Date: 29/07/2022 | |
To, | |
National Stock Exchange of India Ltd. | BSE Limited |
Exchange Plaza, Bandra Kurla Complex, | Phiroze Jeejeebhoy Towers, |
Bandra (East), Mumbai- 400 051 | Dalal Street, Mumbai- 400 001 |
Symbol: MOREPENLAB | Scrip Code: 500288 |
Ref: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Subject: Outcome of the meeting of the Board of Directors of Morepen Laboratories Limited ("company")
Dear Sir/ Ma'am,
Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform that the Board of Directors of the company in their meeting held today i.e., Friday, 29th July, 2022 (commenced at 11:15 A.M. and concluded at 1.30 P.M.), have, inter-alia, considered and approved: -
-
Un-auditedstandalone and consolidated financial results of the company for the quarter ended 30th June, 2022.
Pursuant to Regulation 33 of the SEBI Listing Regulations, a copy of the 'Results' along- with Limited Review Report of the Statutory Auditors of the company, are enclosed herewith. - Re-appointmentof Mr. Sanjay Suri (DIN:00041590) as Whole-Time Director of the company for a further period of 3 years with effect from 13th August, 2022, subject to the approval of shareholders in the ensuing Annual General Meeting of the company.
The relevant information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed herewith as Annexure A. - Appointment of M/s. S.P. Babuta & Associates, Chartered Accountants (FRN: 007657N), as Statutory Auditors of the company on account of completion of term of five consecutive years of the existing Statutory Auditors, i.e., M/s. Satinder Goyal & Co., Chartered Accountants (FRN:027334N), at the conclusion of the ensuing 37th Annual General Meeting of the company.
Morepen Laboratories Limited
CIN No: L24231 HP1984PLC006028
Corp. Off.: 2nd Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector 20, Gurugram, Haryana-122016, INDIA
Tel.: +91 124 4892000, E-mail: corporate@morepen.com, Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA
Tel.: +91-1795-266401-03, 244590, Fax: +91-1795-244591,E-mail: plants@morepen.com
M/s S.P. Babuta & Associates, Chartered Accountants has been appointed for a term of five consecutive years i.e., from the conclusion of the 37th Annual General Meeting until the conclusion of the 42nd Annual General Meeting, subject to the approval of shareholders in the ensuing Annual General Meeting.
The relevant information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed herewith as Annexure B.
- Alteration of 'Capital Clause' of Memorandum of Association of the company by re- classification of authorised preference share capital from 1,20,00,000 preference shares of Rs. 100/- each to 50,00,000 preference shares of Rs. 100/- each and authorised equity share capital from 65,00,00,000 equity shares of Rs. 2/- each to 100,00,00,000 equity shares of Rs. 2/- each, subject to approval of the shareholders in the ensuing Annual General Meeting.
- Alternation of clause 10 (1) (c) of the Articles of Association of the company by omitting the line 'if the price of such shares is determined by the valuation report of a registered valuer' from the said clause, subject to approval of the shareholders in the ensuing Annual General Meeting.
You are requested to take note of the same in your records.
Thanking you,
Yours faithfully,
For Morepen Laboratories Limited
Vipul Kumar Srivastava
Company Secretary
Encl.: As above
Morepen Laboratories Limited
CIN No: L24231 HP1984PLC006028
Corp. Off.: 2nd Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector 20, Gurugram, Haryana-122016, INDIA
Tel.: +91 124 4892000, E-mail: corporate@morepen.com, Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA
Tel.: +91-1795-266401-03, 244590, Fax: +91-1795-244591,E-mail: plants@morepen.com
Annexure-A
Details as per SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015;
S. | Particulars | Details | |||
no. | |||||
1. | Reason | for | change | viz. | Re-appointment on completion of tenure of 3 |
appointment, | resignation, | years. | |||
removal, death or otherwise |
2. Date of appointment/cessation (asMr. Sanjay Suri is re-appointed as Whole-Time
applicable) | & | term | of | Director for a further period of 3 years with effect | |
appointment | from 13th August, 2022, subject to the approval of | ||||
shareholders in the ensuing Annual General | |||||
Meeting of the company. | |||||
3. | Brief profile | Mr. Sanjay Suri is a Bachelor of Science (B.Sc.), | |||
having more than 29 years of experience in | |||||
pharmaceuticals industry. He has varied | |||||
experience in the field of accounts, finance, | |||||
banking and international sales and marketing, | |||||
exports, joint ventures, statutory and regulatory | |||||
approvals related to USFDA, strategic planning | |||||
and manufacturing etc. | |||||
4. | Disclosure | of | relationships | Mr. Sanjay Suri is a member of promoter group | |
between directors | of the company and brother of Mr. Sushil Suri, | ||||
Chairman and Managing Director of the | |||||
company. | |||||
Morepen Laboratories Limited
CIN No: L24231 HP1984PLC006028
Corp. Off.: 2nd Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector 20, Gurugram, Haryana-122016, INDIA
Tel.: +91 124 4892000, E-mail: corporate@morepen.com, Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA
Tel.: +91-1795-266401-03, 244590, Fax: +91-1795-244591,E-mail: plants@morepen.com
Annexure-B
Details as per SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015;
S. | Particulars | Details |
no. |
1. Reason for change viz. appointment, resignation, removal, death or otherwise
Appointment of M/s. S.P. Babuta & Associates, Chartered Accountants, as Statutory Auditors of the company on account of completion of term of five consecutive years of the existing Statutory Auditors, i.e., M/s. Satinder Goyal & Co., Chartered Accountants, at the ensuing 37th Annual General Meeting of the company.
2. Date of appointment/cessation (as applicable)& term of appointment
Subject to the approval of shareholders in the ensuing Annual General Meeting, M/s. S.P. Babuta & Associates, Chartered Accountants will be appointed for a term of five consecutive years i.e., from the conclusion of the 37th Annual General Meeting until the conclusion of the 42nd Annual General Meeting.
3. | Brief profile | M/s. S.P. Babuta & Associates, Chartered |
Accountants 'A Peer Reviewed Firm' was | ||
established in the year 1987 by CA. S. P. Babuta, | ||
Chartered Accountant. Mr. S. P. Babuta, | ||
Managing Partner having experience of over 35 | ||
years in the field of taxation, audit, project | ||
finance, forensic audit, insolvency resolution | ||
professional services and specialized in rendering | ||
financial advice to various reputed corporates and | ||
multinational companies. The head office of the | ||
firm is located at Chandigarh and branches at | ||
New Delhi and Mohali. | ||
4. | Disclosure of relationships | Not applicable |
between directors | ||
Morepen Laboratories Limited
CIN No: L24231 HP1984PLC006028
Corp. Off.: 2nd Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector 20, Gurugram, Haryana-122016, INDIA
Tel.: +91 124 4892000, E-mail: corporate@morepen.com, Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA
Tel.: +91-1795-266401-03, 244590, Fax: +91-1795-244591,E-mail: plants@morepen.com
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Morepen Laboratories Ltd. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 10:47:05 UTC.