PARAGON FINANCE LIMITED
Registered Office :- Sikkim House, 4/1, Middleton Street, 4th Floor, Kolkata-700071
CIN : L65921WB1986PLC040980
Phone No. : (033) 3058-8100; Fax No. : (033) 3058-8101
Email ID : [email protected]; Website : www.paragonfinanceltd.com
NOTICE
NOTICE is hereby given that the Extra Ordinary General Meeting of the Members of the Company will be held at
237, N.S.C. Bose Road, Block-C, 1st Floor, Kolkata - 700047 on Thursday, the 30th day of April, 2015 at 10:00 A.M. to
transact the following business:
SPECIAL BUSINESS:
1.
To consider and if thought fit to pass with or without modification(s) the following resolution as an Ordinary Resolution:
RESOLVED THAT pursuant to Section 169 of the Companies Act, 2013, Mr. Manoj Kumar Gupta, Director of the
Company, be and is hereby removed from the directorship of the Board of Directors of the Company.
2.
To consider and if thought fit to pass with or without modification(s) the following resolution as an Ordinary Resolution:
RESOLVED THAT pursuant to Section 169 of the Companies Act, 2013, Mrs. Reena Gupta, Director of the Company,
be and is hereby removed from the directorship of the Board of Directors of the Company.
Date : 24.03.2015
Place: Kolkata
By Order of the Board
For Paragon Finance Ltd.
Parul Rajgaria
Company Secretary
NOTES :
1. A member entitled to attend and vote at the Extra Ordinary General Meeting is also entitled to appoint proxy
to attend and vote instead of himself/herself and a proxy need not be a member of the Company. 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 of the Company carrying voting rights may appoint a single person
as proxy and such person shall not act as a proxy for any other person or shareholder. Proxies in order to
be effective must be received by the Company at its Registered Office not less than Forty Eight hours before
the commencement of the Extra Ordinary General Meeting.
2.
For the convenience of Members, an Attendance Slip is annexed to the Proxy form. Members are requested to affix
their signature as registered with the company at the space provided therein and handover the Attendance Slip at
the entrance to the place of the Meeting.
3.
Members holding shares in the Dematerialized and Physical mode are requested to intimate / send the following
to facilitate better servicing :
(a) Any change in their address / name
(b) Share Certificates held in multiple accounts in identical names or joint accounts in the same order of names,
for consolidation of such shareholdings into a single account.
PARAGON FINANCE LIMITED
CIN : L65921WB1986PLC040980
All changes pertaining to their Bank details, ECS, mandates, nominations, power of attorney / etc. be informed to
their depository participant and to the Companys Registrar and Share Transfer Agent Niche Technologies Private
Limited, having their registered office at D-511, Bagree Market, 71, B.R.B. Basu Road, Kolkata - 700 001. Tel No.
(033)2235-7270/7271, 2234-3576, Telefax No. - (033) 2215 6823, E-mail : [email protected]. Changes
intimated to the depository participant will then be automatically reflected in the Companys records, which will help
the Company Shareholders are hereby intimated that under instructions from the Securities and Exchange Board
of India, furnishing of bank particulars by the shareholders has become mandatory.
4.
Members are requested to bring their Attendance/Admission slips and Notice of the Meeting.
5.
Copy of the documents referred to in the notice are available for inspection at the Registered Office of the Company
during office hours on all working days except Saturday, between 11.00 a.m. to 1.00 p.m. prior to the date of Extra
Ordinary General Meeting.
6.
An Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 in respect of Special Business as
set out above is annexed hereto.
7.
In compliance with provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies
(Management and Administration) Rules, 2014, and Clause 35B of the Listing Agreement, the Company is pleased
to provide its members the facility of voting through electronic means, as an alternate, to enable them to cast their
votes electronically and the business may be transacted through e-voting services provided by National Securities
Depository Ltd. (NSDL).
Instruction and other information relating to e-voting are as under:
A. In case a Member receives an e-mail from NSDL (for Members whose e-mail addresses are registered
with the Company/Depositories):
i.
Open the e-mail and also open PDF file attached with your Client ID or Folio No. as password. The said
PDF file contains your user ID and password for e-voting. Please note that the password is an initial
password.
ii.
Open the internet browser and type the following URL: https://www.evoting.nsdl.com.
iii.
Click on Shareholder Login.
iv.
If you are already registered with NSDL for e-voting then you can use your existing user ID and password.
v.
If you are logging in for the first time, please enter the user ID and password provided in the PDF file
attached with the e-mail as initial password.
vi. The Password Change Menu will appear on your screen. Change to a new password of your choice, making
sure that it contains a minimum of 8 digits or characters or a combination of both. Please take utmost care
to keep your password confidential.
vii. Once the e-voting home page opens, click on e-voting> Active Voting Cycles.
viii. Select EVEN (E-Voting Event Number) of Paragon Finance Limited and now you are ready for e-voting
as Cast Vote page opens.
ix. Cast your vote by selecting appropriate option and click on Submit and also Confirm when prompted.
x.
Upon confirmation, the message Vote cast Successfully will be displayed.
xi. Once the vote on the resolution is cast, the Member shall not be allowed to change it subsequently.
xii. Institutional shareholders (i.e. other than individuals, HUF, NRI, etc.) are required to send scanned copy
(PDF / JPG format) of the relevant Board Resolution/Authority letter, etc., together with attested specimen
PARAGON FINANCE LIMITED
CIN : L65921WB1986PLC040980
signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer through e-mail
to [email protected] and to company through email to [email protected] with a copy marked
to [email protected].
xiii. In case of any queries, you may refer the Frequently Asked Questions (FAQs) - Shareholders and e-voting
user manual - Shareholders, available at the downloads section of www.evoting.nsdl.com
B. In case a Member receives physical copy of the Notice of EOGM (for Members whose email addresses
are not registered with the Company/Depositories):
i.
Initial password is provided in the enclosed annexure to the notice: EVEN (E-Voting Event Number), user
ID and password.
ii.
Please follow all steps from Sl. No. (ii) to (xiii) above, to cast vote.
C. Other Instructions :
i.
The e-voting period commences on 24th April, 2015 at 10.00 a.m. (IST) and ends on 26th April, 2015 at
6.00 p.m. (IST). During this period, members of the Company, holding shares either in physical form or in
dematerialized form as on cut off date i.e. 13th March, 2015 may cast their vote electronically. The E-voting
module shall be disabled by NSDL for voting thereafter. Once the vote on a resolution is cast by the Member,
he shall not be allowed to change it subsequently.
ii.
The voting rights of Shareholders shall be in proportion to their shares of the paid up equity share capital
of the Company as on cut off date, i.e., 13.03.2015
iii.
Since the Company is required to provide members the facility to cast their vote by electronic means,
shareholders of the Company, holding shares either in physical form or in dematerialized form, as on the
cut-off date of 13.03.2015 and not casting their vote electronically, may only cast their vote at the Extra
Ordinary General Meeting.
iv.
CS Mohan Ram Goenka, Partner, MR & Associates, Company Secretaries having their registered office
at 46, B. B. Ganguly Street, 4th Floor, Kolkata- 700012, has been appointed as the Scrutinizer to scrutinize
the e-voting process in a fair and transparent manner.
v.
The Scrutinizer shall, within a period not exceeding three working days from the conclusion of the e-voting
period, unblock the votes in the presence of at least two witnesses not in the employment of the Company
and make a Scrutinizers Report of the votes cast in favour or against, if any, forthwith to the Chairman of
the Company.
vi. The results declared along with the Scrutinizers report shall be placed on the Companys website
www.paragonfinanceltd.com and on the website of NSDL www.evoting.nsdl.com within two days of the
passing of the resolutions at the Extra Ordinary General Meeting of the Company on 30.04.2015 at 5.00
p.m. and communicated to BSE Ltd., where the shares of the Company are listed.
PARAGON FINANCE LIMITED
Registered Office :- Sikkim House, 4/1, Middleton Street, 4th Floor, Kolkata-700071
CIN : L65921WB1986PLC040980
Phone No. : (033) 3058-8100; Fax No. : (033) 3058-8101
Email ID : [email protected]; Website : www.paragonfinanceltd.com
Statement Pursuant to section 102 of the Companies Act, 2013
As required by section 102 of the Companies Act, 2013, the following explanatory statement sets out all material facts
relating to the business mentioned under Item Nos. 1 and 2 of the accompanying Notice:
Item No. 1 & 2: A written requisition with respect to the resolution set out above for the removal of Mr. Manoj Kumar
Gupta and Mrs. Reena Gupta as a director has been received from a shareholder in accordance with the provisions of
Section 100, 115 and 169 of the Companies Act, 2013.
A copy of the said Special Notice along with the proposed resolutions and statement u/s 102 has been sent to the
respective directors in compliance of the provision of the Companies Act, 2013.
The Board recommends the resolution as set out at Item No. 1 & 2 of the Notice for your approval.
None of the Directors, Key Managerial Personnel of your Company or relatives of Directors/ Key Managerial Personnel
are concerned or interested except and to the extent of their shareholding if any in the company, in the aforesaid resolution.
Date : 24.03.2015
Place: Kolkata
By Order of the Board
For Paragon Finance Ltd.
Parul Rajgaria
Company Secretary
PARAGON FINANCE LIMITED
Registered Office :- Sikkim House, 4/1, Middleton Street, 4th Floor, Kolkata-700071
CIN : L65921WB1986PLC040980
Phone No. : (033) 3058-8100; Fax No. : (033) 3058-8101
Email ID : [email protected]; Website : www.paragonfinanceltd.com