Notice of 20th Annual General Meeting 2013-14
Contents
1. such as variation of rights of holders of different classes of shares Section 48 reduction of share capital Section 66 compromises arrangements and amalgamations Chapter XV prevention of oppression and mismanagement Chapter XVI revival and rehabilitation of sick companies Chapter XIX winding up Chapter XX and certain other provisions including inter alia relating to Investor Education and Protection Fund Section 125 and valuation by registered valuers Section 247 However substantive sections of the Act which deal with the general working of companies stand notified With the coming into force of the Act several regulations of the existing AoA of the Company require alteration or deletions in several articles Given this position it is considered expedient to wholly replace the existing AoA by a new set of Articles The new AoA to be substituted in place of the existing AoA are based on Table F of the Act which sets out the model Articles of Association for a company limited by shares Shareholder s attention is invited to certain salient provisions in the new draft AoA of the Company viz a Company s lien now extends also to bonuses declared from time to time in respect of shares over which lien exists b the nominee s of a deceased sole member are recognized as having title to the deceased s interest in the shares c new provisions regarding application of funds from reserve accounts when amount2. 43299 for the office of Director of the Company The Company has also received declaration from Mr Bharmal Lodha DIN NO 00043299 that he meets with the criteria of independence as prescribed both under sub section 6 of Section 149 of the Act and Rules made thereunder and under clause 49 for the Listing Agreement In the opinion of the Board Mr Bharmal Lodha DIN NO 00043299 fulfils the conditions for appointment as Independent Directors as specified in the Act and the Listing agreement Mr Bharmal Lodha DIN NO 00043299 is independent of the management of the Company Mr Bharmal Lodha DIN NO 00043299 is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act 2013 and has given his consent to act as a Director Your directors recommend the resolution at item no 6 for your approval Mr Bharmal Lodha DIN NO 00043299 is interested in the resolution since it pertains to his appointment None of the other directors or key managerial personnel of the Company or their relatives are in any way concerned or interested in the said resolution ITEM NO 7 Shri Hasmukh Balkrishna Gandhi DIN 00009153 Director retires by rotation at the forthcoming Annual General Meeting In terms of Section 149 10 of the Act an Independent Director may be appointed by a Company for a consecutive period of 5 years It is therefore proposed that Shri Hasmukh Balkrishna Gandhi DIN 00009153 be appoin
3. AT pursuant to the provisions of Sections 149 150 and 152 of the Companies Act 2013 read with Companies Appointment and Qualification of Directors Rules 2014 and Schedule IV Code of Independent Director and all other applicable provisions of the Companies Act 2013 and any statutory modifications or re enactments thereof for the time being in force and Clause 49 of the Listing agreement and any statutory modifications thereof for the time being in force Shri Hasmukh Balkrishna Gandhi DIN 00009153 whose term expires at this Annual General Meeting and in respect of whom the Company has received a notice from a member under Section 160 of the Companies Act 2013 signifying his intention to propose Shri Hasmukh Balkrishna Gandhi DIN 00009153 as a candidate for the office of Director of the Company be and is hereby appointed as an Independent Director of the Company for a term of 5 five consecutive years with effect from 30 September 2014 upto 31st March 2019 To appoint Shri Milind Hasmukh Gandhi DIN 03216254 as an Independent Director and in this regard to consider and if thought fit to pass with or without modification s the following resolution as an Ordinary Resolution RESOLVED THAT pursuant to the provisions of Sections 149 150 and 152 of the Companies Act 2013 read with Companies Appointment and Qualification of Directors Rules 2014 and Schedule IV Code of Independent Director and all other applicable provisio
4. CTOR OF THE COMPANY To appoint Mr Bharmal Lodha DIN 00043299 as an Independent Director and in this regard to consider and if thought fit to pass with or without modification s the following resolution as an Ordinary Resolution RESOLVED THAT pursuant to the provisions of Sections 149 150 152 read with Schedule IV and all other applicable provisions of the Companies Act 2013 and the Companies Appointment and Qualification of Directors Rules 2014 including any statutory modification s or re enactment thereof for the time being in force and Clause 49 of the Listing Agreement Mr Bharmal Lodha DIN 00043299 who was appointed as an Additional Director pursuant to the provisions of Section 161 1 of the Companies Act 2013 and the Articles of Association of the Company and who holds office up to the date of this Annual General Meeting and in respect of whom the Company has received a notice in writing under Section 160 of the Companies Act 2013 from a member proposing his candidature for the office of Director be and is hereby appointed as an Independent Director of the Company to hold office for 5 five consecutive years for a term up to 31st March 2019 To appoint Shri Hasmukh Balkrishna Gandhi DIN 00009153 as an Independent Director and in this regard to consider and if thought fit to pass with or without modification s the following resolution as an Ordinary Resolution GLANCE FINANCE LTD RESOLVED TH
5. GLANCE FINANCE LTD NOTICE NOTICE is hereby given that the Twentieth Annual General Meeting of GLANCE FINANCE LIMITED will be held at Azad Mahila Sangh Plot No 91 Road No 25 Sion West Mumbai 400 022 on Tuesday 30th September 2014 at 09 00 A M to transact the following business ORDINARY BUSINESS 1 Toreceive consider approve and adopt the Audited Financial Statements for the year ended as on 31st March 2014 the Directors Report and Auditors Report thereon To declare Dividend on Equity Shares 0 75 per equity share i e 7 5 To appoint a Director in place of Shri Tushar Agarwal DIN 0043184 who retires by rotation and being eligible offers himself for re appointment To re appoint Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the Twenty Third Annual General Meeting of the Company and to fix their remuneration and for that purpose to pass the following Resolution which will be proposed as an Ordinary Resolution RESOLVED THAT pursuant to the provisions of Section 139 144 and other applicable provisions if any of the Companies Act 2013 M s P K J amp Co Firm Registration No 124115W the retiring Statutory Auditors be and are hereby re appointed as the Statutory Auditors of the Company for a period of three 3 years upto the conclusion of the Twenty Third Annual General Meeting of the Company subject to ratification of the appointment by
6. cation including Annual Report Notices Circulars etc from the Company electronically All documents referred to in the Notice and the Explanatory Statement shall be open for inspection at the Registered Office of the Company during office hours on all working days except Saturdays between 11 00 a m to 1 00 p m up to and including the date of the Annual General Meeting E Voting The Company is pleased to provide E voting facility through Central Depository Services India Limited CDSL as an alternative for all members of the Company to enable them to cast their votes electronically on the resolutions mentioned in the notice of 20 Annual General Meeting of the Company dated on 30 September 2014 the AGM Notice The Company has appointed Dr S K Jain Practicing Company Secretary as the Scrutinizer for conducting the e voting process in a fair and transparent manner E voting is optional Voting through electronic means In compliance with 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 facility to exercise their right to vote at the Annual General Meeting AGM by electronic means and the business may be transacted through e Voting Services provided by Central Depository Services Limited CDSL The instructions for members voting electronically are as under In case of memebrs receiving e mail Log on to
7. ctor Date of Appointment 28 10 2013 List of Limited Companies in which outside NIL Directorship held as on 31 03 2014 Chairman Member of the Committees NIL of the Boards of the other Companies in which he is a Director Name of Director Mr Tushar Agarwal Date of Appointment 01 02 1996 Expertise in specific functional areas Taxation Finance amp Banking ist of Limited Companies in which outside 2 Directorship held as on 31 03 2014 Chairman Member of the Committees NIL of the Boards of the other Companies in which he is a Director 11 GLANCE FINANCE LTD EXPLANATORY STATEMENT PURSUANT TO SECTION 102 1 OF THE COMPANIES ACT 2013 Item No 5 The Articles of Association AOA of the Company as presently in force were replaced w e f 28t September 1994 from what they were when the Company was incorporated on 21 September 1994 The existing AoA are based on the Companies Act 1956 and several regulations in the existing AoA contain references to specific sections of the Companies Act 1956 and some regulations in the existing AoA are no longer in conformity with the Act The Act is now largely in force On September 12 2013 the Ministry of Corporate Affairs MCA had notified 98 Sections for implementation Subsequently on March 26 2014 MCA notified most of the remaining Sections barring those provisions which require sanction confirmation of the National Company Law Tribunal Tribunal
8. dent of the management of the Company Shri Hasmukh Balkrishna Gandhi DIN 00009153 is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act 2013 and has given his consent to act as a Director Your directors recommend the resolution at item no 7 for your approval Shri Hasmukh Balkrishna Gandhi DIN 00009153 is interested in the resolution since it pertains to his appointment None of the other directors or key managerial personnel of the Company or their relatives are in any way concerned or interested in the said resolution ITEM NO 8 Shri Milind Hasmukh Gandhi DIN 03216254 Director retires by rotation at the forthcoming Annual General Meeting In terms of Section 149 10 of the Act an Independent Director may be appointed by a company for a consecutive period of 5 years It is therefore proposed that Shri Milind Hasmukh Gandhi DIN 03216254 be appointed as an Independent Director of the Company for a consecutive period of 5 years at the forthcoming Annual General Meeting for a term up to the conclusion of the 25 Annual General Meeting of the company in the calendar year 2019 Shri Milind Hasmukh Gandhi DIN 03216254 is Bachelor of Commerce and Fellow Chartered Accountant and in Chartered Accountancy practice since GLANCE FINANCE LTD year 1990 Shri Milind Hasmukh Gandhi DIN 03216254 is director in 1 public limited Company He is not related to promoters or persons occ
9. eting held on 28 October 2013 Mr Bharmal Lodha DIN 00043299 holds office upto the date of this Annual General Meeting The Company has received a Notice in writing under Section 160 of the Act from a Member proposing Mr Bharmal Lodha DIN 00043299 as a Director of the Company along with a deposit of Rs 1 00 000 which will be refunded to such Member if Mr Bharmal Lodha is elected as a Director In terms of Section 149 10 of the Act an Independent Director may be appointed by a company for a consecutive period of 5 years It is therefore proposed that Mr Bharmal Lodha DIN NO 00043299 be appointed as an Independent Director of the Company for a consecutive period of 5 years at the forthcoming Annual General Meeting for a term up to the conclusion of the 25 Annual General Meeting of the company in the calendar year 2019 Mr Bharmal Lodha DIN NO 00043299 is the son of Shri Rewatmal Lodha He is B Com and has very good knowledge about the industry He is a member GLANCE FINANCE LTD of the Audit Committee Nomination and Remuneration Committee and Stakeholder Grievance Committee of the Board He is not related to promoters Or persons occupying management positions at the Board level or at one level below the Board The Company has received a notice in writing from a member along with the deposit of requisite amount of Rs 1 Lakh under Section 160 of the Act proposing the candidature of Mr Bharmal Lodha DIN NO 000
10. f the Company carrying voting rights may appoint a single person as proxy and such person shall not act as a proxy for any other shareholder In case of joint holders attending the Meeting only such joint holder who is higher in the order of names will be entitled to vote The Explanatory Statement pursuant to Section 102 1 of the Companies Act 2013 relating to the Special Business to be transacted at the Meeting is annexed hereto a The Company has notified closure of Register of Members and Share Transfer Books from Monday September 22 2014 to Tuesday September 30 2014 both days inclusive for determining the names of members eligible for dividend on Equity Shares if declared at a meeting b The dividend on Equity Shares if declared at the Meeting will be credited dispatched between October 6 2014 and October 29 2014 to those members whose names shall appear on the Company s Register of Members on September 21 2014 in respect of the shares held in dematerialized form the dividend will be paid to members whose names are furnished by National Securities Depository Limited and Central Depository Services India Limited as beneficial owners as on that date Members holding shares in electronic form may note that bank particulars registered against their respective depository accounts will be used by the Company for payment of dividend The Company or its Registrars and Transfer Agents M s Link Intime India Private Li
11. hen you can use your existing user ID and password for casting your vote You can also update your mobile number and e mail id in the user profile details of the folio which may be used for sending future communication s The e voting starts from 22 09 2014 to 24 09 2014 both days inclusive from 9 00 a m to 5 00 p m On E voting day shareholders of the Company holding shares either in physical form or in dematerialized form as on the cut off date record date of 22 08 2014 may cast their vote electronically The e voting module shall be disabled by CDSL thereafter Once the vote on a resolution is cast by the shareholder the shareholder shall not be allowed to change it subsequently The Voting rights of the Shareholders shall be in proportion to their shares of the paid up equity share capital of the Company as on the Cut off date record date of 22 08 2014 Dr S K Jain Practicing Company Secretary Membership No 1473 and Proprietor of S K Jain and Company has been appointed as the Scrutinizer to scrutinize the e voting process in a fair and transparent manner The Scrutinizer shall within a period of not exceeding three 3 working days from the conclusion of the e Voting period unlock the votes in the presence of at least two 2 witnesses not in the employment of the Company and make a Scrutinizer s Report of the votes cast in favour or against if any forthwith to the Chairman of the Company The Results sha
12. ing their copy of Annual Report in the Meeting By order of the Board of Directors For GLANCE FINANCE LIMITED Tushar Agarwal Whole Time Director DIN 00043184 Place Mumbai Dated 21st August 2014
13. ll be declared on or after the Annual General Meeting of the Company The Results declared alongwith the Scrutinizer s Report shall be placed on the Company s website and on the website of CDSL within two 2 days of passing of the resolutions at the Annual General Meeting of the Company and communicated to the BSE Limited All documents referred to in the Notice and the Explanatory Statement shall be open for inspection at the Registered Office of the Company during office hours on all working days except Saturdays between 11 00 a m to 1 00 p m up to the date of declaration of the result of the Annual General Meeting of the Company GLANCE FINANCE LTD ANNEXURE TO NOTICE DETAILS OF DIRECTORS SEEKING APPOINTMENT RE APPOINTMENT IN THE FORTHCOMING ANNUAL GENERAL MEETING In pursuance of Clause 49 of the Listing Agreements Name of Director List of Limited Companies in which outside 2 Directorship held as on 31 03 2014 Chairman Member of the Committees NIL of the Boards of the other Companies in which he is a Director Name of Director Mr Milind Gandhi Date of Appointment 18 07 2013 Expertise in specific functional areas Chartered Accountant in Practice since 1990 Qualifications B Com FCA List of Limited Companies in which outside 1 Directorship held as on 31 03 2014 NIL Chairman Member of the Committees of the Boards of the other Companies in which he is a Director GLANCE FINANCE LTD Name of Dire
14. mber and Client ID Number to facilitate their identification for recording attendance at the forthcoming Annual General Meeting Members holding shares in single name and physical form are advised to make nomination in respect of shareholding in the Company Members can avail of the Nomination facility by filing Form SH 13 with the Company or its Registrar Blank forms will be supplied on request In case of shares held in Demat form the nomination has to be lodged with their DP Members who hold shares in physical form in multiple folios in identical names or joint holding in the same order of names are requested to send the share certificates to M s Link Intime India Private Limited for consolidation into a single folio 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 form are therefore requested to submit the PAN to their Depository Participants with whom they are maintaining their demat accounts s Members holding shares in physical form can submit their PAN details to M s Link Intime India Private Limited Formerly known as Intime Spectrum Registry Limited C 13 Pannalal Silk Mills Compound LBS Marg Bhandup West Mumbai 400 078 GLANCE FINANCE LTD 14 Members who have not registered their e mail addresses so far are requested to register their e mail address for receiving all communi
15. mited Formerly known as Intime Spectrum Registry Limited cannot act on any request received directly from the members holding shares in electronic form for any change of bank particulars or bank mandates Such changes are to be advised only to the Depository GLANCE FINANCE LTD Members holding shares in physical form are requested to notify changes in address if any to the Registrars of the Company immediately quoting their folio numbers Members holding shares in dematerialized form should send the above information to the respective Depository Participants Members are requested to quote their Registered Folio Nos on all correspondence with the Company Members desirous of getting any information in relation to the Company s Annual Report 2013 14 are requested to address their query ies well in advance i e at least 10 days before the Meeting to the Secretary of the Company to enable the Management to keep the information readily available at the Meeting Corporate Members intending to send their authorised representatives to attend the Meeting are requested to send a certified copy of the Board Resolution authorizing their representative to attend and vote on their behalf at the Meeting Members Proxies should bring the attendance slip duly filled in for attending the Meeting The Attendance slip is sent with this Annual Report Members who hold shares in Electronic Form are requested to bring their Depository ID Nu
16. ns of the Companies Act 2013 and any statutory modifications or re enactments thereof for the time being in force and Clause 49 of the Listing agreement and any statutory modifications thereof for the time being in force Shri Milind Hasmukh Gandhi DIN 03216254 whose term expires at this Annual General Meeting and in respect of whom the Company has received a notice from a member under Section 160 of the Companies Act 2013 signifying his intention to propose Shri Milind Hasmukh Gandhi DIN 03216254 as a candidate for the office of Director of the Company be and is hereby appointed as an Independent Director of the Company for a term of 5 five consecutive years with effect from 30 September 2014 to 31st March 2019 By order of the Board of Directors For GLANCE FINANCE LIMITED Tushar Agarwal Whole Time Director DIN 00043184 Place Mumbai Dated 21st August 2014 GLANCE FINANCE LTD NOTES A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER The Proxy Form MGT 11 should be lodged with the Company at the Registered Office at least 48 hours before the time of the Meeting A person can act as a proxy on behalf of members not exceeding fifty and holding in the aggregate not more than ten percent of the total share capital of the Company carrying voting rights A member holding more than ten percent of the total share capital o
17. or in the Company records for the said demat account or folio in dd mm yyy format Dividend Enter the Dividend Bank Details as recorded in your demat account Bank Details or in the Company records for the said demat account or folio e Please enter the DOB or Dividend Bank Details in order to login If the details are not recorded with the depository or Company please enter the number of shares held by you as on the cut off date in the Dividend Bank details field viii After entering these details appropriately click on SUBMIT tab ix Members holding shares in physical form will then reach directly the Company selection screen However members holding shares in demat form will now reach Password Creation menu wherein they are required to mandatorily enter their login password in the new password field Kindly note that this password is also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote provided that company opts for w voting through CDSL platform It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential For Members holding shares in physical form the details can be used only for e voting on the resolutions contained in this Notice Click on the EVSN for the relevant lt Company Name gt on which you choose to vote ii On the voting page you will see RESOLUTION DESCRIPTION and again
18. s in reserve accounts are to be capitalized GLANCE FINANCE LTD d new provisions relating to appointment of chief executive officer and chief financial officer in addition to manager and company secretary existing articles have been streamlined and aligned with the Act the statutory provisions of the Act which permit a company to do some acts if so authorized by its articles or provisions which require a company to do acts in a prescribed manner unless the articles otherwise provide have been specifically included and g provisions of the existing AoA which are already part of statute in the Act have not been reproduced in the new draft AoA as they would only lead to duplication their non inclusion makes the new AoA crisp concise and clear and aids ease of reading and understanding The proposed new draft AoA is being uploaded on the Company s website for perusal by the shareholders None of the Directors Key Managerial Personnel of the Company their relatives are in any way concerned or interested financially or otherwise in the Special Resolution set out at Item No 5 of the Notice The Board commends the Special Resolution set out at Item No 5 of the Notice for approval by the shareholders Item No 6 Pursuant to Section 161 of the Companies Act 2013 the Act Mr Bharmal Lodha DIN 00043299 was appointed as an Additional Director on the Board of the Company in the Board of Directors Me
19. st the same the option YES NO for voting Select the YES or NO as desired The option YES implies that you assent to the Resolution GLANCE FINANCE LTD and option NO implies that you dissent to the Resolution Click on the RESOLUTIONS FILE LINK if you wish to view the entire Resolution details iv After selecting the resolution you have decided to vote on click on SUBMIT A confirmation box will be displayed If you wish to confirm your vote click on OK else to change your vote click on CANCEL andaccordingly modify your vote Once you CONFIRM your vote on the resolution you will not be allowed to modify your vote i You can also take out print of the voting done by you by clicking on Click here to print option on the Voting Page If Demat account holder has forgotten the changed password then Enter the User ID and the image verification code and click on Forgot Password amp enter the details as prompted by the system Institutional shareholders i e members other than individuals HUF NRIs etc are also required to log on to https www evotingindia co in and register themselves as Corporates They should submit a scanned copy PDF JPG format of the Registration Form bearing the stamp and sign of the entity to helpdesk evoting cdslindia com After receiving th login details they have to create a user who would be able to link the account s which they wish to vote on The list of accoun
20. ted as an Independent Director of the Company for a consecutive period of 5 years at the forthcoming Annual General Meeting for a term up to the conclusion of the 25 Annual General Meeting of the company upto 31 March 2019 Shri Hasmukh Balkrishna Gandhi DIN 00009153 holds degree in law and has very good knowledge about the industry He is the Director of other two GLANCE FINANCE LTD public limited companies He is a member of the Audit Committee Nomination Stakeholder Grievance Committee and Remuneration Committee of the Board He is not related to promoters or persons occupying management positions at the Board level or at one level below the Board The Company has received a notice in writing from a member along with the deposit of requisite amount of Rs 1 Lakh under Section 160 of the Act proposing the candidature of Shri Hasmukh Balkrishna Gandhi DIN 00009153 for the office of Director of the Company The Company has also received declaration from Shri Hasmukh Balkrishna Gandhi DIN 00009153 that he meets with the criteria of independence as prescribed both under sub section 6 of Section 149 of the Act and Rules made thereunder and under clause 49 for the Listing Agreement In the opinion of the Board Shri Hasmukh Balkrishna Gandhi DIN 00009153 fulfils the conditions for appointment as Independent Directors as specified in the Act and the Listing agreement Shri Hasmukh Balkrishna Gandhi DIN 00009153 is indepen
21. the e voting website www evotingindia com Click on Shareholders tab Now select the COMPANY NAME from the drop down menu and click on SUBMIT 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 Next enter the Image Verification as displayed and Click on Login 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 GLANCE FINANCE LTD vii If you are a first time user follow the steps given below For Members holding shares in Demat Form and Physicial Form Enter your 10 digit alpha numeric PAN issued by Income Tax Department Applicable for both demat shareholders as well as physical shareholders e Members who have not updated their PAN with the Company Depository Participant are requested to use the first two letters of their name and the last 8 digits of the demat account folio number in the PAN field In case the folio number is less than 8 digits enter the applicable number of 0 s before the number after the first two characters of the name in CAPITAL letters Eg If your name is Ramesh Kumar with folio number 100 then enter RA00000100 in the PAN field Enter the Date of Birth as recorded in your demat account
22. the members at every Annual General Meeting held after this Annual General Meeting that the Board of Directors of the Company be and is hereby authorised to fix their remuneration for the said period and re imbursement of actual out of pocket expenses as may be incurred in the performance of their duties SPECIAL BUSINESS 5 To adopt new Articles of Association of the Company containing regulations in conformity with the Companies Act 2013 and in this regard to consider and if thought fit to pass with or without modification s the following resolution as a Special Resolution GLANCE FINANCE LTD RESOLVED THAT pursuant to the provisions of Section 14 and all other applicable provisions of the Companies Act 2013 read with Companies Incorporation Rules 2014 including any statutory modification s or re enactment thereof for the time being in force the draft regulations contained in the Articles of Association submitted to this meeting be and are hereby approved and adopted in substitution and to the entire exclusion of the regulations contained in the existing Articles of Association of the Company RESOLVED FURTHER THAT the Board of Directors of the Company be and are hereby authorised to do all acts and take all such steps as may be necessary proper or expedient to give effect to this resolution CHANGE IN DESIGNATION OF MR BHARMAL LODHA DIN 00043299 FROM ADDITIONAL INDEPENDENT DIRECTOR TO INDEPENDENT DIRE
23. ts should be mailed to helpdesk evoting cdslindia com and on approval of the accounts they would be able to cast their vote They should upload a scanned copy of the Board Resolution and Power of Attorney POA which they have issued in favour of the Custodian if any in PDF format in the system for the scrutinizer to verify the same In case of members receiving the physical copy Please follow all steps from sl no i to sl no xvii above to cast vote The voting period begins on lt Date and Time gt and ends on lt Date and Time gt During this period shareholders of the Company holding shares either in physical form or in dematerialized form as on the cut off date record date of lt Record Date gt may cast their vote electronically The e voting module shall be diabled by CDSL for voting thereafter In case you have any queries or issues regarding e voting you may refer the Frequently Asked Questions FAQs and e voting manual available at www evotingindia co in under help section or write an email to helpdesk evoting cdslindia com EVEN E Voting Event Number USER ID PASSWORD PIN Please follow Sr No i To Sr No xvii Above to cast vote GLANCE FINANCE LTD In case of any queries you may refer the Frequently Asked Questions FAQs for Shareholders and e voting user manual for Shareholders available at the Downloads section of www evoting cdsI com If you are already registered with CDSL for e voting t
24. upying management positions at the Board level or at one level below the Board The Company has received a notice in writing from a member along with the deposit of requisite amount of Rs 1 Lakh under Section 160 of the Act proposing the candidature of Shri Milind Hasmukh Gandhi DIN 03216254 for the office of Director of the Company The Company has also received declaration from Shri Milind Hasmukh Gandhi DIN 03216254 that he meets with the criteria of independence as prescribed both under sub section 6 of Section 149 of the Act and Rules made thereunder and under clause 49 for the Listing Agreement In the opinion of the Board Shri Milind Hasmukh Gandhi DIN 03216254 fulfils the conditions for appointment as Independent Directors as specified in the Act and the Listing agreement Shri Milind Hasmukh Gandhi DIN 03216254 is independent of the management of the Company Shri Milind Hasmukh Gandhi DIN 03216254 is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act 2013 and has given his consent to act as a Director Your directors recommend the resolution at item no 8 for your approval Shri Milind Hasmukh Gandhi DIN 03216254 is interested in the resolution since it pertains to his appointment None of the other directors or key managerial personnel of the Company or their relatives are in any way concerned or interested in the said resolution Shareholders are requested to br
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