Wednesday, April 9, 2008

JRC Industries - Outcome Of EGM

JRC Industries Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 22, 2008, inter alia, have accorded the following:
1. Alteration in the Part III of the Memorandum of Association of the Company by inserting New Clause serially numbered as 67 to 70 after the existing Clause 66 in Part C of the Object Clause, Part III of the Memorandum of Association of the Company which is read as under:
67. To carry on the business as manufacturers, processors, dealers, traders, contractors, importers, exporters, distributors, representatives, agents and stockiest of all kinds of Plastic Packing items, Gunny Bags, Woven Sacks, Containers, Bottles etc., P L.D.P.E., H.M., LL.D.P.E. Plain and Printed Rolls, Plain and Printed Bags, Garbage Bags, Pick up Bags, Carrier Bags, Covers, Tarpaulin etc., and all types of household, industrial items and / or Rubber Goods, including the business of resins and moulding compounds, plastic raw materials, of all kinds, Reinforced Plastics and Composites, Plastic Films, Sheets and laminations, Chemicals, Additives, Filters and Reinforcement of all other Plastic Materials of all kinds that may be in existence or developed in future and trading of all kinds of plastic raw materials.
68. To construct, establish, construct, taken on hire, rent or lease, factories for manufacturing and processing of packing articles and materials by mechanical, manual or electrical operations.
69. To carry on the business as manufacturers, processors, exporters, importers, distributors and dealers in all types of synthetic resins, such as alkyd resins of phenolated, styrenated, acrylated, sylchronised, thixitropic, water soluble, chain-terminated or vinylated types, pure or modified, phenolic resins, ester gum, rosin, rosin modified materials, hydrogenated rosins and rosin derivatives, rosin modifyed alkyds, amino resins, saturated and unsaturated polyesters, epoxies, polyamides, ketonic resins, acrylic resins of all varieties, thermoplastic and themiosetting resins, hydrocarbon resins, vinyl resins of different types, polymeric, plasticizers, polythene, polycarbonate, silicones, cellulospic plastic, thermosettirig and thermo plastic materials, plastic and resinous materials, pet bottles, elastomers, emulsions, polymers, surface active and tanning agents.
70. To promote, undertake, acquire, carry on the business as manufacturers, importers, exporters, producers, processors, fabricators, assemblers, buyers, sellers, dealers in types of packing and packaging materials, cartons, boxes, composites cans, aerosol cans, Jerry cans, caps, corrugated and other containers of tin, caissons, cases, casks, caskets, chests, coifers, crates, dispatch boxes, envelopes, folders, gasters, holsters, notches, jars, packing cases and bottles made of paper, wood, cane, cellulose, glass, leather, rubber, lattés, aluminum foils and alloys, fabrics, polythene polyester chemicals and petroleum products and all other raw materials commodities whatever of or combination of two or more of them commonly and ordinarily used as packing and packing materials.
2. Adopt the following business mentioned and as included as serial numbered 67 to 10 which is read as under:
67. To carry on the business as manufacturers, processors, dealers, traders, contractors, importers, exporters, distributors, representatives, agents and stockiest of all kinds of Plastic Packing Items, Gunny Bags, Woven Sacks, Containers, Boffles etc., RP., L.D.P.E., H.M., L.L.D.P.E. Plain and Printed Rolls, Plain and Printed Bags, Garbage Bags, Pick up Bags, Carrier Bags, Covers, Tarpaulin etc., and all types of household, industrial items and for Rubber Goods, including the business of resins and moulding compounds, plastic raw materials, of all kinds, Reinforced Plastics and Composites, Plastic Films, Sheets and laminations, Chemicals, Additives, Filters and Reinforcement of all other Plastic Materials of all kinds that may be in existence or developed in future and trading of all kinds of plastic raw materials.
68. To construct, establish, construct, taken on hire, rent or lease, factories for manufacturing and processing of packing articles and materials by mechanical, manual or electrical operations.
69. To carry on the business as manufacturers, processors, exporters, importers, distributors and dealers in all types of synthetic resins, such as alkyd resins of phenolated, styrenated, acrylated, sylchronised, thixitropic, water soluble, chain-terminated or vinylated types, pure or modified, phenolic resins, ester gum, rosin, rosin modified materials, hydrogenated rosins and rosin derivatives, rosin modifyed alkyds, amino resins, saturated and unsaturated polyesters, epoxies, polyamides, ketonic resins, acrylic resins of all varieties, thermoplastic and thermosetting resins, hydrocarbon resins, vinyl resins of different types, polymeric, plasticizers, polythene, polycarbonate, silicones, cellulospic plastic, thermosetting and thermo plastic materials, plastic and resinous materials, pet bottles, elastomers, emulsions, polymers, surface active and tanning agents.
70. To promote, undertake, acquire, carry on the business as manufacturers, importers, exporters, producers, processors, fabricators, assemblers, buyers, sellers, dealers in types of packing and packaging materials, cartons, boxes, composites cans, aerosol cans, Jerry cans, caps, corrugated and other containers of tin, caissons, cases, casks, caskets, chests, coffers, crates, dispatch boxes, envelopes, folders, gasters, holsters, notches, jars, packing cases and bottles made of paper, wood, cane, cellulose, glass, leather, rubber, lattés, aluminum foils and alloys, fabrics, polythene polyester chemicals and petroleum products and all other raw materials commodities whatever of or combination of two or more of them commonly and ordinarily used as packing and packing materials.
3. Changed the name of the Company from JRC INDUSTRIES LTD to AADI INDUSTRIES LTD and the same be changed the Memorandum of Association and Articles of Association wherever it appears.
4. Increase the authorised share capital of the Company from existing Rs 5,50,00,000/- (Rupees Five Crores Fifty lacs Only) divided in to 55,00,000 (Fifty five Lacs) Equity Shares of Rs 10/- (Rupees Ten Only) each to Rs 10,00,00,000/- (Rupees Ten Crores only) by creation of further 45,00,000 (Forty five Lacs) Equity Shares of Rs 10/- (Rupees Ten only) each and such increased equity Share Capital shall rank pari passu in all respects with the existing equity Share Capital of the Company & consequential amendments in the Memorandum & Articles of Association of the Company.

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