Axita Cotton Limited: No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, Certified Mahesana-3827I5. Gujarat. India

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Axita Cotton Limited

ISO 9001:2015
CIN No. : L17200G12013PLC076059 Reg. Office : Servey No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, CERTIFIED
GST IN : 24AALCA8092L1Z6 Mahesana-3827I5. Gujarat. India
PAN : AALCA8092L Tele : +91 6358747514 I E-mail : cs@axitacotton.com I Website : www.axitacotton.com

bate: September 04, 2023

To, To,
The Secretary, Listing Department The Manager-Listing Department
BSE Limited, The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
Fort, Mumbai - 400001, Maharashtra, Bandra Kurla Complex, Bandra (E), Mumbai -
India 400051, Maharashtra, India

Security Code: 542285 Symbol: AXITA

Respected Sir/Madam,

Subject: Outcome of Board Meeting held today i.e. Monday, September 04, 2023.

Pursuant to Regulation 30 and other applicable Regulations of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and with reference to the captioned subject, we
hereby inform that, the Board of Directors, at their meeting held today i.e. Monday, September
04, 2023, have inter-alia considered, recommended and approved:

1. Draft Director's Report along with annexures of the Company for the year ended on March
31, 2023.
2. Alteration of "Main Object Clause III (A)" of the Memorandum of Association of the
Company.
3. the Axita Employee Stock Option Plan 2023 ("Plan" or "ESOP 2023") and Grant of Stock
Options to the Eligible Employees of the Company under the ESOP 2023.
4. Re-appointment of Mr. Nitinbhai Govindbhai Patel as a Chairman cum Managing Director of
the Company and payment of remuneration.
5. Appointment of Mr. Kushal Nitinbhai Patel as a Non-Executive Director of the Company.
6. Appointment and regularize of Mr. Utsav Himanshu Trivedi as an Independent Director of
the Company.
7. Convey of the 10th Annual General Meeting (AGM) of the Company on Saturday, September
30, 2023 at 03:30 P.M. (1ST) through Video Conferencing (VC) / Other Audio Visual Means
(OAVM) in compliance with the applicable circulars of Ministry of Corporate Affairs (MCA)
and SEBI.
Axita Cotton Limited
ISO 9001:2015
CIN No. : L17200G12013PLC076059 Reg. Office : Servey No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, CERTIFIED
GST IN : 24AALCA8092L1Z6 Mahesana-3827 I 5. Gujarat. India
PAN : AALCA8092L Tele : +91 6358747514 I E-mail : cs@axitacotton.com I Website : www.axitacotton.com

8. The Notice of 10" Annual General Meeting (AGM) for the financial year ended on March 31,
2023. Notice of 10" Annual General Meeting (AGM) will be sent in due course of time.
9. Appointment of 5C5 and CO LLP, Practicing Company Secretary as Scrutinizer for E-Voting
Process for 10" Annual General Meeting (AGM).
10. All other business as per Agenda Circulated.

The requisite disclosure pertaining to Employee as required under Regulation 30 read with Para
A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulation, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated
September 09, 2015 readwith SEBI Circular no. 5EBI/HO/CFD/CFD-PoD1/P/CIR/2023/123
dated July 13, 2023, is enclosed as Annexure-I.

The Board Meeting commenced at 07:30 p.m. and concluded at 8:30 p.m.

This is for your information and record.

Thanking you,

Yours faithfully,
For, Axita Cotton Limited
PATEL Digitally signed
by PATEL
NITINKUM NITINKUMAR
Date: 2023.09.04
AR 20:36:46 +05'30'
Nitinbhai Govindbhai Patel
Chairman cum Managing Director Place: Ahmedabad
DIN: 06626646 Date: 04-09-2023

Encl. As above
Axita Cotton Limited
ISO 9001:2015
CIN No. : L17200GJ2013PLC076059 Reg. Office : Servey No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, CERTIFIED
GST IN : 24AALCA8092L1Z6 Mahesana-382715. Gujarat. India
PAN : AALCA8092L Tele : +91 6358747514 I E-mail : cs@axitacotton.com I Website : www.axitacotton.com

Annexure-I.

Disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations,
2015 and in terms of 5EBI Circular no. 5EBI/HO/CFD/CFb-PoD1/P/CII:2/2023/123 dated July 13, 2023.

A - BRIEF OBJECT TO BE PURSUED IN ADDITION OF EXISTING OBJECT BY THE COMPANY


The Main Objects III (A),

2. To carry on business of Import, Export, processing, packing, re-packing, trading in, purchase, sell and
cultivate, grow, produce, harvest raise or deal in agriculture produce as agriculturists, farmers or
gardeners and to act as mercantile agents, clearing and forwarding agents, brokers, consignors,
consignees, conversion , sub-agents, distributors, distribution agents, dealers and manufacturers,
representatives, marketing agents or consultants, act as stockiest or storage with the installation for
plant, machinery, cold storage, air conditioning, refrigeration and other equipment of the same on own
premises or leased premises and promote & sell their own brand along with farmer produce or otherwise
deal in any other manner deal in all types of food and food products, organic foods, processed foods,
packed foods, frozen foods, canned and Jarred foods, poultry products, groceries including ready to eat
preparations, condiments, other ethnic preparations, agricultural produce of all description and to do
trading of the all types of agri-commodities whether organic or inorganic whether perishable or non-
perishable such as seeds, soya bean, wheat, rice & rice products, maize, all types of grains, pulses, dal,
oats, cash crops, sugar cane, sugar, vegetables, cereals and fruits including dehydrated fruits and
vegetables and their products, preserved fruits, dry fruits, jam, pickles, mosaics, masala mixes, coffee
and coffee products, tea & Tea products, edible oils, hydrogenated fat, vanaspathi, tallow, meat and meat
products, marine products, poultry, piggery, prawn and pisci-culture, dairy products, condensed milk,
flavored milk, ice cream, butter, ghee, backed products, pastries, confectioneries, sweets, biscuits,
chocolates, beverages, fruit juices, concentrates, mineral water, soft drinks, syrups, preservatives,
flavors, colouring agents, emulsifiers, food supplements, nutrients, natural or synthetic chemicals used
for processing and preservation in the food industry.

3. To do the business of consultants and advisor and give information on time to time basis about the new
policies and procedure advised by the GOI on organic production of different crop and give advice on the
rates of organic produces along with future prices trends to do also provide consultations on hydroponics
and aeroponics farming along with end to end solutions.
Axita Cotton Limited
ISO 9001:2015
CIN No. : L17200GJ2013PLC076059 Reg. Office : Servey No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, CERTIFIED
GST IN : 24AALCA8092L1Z6 Mahesana-3827 I 5. Gujarat. India
PAN : AALCA8092L Tele : +91 6358747514 I E-mail : cs©axitacotton.com I Website : www.axitacotton.com

B - DETAILS PERTAINING TO SHARE BASED EMPLOYEE BENEFIT (SBEB) SCHEMES:


Sr Particulars ESOP 2023
No
1 Brief details of options granted Grant not exceeding 9000000 (Ninety Lakhs Only) Options to the
eligible Employees of the Company
2 Total number of shares covered by The scheme is in compliance with SEBI (Share Based Employee
these options Benefits and Sweat Equity) Regulations, 2021
3. Total number of shares covered by 9000000 (Ninety Lakhs Only) Options exercisable into 9000000
these options (Ninety Lakhs Only) shares of face value Rs. 1/- each (will be
proportionately adjusted due to corporate action(s), if any).
4 Pricing Formula To calculate the employee compensation cost, the Company shall
use the Intrinsic Value Method or Fair Value Method as per
applicable Accounting Standards and other regulatory provisions
for valuation of Stock Based Instruments granted. If Intrinsic
Value Method is used the difference between the employee
compensation cost so computed and the employee compensation
cost that shall have been recognized if it had used the fair value
of the Stock Based Instruments and the impact of this difference
on profits and on Earnings Per Share (EPS) of the Company shall
also be disclosed in the Board's report.
5. Time within which option may be
Within 30 days from the respective dates of vesting
Exercised
6. Options vested
7 Options exercised
8. Options lapsed
9 Variation of terms of options
10. Diluted earnings per share pursuant
Not applicable at this stage
to issue of equity shares on exercise
of options
11. Money realized by exercise of options
12. The total number of shares arising as
a result of exercise of option
13. Brief details of significant terms Significant terms will be disclosed as Explanatory Statement
forming part of the 10 AGM Notice.
14. Subsequent changes or cancellation or
Not applicable
exercise of such options
Axita Cotton Limited
. ISO 9001:20IS
CIN No. : L17200a12013PLC076059 Reg. Office : Servey No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, CERTIFIED
GST IN : 24AALCA8092L1Z6 Mahesana-3827 IS. Gujarat. India
PAN : AALCA8092L Tele : +91 6358747514 I E-mail : cs@axitacotton.com I Website :www.axitacotton.com

C - RE-APPOINTMENT OF MR. NITINBHAI GOVINDBHAI PATEL


a. DIN 06626646
b Name of Director Nitinbhai Govindbhai Patel
c. Reason of change viz. appointment, Re-appointment
resignetier eemovel deeth or
otherwise
d. Date and terms of appointment Date of Appointment: - October 01, 2023

Term of Appointment: - As per recommendations of Nomination and


Remuneration Committee as its meeting held on today i.e.
September 04, 2023, the Board of Directors of the Company has
recommended to re-appoint Mr. Nitinbhai Govindbhai Patel as a
Chairman cum Managing Director, subject to the approval of
Member in ensuing Annual General Meeting.
e. Brief Profile Mr. Nitinbhai Govindbhai Patel, aged 58, having rich experience of
more than 14 years into Oil Industries and more than 11 years in
Cotton Industries. In the year 2007, he along with other partners
established Aditya Oil Industries to manufacture Cotton Seed, Oil,
Cotton cake etc. He is actively involved in managing, planning and
executing manufacturing process and to achieve desired targets.
He is the guiding force behind all the corporate decisions and is
responsible for the entire Business operations of the Company
since his appointment.
f. Disclosure of relationship between With Directors & KMP of the Company:
Directors
Father of our Promoter, Director Mr. Kushal Nitinbhai Patel
g. Declaration - Circulars NSE / CML / It is hereby affirmed that Mr. Nitinbhai Govindbhai Patel is not
2018 / 24 and LIST / COMP / 14 / debarred from holding the office of Director by virtue of any SEBI
2018 - 19 dated June 20, 2018 order or any other such authority.

Mr. Nitinbhai Govindbhai Patel is not disqualified to become a


Director under Companies Act, 2013.
h. Shares held in the Axita Cotton
70051487
Limited
i. Other Directorships Yuranus Infrastructure Limited Additional Director
NG Organics Private Limited Director
Axita Exports Private Limited Managing Director
Axita Industries Private Limited Director
Axita Cotton Limited
ISO 9001:2015
CIN No. : L17200GJ2013PLC076059 Reg. Office : Servey No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, CERTIFIED
GST IN : 24AALCA8092L1Z6 Mahesana-3827I5. Gujarat. India
PAN : AALCA8092L Tele : +91 6358747514 I E-mail : cs@axitacotton.com 1 Website : www.axitacotton.com

- APPOINTMENT OF MR. KUSHAL NITINBHAI PATEL


a. DIN 06626639
b. Name of Director Kushal Nitinbhai Patel
c. Reason of change viz. appointment, Appointment
resignation, removal, death or
otherwise
d. Date and terms of appointment Date of Appointment: - October 01, 2023

Term of Appointment: - As per recommendations of Nomination and


Remuneration Committee as its meeting held on today i.e.
September 04, 2023, the Board of Directors of the Company has
recommended to appoint Mr. Kushal Nitinbhai Patel as a Non
Executive Director, subject to the approval of Member in ensuing
Annual General Meeting.
e. Brief Profile Mr. Kushal Nitinbhai Patel, aged 34 years, holds Degree of Bachelor
of Pharmacy from Gujarat University and he has an experience of
more than 11 years in the family business with respect to
production, planning and sales.
f. Disclosure of relationship between With Directors & KMP of the Company:
Directors
Son of our Promoter, Chairman cum Managing Director Mr.
Nitinbhai Govindbhai Patel
g. Declaration - Circulars NSE / CML / It is hereby affirmed that Mr. Kushal Nitinbhai Patel is not
2018 / 24 and LIST / COMP / 14 / debarred from holding the office of Director by virtue of any SEBI
2018 - 19 dated June 20, 2018 order or any other such authority.

Mr. Kushal Nitinbhai Patel is not disqualified to become a Director


under Companies Act, 2013.
h Shares held in the Axita Cotton
57061087
Limited
I. Other Directorships Yuranus Infrastructure Limited Additional Director
Ng Organics Private Limited Director
Axita Exports Private Limited Managing Director
Axita Industries Private Limited Director
Axita Cotton Limited
ISO 900 I :2015
CIN No. : L17200GJ2013PLC076059 Reg. Office : Servey No. 324, 357, 358, Kadi Thol Road, Borisana Kadi, CERTIFIED
GST IN : 24AALCA8092L1Z6 Mahesana-3827 I 5. Gujarat. India
PAN : AALCA8092L Tele : +91 6358747514 I E-mail : cs@axitacotton.com I Website : www.axitacotton.com

E - APPOINTMENT OF MR. UTSAV HIMANSHU TRIVEDI


a. DIN 10185472
b. Name of Director Mr. Utsav Himanshu Trivedi
c. Reason of change viz. appointment, Appointment
resignation, removal, death or
otherwise
d. Date and terms of appointment Date of Appointment: - October 01, 2023

Term of Appointment: - As per recommendations of Nomination and


Remuneration Committee as its meeting held on today i.e.
September 04, 2023, the Board of Directors of the Company has
recommended to appoint Mr. Utsav Himanshu Trivedi as an
Independent Non Executive Director, subject to the approval of
Member in ensuing Annual General Meeting.
e. Brief Profile He is Company Secretary by profession and has rich experience in
the field of Company Law, Security Laws & Accounting..
f. Disclosure of relationship between
Not related to any Directors di KMP of the Company.
Directors
g. Declaration - Circulars NSE / CML / It is hereby affirmed that Mr. Utsav Himanshu Trivedi is not
2018 / 24 and LIST / COMP / 14 / debarred from holding the office of Director by virtue of any 5EBI
2018 - 19 dated June 20, 2018 order or any other such authority.

Mr. Utsav Himanshu Trivedi is not disqualified to become a


Director under Companies Act, 2013.
h. Shares held in the Axita Cotton
NIL
Limited
i. Other Directorships NIL

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