:05:26.129 --> 00:05:46.129 2013 and MCA circular. As the requested forum is present, I called the meeting to order item number one adoption of financial statement notice to the related adoption of financial standalone financial statement of the company for the year ended 30 %. 22 "Hemal Patel" (3128903424) 00:05:46.129 --> 00:06:04.109 Smart 2025 together with the report of director and auditor reports there on. The resolution has set out in the notice is placed for approval. This resolution will be passed after considering evoting and scrutinizer reports. Item number two. 23 "Hemal Patel" (3128903424) 00:06:04.109 --> 00:06:20.819 Reappointment of director relate to the reappointment of madam Sangeeta Jen whole time director who retired by rotation and being eligible offer herself for reappointment. The resolutions as set out of in the notice is placed for approval. 24 "Hemal Patel" (3128903424) 00:06:20.819 --> 00:06:40.819 This resolution will be passed after considering evoting and scrutinizer report. Item number three, reappointment of statutory auditor related to the reappointment of a measures assign associate chartered accountant as a statutory auditor company. This resolution is set down in the notice is placed for approval. 25 "Hemal Patel" (3128903424) 00:06:40.819 --> 00:07:00.029 And this will be passed after considering evoting and related to the related party transaction with the item number four, seek the approval of a member for entering into related party transaction with the set out in the notice. 26 "Hemal Patel" (3128903424) 00:07:00.029 --> 00:07:16.349 This resolution is set out in the notice is based for approval, this resolution will pass after considering the reports. Item number five relates to the related party transaction with the limited. 27 "Hemal Patel" (3128903424) 00:07:16.349 --> 00:07:34.919 Six approval for members for entering into related party transaction with the transit with the measures VMS DMT limited is set out in the notice. This resolution set out in the notice is placed for approval. This resolution will be passed afternoon and scrutinizer report. 28 "Hemal Patel" (3128903424) 00:07:34.919 --> 00:07:50.909 Item number six, rectification of remediation of cost auditor. Relate to the rectification of remediation table to the cost auditor, the company as fixed by the board of director. This resolution is set out for the approval. 29 "Hemal Patel" (3128903424) 00:07:50.909 --> 00:08:09.359 This results after considering evoting and scrutinizer reports. Item number seven, approval under section 1805 relates to the approval of the member relates to the approval of the members by transaction limit under section 1805 of the company set 2013. 30 "Hemal Patel" (3128903424) 00:08:09.359 --> 00:08:25.919 This resolution is set out in the notices best for approval. This resolution will be considered after considering evoting and scrutinizer reports. Item number eight appointment of company's secretary auditor. 31 "Hemal Patel" (3128903424) 00:08:25.919 --> 00:08:43.769 Relate to the appointment of Umesh with an associate practicing company session as a staturary auditor of the company for the term of five years. This resolution is set out in the notice is placed for approval. This resolution will be passed after considering evoting and scrutinizer reports. 32 "Hemal Patel" (3128903424) 00:08:43.769 --> 00:09:00.689 Item number nine appointment of independent director related to the appointment of of Misterniagar been number 10874632 as a independent director company for a trump of five years. 33 "Hemal Patel" (3128903424) 00:09:00.689 --> 00:09:20.689 This resolution set out in the notices based for approval. This resolution will be passed after considering e voting and report. All the items of business as per the notice of AGM has been taken up, the resolutions will be considered as a past subject to the receive of the request voting through. 34 "Hemal Patel" (3128903424) 00:09:20.689 --> 00:09:42.599 Evoting and scrutinizer report. On behalf of board of director, I thank all the saler for their participant and continue support. I also thank the board members, auditor and employees for their valuable contribution to the growth of the company. I hear by declared the meeting as a close, stay safe and thank you. 35 "Hemal Patel" (3128903424) 00:09:42.599 --> 00:09:59.606 Now our there is a one request for speaker from Danish were Danismer. 36 "Tech Support CDSL" (775124736) 00:09:59.606 --> 00:10:03.662 You can ask your questions, please. 37 "Hemal Patel" (3128903424) 00:10:03.662 --> 00:10:08.101 Yeah. 38 "Dnyaneshwar K Bhagwat" (428558080) 00:10:08.101 --> 00:10:12.076 Hello, I'm audible sir. 39 "Hemal Patel" (3128903424) 00:10:12.076 --> 00:10:14.604 Hello? Yes yes sir. Thank you. 40 "Dnyaneshwar K Bhagwat" (428558080) 00:10:14.604 --> 00:10:29.519 Yes sir, thank you. 1st of all, good afternoon to all the board members. And 1st of all, as a outside, my name is thanks to Hemel Patel, mr. of company CS and mr. Manoj Kumar Jane for allowing me to speak in the AGM. 41 "Dnyaneshwar K Bhagwat" (428558080) 00:10:29.519 --> 00:10:49.519 So thanks to both of them. 1st of all, respected chairman board of director I should say thank to Heman Patel for sending me the soft copy as a hard copy of the AGM well in advance, which is full of information and easy to understand. So thanks to sir and his team. Secondly, the drafting of the drafting of the AGM copy it's very, very informa. 42 "Dnyaneshwar K Bhagwat" (428558080) 00:10:49.519 --> 00:11:07.828 You too excellent and again it is other rest to corporate norms. 3rd I support all the 4th about the financial part I don't have much question. The rest for coming festival, I wish good luck and bright future for coming festival. Thank you very much for allowing to speak. Thank you sir. Thank you sir. 43 "Tech Support CDSL" (775124736) 00:11:07.828 --> 00:11:14.377 Okay. 44 "Hemal Patel" (3128903424) 00:11:14.377 --> 00:11:20.466 Oh Karthik. 45 "Tech Support CDSL" (775124736) 00:11:20.466 --> 00:11:21.845 Yes sir. 46 "Hemal Patel" (3128903424) 00:11:21.845 --> 00:11:27.528 Oh, can we conclude this meeting now we can conclude this. 47 "Tech Support CDSL" (775124736) 00:11:27.528 --> 00:11:32.584 Is that speaker shareholders are over for only one speaker shareholder is. 48 "Hemal Patel" (3128903424) 00:11:32.584 --> 00:11:34.926 Yes sir. 49 "Tech Support CDSL" (775124736) 00:11:34.926 --> 00:11:43.146 Fine sir. With the permission of company secretary, we are concluding this meeting. Thank you all for joining. Thank you. 50 "MANOJKUMAR JAIN" (197129984) 00:11:43.146 --> 00:11:51.900 Thank you, thank you everyone. Thank you. Thank you.