CIN: L24111UR1983PLC009097 India Glycols Limited · PDF fileWebsite : E-Mail : iglho@ . India Glycols Limited 32nd Annual Report 2015-16 | 3 premium not exceeding ` 20,000 per annum;

2|32ndAnnualReport2015-16

India Glycols Limited

Noticethe Members of the Company be and is herebyaccordedforthere-appointmentofShriU.S.Bhartia(DIN: 00063091) as the Chairman and ManagingDirectoroftheCompanyforafurtherperiodoffive(5)yearsw.e.f.1st April,2016upto31stMarch,2021.

RESOLVED FURTHER THAT pursuant to the provisions of Section 197, 198 and Schedule V ofthe Act and subject to the approval of the CentralGovernmentand/orotherauthorities, if requiredandsuch other approvals, sanctions, permissions, asmay be required, approval of the Members of theCompany be and is hereby accorded for paymentof the following remuneration to Shri U.S. Bhartia,Chairman&ManagingDirector,foraperiodofthree(3)yearsi.e.from1stApril2016till31stMarch,2019along with such perquisites, benefits and amenitiesasmentionedbelow,subject to theoverallceilingof` 2,67,03,153 per annum (excluding commission, ifany) (as had earlier been approved by the CentralGovernmentforaperiodofthreeyearsfrom1st April,2008to31stMarch,2011videitsletterno.SRNNo.A62791298/5/2009-CL-VIIdated21stApril,2010andagainfortheperiodofthreeyearsfrom1stApril,2011to31stMarch,2014videitsletterno.B15242589/2/2011-CL-VIIdated24thOctober,2011):

a) Salary: TheManaging Director shall be paid salary of

` 20,00,000/- (Rupees Twenty Lacs Only) permonth.

b) Commission: Not exceeding 4% of the net profits of the

Companyforeachfinancialyearcomputedinamannerlaiddowninsection198oftheAct.

c) Perquisites: InadditiontotheSalary,theManagingDirector

shallbeentitledtothefollowingperquisiteswhichshall be evaluated as per Income Tax ruleswhereverapplicable,intheabsenceofanysuchrule, perquisite(s) shall be evaluated at actualcost:i) Unfurnishedresidentialaccommodation;ii) Furnishingofresidenceuptoanamountnot

exceeding`5.0lacsperannum;iii) Gas,electricity,waterasperbillsproduced

totheCompany;iv) Medicalreimbursement–medicalexpenses

incurredactuallyforselfandfamily;v) Clubfeesfortwoclubsincludingadmission

andotherfees;vi) Leavetravelconcessiononceinayearfor

selfandfamilytoanyplaceinIndiabyAir/Rail/RoadasperRulesoftheCompany;

vii) MediclaimandPersonalAccidentInsurance

Notice is hereby given that the Thirty Second AnnualGeneral Meeting (AGM) of the members of IndiaGlycols Limited will be held onSaturday, the 24th day of September, 2016 at 11.00 A.M. at the Registered Office of the Company at A-1, Industrial Area, Bazpur Road, Kashipur-244713, District Udham Singh Nagar, Uttarakhandtotransactthefollowingbusiness:

ORDINARY BUSINESS:1. Toreceive,considerandadopttheauditedfinancial

statements (including the consolidated financialstatements) of the Company for the financial yearended31stMarch,2016togetherwiththeReportsoftheBoardofDirectorsandAuditorsthereon.

2. To appoint a Director in place of Shri M. K. Rao(DIN:02168280),who retiresby rotationandbeingeligible,offershimselfforre-appointment.

3. ToappointM/sLodha&Co.,CharteredAccountants(Registration No. 301051E) as Statutory Auditorsof theCompany from theconclusionof thisAnnualGeneralMeeting(AGM)until theconclusionofnextAGMandtofixtheirremuneration.

SPECIAL BUSINESS:4. Toconsiderand, if thoughtfit, topassthefollowing

resolution as an ORDINARY RESOLUTION: “RESOLVED THAT pursuant to the provisions of

Section 148 and all other applicable provisions oftheCompaniesAct,2013andtheCompanies(Auditand Auditors) Rules, 2014 (including any statutorymodification(s)orre-enactmentsthereof,forthetimebeinginforce)readwiththeCompanies(CostRecordsandAudit)Rules,2014,remunerationpayabletoM/sR.J.Goel&Co.,CostAccountants,appointedbytheBoardofDirectors(the“Board”)toconducttheauditofthecostrecordsoftheCompanyforthefinancialyear ended 31st March, 2017, amounting to ` 1.50lacs(RupeesOneLacFiftyThousandonly)plusout-of-pocketexpenses,ifany,beandisherebyratifiedandconfirmed.

RESOLVED FURTHER THAT theBoardbeand ishereby authorized to do all acts and take all suchstepsandgivealldirectionsasitmayinitsabsolutediscretion deem necessary, proper or expedient togiveeffecttothisresolution.”

5. Toconsiderand, if thoughtfit, topassthefollowingresolution as a SPECIAL RESOLUTION:

“RESOLVED THAT pursuant to the provisions ofSection196,197,198andotherapplicableprovisions,if any, of the Companies Act, 2013 (including anystatutory modification(s) or re-enactments thereof,forthetimebeinginforce)(the“Act”)andrulesmadethereunder read with Schedule V of the Act andsubject to the approval of the Central Governmentand/or other authorities, if required, approval of

CIN:L24111UR1983PLC009097A-1,IndustrialArea,BazpurRoad,Kashipur-244713Distt.UdhamSinghNagar,Uttarakhand

Phone:05947-269000,269500Fax:05947-275315,269535Website:www.indiaglycols.comE-Mail:[email protected]


32ndAnnualReport2015-16|3

premium not exceeding ` 20,000 perannum;

viii) ContributiontoProvidentFundasperrulesoftheCompany;

ix) Gratuity not exceeding one-half month’ssalaryforeachcompletedyearofservice;

x) Company’s car with driver for official andpersonaluse;

xi) Telephone facility at residence andmobilephoneforbusinesspurposes;

xii) LeaveencashmentasperCompany’srulesi.e.15daysforeverycompletedyearofservice.

Provided further that theaggregateof remunerationby way of salary, commission, perquisites andallowances etc. payable to Shri U.S. Bhartia shallnotexceed5%oftheNetProfitsoftheCompanyina financial year computed in themanner laid downunderSection198of theActandwithin theoveralllimitprescribedunderSection197readwithScheduleVoftheAct.

RESOLVED FURTHER THAT subject toprovisionsofSection197andScheduleVandotherapplicableprovisions,ifany,oftheAct,asamendedfromtimeto time, the Board of Directors of the Company,may on the recommendation of the Nominationand Remuneration Committee annually review thesalary,commission,perquisitesandallowancesetc.payable to Shri U.S. Bhartia and to restructure theremuneration payable within the overall limit of 5%oftheNetProfitsoftheCompanyinafinancialyear,computedinthemannerlaiddownunderSection198oftheActandwithintheoveralllimitprescribedunderSection197readwithScheduleVoftheAct.

RESOLVED FURTHER THAT notwithstanding to theabove,intheeventofanylossorinadequacyofprofitsinanyfinancialyearduringthetenureofShriU.S.Bhartia,asChairmanandManagingDirectorofthe Company, the aforesaid remuneration or suchremuneration as may be approved by the CentralGovernment, wherever required, shall be paid astheminimum remuneration toShriU.S.Bhartia asChairmanandManagingDirectoroftheCompany.

RESOLVED FURTHER THAT theBoardofDirectorsoftheCompanybeandareherebyauthorizedtoenterintosuchagreement(s),deed(s)oranyotherdocuments;tosettleanyquestion,difficultyordoubt thatmayariseinthisregardandtodoallsuchacts,deeds,mattersandthings,astheBoardmayinitsabsolutediscretion,considernecessary,expedientordesirableinordertogiveeffecttothisresolutionorasotherwiseconsiderednecessarybytheBoardofDirectorsinthebestinterestoftheCompanyandasmaybeagreedtobytheBoardofDirectorsandShriU.S.Bhartia.”


“RESOLVED THAT pursuant to the provisions ofSection 197, 198 and other applicable provisions,if any, of the Companies Act, 2013 (including anystatutorymodification(s)orre-enactmentsthereof,forthe time being in force) (the “Act”) and rulesmadethereunder read with Schedule V of the Act andsubject to the approval of the Central Governmentand/orotherauthorities, if required,approval of theMembersoftheCompanybeandisherebyaccordedfor paymentof the followingmonthlyRemuneration(which is identical with his current remuneration includingperquisites)toShriM.K.Rao(DIN:02168280),ExecutiveDirector, for the remaining two (2) yearsof his current tenure i.e. from1st April, 2016 to 31st March,2018:

a) BasicSalary :`2,97,000/- b) SpecialAllowance :`1,38,705/- c) Ex-gratia :`44,550/- d) Perquisites :

Inadditiontothesalary,theExecutiveDirectorshallbeentitledtothefollowingperquisiteswhichshallbeevaluatedasperIncomeTaxRuleswhereverapplicable, in the absence of any such rule,perquisite(s)shallbeevaluatedatactualcost:

i) Unfurnishedresidentialaccommodation; ii) Furnishingofresidenceuptoanamountnot

exceeding`2.00lacsperannum; iii) Electricity, water expenses reimbursement

asperCompanypolicy; iv) Medical reimbursement equivalent to one

monthsalaryforselfandfamily; v) Leave travelconcessiononce inayear for

anamountnotexceeding`36,000/-forselfandfamilytoanyplaceinIndiabyAir/Rail/Road;

vi) MedicalandAccidental InsurancepremiumasperCompany’srules;

vii) ContributiontoProvidentFundasperrulesoftheCompany;

viii) Gratuitynotexceedingone-halfmonthsalaryforeachcompletedyearofservice;

ix) Company’s car with driver for official andpersonaluse;

x) Maintenance expenses for second carfor personal purpose for an amount notexceeding`2.00lacsperannum;

xi) Telephone facility at residence andmobilephoneforbusinesspurposes;

xii) LeaveencashmentasperCompany’srules.



RESOLVED FURTHER THAT the aggregate of remuneration by way of salary, commission,perquisitesandallowancesetc.payabletoShriM.K.Rao shall not exceed 5% of the Net Profits of theCompanyinafinancialyearcomputedinthemannerlaiddownunderSection198oftheActandwithintheoverall limitprescribedunderSection197readwithScheduleVoftheAct.

RESOLVED FURTHER THATsubject toprovisionsofSection197andScheduleVandotherapplicableprovisions,ifany,oftheAct,asamendedfromtimeto time, the Board of Directors of the Company,mayontherecommendationof theNominationandRemunerationCommitteeannuallyreviewthesalary,commission,perquisitesandallowancesetc.payabletoShriM.K.Raoandtorestructuretheremunerationpayablewithintheoveralllimitof5%oftheNetProfitsoftheCompanyinafinancialyear,computedinthemannerlaiddownunderSection198oftheActandwithintheoverall limitprescribedunderSection197readwithScheduleVoftheAct.

RESOLVED FURTHER THAT notwithstanding to theabove,intheeventofanylossorinadequacyofprofitsinanyfinancialyear,duringthetenureofShriM.K.RaoasExecutiveDirectoroftheCompany,theaforesaidremunerationshallbepaidastheminimumremuneration payable to himor in accordancewiththe limitsprescribed inScheduleVof theActorbytheCentralGovernment,whereverrequired.

RESOLVED FURTHER THAT theBoardofDirectorsof the Company be and are hereby authorized toenter into such agreement(s), deed(s) or any otherdocuments;tosettleanyquestion,difficultyordoubtthatmayariseinthisregardandtodoallsuchacts,deeds,mattersand things,as theBoardmay in itsabsolutediscretion,considernecessary,expedientordesirableinordertogiveeffecttothisResolutionorasotherwiseconsiderednecessaryby theBoardofDirectorsinthebestinterestoftheCompanyandasmaybeagreedtobytheBoardofDirectorsandShriM.K.Rao.”


“RESOLVED THAT pursuant to the provisions ofSection 41, 42, 62 and 71 and other applicableprovisions, if any, of theCompaniesAct, 2013andRules made thereunder (including any statutory modification(s)orre-enactmentsthereofforthetimebeinginforce),SecuritiesandExchangeBoardofIndia(Listing Obligations and Disclosure Requirements)Regulations, 2015, the Foreign Exchange Manage-ment Act, 1999 (“FEMA”), Foreign ExchangeManagement(TransferorIssueofSecuritybyaPersonResidentOutsideIndia)Regulations,2000,Issueof

Foreign Currency Convertible Bonds and OrdinaryShares (Through Depository Receipt Mechanism)Scheme,1993andtherules,regulations,guidelines,policies,notifications,circulars&clarificationsissued /to be issued by theGovernment of India, ReserveBank of India, Securities and Exchange Board ofIndiaincludingtheSecuritiesandExchangeBoardofIndia(IssueofCapitalandDisclosureRequirements)Regulations, 2009 (“SEBI ICDR Regulations”) andSecurities and Exchange Board of India (Issueand Listing of Debt Securities) Regulations, 2008,as amended, the Department of Industrial Policyand Promotion, Ministry of Commerce (“DIPP”),the Foreign Investment Promotion Board (“FIPB”),the Ministry of Finance (Department of EconomicAffairs) and / or any other Regulatory / Statutory /Competent Authorities (hereinafter referred to asthe“AppropriateAuthorities”),theMemorandumandArticlesofAssociationof theCompanyandsubjectto such other approvals, consents, permissionsand sanctions of the Appropriate Authorities andsubjecttosuchconditionsandmodifications,asmaybe prescribed by any of them while granting suchapprovals, consents, permissions and sanctionswhichmaybeagreedtobytheBoardofDirectorsoftheCompany(hereinafterreferredtoasthe“Board”which shall include any Committee authorized forthe purpose), the consent of the Members of theCompany be and is hereby accorded to the Boardto create, issue, offer and allot (including withprovisionsforreservationonfirmand/orcompetitivebasis,ofsuchpartof issueandforsuchcategoriesof persons as may be permitted), in the course ofoneormoredomesticor internationaloffering(s),ora combination thereof, with or withoutGreen Shoeoption, including by way of a qualified institutionalplacement,toeligibleinvestors(whetherornotsuchinvestorsareMembersoftheCompany,orwhetherornotsuchinvestorsareIndianorforeign,includingqualifiedinstitutionalbuyerssuchaspublicfinancialinstitutions, scheduled commercial banks, mutualfunds,foreigninstitutional investors,multilateralandbilateral development financial institutions, venturecapitalfunds,foreignventurecapitalinvestors,stateindustrial development corporations, insurancecompanies, pension funds and provident funds),whetherbywayof apublic offeringor bywayof aprivateplacementandwhetherbywayofcirculationof an offering circular or placement document orotherwise, securities including equity shares and/orinstrumentsorsecuritiesconvertibleintoequitysharesoftheCompany,GlobalDepositoryReceiptsand/orAmerican Depository Receipts and/or convertiblepreference shares and/or convertible debenturesorbonds (compulsorilyand/oroptionally, fullyand /



or partly), and/or non-convertible debentures withwarrantsand/orsecuritieswithorwithoutdetachable/non-detachablewarrantsand/orwarrantswitharightexercisable by the warrant-holder to subscribe forequitysharesand /orForeignCurrencyConvertibleBonds (FCCBs)convertible intoequitysharesat theoptionoftheCompanyortheholder(s)thereof,uptoanaggregateamountof̀ 250.00Crores(RupeesTwoHundredFiftyCroresonly)oritsequivalentinanyothercurrency,(hereinafterreferredtoas“Securities”)tobedenominatedinforeigncurrencyorIndianrupees,asthecasemaybe,which,attheoptionoftheCompanyor theholdersof theSecuritiesmaybesurrenderedfor the purpose of cancellation against receipt ofcorrespondingnumberofunderlyingequitysharesoftheCompany, as the casemay be, and such issueandallotmenttobemade,inoneormoretranche(s),atsuchprice(premium/discount)asmaybedeterminedin accordance with relevant guidelines, for cash orotherwise,onsuch termsandconditionsasmaybedecidedanddeemedappropriatebytheBoardatthetimeof issueorallotment,considering theprevailingmarketconditionsandotherrelevantfactors.

RESOLVED FURTHER THATwithoutprejudicetothegeneralityoftheaboveandsubjecttoallapplicablelaws,the aforesaid issue ofSecuritiesmay have all or anytermsorcombinationoftermsasareprovidedinissueofsecuritiesofsuchnatureinternationallyincludingtermsrelatingtosurrenderoftheSecuritiesforthepurposesof cancellation against receipt of the correspondingnumberofunderlyingequitysharesand theBoardbeand isherebyauthorized toenter intoandexecuteallsuch arrangements/agreements as the case may bewith any lead managers, managers, underwriters,advisors, guarantors, depositories, custodians andall such agencies as may be involved or concernedin such offerings of Securities and to remunerate allsuchagencies including thepaymentofcommissions,brokerage,feesorthelike,andalsotoseekthelistingofsuchSecuritiesinoneormorestockexchangesoutsideIndia and the listing of equity shares underlying theSecuritiesinoneormoreStockExchangesinIndia.

RESOLVED FURTHER THAT in theeventof issueofSecurities bywayofGlobalDepositoryReceiptsand / or American Depository Receipts or FCCBs,the relevant date on the basis of which price ofthe resultant equity shares shall be determined asspecified under applicable laws or regulations oftheAppropriateAuthorities,shallbe thedateof themeeting in which the Board decides to open theproposedissueofsuchSecurities.

RESOLVED FURTHER THAT in theeventof issueof Securities by way of a qualified institutionalplacement:

i) the relevant date on the basis of which priceof the resultant shares shall be determined asspecifiedunderapplicablelaw,shallbethedateof the meeting in which the Board decides toopentheproposedissueofSecurities;

ii) the allotment of Securities shall be completedwithin12monthsfromthedateofthisresolutionapprovingtheproposedissueorsuchothertimeasmaybeallowedbytheSEBIGuidelinesfromtimetotime;and

iii) theSecuritiesshallnotbeeligibletobesoldforaperiodofoneyearfromthedateofallotment,except on a recognized stock exchange, orexceptasmaybepermittedfromtimetotimebytheSEBIGuidelines.

RESOLVED FURTHER THAT such of ShareWarrantsorFCCBsasarenotsubscribed,maybedisposedoff by theBoard in its absolutediscretioninsuchamanner,astheBoardmaydeemfitandaspermissiblebylaw.

RESOLVED FURTHER THAT theBoardbeand isherebyauthorizedtofinalizeandapprovetheofferingcircular / placement document for the proposedissueoftheSecuritiesandtoauthorizeanydirectoror directors of theCompanyor anyother officer orofficersoftheCompanytosigntheabovedocumentsforandonbehalfof theCompanytogetherwith theauthority to amend, vary or modify the same assuch authorized persons may consider necessary,desirableorexpedientandforthepurposeaforesaidto give such declarations, affidavits, certificates,consentsand/orauthoritiesasmay,intheopinionofsuchauthorizedperson(s),berequiredfromtimetotime,andtoarrangeforthesubmissionoftheofferingcircular/placementdocument,andanyamendmentsandsupplements thereto,withanyapplicablestockexchanges(whetherinIndiaorabroad),governmentand regulatoryauthorities, institutionsor bodies, asmayberequired.

RESOLVED FURTHER THAT the Securities issued inforeignmarketsshallbetreatedtohavebeenissuedabroadand/orintheinternationalmarketand/orattheplaceofissueoftheSecuritiesintheinternationalmarketandmaybegovernedbyapplicable foreignlaws.

RESOLVED FURTHER THAT theBoardbeand isherebyauthorizedtoissueandallotsuchnumberofequitysharesasmayberequired tobe issuedandallottedfortheissueoftheSecuritiesreferredaboveorasmaybenecessaryinaccordancewiththetermsoftheoffering,allsuchequitysharesbeingpari-passu withthethenexistingequitysharesoftheCompanyinallrespects.



RESOLVED FURTHER THAT the Board be andis hereby authorized to do such acts, deeds andthingsastheBoardinitsabsolutediscretiondeemsnecessaryordesirableinconnectionwiththeissueoftheSecuritiesandtogiveeffecttotheseresolutions,including,withoutlimitation,thefollowing:

i) approve, adopt, sign, execute, issue and file,wherever required all documents, agreements,undertakings, deeds, declarations etc. as maybenecessaryinconnectionwiththeissueoftheSecurities including the offer documents suchas Red Herring Prospectus/Prospectus, listingapplication(s) with Registrar of Companies,SEBI, Stock Exchanges (whether in India orabroad)andotherAppropriateAuthorities;

ii) seeking,ifrequired,theconsentoftheCompany’slenders, parties with whom the Company hasentered into various commercial and otheragreements, all concerned government andregulatory authorities in India or outside India,andanyotherconsentsthatmayberequiredinconnection with the issue and allotment of theSecurities;

iii) giving or authorizing the giving, by concernedpersons, of such declarations, affidavits,certificates,consentsandauthoritiesasmayberequiredfromtimetotime;and

iv) settlinganyquestions,difficultiesordoubtsthatmay arise in regard to any such issue or allotment ofSecuritiesasitmayin itsabsolutediscretiondeemfit;and

v) enter into and execute arrangements /agreementswithLeadManagers/Underwriters /Guarantors / Depository(ies) / Custodians /Payment & Collection Agents / Advisors /Banks /Trustees/MerchantBankers/PractisingChartered Accountant / Practising CostAccountant / Practising Company Secretaryand all such agencies as may be involved orconcerned and to remunerate all such Lead Managers, Underwriters and all other AdvisorsandAgenciesbywayofcommission,brokerage,fees,expensesincurredinrelationtotheissueofequitysharesorFCCBsandotherexpenses, ifanyorthelike.

RESOLVED FURTHER THAT theBoardbeand ishereby authorized to determine the terms of issueincluding the class of investors, time, securities tobe offered, number of securities, series, tranches,issue price, tenor, interest rate, premium/discount,listing or otherwise howsoever, as it may think fitand to do all such acts, deeds and things, as itmay, in its absolute discretion, consider necessary,

expedient or desirable including appointment ofintermediariesandtosignandexecuteanydeed(s)/ document(s) / undertaking(s) / agreement(s) /paper(s) /underwriting(s)andalsotodelegatealloranyoftheabovepowers,asmayberequiredtogiveeffecttothisresolutionorasotherwiseconsideredbytheBoardtobeinthebestinterestoftheCompany.”

By order of the BoardFor India Glycols Limited

Place: Noida Ankur JainDate : 5thAugust,2016 Company SecretaryRegisteredOffice:A-1,IndustrialArea,BazpurRoad,Kashipur-244713,DistrictUdhamSinghNagar,UttarakhandCIN:L24111UR1983PLC009097TelephoneNo.:+91-5947-269000,269500Fax:+91-5947-275315,269535Website:www.indiaglycols.come-mail:[email protected]

NOTES:1. A Member entitled to attend and vote at the Annual

General Meeting (AGM) is entitled to appoint one or more proxies to attend and vote on a poll instead of himself/herself. The proxy need not be a member of the Company. The instrument of Proxy(ies), in order to be effective, must be deposited at the Registered Office of the Company, duly completed and signed, not less than 48 hours before the commencement of the meeting. A Proxy form is enclosed.

A person can act as proxy on behalf of members not exceeding 50 (Fifty) and holding in the aggregate not more than 10% (Ten percent) of the total share capital of the company carrying voting rights. A member holding more than 10% (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.

2. CorporateMembersintendingtosendtheirauthorizedrepresentativestoattendtheAGMarerequestedtosendtotheCompanyacertifiedcopyoftherelevantBoardResolution authorizing their representatives to attendandvoteontheirbehalfattheAGM.Members,ProxiesandAuthorizedRepresentativesarerequestedtobringtothemeeting,theAttendanceSlipenclosedherewith,dulycompletedandsigned,mentioningthereindetailsoftheDPIDandClientID/FolioNo.etc.

3. TheExplanatoryStatementpursuant tosection102of the Companies Act, 2013, in respect of SpecialBusinessunderItemnos.4,5,6and7oftheNotice,isappendedhereto,andformspartofthisNotice.



4. TheRegisterofMembersandShareTransferBooksof the Company will remain closed from Tuesday,the 20th September, 2016 to Saturday, the 24th September,2016(bothdaysinclusive)forAGM.Thenames of the shareholders, whose share transferrequestarereceivedinorder,eitherattheHeadoffice/RegisteredofficeoftheCompanyorattheRegistrars&ShareTransferAgents,M/sMCSShareTransferAgentLimited,F-65,1stFloor,OkhlaIndustrialArea,Phase-I,NewDelhi-110020(‘RTA’),beforethebookclosure,shallbeincludedinthemembersregisterasonthedateoftheAGM.

5. Pursuant to the provisions of Section 205A and205Cof theCompaniesAct,1956,dividend for thefinancialyearended31stMarch,2009,whichremainunclaimed/unpaid for a period of 7 years from thedatesuchdividendfirstbecomedueforpayment,willbetransferredonorbefore20thSeptember,2016tothe Investor Education and Protection Fund (IEPF)establishedbytheCentralGovernment.Pursuanttotheprovisionsof InvestorEducationandProtectionFund(Uploadingofinformationregardingunpaidandunclaimed amounts lying with companies) Rules,2012,theCompanyhasuploadedthedetailsofunpaidand unclaimed amounts lying with the Companyon the website of the Company (www.indiaglycols.com)under ‘InvestorRelations’section. Ithasbeennoticed thatsomeshareholdershavenotencashedthedividendwarrant(s)sofarforfinancialyearended31stMarch,2009oranysubsequentfinancialyears.SuchshareholdersarerequestedtomaketheirclaimtotheCompanyinrespectoftheirunclaimed/unpaiddividend,before thesame is transferred to IEPFasaforesaid. The Shareholders are requested to notethatnoclaimshalllieagainsttheCompanyinrespectofsaidunclaimedandunpaiddividend,iftransferredtotheIEPFonduedates.

6. As the present number of rotational Directors isless than 2/3rd of the total number of Directors,Shri M.K. Rao, Executive Director whoseappointment is not subject to retire by rotationshall retire by rotation at the ensuing AnnualGeneralMeetingandiseligibleforre-appointmentas per Item No. 2 of this notice. His retirementand simultaneous re-appointment shall not affecthis holding and continuing to hold the office ofExecutiveDirectorintermsofhisappointment.

7. Voting through electronic means:I. IncompliancewithprovisionsofSection108of

the Companies Act, 2013 and Rule 20 of theCompanies (Management and Administration)Rules, 2014 as amended by the Companies(Management and Administration) AmendmentRules,2015andRegulation44oftheSecuritiesandExchangeBoardofIndia(ListingObligationsand Disclosure Requirements) Regulations,

2015(“SEBIListingRegulations”),theCompanyis pleased to provide the Members facilityto exercise their right to vote on resolutionsproposedtobeconsideredattheAnnualGeneralMeeting(AGM)byelectronicmeansandallthebusiness may be transacted through e-votingservices. The Members are provided with thefacility of casting the votes using an electronicvoting system from a place other than venueof theAGM (“remote e-voting”) as providedbyNational SecuritiesDepository Limited (NSDL).Resolution(s) passed by Members throughe-votingis/aredeemedtohavebeenpassedasiftheyhavebeenpassedattheAGM.

II. The facility forvoting throughballotpapershallbemadeavailableatthevenueoftheAGMandtheMembersattending theAGMwhohavenotalreadycast theirvotebyremotee-votingshallbeabletoexercisetheirrightattheAGMthroughballotpaper.

III. TheMemberswhohavecasttheirvotebyremotee-voting prior to theAGMmay also attend theAGMbutshallnotbeentitled tocast theirvoteagainattheAGM.

IV. The remote e-voting period commences on Tuesday, the 20th September, 2016 (9:00 A.M.) and ends on Friday, the 23rd September, 2016 (5:00 P.M.). During this period, Members of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date of 17th September, 2016, may cast their vote by remote e-voting. The remote e-voting module shall be disabled by NSDL for voting thereafter. Once the vote on a resolution is cast by the Member, he/she shall not be allowed to change it subsequently or cast the vote again.

V. Members can opt for only onemode of votingi.e.eitherbyBallotFormorremotee-voting. IncaseMemberscasttheirvotesthroughboththemodes, voting done by remote e-voting shallprevailandvotescastthroughBallotFormshallbetreatedasinvalid.

VI. Theprocessandmannerforremotee-votingareasunder:A.In case a Member receives an e-mail from

NSDL[forMemberswhoseemailaddressesareregisteredwiththeCompany/DepositoryParticipant(s)]:

(1) Opene-mailandopenPDFfileviz;“IGLe-Voting.pdf”withyourClientIDorFolioNo.aspassword.ThesaidPDFfile contains your user IDandpassword/PIN for remote e-voting.Pleasenotethatthepasswordisaninitialpassword.



(2) Launch internet browser by typingthe following–URL: https://www.evoting.nsdl.com/

(3) Clickon“Shareholder–Login”

(4) Putuser IDandpasswordas initialpassword/PIN noted in step (1)above.ClickLogin.

(5) Then Password change menuappears. Change the password/PIN with new password of yourchoice. The new password shallcomprise of minimum 8 digits/characters or combination thereof.Note new password. It is stronglyrecommended that you do not share your password with any other person and that you take utmost care to keepyourpasswordconfidential.

(6) Homepageofremote“e-voting”willopen. Click on remote “e-Voting:ActiveVotingCycles”.

(7) Select “REVEN” (Electronic VotingEventNumber)ofIndiaGlycolsLimited.

(8) Now you are ready for e-voting as“CastVote”pageopens.

(9) On the voting page, you may castyour vote by selecting appropriateoption and click “Submit” and also“Confirm”whenprompted.

(10) Upon confirmation, the message“Vote cast successfully” will bedisplayed.

(11) Once you have voted on theresolution,youwillnotbeallowedtochange/modifyyourvote.

(12) Corporate/InstitutionalMembers(i.e.otherthanindividuals,HUF,NRIetc.)are required to send scannedcopy(PDF/JPG Format) of the relevantBoard Resolution/ Authority letteretc.togetherwithattestedspecimensignature of the duly authorizedsignatory(ies) who are authorizedto vote, to the Scrutinizer throughe-mail to [email protected] (emailaddressofScrutinizer)withacopy marked to [email protected]

B.IncaseaMemberreceivesphysicalcopyoftheNoticeofAGM[forMemberswhoseemailIDs are not registered with the Company/

Depository Participant(s) or requestingphysicalcopy]:i) Initial password is provided in the below

given format in the communication withrespecttovotingbyelectronicmeansandis encloded with the Notice and formsintegralpartofit:

REVEN (Remote E-Voting

event number)

User ID

Pass-word/PIN

ii) PleasefollowallstepsfromSl.No.(2)toSl.No.(12)above,tocastvote.

VII. In case of any queries, you may refer theFrequently Asked Questions (FAQs) forMembersandremotee-votingusermanualformembersavailableatthe‘Downloads’sectionofwww.evoting.nsdl.com orcallontollfreeno.:1800222990

VIII. IfyouarealreadyregisteredwithNSDLforremotee-voting thenyoucanuseyourexistinguser IDandpassword/PINforcastingyourvote.

IX. You can also update your mobile numberande-mail id in theuserprofiledetailsof thefolio which may be used for sending futurecommunication(s).

X. The voting rights of shareholders shall be inproportion to their shares of the paid-up equityshare capital of theCompany as on the cut-offdate of Saturday, the 17th September, 2016. ApersonwhoisnotaMemberasonthecutoffdateshouldtreatthisNoticeforinformationonly.

XI. Anyperson,whoacquiressharesoftheCompanyand become member of the Company afterdispatch of the Notice of AGM and holdingsharesasofthecut-offdateofSaturday,the17th September, 2016,may obtain the login ID [email protected] or [email protected]. However, ifyouarealreadyregisteredwithNSDLforremotee-votingthenyoucanuseyourexistinguserIDandpasswordforcastingyourvote.Ifyouforgotyourpassword,youcanresetyourpasswordbyusing“ForgotUserDetails/Password” option availableon www.evoting.nsdl.comorcontactNSDLatthefollowingtollfreeno.:1800-222-990.

XII. Apersonwhosenameisrecordedintheregisterof members or in the register of beneficialownersmaintained by the depositories as onthe cut-off date only shall be entitled to availthefacilityofremotee-votingaswellasvotingattheAGMthroughballotpaper.

XIII. ShriAshishSaxena(FCSno.6560)ofAshishSaxena & Co., Company Secretaries, having



theirofficeatA-32,NyayKhand-I,Indirapuram,Ghaziabad-201014, Uttar Pradesh has beenappointed by the Board of Directors as theScrutinizertoscrutinizethevotingandremotee-voting process in a fair and transparentmanner.

XIV. TheChairmanshall,attheAGM,attheendofdiscussionontheresolutionsonwhichvotingistobeheld,allowvotingwiththeassistanceofscrutinizer,byuseofballotpaperforallthosemembers who are present at the AGM buthavenotcasttheirvotesbyavailingtheremotee-votingfacility.

XV. The Scrutinizer shall after the conclusion ofvotingattheAGM,willfirstcountthevotescastatthemeetingandthereafterunblockthevotescastthroughremotee-votinginthepresenceofatleasttwo(2)witnessesnotintheemploymentoftheCompanyandshallmake,notlaterthan48(FortyEight)hoursoftheconclusionoftheAGM,aconsolidatedScrutinizer’sReportofthetotalvotescast in favouroragainst, ifany, tothe Chairman or a person authorized by himinwriting,whoshallcountersignthesameanddeclaretheresultofthevotingforthwith.

XVI. TheResultsof theAGMshallbedeclaredbytheChairmanorpersonauthorizedoranyoneof thedirectorof theCompanyafter theAGMwithintheprescribedtimelimits.

XVII. TheResultsdeclaredalongwiththeScrutinizer’sReport shall be placed on the Company’swebsite www.indiaglycols.com and on the website of NSDL and communicated to BSELimited(BSE)andNationalStockExchangeofIndiaLimited(NSE),accordingly.

8. MEMBERSAREREQUESTEDTO: A. Immediatelynotifyanychangeofaddress,e-mail

address,changeofname,contactnumbers,bankdetailssuchasbankaccountnumber,nameofthebankandbranchdetails,MICRcode, IFSCcode, bank mandates, nominations, power ofattorney, etc. and their Permanent AccountNumber (PAN) to their depository participant(DP)inrespectoftheirholdinginElectronicFormand to the Company’s RTA in respect of theirholding in physical form. SEBI has mandatedthesubmissionofPermanentAccountMember(PAN)byeveryparticipantinsecuritiesmarket.

Non-resident Indian members are requestedto immediately inform the RTA, change intheir residential address on return to India forpermanentsettlementandtheparticularsoftheirbankaccountmaintainedinIndiawithcompletename, branch, account type, account numberandaddressofthebankwithpincodenumber,ifnotfurnishedearlier.

B. Send their queries, if any, on the financialstatements or on any agenda item proposed in thenoticeofAGMat least10daysprior to thedateofAGMat theCompany’sHeadOfficeatPlot No. 2-B, Sector-126, Distt. Gautam BudhNagar,Noida-201304,UttarPradesh,toenabletheCompanytocollecttherelevant informationandmakeavailableattheAGM.

C. FilltheattendanceslipforattendingthemeetingandthosewhoholdthesharesindematerializedformarerequestedtobringtheirClientIDandDPIDnumbersforeasyidentificationofattendanceattheAGM.

D. Send their shares for dematerialization tothe Company’s RTA, if so far, are not held indematerialized form, as the Company comesundercompulsorydematasperdirectiveissuedbytheSEBI.

E. Note that relevant documents referred to inthe accompanying Notice and the Statementareopen for inspectionby themembersat theRegisteredOfficeoftheCompanyonallworkingdays, exceptSaturdays, duringbusinesshoursup to the date of the AGM and shall also beavailableforinspectionattheAGM.

F. Note that in terms of the provisions of Section136 of the Companies Act, 2013 (“the Act”)readwithRule11oftheCompanies(Accounts)Rules,2014,serviceofnotices/documentstothememberscanbemadethroughelectronicmode.Memberswho have registered their e-mail IDswithdepositoriesorwiththeCompany/RTAarebeing sent this Notice along with the AnnualReport of the Company with Attendance SlipandProxy Form by e-mail. Also, theMemberswhohavenotregisteredtheire-mailaddress,thephysicalcopiesarebeingsent to themthroughany recognized mode of delivery as specifiedunderSection20oftheAct.

The notice of the 32nd AGMalongwithAnnualReportoftheCompany,attendanceslipandproxyform will also be available on the Company’swebsite www.Indiaglycols.com under “InvestorRelations”section.

In order to receive faster communication and enable the Company to serve the members better and to promote the “Green Initiative”, members are requested to register their e-mail address(es) and changes there in from time to time, by directly sending the relevant e-mail address along with the details of name, address, Folio No., shares held:

i) To the Registrar and Share Transfer Agent, M/s MCS Share Transfer Agent Limited at the address at Note No. 4 above for shares held in physical form and;



ii) In respect of shares held in demat mode, also provide DP ID/ Client ID with the above details and register the same with their respective Depository Participants.

Uponregistrationofthee-mailaddress(es),theCompanyproposestosendNotices,AnnualReportandsuchotherdocumentstothoseMembersviaelectronicmode/e-mail.

9. IncaseofjointholdersattendingtheAGM,theMemberwhosenameappearsasthefirstholderintheorderofnamesaspertheRegisterofMembersoftheCompanywillbeentitledtovote.

10. AspertheprovisionsofSection72oftheAct,thefacilityformakingnominationorcancellation/variationinnominationalreadymade isavailable for theMembers in respectof thesharesheldby them.Memberswhohavenot yetregisteredtheirnominationarerequestedtoregisterthesamebysubmittingFormNo.SH-13formakingnominationandFormNo.SH-14forcancellation/variationasthecasemaybe.ThesaidformscanbedownloadedfromtheCompany’swebsitewww.indiaglycols.com(under‘InvestorRelations’section).Membersholdingsharesinphysicalformmay submit the same toM/sMCSShare TransferAgent Limited, theRegistrar &Share TransferAgent.Membersholdingsharesinelectronicformmaysubmitthesametotheirrespectivedepositoryparticipant(s).

11. The relevant details as required under Regulation 36(3) of SEBI Listing Regulations for theDirector(s) to beappointed/re-appointedareasunder:

Name of Director Shri M.K. Rao Shri U. S. BhartiaAge 58 62 DateofappointmentontheBoard

01.05.2008 29.11.1996

Qualifications B.Tech. (Chemical Engineering) fromAndhra University College of EngineeringandM.Tech.(ChemicalPlantDesign)fromIIT,Madras

BachelorofCommercewithHonoursfromCalcuttaUniversity

ExpertiseinSpecificfunctionalArea

ShriRaohasanoverallexperienceofover30yearsofPlantoperations,maintenanceand projects execution. Shri Rao isinvolved in the day to day managementof the Manufacturing Plant at Kashipurand various on-going projectswith regardto conception, planning and executionthereofandhasbeenguidingtheactivitiesall through. Shri Rao has lead the teamof processing engineers in developingengineering packages for variousdebottlenecking/plantexpansions,processimprovement schemes and cost effectiveenergyconservationschemes.

ShriU.S.Bhartia isan industrialistandhasover37yearsofexperienceofmanagingvarioustypesof Industries. Shri Bhartia is involved in the daytodaymanagerialactivitiesof theCompanyandtakes keen interest in various on-going projectsrightfromconception,planningandexecutionandhas been guiding the activities of theCompany.Shri Bhartia is associatedwith theCompany forover 19 years as Managing Director and is theChairmanoftheCompanysinceMarch,2008.

Directorships of otherListedCompanies

Nil 1.HindustanWiresLtd.2.PolylinkPolymers(I)Ltd.

Committeemembership(s)/Chairmanship(s) of otherListedCompanies

Nil 1.HindustanWiresLtd.– Member - Audit Committee, Nomination andRemunerationCommittee

2.PolylinkPolymers(I)Ltd.– Chairman - Stakeholders’ RelationshipCommittee

Member - Audit Committee, Nomination andRemunerationCommittee

Share holding as on 31.03.2016

Nil 4,48,722

Relationship betweenDirectorsinter-se

Nil Smt.JayshreeBhartia isthespouseofShriU.S.Bhartia

12. RoutemapshowingdirectionstoreachthevenueoftheThirtySecondAGMisannexedtotheNotice.13. Nogifts/couponswillbedistributedattheAGM.



EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013

ITEM NO. 4TheBoardofDirectors(the“Board”)oftheCompanyonthe recommendation of this Audit Committee, approvedtheappointmentofM/sR.J.Goel&Co.,CostAccountantstoconduct theauditofcost recordsof theCompany forthefinancialyearended31st March,2017.PursuanttotheprovisionsofSection148oftheCompaniesAct,2013readwithRule14oftheCompanies(AuditandAuditors) Rules, 2014, the remuneration payable to theCostAuditor, as recommendedby theAuditCommitteeand approved by the Board has to be ratified by themembersoftheCompany.Accordingly, consent of the members is being soughtby way of an ordinary resolution for ratification of theremuneration paid to the Cost Auditor for the financialyear2016-17.NoneoftheDirectors/KeyManagerialPersonneloftheCompany or their respective relatives are in any way,concerned or interested, financially or otherwise, in theOrdinaryResolutionatItemNo.4oftheNotice.

TheBoardrecommendstheresolutionsetoutatItemNo.4ofthenoticeforapprovalofthemembersasanOrdinary Resolution.

ITEM NO. 5TheMembers of theCompany at their Annual GeneralMeeting held on 27th September, 2011 appointedShriU.S.Bhartia,asChairmanandManagingDirectoroftheCompanyforaperiodof5yearsfrom1stApril,2011to31stMarch,2016.Shri Bhartia, aged about 62 years is a Bachelor ofCommerce with Honours from Calcutta University.ShriBhartiawasappointedasaDirectorandManagingDirectoroftheCompanyw.e.f.29thNovember,1996andis the Chairman of the Company since March, 2008.Shri Bhartia is involved in the day to daymanagementof the Company and takes keen interest in all theon-goingprojects right fromconceptionandplanning tillits execution and has been guiding the activities of theCompanyallthrough.ShriBhartiaholds4,48,722sharesoftheCompany.

Considering Shri Bhartia’s involvement and contributionto the growth of the Company and for the futurebenefitsof theCompany, theBoardofDirectorson therecommendation of the Nomination and RemunerationCommitteeatitsmeetingheldon11thFebruary,2016,hasapprovedthere-appointmentofShriBhartiaasChairmanandManagingDirectorforafurtherperiodof5yearsfrom1stApril,2016till31stMarch,2021subjecttotheapprovalofthemembersoftheCompany.

ShriBhartia isalsoaDirectoron theBoardofHindustanWires Ltd., Polylink Polymers (I) Ltd., Lund & BlockeleyPvt. Ltd., Kashipur Holdings Ltd., IGL Finance Ltd., JBCommercial Co. Pvt. Ltd., Facit Commosales Pvt. Ltd.,

AjayCommercialCo.Pvt.Ltd.,J.Boseck&Co.Pvt.Ltd.,SupreetVyapaarPvt.Ltd.,IGLInfrastructurePvt.Ltd.,JBTrusteePvt.Ltd.,PBTrusteePvt.Ltd.,PJTrusteePvt.Ltd.andUSBTrusteePvt.Ltd.HeisthememberofStakeholders’RelationshipCommitteeandMember/Chairmanof theFinanceCommittee,CSRCommittee, Risk Management Committee and ShareTransferCommitteeoftheCompany.ShriBhartiaisalsothememberoftheAuditCommitteeandNomination andRemunerationCommittee of HindustanWiresLtd.andPolylinkPolymers(I)Ltd.Also,he is theChairmanoftheStakeholders’RelationshipCommitteeofPolylinkPolymers(I)Ltd.During the FY 2015-16, Shri Bhartia attended all themeetingsoftheBoard/Committee(s)oftheCompany.Membersmaynotethat,inviewofthelossesbeingincurredbytheCompanysinceFY2012-13includingduringtheFY2015-16,managerialremunerationisrestrictedtothelimitsasspecifiedunderSection197andScheduleVoftheCompaniesAct,2013(“theAct”).However,keepinginviewofShriBhartia’spresentandfutureresponsibilities,his previous remuneration paid, industry norms and hisrole in placing the Company in pre-eminent position intheIndustry,thesameisnottheadequatecompensation.Accordingly,theBoardinpursuancetotheprovisionsofSection197 readwithScheduleVof theAct,approvedthe remuneration for a period of 3 years from 1st April,2016 which is at a reasonable level in line with theremunerationlevelsprevailingintheIndustry,asperthedetailsasmentionedintheresolutionatItemNo.5whichshallbe furthersubject to theapprovalofMembersandCentralGovernmentintermsoftheprovisionsoftheAct,ifrequired.The information required pursuant to the provisions ofSectionIIofPartIItoScheduleVoftheActisasunder:I. GENERAL INFORMATION:

(i) Nature of Industry India Glycols Limited is engaged in the

manufacturing and marketing of Chemicalsincluding specialty Chemicals, Ethyl Alcohol(Potable), Nutraceutical and herbal extraction,Natural Gum & its derivatives, Industrial Gases,etc.havingaturnoverofapprox.` 2,330Crores.The Company has the advantage of producingChemicals through agro route (green route)while theothermanufacturers aremanufacturingthroughPetroleum.TheCompanyhasdiversifieditsactivities fromMonoEthylGlycols (MEG)andEthyleneOxide(EO)derivativestootherspecialtychemicals,EthylAlcohol(potable),NaturalGumsand its derivatives, neutraceuticals and HerbalextractionsandIndustrialGases.

India Glycols Limited is a growing industry in thecurrenteconomicscenarioduetoinevitable



demand of Pharmaceutical & Nutraceuticalindustries, Food industries, Textile industry,AutomobileindustryandPotablesegment.IndiaGlycols Limited is the leading manufacturer ofChemicals including MEG, Ethoxylates andGlycolEthers throughMolassesroute,which ismostappreciableduetoeco-friendlynatureinalloverworld.

(ii) Date of commencement of commercial production

1st January,1990.(iii) In case of new companies, expected date of

commencement of activities as per project approved by financial institutions appearing in the prospectus.

NotApplicable(iv) Financial Performance based on given

indicators The relevant financial figures (Audited) for the

last5yearsareasunder:-(Amount in ` crores)

Particulars 2011-12

2012-13

2013-14

2014-15

2015-16

Paid up sharecapital

27.88 30.96 30.96 30.96 30.96

Reserves andsurplus

454 598 475 424 396

Total Turnoverincluding other income

2633 3347 2914 2601 2329

Profit/(loss)be-fore Deprecia-tion,exceptionalitemandTax

234 247 105 22 61

Depreciationandexceptionalitem

77 82 275 138 113

Profit/(loss)beforeTax

157 165 (170) (116) (52)

ProvisionforTax

52 44 (50) (55) (18)

Profit/(loss)afterTax

105 121 (120) (61) (34)

(v) Foreign Investments or collaborators, if any: NIL

II. INFORMATION ABOUT THE APPOINTEE:(a) Background Details ShriU.S.Bhartiaagedabout62yearshasoverall

experienceofover37yearsofmanagingvarioustypes of Industries. Shri Bhartia is associatedwith IndiaGlycolsLimited forover19yearsasManaging Director and involved in the day today managerial activities of the Company. Asis evident from his experience and industrialist

background,ShriBhartia is ideally suited to thenatureofourIndustry,thebenefitsofwhich,theCompanyhasreapedovertheyears.

(b) Past Remuneration (i) ForFY2013-14:`267.03lacs (ii)ForFY2014-15:`137.30lacs (iii)ForFY2015-16:`137.33lacs(c) Recognition or Awards Shri Bhartia is a renowned personality in

the Chemical industries and had immenselycontributed to the nation in developing andintroducingqualitychemicalincludingMEGandotherspecialtychemicals,EthylAlcohols,NaturalGumsetc.HewasconferredasBusinessLeaderfortheyear2013.

Also,underhisableleadership,theCompanyhasbeenawardedthegrandgoldawardforthesixthyear in a row byMonde Selection Committee,Belgium, for attaining high level of quality forExtraNeutralAlcohol(ENA).

(d) Job Profile and his Suitability As stated above, Shri Bhartia is a Bachelor of

Commerce with Honours from the Universityof Calcutta with over 37 years of experienceofmanaging various types of Industries and isvestedwithsubstantialpowersofmanagementof the Company. He is associated with IndiaGlycolsLimited forover19yearsasManagingDirectorandinvolvedinthedaytodaymanagerialactivities of the Company. As is evident fromhis experience and industrialist background,ShriBhartiaisideallysuitedtothenatureofourIndustry,thebenefitsofwhich,theCompanyhasreapedovertheyears.

Under his able leadership, the Company hasgrownfromsingleproductofMEGatsingleplantat Kashipur to multi products including EOD,Glycol Ethers, Ethyl Alcohol (Potable), NaturalGums, Industrial Gases, Nutraceuticals HerbalExtraction, Sugar etc. at four different plantlocations including Sugar plant at Saharanpur,UttarPradesh.Theplant capacityofMEGandequivalenthasbeen increasedfrom60MTperday in the year 1996 to presently 575MT perday. The Company’s turnover has since beenincreasedfrom`122Croresintheyear1996to`2,330Croresintheyear2015-16.

The Company is also exporting its productsto approx. 65 countries and theCompany hasregisteredanexportssalesvalueof̀ 873Croresin the FY 2015-16.The FixedAssets base hasbeen increased from `156 Crores in the year1996to`1881CroresduringtheFY2015-16.

Under the diversification plan initiated by ShriBhartia, the Company has also set up EthylAlcohol Division at its distilleries in KashipurandGorakhpurwith an overall capacity of 725



KL per day and is among few Companies inthecountryhaving licenseofoperations inandsaleofCountryLiquorandIndianMadeForeignLiquor(IMFL)intwostatesofUttarPradeshandUttarakhand. The sales value of Ethyl AlcoholDivisionhas increased from` 67Crores in theyear 2006 to `1,150Croresintheyear2016.

Underhisguidance,theCompanyhasalsosetupanIndustrialGasesdivisionproducingOxygen,NitrogenandArgonwith anoverall capacity of13000 NM3/h. The Company has also set upCarbondioxideproducingplantatKashipurwithacapacityof160MT/day.

TheCompanyhasalsomodifieditsexistingGuarGumPlant to produce value added derivativesfor Oil Field Industry, specialty derivatives forfood&paperindustryandTextileIndustry.

As a further step towards diversification plansinitiated byShri Bhartia, theCompany has setupa100%ExportOrientedundertaking (100%EOU) by the name of Ennature Bio-pharmadivision. The Company has taken 47 acresland on lease from Uttarakhand government,where it is growingawide variety ofmedicinalplants etc. The Company has also set up aSupercritical Fluid Extraction facility (SCFE)atDehradun,whichwill beCGMPcompliance.The unit is used for extraction ofDietaryFoodsupplements,NaturalColors,Health care fruits& vegetables, Herbal Extracts, Fruit flavors &fragrances & Spice flavors & extracts. Futurethrust is to become supplier of more refinednaturalActivePharmaceutical Ingredients(API)& intermediates to pharmaceutical & naturalhealthproductindustries.Alltheseareveryhighvalueaddedproducts.

All the four plants of the Company are beingcontrolled from the head office at Noida, U.P.underthesupervision,guidanceanddirectionofShriBhartia,whotakeskeeninterestinvariouson-going projects conception, planning andexecution and has been guiding the activitiesof the Company all through. Since variousprojects of the Company are in the advancedstageofcompletion,ShriBhartia’sguidanceanddirectionwouldcontinuetobeofgreatassetandadvantagetotheCompany.

TheworkprofileofShriU.S.Bhartiahasincreasedalotduetothecapacityincrease,establishmentofnewplantsatdifferentlocations,diversificationofactivitiesintonewareasofoperationsetc.

(e) Remuneration Proposed As mentioned in the Resolution proposed at Item

No.5oftheNotice.(f) Comparative remuneration Profile with

respect to industry, size of the Company, profile of the position and person

The prevalent levels of remuneration inmanufacturing industries, in general and theindustry in particular are higher. Taking intoaccount the turnover of the Company andresponsibilities being discharged by Shri U.S.Bhartia and his contribution to the growth ofthe Company, the proposed remuneration isreasonable and commensurate with the size/natureofoperationsoftheCompanyandisalsoinlinewiththeremunerationlevelsintheIndustryandbenefitshisposition.

(g) Pecuniary relationship directly or indirectly with the Company, or relationship with the managerial personnel, if any.

ShriU.S.BhartiaisoneofthePromotersoftheCompanyandhasbeeninstrumentalinbringingsignificantgrowth in thevolumeof itsbusinesssince inception. He is not related to any otherDirector, Manager and other Key ManagerialPersonneloftheCompanyexceptSmt.JayshreeBhartia,Director,whoisrelatedasspouse.

III. OTHER INFORMATION:(a) Reasons of loss or inadequacy of Profits TheperformanceoftheCompanyremainedweak

onaccountoflowerMonoethyleneGlycol(MEG)prices due to reduced crude oil prices. Also,the demand for Guar Gum remained low dueto sluggish demand from themajor consumingsector which is US shale. The performancewas further affected as domestic prices of ourfeedstockviz.molassesandalcohol,werehighon account of poor availability of ethanol anddiversionofethanoltowardstheimplementationof Ethanol BlendingwithPetrol (EBP)Programof Government of India at an unrealistic andexorbitantprice resulting ina sharp increase inthepricesofethanollocally.

(b) Steps taken or proposed to be taken for improvement

Under the current challenging businessenvironment,theCompanyismakingallpossibleeffortstoincreasetheturnover,managingcosts,improveproductivity,planningandmanagement.Alsotodiversifythebusinessandexploringnewmarketsandlaunchingnewproducts.Inthisline,theCompanyhadlauncheditspremiumproductsunder the brand name of “V2OVodka” in threeflavorsviz.Orange,GreenAppleandSmoothinVodkacategoryandSoulmateinWhiskycategory.TheCompany has also extended the launch ofBeachHousePremiumXXXRum.BeachHousePremiumRumforsupplytoIndianDefenseforcesthroughCSDhasbeenapproved.

(c) Expected increase in productivity and profits in measurable terms

TheCompanyexpects increase in the turnoverinthequantum.



TheMembersmayalsonotethatearlier,duetoinadequacyoftheprofits,theCompanyhadapproachedtheCentralGovernmentandtheCentralGovernmentvideits lettersdated 21stApril, 2010and24thOctober, 2011approveda remunerationof` 2,67.03 lacs for theperiod from1st April, 2008 to 31stMarch, 2011 and from the period 1st April,2011to31stMarch,2014,respectively.

Further,duringtheFY2014-15and2015-16,ShriBhartia was paid a remuneration of ` 137.30 lacs asapprovedbyCentralGovernmentvideitsapprovaldated22ndJanuary,2015.

ConsideringtheearlierapprovalsgrantedbytheCentralGovernmentandtheresponsibilitiesandfunctionsofShriBhartia, the Board of Directors, on the recommentationof Nomination and Remuneration Committee, approvedremuneration payable to Shri Bhartia, as mentioned initemNo.5ofthisNotice.

Accordingly,approvalof theMembers issoughtbywayofspecialresolutionforShriBhartia’sre-appointmentforafurthertermof5yearsw.e.f.1stApril,2016andalsoforpaymentofremunerationforaperiodof3yearsw.e.f.1st April,2016.ThepaymentofremunerationshallfurtherbesubjecttoapprovaloftheCentralGovernment.

Theabovemaybetreatedasanabstractandmemorandumsetting out the terms of contract of appointment ofShriU.S.BhartiaunderSection190oftheAct.

Copyofrelevantdocumentsincludingthememorandum(s)setting out the terms of remuneration, are open forinspectionbytheMembersattheRegisteredOfficeoftheCompanybetween11.00a.m.to1.00p.m.onallworkingdaysuptothedateofAnnualGeneralMeetingandshallalsobeavailableattheMeeting.

Except Shri U.S. Bhartia and Smt. Jayshree Bhartia,noneoftheDirectors/KeyManagerialPersonneloftheCompany or their respective relatives are in any way,concerned or interested, financially or otherwise, in theSpecialResolutionatItemNo.5oftheNotice.

TheBoardofDirectorsrecommendtheresolutionatItemNo.5ofthisNoticeforapprovaloftheMembersbywayofa Special Resolution.

ITEM NO. 6TheMembers of theCompany at their AnnualGeneralMeeting held on 18th September, 2013 appointed ShriM.K. Rao as an Executive Director of the Companyw.e.f.1stApril,2013foraperiodof5years.Further,theBoard of Directors on the recommentation of erstwhileRemuneration Committee, revised the remunerationw.e.f.1stApril,2013foraperiodnotexceedingthree(3)years31stMarch,2016whichwasalsoapprovedbytheMembersvidetheirresolutiondated15thMarch,2014.

ShriM.K.Raoagedabout58yearsisB.Tech.(ChemicalEngineering) from Andhra University College ofEngineering andM.Tech. (ChemicalPlantDesign) fromIIT, Madras. Considering the contributions of Shri Raoin the growth of the Company and his involvement in

the future assignments, the Board of Directors on therecommendation of the Nomination and RemunerationCommitteeoftheBoardofDirectorsatitsmeetingheldon11thFebruary,2016,hasapprovedthepaymentofsameremuneration (as in viewof the financial position of theCompany,ShriRaohasvolunteered forno increase) toShri Rao as per the details mentioned in the resolution at ItemNo.6ofthenoticeforafurtherperiodof2yearstill31stMarch,2018(i.e.fortheremainingperiodofhistenure)whichshallbesubjecttotheapprovaloftheMembersoftheCompany in terms of the provisions of Section 197andScheduleVoftheAct.

Shri Rao does not hold directorship in any other company anddoesnotholdanysharesintheCompany.Heisnotrelated to any other director, manager and other KeyManagerialPersonneloftheCompany.Hehasattendedallmeetingsof theBoard/CommitteeheldduringtheFY2015-16.

The information required pursuant to the provisions ofSectionIIofPartIItoScheduleVoftheActisasunder:

I. GENERAL INFORMATION:

(i) Nature of Industry

India Glycols Limited is engaged in the manufacturing and marketing of Chemicalsincluding specialty Chemicals, Ethyl Alcohol(Potable), Nutraceutical and herbal extraction,NaturalGum&itsderivatives,IndustrialGases,etc.havingaturnoverofapprox.`2,330crores.TheCompanyhas theadvantageof producingChemicals through agro route (green route)whiletheothermanufacturersaremanufacturingthroughPetroleum.TheCompanyhasdiversifieditsactivitiesfromMonoEthylGlycols(MEG)andEthyleneOxide(EO)derivativestootherspecialtychemicals,EthylAlcohol(potable),NaturalGumsand its derivatives, neutraceuticals and HerbalextractionsandIndustrialGases.

India Glycols Limited is a growing industry in thecurrenteconomicscenarioduetoinevitabledemand of Pharmaceutical & Nutraceuticalindustries, Food industries, Textile industry,Automobile industry and Potable segment.India Glycols Limited is leading manufacturerof Chemicals including MEG, Ethoxylates andGlycolEthers throughMolassesroute,which ismostappreciableduetoeco-friendlynatureinalloverworld.

(ii) Date of commencement of commercial production

1st January,1990.

(iii) In case of new companies, expected date of commencement of activities as per project



approved by financial institutions appearing in the prospectus.

NotApplicable

(iv) Financial Performance based on given indicators

The relevant financial figures (Audited) for thelast5yearsareasunder:-

(Amount in ` crores)

Particulars 2011-12

2012-13

2013-14

2014-15

2015-16

Paid up sharecapital

27.88 30.96 30.96 30.96 30.96

Reserves andsurplus

454 598 475 424 396

Total Turnoverincluding other income

2633 3347 2914 2601 2329

Profit/(loss)be-fore Deprecia-tion,exceptionalitemandTax

234 247 105 22 61

Depreciationandexceptionalitem

77 82 275 138 113

Profit/(loss)beforeTax

157 165 (170) (116) (52)

ProvisionforTax

52 44 (50) (55) (18)

Profit/(loss)afterTax

105 121 (120) (61) (34)

v) Foreign Investments or collaborators, if any: NIL

II. INFORMATION ABOUT THE APPOINTEE:(a) Background Details ShriM.K.Raoagedabout58years isB.Tech.

(ChemicalEngineering) fromAndhraUniversityCollege of Engineering and M.Tech (ChemicalPlantDesign) from IIT,Madras.ShriRao hasanoverallexperienceofover30yearsofPlantoperations,maintenanceandprojectsexecution.He had joined the Company in the year 1988asDy.Manager (TechnicalServices) and roseto the level of Sr. Vice President and PlantHeadintheyear2005.Hehas ledtheteamofprocessingengineersindevelopingengineeringpackages for various debottlenecking/plantexpansions,processimprovementschemesandcosteffectiveenergyconservationschemes.HeisinvolvedinthedaytodaymanagementoftheManufacturing Plant at Kashipur and variouson-going projects with regard to conception,planning and execution thereof and has been

guidingtheactivitiesallthrough.(b) Past Remuneration (i) ForFY2013-14:`64.96lacs (ii) ForFY2014-15:`64.50lacs (iii)ForFY2015-16:`65.23lacs(c) Recognition or Awards NIL(d) Job Profile and his Suitability Asstatedabove,ShriM.K.Rao isaCorporate

Professional and holds B.Tech. (ChemicalEngineering) from Andhra University Collegeof Engineering and M.Tech. (Chemical PlantDesign)fromIIT,Madras.ShriM.K.Raoishasanoverallexperienceofover30yearsofPlantoperations,maintenanceandprojectsexecution.Shri Rao had joined the Company in the year1988asDy.Manager(TechnicalServices)androsetothelevelofSr.VicePresidentandPlantHeadintheyear2005.Hewaselevatedtotheposition ofExecutiveDirector in the year 2008andisinvolvedinthedaytodaymanagementoftheManufacturingPlantatKashipurandvariouson-going project with regard to conception,planning and execution thereof and has beenguiding the activities all through. Shri Raohas lead the team of processing engineers indeveloping engineering packages for variousdebottlenecking/plant expansions, processimprovementschemesandcosteffectiveenergyconservationschemes.

(e) Remuneration Proposed As mentioned in the Resolution proposed at Item

No.6oftheNotice.

(f) Comparative remuneration Profile with respect to industry, size of the Company, profile of the position and person

The prevalent levels of remuneration inmanufacturing industries, in general and theindustry in particular, are higher. Taking intoaccount the turnover of the Company andresponsibilitiesofShriM.K.Rao,theproposedremuneration is reasonableand in linewith theremuneration levels in the Industry, across thecountryandbefitshisposition.Also,thereisnoincrease in the Remuneration and is same as wasdrawnduringthepreviousyear.

(g) Pecuniary relationship directly or indirectly with the Company, or relationship with the managerial personnel, if any

Shri M.K. Rao is not related to anybody inthe Promoter Group or any other managerialpersonnel and has no pecuniary relationship with



theCompanyotherthantheremunerationbeingpaidtohim.

III. OTHER INFORMATION:(a) Reasons of loss or inadequacy of Profits TheperformanceoftheCompanyremainedweak

onaccountoflowerMonoethyleneGlycol(MEG)prices due to reduced crude oil prices. Also,the demand for Guar Gum remained low dueto sluggish demand from themajor consumingsector which is US shale. The performancewas further affected as domestic prices of ourfeedstockviz.molassesandalcohol,werehighon account of poor availability of ethanol anddiversionofethanoltowardstheimplementationofEthanolBlendingwithPetrol (EBP)Programof Government of India at an unrealistic andexorbitantpriceresulting inasharp increase inthepricesofethanollocally.

(b) Steps taken or proposed to be taken for improvement

Under the current challenging businessenvironment,theCompanyismakingallpossibleeffortstoincreasetheturnover,managingcosts,improveproductivity,planningandmanagement.Also to diversify the business, exploring newmarketsandlaunchingnewproducts.Inthisline,theCompanyhadlauncheditspremiumproductsunder thebrandnameof “V2OVodka” in threeflavors viz. Orange, Green Apple and Smoothin Vodka category and Soulmate in Whiskycategory.TheCompanyhasalsoextended thelaunch of Beach House Premium XXX Rum.Beach House Premium Rum for supply toIndian Defense forces through CSD has beenapproved.

(c) Expected increase in productivity and profits in measurable terms

TheCompanyexpects increase in the turnoverinthequantum.

Theabovemaybetreatedasanabstractandmemorandumsetting out the terms of contract of appointment ofShriM.K.RaounderSection190oftheAct.

Accordingly,approvalof theMembers issoughtbywayofspecialresolutionforpaymentofremunerationtoShriM.K.Rao for remainingperiodof2 yearsofhis currenttenurew.e.f.1stApril,2016.

Copyofrelevantdocumentsincludingthememorandum(s)setting out the terms of remuneration, are open forinspectionbytheMembersattheRegisteredOfficeoftheCompanybetween11.00a.m.to1.00p.m.onallworkingdaysuptothedateofAnnualGeneralMeetingandshallalsobeavailableattheMeeting.

Except Shri M. K. Rao, none of the Directors / KeyManagerialPersonneloftheCompanyortheirrespectiverelatives are in any way, concerned or interested,financiallyorotherwise,intheSpecialResolutionatItemNo.6oftheNotice.

TheBoardofDirectorsrecommendstheresolutionatitemNo.6ofthisNoticeforapprovaloftheMembersbywayofa Special Resolution.

ITEM NO. 7ThegrowthplansoftheCompanyenvisagepromotionofGreentechnologybasedChemicalsandexpansioninotherareasofoperation.Theseprojectswillnecessitateexternalinfusionoffundsatdifferentpointsoftimeinthefuture.

WithaviewtoraiselongtermfinanceaswellasmeetingCompany’s fund requirements for expansion, capitalexpenditure, general corporate purposes and for otherexpendituresaspermittedundertheprevailingguidelinesin this regard, the Company proposes to raise fundsthrough issue of Equity Shares and/or instruments orsecuritiesconvertibleintoequitysharesoftheCompanysuch as Global Depository Receipts and/or AmericanDepositoryReceiptsand/orconvertiblepreferencesharesand/or convertible debentures or bonds (compulsorilyand/or optionally, fully and / or partly), and/or non-convertible debentures with warrants and/or securitieswithorwithoutdetachable/non-detachablewarrantsand/orwarrantswitharightexercisablebythewarrant-holdertosubscribe forequitysharesand /orForeignCurrencyConvertibleBonds(FCCBs)convertibleintoequitysharesat the option of the Company or the holder(s) thereof,up toanaggregateprincipalamountof` 250.00Crores(Rupees TwoHundred FiftyCrores) or its equivalent inany other currency on the terms and conditions as stated inResolutionno.7ofthisNotice.

TheaboveissuewouldbesubjecttotheapprovaloftheGovernmentofIndia(GOI),ReserveBankofIndia(RBI),SecuritiesandExchangeBoardofIndia(SEBI)andotherauthoritiesconcerned,whereverapplicable.

The pricing of the equity shares to be issued pursuantto the resolution to be approved at the Meeting uponexerciseoftheoptionofconversionoftheFCCBswillbeinaccordancewiththeprescribedguidelinesunderForeignCurrencyConvertibleBondsandOrdinaryShares(ThroughDepositoryReceiptMechanism)Scheme,1993asamendedasalsoinaccordancewiththetermsofoffering.

TheseFCCBsmaybelistedonStockExchange(s),abroad,asmaybedeemedfit by theBoard.Theequity sharesissuedandallotteduponexerciseoftheoptionavailableontheFCCBsshallbelistedontheStockExchangesinIndiawheretheCompany’ssecuritiesarelisted.

This resolution is proposed as an enabling resolutionto authorize the Board of Directors to raise long term



fundsaswellasmeetingCompany’s fund requirementsfor expansion, capital expenditure, general corporatepurposes and for other expenditures as theBoardmaydecideandaspermittedundertheprevailingguidelinesinthisregard.ThisresolutionalsogivesadequateflexibilityinrespectofworkingoutthemodalitiesofissueasalsotoissueFCCBsinsuchtranches,atsuchtimesastheBoardmayinitsabsolutediscretiondeemfit.

Pursuant to the provisions of Sections 41, 42, 62 and71 of the Companies Act, 2013 read with SEBI ListingRegulations, a Company proposing to issue Securitiesto persons other than the existing shareholders or thepublic,isrequiredtoobtaintheapprovalofthemembersbywayofaSpecialResolution.Since theSecuritiesasmentionedinresolutionno.7ofthisnotice,maybeofferedtothepersonsotherthantheexistingshareholders, it isproposedtoobtaintheapprovalofShareholdersbywayofaspecialresolution.

NoneoftheDirectors/KeyManagerialPersonneloftheCompany or their respective relatives are in any way,

concerned or interested, financially or otherwise, in theSpecialResolutionatItemNo.7oftheNotice.

TheBoardofDirectorsrecommendstheresolutionatitemNo.7ofthisNoticeforapprovaloftheMembersbywayofa Special Resolution.

By order of the BoardFor India Glycols Limited

Place : Noida Ankur JainDate : 5thAugust,2016 Company Secretary

RegisteredOffice:A-1,IndustrialArea,BazpurRoad,Kashipur-244713,DistrictUdhamSinghNagar,UttarakhandCIN:L24111UR1983PLC009097TelephoneNo.:+91-5947-269000,269500Fax:+91-5947-275315,269535Website:www.indiaglycols.come-mail:[email protected]



Bus

Sta

nd

RO

UTE

MA

P O

F 32

nd A

GM

VEN

UE

A-1

, Ind

ustr

ial A

rea,

Baz

pur

Roa

d,

Kas

hipu

r-24

4713

, D

istr

ict U

dham

Sin

gh N

agar

, U

ttar

akha

nd

INDIAGLYCOLSLIMITEDCIN:L24111UR1983PLC009097

RegisteredOffice:A-1,IndustrialArea,BazpurRoad,Kashipur-244713,Distt.UdhamSinghNagar,Uttarakhand

Signatureofshareholder/proxy

ATTENDANCE SLIP

INDIAGLYCOLSLIMITEDCIN:L24111UR1983PLC009097

RegisteredOffice:A-1,IndustrialArea,BazpurRoad,Kashipur-244713,Distt.UdhamSinghNagar,Uttarakhand

Nameofthemember(s): EmailId:

Registeredaddress: FolioNo./ClientId:

DPId:

I/We,beingthemember(s)of…….........................................…sharesoftheabovenamedCompanyherebyappoint:

1)_____________________________of___________________________havingemailid________________________________orfailinghim



andwhosesignature(s)areappendedbelowasmy/ourproxytoattendandvote(onpoll)forme/usandonmy/ourbehalfatthe32nd Annual General MeetingoftheCompany,tobeheldonSaturday, 24th September, 2016 at 11.00 A.M. at A-1, Industrial Area, Bazpur Road, Kashipur-244 713, District Udham Singh Nagar, Uttarakhandandatanyadjournmentthereofinrespectofsuchresolutionsasareindicatedbelow:

PROXY FORM[Pursuant to section 105(6) of the Companies Act,2013andrule19(3)oftheCompanies(ManagementandAdministration)Rules,2014]

Signedthis…………………….dayof……………………2016.

……………………….. ……………………………….Signatureofmember Signatureofproxyholder(s)Notes:1. This form, in order to be effective, should be duly stamped, completed, signed and deposited at the Registered Office of the Company, not less than 48 hours before the

commencement of the meeting.2. A proxy need not be a member of the Company.3. Apersoncanactasaproxyonbehalfofmembersnotexceedingfiftyandholdingintheaggregatenotmorethan10%ofthetotalsharecapitaloftheCompanycarryingvotingrights.A

memberholdingmorethan10%ofthetotalsharecapitaloftheCompanycarryingvotingrightsmayappointasinglepersonasproxyandsuchpersonshallnotactasaproxyforanyotherpersonorshareholder.

4. Appointingaproxydoesnotpreventamemberfromattendingthemeetinginperson,ifhe/shesowishes.5. Fortheresolution,explanatorystatementandnotes,pleaserefertothenoticeoftheAnnualGeneralMeeting.**6.Thisisonlyoptional.Pleaseputa‘√’intheappropriatecolumnagainsttheresolutionsindicatedintheBox.Ifyouleavethe‘For’or‘Against’columnblankagainstanyoralltheresolutions,

yourProxywillbeentitledtovoteinthemannerashe/shethinksappropriate.7. Incaseofjointholder,thesignatureofanyoneholderwillbesufficient,butnamesofallthejointholdersshouldbestated.

**Iwishmyaboveproxytovoteinthemannerasindicatedintheboxbelow:

Affixrevenuestampofnot

less than `1.00

Resolution No. RESOLUTIONS FOR AGAINSTORDINARY BUSINESS1. Adoptionofauditedfinancialstatements(includingtheconsolidatedfinancialstatements)forthefinan-

cialyearended31stMarch,2016.2. Re-appointmentofShriM.K.Rao,whoretiresbyrotation.3. AppointmentofStatutoryAuditorsandtofixtheirremuneration.SPECIAL BUSINESS4. ApprovalRatificationoftheremunerationoftheCostAuditor.5. ApprovalforRe-appointmentofShriU.S.Bhartia,asChairmanandManagingDirectoroftheCompany.6. ApprovalforremunerationofShriM.K.Rao,ExecutiveDirectoroftheCompany.7. Approvalofraisingoffundsbywayofissueofsecurities.

I/We___________________________________________R/o.______________________________________ hereby recordmy/our presenceatthe32ndAnnualGeneralMeetingoftheCompanyheldonSaturday,the24th September, 2016 at 11.00 A.M. at A-1, Industrial Area, Bazpur Road, Kashipur – 244713, Distt. Udham Singh Nagar, Uttarakhand

DPID*_____________________ FolioNo.____________________

ClientID*___________________ No.ofShares________________

Note:Pleasecompletethisandhanditoverattheentranceofthemeetingvenue.*Applicableforinvestorsholdingsharesinelectronicform.

Dear Member,

Subject: Voting through electonic means on resolutions proposed to be passed at the Thirty Second Annual General Meeting of India Glycols LimitedPursuant to provisions of Section 108 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the Company is pleased to offer remote E-Voting facility to the members to cast their votes electronically on the resolutions, proposed to be passed at the Thirty Second Annual General Meeting to be held on Saturday, the 24th September, 2016 at 11.00 A.M. The Company has engaged the services of National Securities Depository Limited (“NSDL”) to provide Remote E-Voting facilities. The Remote E-Voting facility is available at the link https://www.evoting.nsdl.com

The electronic voting particulars are set out below:

REVEN (Remote E-Voting event number)

User ID Password/PIN

The e-voting facility will be available during the following voting period:

Commencement of Remote E-Voting End of Remote E-Voting

Tuesday, 20th September, 2016 at 9.00 A.M. Friday, 23rd September, 2016 at 5.00 P.M.

Please read the instructions given at Note No. 7 of the Notice of the 32nd Annual General Meeting carefully before voting electronically.The remote e-voting shall not be allowed beyond the aforesaid date and time and the remote e-voting module shall be disabled by NSDL upon expiry of the aforesaid period.These details and instructions form integral part of the Notice of the Annual General Meeting to be held on 24th September, 2016 at 11.00 A.M.

Yours FaithfullyFor India Glycols Limited

Place : Noida Ankur JainDate : 5th August, 2016 Company Secretary

India Glycols LimitedCIN: L24111UR1983PLC009097

A-1, Industrial Area, Bazpur Road,Kashipur-244713 Dist. Udham Singh Nagar, Uttarakhand

Phone No. : 05947-269000, 269500 Fax : 05947-275315, 269535Website : www.indiaglycols.com E-Mail : [email protected]

CIN: L24111UR1983PLC009097 India Glycols Limited · PDF fileWebsite : E-Mail : iglho@ . India Glycols Limited 32nd Annual Report 2015-16 | 3 premium not exceeding ` 20,000 per annum;

Documents