West Bengal Small Industries Development Corporation Ltd. Shilpa Bhawan, 31, Black Burn Lane, – 12. Minutes of the 343rd Meeting of the Board of Directors Date & Time: 12th September, 2017 at 1.00 P.M. Venue: Conference Hall, Shilpa Bhawan

Names of the Directors of the Corporation present in the Meeting:

1) Col Sabyasachi Bagchi Chairman 2) Shri Tajmul Hossain Vice-Chairman 3) Smt. R.Alice Vaz, IAS Managing Director 4) Shri Pulok Roy, MLA Director 5) Shri Biswanath Bhattacharya Director 6) Shri Hitangshu Kumar Guha Director 7) Smt. Debarati Duttagupta Executive Director IN ATTENDANCE Shri Manoj Kumar Panda, Company Secretary, the WBSIDC Ltd.

BY INVITATION 1. Smt T. Dutta, Executive Director-Infra & MM, The WBSIDC Ltd 2. Shri Shyamapada Debnath, CAO,WBSIDC Ltd 3. Shri Ashok Singh- Executive Engineer, The WBSIDC Ltd. 4. Shri Manoj Chakraborty, EM, The WBSIDC Ltd. 5. Shri M.M.Ghosh-Law Officer, The WBSIDC Ltd. 6. Shri Amlan Das – Land Officer, The WBSIDC Ltd. 7. Shri S.Nandi, Finance Officer, The WBSIDC Ltd. 8. Smt. Manali Mukherjee, Senior Manager, The WBSIDC Ltd. 9. Shri R.K.Saha, AE-Civil, The WBSIDC Ltd.

As the requisite quorum was present, the Chairman proceeded with the Agenda Items serially as under:- Agenda Item No. 1- 343 Chairman to welcome the Board of Directors Col Sabyasachi Bagchi, the Chairman of the WBSIDC Ltd, welcomed all the members of the Board of Directors. Agenda Item No. 2- 343 To Grant Leave of Absence to the Absentee Directors.

The Company Secretary informed the Board, that Shri Rajiva Sinha IAS, Additional Chief Secretary, MSME&T Deptt., Govt. of , Shri Vijay Bharti, IAS,Director, MSME Directorate, Shri A. Bandopadhyaya, IAS, Director MSME DI, Shri Arindam Mukherjee, Joint Secretary, Finance Dept. Govt. of West Bengal, and Shri A.T.M. Abdullah, Directors of the Corporation were not able to attend the Board Meeting. The Board Noted the same and Leave of Absence was granted to the Absentee Directors who could not attend the meeting due to their preoccupation.

Agenda Item No. 3- 343 To Confirm the Minutes of the 342nd BOD Meeting held on 6th July, 2017. Minutes of the 342nd BOD Meeting, held on 6th July, 2017, was read. The Chairman requested the Board for their valuable observations for discussion.

After a brief discussion, the BOD confirmed the Minutes of the 342nd BOD Meeting and the Chairman Signed the same.

Agenda Item No. 4- 343 To take Note the Action Taken Report of the 342nd BOD Meeting held on 6th July, 2017 The BOD noted Action Taken Report of the 342nd BOD Meeting held on 6th July, 2017(Annex-A).

Agenda Item No. 5- 343 To induct Sri Arindam Mukherjee, WBCS(Exe), Joint Secretary, Finance Deptt. Govt. of West Bengal, as Director of the WBSIDCL. The BOD noted that vide Notification No. 2343-IC&E(III)/2C-03/17 dated 27-07- 2017 of Department of Industry, Commerce and Enterprises and Letter Memo No 4660(2)-F(H)FA/O/2M/40/16(N.B) dated Howrah 27.07.2017(copy enclosed) issued by Deputy Secretary to the Government of West Bengal, Finance Department(Audit Branch), Sri Arindam Mukherjee, WBCS (Exe),Joint Secretary, Finance Deptt. Govt. of West Bengal has been nominated as a Director of the WBSIDCL

The BOD passed the following resolutions effecting the appointment of Sri Arindam Mukherjee, WBCS (Exe), Joint Secretary, Finance Deptt. Govt. of West Bengal as a Director of the WBSIDCL: “RESOLVED THAT Sri Arindam Mukherjee, WBCS (Exe),Joint Secretary, Finance Deptt. Govt. of West Bengal be and is hereby appointed as Director of the Corporation with effect from the date. RESOLVED FURTHER THAT Shri Manoj Kumar Panda, Company Secretary of the Corporation be and is hereby authorized to file the necessary forms and returns with the Registrar of Companies-West Bengal and to take necessary action in this regard.” Agenda Item No. 6- 343 To apply to the ROC, W.B. for Extension of Time to Convene the AGM for the year ended 31.03.2017 The BOD noted that though statutory audit of the Financial Statements for the Financial Year ended 31st March, 2016 has been completed, supplementary audit report from the CAG‟s end was yet to be received which causing delay in convening the AGM for the year ended 31.03.2016. It was also noted that after holding AGM for the year 2015-16, the Audit will start for the year 2016-17. As it was obvious from the above that there will be Delay in holding the AGM for the year 2016-17, the BOD resolved to Apply to the ROC, W.B. for Extension of Time to Convene the AGM for the year 2016-17 by passing the following resolution in this behalf:

“RESOLVED THAT pursuant to the provisions of sub section (1) of Section 96 and other applicable provisions, if any, of the Companies Act 2013, (including any statutory modification or re-enactment thereof for the time being in force) and subject to the Articles of Association of the Company and subject to such approvals, consents, sanctions and permissions of the appropriate authorities, departments or bodies as may be necessary the Company do hereby make an Application to the Registrar of Companies-WB for Extension of Time for holding the Annual General Meeting for the Financial Year ended 31.03.2017".

“RESOLVED FURTHER THAT Smt. R. Alice Vaz, IAS Managing Director and Shri Manoj Kumar Panda Company Secretary of the Company be and are hereby severally authorized to sign the application and to take such steps as may be necessary for obtaining approvals, in relation to the above and incidental thereto and sign and execute all applications, documents and writings that may be required, on behalf of the Company and generally to do all acts, deeds and things that may be necessary for the purpose of giving effect to the aforesaid Resolution.”

Agenda Item No. 7- 343 To approve the rate of Long Term Lease Premium/ Short Term Lease Rent of Behala I.E. and Berhampore I.E. The BOD discussed the report of the “Valuation Committee” on fixation of Rates of Long Term Lease Premium of Plots of Berhampore Industrial Estate for a term of 30/50 years and Long Term Lease Premium / Short Term Lease Rent of Plots/ Sheds/ Building Spaces of Behala Industrial Estate for the term for 15/30/50/99 years, which were not in the subsistence. After discussion, the BOD approved the rates for these estates appended hereunder.

Sl. Name of the Rate approved by the Rate Review Committee No. Estate

01. Berhampore I.E 99 years L.T. Premium- Rs10,00,000.00 per Kattah.

50 years L.T. Premium- Rs 900000.00 per Kattah.

30 Years L.T. Premium - Rs 7,80,000.00 per Kattah.

02. Behala I. E 1) L.T Premium of plot for 99 years Behala I.E- Rs 30,00,000.00 per Kattah. 2) L.T Premium of plot for 50 years Behala I.E- Rs 27,00,000.00 per Kattah. 3) L.T Premium of plot for 30 years Behala I.E- Rs 23,40,000.00 per Kattah 4) L.T Premium of plot for 15 years Behala I.E- Rs 17,25,000.00 per Kattah.  Monthly rent of plot: Rs 33.00 per sft. 1) L.T Premium of shed for 99 years at Behala I.E- Rs 4480.00 per Sft.

2) L.T Premium of shed for 50 years at Behala I.E- Rs 4050.00 per Sft.

3) L.T Premium of shed for 30 years at Behala I.E- Rs 3500.00 per Sft.

4) L.T. Premium of shed for 15 years at Behala I.E-Rs 2575.00 per Sft.

 Monthly rent of shed : Rs 36.00 per sft.

1) L.T Premium of Building Space for 99 years at Behala C.E- Rs 5200.00 per Sft.

2) L.T Premium of Building Space for 50 years at Behala C.E- Rs 4700.00 per Sft.

3) L.T Premium of Building Space for 30 years at Behala C.E- Rs 4050.00 per Sft.

4) L.T. Premium of Building Space for 15 years at Behala C.E-Rs 3000.00 per Sft.

 Monthly rent of Building space in Gr. Floor : Rs 42.00 per sft. 1) L.T Premium of Building Space in upper floor for 99 years at Behala C.E- Rs 4400/-per Sft.

2) L.T Premium of Building Space in upper floor for 50 years at Behala C.E- Rs 4000/- per Sft.

3) L.T Premium of Building Space in upper floor for 30 years at Behala C.E- Rs 3450/- per Sft.

4) L.T. Premium of Building Space in upper floor for 15 years at Behala C.E-Rs 2550/- per Sft.

1) Monthly rent of Building space in Upper Floor: Rs 34.00 per sft.

Agenda Item No. 8- 343 To ratify the decision taken by the management towards granting the prayer of several allottees in respect of the transfer of lease in various industrial estates.

The Board took on record and ratified the decision taken by the Management granting approval of following transfer of lease subject to realization of transfer fees along with service tax(now GST) and other dues if any detected.

Sl.No. Name of the Industrial Name of the Transferor along Name of the Transfer fee Estate with the premises no. Transferee realized/ to be realized (in rupees) 01. Kasba Industrial Estate M/s. Oung Taramangal Kuhtir M/s. ACE Rs. 15,00,000/- (Ph - I) Silpa Plot No.- P/20 Hallmarking Services Pvt. Ltd. 02. Udayan Industrial Estate M/s. Fenasia Ltd. M/s. Vinit Gloves Rs. 78,15,000/- Plot No. P -11,12,13,14 Mfg. Pvt. Ltd. 03. Baltikuri Industrial Estate M/s. Fabrication Industries M/s. Punam Energy Rs. 17,74,000/- Shed No.- L-28 Pvt. Ltd. 04. Siliguri Industrial Estate M/s Supreme Battery M/s Siliguri Auto Rs.8,62,155/- Industries Plot No. 16G Works Pvt. Ltd. 05. Udayan Industrial Estate M/s S.R. Shoes Pvt. Ltd. M/s Essex Marine Rs.1,01,00,000/- Plot No. P -77,78,79,80,81 Pvt. Ltd. 06. Santoshpur Industrial M/s Jeessas Step In Style M/s Tina Industries Rs.9,70,000/- Estate Plot No.- 59 Pvt. Ltd.

07. Tangra Industrial Estate M/s Diya Print and Pack M/s Printco Rs.38,33,333/- (Phase-I) Shed No.- 26

08 Tangra Industrial Estate M/s Swastik Conveyor System M/s Gayetri Rs.19,15,000/- (Phase-II) Pvt. Ltd. Plot No.- 21 Garments

09. Kasba Industrial Estate M/s. Khadim India Ltd. M/s. Stichwell Rs. 1,55,94,792/- as Ph-I & Ph-III Shed no. S-32/1, S-32/2 & S- Exports Pvt. Ltd Transfer Charge 32/1A (Ph-I) & S-43, S-44, S- Rs.28,07,063/- as 43/1, S-44/1 (Ph-III),14,971 Sft. GST @18% 10. Kasba Industrial Estate M/s. Bhupali Developers M/s. Trio Trend Rs. 31,50,000/- as Ph-I Private Limited Exports Private Transfer Charge Plot No.P-37/5/1, 4.2 Katha Limited Rs.5,67,000/- as GST @18% 11. Kasba Industrial Estate M/s. Bhupali Developers M/s. Trio Trend Rs. 18,58,333/- as Ph-I Private Limited Exports Private Transfer Charge Shed no. S-37/4 & S-37/5, Limited Rs.3,34,500/- as 1784 Sft. GST @18% 12. Behala Commercial Smt. Jharna Dutta Mr.Ashish Kumar Rs. 75,000/- as Estate Stall No. G-21, 100 Sft. Sarker Transfer Charge Rs.13,500/- as GST @18%

Agenda Item No. 9- 343 To review the present policy regarding imposition of annual maintenance charge on the allotees of Industrial/Commercial Estates.

Smt. R Alice Vaz, IAS, MD of the WBSIDCL explained the drawbacks of the existing policy of levying maintenance charges by the Corporation. She underlined that in order to uphold the policy of the Government to ensure “ease of doing business” to the on-going and upcoming industries in the State, it was need of the hour to review the policy on imposition of maintenance charges. She also described that an exercise was undertaken to formulate a rate of maintenance charge where expenditure incurred by the Corporation on different components of maintenance in the estates located in urban and rural areas of the State were considered for fixing up a proposed rate which should be comfortable for the entrepreneurs to pay and as well as appropriate for the Corporation in meeting up the expenses to be incurred for the purpose of maintenance of estates. After a threadbare discussion, the BOD encouraged the exercise undertaken by the management and resolved to implement the new policy as mentioned below with effect from 1st April, 2017:  Maintenance charge will not be imposed @2% on the basis of prevailing LTLP (For long term lessees) or on annual rent (For short term lessees) instead a uniform rate will be imposed for all the allottees on the basis of area allotted to them.  There will be two kind of rates based on areas viz. Municipal Corporations area and the areas fall under different Municipalities and Panchayats.  Annual maintenance charge @Rs.3.00 per sft. per annum will be imposed for the estates fall under different Municipal Corporations and @Rs.1.50 per sft. per annum will be imposed for the estates fall under different Municipalities and Panchayats. Agenda Item No. 10- 343 To activate the prevention committee formed to examine cases of sexual harassment at work place. The BOD approving the proposal, authorized MD to issue a formal order for activation of prevention committee since November‟2016 vide Agenda Item No.8-340.

Agenda Item No. 11- 343 Relinquishment of 2(two) acres of land in Reginagar Industrial Estate of WBSIDC Ltd in Murshidabad District for construction 5000MT Godown for food grain storage, Department of Food & Supplies. Govt of West Bengal.

The BOD noted that as per request of the Principal Secretary, Dept. of Food & Supplies vide his Memo. No.1176-FS/0/Scett/GE& EM/4M-58/2015 Dt. 02-05- 2017 to Additional Chief Secretary.Dept. I.C & E for early relinquishment of 2(two) acres of Land of WBSIDCL precise location of the land under J.L. No. 108 Maganpara, Dist. Murshidabad which was forwarded by the Joint Secretary,IC & E Depart vide No. 1892/I & E/III/42-12/17 Dt.19-06-2017.

After discussion, the BOD ratified the action taken by the management to relinquish 2(two) acres of land in Mouza – Maganpara , J.L. No. 108, area -2.00 acres, Lay out plot No. A2/CS1 which will be allotted to F & S Dept. for construction of 5000 MT Godown for Storage of food grain.

Agenda Item No. 12- 343 Ratification of lists of selected applicants for allotment of plots, sheds etc as decided by the Selection Committee in the interview held on 16.09.2016, 19.12.2016 and 28.04.2017.

The BOD noted that 41 no. of applicants appeared in the interview before the Selection Committee held on 16.09.2016, 19.12.2016 and 28.04.2017 in connection with allotment of plots, sheds etc at different Commercial / Industrial Estates under WBSIDC Ltd. Among them 31 no. of applications were recommended by the Selection Committee and were sent to the Department of MSME&T and subsequently Department of IC&E for approval vide this Office Memo Nos. SB-1/1534/4 dated 24.10.2016, SB-1/2139/4 dated 11.01.2017, SB- 1/2234A/4 dated 25.01.2017 and SB-1/475/4 dated 31.05.2017. Approval for 2 plots at Durgapur IE has been received from the Department so far which was sent vide letter no. SB-1/2234A/4 dated 25.01.2017. It was also noted that the Department has not forwarded approval against Letter No. SB-1/1534/4 dated 24.10.2016(Selection Committee interview held on 16.09.2016 for 11 Plots), SB- 1/2139/4 dated 11.01.2017(Selection Committee interview held on 19.12.2016 for 9 Plots) and SB-1/475/4 dated 31.05.2017(Selection Committee interview held on 28.04.2017 for 9 Plots) being total 29 plots.

While ratifying the List of selected entrepreneurs, the BOD asked the Management to strengthen the follow –up process for the due ones with the department in getting cleared other applications.

Agenda Item No. 13- 343 To ratify the decision taken by the Management of the Corporation regarding fresh empanelment of SSI Units vide office memo no: SB1/ 2542/4 dated: 03.03.2017 & SB1/2654A/(4) dated : 15.03.2017 and as directed by Management of the Corporation.

The BOD noted and ratified 24 (Twenty Four) Nos. of units which were found eligible who appeared before the selection committee for interview held on 10.08.2017 & 08.09.2017(List enclosed as per Annex-B).

Agenda Item No. 14- 343 To ratify the decision taken by the Management in respect of waiver of Maintenance Charge for Siliguri Industrial Estate

It was informed to the BOD that the WBSIDCL has received a prayer from the Siliguri Industrial Estate Development Association for waiver of Maintenance Charge.

Smt. R.Alice Vaz, IAS, MD of the WBSIDCL explained to the BOD that considering the real hardships to be faced by the entrepreneurs of Siliguri Industrial Estate in remitting maintenance charges that would be charged by WBSIDCL, the management of this corporation has decided to waive the same.

After discussion, the BOD ratified the decision taken by the management in waving the Maintenance Charge in respect of Siliguri Industrial Estate.

Agenda Item No. 15- 343 To ratify action taken for revision of consolidated monthly remuneration for Gr. ‘ D ‘ Casual employee.

The BOD noted and ratified the decision taken by the management in revision of consolidated monthly remuneration of Smt. Sonali Sengupta in terms of Finance Deptt. G. O. No. 1107 – F (P), dt. 25.02.2016, w.e.f. 01.03.2016 according to her seniority.

Agenda Item No. 16- 343 Ratification of 2(two) Daily Rated Casual Worker posted at Malda Silk Park.

The BOD ratified the action taken by the management in engagement of Sk. Md. Abdul Kalam Ansari and Sk. Md. Mangluddin as Daily Rated Worker w.e.f. 01.08.2017, posted at Malda Silk Park @ Rs.302/- per day as per Order No. 123/stat/RW/04/LCS/VLC/93 dated 17.01.2017.

Agenda Item No. 17- 343 To approve allotment of Building No. III (1st Floor North) of Behala Industrial Estate in favour of Sr. Superintendent of Post Offices, South Kolkata Division for setting up of Behala Post Office.

The BOD noted that the Sr. Superintendent of Post Offices, South Kolkata Division, Department of Post Office, has prayed for allotment of an accommodation at Behala Industrial Estate for setting up their Behala Post Office as they have to vacate their present accommodation. It was also noted that their higher authority has not accepted long term lease for 30 years/ 99 years and prayed for allotment of the same for five years lease on Short Term renewal basis.

After discussion, the BOD approved the allotment of the Building No. III (1st Floor North) of Behala Industrial Estate (on Short Term for 5 years renewable thereafter), as exceptional case considering it as an organization of Govt. of India serving 90,000 people of Behala locality and authorized MD to negotiate the rate with the Postal authority.

Agenda Item No. 18- 343 To accord decision for empanelment of SSI units with the Corporation as a continuous process as and when application received and /or a periodical interval like every month.

The BOD accepted and approved the decision of the management of the Corporation to enlist SSI units with WBSIDC (manufacturer only) on a continuous process as and when the application received at a regular periodical interval like last week of every month in all category of work.

Agenda Item No. 19- 343 To ratify the decision taken by the management towards granting of prayer for allotment of office space at 1st floor, East Block of Administrative Building measuring area 1675.31 Sft. at Udayan Industrial Estate in favour of recognised Association for Long Term Lease of 99 (ninety nine) years.

The BOD ratified the decision taken by the management towards granting of prayer for allotment of office space at 1st floor, East Block of Administrative Building measuring area 1675.31 Sft. at Udayan Industrial Estate in favour of recognised Association for Long Term Lease of 99 (ninety nine) years subject to realisation of Rs. 26,62,068/- (Proportionate cost of the Subject Space) as Long Term Lease Premium..

Agenda Item No. 20- 343 To ratify the decision taken by the management towards allotment of Shed No. S-4, measuring 5.18 katha at Kasba Industrial Estate, Phase-III in favour of M/s. Fortune Exports Pvt. Ltd. The decision taken by the management towards allotment of Shed No. S-4, measuring 5.18 katha at Kasba Industrial Estate, Phase-III in favour of M/s. Fortune Exports Pvt. Ltd was ratified by the BOD.

Agenda Item No. 21- 343 Misc. Agenda. The following agenda items were also discussed with the permission of the Ho‟ble Chairman

Misc. Agenda Item No. 21.1- 343 To consider and note the REPORT ON Exit of WBSIDCL from Joint Venture (JV) companies by transferring WBSIDC. The BOD noted and discussed the report on exit of WBSIDCL from Joint Venture (JV) companies by transferring portion of WBSIDCL‟s share. After discussion it was decided that the management should accept the bid application made by M/s. Arnold Dealcom pvt. Ltd for purchase of Bangla Ashirbad Industrial Infrastructure Ltd at a bid price of Rs. 20 per share not withstanding that the same was rejected earlier being single bid participation (Report enclosed Annex- C).

Misc. Agenda Item No. 21.2- 343 To Consider eligibility of Sri Manan Thakur, Record Supplier Chairman informed the BOD that Sri Manan Thakur, joined this Corporation as a Night Guard in the year 1977. Thereafter his designation was changed as a Peon in the year 1989 without any monetary benefit. In the year 1989 he was promoted to Record Supplier. Since 2014 he is discharging his duty in Marketing Accounts Section as per instruction of the Authority. As 10 (Ten) years has already been completed in the post of Record Supplier, Sri Manan Thakur prayed for the next promotion. At present the incumbent was on the verge of his retirement. The BOD also noted that there was no scope of promotion, because the promotional post (Duplicating Machine Operator) was already filled up and the incumbent was on the verge of his retirement.

After discussion, the BOD granted a pay increment/pay promotion in grade pay of Sri Manan Thakur by Rs 200/- ( Rupees Two Hundred) with effect from 1st September, 2017 being the difference of Grade Pay/pay increment in between the post of Record Supplier ( G.P -1900/-) and the next promotional post ,Duplicating Machine Operator ( G.P -2100/-).

Misc. Agenda Item No. 21.3- 343 To Consider eligibility of Sri Mrinal Sen, electrician Cum Pump Operator . Chairman informed the BOD that Sri Mrinal Sen Electrician Cum Pump Operator, working as an acting Licensed Electrician for a long time at Silpa Bhawan as there was no alternative Licensed Electrician post at Silpa Bhawan and drawing a special allowances of Rs 25/- ( Rupees Twenty Five) only per day vide an administrative order No- 69 dt. 02.09.2015 for this additional job. The BOD also noted that as per 180th Board resolution, the post of Electrician would be filled up through direct recruitment if no suitable candidates are available amongst employees of subordinate staff Gr. III. The BOD noted that Sri Mrinal Sen was working in the post of Electrician Cum Pump Operator being a lower grade of Electrician and he has gathered a lot of experience to act as an Electrician in Silpa Bhawan for a long period of time with satisfactory performances. After considering the above facts the BOD instructed MD to examine the case and take a positive action in that regard. Misc. Agenda Item No. 21.4- 343 Discussion on Agenda Item No 12.1- 340 BOD Meeting held on 18th November, 2016 Chairman tabled a copy of resolution passed under Agenda Item No 12.1-340 BOD Meeting held on 18th November, 2016 in terms of the provisions as prescribed in the Finance Department‟s MemorandumNo.1107-F(P) dated 25-02- 2016 relating to appropriate emoluments, security of tenure and other terminal benefits of the Casual/Daily Rated/Contractual Employees and informed the BOD that though more than 10 months have been elapsed no circular or order has been issued by the Management giving effect to the said resolution.

After discussion the BOD instructed the Management to issue an order effecting the terms of the said resolution promptly.

Misc. Agenda Item No. 21.5- 343 FILLING UP VACANCIES AGAINST REGULAR POST AFTER ABSORPTION OF EXISTING CASUAL & CONTRACTUAL EMPLOYEES Chairman informed the BOD that a recruitment decision was arrived at vide resolution under Agenda item No.11-333rd BOD held on 24.03.2015 to oversee the filling up of vacancies against the existing regular posts after final absorption of existing contractual & casual employees of this corporation & finalise the modalities. He also stated that vide agenda item no.15-334, a Committee was formed with Col.Sabyasachi Bagchi,Chairman, Shri Pulok Roy, Director and Shri Amalesh Pathak, Managing Director of WBSIDC for finalising modalities for Group „A‟ & „D‟ posts. In addition, Shri Pulok Roy, Director of the Corporation also authorised to oversee the recruitment process in totality.

He urged the BOD to take a suitable action regarding recruitment as there is an acute shortage of staffs in the WBSIDCL.

The BOD accepted his views and resolved to filling up of vacancies against the existing regular posts after final absorption of all existing contractual & casual employees of this corporation and directed the Management to finalise the modalities of absorption and go for fresh recruitment immediately.

In this regard the BOD formed a committee with following Directors and officers of the Corporation to initiate the recruitment process immediately:

1. Managing Director – Chairman of the Committee 2. Executive Director – II- Member 3. Shri Pulak Roy, Hon‟ble MLA - Member 4. Senior Manager- Member 5. Company Secretary- Member

The Meeting ended with a Vote of Thanks to and from the Chair.

Sd/- (Col.Sabyasachi Bagchi) Chairman