108th AGM Transcript

Ruby Mills Board

Good evening. This meeting is being recorded.

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Ruby Mills Board

Good evening, one and all. Welcome to the welcome to the 100 and 8th Annual

General meeting of the Rupie Mills Limited. Firstly, I would like to apologize on the delayed start.

There was a technical issue, technical issue which has now been resolved, and we can proceed with the annual General meeting.

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Ruby Mills Board

Hope everyone is doing fine, and in the pink of the health, and with that we'll we'll proceed and start with the agm.

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Ruby Mills Board

Since we have the requisite quorum, I would like to ask Hensa to take the chair and for us to proceed in the meetings.

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Ruby Mills Board

I would request I would firstly introduce all the members on the board, and would like to thank them for attending the annual general meeting. With that I would also like to confirm to all the shareholders present in the meeting that the chairperson, the erstwhile chairperson of the Audit Committee and and the Src. Committee are present in the meeting, and will be available for any questions any questions which may which may arise.

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Ruby Mills Board

With that being said, I would like chairman, sir, to take up. Take up the speech and address the shareholders.

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Ruby Mills Board

Well, come on.

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Ruby Mills Board

I welcome all of you to the 100 and 8th Annual General Meeting of the

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it's a delight to make your acquaintance to him.

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Ruby Mills Board

We very much appreciate

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Ruby Mills Board

general support, and on behalf of the Board of Directors of the company.

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Ruby Mills Board

I thank you all for taking our time from everything to do to join us

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Ruby Mills Board

for a period of time the business has continuously evolved to remain relevant to the changing times.

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Very important are foundations of the company and their ethics.

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and who we work together, and collective resources and strength to respond to changing times.

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Principles of satisfying the customer has been the prime importance

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which we have unable to continue.

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Ruby Mills Board

Your company has complied with corporate governance laws as stipulated under survey guidelines for more details please refer

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Ruby Mills Board

report of corporate governance which involves part of the annual

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Ruby Mills Board

in last 4 years India has been one of the greatest and the fastest growing economy. Now the new direction by the present Government to make in India.

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Ruby Mills Board

bringing a lot of investments under the pale scheme which should bring results in advancing exports and creating supply.

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Ruby Mills Board

All the stakeholders, including the Central and State Government policy makeup

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and public and private sector enterprises are working towards a goal of enhancing India's share

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in export market of the world

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business performance.

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Ruby Mills Board

Financial year 2,02324 was not very encouraging as far as the texture industry was concerned.

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Ruby Mills Board

At least

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there is a fall in demand, mainly at retail stage

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which slow down also textile production.

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The revenue from textile activity was

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down to 1 97,000,

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and the operating problem

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the current year was 21.5. Compared to 18 crores in the previous year.

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The revenue from real estate activity was 39.8 5 crores compared to 23.5 crores

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the previous year, and the operating profit of 30 tick crumes as against 28 point

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5 growers. In the previous year

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the company continues to manage cash flow exceptionally well.

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which can be seen from management.

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The board of directors have recommended an arms dividend of 35%

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for the year.

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and it will be 1.75

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or any quid share resulting in an outflow of over 585 throws. Approximately.

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we continue to remain optimistic about company's future.

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We are working continuously towards sustainability and creating maximum value

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under shared rooms.

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We continue to focus on cost reduction and optimum utilization of

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existing resources

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and enhance operational affilience.

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We are witnessing positive momentum in revenues, despite losing out on 1st 4 months of the current financial year.

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we are confident of making up

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the same.

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We are mainly A, b 2 c player. And now adding capacities

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to move towards B, 2D. And extract volumes and revenues.

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Ruby Mills Board

I would like to express my gratitude to all

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board of members

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for their guidance and support in our pursuit, to maximizing long-term shareholders value also thank all our shareholders and customers for their continuous support

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and confidence in the company.

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Finally, I would like to thank our employees for their dedication

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that has positioned out so well

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for the future.

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or Germany thus far would have been impossible without

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they're unstrating support.

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each one of you I offer you a sincere thanks. Thank you. Take care.

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bye-bye.

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Ruby Mills Board

Thank you. Thank you. Thank you, sir. Thank you for addressing the shareholders. I would like to further inform the shareholders and the members that the Ministry of Corporate Affairs, why its various circulars has permitted

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Ruby Mills Board

us to permitted the companies to hold the agm through Video, conferencing without the physical presence of the members being required at a common venue.

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Ruby Mills Board

So in compliance with these said circulars, the companies holding the Agm through video conferencing, and the registered of office of the company shall be deemed to be the venue of the Agm.

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Ruby Mills Board

Your company has taken all the requisite steps to ensure that the members attend and vote, and and the meeting, and the meeting is conducted in a seamless manner.

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Ruby Mills Board

Your company has availed services of Nsdl for conducting, conducting, voting

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for hosting the

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agm through video, conferencing and for conducting the voting as well. The members are requested for their participation.

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and the voting channels will be open open for the members for voting after the meeting is concluded.

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after the meeting is concluded, I would also like to highlight to the members that

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that the statutory auditors and the authorized representatives of our scrutinizers, which is Mmjp. And associates Llp. Are present in the meeting, and have been appointed as scrutinizers.

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Ruby Mills Board

This is also to bring to your notice that the Company has received authorizations under section 1, 1, 6 for

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for the member shareholders of Member shareholders in the company.

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Da members. The facility to join the agent through Vc. Is being made available on 1st come 1st serve basis. As for the regulatory regulatory requirements. For any shareholders having any queries, I would request you to keep this queries to the minimum

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address, keep it to the point, and

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keep it to the point, and so that I'll also be respectful of other in members having other queries. Thank you for your time, and I would request Rahulji to unmute the speaker shareholders, if any, in the meeting.

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TechSupport -Imran

As per. Our list of the speakers are older, Mr. Is not available.

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TechSupport -Imran

and also

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TechSupport -Imran

Mister Satisfa is also not available in the meeting.

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Ruby Mills Board

So if if there are no any, if there are any other questions on behalf of the shareholders, we'd be happy to address them. Now

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taking it. There are no no question questions from the shareholders. We'll move on to the next point, which is taking taking on record the annual general

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the report and the agent notice.

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and this audit reports the Secretary auditor for the financial year 31st March ended, 2,024 did not issue any observation.

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Ruby Mills Board

The report of the statutory auditor for the financial year 31st March 2024 also does not contain any qualifications, observations, or comment which which has any adverse effect on the functioning of the company.

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Ruby Mills Board

Accordingly, these reports are not required to be read out.

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Ruby Mills Board

As the notice is circulated to all the members. I take the notice of convening, convening this meeting as read

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up.

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since there are no questions.

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Ruby Mills Board

We'd move to the next agenda is, which is taking on

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discussing the ordinary business, ordinary business for which the meeting is convened. The 1st one is to consider and

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Ruby Mills Board

to receive, consider, and adopt the audited financial statements of the company for the financial year end. That ended 31st March 2,024,

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Ruby Mills Board

with the request of chairman, Sir, I take it as read, and move to the next point.

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Ruby Mills Board

The next part. The next point is to declare final dividend of 1.7 ₹5, which is 35% per fully paid equity share, having a face value of ₹5 for the financial year ended 31st March 2024.

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Ruby Mills Board

The next point is to to appoint a director in place of Mr. In place of Sri Puraf pure, of Irensha, who retires, who retires by rotation, and being

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Ruby Mills Board

eligible for reappointment, offers himself.

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offers himself eligible for reappointment. I would request the chairman, sir, to refrain from voting, as is interested in this resolution.

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Ruby Mills Board

I would I would request a member from the Board to take up the chair chairperson's position, especially for this agenda

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charcoal channel, sir.

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Ruby Mills Board

I'll take this resolution as read, and with your permission, I'd like to move forward.

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Ruby Mills Board

Thank you, sir. The next. The next order of business is to take on record the the ratification of post auditors. Remunitation.

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Ruby Mills Board

which is the special business. I would request the members to take note of the same, and with that the formal business of the agm is concluded

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as as

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as discussed before, since there are no questions from the members in this agm. I would.

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if there are no comments to add. We'd like to conclude the meeting

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would like to conclude the meeting. I just just to inform the shareholders the since the formal business of the meeting is concluded. We can

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conclude the meeting now, and

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after the conclusion of the meeting the E-voting of the E-voting shall shall stay active for the next 15 min.

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for the members who have not, who have not concluded their voting. So any and every member desirous of

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having to vote has the next 15 min to vote.

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With that we can conclude the meeting.

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Ruby Mills Board

Yes, thank you. Thank you. Thank you. Thank you.