Voith Paper Fabrics India Limited

Company does not have any agreement with any Media Company.

The shareholders of the company have passed the special resolution, through postal ballot, altering the Object Clause of Memorandum of Association and Authorizing the Board of Directors to start new business activities.

In terms of the provisions of the Companies Act, 2013 read with Investor Education and Protection Fund Authority Rules, 2016 (IEPF Rules) and notifications issued by the Ministry of Corporate Affairs (MCA) in this regard, shares of the company in respect of which dividend remained unclaimed/unpaid for seven consecutive years or more, are required to be transferred to the designated Demat Account of the Investor Education and Protection Fund Authority (IEPF Authority) by the company.

In the past, communications were sent to concerned members, providing them an opportunity to claim such unpaid/unclaimed dividends and consequently avoid their shares from being transferred to IEPF Authority. Subsequently, Company had transferred relevant shares, on which dividend had remained unpaid/unclaimed (beginning for the year 2008-09 onwards), to the designated demat account of IEPF Authority in accordance with the applicable provisions of the Companies Act, 2013 and IEPF Rules.

Shareholders may note that the dividend/shares transferred to IEPF Authority by the Company, can only be reclaimed by concerned shareholder from the IEPF Authority by following the prescribed procedure in accordance with the applicable Rules in this regard and by making an ‘online’ application in “IEPF Form-5” at the link http://iepf.gov.in/

The necessary details of such shares can be accessed as follows: 

Also, the company would be transferring another lot of shares to IEPF Authority, on which dividend had remained unclaimed for the year ended 31st March 2017, sometime in the month of August / September 2024.

In pursuance of the requirements of applicable IEPF Rules, Company has already sent individual communication to all concerned shareholders at their respective address registered with the Company, for taking appropriate actions to avoid their shares from being so transferred.

Such shareholders are requested to make their claim in this regard, if any, latest by 31st July, 2024. The tentative list of such shareholders is attached here.
 

• The Holding Company - VP Auslandsbeteiligungen GmbH - has withdrawn the nomination of Mr. Benno Edmund Morlock effective from the close of business hours of Monday, 30^th September, 2024 and he ceases to be a director of the Company accordingly. Further, the Holding Company has nominated Mr. Martin Bassmann as a Non-executive Director, designated as the Chairman of the Board of Directors of the Company, effective from the start of business hours on Tuesday, 1^st October, 2024.
• Ms. Pallavi Dinodia Gupta appointed as an Independent Woman Director of the Company, effective from 29th May, 2022.
• Ms. Shahana Basu has resigned from the Board of Directors of the Company, effective 31st May, 2022, due to her other professional commitments.
• Dr. Deepti Gupta appointed as an Independent Woman Director of the Company, effective from 30th July, 2020.
• Mr. Biren De has resigned from the office of Director, effective from 30th July, 2020, particularly due to prevailing Covid pandemic situation and its consequential risk for persons belonging to his age group.
• The holding company has withdrawn the nomination of Mr. Martin Gustav Scherrer effective from close of business hours of Thursday, 5th July, 2018 in view of him being assigned responsibilities as CEO of Voith Robotics, Germany.
  
  Further the holding company has nominated Mr. Benno Edmund Morlock as a Director and the Chairman of the Board, effective from the start of business hours on Friday, 6th July, 2018; subject to completion of necessary procedural formalities in this regard.
• Ms. Shahana Basu has been appointed as an Additional Director of the Company, effective from 6th February, 2016.
• Ms. Patricia Annette Sargeant ceases to be a Director of the Company, effective from 5th November, 2015.
• Mr. Makus Mader resigned from the office of Director effective 6th August, 2014 due to preoccupation in other assignments.
• Mr. R. Krishna Kumar appointed as Managing Director of the Company, effective from 1st August, 2014.
• Mr. C.S. Panigrahi has resigned from the office of Director, effective from 24th July, 2014 due to personal reasons.

The Independent Directors are already conversant with their roles, rights, duties and responsibilities in the company, and are familiar with the nature of industry in which the company operates, business model of the company etc., as they have been associated with the company for years. Further, at each Audit Committee Meetings and Board Meetings, about 20-30 minutes of time is normally reserved for Independent Directors, when they are usually briefed about the latest updates pertaining to the operations, business model/developments of the Company; regulatory/statutory changes and its likely impact on the Company workings etc., that have occurred since previous Board Meeting are conveyed to them by the Statutory Auditors, Managing Director, as well as the Company Secretary. The Directors are also encouraged to visit the Plant of Company, where senior officials apprise them of the various functional and allied aspects to enable them to have complete understanding & appreciation on the workings of the Company. This way they devote adequate time to understand, familiarize and remain updated about the activities of the Company.

MCS Share Transfer Agent Limited
F-65, First Floor, Okhla Industrial Area Phase - 1,
New Delhi - 110020. 
Phone: +91 11 4140 6149-51
E-mail: helpdeskdelhi@mcsregistrars.com

The Company has formulated following policies:

This policy has been formed to ensure that appropriate and suitable persons are appointed on the Board of the Company and at the Senior Management Positions (members of the management team of the Company, comprising all members of management one level below the executive/managing director, including all functional heads) and that the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors and Senior Management Personnel, of the quality required to run the Company successfully, and the relationship of remuneration to performance, meets appropriate performance benchmarks. The full Policy can be accessed below.

This Policy would enable the company to participate/undertake (directly or indirectly) or to make obligatory contributions in the projects or programs or activities as specified in the Schedule VII attached to the Companies Act, 2013, as amended. The requisite details under this policy shall be disclosed suitably as & when the company spends the amount for any CSR project or activity.
The full Policy can be accessed below.

This Policy has been prepared in pursuance of the provisions contained in the Companies Act, 2013 and requirements of Listing Agreement, that casts an obligation on a listed company to establish a vigil mechanism for the directors and employees to report their genuine concerns about unethical behaviour, actual or suspected fraud or violation of the company's code of conduct.

The policy also provides for adequate safeguards against victimization of director(s) or employee(s) who use such mechanism and make provision for direct access to the Chairperson of the Audit Committee in exceptional cases.

The full Policy can be accessed below.

This Policy is intended to ensure the proper approval and reporting of transactions between the company and its related parties, in accordance with the applicable provision of the Companies Act, 2013 and SEBI Listing Regulations, 2015, as amended or any other law for the time being in force. The full Policy can be accessed below.