Tuesday, 2-2-1971.

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Dhirajlal Maganlal, wherein the undermentioned members of the Board were present:

Seth Dhirajlal Maganlal Seth Gordhandas Bhagwandas Seth Phiroze J. Jeejeebhoy Seth Hiralal Girdharlal Seth Jayant Amerchand Seth Babubhai M. Gandhi Seth Vasantlal Kantilal Shah Seth Bharatkishore Begraj Gupta Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Jasvantlal Chhotalal Seth Jivanchand Ratanchand Motishaw Seth Rasiklal Maneklal Seth Vasantlal Champaklal Seth Navinchandra Chhaganlal Kampani

Government Nominees Shri M.N. Deshmukh.

The following business was transacted in the meeting:

1. Resolved that this Board takes note of the sad demise of one of the oldest and leading members, members of the Governing Board and Trustee of the Stock Exchange, Shri Kantilal Ishwarlal and expresses it grief and sorrow. The Board also takes note of the selfless and invaluable services rendered by him for a long tie as a member of the Governing Board, Hon. Treasurer, member of the Defaulters’ Committee and its Chairman and as a Vice-President, President and the Trustee of the Exchange. The Board shares the deep grief and pain with the family members of the deceased and requests the President to send a copy of this Resolution to them as a token of its condolences. 2. Resolved that the undermentioned notices regarding cum right and ex-right transactions in the shares of the undermentioned concerned companies are confirmed: 1. Hindustan Motors Ltd. Notice No:35/71 dt.8-1-71 2. The Western India Plywoods Ltd. Notice No:45/71 dt. 11-1-71 3. Indian Dye-stuff Industries Ltd. Notice No:75/71 dt. 15-1-71 4. Tata Oil Mills Co,Ltd. Notice No:76/71 dt. 15-1-71 5. Chemo Pharma Laboratories Ltd. Notice No:102/71 dt. 20-1-71 6. The Mafatlal Fine Spg., and Mfg., Notice No:110/71 dt. 22-1-71 Co.Ltd. 7. United Motor (India) Ltd. Notice No:117/71 dt. 23-1-71 8. Kerry Jost Tools Ltd. Notice No:1161/71 dt. 23-1-71

3. Resolved that the notices mentioned against the names of the undermentioned companies regarding deliverability of their new shares against their old shares are confirmed: 1. R.J. Shah & Co. Ltd. Notice No:2224/71 dt.24-12-

70 2. The Hindustan Sugar Mills Ltd. Notice No:37/71 dt.8-1-71 3. Automobile Products of India Ltd. Notice No:46/71 dt.11-1-71 4. Indian Detonators Ltd. Notice No:119/71 dt.25-1-71 4. Resolved that the undermentioned notices are confirmed: 1. Notice No:2197/70 dated 21-12-70 regarding permission given to deal in Letters of Renunciation and coupons of the new shares of Jyoti Ltd. 2. Notice No:18/71 dated 4-1-71 regarding the Buyers’ ticket programme. 3. Notice No: 36/71 dated 8-1-71 regarding permission given for dealing in coupons of the bonus shares of Ruby Mills Ltd. 4. Notice No:41/71 dated 8-1-71 regarding keeping the market open for doing business on 9-1-71 because of the increase made in Bank rate. 5. Notice No:66/71 dated 14-1-71 regarding resumption of dealings in the shares of The Hukamchand Mills Ltd. 6. Notice No: 87/71 dated 17-1-71 regarding giving of only Bank of India cheques between members in the settlement of Hand delivery transactions 5. The letter dated 15-1-71 of Smt. Mani Darasha Master wife of the late Shri Darasha H. Master was read and it was resolved to give permission to Shri Keki D.Mehta to continue the business of the late Shri Darasha M. master for two more months. 6. The letter dated 30-12-70 of Smt. Taramati Tribhovandas and others was read and it was resolved to give permission to Shri Virendra Tribhovandas Damani to continue the business of the late Shri Tribhovandas Gordhandas Damani for three months. 7. The letter dated 1-2-71 of Smt. Shakuntala Kantilal and others was read and it was resolved to give permission to S/Shri Sevantilal Kantilal, Vasantlal Kantilal and Navinchandra Kantilal to continue the business of M/s Kantilal Ishwarlal for three months. 8. The letter dated 7-1-71 of Bai Manibai Jeshinglal and others was read and it was resolved that in view of the prevailing conditions permission should be given to them to continue the business of the late Shri Jeshigbhai Savjibhai for two more months. 9. The letter dated 7-1-71 of Shri Jayantilal Jeshinglal was considered and it was resolved that in view of the special circumstances prevailing at present he should be given two months more time for fulfilling the conditions for being admitted as a member of the Exchange. 10. The letter of resignation dated 11-1-71 of Shri K.B. Daruwala was considered and it was resolved to accept his resignation from 1-2-71 and to give him pension of Rs.144/- per month. Further resolved that the amount accumulated in his Provident Fund should be paid to him as well as the gratuity of Rs.16,125/- should

be paid to him. 11. The letter dated 1-2-71 of our office typist Shri B.L. Desai to give him assistance of Rs. 619/- being the expenses incurred by him in connection with the operation of hernia and the medicines etc., was considered and it was resolved to give him assistance of Rs.619 from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 12. The application dated 30-12-70 of Smt. T.Pappu Amma, mother of our temporary staff member the late Shri T. Prabhakaran was considered and it was resolved to pay her the accumulated Provident Fund amount of Shri T.Prabhakaran as well as his remaining salary, leave salary and assistance of Rs.500/- from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 13. The Clearing Programme for the months of April, May and June of the year 1971 was fixed as under: The last working 16-4-71 7-5-71 28-5-71 18-6-71 day and the badla day Comparison day 19-4-71 12-5-71 31-5-71 21-6-71 and the Clearance day Delivery Day 21-4-71 14-5-71 2-6-71 23-6-71 Account Day 23-4-71 17-5-71 4-6-71 25-6-71 Pay-in Day 24-4-71 18-5-71 5-6-71 26-6-71 Settling Day 27-4-71 20-5-71 8-6-71 29-6-71

14. The application dated 23-11-70 of Shri Vadelal Baldevdas nominating Shri Gangadher Yeshwant Bhandare as a member of the Exchange in his own place was considered and after interviewing Shri Gangadher Yeshwant and his recommenders S/Shri R.V. Varde and Pankaj I. Kapadia it was resolved by 13 votes in favour and 1 against to elect Shri Gangadher Yeshwant Bhandare as a member of the Exchange in the place of Shri Vadilal Baldevdas subject to the Rules and Bye-laws of the Exchange on condition that he should not do business in the market in his own name for six months. 15. The application dated 7-12-70 of the near relatives of the late Shri Puranmal Bansidhar nominating Shri Gaurishankar Puranmal as a member of the Exchange in the place of the late Shri Puranmal Bansidhar was considered and after interviewing Shri Gaurishankar Puranmal and his recommenders S/Shri Vallabhdas Dayal and Madhavlal Maganlal it was resolved by 14 votes in favour and none against to elect Shri Gaurishankar Puranmal as a member of the Exchange in the place of late Shri Puranmal Bansidhar subject to the Rules and Regulations of the Exchange. 16. The application dated 4-1-71 of the near relatives of the late Shri Manharlal Chhotalal Mehta nominating Shri Dipak Manharlal Mehta as a member of the

Exchange in the place of the late Shri Manharlal Chhotalal Mehta was considered and after interviewing Shri Dipak Manharlal Mehta and his recommenders S/Shri Navalchand T. shah and Champaklal Devidas it was resolved by 14 votes in favour and none against to elect Shri Dipak Manharlal Mehta as a member of the Exchange in the place of late Shri Manharlal Chhotalal Mehta subject to the Rules and Bye-laws of the Exchange. 17. The application dated 21-12-70 of the near relatives of the late Shri Chinubhai Amratlal nominating Shri Vipin Chinubhai as a member of the Exchange in the place of the late Shri Chinubhai Amratlal was considered and after interviewing Shri Vipin Chinubhai and his recommenders S/Shri Augiras Bhogilal Mehta and Chimanlal Amratlal it was resolved by 14 votes in favour and none against to elect Shri Vipin Chinubhai as a member of the Exchange in the place of late Shri Chinubhai Amratlal subject to the Rules and Bye-laws of the Exchange. 18. The application dated 16-1-71 of the near relatives of the late Shri Manilal Mohanlal nominating Shri Kanji Lilladher as a member of the Exchange in the place of the late Shri Manilal Mohanlal was considered and after interviewing Shri Kanji Lilladher and his recommenders S/Shri S.M. Samant and Asgarali A. Gangji it was resolved by 13 votes in favour and 1 against to elect Shri Kanji Lilladher as a member of the Exchange in the place of late Shri Manilal Mohanlal subject to the Rules and Bye-laws of the Exchange. 19. The application dated 22-12-70 of Shri Nandlal Laxmichand nominating Shri Sureshchandra nandlal as a member of the Exchange in his own place was considered and after interviewing Shri Sureshchandra Nandlal and his recommenders S/Shri Kantilal Mohanlal and Bachubhai Fulchand Jhaveri it was resolved by 12 votes in favour and 2 against to elect Shri Sureshchandra Nandlal as a member of the Exchange in the place of Shri Nandlal Laxmichand subject to the Rules and Bye-laws of the Exchange on condition that he pays additional membership security deposit of Rs.30,000/- over and above the usual membership deposit of Rs. 20,000/-. 20. The Chairman told the Board that it has been decided that tenders for the foundation work of our new building should be invited through our Architects from the contractors known for doing such work, that anti-earthquake structural calculations should be got made and that a contract should be made for boring one tube-well and if necessary two tube wells according to the terms mentioned in the letter dated 174-4-70 of Bombay Boring Co.Ltd. The Board also considered the matters like the efforts being made for obtaining loans for construction of the new building the space to be given for constructing two electric sub-stations as asked for by the B.E.S.T., talks taken place with Bombay telephones fo setting up of a special telephone exchange for the convenience of our market and the surrounding

areas and the terms regarding giving the space on rent in our new building. 21. The letter dated 25-9-70 of our Architects M/s Shapurji Chandabhai and Co., was considered and it was resolved that M/s Nariman M. Nalaseth and Associated should be appointed as consultants for the work of plumbing, drainage, water supply and fire-fighting installation of our new building with freedom to submit tenders for such work and they should be paid consultation fee of 2 percent. 22. The letter dated 301-2-70 of Devidayal Industries Ltd., was read and it was resolved that as the 9.5% Cumulative Preference shares have redeemed they should be removed from our list of securities traded on the Exchange. 23. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the listing regulations as well as compliance with the usual requirements and other special requirements stipulated by us the securities mentioned against their respective names should be admitted to our list of None-cleared Securities traded on the Exchange and dealings in those securities should be done in the trading lots mentioned there against: Sakthe Sugars Ltd. Equity 5 shares Sakthe Sugars Ltd. Preference 5 shares Foods and Inns Ltd. Equity 50 shares Rathi Alloys and Steel Ltd. Equity 50 shares Rathi Alloys and Steel Ltd. Preference 5 shares Rathi Ispat Ltd. Equity 50 shares Rathi Ispat Ltd. Preference 5 shares Tungbhadra Industries Ltd. New Equity 50 shares Tungbhadra Industries Ltd. New Preference 5 shares The East India Hotels Ltd. New Equity 50 shares The East India Hotels Ltd. New Equity 9.5% 5 shares Non-redeemable cum Preference shares.

24. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm the listing of their belowmentioned securities in the list of securities traded on the Exchange: W.S. Insulators of India Ltd. New 9.5% Preference shares (allotted to Tamil Nadu Industries Development Corporation) Upper Doad Sugar Mills Ltd. Bonus Equity The East India Hotels Ltd. New Equity The Empire Dyeing and Mfg. Co.Ltd. New Equity The Hindustan Sugar Mills Ltd. Bonus Equity The Western India Match Co.Ltd. Bonus Equity The Gwalior Rayon Silk Mfg., (Wvg) Co.Ltd. Bonus Equity Gujarat Steel Tubes Ltd. Bonus Equity Indabrator Ltd. Bonus Equity The Mysore Kirloskar Ltd. Bonus Equity

25. The letter dated 23-1-71 of Kirloskar Pneumatic Ltd., was read and it was resolved that the trading lot of its Equity shares should be changed and made of 50 shares of Rs.10/- each. 26. The letter of Seconds Limited dated 28-12-70 and Sen-Releigh Ltd., dated 15-1-71 were read and it was unanimously resolved to strike their shares off the list of securities traded on the Exchange. 27. Resolved that the matter regarding removal of shares of the Indian Iron and Steel Co.Ltd., from our list of securities traded on the Exchange should be postponed. 28. The application dated 4-12-70 of Shri Panalal Manelal nominating Shri Sobhagyachand Mohanlal Shah as a member of the Exchange in his own place was considered and after interviewing Shri Sobhagyachand Mohanlal Shah and his recommenders S/Shri Campaklal Jamnadas and Kasturchand Sarupchand it was resolved by 10 votes in favour and 4 against to elect Shri Sobhagyachand Mohanlal Shah as a member of the Exchange in the place of Shri Panelal Manelal subject to the Rules and Regulations of the Exchange on condition that within one month he should leave the partnership fir of Prakash Embroidery Works. 29. Shri Rasiklal Maneklal told the Board that in the present system of settlement of transactions by the process of Tickets, many a true circumstances arise when as single party has to deliver shares worth lakhs of Rupees. Hence there is a great risk in that. Arrangements should therefore be made for delivery of shares and payment therefore through the bank for safety of the members. The Chairman said that the Clearing House has been asked to make suitable arrangement in that connection but no progress has taken place so far because of the irregularities in the Bank of India at present. However, when the situation improves needful will be done for making arrangements for settlement of Hand delivery transactions through the bank.

Sd/- Sd/- A.J. Shah Gordhandas Bhagwandas Secretary President

Dt: 6-4-71

Wednesday, 24-2-1971.

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Dhirajlal Maganlal, wherein the undermentioned members of the Board were present:

Seth Dhirajlal Maganlal Seth Gordhandas Bhagwandas Seth Phiroze J. Jeejeebhoy Seth Hiralal Girdharlal Seth Jayant Amerchand Seth Babubhai M. Gandhi Seth Vasantlal Kantilal Shah Seth Bharatkishore Begraj Gupta Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Jasvantlal Chhotalal Seth Jivanchand Ratanchand Motishaw Seth Rasiklal Maneklal Seth Vasantlal Champaklal Seth Navinchandra Chhaganlal Kampani

Government Nominees Shri M.N. Deshmukh Shri T.G. Gondhalekar

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum-right and ex-right transactions of their shares are confirmed: 1. Tata Chemicals Ltd. Notice No:165/71 dt.3-2-71 2. Hind Cycles Ltd Notice No:166/71 dt.3-2-71 and Notice No:239/71 dt.17- 2-71. 3. Telefincon India Ltd. Notice No:177/71 dt.4-2-71 4. Alembic Chemical Works Ltd. Notice No:188/71 dt.6-2-71 5. Saurashtra Cement and Chemical Notice No:196/71 dt. 9-2-71 Industries Ltd. 6. Madhusudan Ltd. Notice No:237/71 dt.17-2-71 7. Bombay Suburban Electric Supply Ltd. Notice No:242/71 dt.17-2-71 8. Surat Electric Supply Co.Ltd. Notice No:242/71 dt.20-2-75

2. Resolved that the notices mentioned against the names of the undermentioned companies giving permission for dealing in Letter of Renunciation of their new equity shares are confirmed: 1. Straw Products Ltd. Notice No:155/71 dated 2-2-71 2. Tata Marilyn and Gerin Ltd. Notice No:183/71 dated 5-2-71

3. The report dated 3-2-71 of Sir Shapurji Broacha Brokers’ Helping Fund Committee was gone through and it was resolved to approve it. 4. The application dated 1-12-70 of Bai Urmila Mohanlal Dhanki for help was reas and it was resolved to give her help of Rs.500/- from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 5. The application dated 19-1-71 of S/Shri Fulchand Gordhandas Vora, Kirtikumar

Fulchand Vora and Anantrai Fulchand Vora for partnership was considered and it was resolved that their partnership should be approved under the firm name of M/s Vora & Sons with effect from 1-3-71. 6. The letter dated 9-2-71 of M/s K.J.Shah and Sons and Shri V.K. Nanavati were read and it was resolved to confirm the permission given to Shri V.K. Nanavti to do business as a Representative member of M/s K.J.Shah and Sons. 7. The letter dated 3-2-71 of Smt. Dinbai Palani Mistry giving resignation of her job was considered and it was resolved to accept her resignation with effect from 1-2- 71 and pay the amount accumulated in her Provident Fund and give her the gratuity of Rs.4,554/-. 8. The application dated 13-2-71 of Shri C.N. Sanghvi asking for a loan of Rs.6000/- for constructing a building was considered and it was resolved to give him a loan of Rs.6000/-. 9. The letter dated 5-2-71 of the Federation of Indian Chamber of Commerce and Industries was considered and it was resolved that the resignation of the membership of that institute given by us cannot be withdrawn. 10. Resolved that Wednesday 24-3-71 should be fixed as the day of election of the Governing Board for the year 1971-72. 11. The application dated 20-1-71 of the near relatives of the late Shri Shantilal Chunilal nominating Shri Manharlal Shantilal as a member of the Exchange in the place of late Shri Shantilal Chunilal was considered and after interviewing Shri Manharlal Shantilal and his recommender Shri Jitendra Champaklal it was resolved by 14 votes in favour and none against to elect Shri Manharlal Shantilal as a member of the Exchange in the place of late Shri Shantilal Chunilal subject to the Rules and Bye-laws of the Exchange. 12. The representation signed by Shri Vinodchandra Maneklal Mansurwala and 186 other members for not charging the badge fee of Authorised Clerks as the business in the market has been very much reduced on account of Government ban on forward business was considered. It was noted that mention made therein of the so called assurance given previously etc., was not correct and resolved that their request cannot be accepted. 13. The listing application of Shivaji Works Ltd., was considered and it was unanimously resolved to confirm admission of its new equity and new preference shares to the list of securities traded on the Exchange. 14. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us the securities mentioned against their respective names should be admitted to our list of Non-cleared Securities traded on the Exchange and dealings

in those securities should be done in the trading lots mentioned there against: Garware Nylons Ltd. Equity 50 shares Toshiba Anand Batteries Ltd. Equity 50 shares Exide Industries Ltd. Preference 5 shares

15. The letter dated 11-2-71 of the India Iron and Steel Co. Ltd., was considered and it was unanimously resolved that as the company has given the required assurance in the matter of closing of its Register of Members, the shares of that company should be continued to be kept in our official register.

Sd/- Sd/- A.J. Shah Gordhandas Bhagwandas Secretary President

Dt: 6-4-71

The Board passed the undermentioned Resolutions by circular dated 17-3-71:

1. “Resolved that S/Shri Keki N. Chinoy, Jayantilal Mansukhlal and Champaklal Babubhai Marfatia be appointed as scrutineers for scrutinizing the Ballot papers and declaring the result of the election of the Governing Board for the year 1971- 72” 2. “The application dated 15-3-70 of our Secretary Shri A.J.Shah for giving him a loan of Rs.15,000/- for purchasing a motor car was considered and it was resolved to give him that loan.”

Sd/- Sd/- A.J. Shah Dhirajlal Maganlal Secretary President

Dt: 6-4-71

Tuesday, 6-4-71.

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm in the beginning under the Chairmanship of Shri Gordhandas Bhagwandas and thereafter under the Chairmanship of Shri Laldas Jamnadas wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Jagdish Jagmohandas Kapadia Seth Rasiklal Maneklal Seth A.R. Mahadevia Seth Jayant Amerchand Seth Vasantlal Kantilal Shah Seth Hiralal Girdharlal Seth Babubhai Maganlal Gandhi Seth Gordhandas Bhagwandas Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Navinchandra Chhaganlal Kampani Seth Himatlal V. Gandhi Seth Vasantlal Champaklal

Government Nominees Shri M.N. Deshmukh

The following business was transacted in the meeting:

1. Proposed by Shri Jayant Amerchand and seconded by Shri Rasiklal Maneklal, Shri Gordhandas Bhagwandas was unanimously elected as Chairman of today’s meeting. 2. Proposed by Shri Jayant Amerchand and seconded by Shri Himatlal V.Gandhi it was unanimously resolved to elect Shri Laldas Jamnadas as the President. Shri Gordhandas Bhagwandas handed over the Chairmanship to Shri Laldas Jamnadas and congratulated him on behalf of all the members of the Board. Shri Laldas Jamnadas thanked all the members of the Board for having their trust reposed in him and took over Chairmanship of the meeting. He expressed the hope that the members of the Board and Government nominees will give him full support and co-operation as usual. 3. Proposed by Shri Jayant Amerchand and seconded by Shri Gordhandas Bhagwandas it was unanimously resolved to elect Srhi Rasiklal Maneklal as Vice- President. Shri Rasiklal Maneklal thanked all the members of the Board fro electing him as the Vice-President. 4. Proposed by Shri Rasiklal Maneklal and seconded by Shri A.R. Mahadevia it was unanimously resolved to elect Shri Mathradas Samaldas as the Ho. Treasurer. 5. Resolved to appoint Sir Shapurji Broacha Brokers’ Helping fund Committee consisting of Shri J.R. Motishaw, Jayant Amerchand, Gordhandas Bhagwandas and Pranjivandas Harjivandas. 6. Resolved that the undermentioned members should be appointed as members of the Arbitration Committee:

Shri Keki N. Chinoy Shri S.M. Shah Shri Chhotalal Devchand Shri Nagindas Natverlal Dalal Shri Jayantilal Mansukhlal Shri Nagindas Trambaklal Parekh Shri Champaklal Balubhai Marfatia Shri V.K. Nanavati Shri M.L. Kaji Shri Jayendra D. Mehta Shri L.N. Kapadia Shri H.N. Sonawala Shri M.N. Marfatia Shri D.V. Shukla

7. Resolved that the Defaulters’ Committee for the year 1971-72 should be appointed consisting of the undermentioned members : Shri J.R. Motishaw Shri Keki N. Chinoy Shri Jayant Amerchand Shri Jayant Mansukhlal Dalal Shri Vasantlal Champaklal Shri Rasikal S. Jhaveri

8. Resolved that the cheques be signed by the President, Shri Laldas Jamnadas or the Chairman, Shri P.J. Jeejeebhoy or the Vice-President Shri Rasiklal Maneklal, or the Hon. Treasurer, Shri Mathradas Samaldas and by any one of the following six members of the Governing Board namely Shri Jayant Amerchand, Shri Gordhandas Bhagwandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal and Shri Vasantlal Kantilal Shah and be countersigned by the Secretary, Shri A.J. Shah. 9. Resolved that the current accounts and the safe custody accounts with Bank of India in the names of The Stock Exchange Staff Provident Fund and The Stock Exchange Staff Gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being or the survivors or survivor of them or jointly by the Hon., Treasurer Shri Mathradas Samaldas any one of the following six Members of the Governing Board namely Shri Jayant Amerchand, Shri Gordhandas Bhagwandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal and Shri Vasantlal Kantilal Shah and be countersigned by the Secretary, Shri A.J. Shah. 10. Resolved that the various safe custody accounts of the Exchange with Bank of India, be operated on jointly by the President Shri Laldas Jamnadas or the Chairman, Shri P.J. Jeejeebhoy ot the Vice-President Shri Rasiklal Maneklal or the Hon. Treasurer, Shri Mathradas Samaldas and any one of the following six members of the Governing Board namely Shri Jayant Amerchand, Shri Gordhandas Bhagwandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal and Shri Vasantlal Kantilal Shah and be countersigned by the Secretary, Shri A.J. Shah. 11. Resolved that the Building sub-committee should be appointed consisting of Shri Laldas Jamnadas, Shri Gordhandas Bhagwandas, Shri Mathradas Samaldas, Shri

Jayant Amerchand, Shri Vasantlal K. Shah and Shri Himatlal V. Gandhi. 12. The President welcomed S/Shri Himatlal V.Gandhi, A.R. Mahadevia and Jagdish J. Kapadia as having him elected as member of the Board. He made a mention of the unique services rendered by Shri K.R.P. Shroff to the Exchange for a very very long time amd said that it was because of his services that our Exchange enjoys at present such respectful and revered place in the eyes of the Government and the public. He also made a mention of the firm services rendered by the late Shri Kantilal Ishwarlal and during the last four years by Shri Dhirajlal Maganlal subsequent to the retirement of Shri K.R.P.Shroff and also praised the efforts made by Shri Dhirajlal Maganlal even at the cost of his health for removal of the Government ban on forward trading. The Board took note of the valuable serviced rendered by Shri Dhirahlal Maganlal to the Exchange continuously for 27 years as a member of the Governing Board, Hon. Treasurer, vice-President and President and appreciated his efforts and work to preserve and enhance the welfare of the Association with passion and hard work during the last for years in the face of the unfavourable circumstances. 13. The application dated 2-3-71 of the near relatives of the late Shri Kantilal Ishwarlal nominating Shri Sevantilal Kantilal as a member of the Exchange in the place of late Shri Kantilal Ishwarlal was considered and after interviewing Shri Sevantilal Kantilal and his recommenders S/Shri Navalchand T. shah and Gunvantlal M. Dalal it was resolved by 16 votes in favour and none against to elect Shri Sevantilal Kantilal as a member of the Exchange in the place of late Shri Kantilal Ishwarlal subject to the Rules and Bye-laws of the Exchange. 14. The application dated 17-3-71 of Shri Jasvant Ramdas Dalal nominating Shri Dolatrai Amratlal shah as a member of the Exchange in his own place was considered and after interviewing Shri Dolatrai Amratlal Shah and his recommender Shri Bhagwandas Suchde it was resolved by 15 votes in favour and 1 against to elect Shri Dolatrai Amratlal shah as a member of the Exchange in the place of Shri Jasvant Ramdas Dalal subject to the Rules and Bye-laws of the Exchange. 15. The additional report dated 17-3-71 of Sir Shapurji Broacha Brokers’ Helping Committee was read and it was resolved that Shri Jayantilal Tulsidas should be given help of Rs.100/- from Sheth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 16. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum right and ex-right trading of their shares are confirmed: 1 The Thana Electric Supply Co.Ltd. Notice No: 283/71 dt.26-2-71 2 Bajaj Auto Ltd. Notice No: 302/71 dt.2-3-71 3 The Jubilee Mills Ltd. Notice No: 353/71 dt.10-3-71 4 Voltas Ltd. Notice No: 419/71 dt.24-3-71 5 Western India Vegetable Products Ltd. Notice No: 477/71 dt.1-4-71

17. Resolved that the notices mentioned against the names of the undermentioned companies regarding permission given for dealing in Letters of Renunciation of their new shares are confirmed: 1 Hind Cycles Ltd. Notice No: 280/71 dt.25-2-71 2 Telefunkan India Ltd. Notice No: 323/71 dt.4-3-71 3 Alembic Chemical Works Ltd. Notice No: 332/71 dt.5-3-71 4 Tata Oil Mills Co.Ltd. Notice No: 359/71 dt.11-3-71 5 Chem Pharma Ltd. Notice No: 383/71 dt.17-3-71 6 The Surat Electricity Co. Ltd. Notice No: 466/71 dt.1-4-71 7 Bombay Electric Supply Ltd. Notice No: 467/71 dt.1-4-71 8 The Thana Electric Supply Co.Ltd. Notice No: 473/71 dt.1-4-71 9 Graphite India Ltd. Notice No: 481/71 dt.2-4-71

18. Resolved to confirm the undermentioned notices: 1. Notice No:281/71 dated 25-2-71 regarding resumption of dealings in the shares of Alembic Chemical Works Co.Ltd. 2. Notice No: 299/71 dated 1-3-71 regarding changes in the Clearing Programme. 3. Notices No:301/71 dated 1-3-71, No:355/71 dated 10-3-71 and 476/71 dated 1-4-71 regarding hand delivery transactions settlement. 4. Notice No: 357/51 dated 10-3-71 regarding continuance of cum dividend transactions in the shares of Phalton Sugar Works Ltd., and notice no:385/71 dated 18-3-71 for making the transactions in the shares ex-dividend. 5. Notice No:402/71 dated 22-3-71 regarding giving credit slips in full Rupees relating to hand delivery transactions. 6. Notice No:454/71 dated 30-3-71 regarding making ex-right transactions in the shares of Bajaj Auto Ltd. 7. Notice No:486/71 dated 2-4-71 regarding 6% Preference shares of Saurashtra Cement and Chemical Industries Ltd. 19. The letter dated 1-3-71 of S/Shri Vinaychandra Narbheram Parekh, Navinchandra Narbheram Parekh, Kirtikumar Narbheram Parekh, Smt. Hirabai Narbheram parekh was considered and it was resolved to give permission to Shri Vinaychandra Narbheram parekh and Navinchandra Narbheram Parek to continue the business of M/s Narbheram Harakchand for three months. 20. The letter dated 4-3-71 of Bai padmavati Gunvantlal Sodagar, S/Shri Rasik Gunvantlal sodagar, Yogesh Sunvantlal Sodagar and Mayank Gunvantlal Sodagar was considered and it was resolved to give permission to Shri Kumudchandra Manilal to continue the business of the late Shri Manilal Dahyabhai Sodagar for three months. 21. The letter dated 17-3-71 of Shri Ramsukh, Shri Bhamard Mohanlal and Smt. Harpyari Mohanlal was considered and it was resolved to give permission to Shri

Akheraj Narayandas to continue the business of M/s Shivraj Mohanlal & Co., for three months. 22. The letter of the undermentioned members was considered and it was resolved that the permission given by the Chairman for doing business as a Representative Member as mentioned below should be confirmed: Nominating Member Representative Member M/s Kantilal Purtapsi Shri Shantilal Kakalbhai Shri Pankaj Ishwarlal Kapadia Shri G.Y. Bhandare 23. The application dated 22-2-71 of S/Shri Jayantilal Mansukhlal Dalal, Ratanlal Mansukhlal Dalal, Bhogilal Bhaidas Dalal and Amit Ratanlal Dalal for partnership was considered and it was resolved to approve their partnership under the firm name of M/s Mansukhlal Bhaidas Dalal with effect from 1-1-71. 24. The Clearing programme for the months of July, August and September of the year 1971 was fixed as under: The last working day and 9-7-71 30-7-71 20-8-71 10-9-71 the Badla day Comparison day and the 12-7-71 2-8-71 23-8-71 13-9-71 Clearance Day Delivery Day 14-7-71 4-8-71 27-8-71 15-9-71 Account Day 16-7-71 7-8-71 30-8-71 17-9-71 Pay-in Day 17-7-71 9-8-71 31-8-71 18-9-71 Settling Day 20-7-71 11-8-71 2-9-71 21-9-71 25. Resolved that on Saturday, 10-4-71 our market should be kept open from S.T. 12 to 1 for transacting business. 26. The listing applications of the undermentioned companies were considered and it was unanimously resolved to note that their below-mentioned securities have been admitted to our list of securities traded on the Exchange: Ruby Mills Ltd. Bonus Equity Universal Cables Ltd. New Equity G.G. Dandekar Machine Works Ltd. New Equity Western India Plywoods Ltd. Bonus Equity Raymond Woolen Mills Ltd. 5000 New Equity shares allotted in lieu of the shares of J.K. (Bombay) Ltd.

27. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us the securities mentioned against their respective names should be admitted to our list of Non-cleared Securities and dealings in those securities should be done in the trading lots mentioned against them: J.K. Synthetics Ltd. Equity 100 shares J.K. Synthetics Ltd. Preference 5 shares Madhya Pradesh Electricity Board 6% 1982 Second Series Bonds

Siemens India Ltd. Equity 50 shares Siemens India Ltd. 8% (1982-85) 10 debentures debentures Bombay Suburban Electric 8% ‘E’ class 5 debentures Supply Ltd. Debentures

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 4-5-71

Tuesday, 4-5-71.

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Laldas Jamnadas, wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth Gordhandas Bhagwandas Seth Phiroze J. Jeejeebhoy Seth J.R. Motishaw Seth Rasiklal Maneklal Seth Jagdish J. Kapadia Seth Jayant Amerchand Seth Vasantlal Kantilal Shah Seth Jasvantlal Chhotalal Seth Balubhai Maganlal Gandhi Seth Hiralal Girdharlal Seth Mathradas Samaldas Seth Navinchandra Chhaganlal Kampani

Government Nominees Shri N.C. Maitra Shri M.N. Deshmukh

The following business was transacted in the meeting:

1. The President made a mention of the presence of Shri N.C. Mehta in the Board meeting after a long time, welcomed him and introduced him to the other members of the Board. 2. Resolved that the notices regarding cum-right and ex-right transactions in the shares of the companies mentioned below should be confirmed: 1. Poysha Industrial Co.Ltd. Notice No:531/71 dt.8-4-71 2. Chemicals and Fibers of India Ltd. Notice No:588/71 dt.15-4-71 3. T. Maneklal Manufacturing Co.Ltd. Notice No:624/71 dt.20-4-71 4. The Motor and General Finance Ltd. Notice No:724/71 dt.3-5-71

3. Resolved that the notices mentioned against the names of the undermentioned companies regarding permission for dealing in coupons of their bonus shares are confirmed: 1. Bajaj Auto Ltd. Notice No:493/71 dated 5-4-71 2. Saurashtra Cement and Notice No:606/71 dated 19-4-71 Chemical Industries Ltd. 3. Tata Chemicals Ltd. Notice No:645/71 dated 22-4-71

4. Resolved that the notices mentioned below against the names of the specified companies regarding stopping and or resuming transactions in their shares are confirmed: 1. Kotak and General Finance Ltd. Notice No:579/71 dt.7-4-71 and 564/71 dt. 12-4-71 2. Sirdesai Brothers Ltd. Notice No:593/71 dt.16-4-71

5. Resolved that the notices mentioned against the names of the below mentioned companies regarding transactions in their shares are confirmed: 1. Shree Synthetics Ltd. Notice No:609/71 dt.19-4-71 2. Hindustan Aluminum Corporation Ltd. Notice No:629/71 dt.21-4-71 3. The Indian Iron and Steel Co.Ltd. Notice No:660/71 dt.24-4-71 and Notice No:667 dt.26-4- 71 4. Belapur Co.Ltd. Notice No:662/71 dt. 24-4-71 5. Alcock Ashdown & Co. Ltd. Notice No:734/71 dt.4-5-71

6. Resolved that the notices mentioned against the names of the below mentioned companies regarding deliverability of their new shares against their old shares are confirmed: 1. Aruna Sugar Ltd. Notice No:644/71 dt.22-4-71 2. Philips Carbon Black Ltd. Notice No:665/71 dt.24-4-71 3. The Indian Dye-stuff Industries Ltd. Notice No:733/71 dt.4-5-71

7. Resolved that the undermentioned notices are confirmed : 1. Notice No:547/71 dated 10-4-71 regarding lists of the Hand Delivery transactions. 2. Notice No:548/71 dated 10-4-71, No:551/71 dated 12-4-71, No:618/71 dated 19-4-71 and No:716/71 dated 3-5-71 regarding settlement of Hand Delivery transactions. 3. Notice No:603 dated 17-4-71 regarding reduction of outstanding business in Cleared securities by at least 10% in each clearing.

8. The letters of the undermentioned members were read and it was resolved to confirm the permission given to them for doing business as Representative Members as mentioned below: Nominating Member Representative Member M/s Hiralal Lilladher M/s Prabudas Lilladher Shri Bhagwandas Keshaji Suchde Shri Dolatrai Amratlal Shah 9. The application for formation of the undermentioned partnerships were considered and it was resolved to approve them: Name of Partnership Firm Name of Partners Date of Partnership M/s Bhagwatiprasad Shri Bhagwatiprasad Rungta 22-4-71 Rungta Shri Vinodkumar Rungta M/s Puranmal Bansidhar Shri Gaurishankar Puranmal 27-3-71 Shri Satyanarayan Gaurishankar Shri Jagmohandas Gaurishankar Shri Ramswarup Puranmal

10. The letter dated 3-4-71 of Shri Jayantilal Jeshinglal, Bai Manibai Jeshinglal and others were considered and it was resolved that in view of the prevailing circumstances they should be given permission to continue the business of the late Shri Jeshinglal Savjibhai for two more months. 11. The letter dated 30-4-71 of Shri Faramrose Hormasji Lal and Shri Faramrose Shapurji Sukhia, executors of the will of late Shri S.D. Kerawala was considered and it was resolved to give them permission to continue the business of the late Shri S.D. Kerawala for one month. 12. The letter dated 26-4-71 of Shri Babubhai M. Chinoy about continuing our membership of the Indian Chambers of Commerce and Industries was considered and it was resolved to write to him that we are willing to continue our membership of the Federation if the subscription of Rs.1000/- which we are paying at present continues to remain the same and we do not have to pay subscription bigger than that. 13. The application dated 28-4-71 of Shri Narandas Gokaldas requesting for giving help on the occasion of the marriage of his sons daughter was considered and it was resolved to give him assistance of Rs.251/- from Sir Shapurji Broacha Brokers’ Helping Fund on that occasion. 14. The application of Bai Manglaben Shivlal shah and the letter dated 10-4-71 of the share Bazar Staff Union were considered and it was resolved to give assistance of Rs.500/- to Bai Manglaben Shivlal Shah from Seth K.R.P. Shroff Sarvajanik Fund. 15. For the purpose of filling in two vacancies in the Arbitration Committee a note was put up calling for the names of the members who desired to work as members of the Arbitration Committee. In response to that as only Shri Bhagubhai Amthalal Gandhi and Shri Hariram Dwarkadas came forward as candidates both of them were appointed as members of the Arbitration Committee. 16. The application dated 5-4-71 of the near relatives of the late Shri Darasha Merwanji Master nominating Shri Keki Dinshaw Bomanji Mehta as a member of the Exchange in the place of late Shri Darasha Merwanji Master was considered and after interviewing Shri Keki Dinshaw Bomanji Mehta and his recommenders S/Shri Champaklal Devidas and J.P. Gandhi it was resolved by 12 votes in favour and none against to elect Shri Keki Dinshaw Bomanji Mehta as a member of the Exchange in the place of late Shri Darasha Merwanji Master subject to the Rules and Bye-laws of the Exchange. 17. The application dated 2-4-71 of the near relatives of the late Shri Chimanlal Jeshingbhai Damodardas nominating Shri Jeravdas Dulomal Jasnani as a member of the Exchange in the place of late Shri Chimanlal Jeshingbhai Damodardas was considered and after hearing him the matter was postponed. 18. The letter dated 25-2-71 of the Institute for Financial Management and Research

seeking assistance was read and that matter was postponed. 19. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm admission of their below mentioned securities to our list of securities quoted on the Exchange: Blue star Limited New Equity Tata Chemicals Ltd. Bonus Equity Philips Carbon Black Ltd. Bonus Equity Jyoti Limited New Equity Indian Dyestuff Industries Ltd. Bonus Equity

20. The listing application dated 16-4-71 of the Gujarat Electricity Board was considered and it was resolved to admit its 6% 1982 Bonds to our list of Non-Cleared Securities. 21. The listing application of Ferro Alloys Corporation was considered and it was resolved to admit its new equity shares and 7.75% Debentures of the Face Value of Rs.500/- each to our list of Non-Cleared Securities and dealings therein should be made in lots of 5 shares and units of Rs.500/- each respectively. 22. The listing applications of Shama Engine Valves was considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us its new Equity Shares should be admitted to our list of Non-cleared Securities and dealings therein should be made in lots of 50 shares each.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 14-6-71

Monday, 14-6-71.

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Shri Laldas Jamnadas wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth A.R. Mahadevia Seth Rasiklal Maneklal Seth Vasantlal Kantilal Shah Seth Jayant Amerchand Seth Babubhai Maganlal Gandhi Seth Jasvantlal Chhotalal Seth Mathradas Samaldas Seth Hiralal Girdharlal Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Jivatlal Seth Himatlal V. Gandhi Seth Vasantlal Champaklal

Government Nominees Shri M.N. Deshmukh

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum right and ex-right trading of their shares are confirmed: 1 Fibre Glass Pelkigton Ltd. Notice No: 769/71 dt. 7-5-71 2 Saurashtra Cement and Chemical Notice No: 837/71 dt.15-5-71 Industries Ltd. 3 Jayant Paper Mills Ltd. Notice No: 875/71 dt.20-5-71 4 Maharaja Goculdas Spg. & Wvg., Co.Ltd. Notice No: 903/71 dt.25-5-71 5 Ahmedabad Advance Mills Ltd. Notice No: 904/71 dt.25-5-71 6 The Baroda Rayon Corporation Ltd. Notice No: 960/71 dt.2-6-71

2. Resolved that the notices mentioned against the names of the undermentioned companies regarding permission given for dealing in Letters of Renunciation of their new shares are confirmed: 1 Western India Vegetable Products Ltd. Notice No: 765/71 dt.5-5-71 2 The Motor and General Finance Ltd. Notice No: 940/71 dt.1-6-71 3 Chemicals and Fibres of India Ltd. Notice No: 907/71 dt.25—5-71 4 Poysha Industrial Estates Ltd. Notice No: 962/71 dt.3-6-71 5 Voltas Ltd. Notice No: 968/71 dt.3-6-71 6 Saurashtra Cement and Chemical Notice No: 988/71 dt.7-6-71 Industries Ltd.

3. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum dividend and ex-dividend transactions in their shares are confirmed: 1 National Rayon Corporation Ltd. Notice No: 749/71 dt. 4-5-71 and Notice No:816/71 dated 14-5-71. 2 Bombay Oxygen Corporation Ltd. Notice No: 766/71 dt.5-5-71 and Notice No:864/71 dt. 19-

5-71. 3 Bank of Maharashtra Ltd. Notice No: 768/71 dt. 6-5-71 4 New India Assurance Co. Ltd. Notice No: 783/71 dt.11-5-71 5 Hindustan Ideal Insurance Co. Ltd. Notice No: 822/71 dt.14-5-71

4. Resolved to confirm the undermentioned notices: 1. Notice No:765/71 dated 5-5-71 regarding permission given for dealing in coupons of the bonus shares of Western India Vegetable Products Ltd. 2. Notice No: 809/71 dated 13-5-71 regarding settlement of transactions in the shares of Excel Industries Ltd. 3. Notices No:677/71 dated 21-5-71 regarding settlement of transaction in the shares of Garware Nylons Ltd. 4. Notice No: 831/51 dated 15-5-71 regarding transactions in the shares of General Insurance Companies. 5. Notice No:860/71 dated 18-5-71 regarding programme of Buyers’ Tickets. 6. Notice No:884/71 dated 24-5-71 regarding changes in the clearing Programme. 7. Notice No:897/71 dated 25-5-71 and Notice No: 1018/71 dated 12-6-71 about changes made in the time for doing business in the market. 8. Notice No:948/71 dated 31-5-71 about calling for lists of transaction in shares which are settled by Red and Black forms relating to tickets. 9. Notice No: 968/71 dated 3-6-71 regarding permission given for dealing in coupons of the bonus shares of Voltas Ltd. 10. Notice No:1012/71 dated 11-7-71 about stopping transactions in the shares of Osman Sahi Mills Ltd. 5. Resolved that in the undermentioned arbitration matters between members and non- members the time for giving awards should be extended as mentioned against them: Arbitratin Name of Parties Extension of time Reference for giving award. No: 1 N 61 of 61 Vijaykumar V. Ruiya v/s M/s S.R. Dalmia Upto 19-6-71 2 N 53 of 63 Kantilal Jivanlal Vakharia v/s Chimanlal Upto 10-6-71 and Manilal Ghiwala thereafter upto 10-7-71 3 N 68 of 63 Kishorilal Thakarsdas Poddar v/s Smt. Upto 27-5-71 and Shantadevi Maneklal thereafter upto 27-6-71 4 20 of 66 Joyuntilal Koticha v/s Arvind Nyalchand Upto 17-5-71 and Shah thereafter upto 17-6-71 5 32 of 67 Shri Narayan Durgadatta Sarmalka v/s Upto 18-6-71 C.R. Loyalka 6 41 of 68 Chandulal Chunilal & Co. v/s Madanlal Upto 4-6-71 and Podar thereafter upto 4- 7-71 7 6 of 69 M/s Narendrakumar Bhogilal & Co v/s Upto 12-5-71 and Makhanlal Chhaganlal Damani thereafter upto

12-6-71 8 M/s Champaklal Jamnadas v/s J.N. Bahl Upto 20-5-71 and thereafter upto 20-6-71 9 15 of 69 Girdharlal Amulakh Shah v/s Shanitlal Upto 26-6-71 Rajpal Mehta 10 20 of 69 M/s Sumatilal Jamnalal v/s Ashok Upto 5-5-71 and Investment Corporation Pvt.Ltd. thereafter upto 5- 7-71 11 20 of 70 K.J. Shah and Sons v/s N.C. Doshi Upto 22-5-71 and thereafter upto 22-6-71 12 4 of 70 M/s Champaklal Jamnadas v/s Nimji Upto 4-6-71 and Alibhai thereafter upto 4- 7-71 13 6 of 71 M/s Shivraj Mohanlal & co. v/s R.C. Upto 7-6-71 Agarwal 14 15 of 70 M/s G.K. fozdar v/s Keki Gandhi Upto 28-2-71 thereafter upto 29-3-71 thereafter upto 29-4-71 thereafter upto 29-5-71 thereafter upto 29-6-71. 15 25 of 70 M/s Puranmal Bansidhar v/s M/s Upto 23-5-71 and Vishwanath Todi thereafter upto 23-6-91 16 26 of 70 Shankar Vaikunth shanbag v/s S.R. Upto 18-6-71 Ketkar & sons 17 8 of 68 Basudev Narayandas v/s Bisesarlal Mittal Upto 17-6-71 Proprietor of M/s Mukul Bisesarlal and Jaygopal Bansilal Ojha

6. Resolved that in the arbitration reference between Laxmidas Lilladhar Shah and Dabchand B. Sheth, Shri Dabchand B. Sheth should be given extension of time upto 1-7-71 for appointing an arbitrator.

7. Resolved that in the arbitration reference between members and non-members mentioned below appointment of arbitrators should be made as follows: Arbitratin Name of Parties Name of the Arbitrators’ Reference Party on name No: whose behalf Arbitrator if appointed 1 2 of 71 M.B. Maratha v/s M/s S.R. S.R. Ketkar Shri Jayant Ketkar & Sons & sons Amerchand 2 3 of 71 M/s Vadilal Rajpal Mehta v/s M/s M/s Shri C.M. Chunara Brothers Chumara Shah Brothers 3 4 of 71 M/s Jamnalal Ma v/s Dhri Shri Shri Mohammed Chunara Mohammed Jayantilal M.

Chunara Dala 4 6 of 71 Nagardas Ravji v/s Narsinhbhai Narsinghbhai Shri N.T. M. Patel Patel Parekh 8. Resolved that as Shri M.C. Mehta an Arbitrator in the arbitration matter between Kantilal Amthalal Shah, Harichand Maheshwari has expired Shri V.K.Shah is appointed as an Arbitrator in that vacancy. 9. The application dated 4-6-71 of Shri S.M. Danda of our office staff asking for help for paying college fee of the first term of Junior B.Com. was considered and it was resolved to give him assistance of Rs.175/- for that purpose from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 10. The application for help dated 26-5-71 of S.K. Patel Arogyadham and that dated 8-4- 71 of Bedi Parattarijan Youvak Mandal were considered and it was resolved that no help can be given to them. 11. The letter dated 18-5-71 of S/Shri Vinaychandra Narbheram Parekh, Navinchandra Narbheram Parekh and Kirtikumar Narbheram Parekh, shri Hirakumar Narbheram Parekh and Ms. Neelam Narbheram Parekh was considered and it was resolved to give permission to continue the business of M/s Narbheram Harakchand for two more months. 12. The letter dated 25-5-71 of Bai Padmavati Gunvantlal and S/Shri Rashmi Gunvantlal Sadagar, Yogesh Gunvantlal Sadagar, and Mayank Gunvantlal Sadagar was considered and it was resolved to give permission to Shri Kumudchandra Manilal Sadagar to continue the business of the late Shri Manilal Dahyabhai Sadagar for two more months. 13. The letter dated 3-6-71 of Bai Sarla Manilal Marfatia and Shri P.N. Marfatia was considered and it was resolved to give permission to Shri K.N. Marfatia for continuing the business of the late Shri M.N. Marfatia for three months. 14. The application for formation of the undermentioned partnerships were considered and it was resolved to approve them: Name of Partnership Firm Name of Partners Date of Partnership M/s Kanji Lilladhar Shri Kanji Lilladhar 26-2-71 Shri Krishnakumar Kanji Bhatia Shri Mansinga Kanji Bhatia Shri Rashmi Kanji Bhatia M/s Darasha & Co. Shri Keki Darasha Mehta 2-6-71 Shri Abhay Dharamsi Narottam M/s Chimanlal Mohanlal Shri Chimanlal Mohanlal Shah 21-6-71 Shah Shri Mahendra Chimanlal Shah 15. The application dated 17-4-71 of Shri Framroze Dadabhoy Madon nominating Shri Pradip Harkisondas as a member of the Exchange in his own place was considered and after interviewing Shri Pradip Harkisondas and his recommenders S/Shri F.N. Kapadia and Rameshchandra Lallubhai Choksey it was resolved by 13 votes in favour and none against to elect Shri Pradip Harkisondas as a member of the Exchange in the place of Shri Framroze Dadabhoy Madon subject to the Rules and Bye-laws of the

Exchange. 16. As the Stock Exchange Directory and Publication of advertisement therein are now under the control of The Stock Exchange Foundatin and The Stock Exchange Education and Research Services respectfully, it was resolved that the arrangements, management and the work in respect thereof which were with the Stock Exchange should be continued by the Trustee of the aforesaid Foundation and Services. 17. Resolved that recommendation should be made to the General Body for appointment of Shri Dhirajlal Maganlal as a Trustee of the Exchange in the vacancy caused by the demise of Shri Kantilal Ishwarlal. 18. Unanimously resolved that as the Preference Shares shown against the names of the undermentioned companies are being redeemed they should be removed from the list of securities traded on the Exchange. Saurashtra Cement and Chemical Industries Ltd. -- 6% Redeemable Cumulative Preference shares Hind Cycles Ltd. --- 8.5% Preference Shares 19. The letter dated 12-5-71 of Mahalaxmi Fibres and Industries was considered and it was unanimously resolved to remove its shares from our list of securities traded on the Exchange. 20. The listing applications of the undermentioned companies were gone through and it was unanimously resolved to confirm listing of their securities mentioned against their respective names here-in-under: United Motors (India) Ltd. Bonus Equity Mafatlal Fine Spg. And Mfg. Co.Ltd. Bonus Equity Alembic Glass Industries Ltd. Bonus Equity Western India Vegetables Products Ltd. Bonus Equity Amar Dyechem Ltd Bonus Equity Estrella Batteries Ltd. New Equity Bajaj Auto Ltd. Bonus Equity The Tata Oil Mills Ltd. New Equity Swastik Rubber Products Ltd. New Equity Bombay Suburban electric Supply Co.Ltd. New Equity Incheck Tyres Ltd. New Equity

21. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us the securities mentioned against their names should be admitted to our list of Non- cleared Securities traded on the Exchange and dealings in those securities should be done in the trading lots mentioned there against: The Cochin Malabar Estates Ltd. Equity 100 shares The Cochin Malabar Estates Ltd. Preference 10 shares Swadeshi Polytex Ltd. Equity 50 shares Swadeshi Polytex Ltd. Preference 5 shares

Bihar Alloy Steels Ltd. Equity 50 shares Bihar Alloy Steels Ltd. Preference 5 shares Y.G. Rubber Products Ltd. Equity 50 shares Y.G. Rubber Products Ltd. Preference 5 shares The Aluminum Industries Ltd. 8% Debentures 5 debentures

Sd/- Sd/- A.J. Shah Rasiklal Maneklal Secretary President

Dt: 13-7-71

Monday, 28-6-71.

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 1.00 pm under the Chairmanship of Shri Laldas Jamnadas wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Jagdish J. Kapadia Seth Rasiklal Maneklal Seth A.R. Mahadevia Seth Jayant Amerchand Seth Vasantlal Kantilal Shah Seth Jasvantlal Chhotalal Seth Babubhai Maganlal Gandhi Seth Hiralal Girdharlal Seth Mathradas Samaldas Seth Gordhandas Bhagwandas Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Jivatlal Seth Himatlal V. Gandhi Seth Vasantlal Champaklal

Government Nominees Shri M.N. Deshmukh

The following business was transacted in the meeting:

1. The President made a painful mention of the sad demises of our patron and great guide Shri K.R.P. Shroff and paid loving tributes for the unique services rendered to the Association for almost 50 years. Thereafter, the Board stood up, prayed for the peace of the pious soul of Shri K.R.P. Shroff observing silence for two months and passed the following Resolution: “ Resolved that this Board takes note of the painful demise of our Patron and life long guide Seth K.R.P. Shroff and expressed its feeling of great pain, grief and sadness. This Board also notes with gratitude the unique services rendered by the deceased to our Exchange as Hon-Secretary, Treasurer and Trustee and as elected President continuously for 43 years and pay its respectful tributes to him. During the longtime of his Presidentship whenever acute crisis took place in our market on account of wars or any other extraneous developments he had led our market successfully out of such situations with his tactfulness, expertise and experience, safeguarding the interest of the whole market and the investors. He had earned the love and affection off all people working in the market and get respect, recognition and honor as that of a respected faculty head with his sparking personality endowed with multi merit like truth, integrity, honesty selfness dedication to duty, zeal, indomitable work energy and courage it is all because of him that our market has been enjoying an unique and honorable recognition for years by the Government and people. It will never be possible to fill up the great void that has occurred in our market due to his demise. This Board expresses its deep sense of grief anguish and stress it will formerly nerveless of the demised and request the President to send a copy of this resolution to them as a them of our condolences. 2 Resolved that our market should be kept entirely close for all kind of business on

Tuesday 29-6-71 in honour of the Seth KRP Shroff and on that day a condolence meeting of all the people working in our market should be held of ST. 12 noon to mourn his death and pay him tributes. Further resolved that as it has been decided to keep our market closed on Monday 28- 6-71 and Tuesday 29-6-71 in honour of the memory of the late Seth KRP Shroff , the market should be kept open for doing business from ST. 12 noon to 1 PM

Sd/- Sd/- A.J. Shah Rasiklal Maneklal Secretary President

Dt: 13-7-71

Tuesday, 13-7-71

A meeting of the Governing Board of the Stock Exchange was held today at ST. 3.00 PM. Under the Chairmanship of Seth Rasiklal Maneklal, wherein the under mentioned members of the Board were present:

Shri Rasiklal Maneklal Shri J. R. Motishaw Shri Phiroze J. Jeejeebhoy Shri Jagdish J. Kapadia Shri Jayant Amerchand Shri A. R. Motishaw Shri Jasvantlal Chhotalal Shri Vasantilal Kantilal Shah Shri Hiralal Girdharialal Shri Babubhai M. Gandhi Shri Gordhandas Bhagwandas Shri Mathradas Samaldas Shri Vasantlal Jivatlal Shri Navinchandra Chhagnlal Kampani Shri Vasantlal Chamapaklal

Government Nominees Shri M. N. Deshmukh

The following business was transacted in the meeting

1 Resolved that the notices mentioned against the names of the below mentioned companies regarding cum-rights and ex-right transaction in their shares are confirmed:

1 The Motor & General Finance Ltd. Notice No. 1080/71 dt, 25-6-71 2 Shri Dinesh Mills Ltd. Notice No. 1105/71 dt. 1-7-71 3 Permanent Magnets Ltd. Notice No. 1112/71 dt. 2-7-71 4 Fit Tight Nuts and Bolts Ltd. Notice No. 1127/71 dt. 5-7-71

2 Resolved that the under mentioned notes should confirmed

1 Notice No. 1068/71 dated 23-6-71 regarding keeping the market closed on 23-6-71 2 Notice No. 1069/71 dated 24-6-71 and Notice no. 1072/70 dated 25-6- 71 regarding settlement of Hand Delivery transactions 3 Notice No. 1070/71 dated 25-6-71 regarding changes in the Clearing programme 4 Notice No. 1074/71 dated 25-4-71 regarding Settlement of transaction in the shares of Siemens (India) Ltd. 5 Notice No. 1085/71 dated 28-6-71 regarding keeping the market closed on 28-6-71 in honour of the late Seth KRP Shroff on account of his demise. 6 Notice No:1091 dated 30-6-71 regarding Buyers Tickets. 7 Notice No:1152/71 dated 8-7-71 regarding permission given for dealing in Letters of Renunciation and coupons of the new equity shares of Ahmedabad Advace Mills Ltd.

3 The application dated 12-5-71 of Shri Namdeo Bhikaji for giving him help in respect of the expenses incurred by him during his illness was considered and it was resolved to give him assistance of Rs.500/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 4 The application dated 27-4-71 of Shri Pandurang Gopal of our office staff was considered and it was resolved to give him help of Rs.175/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 5 The letter dated 17-6-71 of our Clearing House Nayat Janu Jarappa Kotian regarding his retirement after having served for 48 years was read and taken note of. 6 Resolved that in the undermentioned arbitration references the time for giving the award is extended as stated against each of the reference :

Arbitration Names of Parties The date upto which Reference the time for giving No: the award is extended upto: 8 of 68 Basudev Narayandas v/s Bissesar 17-71-71 Dayal Mittal, M/s Mukutlal Bissesar Dayal and Jaigopal Bansilal Oza 20 of 66 Joyuntilal Koticha v/s Arvind 18-7-71 Nyalchand Shah 26 of 70 Shankar Vackunth Shanbhag v/s S.R. 18-7-71 Ketkar & sons 32 of 67 Shivnarayan Durgadatt Sanvalka v/s 18-7-71 C.R. Loyalka 61 of 61 Vijaykumar V. Ruia v/s S.R. Dalmia 19-7-71 100 of 69 M/s Champaklal Jamnadas v/s J.N. 20-7-71 Bahl 25 of 70 M/s Puranmal Bansidhar v/s 23-7-71 Vishwanath Todi 15 of 69 Girdharlal Amulakh shah v/s Shantilal 26-7-71 Rajpal Mehta 23 of 67 M/s Hill and Rock v/s M/s J.r. 1-8-71 Motishaw & Co. 41 of 68 Chandulal Chunilal & Co. v/s 4-8-71 madanlal Poddar 4 of 70 M/s Champaklal Jamnadas v/s Nimji 4-8-71 Alibhai 20 of 69 M/s Sumatilal Jamnalal v/s Ashok 5-8-71 Investment Corporation Pvt.Ltd. 53 of 63 Kantilal Jivanlal Vakharia v/s Chunilal 10-8-71 Manilal Gheewala 2 0f 71 K.J. Shah and Sons v/s N.C. Desai 22-7-71

7 Resolved that as Shri Dalichand B. Sheth has failed to appoint an Arbitrator on his behalf in the Arbitratior Reference betwwn Shri Laxmidas Lilladher Shah and Shri Dalichand B. Sheth, Shri Jayantilal R. Khandwala is appointed as an Arbitrator on his behalf. 8 The Clearing programme for the month of October, November and December of the year 1971was fixed as under: The last working 1-10-71 22-10-71 5-11-71 26-11-71 10-12-71 day and the Badla day Comparison Day 5-10-71 25-10-71 8-11-71 29-11-71 13-12-71 and Clearance Day Delivery Day 7-10-71 27-1-71 10-11-71 1-12-71 15-12-71 Account Day 9-10-71 29-10-71 12-11-71 3-12-71 17-12-71 Pay-in Day 11-10-71 30-10-71 13-11-71 4-12-71 18-12-71 Settling Day 13-12-71 2-11-71 16-11-71 7-12-71 21-12-71

9 The application dated 2-4-71 of the near relatives of the late Shri Chimanlal Jeshingbhai Damodardas nominating Shri Jeramdas Dulomal Jashmani as a member of the Exchange in the place of late Shri Chimanlal Jeshingbhai Damodardas was considered and after interviewing Shri Jeramdas Dulomal Jeshmani and his recommenders S/Shri Ramniklal Mohanlal and B.M. Chokshi it was resolved by 14 votes in favour and none against to elect Shri Jeramdas Dulomal Jeshmani as a member of the Exchange in the place of late Shri Chimanlal Jeshingbhai Damodardas subject to the Rules and Bye-laws of the Exchange on the condition that he should not do business in the market in his own name until 8-10-72. 10 The application dated 21-6-71 of the near relatives of late Shri Narbheram Harakchand Parekh nominating Shri Vinaychandra Narbheram Parekh as a member of the Exchange in the lace of the late Shri Narbheram Harakhchand Parekh was considered and after interviewing shri Vinaychandra Narbheram Parekh and his recommenders S/Shri Champaklal Jamnadas Parekh and Jayant C. Parekh it was resolved by 14 votes in favour and none against to elect Shri Vinaychandra Narbheram Parekh as a member of the Exchange in the place of late Shri Narbheram Harachand Parekh subject to the Rules and Bye-laws of the Exchange 11 Resolved that the Stock Exchange Education and research Securities and the Stock Exchange Foundation should have the history of the Stock Exchange written by one or two experts and should get it provided and necessary arrangements and express should be most thereof. 12 The matter regarding conversion of the Stock Exchange official Directory from the present five volume to 18 volumes and for that the required spring-book binder plastic gaskets, book mark and the expenses etc. was discussed and it was resolved that the `necessary arrangement and expenses therefore should be done. 13 The listing applications of the under mentioned companies was considered and it was resolved to confirm the permission given for listing their securities mentioned below against their respective names. The Surat Electricity Company Limited New Equity

The antifriction Bearings corporation 97555 new equity shares allotted Limited to Foregi Collaborators Ratnakar Shipping Company Limited New Equity Uttar Pradesh Hotels LImited New Equity and New Preference The Jubily Mills Limited Bonus Equity

14 The listing applications of the under mentioned companiew were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and the Compliance with the usual requirements and the other special requirement stipulated by us, their securities mentioned against their names below should be admitted to our list non cleared securities and dealings in the securities should be done in the loots specified against them. Gujarat Polyamides Limited ‘A’ Equity Shares of Rs. 100 5 Shares Each Gujarat Polyamides Limited ‘B’ Equity Shares of Rs. 10 50 Shares Each Gujarat Polyamides Limited Preference 5 Shares Deepak Nitrite Limited Equity 50 Shares Deepak Nitrite Limited Preference 5 Shares Polysteel Limited Equity 50 Shares Chemicals & Fibres of India New Equity 50 Shares Limited Straw Products Limited 9.3% Redeemable 5 Shares Preference Shares Madhya Pradesh Electricity 6% 1983 Bonds Board

Sd/- Sd/- A J Shah Laldas Jamnadas (Secretary) (President)

16-8-71

Monday, 16-8-71

Meeting of the Governing Board of the Stock Exchange was held today at ST 3.00 p.m. under the Chairmanship of Seth Laldas Jamnadas, wherein the under mentioned members of the Board were present.

Shri Laldas Jamnadas Shri Vasantlal Jivatlal Shri Phiroze J. Jeejeebhoy Shri J R Motishaw Shri Jayant Amerchand Shri Vasantlal Kantilal Shah Shri Jaswantlal Chhotalal Shri B M Gandhi Shri Hiralal Girdharlal Shri Mathradas Samaldas Shri Gordhandas Bhagwandas Shri Navinchandra Chhaganlal Kampani

Government Nominees Shri M N Deshmukh

The following business was transacted at the meeting.

1 Resolved that the notices mentioned against the name of the under mentioned companies regarding cum rights and ex rights transactions in their respective shares are confirmed.

The Industrial Credit and Investment Notice No. 1163/71 dated 10- Corporations of India Limited 7-71 Thakkar and Company Notice No. 1169/71 dated 12- 7-71 Adarsha Chemicals and Fibres Limited Notice No. 1298/71 dated 2-8- 71 Bombay Malleable and Iron Castings Notice No. 1341/71 dated 6-8- and Industries Limited 71 2 Resolved that the under mentioned notices are confirmed:

1 Notice No. 1187/71 Date 16-7-71 regarding stoppage of dealing in the shares of Proteins India Limited 2 Notice No 1205/71 Dated 19-7-71, No. 1217/71 Dated 21-7-71 and No. 1260/71 Date 28-7-71 regarding settlement of hand delivery transactions of 7 kinds of shares. 3 Notice No. 1272/71 Dated 30-7-71 and No. 1316/71 dated 3-8-71 regarding changes in the charges in the clearing programme. 4 Notice No. 1283/71 Dated 31-7-71 regarding permissions given for dealing in letters of renunciations and coupons of the new Equity Shares of Permanent Magnet Limited 5 Notice No. 1284/71 dated 31-7-71 regarding permission given for dealing in the letters of renunciation of the new Equity shares, and bonus shares of Shri Dinesh Mills Ltd. 6 Notice No. 1313/71 dated 5-8-71 regarding declaration of 13-8-71 as the Association Holiday of Gokulashtami 7 Notice No. 1368/71 dated 12-5-71 regarding declaration on 13-8- 71 as the Association Holiday of Gokulashtami 8 Notice No. 1368/71 dated 12-8-71 regarding permission given for dealing in Coupons of the bonus equity shares of Fit Fight Nuts Bolts Ltd.

3 Resolved that the Notices mentioned below against the name of the undermnetioned Companies regarding permissibility of delivery of their and shares against their old names are approved

1 Jyoti Ltd. Notice No. 1207/71 dated 2 Swastik Safe Deposit and Notice No. 1346/71 dated 6-8- Investment Ltd. 71 3 The Tata Oil Mills Ltd. Notice No. 1243/71 dated 23- 4 Indrabator Ltd. Notice No. 1355/74 dated 10- 5 Escorts Ltd. Notice No. 1361/71 dated

4 The application dated 10-8-71 signed by Shri Kantilal Mohanlal and 50 other members was considered and it was resolved to fix Wednesday, 25-8-71 as the Association Holiday of Samvatsari.

5 Resolved that in the under mentioned Arbitration References between members and Non-members, the time for giving the award should be extended as stated against respective references:

Arbitratin Name of Parties Extension of Reference time for giving No: award. 1 200 of Joyuntilal Koticha v/s Arvind 17-8-71 1966 Nyalchand Shah 2 8 of 9686 Basudev Narayandas v/s Bissesar 17-8-71 Daya proprietor of M/s Mukutlal Bissesar Dayal and Jaygopal Bansilal Ojha 3 32 of 1967 Shivnarayan Durgadatt Sonvata v/s 18-8-71 C.R. Loyalka 4 26 of 1970 Sankar Vaikuth Shanbhag v/s S.R. 18-8-71 Kothari & Sons 5 N61 of Viaykumar Vishwambharlal Ruiya v/s 19-8-71 1961 M/s S.R.Dalmiya 6 10 of 1969 M/s Champaklal Jamnadas v/s J.N. 20-8-71 Baht 7 1 of 1971 Omkarlal R. Bohra v/s C.M. Shah 22-8-71 8 25 of 1970 M/s Puranmal Bansidhar v/s 27-8-71 Vishwanath Todi 9 15 of 1969 Girdharlal Amulakh Shah v/s 26-8-71 Shantilal Rajpal Mehta 10 N68 of Kishorilal T. Poddar v/s Smt. 27-8-71 1963 Shantadevi Maneklal 11 15 of 1970 M/s G.K. Fozdar v/s Shri Keki Gandhi 29-8-71 12 23 of 1967 M/s Hill & Rock and M/s J.R. 1-9-71 Motishaw & Co. 13 41 of 1968 M/s Chandulal Chunilal & Co. v/s 4-9-71 Madanlal Poddar 14 4 of 1971 M/s Champaklal Jamnadas v/s 4-9-71 Nimjee Alibhoy 15 N53 of Kantilal Jivanlal Vakharia v/s 4-9-71 1963 Chunilal Manilal Gheewala

6 Resolved that as in the Arbitratin Reference between Bhagwatiprasad Omkarwal Roongta and M/s Indian Trades and Finance Ltd., the latter has failed to appoint an Arbitrator on its behalf hence Shri B.M. Gandhi is appointed as an Arbitrator on its behalf. 7. Resolved that as M/s S.R. Ketkar & Sons have failed to appoint an Arbitrator on their behalf in the Arbitration Reference between Shri Bhagwat Gajanan Purohit and M/s S.R. Ketkar & Sons, Shri Jayant Amerchand is appointed as an Arbitrator on behalf of M/s S.R. Ketkar & Sons. 8 The applications of the undermentioned organizations for help was considered and it was resolved to give each of them assistance of Rs.101/- from the Association Fund: The Poona School and Home for the Blind. The Deaf and Dumb School, Sholapur. The Bassin Blind Relief Association. 9 The application dated 23-7-71 of Shri P.P. Dube of our office staff was considered and it was resolved to give him assistance of Rs.155/- from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund for tuition fee and buying books for Accountancy course. 10 The application dated 23-7-71 of Shri S.M.Davda of our office staff was considered and it was resolved to give him assistance of Rs. 79/12 from Seth KRP Shroff Stock Exchange Sarvajanik Fund for purchasing books for studying B.Com. 11 Resolved that help of Rs. 5001/- should be given to Sharebazar Hitwardhak Kendra from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 12 Resolved to confirm the permission given for working as a Representative Member as mentioned below:

Nominating Member Representative Member M/s Ramniklal Mohanlal Shri Jeramdas Dulomal Jasnani M/s Balubhai Tribhovandas Parekh Shri Lalitkumar R. Sheth

13 The application dated 30-7-71 of S/Shri Vinaychandra Narbheram Parekh, Navinchandra Narbheram Parekh for partnership amongst them was considered and it was resolved to approve their partnership under the firm name of M/s Narbheram Harakchand Parekh with effect from 30-7-71. 14 The letter dated 19-7-71 f Shri Mohanlal Sakarchand giving his nephew Shri Shantichand Babubhai Jhaveri authority to deal with his membership right after his demise was considered. The Board took note thereof and resolved that the Board at that time would do the needful in that matter. 15 Resolved that with a view that all the construction work of our nw building could be started simultaneously from the foundation, non permanent facilities should be made by doing temporary construction over a portion of the trading hall and that work should be got done by a contractor for which necessary expenses should be incurred. 16 The application dated 9-6-71 of the near relatives of late Shri Mohanlal Ramsukh nominating Shri Bhavarlal Mohanlal as a member of the Exchange in the place of the late Shri Mohanlal Ramsukh was considered and after interviewing Shri Bhavarlal Mohanlal and his recommenders S/Shri Champaklal Devidas and Dhirajlal Girdharlal it was resolved by 10 votes in favour and one against to elect Shri Bhavarlal Mohanlal as a member of the Exchange in the place of late Shri Mohanlal Ramsukh subject to the Rules and Bye-laws of the Exchange . 17 The application dated 6-7-71 of the near relatives of late Shri Jayantilal Harjivandas nominating Shri Sanjay Jayantilal as a member of the Exchange in the place of the late Shri Jayantilal Harjivandas was considered and after interviewing Shri Sanjay Jayantilal and his recommenders S/Shri Dhirajlal Girdharlal and Champaklal Jamnadas it was resolved by 11 votes in favour and none against to elect Shri Sanjay Jayantilal as a member of the Exchange in the place of late Shri Jayantilal Harjivandas subject to the Rules and Bye-laws of the Exchange on the condition that for two years he should not do business in the market in his own name. 18 The Report, Income and Expenditure Account and the Balance Sheet of our Association fro the year 1970 were passed. 19 The letter dated 10-8-71 of our Auditors M/s S.B. Bilimoria & Co., asking for increase of the Annual remuneration being given to them was considered and it was resolved to recommend to the Governing Body that their remuneration for auditing the accounts of our Association should be increased and they should be paid Rs. 3000/- p.a. 20 The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm the approval given for admission of their respective securities mentioned against their names below to our list of securities traded on the Exchange:

Voltas Ltd. Bonus equity Thana Electric Supply Co.Ltd. New equity T. Maneklal Co. Ltd. Bonus equity Saurashtra Cement and Chemical Bonus equity Industries Ltd. Hindustan Motors Ltd. Bonus equity Madhusudan Ltd. ‘A’ and ‘B’ Bonus equity

21 The listing application of Premier Synthetic Processors Ltd., was considered and it was unanimously resolved that subject to the Listing Regulations and other special requirements stipulated by us, the Equity and Preference shares be admitted to our list of Non-Cleared Securities traded on the Exchange and dealings therein should be done in the trading lots of 50 shares and 5 shares each respectively. 22 The letter dated 10-8-71 of Pyrotenax India Ltd., was read and it was unanimously resolved that as the Company has been taken into voluntary liquidation its shares should be removed from our list of securities traded on the Exchange.

23 “ RESOLVED that subject to the approval of the Central Government the following amendments be and are hereby made in the Rules contained in the Stock Exchange Rules Byelaws and Regulations 1957:

In Rule 4(v), after the word “or disposed of “ the word “or otherwise deal with’ shall be added.

In the Rule 4(vi), before the semicolon at the end, the following shall be inserted namely,

‘and in particular by the issue of debentures , debenture stock, bonds and other securities, provided always and it is hereby expressly declared as an original and fundamental condition of any such borrowing and raising of moneys that in all cross and under all circumstances any persons claiming payment whether of principal or interest or otherwise howsoever in respect of the money so borrowed and raised shall be entitled to claim such payment only out of the funds, properties and other assets of the Exchange which alone shall be and shall be deemed to be liable to answer and make good all claims and deemed whatsoever under and in respect of the moneys so borrowed or raised and not the personal funds, properties and other assets of all or any one or more of the Trustees of the Exchange or Members of the Governing Board or members of the Exchange, their or his heirs, executors, administrators, successors and assigns who shall not and shall not be deemed to in anywise incur any personal liability or render themselves or himself personally subject or liable to any claim or demands or be charged under and in respect of the moneys so borrowed or raised, and in the event of the funds, properties and other assets of the Exchange being insufficient to satisfy the claims of all persons claiming payment as aforesaid, the right of any such person shall be limited to and he shall not be entitled to claim anything more than his part or share of such funds, properties and other assets of the Exchange in accordance with the terms and conditions on which the moneys have beenso borrowed or raised.”

In Rule 74, for the word “ determine and sanction”, the words “determine, authorize and sanction” shall be substituted; and in clause (vi) of the said Rule, for the words “ borrowing or raising of any monies”, the words “borrowing and raising, subject to the provisions of Rule 4(vi), of any monies’ shall be substituted.

In Rule 91, for the words “funds and properties:, the words “funds properties and other assets’ shall be substituted.

Rule 93 shall be renumbered 93(a), and after the Rule so renumbered, the following shall be inserted, namely:

Delegation

(b.) The Trustees for the time being way think ft expedient delegate by power of attorney or otherwise to the Governing Board or any person or person (including any office-bearers or officers of the Exchange) or company or fluctuating body of persons ( whether being a Trustee of the Exchange or not) all or any of the Trusts, powers and discretions vested in them and such delegation may be made upon such terms and conditions and subject to such regulations including power to sub- delegate as the Trustees may think fit and the Trustees shall not be bound to supervise the proceeding of or be in anywise responsible for any loss incurred by reason of any misconduct or default on the part of any such delegate or sub-delegate.’

In Rule 121(01) at the beginning the words “subject to the provisions of Rule 4(vi)” shall be substituted. 24 The letter dated 16-8-71 of the Share Bazar Staff Union was read and it was resolved that as every member has his own separate staff as per the Board’s resolution dated 5-3-68 we have nothing to do in the matters relating to members and their staff. 25 The Chairman explained the matter regarding M/s Thakersi Pragji.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 2-9-71 Thursday, 2-9-71

Meeting of the Governing Board of the Stock Exchange was held today at ST 3.30 p.m. under the Chairmanship of Seth Laldas Jamnadas, wherein the under mentioned members of the Board were present.

Shri Laldas Jamnadas Shri A.R. Mahadevia Shri Phiroze J. Jeejeebhoy Shri Vasantlal Kantilal Shah Shri Rasiklal Maneklal Shri B M Gandhi Shri Gordhandas Bhagwandas Shri Mathradas Samaldas Shri Vasantlal Jivatlal Shri Navinchandra Chhaganlal Kampani Shri J R Motishaw Shri Vasantlal Champaklal

Government Nominees Shri M N Deshmukh

The following business was transacted at the meeting.

1 Resolved that the notices mentioned against the name of the below mentioned companies regarding permission given to deal in Letters of Renunciation and coupons of their new shares should be confirmed:

Thaker & Co. Ltd. Notice No. 1471/71 dated 20- 8-71 The Industrial Credit and Investment Notice No. 1405/71 dated 18- Corporation of India Ltd. 8-71 Bombay Malleable Iron Eastern and Notice No. 1468/71 dated 26- Allied Industries Ltd. 8-71

2 Resolved that the Notices No:1426/71 dated 20-8-71 and No:1433/71 dated 20-8-71 regarding settlement of Hand Delivery transactions are confirmed.

3 Resolved that in the under mentioned Arbitration References between members and Non-members, the time for giving the award should be extended as stated against respective references:

Arbitratin Name of Parties Extension of Reference time for giving No: award. 1 No:8 of Basudev Narayandas v/s Bisesarlal 17-9-71 1968 Mittal – Proprietor of M/s Mukatlal Bisessarlal and Jaygopal Bansilal Ojha 2 20 of 1966 Joyuntilal Koticha v/s Arvind 17-9-71 Nyalchand Shah 3 32 of 1976 Shri Narayan Durgadutt Sarvalkar 18-9-71 v/s C.R. Loyalka 4 N 61 of Vinaykumar Vishwarlal Ruiya v/s 19-9-71 1961 S.R.Dalmia 5 10 of 1969 M/s Champaklal Jamnadas v/s J.N. 20-9-71 Bahl 6 6 of 1971 Omkarlal R. Bohra v/s C.N. Shah 27-8-71 7 25 of 1970 M/s Puranmal Bansidhar v/s 27-9-71 Vishwanath Todi 8 15 of 1969 Girdharlal Amulakh Shahv/s Shantilal 26-9-71 Rajpal Mehta 9 N 68 of Kishorilal Thakarsidas Podar v/s Smt. 27-9-71 1963 Shantadevi Maneklal 10 15 of 1970 M/s G.K. Fozdar v/s Shri Keki Gandhi 29-9-71 11 23 of 1967 M/s Hill & Rock v/s J.R. Motishaw & 1-10-71 Co.

4 The listing applications of the undermentioned companies were considered and it was unanimously resolved to approve admission of their securities mentioned against their names to our list of securities traded on the Exchange: Saurashtra Cement and Chemical Industries Ltd. --- 9.5% New Preference Shares. Telefincan India Ltd. – New Preference. 5 The listing application of Lamps and Filaments Ltd., was considered and it was unanimously resolved that subject to the Listing Regulations and other special requirements stipulated by us, the Equity and Preference shares be admitted to our list of Non-Cleared Securities traded on the Exchange and dealings therein should be done in the trading lots of 50 shares and 5 shares each respectively. 6 The letter dated 19-8-71 of Kirloskar Pneumatic Co. Ltd., was considered and it was resolved to write to the Company if the convertible debentures to be issued by the company are not offered to the public or the company’s shareholders then those debentures as well as the new equity shares allotted in lieu of those debentures will not be considered as eligible for admission to our list of securities traded on the Exchange. 7 In the matter of tenders in respect of the foundation and basement of our new building it was resolved to accept the tender of Rodeo Foundation Engineering Ltd., and Hazarat & Co., Ltd., subject to what is stated in their letters of 11-5- 71 and 16-7-71. 8 Resolved that in order to raise the money required for construction of our new building as per the General Body Resolution dated 31-8-71, drafts of the prospectus, trust deed etc. , should be prepared and other required formalities should be done relating to the 8% Debentures of upto Rs. 2 crores. 9 Resolved that in accordance with the General Body Resolution dated 31-8-71 fixed deposits for one year should be accepted and interest at 8% should be paid thereon and conditions regarding their conversion into proosed debentures etc., should be properly made. 10 Resolved that the debentures that may be used by us as well as the Fixed Deposit receipts of the Association should be accepted as Membership Security deposit. 11 Resolved that 350 Preference share of the Tata Engineering and Locomotive Co. Ltd., from the Associations investments should be sold to Sir Shapurji Broacha Brokers’ Helping Fund at Rs. 106.50p per share. 12 Resolved that a sum of Rs.2,00,000/- from the Sir Shapurji Broacha Frokers Helping Fund should be put as Fixed Deposit in the Association at 8% interest per annum. 13 Resolved that Shri Dhirajlal Maganlal should be appointed as a Trustee of the Staff Provident Fund in the vacancy of the late Shri KRP Shroff. 14 Resolved that a new Current Account No:4 to be opened with the Bank of India in the name of “The Stock Exchange” and be operated on either by the President, Shri Laldas Jamnadas, or the Chairman Shri P. J. Jeejeebhoy, or the Vice-President, Shri Rasiklal Maneklal, or the Hon. Treasurer, Shri Mathradas Samaldas and by any one of the following eight Members of the Governing Board, namely Shri Jayant Amerchand, Shri Shri Gordhandas Bhagvandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B. M. Gandhi and Shri A. R. Mahadevia and be counter signed by the Secretary, Shri A. J. Shah.

15 Resolved that a new Current Account No:5 be opened with the Bank of India in the name of the “the Stock Exchange” and be operated on either by the President. Shri Laldas Jamnadas, or the Chairman, Shri P. J. Jeejeebhoy, or the Vice-president Shri Rasiklal Maneklal or the Hon. Treasurer, Shri Mathradas Samaldas and by any one of the following eight Members of the Governing Board, namely Shri Jayant Amerchand, Shri Shri Gordhandas Bhagvandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B. M. Gandhi and Shri A. R. Mahadevia and be counter signed by the Secretary, Shri A. J. Shah.

16 Resolved that the cheques be signed by the President, Shri Laldas Jamnadas, or the Chairman Shri P. J. Jeejeebhoy, or the Vice-president Shri Rasiklal Maneklal or the Hon. Treasurer, Shri Mathradas Samaldas and by any one of the following eight Members of the Governing Board, namely Shri Jayant Amerchand, Shri Shri Gordhandas Bhagvandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B. M. Gandhi and Shri A. R. Mahadevia and be counter signed by the Secretary, Shri A. J. Shah.

17 Resolved that the Various safe custody accounts of the Exchange with the Bank of India be operated on jointly by the President, Shri Laldas Jamnadas or the Chairman, Shri P. J. Jeejeebhoy, or the Vice-President, Shri Rasiklal Maneklal, or the Hon. Treasure Shri Mathradas Samaldas and by any one of the following eight Members of the Governing Board, namely Shri Jayant Amerchand, Shri Shri Gordhandas Bhagvandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B. M. Gandhi and Shri A. R. Mahadevia and be counter signed by the Secretary, Shri A. J. Shah.

18 Resolved that the Current Accounts and the Safe Custody Accounts with the Bank of India in the names of the Stock Exchange Staff Provident Fund and The Stock Exchange Staff Gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being or the Survivors or Survivor of them or jointly by the Hon. Treasurer, Shri Mathradas Samaldas and any one of the following eight Members of the Governing Board, namely Shri Jayant Amerchand, Shri Shri Gordhandas Bhagvandas, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B. M. Gandhi and Shri A. R. Mahadevia and be counter signed by the Secretary, Shri A. J. Shah.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 2-11-71

The Governing Board passed a resolution under by a circulation dated 7-10-71: “ Resolved that on Monday 18-10-71 our market should be kept open from S.T. 5.30 to 6.30 pm for doing Muhurat transactions fro Kartik Vikram Samvant 2028 instead from S.T. 12 to 2 p.m.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 2-11-71

Tuesday, 2-11-71

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm., under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned members of the Board were present:

Shri Laldas Jamnadas Shri Jivanchand R. Motishaw Shri Phiroze J. Jeejeebhoy Shri A.R. Mahadevia Shri Rasiklal Maneklal Shri Vasantlal Kantilal Shah Shri Jayant Amerchand Shri Babubhai Maganlal Gandhi Shri Jasvantlal Chhotalal Shri Mathradas Samaldas Shri Hiralal Girdharlal Shri Jagdish Jagmohandas Shri Gordhandas Bhagwandas Shri Navinchandra C. Kampani Shri Vasantlal Jivatlal Shri Vasantlal Champaklal

Government Nominees

Shri M.N. Deshmukh Shri S. Rajagopalan

The following business was transacted in the meeting:

1 The President told the Board that Shri S. Rajagopalan, Regional Director, Company Law Board, Western Region has been appointed as a Government nominee on the Governing Board in the place of Shri T.G. Gondhalikar. The President expressed hope that the Board will receive complete support, co-operatin and valuable guidance from him as from his predecessor. Shri S. Rajagopalan gave assurance of giving the Board as much help and co- operation as possible. 2 Resolved that the notice mentioned against the names of the below-mentioned companies regarding cum-right and ex-right transactions in their shares are confirmed: 1 Ferro Alloys Corporation Ltd. Notice No:1646/71 dt. 21-9-71 2 The Jain Shri Ranjitsinghi Spg. and Wvg., Mills Notice No: 1653/71 dt. Co. Ltd. 21-9-71 3 Modi Spg.and Wvg. Mills Co.Ltd. Notice No:1683/71 dt.24- 9-71 4 Arunodaya Mills Ltd. Notice No:1739/71 dt.6- 10-71 5 Belapur Paper and Straw Board Mills Ltd. Notice No:1793/71 dt. 18-1071 6 S.L.M. Maneklal Industries Ltd Notice No: 1837/71 dt. 25-10-71

3 Resolved that the undermentioned notices are confirmed: 1. Notice No:1579/71 dated 13-9-71 regarding settlement of the shares of Swadeshi Polytex Ltd. 2. Notice No: 1605/71 dated 15-9-71 regarding stoppage of transactions in the shares of Modi Spg. and Wvg., Mills Co. Ltd. 3. The Notices No:1641/71 dated 20-9-71, No:1664/71 dated 23-9-71 and No:1690/71 dated 27-9-71 regarding settlement of Hand delivery transactions. 4. Notice No:1729/71 dated 4-10-71 regarding making transactions of the shares of Century Mills Ltd., ex-dividend. 5. Notice No: 1730/71 dated 5-10-71 regarding changes in the Clearing Programme. 6. Notice No:1794/71 dated 18-10-71 regarding programme relating to Buyers’ Ticket. 7. Notice No:1799/71 dated 21-10-71 regarding permission given for dealing in Letters of Renunciation and coupons of the new Preference shares of Ferro Alloys Corporation Ltd. 8. Notice No:1804/71 dated 22-10-71 regarding permission given for dealing in Letters of Renunciation of the new Equity shares of Mody Spg., and Wvg., Mills Co.Ltd. 9. Notice No:1806/71 dated 22-10-71 regarding making delivery of the shares of Amer Dye-Chem Ltd., at ex-dividend price. 10. Notice No: 1820/71 dated 26-10-71 regarding doing transactions of the Cleared and Non-Cleared securities at ex-dividend price.

4 Resolved the the notices mentioned against the securities of the undermentioned companies regarding deliverability of their new shares against old shares are confirmed: 1. Dhrangadhra Chemical Works Ltd. –Notice No:1571/71 dt.8-9-71 2. Indian Explosives Ltd. – Notice No:1576/71 dt.8-9-71 3. Bombay Suburban Electric Supply Co.Ltd. – Notice No:1596/71 dt. 11-9-71 4. Kirloskar Pneumatic Co. Ltd. – Notice No:1656/71 dt. 22-9-71 5. T. Maneklal Mfg., Co.Ltd. – Notice No:1788/71 dt. 18-10-71

5 Resolved that in the undermentioned Arbitration references between Members and Non-members the time for giving the award is extended as mentioned against the respective references: Arbitration Name of the Parties The time for Reference giving the award No: extended upto: 1 41 of 68 M/s Chandulal Chunilal & Co., v/s Madanlal 4-10-71 and Poddar thereafter 4-11- 71 2 4 of 70 M/s Champaklal Jamnadas v/s Nimji 4-10-71 and Alibhoy thereafter 4-11- 71 3 N53 of 63 Kantilal Jivanlal Vakharia v/s Chunilal 10-10-71 and Manilal Gheewala thereafter 10-11- 71 4 8 of 68 Basudev Narayandas /s Ozha 17-10-71 and thereafter 17-11- 71 5 20 of 66 Jountilal Koticha v/s Arvind Nyalchand Shah 17-10-71 and thereafter 17-11- 71 6 24 of 67 Madhusudan Narandas Patel v/s J.R. 18-10-71 and Motishaw & Co. thereafter 18-11- 71 7 25 of 67 M/s Hansa Ramniklal Patel v/s J.R. 18-10-71 and Motishaw & Co. thereafter 18-11- 71 8 32 of 67 Shri Narayan Durgadatt Sanvalka v/s C.R. 18-10-71 and Loyalka thereafter 18-11- 71 9 N61 of 61 Vijaykumar V. Ruia v/s M/s S.R. Dalmia 19-10-71 and thereafter 19-10- 71 10 10 of 67 M/s Champaklal Jamnadas v/s J.N. Baht 20-10-71 and thereafter 20-11- 71 11 1 of 71 Omkarlal R. Bohra v/s C.M. Shah 22-10-71 and thereafter 22-11- 71 12 25 of 70 M/s Puranmal Bansidhar v/s Vishwanath 23-10-71 and Todi thereafter 23-11- 71 13 15 of 69 Girdharlal Amulakh Shah v/s Shantilal 26-11-71 Rajpal Mehta 14 N68 of 63 Kishorilal Thakorsidas Poddar v/s Smt. 27-10-71 and Shantadevi Maneklal thereafter 27-11- 71 15 15 of 70 M/s G.K. Fozdar v/s Shri Keki Gandhi 29-10-71 and thereafter 29-11- 71 16 23 of 67 M/s Hill & Rock v/s J.R. Motishaw & Co. 1-11-71 and thereafter 1-12- 71

6 Resolved that in the Arbitration References between members and non-members mentioned below appointment of arbitrators should be made as under:

Arbitration Name of the Parties Name of the Arbitrators Reference party on name No: whose behalf arbitrator is appointed 1 11 of 71 M/s P.R. Subramanyam & Sons M/s Parko Shri M/s Parko Narayandas Trambaklal Parekh 2 12 of 71 Durgashankar Udayram Shukla Shantilal Shri Jayantilal v/s Shantilal Nagindas Mehta Nagindas Mansukhlal Mehta

7 Resolved that in the Arbitration References between members and non-members appointment arbitrators should be made as under in the vacancies of the arbitrators who have resigned:

Arbitration Name of the Parties Name of Name of Reference Arbitrators Arbitrators who No: who has has been resigned appointed 1 13 of 71 Jamnadas Mulchand Parekh v/s Shri A.G. Shri Vasantlal Bhagwandas Dhanji Fozdar Kantilal Shah 2 25of 70 M/s Puranmal Bansidhar v/s Shri Shri Nagindas Vishwanath Todi C.M.Shah Trambalal Parikh 3 8 of 68 Basudeo Narayandas v/s Shri C.M. Shri Purshottam Bissessarlal Mittal Proprietor of Shah Gopiram Ruiya M/s Mansukhlal Bissessarlal Dayal and Jaigopal Bansilal Ojha 4 N61 of 61 Vijaykumar V. Ruiya v/s M/s Shri C.M. Shri Vasantlal S.R. Dalmia Shah Kantilal Shah

8 Resolved that the undermentioned applications for specific bargains which have been approved should be confirmed:

Name of the applicant Member Date of application Transactions 1. M/s Natverlal & Sons 27-7-71 100 preference shares of 7.85% of Godavri Sugar Mills Ltd. M/s Natverlal & Sons 31-7-71 200- 7.85% preference shares of Godavri Sugar Mills Ltd. 2. M/s Dhirajlal Maganlal 27-7-71 100-7.85% Preference shares of Godavri Sugar Mills Ltd. M/s Dhirajlal Maganlal 31-7-71 200- 7.85% preference shares of Godavri Sugar Mills Ltd. 3. Shri Keki J. Khambatta 2-8-71 2777 ordinary shares of Mercury Paints and Varnishes Ltd. 4. M/s Jamnadas Morarjee & 25-8-71 500 ordinary shares of Co. Palanpur Vegetable Products Ltd. (in liquidation).

9 As cheques are not being cleared because of agitation by Bank staff, it is resolved that if cheques of any bank cannot be cleared because of strike or agitation by its staff their payment for shares delivered cannot be made by cheques of that bank.

Further, as clearing of cheques does not take place on Saturday and clearing of cheques for hand delivery transaction done on a Friday delivery in respect of which takes place on Friday after an interval o 14 days are not cleared till Monday thereafter, it is resolved that members can do special delivery transactions on any Friday on condition that settlement of such a transaction should be done on Monday instead of on Friday after an interval of 14 days and if such Monday does not happen to be a business day, the first business day thereafter. 10 The application dated 1-9-71 of Shri Dharampal Malhotra nominating Shri Bhanu Nanalal Mehta as a member of the Exchange in his own place was considered and after interviewing Shri Bhanu Nanalal Mehta and his recommender Shri Ashok Sundarlal it was resolved by 15 votes in favour and none against to elect Shri Bhanu Nanalal Mehta as a member of the Exchange in the place of Shri Dharampal Malhotra subject to the Rules and Bye-laws of the Exchange on condition that he should not do business in the market in his own name for two years. 11 The application dated 24-9-71 of Shri Chhotalal Pranjivandas nominating Shri Ashok Dhirajlal Dalal as a member of the Exchange in his own place was considered and after interviewing Shri Ashok Dhirajlal Dalal and his recommenders S/Shri Keki J. Khambatta and Jitendra Champaklal it was resolved by 15 votes in favour and none against to elect Shri Ashok Dhirajlal Dalal as a member of the Exchange in the place of Shri Chhotalal Pranjivandas subject to the Rules and Bye-laws of the Exchange on condition that he should not do business in the market in his own name until 19-6-71. 12 The application dated 208-71 of the near relatives of the late Shri Nosher Hirjibhai Karani nominating Shri Hoshang Frambhai Munshi as a member of the Exchange in the place of the late Shri Nosher Hirjibhai Karani was considered and after interviewing Shri Hoshang Frambhai Munshi and his recommenders S/Shri M.N. Gandhi and R.D. Shethna it was resolved by 15 votes in favour and none against to elect Shri Hoshang Frambhai Munshi as a member of the Exchange in the place of late Shri Nosher Hirjibhai Karani subject to the Rules and Bye-laws of the Exchange on condition that he should immediately sever his connections with Thos Sheth Apkar and Co., and should not do business in the market in his own name for two years. 13 The application dated 2-10-71 of The Maharashtra State Anti-tuberculosis Association for help was considered and it was resolved to give assistance of Rs.101/- to it from The Association Fund. 14 The applications of Shri K.J. Joshi and Mahadev Ramchandra for giving them help for medical treatment during their illness were considered and it was resolved that they should be given assistance from Sheth KRP Shroff Stock Exchange Sarvajanik Fund as under: Shri K.J. Joshi -- Rs.767/65 Shri Mahadev Ramchandra – Rs. 232/35 15 The application dated 24-9-71 of Shri Maneksha Dhunjisha Jagirdar asking for assistance towards the expenses incurred by him for medical treatment on account of accident and it was resolved to give him assistance of Rs.200/- from Sheth KRP Shroff Stock Exchange Sarvajanik Fund. 16 The application dated 11-9-71 of our liftman Thekaram Laxman for giving him assistance of Rs. 125/85 towards the medical expenses incurred by him during the illness of his wife was considered and it was resolved that no assistance can be given to him. 17 The application dated 16-10-71 of Shri S.M. Davda of our office to give him assistance of the College fee for the second term of junior B.Com was considered and it was resolved to give him assistance of Rs.177/- from Sheth KRP Shroff Stock Exchange Sarvajanik Fund. 18 The letter dated 2-11-71 of Share Bazar Hatwardhak Kendra was considered and it was resolved to give it a loan of Rs.5000/- 19 The application dated 16-9-71 of S/Shri Shivraj Ramsukh and Bhavarlal Mohanlal for partnership was considered and it was resolved to approve their partnership under the firm name of M/s Shivraj Mohanlal & Co., with effect from 16-9-81. 20 The letter dated 10-8-71 of our Auditor M/s S.B. Bilimoria & Co., was considered and it was resolved that they should be paid audit fees of the undermentioned funds as shown below from the year 1970: The Stock Exchange Foundation Rs. 100/- The Stock Exchange Education and Research Services Rs. 100/- KRP Shroff Stock Exchange Sarvajanik Fund Rs. 100/- Seth Shantilal Jamnadas Smarak Fund Rs. 50/- Distress Relief Fund Rs. 50/- Seth Manilal C. Baxi Prize Fund Rs. 50/- Famine Relief fund Rs. 50/- Charity Fund Rs. 50/- 21 The Association Holidays for the year 1972 were fixed. 22 Shri D.M. Daga was called in respect of the letter dated 23-9-71 of Shri Prabhudas Lilladher. Shri D.M. Daga explained that he will pay Rs.1000/- to Shri Prabhudas Lilladher during the first week of the forthcoming month of December and thereafter will pay the entire claim of Shri Prabhudas Lilladher against him by making payment of 200 every month. 23 The letter dated 23-8-71 of our Architect M/s Shapoorji N. Chandbhoy and Co., was read and it was resolved that the remaining amount of Rs. 43,698/- of the bill of our contractors Shapoorji Palonji and Co. Pvt.Ltd., regarding construction of the temporary building on the Hamam Street should be paid and thereafter should be fully discharged. 24 Resolved that as the undermentioned companies have not still paid the Annual Listing Fee for the year 1971 though frequently demanded, their securities should be struck off the list of securities traded on the Exchange with effect from 3-12-71 if they do not pay up that fee by then: 1 The Minerba Mills Ltd. 9. Laxmiratan Engineering Works Ltd. 2 The Mysore Spg.& Mfg., Co.Ltd. 10. Mohta and Heekel Ltd. 3 The Alcock Anderson and Co.Ltd. 11. Triveni Engineering Works Ltd. 4 Osman Sahi Mills Ltd. 12. Keyteio Chemicals Ltd. 5 Neptune Assurance Co.Ltd. 13. West India Chemicals Ltd. 6 Afsons Industrial Corporation Ltd. 14. Glass Carbyoys and Pressed Wires Ltd. 7 Uttar Pradesh Steels Ltd. 15. Harvey and Sabapatty Ltd. 8 Indoa Swiss Pipe Manufacturers Ltd.

25 The letter dated 1-9-71 of the Bank of Maharashtra Ltd., that they do not wish to continue listing of their shares on the Exchange was read and it was resolved to strike off the shares of that Bank from our list of securities quoted on the Exchange. 26 As Belapur Co.Ltd., has been amalgamated with Gangapur Sugar Mills Ltd., it was unanimously resolved to remove the shares of that company from the list of securities traded on the Exchange. 27 Unanimously resolved that as the undermentioned shares have been redeemed they should be struck off the list of securities traded on the Exchange: 1 Ferro Alloys Corporation Ltd. 6% cum. Redeemable Pref. shares 2 The Amalgamated Electricity Co.Ltd. 10% cum. Redeemable Pref. shares 3 The New India Industries Ltd. 8.5% cum. Redeemable Pref. shares 4 Star Paper Mills Ltd. 61/2% second Redeemable Pref. shares

28 The listing applications of the undermentioned companies were gone through and it was resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements stipulated by us their securities mentioned against their respective names should be admitted to dealings on the Exchange and dealings therein should be made in the trading lots mentioned against their names: Belapur Sugar and Allied Industries Ltd. Equity 5 shares Jagjit Industries Ltd. Equity 100 shares Jagjit Industries Ltd. Preference 5 shares Shreder Seouil Duncan Ltd. Equity 50 shares Mysore Breweries Ltd. Equity 50 shares Mysore Breweries Ltd. Preference 5 shares Universal Steel Alloys Ltd. Equity 50 shares Industrial Finance Corporation of India Ltd. 5 ¾% Bonds 1983 Neveli Ceramics and Industries Ltd. New ‘B’ Pref. 100 shares Shree Divesh Mills Ltd. New equity 5 shares

29. The Listing applications of the undermentioned companies were gone through and it was unanimously resolved to confirm the approvals given for listing of their securities mentioned against their respective names: Jayant Paper Mills Ltd. – Bonus equity Tata Merlyn and Gerin Ltd. – New Equity Chemicals and Fibres of India Ltd. -- New Equity Alembic Chemical Works Ltd. – New equity Rajasthan Spg & Wvg. Mills Ltd.- Bonus equity Straw Products Ltd. – New equity

Sd/- Sd/- A.J.Shah Laldas Jamnadas Secretary President

Dt: 21/12/71

The Governing Board had passed the following resolution by circular dated 19-11-71: “ Resolved that if the companies or organisations who are to supply our requirements of steel required for construction of our new building ask for or stipulate a condition for opening of Letters of Credit in that connection we should open Banks Letters of Credit of the required amounts accordingly.

Sd/- Sd/- A.J.Shah Laldas Jamnadas Secretary President

Dt: 21/12/71

Tuesday, 21-12-71

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm., under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned members of the Board were present:

Shri Laldas Jamnadas Shri Jivanchand R. Motishaw Shri Phiroze J. Jeejeebhoy Shri Vasantlal Kantilal Shah Shri Rasiklal Maneklal Shri Babubhai Maganlal Gandhi Shri Jayant Amerchand Shri Navinchandra C. Kampani Shri Jasvantlal Chhotalal Shri Himatlal V. Gandhi Shri Hiralal Girdharlal Shri Vasantlal Champaklal Shri Gordhandas Bhagwandas Shri Vasantlal Jivatlal

Government Nominees Shri M.N. Deshmukh Shri S. Rajagopalan

The following business was transacted in the meeting:

1 RESOLVED THAT the notice mentioned against the names of the undermentioned companies regarding cum-right and ex-right transactions in their shares are confirmed:

1 Ceat Tyres of India Ltd. Notice No:1646/71 dt. 21-9-71 2 Deepak Insulated Cable Corporation Ltd. Notice No: 1653/71 dt. 21-9-71 3 The Travancore Electro Chemical Industries Ltd. Notice No:1683/71 dt.24- 9-71 4 Zandu Pharmaceuticals Works Ltd. Notice No:1739/71 dt.6- 10-71

2 RESOLVED THAT the undermentioned notices are confirmed: 1. a Notice No:1886/71 dated 8 b Notice No:1897/71 dated 10 c Notice No:1945/71 dated 16 d Notice No:1963/71 dated 18 e Notice No:1984/71 dated 23 f Notice No:2064/71 dated 2-11-71 g Notice No:2065/71 dated 3-12-71 h Notice No:2082/71 dated 6-12-71 i Notice No:2117/71 dated 13-12-71

2. Notice No. 1910/71 dated 10/11/71 and No.1917/71 dated 11/11/71 regarding settlement of the shares of Deepak Nitrite Limited.

3. The Notice No. 1939/71 dated 15/11/71 regarding continuance of cum- dividend transactions in the shares of Hindustan Construction Co. Ltd. And Notice No. 2129/71 dated 15/12/71 regarding making the transactions in those shares ex- dividend.

4. Notice No. 1960/71 dated 18/11/71 about permission given for doing Business in coupons of the Bonus Shares of Adarsh Chemicals and Fertilizers Ltd.

5. Notice No. 1961/71 dated 18/11/71 relating to time for doing Business

6. Notice No. 1985/71 dated 23/11/71 regarding the programme for Buyers Tickets.

7. Notice No. 2050/71 dated 30/11/71 regarding keeping the Market closed on 24/12/71 and Notice No. 2059/71 dated 2/12/71 regarding settlement of transactions settled by Red- Black Forms.

8. Notice No. 2978/71 dated 4/12/71 regarding the time for doing Business.

9. Notice No. 2083/71 dated 6/12/71 regarding the time for doing Business and settlement.

10. Notice No. 2090/71 dated 7/12/71 regarding settlement of transactions in the shares of Polysteel (India) Ltd.

11. Notice No. 2110/71 dated 11/12/71 and no. 2151/71 dated 20/12/71 regarding the shares of South India Shipping Corporation becoming fully paid- up.

12. Notice No. 2112/71 dated 13/12/71 requiring the Members to give only Bank of India cheques to each other in the settlement of shares.

13. Notice No. 2125/71 dated 14/11/71 requiring delivery of shares to be given and taken to the Clearing House.

3 RESOLVED THAT the under- mentioned notices regarding deliverability of new shares against the old shares of the concerned companies are confirmed.

1. Inehela Tyres Ltd. Notice No. 1983/71 dated 22/11/71

2. Andhra Pradesh Paper Mills Ltd. Notice No. 2057/71 dated 1/12/71

3. Madhusudan Ltd. Notice No. 2144/71 dated 17/12/71

4 RESOLVED THAT in the Arbitration References between Members and Non- Members mentioned below the time for giving the Award is extended as stated against each references

Sr. No Arbitration Name of the Parties The date upto which Reference the time for giving No. the Award is extended 1 41 of 68 Chandulal Chunnilal & Co. 4/12/71 Vs. and thereafter Madanlal Poddar 4/1/72 2 4 of 70 Champaklal Jamnadas 4/12/71 Vs. and thereafter Nimji Alibhoy 4/1/72 3 N 53 of 63 Kantilal Jivanlal Vakharia 10/12/71 Vs. and thereafter Chunnilal Manilal Gheewala 10/1/72 4 6 of 71 Nagardas Ramji 13/12/71 Vs. and thereafter Narsimhbhai M. Patel 13/1/72 5 35 of 67 Kantilal Amthalal Shah 13/12/71 Vs. and thereafter Harichand Maheshwari 13/1/72 6 5 of 71 Laxmidas Liladhar Shah 16/12/71 Vs. and thereafter Dalichand B. Shah 16/1/72 7 20 of 66 Joyuntilal Koticha 17/12/71 Vs. and thereafter Arvind Nyalchand Shah 18/1/72 8 24 of 67 Madhusudan Narandas Parekh 19/12/71 Vs. and thereafter M/s. J.R. Motishaw and Co. 18/1/72 9 25 of 67 Smt. Hansa Rasiklal Patel 18/12/71 Vs. and thereafter M/s. J. R. Motishaw and Co. 18/1/72 10 9 of 71 Hari Keshav Karwarkar 18/12/71 Vs. and thereafter Lewis and Jones 18/1/72 11 10 of 69 Mrs. Champaklal Jamnadas 20/12/71 Vs. and thereafter J. N. Baht 20/1/72 12 N 68 of 63 Kishorilal Thakarsidas Podar 27/12/71 Vs. Smt. Shantadevi Maneklal 13 15 of 70 M/s. G.K. Fozdar 29/12/71 Vs. Seth Keki J. Gandhi 14 23 of 67 M/s. Hill and Rock 1/01/72 Vs. M/s. J. R. Motishaw and Co. 15 10 of 71 R.R. Kotwal 11/01/72 Vs. B.M. Choksey and Co.

5 RESOLVED THAT as per the Arbitration References between M/s. Manmohandas Nemidas and Shantilal Salubhai Sanghvi, Shri Shantilal Salubhai Sanghvi has failed to appoint an Arbitrator on his behalf, Shri Nagindas Trambaklal Parekh should be appointed as an Arbitrator. 6 RESOLVED THAT as per the Arbitration reference between M/s. Harish Chandra Gupta and Shri Bishan Chandra Gupta, one of the Arbitrators Shri M. C. Mehta has expired, Shri Jitendra Mashruwala is appointed as an Arbitrator in that vacancy. 7 RESOLVED THAT a sum of Rs.66,000/- should be given to the Stock Exchange Foundation, which had been recognised u/s 35 (1)(2) of the Income Tax Act. 8 Resolved that a sum of Rs.85,000/- should be granted to the Stock Exchange Foundation and a sum of Rs. 5000/- should be granted to Seth KRP Shroff Stock Exchange Sarvajanik Fund from the funds of Stock Exchange Education and Research Services. 9 The additional report dated 17-12-71 of Sir Shapurji Broacha Brokers’ Helping Fund Committee was gone through and it was resolved to approve it. 10 The application dated 15-12-71 of Shri Tukaram Bhikaji of our office staff was considered and it was resolved to give him assistance of Rs.186/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund for the college fee of the study for the first term of Inter Arts of his son Shri Yeshwant Tukaram and assistance of Rs.44/- for the study books from Shri M.C. Mehta Smarak Fund. 11 The application dated 24-11-71 of Shri Pandurang Gopal of our office for giving him assistance towards the expenses incurred by him for medical treatment during his sickness was considered and it was resolved to give him assistance of Rs.200/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 12 Resolved that Bail Mangalagavri Chhaganlal shah should be given assistance of Rs.750/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 13 The application dated 30-10-71 of our watchman Shri S.K. Lal to give him assistance of Rs.500/- for the damage caused to his house and agriculture on account of flood waters was considered and it was resolved that his request cannot be accepted. 14 The applications of our undermentioned office staff were considered and it was resolved to give them loans as under: Shri G.S. Tonpe -- Rs. 2000/- Shri T.G. Babu – Rs.500/- Shri Govind Mikhatale – Rs. 500/-

15 The letters of the undermentioned members were read and it was resolved to confirm the permission given to them to do business as Representative Members as mentioned below: Nominating Member Representative Member M/s Jayantilal N. Patel Sheth Bharatkishore Gupta Shri Nagarmal Saraf M/s Nagardas Nanji Bakhai & Co.

16 The letter dated 26-11-71 of S/Shri Lalitchandra C.D. Nanjee, Jayantilal Ratilal Trivedi, Harshadlal Bhagwandas Parekh and Rashmikant Jayantilal was read and it was noted that Shri Lalitchandra C.D. Nanjee had retired from the partnership firm of M/s Devkaran Nanjee & Co., with effect from 26-11-71. 17 The letter dated 27-11-71 of S/Shri Dhirajlal Maganlal Dalal, Nalinkant Dhirajlal Dalal and Ramesh Amritlal Mehta was read and it was noted that the firm of M/s Dhirajlal Maganlal Purshottamdas was dissolve with effect from 17-12-71. 18 The application dated 26-11-71 of Shri Ashok Dhirajlal Dalal, Ramesh Amrutlal Mehta, Nalinkant Dhirajlal Mehta and Jaysinh Dhirajlal Dalal for partnership and the letter dated 7-11-71 of Shri Dhirajlal Maganlal in that connection were considered and it was resolved that the partnership between S/Shri Ashok Dhirajlal Dalal, Ramesh Amrutlal Mehta and Jaysinh Dhirajlal Dalal should be approved under the firm name of M/s Dhirajlal Maganlal Sons with effect from 20-12-71. 19 The application dated 24-11-71 of Shri Panalal Fulchand Salot nominating Shri Ramanlal Fulchand Salot as a member of the Exchange in his own place was considered and after interviewing Shri Ramanlal Fulchand Salot and his recommenders S/Shri Champaklal jamnadas and Rasiklal S. Jahaveri it was resolved by 13 votes in favour and none against to elect Shri Ramanlal Fulchand Salot as a member of the Exchange in the place of Shri Panalal Fulchand Salot subject to the Rules and Bye-laws of the Exchange on the condition that within one month he should sever his connections with the Ahmedabad Stock Exchange and should separate from the partnership firm of M/s Skylight Engineering. 20 The letter dated 13-12-71 of the Government of India, Ministry of Finance, Stock Exchange division regarding the alterations and additions proposed to be made in the Securities Contracts (Regulations) Rules, 1957 was considered and after discussing and deliberating in that connection it was resolved that we should convey to Government in writing our views as expressed in to-day’s meeting. 21 It was noted that we have made an appeal to the Income Tax tribunal against the decision of the Appellate Assistance Commissioner against us in our appeal against the assessment orders of the Income Tax Officer for the five Assessment years from 1965 -66 to 1969-70.

22 The letter dated 13-12-71 of Bharat Forge Co.Ltd., was considered and it was resolved to change the trading lots of its equity and preference shares and make them of 50 shares each of Rs 10/- paid of shares

23 The Listing application of the under mentioned companies were considered and it was unanimously resolved that be approval accorded for addition of their below mentioned securities to our list of Securities traded on the Exchange should be confirmed

Chemo Dharma Laboratories Ltd. New Equity Shri Dinesh Mills Ltd. New Equity Shri Dinesh Mills Ltd. Bonus New Equity The Ahemedabad Advance Mills Ltd. New Equity Fit and Tight Nuts and Bolts Ltd. Bonus Equity Poysha Industrial Company Ltd. New Equity The Jam Shri Ranjitsinghji Spg. & wng. Bonus Equity Mills Ltd. W. S. Insulators of India Ltd New Equity Morarjee Goculdas Spg. & Wng. Mills Bonus Equity Ltd. Arunodaya Mills Ltd Bonus Equity

24 The application of Amalgamated Electricity Co. Ltd. was considered and it was resolved its 8865, 10% Preference Shares which have not been redeemed should again to be readmitted to our list of securities traded on the Exchange and dealing in those shares should made in lots of 5 shares each.

25 The listing application of the under- mentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliances with the usual requirements and other special requirements stipulated by us the securities mentioned against their names should be admitted to dealing on the Exchange and their transaction should be in the Trading Lots specified against their names:

City and Industrial Development 7.5% Debentures 1986 Corporation of Maharashtra Rs. 1000 The Chemo Pharma Laboratories 9.5% participating Preference Limited Shares- 5 Shares Madhya Pradesh Electricity Board 6% Bonds, 1983 Second Series

26 Unanimously Resolved as the under- mentioned Preference Shares have been redeemed those shares should be struck- off our list of securities traded on the Exchange

Straw Products Limited 9.1% Redeemable Preference Associated Rubber Industries Limited 7% Redeemable Preference

27 Letter dated 10/11/71 of a Alcock Ashdown Company Ltd was considered and it was resolved that their Shares should not be delisted presently but should continue to be listed.

Sd/- Sd/- A.J.Shah Laldas Jamnadas Secretary President

Dt: 18-1-72

Tuesday, 18/01/72

A Meeting of the Governing Board of the Stock Exchange was held today at 3.00 P.M. under the Chairmanship of Seth Laldas Jamnadas wherein the under- mentioned Members of the Board were present:

Shri Laldas Jamnadas Shri J. R. Motishaw Shri Phiroze J. Jeejeebhoy Shri A.R. Mahadeva Shri Rasiklal Maneklal Shri Vasantlal Kantilal Shah Shri Jayant Amerchand Shri B. M. Gandhi Shri Jaswantbhai Chotalal Shri Mathradas Samaldas Shri Gordhandas Bhagwandas Shri Navinchandra Chhanganlal Kampani

Government Nominee Shri M. N. Deshmukh Shri S. Rajgopalan

The following businesses were transacted in the Meeting:

1 RESOLVED THAT the Notices mentioned against the names of the under- mentioned Companies regarding cum- Right and ex- Right transaction o9f their shares should be confirmed.

Hindustan Alluminiun Corporation Notice No. 51/72 dated 11/01/72 Limited National Ryan Corporation Notice No. 84/72 dated 17/01/72

2 RESOLVED THAT the Notices mentioned against the names of the under- mentioned Companies giving permission for doing business and letters of Renunciation and coupons of their new shares are confirmed.

Travancore Electro- Chemicals Notice No. 35/72 dated 6/01/72 Industries Limited CEAT Tyres of India Limited Notice No. 65/72 dated 12/08/72 Zandu Pharmaceuticals Works Limited Notice No. 74/72 dated 23/08/72

3 RESOLVED THAT the under- mentioned Notices should be confirmed (i) The Notice no. 2175/71 dated 23/12/71 regarding settlement of Shares settled by Record book forms 6- A and 7- A. (ii) Notice Number 2185/71 dated 23/12/71 regarding time for doing business in the Market.

4 RESOLVED THAT in the undermentioned Arbitration References between Members and Non- Members the time for making the Award is extended as mentioned against the respective references:

Sr. No Arbitration Name of the Parties The date upto which Reference the time for giving No. the Award is extended 1 27 of 70 Bhagwatiprasad Omkarlal Rungta 25-1-72 v/s M/s Indian Trade and Finance Ltd. 2 7 of 71 Bhagwant Gajanan Purohit v/s 25-1-72 M/s S.R. Ketkar & Sons 3 N68 of 63 Kishorilal Thakarsidas Podar v/s 27-1-72 Smt. Shantadevi Maneklal 4 15 of 76 M/s G.K. Fozdar v/s Keki Gandhi 29-1-72 5 23 of 67 M/s Hill & Top v/s J.R. Motishaw & 1-2-72 Co. 6 41 of 68 Chandulal Chunilal v/s Madnlal 4-2-72 Podar 7 4 of 70 M/s Champaklal Jamnadas v/s 4-2-72 Nimji Alibhoy 8 N53 of 63 Kantilal Jivandas Vakharia v/s 10-2-72 Chunilal Manilal Gheewala 9 6 of 71 Nagardas Ravji v/s Nersinhbhai 17-2-72 M. Patel 10 35 of 67 Kantilal Amthalal Shah v/s 17-2-72 Harikchand Maheshwari 11 20 of 66 Joyuntilal Koticha v/s Arvind 17-2-72 Nyalchand Shah 12 24 of 67 Madhusudan Narandas Patel v/s 18-2-72 J.R. Motishaw & Co. 13 25 of 67 Mrs. Hansa Rasiklal Patel v/s J.R. 18-2-72 Motishaw & Co. 14 9 of 71 Hari Keshav Karmarkar v/s Lewis 18-2-72 & Jones 15 10 of 71 R.R. Kotwal v/s B.M. Choksey & 11-2-72 Co.

5 Resolved that as M/s H.P. Mehta & Co., have failed to appoint anarbitrator on hteir behalf in the Arbitration between M/s Harishchandra & Gutt and themselves, Shri Rasiklal Sarabhai Jhaveri is appointed as an Arbitrator on their behalf.

6 The application dated 5-1-72 of our watchman Shri Jitsinh Padmasinh to give him assistance of Rs. 214/40 towards the expenses incurred by him for medical treatment during his sickness on account of typhoid fever was considered and it was resolved to give him assistance of Rs. 200/-from Seht KRP Shroff Stock Exchange Sarvajanik Fund.

7 The applicaton dated 17-12-71 of our sepoy Balkrishna Yeshwant for a loan of Rs.1500/- for expenses of his sister’s wedding was considered and it was resolved to give him a loan of Rs.1000/-.

8 The application dated 4-1-72 of Shri M.K. Shivraman of our office staff to give him a loan for purchasing a house in a Housing Society was considered and it was resolved to give him a loan of Rs. 2000/-.

9 The application dated 5-11-71 of S/Shri Firoz Dorab Bilimoria, Minoo Ardesir Karanjia, Minoo Navroji Gandhi, rustom Dadabhoy Sethna and hoshang Framroj Munshi for their partnership was considered and it was resolved to approve their partnership in the firm name of M/s Batliwala and Karani with effect from 5-11-71.

10 The letter dated 4-1-72 of Shri Kasturchand Gagaldas Shah was read and it was resolved to record the claim of Rs.13,000/- of Shri Amarchand Lallubhai Kapadia against his membership right. 11 Resolved that as 71/2% convertible bonds of The Standard Mills Co.Ltd., have been converted into shares the above mentioned Bonds should be removed from our list of securities traded on the Exchange. 12 The listing applications of the under mentioned companies were considered and it was unanimously resolved that the permission given for admission of their securities mentioned below against their names should be confirmed:

The New India Fisheries Ltd. New Equity The Standard Mills Ltd New Equity shares issued in conversion 7½% convertible bonds. Balarpur Paper and Straw Board Mills Bonus Equity Ltd Hind Cycles Ltd 6.5% new Preference shares

13 The listing applications of the under mentioned companies were considered and it was unanimously resolved that subject to the listing Rules & Regulations as well as compliance with the usual requirements and other special requirements stipulated by us the securities mentioned against their respective names should be admitted to our list of None-cleared Securities traded on the Exchange and dealings in those securities should be done in the trading lots mentioned there against:

Andhra Steel Corporation Ltd. Equity 50 shares Andhra Steel Corporation Ltd Preference 5 shares Bhopal Toughened Glass Works Equity 50 shares Ltd. Bhopal Toughened Glass Works Preference 5 shares Ltd. Surindra Stain Malt Ltd. Equity 50 shares Surindra Stain Malt Ltd. Preference 5 shares

14 WHEREAS in exercise of the powers conferred by Rule 74(iv) and (vi) of the Stock Exchange Rules, Bye-laws and Regulations 1957 it was resolved at a meeting of the members of the Exchange duly convened and held at Bombay on the 31st day of August, 1971, that for financing the re-building and development project and for furtherance of the other objects and purposes of the Exchange the Governing Board be authorized to borrow and Rules for and one behalf of the Exchange a sum of Rs.2,50,00,000 (Rupees Two crores Fifty lakhs) and for that purpose inter- alia to create and issue from time to time debenture stock providing for the payment of principal sums which together with other sums so borrowed and rest shall not at any time exceed Rs.2,50,00,000 (Rupees Two crores Fifty lakhs) in the Aggregate, such debenture stock to bear such rate of interest and to be in such form and to be without security or to be secured in such manner and to be issued to such persons and on such terms and conditions as the Governing Board thinks fit subject always to be over- riding original and fundamental condition that in all causes and under all circumstance any person claiming payment whether of principal or interest or other- wise however in respect of the monies secured by such debenture stock shall be entitled to claim such payment only out of the funds, properties and other Assets of the Exchange which alone shall be and shall be deemed to be liable to answer and make good all claims and demands whatsoever under and in respect of the Monies secured by such debenture stock and not the personal funds, properties and other assets of all or any one or more of the Trustees of the Exchange or member of the Governing Board or Members of the Exchange, their or his Heirs, Executors, Administrators, Successors and Assigns who shall not and shall not be deemed to in anywise incur any personal liability or render themselves or himselves personally subject or liable to any claims or demands or be charged under and in respect of the monies secured by such debenture stocks, and in event of the funds, properties and other assets of the Exchange being insufficient to satisfy the Claims of all persons claiming payment as aforesaid, the right of any such person shall be limited to and be shall not be entitled to claim anything more than his part or share of such funds, properties and other assets of the Exchange in accordance with the terms and conditions on which the debenture stock has been issued.

AND WHEREAS at the said meeting of the Members of the Exchange it was further resolved that the Governing Board and when so requested by the Governing Board the Stock Exchange Trustees be authorized to join the Governing Board in meeting for and on behalf of the Exchange a Trust Deed or Trust Deeds or any other documents in connection with the issue of such Debenture Stock, such Trust Deed or Trust Deeds or documents to be in such form and to contain such provisions and covenants on behalf of the Exchange as the Governing Board may deem expedient

NOW THEREFORE in exercise of the purposes vested on the Governing Board by Rule 121(ii) of the said rules of the Exchange in and pursuance of the resolution adopted by the Members of the Exchange as aforesaid IT BE AND IS HEREBY RESOLVED THAT Debenture Stock be created and issued for a principal sum of Rs. 2,00,00,000 (Rupees Two Crores) repayable on the 31st day of December, 1986, or at the option of the Governing Board on the 31st Day of December, 14981, or on any day thereafter and bearing interest at the rate of 8 percent per annum (subject to deduction from the amount of such interest of income- tax or any other tax on income payable in respect thereof which is required to be deducted under the provisions of the Income Tax Act, 1961, or any statutory modification or re- enactment thereof or under any other law applicable thereto) payable half- yearly on the 30th Day of June and 31st Day of December in each year, that the terms and conditions of such debenture stock be as set forth in the draft of the debenture stock trust deed (Which shall be, if necessary be modified hereafter) submitted to this meeting and for the purpose of identification signed by the President subject always to the over- riding original and fundamental condition hereinabove recited and that the said debenture stock be secured as to repayment by the Exchange of the principal monies any payment by the Exchange of interest for the time- being payable thereon in the manner appearing in the said draft Trust Deed and by entering into for and on behalf of the Exchange the covenants therein contained.

FURTHER RESOLVED THAT the said Trust Deed when finalized be executed by the Members of the Governing Board acting for and on behalf of the Exchange and its Members as its and their representatives and duly authorized agents in accordance with the Rules of the Exchange so as to bind themselves as such Governing Board and so far as they can their successors in the office of the Members of the Governing Board of the Exchange acting as such but not so as to incur any personal liability or to render themselves personally liable to any claims, demands, or charge.

FURTHER RESOLVED THAT the Trustees of the Exchange be and are hereby requested to execute the said Trust Deed when finalized jointly with the Members of the Governing Board in their capacity of Trustees of the funds and properties of the Exchange and acting for and on behalf of the Exchange as the beneficial owner so as to bind themselves as such Trustees and so far as they can their successors in the office of the Trustees of the Exchange but not so to incur any personal liability or to render themselves personally subject or liable to any claims, demands or charge.

FURTHER RESOLVED THAT the Industrial Investment Trust Limited be appointed as the Debenture Trustees on a remuneration of Rs. 5,000 as Acceptance Fees and Rs. 4,000 per annum as Trustee Fees.

FURTHER RESOLVED THAT the Industrial Investment Trust Limited be appointed as Registrar and Transfer agents for the said debenture Stock on their Usual Term.

FURTHER RESOLVED THAT the Prospectus for the said Debenture Stock be in the following form ( Form attached ) and that it be aligned by the President Shri Laldas Jamnadas and issued on the Vasant Panchmi, namely, the 21st day of January, 1972.

15 RESOLVED THAT the Bank of India be appointed as the Bankers of the Exchange to collect Application Monies in respect of the Debenture Stock of Rs. 2,00,000 (Rupees Two Crores) to be offered for Public Subscription and the Debenture Stock Money Account be opened with the Bank at Bombay and/ or its Branches and that such accounts be operated upon jointly by the President, Shri Laldas Jamnadas, or the Chairmen, Shri P. J. Jeejeebhoy, otherwise President Shri Rasiklal Maneklal, President or the Hon. Treasurer, Shri Mathradas Samaldas, and any one of the following eight Members of the Governing Board, namely, Shri Jayant Amerchand, Shri. Gordhandas Bhagwandas, Shri. Vasantlal Chanpaklal, Shri. Navinchandra Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri. B. M. Gandhi, Shri. A. R. Mahadevia, and be countersigned by the Secretary, Shri. A. J. Shah.

16 Resolved that the Chairman be authorized to make allotment against the applications for our Debenture Stock which may be received and also for transfer of the Debenture Stock.

17 The letter dated 10-1-72 of Otis Elevator Company (India) Ltd., was read and it was resolved that we should buy one left from time as per proposal 2 and to make the necessary arrangements for installation and start it operating and incur the necessary expenses for that.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 14-3-72

The Governing Board had passed the following resolution by a circular dated 19-2- 72: “Resolved that Wednesday 22-3-73 should be fixed as the day for election of the Governing Board for the year 1972-73”.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 14-3-72

Tuesday, 14-3-72

A Meeting of the Governing Board of the Stock Exchange was held to-day at S.T. 3.30 p.m. under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned Members of the Board were present.

Shri Laldas Jamnadas Shri Vasantlal Jivatlal Shri Phiroze J. Jeejebhoy Shri J.R. Motishaw Shri Rasiklal Maniklal Shri Vasantlal Kantilal Shah Shri Jayant Amerchand Shri Babubhai Maganlal Shri Jaswantlal Chhotalal Shri Mathradas Samaldas Shri Hiralal Girdharlal Shri Navinchandra Chhaganlal Kampani Shri Gordhawas Bhagwandas Shri Vasantalal Champaklal

Government Nominee Shri M.N. Deshmukh Shri S. Rajgopalan

The following business was transacted in the meeting

1. RESOLVED THAT the Notices mentioned against the names of the undermentioned Companies regarding cum-right and en-right transactions of their shares are confirmed:

Jijajeerao Cotton Mills Ltd. Notice No. 103/72 dated 20-1-72 Aluminium Corporation of India Ltd. Notice No. 111/72 dated 21-1-72 National Rayon Corporation Ltd. Notice No. 127/72 dated 24-1-72 Standard Mills Co. Ltd. Notice No. 190/72 Dated 2-2-72 Universal Dyestuff Industries Ltd. Notice No. 235/72 Dated 9-2-72 Straw Products Ltd. Notice No. 384/72 Dated 7-3-72 Warmer Hindustan Ltd. Notice No. 392/72 Dated 8-3-72 Pfizer Ltd. Notice No. 423/72 Dated 13-3-72

2. The below mentioned notices regarding settlement of hand delivery transaction were confirmed:

Notice No. 107/72 Dated 20-1- Notice No. 324/72 Dated 25-2-72 72 Notice No. 125/72 Dated 24-1-72 Notice No. 338/72 Dated1-3-72 Notice No. 141/72 Dated 25-1-72 Notice No.154/72 Dated 29-1-72 Notice No. 312/72 Dated 24-2-72 Notice No.383/72 Dated 7-3-72

3. RESOLVED THAT notices mentioned against the names of the below- mentioned Companies regarding deliverability of their new shares against the old shares are confirmed:

Nagpal Ambade Petro Chemical Notice No. 184/72 Dated 1-2-72 Refining Ltd. Excel Industries Ltd. Notice No. 250/72 Dated 14-2-72 Ratnakar Shipping Co. Ltd. Notice No. 307/72 Dated 4-3-72 Siemens India Ltd. Notice No. 399/72 Dated 10-3-72 The Jamshree Ranjitsinghji Spg & Notice No. 214/72 Dated 11-3-72 Wvg. Mills Ltd.

4. RESOLVED THAT the undermentioned notices should be confirmed:

1) Notice No. 196/72 dated 3-2-72 regarding purchase of 225 National Rayon Shares in auction to be bought by tenders. 2) The Notice No. 240/72 dated 11-2-72 regarding continuing cum- dividend transactions and Notice No. 401/72 dated 10-3-72 regarding payment of difference in dividend of those shares. 3) The Notice No. 255/72 dated 15-2-72 regarding transaction of the shares of the Central Bank of India Ltd. 4) Notice No. 364/72 dated 4-3-72 regarding programme of the Buyers Tickets. 5) Notice No. 340/72 dated 8-3-72 forbidding transactions in the shares of Blue Mountain Estates, Ltd Kothari Textiles Ltd. and Adone Spg and Wing Co. Ltd. 6) The Notice No. 394/72 dated 10-3-72 about giving permission for doing business in the coupons of Bonus Shares of National Rayon Corporation Ltd. 7) Notice No. 401/72 dated 10-3-72 regarding payment of difference of dividend on the shares of the Bombay Dyeing and Mfg.Co. Ltd. 8) Notice No:408/72 dated 11-3-72 regarding keeping the market open for dong business on 16-3-72 as it is the day for introduction of Budget of the Central Government.

5 Resolved that in the undermentioned Arbitration references between Members and Non-members the time for giving the award is extended as mentioned against the respective references: Arbitration Name of the Parties The time for Reference giving the award No: extended upto: 1 10 of 69 M/s Champaklal Jamnadas v/s J.N. Bahl 20-2-72 and thereafter 20-3- 72 2 27 of 70 Bhagwatiprasad Omkarval Rungta v/s 25-2-72 and M/s India Trades and Finance Pvt.Ltd. thereafter 25-3- 72 3 7 of 71 Bhagwat Gajanan Purohit v/s M/s S.R. 25-2-72 and Ketkar and Sons thereafter 25-3- 72 4 15 of 69 Girdharlal Amulakh Shah v/s Shantilal 26-11-71 Rajpal Mehta thereafter 26- 12-71 and thereafter 26-1- 72 and thereafter 26-2- 72 and thereafter 26-3- 72 5 N68 of 63 Kishorilal Thakarsidas Poddar v/s Smt. 27-2-72 and Shantadevi Maneklal thereafter 27-3- 72 6 15 of 70 M/s G.K.Fozdar v/s Seth Keki Gandhi 26-2-72 and thereafter 26-3- 72 7 23 of 67 M/s Hill and Rift v/s J.R. Motishaw & 1-3-72 and Co. thereafter 1-4- 72. 8 41 of 68 M/s Chandulal Chunilal & Co v/s 4-3-72 and Madanlal Podar thereafter 4-4- 72 9 4 of 70 M/s Champaklal Jamnadas v/s Nimjee 4-3-72 and Alibhoy thereafter 4-4- 72 10 12 of 71 Durgasankar Udayram Shukla v/s 7-4-72 Shantilal Nagindas Mehta 11 N61 of 61 Vijaykumar Vishwmbharlal Ruiya v/s 7-4-72 S.R. Dalmia 12 25 of 70 M/s Puranmal Bansidhar v/s Vishwanath 7-4-72 Todi 13 8 of 68 Smt. Shantadevi Basudeo 7-4-72 Shri Parmeshwar Basudev M/s Sumanlata Basudev (minor) (Legal heirs and successors of the lat Shri Basudev Narayadas v/s Bisesar Dayal Mittal, Proprietor of M/s Mukatlal Bissessarlal Dayal and Jaigopal Bansilal Ojha 14 N53 of 63 Kantialal Jivanlal Vakharia v/s Chunilal 10-3-72 Manilal Gheewala thereafter 10-4- 72 15 6 of 71 Nagardas Ravji v/s Narsinbhai M. Patel 13-3-72 16 35 of 67 Kantilal Amthalal Shah v/s Harichand 13-4-72 Maheshwari 17 20 of 66 Joyuntilal Koticha v/s Arvind Nyalchand 18-2-72 Shah 18 24 of 67 Madhusudan Narandas Polet v/s J.R. 18-3-72 Motishaw & Co. 19 25 of 67 M/s Hansa Rasiklal Palet v/s J.R. 18-3-72 Motishaw & Co. 20 9 of 71 Harikishan Karamkar v/s Lewis Jones 18-3-72 21 10 of 71 R.R. Kotwal v/s M/s B.M. Choksey & Co. 11-3-72 and thereafter 11-4- 72

6 The application dated 31-3-72 of the All India Federation of the Deaf for assistance was considered and it was resolved to give it assistance of Rs.101/- from the Association Fund. 7 The application dated 1-12-71 of Dr. C.D. Deshmukh Felicitation Committee was considered and it was resolved to give it Rs. 1001/- as a contribution by the Stock Exchange Education and Research Services. 8 The application dated 28-1-72 of our sweeper Harcharan J. Balmiki for giving him assistance for the experiences for medical treatment incurred by him during his sickness was considered and it was resolved to give him assistance of Rs.600/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 9 The letter dated 8-2-72 of Shri V.G. Hatalkar asking for assistance for the project of Dictionary of National Biography was considered and it was resolved that we cannot give any assistance for that. 10 The application of the undermentioned persons of our office staff for giving them loans were read and it was resolved to give each of them a loan of the amount shown against their respective names:

Shri P.P. Dave -- Rs. 3000/- Shri Laxman Tukaram –Rs. 1000/- Shri Madhukar Bhima -- Rs.700/- Watchman S.K. Lal – Rs. 500/- Sweeper Bhagwan Tiloo -- Rs.600/- 11 The letter dated 14-2-72 of Shri Jeramdas Dulomal Jasnani asking for permission to do business in the market in his own name was considered and it was resolved that his request cannot be acceded to. 12 The correspondence with Dwarkadas Nanjee Depositors’ Association and the letter dated 21-2-72 of M/s Devkaran Nanjee & Sons were read and it was resolved to write to the Devkaran Nanjee Depositors’ Associaton that since the situation has been as stated in our letter of 12-2-72 and as there does not appear to be violation of any kind of our Rules, Bye-laws and Regulations we cannot do anything in the matter. 13 The application dated 21-2-72 of Shri Katurchand Gagaldas Shah nominating Shri Harkishandas Chaitraishy Kamdar as a member of the Exchange in his own place was considered and after interviewing Shri Harkishandas Chaitraishy Kamdar and his recommenders S/Shri Navnitlal M. Bhagat and Kantilal Mohanlal it was resolved by 12 votes in favour and one against to elect Shri Harkishandas Chaitraishy Kamdar as a member of the Exchange in the place of Shri Katurchand Gagaldas Shah subject to the Rules and Bye-laws of the Exchange. 14 The additional report dated 6-3-72 of Sir Shapurji Broacha Brokers’ Helping Fund Committee was read and it was resolved to approve it. 15 The letter dated 13-12-71 and 22-2-72 of our Architects Shapoorji Chandabhoy & Co., were read and it was resolved that the property at 24-26, Dalal Street stated therein belonging to Shri J.H.Cama and othersin the condition as it is and with the existing tenants and occupants should be purchased at a price upto Rs.5,00,000/- subject to the General Body’s approval. 16 Unanimously resolved that as Alcock Ashdown & Co., has been taken into voluntary liquidation and as Central Bank of India Ltd., has been amalgamated with Tata Locomotive Co.Ltd., the shares of Alcock Ashdown & Co.,and the Central Bank of India Ltd., should be struck off our list of securities traded on the Exchange. 17 Unanimously resolved that as the undermentioned companies are being amalgamated with Kothari (Madras) Limited their shares should be struck off our list of securities traded on the Exchange: 1. Blue Mountain Estates and Industries Ltd. 2. Waterfall Estate Ltd. 3. Kothari Textiles Ltd. 4. Adoni Spg. and Wvg., Co.Ltd. 18 Unanimously resolved that as the undermentioned securities are being redeemed they should be struck off our list of securities traded on the Exchange: The Gwalior Rayon Silk Mfg., (Wvg.) Co.Ltd. – Preference Shares ‘B’ series. The Gokak Mills Ltd. --- 6% Debenture Loan 1962-72 73/4% Debenture Loan 1967-72 19 The applications of the undermentioned companies were considered and it was unanimously resolved to confirm te approval given for admission of their securities mentioned against their respective names to our list of securities traded on the Exchange: Hind Cycles Ltd 9.5% Preference Shares Bombay Swadeshi Shares Ltd. New Equity Deepak Insulated Cable Corporation Ltd. Bonus Equity Graphite India Ltd. New Equity

20 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us their securities mentioned against their respective names should be admitted to our list of Non-cleared securities and dealings in those securities should be made in the trading lots mentioned against the respective securities:

Shree Bhawani Cotton Mills Ltd. Equity 100 shares Shree Bhawani Cotton Mills Ltd. 8% 5 shares Preference Shree Bhawani Cotton Mills Ltd. 9.5% 5 shares Preference Keshav Vanaspati Ltd. Equity 50 shares Keshav Vanaspati Ltd. Preference 5 shares Southern Petrochemical Industries Ltd. Equity 50 shares Southern Petrochemical Industries Ltd. Preference 5 shares Skal Breweries Ltd. Equity 50 shares Skal Breweries Ltd. Preference 5 shares Orient Breweries Ltd. Equity 50 shares Orient Breweries Ltd. Preference 5 shares Bajaj Plastics Ltd. Equity 50 shares Somani Steel Ltd. Equity 50 shares Maharashtra State Electricity Board 4¼% 1975 Debentures Maharashtra State Electricity Board 5% 1976 Debentures Maharashtra State Electricity Board 53/4% 1977 Debentures Maharashtra State Electricity Board 53/4% 1978 Debentures Maharashtra State Electricity Board 53/4% 1979 Debentures Maharashtra State Electricity Board 6% Bonds 1980 Maharashtra State Electricity Board 6% Bonds 1980 (II)Series Maharashtra State Electricity Board 6% Bonds 1981 Maharashtra State Electricity Board 6% Bonds 1981 (II) Series Maharashtra State Electricity Board 6% Bonds 1981 (III) Series

21 The application dated 3-3-72 of our pensioner Shri Maganlal Jivanbhai Desai requesting for increasing the amount of his pension was considered and it was resolved that those who have retired from their employment with our Association are being given pension should be given an increase of 20% in the pensions they are being given now. 22 Resolved that the clerical staff of our office should be given dearness allowance as under with effect from 1-1-72: Accountant, Grade A, Grade B --- Rs.285/- per month Grade C ---- Rs.240/- per month Subordinate Staff – Rs.160/- per month

Further resolved that with effect from 1-1-72 every junior officer should be given one term increment and Shri S.N. Karaka and Shri Nariman N. Dubash should be placed in the grade of 300-25-400-35-750 and given Rs.680/- per month. Further resolved that the grades of the subordinate staff should be revised as under: Sepoy doing senior clerical work - 50-3-80-4-120-5-175 Sepoy, liftman, watchman – 34-2-60-3-84-4-100-5-150 Bhatt, hamal, Sweeper – 30-2-70-3-85-4-125

23. The President thanked the members of the Board and Government nominees for the co-operation and support given by them during the year. He mentioned that Shri M.N. Deshmukh has got promotion in the Income-Tax Department and is to revert to the Income-Tax department in a very short time and wished him success in his new job. Shri Deshmukh had always been sympathetic in the problems relating to the Stock Exchange and given co-operation to the Board. The President praised his services and added that his expense and knowledge had been very useful.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 18-4-72 Tuesday, 18-4-72

A Meeting of the Governing Board of the Stock Exchange was held to-day at S.T. 3.00 p.m. under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned Members of the Board were present.

Shri Laldas Jamnadas Shri Vasantlal Jivatlal Shri Phiroze J. Jeejebhoy Shri J.R. Motishaw Shri Jayant Amerchand Shri Vasantlal Kantilal Shah Shri Rasiklal Maneklal Shri B.M. Gandhi Shri Jaswantlal Chhotalal Shri Mathradas Samaldas Shri Gordhandas Bhagwandas Shri Bissesarlal N. Khandelwal Shri Ashok G. Fozdar

Government Nominee Shri M.N. Deshmukh Shri S. Rajgopalan

The following business was transacted in the meeting:

1. In the beginning of today’s meeting Shri Gordhandas Bhagwandas acted as the Chairman proposed by him and supported by Shri J.R. Motishaw it was unanimously resolved to elect Shri Laldas Jamnadas as the President. Shri Laldas Jamnadas thanked the members of the Board for reposing their trust in him and elect him again as the President and presided as Chairman of the Meeting from that point of time. He expressed his gratitude for the support and co- operation given by the members of the Board and Government nominees during the last year and hoped that they will continue to support and co-operation similarly this year also. He congratulated Shri Bissesarlal N. Khandelwal and Shri Ashokkumar G. Fozdar for being elected to the Board and welcomed them. The President also praised the support and co-operations given by Shri Rasiklal Maneklal as Vice-President during the last year and expressed the hope that he will continue to be the Vice-President and continue to give his valuable co- operation this year also. Shri Rasiklal Maneklal thanked the President and members of the Governing Board for their kind sentiments expressed by them for him but requested the Board to release him from his responsibility as he did not desired to continue as Vice- President for personal reasons. 2. Proposed by Shri Rasiklal Maneklal and supported by Shri Gordhandas Bhagwandas it was unanimously resolved to elect Shri Jayant Amerchand as Vice- President. The President welcomed Shri JAyant Amerchand as the Vice-President and Shri Jayant Amerchand thanked the members of the Governing Board for their kind feelings towards him and elected as Vice-President. 3. Proposed by Shri Gordhandas Bhagwadas and supported by Shri Jayant Amerchand it was resolved unanimously to elect Shri Mathradas Samaldas as Hon. Treasurer. 4. Resolved that Sir Shapurji Broacha Brokers’ Helping Fund Committee should be appointed consisting of Shri J.R. Motishaw, Shri Jayant Amerchand, Shri Gordhandas Bhagwandas and Shri Dhirajlal Maganlal. 5. Resolved that the undermentioned members are appointed as members of the Arbitration Committee: 1 Shri Keki N. Chinoy 8. Shri Nagindas Trambaklal Parekh 2 Shri Chhotalal Devchand 9. Shri V.K. Nanavati 3 Shri Jayantilal Mansukhlal Dalal 10. Shri Jayendra D. Mehta 4 Shri Champaklal Balubhai 11. Shri H.N. Sonawala Marfatia 5 Shri M.L. Kaji 12. Shri D.V. Shukla 6 Shri L.N. Kapadia 13. Shri Hariram Dwarkadas 7 Shri S.M. Shah 14. Shri Bhagubhai Amthalal Ghandhi

Further resolved that for filling up the remaining two members, a notice should be issued calling for the names of the members who desires to work as members of the Arbitration Committee and appointment should be made from them.

6. Resolved that the Defaulters Committee for the year 1972-73 should be appointed consisting of the undermentioned members: 1 Shri J.R. Motishaw 4 Shri Keki N. Chinoy 2 Shri Jayant Amerchand 5. Shri Jayantilal Mansukhlal Dalal 3 Shri Vasantlal Champaklal 6. Shri Rasiklal S. Jhaveri

7. Resolved that a Building Sub-Committee should be appointed consisting of S/Shri Laldas Jamnadas, Gordhandas Bhagwandas, Mathradas Samaldas, Jayant Amerchand, Vasantlal Kantilal Shah and Jasvantlal Chhotalal. 8. Resolved that the cheques be signed by the President, Shri Laldas Kamnadas or the Chairman Shri P. J. Jeejeebhoy, or the Vice-President Shri Jayant Amerchand or the Hon. Treasurer, Shri Mathradas Samaldas, and by any one of the following eight members of the Governing Board, namely, Shri Girdharlal Bhagwandas, Shri Rasiklal Maneklal, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B. M. Gandhi and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah. 9. Resolved that the Current Accounts and the Safe Custody Accounts with Bank of India, in the name of the Stock Exchange Staff Provident Fund and the Stock Exchange Staff Gratuity Fund be operated on after by any two of the Trustees of the Exchange for the time being or the Survivors or Survivor of them or jointly by the Hon. Treasurer, Shri Mathradas Samaldas, and any one of the following eight members of the Governing Board, namely, Shri Gordhandas Bahgwandas, Shri Rasiklal Maneklal, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B. M. Gandhi and Shri A. R. mahadevia and be countersigned by the Secretary, Shri A. J. Shah. 10. Resolved that the various Safe Custody Accounts of the Exchange with Bank of India, be operated on jointly by the President, Shri Laldas Jamnadas, or the Chirman Shri. P. J. Jeejeebhoy or the Vice-President, Shri Jayant Amerchand, or the Hon Treasurer, Shri Shri Mathradas Samaldas, and by any one of the following eight members of the Governing Board namely Shri Girdhrlal Bhagwandas, Shri Rasiklal Maneklal, Shri Vasantlal Champaklal, Shri Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Shri Vasantlal Kantilal Shah, Shri Shri B. M. Gandhi and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah. 11. RESOLVED THAT the undermentioned notices should be confirmed:

1) Notice No. 440 dated 15-3-72, No:479/72 dated 23-3-72 and No: 585/72 dated 11-4-72 regarding Buyers ticket. 2) The Notice No. 460/72 dated 18-3-72 and No:475/72 dated 22-3-72 regarding settlement. 3) The Notice No. 469/72 dated 21-3-72 regarding the shares of Shivrajpur Syndicate Ltd. 4) Notice No. 482/72 dated 23-3-72 regarding keeping our market closed on 27-3-72 as it is the Association Holiday of Mahavir Jayanti. 5) Notice No. 505/72 dated 27-3-72 regarding permission given for doing business in Letters of Renunciation and coupons of new shares of Universal Dyestuff Industries Ltd. 6) The Notice No. 483/72 dated 23-3-72 forbidding transactions in the shares of Rajasthan Spg. & Wvg., Mills Ltd., and Notice No: 552/72 dated 5-4-72 permitting resumption of dealings in those shares. 7) Notice No. 548/72 dated 4-4-72 regarding cum-right and ex-right transactions in the shares of Supreme Industries Ltd. 8) Notice No:529/29 dated 1-4-72 regarding continuance of the cum dividend transactions in the shares of Belapur Sugar and Allied Industries Ltd., and Notice No: 584/72 dated 11-4-72 regarding making the transactions ex- dividend in those shares. 9) The Notice No: 551/72 dated 5-4-72 regarding continuance of the cum- dividend transactions in the shares of Warner Hindustan Ltd., and Notice No:583/72 dated 11-4-72 for making the transaction ex-dividend in those shares. 12. Resolved that the notices mentioned against the names of the undermentined companies regarding their new shares being deliverable against their old shares are confirmed: 1. Tung Prabha Industries Ltd. – Notice No: 421/72 dt. 13-3-72 2. Fit Tight Nuts & Bolts Ltd – Notice No:453/72 dt. 18-3-72 3. The Surat Electricity Co.Ltd. – Notice No:462/72 dt. 20-3-72 4. The Standard Mills Co.Ltd. – Notice No: 605/72 dt. 14-4-72

13. Resolved that a notice should be issued as under: “ All the members of the Exchange are hereby informed that as clearing cheques take place on Saturday and Clearing of cheques relating to Hand delivery transactions done on any Saturday in respect of takes place on Saturday after an interval of 14 days are not cleared till Monday thereafter, Governing Board has resolved that members can do special delivery transactions on any Saturday on condition that settlement of such a transaction should be done on Monday instead of on Saturday after an interval of 14 days from the Saturday on which the transaction is entered into and if being Monday does not happen to be a business day, the first business day thereafter.” 14. Resolved that in the undermentioned Arbitration references between Members and Non-members the time for giving the award is extended as mentioned against the respective references: Arbitration Name of the Parties The time for Reference giving the No: award extended upto: 1 9 of 71 Hari Keshav Karmarkar v/s Lewis & Jones 18-4-72 and thereafter 18- 5-72 2 13 of 71 Jamnadas Mulchand Parikh v/s Shri 17-4-72 and Bhagwandas Dhanji thereafter 17- 5-72 3 20 of 66 Joyuntilal Koticha v/s Arvind Nyalchand 17-4-72 and Shah thereafter 17- 5-72 4 24 of 67 Madhusudan Narandas Patel v/s M/s J.R. 18-4-72 and Motishaw & Co. thereafter 18- 5-72 5 25 of 67 Mrs. Hansa Rasiklal Patel v/s M/s J.R. 18-4-72 and Motishaw & Co. thereafter 18- 5-72 6 10 of 69 M/s Champaklal Jamnadas v/s J.N. Baht 20-4-72 7 18 of 71 Advance Insurance Co. Ltd. v/s M/s B.M. 28-4-72 Choksey & Co. 8 27 of 70 Bhagwatiprasad Omkarmal Rungta v/s M/s 25-4-72 Indian Trades and Finance (Pvt.) Ltd. 9 7 of 71 Bhagwant Gijanan Purohit v/s M/s S.R. 25-4-72 Ketkar & Sons 10 15 of 61 Girdharlal Amulakh Shah v/s Shantilal 26-4-72 Rajgopal Mehta 11 N68 of 63 Kishorilal Thakassidas Poddar v/s Smt. 27-4-72 Shantadevi Maneklal 12 15 of 70 M/s G.K. Fozdar v/s Seth Keki Gandhi 29-4-72 13 23 of 67 M/s Hill and Rock v/s J.R.Motishaw & Co. 1-5-72 14 12 of 71 Durgashankar Udayram Shukla v/s Shantilal 7-5-72 Nagindas Mehta 15 41 of 68 Chandulal Chunilal & Co. v/s Madanlal Podar 4-5-72 16 8 of 68 1) Shantadevi Basudev 4-5-72 2) Parmeshwar Basudev 3) Sumanlata Basudev 4) Kusumlata Basudev (Mother)

Heirs legal representative of the Basudev Narayandas Vs 1) Bisesar Dayal Mittal Proprietor of M/s. Mukutlal Bisesar Dayal 2) Jaygopal Bansilal Ojha

17 61 of 61 Vijaykumar Vishwambharlal Ruiya Vs M/s. 7-5-72 S. R. Dalmia

18 25 of 70 M/s. Puranmal Bausidhar Vs Vishwanath 7-5-72 Todi 19 10 of 71 A. R. Kotwal Vs B. M. Chokcey & Co. 11-5-72 20 53 of 63 Kantilal Jivanlal Vakharia Vs Chimanlal 10-5-72 Manilal Gandhi 21 35 of 67 Kantilal Amthalal Shah Vs Hareshchand 13-5-72 Maheshvari

15. Resolved that in the under mentioned Arbitration References between members and non-members appointment of Arbitrators should be made as under:

Srn Ref. No. Name of the Parties Name of the Party on Name of the No. where behalf Arbitrtor Arbitrator is appointed 1 20 of M/s. C. m. Shah A. A. Marchant Nagindas 71 Vs. Trambaklal A. A. Merchant Parekh 2 21 of M/s. C. M. Shah Rajnikant Vrijlal Jayntilal 71 Vs Manekhlal Dalal Rajnikant Vrijlal 3 22 of M/s. C. M. Shah Purshottamdas B. Rasiklal Sorabji 71 Vs Shah Jhaveri Purshottamdas B. Shah

16 In the Arbitration reference between M/s. P. R. Subramaniyan and Son’s and M/s. Parko, the application of M/s. Parko dated 15-3-71 asking for extension of time for making an appointment of an Arbitration on their behalf was considered and it was resolved to give an extension of time for that pupose upto 30-4-72. 17 The application dated 17-4-72 of M/s. Nagardas Mohanlal for giving their authorized clerk’s badge to Shri Ambalal Nagardas and the letter dated 17-4-72 of Shri Ambalal Nagardas were read and it was resolve that as Shri Ambalal Narsidas is a member of the East India Cotton Association. We can not give an authorized Clark’s Badge to him 18 The application of our undermentioned office staff for giving them loans were considered and it was resolved to give a loan as mentioned against their respective names:

Shri ABS Nair Rs750 Leftman Tukaram Laxman Rs. 1500 Liftman S V Jadhav Rs. 900 Sepoy B.S.Shinde Rs.500 Hamal Dhondu Sakpal Rs. 800 Sweeper Mohan Dev Solanki Rs. 800

19 After reading the lette dated 28-3-72 of Shri Shivdas Thakarsi and letter dated 30- 3-72 of Shri Sunderlal Kaluyanji it was resolved that the claim of Rs. Rs. 15,000/- of Shri Sunderlal Kalyanji against Shri Shivdas thakkarsi should be noted after the Association. Further, it was resolved that Shri Shivdas Thakrsi should not do any business in the market in his own name and members also should not do any business for or on behalf of Shri Shivdas Thakarsi without the permission of the Board and if any member does any business for or on behalf of the Shri Shivdas Thakarsi without the permission of the Board, that member shall not have any claim against the membership right of Shri Shivdev Thakarsi 20 The letter dated 22-3-72 of the S/Shri Jivatlal Partapsi Vasantlal Jivatlal, Chandrakant jivatlal and Praful Kantilal was read it was noted that Shri Praful Kantilal Dalal has separated from the partnership firm of M/s. Kantilal Partapsi with effect from 20-10-71. 21 The application for the undermentioned partnership were considered and were approved

Name of the Partnership Name of the Partners Date of Partnership Firm M/s. Sumatilal Jamnalal Shri Jamnalal Manruplal 16-3-72 Shri Sumatilal Jamnalal Shri Niranjan Jamnalal M/s. Hiralal Thakardas Shri Kanchanlal Hiralal 1-4-72 Nanavati Shri Pravin Hiralal Nananvati Shri Niranjan Jamnalal Nanavati

22 The letter dated 10-4-72 of Share Bazar Staff Union with considered and it was resolved to while to them if they want to put up any notice consorting their members they may kept a notice Board and Stick the notice thereon in the office of their union, as the Hitvardhak Kendra and others have been to do. 23 The letter dated 15-3-72 of the Ahemedabad Jupiter Spg. Wvg and Mfg. Co. Ltd. Informing that they not with to continue their shares in our list of Securities traded on the Exchange was read and it was unanimously resolved that their shares should be struck off our list of securities traded on the Exchange. 24 Unanimously resolved that as Shivrajpur syndicate has been taken into voluntary liquidation its shares should be struck off our list of Securities traded on the Exchange. 25 After going through the correspondence with Hindushtan kokota wire Ltd. It was unanimously resolved that as the Company does not give relies to our letters and the information called for from it, the shares of that company should be struck off our list of Securities traded on the Exchange by giving one moth’s notice. 26 The listing applications of the under mentioned compliances were read and it was unanimously resolved that the approvals given for listing of their securities mentioned against their respective names are confirmed:

Permanent Magnets Ltd. New Equity Kohinoor Mills Ltd. New Equity Shares allotted to shareholders of Navjivan Mills Ltd. 27 The listing applications of the under mentioned companies were considered and it was unanimously resolved that subject to the listing rules and regulations as well as compliance with usual requirements and other special requirements stipulated by us their securities mentioned against their respective names should be admitted to our list of non clear securities and dealings in those securities should be done in the trading lots mentioned against the respective securities:

The Indo Burma Equity 100 Shares Petroleum Co. Ltd. The Indo Burma Preference 5 Shares Petroleum Co. Ltd. Duetron Castings Ltd. Equity 50 Shares Duetron Castings Ltd. Preference 5 Shares Kulkarni Foundries Ltd. Equity 50 Shares Kulkarni Foundries Ltd. Preference 5 Shares 28 The Appeal of Messer’s Jamnadas Virji & Sons against the decisions of the Full Bench of the Arbitration Committee in their dispute with Messer’s Narandas & Sons was heard after having judged the pleadings of both the parties it was resolved to uphold the decision of the Full Bench of the Arbitration Committee. 29 The Appeal of Messer’s R.R Nabar & Co. against the decision of the Full Bench of the Arbitration Committee in their dispute with Messer’s Jadavji Virji Desai was taken up for consideration after hearing both the parties, the matter was postponed for further consideration.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 09-05-72 Tuesday, 09.05.1972

A meeting of the Governing Board of the Stock Exchange was held today at ST 3.00 pm under the Chairmanship of Seth Laldas Jamnadas wherein the under mentioned members of the Board were present:

Shri Laldas Jamnadas Shri Vasantlal Jivatlal Shri Phiroze J. Jeejeebhoy Shri J. R .Motishaw Shri Jayant Amerchand Shri Vasantlal Kantilal Shah Shri Rasiklal Maneklal Shri Babubhai Maganlal Gandhi Shri Gordhardas bhagwandas Shri Mathradas Samaldas Shri Jasvantlal Chhotalal Shri Navinchandra Chhaganlal Kampani Shri Hiralal Girdharlal Shri Bisesarlal Khandelwal Shri Ashok Girdharlal Fozdar

Government Nomineess Shri M. N. Deshmukh Shri S. Rajgopalan

The following business was transacted in the meeting.

1. Resolved that the notices mentioned against the names of the below mentioned companies regarding Cum-right and Ex-right transactions in their shares are confirmed Western India Plywood’s Ltd. Notice no. 667/72 dated 24-4-72 Antifriction Bearings Corporations Ltd. Notice No. 683/72 dated 25-4-72 Bhartia Electric Steel Company Ltd. Notice No. 689/72 dated 25-4-72 Kothari Sugars and Chemicals Ltd. Notice no. 756/72 dated 5-5-72

2. Resolved that the under mentioned notices are confirmed: 1. The Notice No. 625/72 dated 18-4-72 calling for the lists of transactions in the shares of Shri DINESH MILLS LTD. And Notice no. 645/72 dated 20-4-72 regarding calling for tenders for the shares of that Company which are to be brought by auction. 2. Notice no. 640/72 dated 21-4-72 and No. 659/72 dated regarding settlements of transactions 3. Notice no. 712/72 dated 29-4-72 regarding buyers tickets. 4. Notice No. 660/72 dated 21-4-72 forbidding transactions in the shares of Bank of India Ltd. As that Bank has been amalgamation with the Ahmedabad Mfg. and Calico Printing Co. Ltd. 3. Resolved that the notices mentioned against the below mentioned companies regarding permission of delivery of their new shares against their old shares were confirmed: Ahmedabad Advance Mills Ltd. Notice No. 646/72 dated 20-4-72 Investment Corporation of India Ltd. Notice No. 666/72 dated 22-4-72 Chemo Pharma Laboratories Ltd. Notice No. 729/72 dated 3-15-72

4. Resolved that in the below mentioned Arbitration matters between members and non members the time for giving the award is extended as mentioned against the respective Arbitration matters Ref. No. Name of the Parties Time date upto when the line award is Extend 1 10 of 69 M/s. Champaklal Jamnadas 21-5-72 Vs J. N. Dohi 2 7 of 71 Bhagwant Gajanan Purohit 25-5-72 Vs M/s. S. R. Ketkar & Sons 3. 18 of 71 The Advance Insurance Co. Ltd. 28-5-72 Vs M/s. B. M. Choksey & Co. 4. 27 of 70 Bhagwatiprasad Omakrind Rungta 25-5-72 Vs M/s. Indian Trader and Finance Pvt. Ltd. 5. 15 of 69 Girdharlal Amulakh Shah 26-5-72 Vs Shantilal Rajpal Mehta 6. 68 of 63 Kishorlal Thakarsidas Podar 27-5-72 Vs Smt. Shantaben Maneklal 7. 24 of 64 M/s. Harishchnadra Gutt & Co. 4-5-72 Vs Bhishanchandra Gupta 8. 15 of 70 M/s. G. K. Fozdar 29-5-72 Vs Seth Keki Gandhi 9. 23 of 67 M/s. Hill & Rock 1-6-72 Vs M/s. J. R. Motishaw & Co 10 44 of 60 Chandulal Chimanlal & Co. 4-6-72 Vs Madanlal Podar 11. 17 of 71 M/s. Manmohandas Nemidas 5-6-72 Vs Shantilal Salubhai Sanghvi 12. 12 of 71 Durgashankar Udayram Shukla 7-6-72 Vs Shantilal Nagindas Mehta 13. N61/61 Vijaykumar Vishwarmbharlal Ruiya 7-6-72 Vs M/s. S. R. Dalmia 14. 8 of 68 1. Smt Shantadevi Basudev 7-6-72 2. Shri Parmeshwar Basudev 3. Miss. Sumanlata Basudev 4. Miss. Kusumlata Basudev (Kumar) Heirs and legal Representations of the late Narayandas Basudev vs 1. Bisesar Dayal Mittal Proprietor of M/s. Mukutlal Bisaserdayal 2. Jaigopal Bansilal Ozha 15. 25 of 70 M/s. Parmanand Bansidar 7-6-72 Vs Vshwanath Tode 5. The application of our waterboy Shri Mithal Bhuralal dated 3-5-72 asking for a loan of Rs.1000/- was considered and it was resolved to give him the loan asked for. 6. The letter dated 28-4-72 of the ShareBazar Staff Union was read and it was resolved to write to them that we have nothing to add to the previous correspondence in that matter. 7. The application dated 5-4-72 of the near relatives of the late Shri Amratlal Chunilal Shah nominating Shri Hemendra Kumar Kesarchand Shah as a member of the Exchange in the place of the late Shri Amratlal Chunilal Shah was considered and after interviewing Shri Hemendra Kumar Kesarchand Shah and his recommender Shri Dhirajlal N.Shah it was resolved by 14 votes in favour and none against to elect Shri Hemendra Kumar Kesarchand Shah as a member of the Exchange in the place of the late Shri Amratlal Chunilal Shah subject to the Rules and Bye-laws of the Exchange. 8. The application dated 5-4-72 of the near relatives of the late Shri M.N. Marfatia nominating Shri Jayantilal Manilal Mehta as a member of the Exchange in the place of the late Shri M.N. Marfatia was considered and after interviewing Shri Jayantilal Manilal Mehta and his recommender Shri Vadilal Rajpal Mehta it was resolved by 7 votes in favour and 7 against that he cannot be admitted as a member of the Exchange. 9. As the Bank of India Ltd., has been amalgamated with The Ahmedabad Mfg., and Calico Printers Co.Ltd., it was unanimously resolved to strike off the shares of Bank of India Ltd., from our list of securities quoted on the Exchange. 10. The listing applications of the undermentioned companies were considered and it was unanimously resolved that the approvals given for listing of their securities mentioned against their names below should be confirmed: The Standard Mills Co. ltd. --- Bonus Equity Laxmi Machine Works Ltd. --- 2100 equity shares allotted to Reiter Machine Works Ltd. 11. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and the other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities and dealings in those shares should be made in the trading lots mentioned against them: Rathi Alloys and Steel Ltd – New Equity – 50 shares Rathi Alloys and Steel Ltd – New Preference – 5 shares Modi Industries Ltd. – 8% Debentures – Rs.1000/-

12. The listing application of the Tata Engineering and Locomotive Co.Ltd., was considered and it was unanimously resolved that their undermentioned securities issued pursuant to the scheme of Amalgamation of the Central Bank of India with it should be admitted to our list of securities traded on the Exchange and dealing in those securities should be made in the trading lots mentioned against them: New equity – 5 shares. New Equity ‘A’ preference shares – 5 shares 7 3/4% (1975-82) convertible debentures - 5 debentures.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 25-7-72 Tuesday, 25-7-72

A Meeting of the Governing Board of the Stock Exchange was held today at S. T 3.00 P.M under the chairmanship of Seth Jaladas Jamnadas wherein the under mentioned members of the Board were present:

Shri Laldas Jamnadas Shri J. R. Motishaw Shri Phiroze J.Jeejeebhoy Shri A. R. Mahadevia Shri Jayant Amerchand Shri Vasantlal Kantilal Shah Shri Rasiklal Maneklal Shri B. M. Gandhi Shri Jasvant Chhotalal Shri Navinchandra C. Kampani Shri Hiralal Girdharlal Shri Bisesarlal N. Khandelwal Shri Gordhandas Bhagwandas Shri Ashok Girdharlal Fozdar

Government Nominees Shri M. N. Deshmukh Shri S. Rajmohan

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the below mentioned Companies regarding Cum-right and Ex-right transactions in the in their shares are confirmed 1. Voltas Ltd. Notice No. 793/72 dated 12-5- 72 2. Gokak Mills Ltd. Notice No. 825/72 dated 15-5- 72 3. New India Industries Ltd. Notice No. 1060/72 dated 16-6- 72 4. Bombay Silk Mills Ltd Notice no. 1092/72 dated 24-6- 72 5. Unichem Laboratories Ltd. Notice No. 1101/72 dated 26-6- 72 6. Vignyan Industries Ltd. Notice No. 1192/72 dated 29-6- 72 7. Tubes & Malleables Ltd. Notice No. 1147/72 dated 5-7- 72

2. Resolved that the Notices mentioned against the names of the below mentioned Companies regarding permission granted to deal in confirms of their bonus shares are confirmed: 1. Hindustan Aluminum Corporation Ltd. Notice No. 905/72 dated 25-7-72 2. Supreme Industries Ltd. Notice No. 976/72 dated 2-6-72 3. Gokak mills Ltd. Notice no. 1118/72 dated 28-6- 72

3. Resolved that the notices mentioned against the names of the below mentioned Companies regarding permissibility of delivery of their new shares against their old names are confirmed:

1. The Kohinoor Mills Co. Ltd. Notice No. 959/72 dated 31-5-72 2. Shree Dinesh Mills Ltd. Notice No. 961/72 dated 31-05-72 3. Akmbie Chemical Works Co. Ltd Notice No. 973/72 dated 02-06-72 4. The Indian Hotels Co. Ltd. Notice No. 1125/72 dated 01-07-72 5. G. G. Dandekar Machine Works Notice No. 1125/72 dated 01-07-72 6. Thana Eldrie Supply Co. Ltd. Notice No. 1184/72 dated 12-07-72

4. Resolved that the undermentioned notices are confirmed: 1. Notice No. 799/72 dated 12-5-72 regarding transactions in the Equity Shares of universal Dye Stuff Industries Ltd. To be made in shares of Rs.50/- 2. Notice No. 865/72 dated 20-5-72 regarding permission given for doing business in the Letter of Renunciation of the new shares of Bhartiya Electric Steel Co. Ltd. 3. Notice no. 924/72 dated 26-5-72 regarding transactions in the shares of Kohinoor Mills Co. Ltd. To be continues to be done on Cum-dividend basis 4. Notice No. 982/72 dated 5-6-72 regarding transaction of dealings in the shares of Western India Plywood’s Ltd. 5. Notice No. 993/72 dated 8-6-72 forbidding dealings in the shares of the Union Bank of India Ltd. 6. Notice No. 1017/72 dated 12-6-72 regarding permission given for dealing in Letters of Renunciation of the new Equity Shares of Antifriction Bearings Corporation Ltd. 7. Notice No. 1046/72 dated 15-6-72 forbidding transactions in the Shares of British India Corporation Ltd. And Notice No. 1065/72 dated 19-6-72 for resumption of dealings in those shares. 5. It was noted that the Trust-deed of our Debenture Stock had been Registered and the Allotment of Debenture Stock made so far was approved. 6. Resolved that the Contribution of Rs. 10218/- made to the National Defence Fund from the Association Fund is approved. 7. Resolved that the time for giving awards in the under mentioned Arbitration References between members and non-members should be stipulated as under: Ref. No. Name of the Parties The date upto which time is extend 1. N53 of 63 Kantial Jivanlal Kothari 10-6-72 and thereafter Vs 10-7-72 and thereafter Chimanlal Navinlal Gheewala 10-8-72 2. 10 of 1971 R. R. Ketwal 11-6-72 and thereafter Vs 11-7-72 and thereafter M/s. B. M. Choksey & Co 11-8-72 3. 35 of 1967 Kantilal Amithlal Shah 13-6-72 and thereafter Vs 13-7-72 and thereafter Harichand Maheshwari 13-8-72 4. 20 of 1966 Jayantilal Koticha 17-6-72 and thereafter Vs 17-7-72 and thereafter Arvindla Nyalchand Shah 17-8-72 5. 13 of 1966 Jamnadas Hemchand Podar 17-6-72 and thereafter Vs 17-7-72 and thereafter Bhagwandas Dhevji 18-7-72 6. 24 OF Madusudan Narandas Patel 18-6-72 and thereafter 1967 Vs 18-7-72 and thereafter J. R. Motishaw & Co 18-8-72 7. 25of 1967 Mrs Hansa Rasiklal Patel 18-6-72 and thereafter Vs 18-7-72 and thereafter M/s. J. R. Motishaw & Co. 18-8-72 8. 10 of 1969 M/s Champaklal Jamnadas 20-6-72 and thereafter Vs 20-7-72 and thereafter J. N. bhal 20-8-72 9. 7 of 1971 Bhagwandas Gajanan Purihit 25-6-72 Vs M/s. S. R. Ketkar & Sons 10. 27 of 1970 Bhagwatiprasad Omkarmal 25-672 and thereafter Ruiya 25-7-72 and thereafter Vs 25-8-72 M/s. Indian Trades and Finance Ltd. 11. 15 of 1969 Girdharlal Amulakh Shah 26-6-72 and thereafter Vs 21-7-72 Shantilal Rajpal Mehta 12. N 68 of 63 Kishorlal Thakarsidas Podar 27-6-72 and thereafter Vs 27-7-72 Smt Shantadevi Maniklal 13. 15 of 70 M/s. G. K. Fozdar 29-6-72 and thereafter Vs 29-7-72 Seht Keki Gandhi 14. 16 of 71 Harishchandra Gutt & Co. 29-6-72 and thereafter Vs 29-7-72 M/s. HP Mehta & Co. 15. 23 of 67 M/s. Hill & Rock 1-7-72 and thereafter Vs 1-8-72 M/s. J. R. Motishaw & Co. 16. 24 of 64 M/s. Harishchandra Gutt & Co. 4-7-72 and thereafter Vs 4-8-72 Bishanchandra Gupta 17. 41 OF 68 Chandulal Chimanlal & Co. 4-7-72 and thereafter Vs 4-8-72 Madanlal Podar 18. 17 of 71 M/s. Manumchandas Nemidas 5-7-72 and thereafter Vs 5-8-72 Shantilal Salubhai Sanghvi 19. 1 of 72 Smt. Chandra J. Mirchandani 6-672 and thereafter 6- Vs 7-72 Tikamdas H Javeri 20. 8 of 68 1. Smt. Shantadevi Basudev 7-7-72 and thereafter 2. Shri Parmeshwar Basudev 7-8-72 3. Miss Sumanlata Basudev 4. Miss Kusumlata Basudev (minor) The hers and Legal representatives of the late Shri Basudev Narayandas Vs 1. Bisesardayal Mittal , Proprietor of M/s. Mukullal Bisesardayal, 2. Jaigopal Banelal Ojhr

21. 12 of 67 Durgashankar Udayram Shukla 7-7-72 and thereafter Vs 7-8-72 Shantilal Nagindas Mehta 22. N 61 OF Vijaykumar Vishwambharlal 7-8-72 and thereafter 61 Ruiya 7-8-72 Vs M/s. S. R. Dalmia 23. 2 of 72 G. R. Mansukhan 7-8-72 Vs Ticamdas H. Ednani

8. Resolved that in the under mentioned Arbitration References between Members and Non-Members appointment of Arbitrators should be made as mentioned against the respective Arbitration references:

Arbitratio Name of the Parties Name of the Arbitrator n Ref. No. party on whose Names behalf of Arbitrator is nomination 1. 3 of 72 M/s. R. R. nabar & Co. P. K. Ssbnis Shri jayantilal Vs Mansukhlal P. K. Sabnis Dayal 2. 5 of 72 L. V. Vora Vijaykumar Shri Jitendra Vs Vishwambharlal Champaklal Vijaykumar Ruiya Mashruwala Vishwambharlal Ruiya 3. 6 of 72 Champaben Virchand Vijaykumar Shri Jitendra Vora Vishwambharlal Champaklal Vs Ruiya Mashruwala Vijaykumar Vishwambharlal Ruiya 4. 7 of 72 Smt J. L. Vora Vijaykumar Shri Jitendra Vs Vishwambharlal Champaklal Vijaykumar Ruiya Mashruwala Vishwambharlal Ruiya 5. 8 of 72 K. Gangadharan Vijaykumar Shri Jitendra Vs Vishwambharlal Champaklal Vijaykumar Ruiya Mashruwala Vishwambharlal Ruiya 6. 4 of 72 M/s. PR Subramnian & Mr. Pento Shri Nagindas Sons Trambaklal Vs M/s. Parka Parekh

9. The letter dated 10-8-72 of M/s. Sadani Overseas Corporation requesting for extension of time for appointing an arbitrator in there Arbitration reference against M/s. Tribhovandas M. Gandhi was considered and it was resolved to give them an extension of time upto 10-8-72 for appointment of an Arbitrator 10. The letter dated 29-6-72 of S/shri G. D. Bagri and Vallabhdas G. Bagri regarding dissolution of the partnership between there with effect from 23-3-72 was read and noted. 11. The letter dated 19-7-72 of S/Shri Jayantilal Rangildas Khandwala, Shantilal Rangildas Khandwala and Ashok Jayantilal Khandwala regarding dissolution of their partnership with effect from 28-7-72 was read and noted. 12. The letter dated 21-6-72 of S/Shri Navalchand T. Shah, Yashwant Navalchand Shah regarding Shri Yashwant Navalchand Shah hearing left the firm of M/s. Navalchand T. Shah and Co. with effect from 30-6-72 was read and noted. 13. The latter dated 12-7-72 of S/Shri of Shri Keki Dinsha Bomanji and Abhay Dharmashi Narottam regarding Shri Abhay Dharmashi Narottam separation from the partnership of M/s. Darsha and Co. with effect from 14-7-72 was read and Noted. 14. The applications for the under mentioned partnership were considered and approved :

Name of the Partnership Names of Partners Dated of Firm partnership M/s. G. D. Bagri Shri Gwaldas Hardaslal Bagri 23-372 Surendrakumar Gwaldas Bagri M/s. Jayantilal Shri Jayantilal Rangildas Khandwala 28-7-72 Khandwala and Sons Shri Ashok Jayantilal Khandwala

15. The letter dated 15-7-72 of M/s. Mohanlal Nagardas and Shri Jayant Amerchand were read and it was resolved to confirm the permission given to Shri Jayant Amerchand as Representative Member of M/s. Mohanlal Nagardas & Co. 16. The letter dated 6-7-72 of Shri B. N. Mehta was considered and it was resolved to give him permission to work as the Managing Director of Foods and Inns Ltd. on condition that so long as the continues to do that job he will not to do any business in the market in his own name. 17. Resolved that as the Central Government was decided to pay 6% interest on the Provident Fund we should increased the interest we pay on Staff Provident Fund and make it 6% with effect from 1-4-72 and whatever shortfall occurs in the interest income of that fund there by should be made good from the Association Fund. 18. The application of Shri K.V.B.S. Rao of our office was considered and it was resolved that to accordingly he should be given an additional loan of Rs. 3,500. 19. The applications for loans of the under mention staff members of our office were considered and it was resolved to give each of them a loan mentioned against his respective names. Sepoy Ramchandra Mahadev Rs.2,000/- Sepoy Namdev bhikaji Rs.600/- Sepoy R. K. Chavan Rs.1000/- Sweeper Haraharan Jairam Rs.1000/-

20. The application dated 14-6-72 of Shri M. D. Vyas of our office asking for help for the College fee of the second LLB of Rs.250/- year and examination fee of Rs.75 was considered and it was resolved to give him assistance of Rs.325/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 21. The application dated 27-6-72 of Shri S. M. Davda of our office requesting for assistance of Rs. 177/- for the college fee of the first term of senior B.Com was considered and it was resolved to give him that assistance from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 22. The letter dated 12-6-72 of Dr. Murajan was considered and it was resolved that he should be engaged to propose the history of the Stock Exchange on behalf of the Stock Exchange Education and Research services and for that he should be given and overall remuneration of Rs.25,000/- . in addition he may be allowed to appoint one or more assistants of a of a monthly expense of rs.1,000/- moreover, he should be provided with services of a steno-typist and sepoy 23. The application dated 2-5-72 of Shri Navinchandra Natvarlal Dalal nominating Shri Pravinchandra Natvarlal Dalal as a member of the Exchange in his own place was considered and after interviewing Shri Pravinchandra Natvarlal Dalal and his recommenders S/Shri Dhirajlal Naginlal and jitendra Champaklal it was resolved by 13 votes in favour and none against to elect Shri Pravinchandra Natwarlal Dalal as a member of the Exchange in the palce of Shri Navinchandra natwarlal Dalal, subject to the Rules and Bye-laws of the Exchange. 24. The application dated 15-5-72 of Shri Ramesh Madhavji Trivedi nominating Shri Jawahar Jausukhlal Jhagirdar as a member of the Exchange in his own place was considered and after interviewing Shri Jawahir Jaysukhlal Jhagirdar and his recommenders S/Shri Jayantkumar Khataw and Champaklal Devidas it was resolves by 13 votes in favour and none against to elect Shri Jawahir Jaysukhalal Jhagirdar as member of the Exchange in the place of Shri Ramesh Madhavji Trivedi, subject to the Rules and bye-laws of the Exchange. 25. The application dated 6-672 of near relations of the late Shri Dodi Sorabji Batleewala nominating Shri nanduchan Manilal Parikh as a member of the Exchange in the place of late Shri Dosi Sorabji Batleewala was considered and after interviewing Shri Nanduchan Manilal Parikh and his recommenders S/Shri Navalchand T. Shah and Narottam B. jhaveri it was resolved by 13 notes in favour and none against to elect Shri Nanduchan Manilal Parikh as a member of the Exchange in the place of the late Shri Dodi Sorabji Batleewala, subject to the Rules bye-laws of the Exchange. 26. The listing applications of the under mentioned Companies were considered and it was unanimously resolved to confirmed listing of their securities mentioned against their respective names: The National Rayon Corporation Ltd. Bonus Equity Adarsh Chemicals & Fertilizer Ltd. Bonus Equity Strw Products Ltd. Bonus Equity Hindusthan Aluminum Corporation Ltd. Bonus Equity Zandu Pharmaceuticals Works Ltd. New Equity Ceat Tyres of India Ltd. New Equity Pfizer Ltd. Bonus Equity The Travancore Electro-chemical New Equity Industries Ltd. Modi Spg. & Wvg., Mills Co.Ltd. New Equity Warner Hindustan Ltd. Bonus Equity

27. The listing applications of the undermentioned companies were considered and it was

unanimously resolved that subject to the Listing Rules and Regulations as well as

compliance with the usual requirements and the other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities and dealings in those shares should be made in the trading lots mentioned against them: Bhoruka Steel Ltd. Equity 50 shares Bhoruka Steel Ltd. Preference 5 shares Century Metals Ltd. Equity 50 shares Century Metals Ltd. Preference 5 shares Jesons Electronics Ltd. Equity 50 shares Jesons Electronics Ltd. Preference 5 shares Chemo Pulp Tissues Ltd. Equity 50 shares Chemo Pulp Tissues Ltd. Preference 5 shares Alfred Herbert India Ltd. Equity 50 shares Atlas Copco (India) Ltd. Equity 50 shares Modi Rubbers Ltd. Equity 50 shares Vardhman Spg.& General Mills Equity 50 shares Ltd. Vardhman Spg.& General Mills Preference 5 shares Ltd. Jaybharat Investment and Credit Equity 50 shares Co-op. Ltd. Kothari Madras Ltd Equity 50 shares Kothari Madras Ltd. Preference 50 shares The Tata Iron & Steel Co.Ltd. 8% Debentures Rs.1000/- 1983-87 The Industrial Credit and 6% Debentures 1984 Rs. 1000/- Investment Corporation of India Ltd. The Surat Elelctricity Co.Ltd. 8% Convertible 5 debentures Debentures The Standard Mills Co.Ltd. 8% Convertible 1 bond Bonds Sakthi Sugar Ltd. New equity 50 shares Sakthi Sugar Ltd. New 9.3% Preference 5 shares 28. Unanimously resolved that as the Union Bank of India Ltd., has been amalgamated with Mahindra & Mahindra Ltd., the shares of the Union Bank of India Ltd., should be struck off our list of securities traded on the Exchange. 29. The Chairman gave details of the large number of stenciled split Receipts of Scindia shares delivered in the market through the Clearing House by M/s J.J. Kapadia & Co., in the settlement which had been delayed because of the last strike by employees of the members and therefore done on 13-7-72. At that time Shri Nalin Lodhiwala partner of M/s J.J. Kapadia & Co., was present. During the discussion that took place thereafter Shri Nalin Lodhiwala gave clarification in response to the questions he was asked. After Shri Lodhiwala left and the matter was further discussed recommendation was made to the President to make investigation in the matter as deemed proper by him.

Sd/- Sd/- A.J. Shah Gordhandas Bhagwandas Secretary President

Dt: 19-9-72 Tuesday, 19.09.1972

A meeting of the Governing Board of the Stock Exchange was held today at ST 3.00 pm under the Chairmanship of Shri Gordhandas Bhagwandas wherein the under mentioned members of the Board were present:

Shri Gordhandas Bhagwandas Shri Vasantlal Kantilal Shah Shri Phiroze J. Jeejeebhoy Shri Babubhai Maganlal Gandhi Shri Rasiklal Maneklal Shri Mathradas Samaldas Shri Jasvantlal Chhotalal Shri Navinchandra Chhaganlal Kampani Shri Hiralal Girdharlal Shri Bisesarlal Khandelwal Shri Vasantlal Jivatlal Shri Ashok Girdharlal Fozdar Shri J. R .Motishaw

Government Nominees Shri M. N. Deshmukh Shri S. Rajgopalan

The following business was transacted in the meeting.

1. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum-right and ex-right transactions in their shares are confirmed 1. The Andhra Pradesh Paper Mills Ltd. Notice no. 1370/72 dated 9-8-72 2. Shree Digvijay Cement Co.Ltd. Notice No. 1420/72 dated 18-8-72 3. Associated Rubber Industries Ltd. Notice No. 1426/72 dated 19-8- 72

2. Resolved that the notices mentioned against the names of the undermentioned companies regarding permissibility of delivery of their new shares against old shares are confirmed: 1. Tata Merlyn and Garin Ltd. Notice No:1288/72 dt.27-7-72 2. The East India Hotels Ltd. Notice No:1410/72 dt.16-8-72 3. Garware Nylons Ltd. Notice No:1557/72 dt. 6-9-72 4. Poysha Industrial Co. Ltd. Notice No:1581/72 dt. 9-9-72 5. Zandu Pharmaceutical Works Ltd. Notice No:1586/72 dt.12-9-72 6 Estrella Batteries Ltd. Notice No:1587/72 dt.12-9-72

3. Resolved that the notices mentioned against the below mentioned companies regarding permission given for doing business in the coupons of their bonus shares are confirmed: 1.Unichem Laboratories Ltd. Notice No. 1386/72 dated 11-8-72 2.The New India Industries Ltd. Notice No. 1427/72 dated 19-8-72 3.The Bombay Silk Mills Ltd. Notice No. 1509/72 dated 30-8-72

4. Resolved that the notices mentioned against the names of the undermentioned companies regarding permission given for dealing in Letter of Renunciation of their new shares are confirmed: 1.Voltas Ltd. Notice No. 1294/72 dated 28-7-72 2.Vignan Industries Ltd. Notice No. 1325/72 dated 2-8-72 3.Tubes and Malleables Ltd. Notice No. 1333/72 dated 3-8-72

5. Resolved that the undermentioned notices are confirmed: 1. Notice No:1278/72 dated 26-7-72 regarding keeping the market closed for business on Monday 31-7-72 and keeping it open on Saturday 26-7-72. 2. Notices No: 1281/72 dated 27-7-72, No:1291/72 dated 28-7-72 and No:1378/72 dated 14-8-72 regarding settlement of shared settled by Red black forms 6-A and 7-A. 3. Notice No:1290/72 dated 28-7-72 regarding programme of Buyers’ Tickets. 4. The undermentioned notices regarding special settlements of Hand Delivery transactions : Notice No:1344/72 dated 5-8-72 Notice No:1438/72 dated 22-8-72 Notice No:1497/72 dated 29-8-72 Notice No:1516/72 dated 31-8-72 Notice No:1529/72 dated 1-9-72 Notice No:1545/72 dated 4-9-72 5. The Notice No:1348/72 dated 7-8-72 regarding resumption of dealings in the shares of the United Commercial Bank Ltd. 6. Notice No: 1374/72 dated 10-8-72 regarding keeping the market closed for business on Monday 14-8-72 and keeping it open on Saturday 12-8-72. 7. Notice No:1407/72 dated 16-8-72 regarding dividend on the shares of the British India General Insurance Co.Ltd. 8. Notice No: 1445/72 dated 23-8-72 regarding the Association Holiday of Jain Samvatsari on Tuesday 12-9-72. 6. Resolved to extend the time for making awards in the Arbitration References between members and non members as mentioned below: Ref. No. Name of the Parties Time date upto when the line award is Extend 1 15 of Girdharlal Amulakh Shah v/s Shantilal 26-8-72 and 1969 Rajgopal Mohta thereafter 26-9- 72 2 N 68 of Kishorilal Thakarsidas Podar v/s Smt. 27-8-72 and 63 Shantadevi Maneklal thereafter 27-9- 72 3. 16 of 71 M/s Harishchandra Gutt & Co. v/s M/s 29-8-72 and N.P. Mehta & Co. thereafter 29-9- 72 4. 15 of 70 M/s G.K.Fozdar v/s Shri Keki Gandhi 29-8-72 5. 23 of 67 Hill & Rock v/s J.R. Motishaw & Co 1-9-72 and thereafter 1-10- 72 6. 24 of 64 M/s Harishchandra Gutt & Co. v/s 4-9-72 and Bishchandra Gupta thereafter 4-10- 72 7. 41 of 68 Chandulal Chunilal & Co. v/s Madanlal 4-9-72 and Podar thereafter 4-10- 72 8. 17 of 71 M/s Manmohandas Nemidas & Co. v/s 5-9-72 and Shantilal Salubhai Sanghvi thereafter 5-10- 72 9. 1 of 72 Mrs. Chavda J. Mirchandani v/s 6-9-72 and Tikamdas M. Eidnani thereafter 6-10- 72 10 12 of 71 Durgashankar Udayram Shukla v/s 7-9-72 and Shantilal Nagindas Mehta thereafter 7-10- 72 11. 8 of 68 1. Smt. Shantadevi Basudev 7-9-72 and 2. Shri Parmeshwar Basudev thereafter 7-10- 3. Miss Sumanlata Basudev 72 4. Miss Kusumlata Basudev (minor) Heirs & legal representative of M/s Basudev Narayandas v/s 1. Bissesar Dayal Mittal, Proprietor of M/s Mukutlal Bissesar Dayal 2. Jay Gopal Bansilal Ojha 12. N61 of 61 Vijaykumar V. Ruiya v/s S.R. Dalmia 7-9-72 and thereafter 7-10- 72 13. 2 of 72 G.R. Mansukhani v/s Tikamdas M. 7-9-72 and Eidnani thereafter 7-10- 72 14. N53 of 63 Kantilal Jivanlal Vakharia v/s Chunilal 10-9-72 Manilal Gheewala 15. 10 of 91 R.R. Kotwal v/s M/s B.M. Choksey 11-9-72 16. 35 of 67 Kantilal Amthalal Shah v/s Harichand 13-9-72 Maheshwari 17. 20 of 66 Joyuntilal Koticha v/s Arvind 17-9-72 and Nyalchand Shah thereafter 17- 10-72 18. 13 of 71 Jamnadas mulchand Parekh v/s 17-9-72 and Bhagwandas Dhanji thereafter 17- 10-72 19. 24 OF 67 Madhusudan Narandas Patel v/s J. R. 18-09-72 and Motishaw & Co. thereafter 18- 10-72 20. 25 of 67 Mrs. Hansa Rasiklal Patel v/s M/s J. R. 18-09-72 and Motishaw & Co. thereafter 18- 10-72 21. 10 of 69 M/s Champaklal Jamnadas v/s J N 20-09-72 Bhatt 22. 21 of 71 M/s C M Shah v/s Rajnikant Vrijlal 21-09-72 23. 22 of 71 M/s C M Shah v/s Purshottamdas B. 21-09-72 Shah 24. 27 of 70 Bhagwatiprasad Omkar Panglow v/s 25-09-72 Indian Trades & Finance Ltd. 25. 14 of 70 Ishawasrlal Manordas Shay v/s Suresh 30-09-72 F Gunderia 7. Resolved That in the undermentioned Arbitration References between Members and Non Members appointment of Arbitrators should be made as follows; Sr. No. Ref. Names of the parties Name of the Name of the No. party on Arbitrator whose behalf Arbitrator is appointed 1. 15 of Sobhagyachand M/s B. M. Shri Nagindas 72 Harichand Vore v/s B. Choksey & Trambeklal M. Choksey & Co. Co. Parekh 2. 14 of P. R. Subramanyam & s B. Shri Jitendra 71 Sons v/s B. Suryanarayan Champaklal Suryanarayan Murthy Murthy Markruwala

8. Resolved to confirm the investments made from the undermentioned funds as follows: Sir Shapurji Barocha brokers Helping The fixed Deposit of Rs. 50,000 at Fund 8% p.a with the Stock Exchange Shri M. C. Mehta Smarak Fund 5 ¾% Maharashtra Stock Development Loan of the Face Value of Rs. 55,000 at Rs. 100/10 per Rs. 100 Rogilal Rajaram Mehta Brokers FD of Rs. 15,000 at 8% p.a. interest Helping Fund with the Stock Exchange 2) 5 ¾% Maharashtra Stock Development Loan 1983 of the Face Value of Rs. 16,000 @ Rs. 100/10 per Rs. 100 Famine Relief Fund 5 ¾% Maharashtra Stock Development Loan 1983 of the face value of Rs. 15,000/- at the rate of Rs. 100/10 per Rs. 100 Dharmada Fund 5 ¾% Maharashtra Stock Development Loan 1983 of the face value of Rs. 15,000/- at the rate of Rs. 100/10 per Rs. 100 M C Baxi prize Fund 5 ¾% Maharashtra Stock Development Loan 1983 of the face value of Rs. 400/- at the rate of Rs. 100/10 per Rs. 100 Seth Shantilal Jamnadas Smarak 5 ¾% Maharashtra Stock Fund Development Loan 1983 of the face value of Rs. 3800/- at the rate of Rs. 100/10 per Rs. 100 Sankat Nivaran Fund 5 ¾% Maharashtra Stock Development Loan 1983 of the face value of Rs. 2000/- at the rate of Rs. 100/10 per Rs. 100

9. “Resolved That the safe custody accounts No:2 to 11 with Bank of India in the names of the Trustees of the Exchange, namely Shri K.R.P. shroff and others be closed and instead new safe custody accounts No: 2 to 11 in the name of the Stock Exchange be opened with Bank of India and such new safe custody accounts be operated on jointly by the President Shri Laldas Jamnadas or the Chairman Shri P.J. Jeejeebhoy or the Vice-President Shri Jayant Amerchand or the Hon. Treasurer Shri Mathradas Samaldas, and by any one of the following eight members of the Governing Board namely, Shri Gordhandas Bhagwandas,Shri Rasiklal Maneklal, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri Vasantlal Kantilal Shah, Shri B.M. Gandhi and Shri A.R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah.” 10. The application for loan dated 12-09-72 of shri Joe Baraco of our office was considered and it was resolved to give him a loan of Rs. 700/-. 11. The Letters dated 17-08-72 of S/Shri Narottam B Jhaveri and Nandvadan M. Parikh were read and it was resolved to confirm and the permission given to Shri Nandanvan M. Parikh as a Representative member of Shri Narottam B. Jhaveri. 12. The Letter dated 25-08-72 of Shri Sohanlal Badriprasad authorizes his son Shri Umasahnkar Sohanlal to dispose of his membership right after his demise was noted and it was resolved that the Board at that time would do the needful in that connection. 13. The Letter dated 06-09-72 of Shri Vasantlal Kantilal Shah and Shri Kirtilal Kantilal Shah was considered and it was noted that their partnership will continue from 05-09-72 under the firm name of M/s K.J. Shah and Sons. 14. The Letter dated 15-09-72 of the Bai Chandanben Jamnadas Parikh, Shri Babubhai Jamnadas Parikh, Shri Chinubahi Jamnadas Parikh and Mrs. Gunvan Jamnadas Parikh was read and it was resolved that Shri Varjivan Chimanlal Parikh should be given permission to continue the business of the Late Shri Jamnadas Mulchand Parikh for three Months. 15. The application dated 29-3-72 of Sir Shapurji Siksha Pracharak Mandal for help was considered and it was resolved to give that institution help of Rs.100/- from the Stock Exchange Education and Research Services. 16. The letter dated 1-8-72 of the Chartered Bank for becoming a member of our Clearing House was considered and it was resolved to admit that Bank as a member of our Clearing House subject to our Rules, Bye-laws and Regulations. 17. The Report, Income and Expenditure Account and the Balance Sheet of our Association for the year 1971 were passed. 18. Resolved that the undermentioned persons of the present temporary staff of our Statistical department should be confirmed and they should be given the salary in the grades as mentioned against their respective names with effect from 1-9-1972: 1. Shri Noel Baraco – ‘B’ grade – Rs.95/- 2. Shri R.R. Shivalkar – ‘B’ grade – Rs.85/- 3. Shri C.V. Valson – ‘C’ grade – Rs.65/- 4. Shri T.G. Babu -- ‘C’ grade – Rs.60/- 5. Shri A.B.S. Nair -- ‘C’ grade – Rs. 60/- 6. Shri N.M. Ale -- ‘C’ grade – Rs. 50/- Further resolved that the undermentioned members of the temporary staff should each be given an increase of Rs.15/- in their monthly salary w.e.f. 1-9- 72: 1. Shri M.V. Bhandari 2. Shri J.L. Quodros 3. Shri V. Mohan 4. Shri Lonath Sankesh 5. Shri K. Jambunakshan 19. The application dated 7-4-72 of the near relatives of the late Shri Girdharlal Gulabchand nominating Shri Bharat Begraj Gupta as a member of the Exchange in the place of the late Shri Girdharlal Gulabchand was considered and after interviewing Shri Bharat Begraj Gupta and his recommenders S/Shri Shantilal L/ Thar and M.C. Mohta the matter was postponed for further consideration. 20 The application dated 17-7-72 of the legal representatives (near relatives) of the late Shri Savaksa D. Kerawala nominating Shri Sam Framroz Lala as a member of the Exchange in the place of the late Shri Savaksa D. Kerawala was considered and after interviewing Shri Sam Framroz Lala and his recommenders S/Shri M.N. Mohta and R.A. Bilimoria it was resolved by 12 votes in favour and none against to elect Shri Sam Framroz Lala as a member of the Exchange in the place of the late Shri Savaksa D. Kerawala subject to the Rules, Bye-laws and Regulations of the Exchange on the condition that he should not do business in the market in his own name for two years. 21 The application dated 10-8-72 of Shri Mohanlal Manekchand Parekh nominating Shri Vallabhdas Chunilal Mehta as a member of the Exchange in his own place was considered and after interviewing Shri Vallabhdas Chunilal Mehta and his recommenders S/Shri Nagardas Ravji and Dhirajlal Narottamdas Shet it was resolved by 12 votes in favour and none against to elect Shri Vallabhdas Chunilal Mehta as a member of the Exchange in the place of Shri Mohanlal Manekchand Parekh subject to the Rules and Bye-laws of the Exchange. 22 Resolved that a Memorandum should be submitted on our behalf in connection with the companies (Amendment) Bill 1972. 23 The correspondence with Madhusudan Industries was gone through and it was resolved to change the trading lot of its shares and make it of 5 shares instead of 1 share. 24 The listing applications of the undermentioned companies were considered and it was resolved that the permission given for admission of their securities mentioned against their respective names to our list of securities traded on the Exchange should be confirmed: The Gokak Mills Ltd. --- Bonus equity Indian Organic Chemicals Ltd. – Old equity Sakthi Sugars Ltd. – New Equity and New Preference Jiajerao Cotton Mills Ltd. – Bonus Equity The Bombay Silk Mills Ltd – Bonus Equity 25 The listing applications of the Stock Exchange was considered and it was resolved that their 8% Debenture stock 1981-86 should be admitted to our list of securities traded on the Exchange and dealings in the aforesaid debenture should be made in lots of Rs. 5000/- each. 26 The listing application of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Regulations as well as compliance with the usual requirements and other special requirements stipulated by us their undermentioned securities should be admitted to our list of Non-cleared securities traded on the Exchange and dealings in thos securities should be made in the trading lots mentioned against them: Bright Light Carbons Ltd Equity 50 shares Bright Light Carbons Ltd. Preference 50 shares Eurocoat (India) Ltd. Equity 50 shares Eurocoat (India) Ltd. Preference 5 shares Platewall Processed and Chemicals Equity 50 shares Ltd. Vidarbha Glass Works Ltd. Equity 50 shares Punjab Tractors Ltd. Equity 50 shares Punjab Tractors Ltd. Preference 5 shares JG Glass Ltd. Equity 50 shares Madhya Pradesh Electricity Board 6% Bonds 1984 Uttar Pradesh State Electricity 6% Bonds 1981 Board (second series) 6% Bonds 1982 (special series) 6% Bonds 1982 (First series) 6% Bonds 1983 (First series) 6% Bonds 1982 (Second series) Larsen & Toubro Ltd. Allotment made to the shareholders of Buckwall India Ltd., and Canara Bank New Equity New Preference 10 shares 8% convertible bonds 25 Bonds 8% Redeemable Bonds 10 Bonds Swastik Rubber Products Ltd. Allotment made to the shareholders of Bank of Maharashtra New Equity 50 shares 8% Convertible Debentures. 50 debentures

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 24-10-72 Tuesday, 24-10-72

A meeting of the Governing Board of the Stock Exchange was held to-day at S.T. 3.30 p.m. under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned Members of the Board were present.

Shri Laldas Jamnadas Shri Vasantlal Jivatlal Shri Phiroze J. Jeejebhoy Shri J.R. Motishaw Shri Rasiklal Maneklal Shri Vasantlal Kantilal Shah Shri Jaswantlal Chhotalal Shri B.M. Gandhi Shri Hiralal Girdharlal Shri Mathradas Samaldas Shri Gordhandas Bhagwandas Shri Bissesarlal N. Khandelwal Shri Ashok G. Fozdar

Government Nominee Shri M.N. Deshmukh Shri S. Rajgopalan

The following business was transacted in the meeting:

1. At the start of the meeting the President stated that as Shri M.N. Desmukh, Dy. Director, Stock Exchange Division is to revert to the Income-Tax department within a short time on getting promotion there, his presence to day as a Government Nominee may perhaps be last one. The President made a mention of the support and co-operation given by Shri Deshmukh during his lifetime as a Government Nominee and also the constructive view taken by him and thanked him expressing the hope that he will continue to take interest in the matter relating to the Stock Exchange in future also. Shri Deshmukh responded with thanks for the co-operation received by him from the Board during his appointment as a Government Nominee on the Board and assured that the high opinion held by him for the Bombay Stock Exchange will always continue to be there. 2. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum-right and ex-right transactions in the shares of the concerned companies are confirmed: 1 The Gaikwad Mills Ltd. Notice No:1663/72 dt. 25-9-72 2 Sylvania and Laxman Ltd. Notice No:1719/72 dt.3-10-72 3 The Century Spg. & Mfg. Co.Ltd. Notice No:1814/72 dt. 19-10-72

3. RESOLVED THAT the undermentioned notices should be confirmed:

1) Notice No. 1722/72 dated 3-10-72, No:1736/72 dated 5-10-72 and No:1803/72 dated 16-10-72 regarding the shares settled by red and black forms Nos:6-A and 7-A. 2) Notice No. 1795 dated 13-10-72 regarding Kaplis. 3) Notice No. 1835/72 dated 21-10-72 regarding permission given to deal in Letters of Renunciation of new Equity shares of Sylvania and Laxman Ltd. 4) Notice No. 1843/72 dated 23-10-72 regarding keeping the market open on every alternate Saturday.

4. Resolved that in the undermentioned Arbitration References between members and non-members the time for giving the award is extended as mentioned against each Arbitration Reference: Sr. Arbitration Name of the parties The time for giving the No: Reference No: award extended upto: 1 10 of 69 M/s Champaklal Jamnadas vs 20-10-72 and thereafter J.N. Bahl 20-11-72 2 21 of 71 M/s C.M. Shah vs Rajnikant 21-10-72 and thereafter Vrijlal 21-12-72 3 22 of 71 M/s C.M. Shah vs Purshottam 21-10-72 and thereafter B. Shah 21-12-72 4 27 of 70 Bhagwatiprasad Omkarmal 25-10-72 Rungta vs Indian Trades & Finance (Pvt) Ltd. 5 15 of 69 Girdharlal Amulakh Shah vs 26-10-72 Shantilal Rajpal Mehta 6 N68 of 63 Kishorilal Thakarsidas Podar 27-10-72 vs Smt. Shantadevi Mohanlal 7 16 of 71 M/s Harishchandra Gutt & Co. 29-10-72 vs M/s H.P. Mehta & Co. 8 14 of 70 Ishwarlal Manordas Shah vs 31-10-72 Suresh F. Gunderia 9 23 of 67 M/s Hill & Rock vs J.R. 1-11-72 Motishaw & Co. 10 24 of 64 M/s Harishchandra Gutt & Co. 4-11-72 vs Bishanchandra Gupta 11 41 of 68 M/s Chandulal Chunilal & 4-11-72 Co.vs Madanlal Poddar 12 17 of 71 M/s Manmohandas Nemidas 5-11-72 vs Shantilal Salubhai Sanghvi 13 1 of 72 Mrs. Chandra I. Mirchandani 6-11-72 vs Tikamdas H. Eidnani 14 12 of 71 Durgashankar Udayam 7-11-72 Shukla vs Shantilal Nagindas Mehta 15 2 of 72 G.R. Mansukhani vs Tikamdas 7-11-72 H. Eidnani 16 N61 of61 Vijaykumar Vishwambharlal 7-11-72 Ruiya vs M/s S.R. Dalmia 17 8 of 68 1.Smt. Shantadevi Basudev 7-11-72 2.Shri Parmeshwar Basudev 3.Miss Sumanlata Basudev 4.Miss Kusumlata Basudev (minor) Heirs and legal representative of the late Basudev Narayandas vs 1.Bissesar Dayal Mittal, Proprietor of M/s Mukatlal Bissesar Dayal. 2. Jaygopal Bansilal Ojha 18 N53 of 63 Kantilal Jivanlal Vakharia vs 10-10-72 and thereafter Chunilal Manilal Gheewala 10-11-72 19 10 of 71 R.R. Kotwal vs M/s B.M. 11-10-72 and thereafter Choksey & Co. 11-11-72 20 35 of 67 Kantilal Amthalal Shah vs 13-10-72 and thereafter Harichand Maheshwari 13-11-72 21 20 of 66 Joyuntilal Koticha vs Arvind 17-11-72 Nyalchand Shah 22 13 of 71 Jamnadas Nyalchand Parekh 17-11-72 vs Bhagwandas Dhanji 23 24 of 67 Madhusudan Narandas Patel 18-11-72 vs M/s J.R. Motishaw & Co. 24 25 of 67 Mrs. Hansa Rasiklal Patel vs 18-11-72 M/s J.R. Motishaw & Co.

5. Resolved that as Arch Investment (Pvt) Ltd., have failed to appoint their Arbitrator in the Arbitrarion between M/s B.M. Choksey & Co., and Arch Investment (Pvt.) Ltd., Shri Jitendra Champaklal Mashruwala should be appointed as an Arbitrator on their behalf. 6. The application for help of the undermentioned institutions were considered and it was resolved to give each of them Rs. 101/- from the Association Fund: Indian Red Cross Society. The Maharashtra State anti-tuberculosis Association. The Deaf and Dumb School, Solapur Shri Bedipara Harijan Yuvak Mandal.

7. Resolved that Shri Shadev Kamkar should be given help of Rs. 1560/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund.

8. Resolved that the Stock Exchange Badge Holders Medical Relief Centre and Dispensary should be given help of Rs.5001/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 9. The application dated 16-10-72 of Shri S.M. Daver of our office for giving him assistance of the college fee for the 2nd term of the Senior BCom was considered and it was resolved to give him assistance of Rs.175/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund.

10. The applications of the undermentioned persons who have given up their employments as our staff for giving them their Provident Fund dues were considered and it was resolved to pay them the amounts of their Provident Fund dues as mentioned against their respective names: Mansinh Gamersinh – Rs.1219.03 Fakerchand Harbhajan – Rs. 510.66 K. Manjunath – Rs. 491.08

11 The letter dated 12-10-72 of S/Shri P.D. Bilimoria, M.A. Karanjia, S.A. Karanjia, M.N. Gandhi, R.D. Sethna and H.F. Munshi was read and it was noted that Shri P.D. Bilimoria and Shri R.D. Sethna had separated from the partnership firm of M/s Batliwala and Karani with effect from 15-10-72. 12 The letter dated 19-9-72 of S/Shri Venishankar D. Vyas and A.H. Muchala were noted and it was resolved that the permission given to Shri A.H. Muchala to do business as a Representative Memmber of Shri Venishankar D. Vyas should be confirmed. 13 Resolved that on Sunday 5-11-72 our market should be kept open from 6.15pm to 7.15 pm for entering into transactions for Muhurat business for Kartik Vikram Samvat 2029. 14 The Association Holidays for the year 1973 our market should be kept entirely closed for business as it happens to be the Dhan Teras Holiday. 15 The Reports of Sir Shapurji Broacha Brokers’ Helping Fund committee dated 10-8- 72 and 21-9-72 were gone through and approved. 16 The application dated 16-10-72 of our sepoy Pandurang Z. Ghade requesting for a loan of Rs.1000/- for getting his house repaired was considered and it was resolved to give him a loan of Rs.650/-. 17 The application dated 15-9-72 of the legal representatives of the late Shri M.N. Marfatia nominating Shri Brijmoan Sagarmal as a member of the Exchange in the place of late Shri M.N. Marfatia was considered and after interviewing Shri Brijmohan Sagarmal and his recommenders S/Shri Mansukhlal Maneklal and Champaklal Jamnadas it was resolved by 13 votes in favour and none against to elect him as a member of the Exchange in the place of the late Shri M.N. Marfatia, subject to the Rules and Bye-laws of the Exchange. 18 The application dated 10-8-72 of Shri Bhogilal G. Shah nominating Shri Hasmukhlal Tribhovandas Shah as a member of the Exchange in his own place was considered and after interviewing Shri Hasmukhlal Tribhovandas Shah and his recommender Shri Jivandas Virji it was resolved by 13 votes in favour and none against to elect him as a member of the Exchange in the place of Shri Bhogilal G. Shah subject to the Rules and Bye-laws of the Exchange. 19 The application dated 21-9-72 of Shri Noshirvan Cavasji Lakdavala nominating Shri Jeram Thakarsey Halai as a member of the Exchange in his own place was considered and after interviewing Shri Jeram Thakarsey Halai and his recommenders S/Shri Nagindas Chhaganlal and Ishwarlal M. Dalal it was resolved by 13 votes in favour and none against to elect Shri Jeram Thakarsey Halai as a member of the Exchange in the place of Shri Noshirvan Cavasji Lakdavala subject to the Rules and Bye-laws of the Exchange. 20 The application dated 21-9-72 of the near relatives of the late Shri Kantilal Jagjivandas nominating Shri Kirtilal Kantilal Shah as a member of the Exchange in the place of late Shri Kantial Jagjivandas was considered and after interviewing Shri Kirtilal Kantilal Shah and his recommenders S/Shri Ratilal J. Shah and Suresh K. Vakil it was resolved by 13 votes in favour and none against to elect Shri Kirtilal Kantilal Shah as a member of the Exchange in the place of the late Shri Kantilal Jagjivandas, subject to the Rules and Bye-laws of the Exchange. 21 The application dated 18-8-72 of the near relatives of late Shri Tribhovandas Gordhandas Damani nominating Shri Mahendrakumar Himatlal Trivedi as a member of the Exchange in place of the deceased was considered and after interviewing Shri Mahendrakumar Himatlal Trivedi and his recommenders Shri Narandas Jamnadas, the matter was postponed for further consideration. 22 The listing application of Associated Rubber Industries Ltd., was considered and it was unanimously resolved to admit its bonus equity shares to our list of securities traded on the Exchange. 23 The listing applications of the under mentioned companies were considered and it was unanimously resolved to admit their securities mentioned against their respective names to our list of Non-cleared securities subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us and to make dealings in those securities in the trading lots mentioned against them:

Anil Steel Ltd. Equity 50 shares Anil Steel Ltd. Preference 5 shares Terfort Tyres Ltd. Equity 50 shares Terfort Tyres Ltd. Preference 5 shares Polygas Ltd. Equity 5 shares Purandur Paper Mills Ltd. Equity 50 shares Purandur Paper Mills Ltd. Preference 5 shares Rathi Ispat Ltd. New Equity 50 shares Rathi Ispat Ltd. New Preference 5 shares The State Industrial and 6% bonds 1984 Rs. 1000/- Investment Corporation of Maharashtra Ltd. Mahindra & Mahindra Ltd. New Equity 50 shares Mahindra & Mahindra Ltd. 8% Convertible 30 bonds bonds

24 Resolved that as the equity shares 9% and 9.5% Preference shares of Swastik Rubber Products Ltd., and Equity shares of Sakthi Sugar Ltd., have been sub- divided into shares of Rs.10/- each, dealings in those shares should be maded in trading lots of 50 shares of Rs.10/- each. 25 The letter dated 27-9-72 of Sbanea Pistons and Rings Ltd., and the letter dated 14-10-72 of Prstolite of India Ltd., was read and it was unanimously resolved that the shares of those companies should be struck off our list of securities traded on the Exchange.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 28-11-72 Tuesday, 28-11-72

A meeting of the Governing Board of the Stock Exchange was held to-day at S.T. 3.30 p.m. under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned Members of the Board were present.

Shri Laldas Jamnadas Shri Vasantlal Jivatlal Shri Phiroze J. Jeejebhoy Shri J.R. Motishaw Shri Rasiklal Maneklal Shri Vasantlal Kantilal Shah Shri Jaswantlal Chhotalal Shri B.M. Gandhi Shri Hiralal Girdharlal Shri Mathradas Samaldas Shri Gordhandas Bhagwandas Shri Navinchandra C. Kampani Shri Vasantlal Champaklal Shri Ashok G. Fozdar

Government Nominees Shri S. Rajgopalan

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum-right and ex-right transactions in the shares of the concerned companies are confirmed: 1 The Indian Aluminum Co. Ltd. Notice No:1868/72 dt. 26-10-72 2 The Maharashtra Sugar Mills Ltd. Notice No:1919/72 dt.1-11-72 3 All-bright Morarjee & Pandit Ltd. Notice No:1921/72 dt. 2-11-72 4 Vickers Sperry of India Ltd. Notice No:1950/72 dt. 4-11-72 5 Bayer (India) Ltd. Notice No:2002/72 dt. 16-11-72 6 Kamani Engineering Corporation Notice No:2017/72 dt. 17-11-72 Ltd. 7 Graphite India Ltd. Notice No:2036/72 dt. 21-11-72

2. RESOLVED THAT the notices mentioned against the names of the undermentioned companies regarding permissibility of delivery of their new shares against their old shares are confirmed: 1 Graphite India Ltd Notice No:1902/72 dt.30-10-72 2 Mahindra & Mahindra Ltd. Notice No:1980/72 dt.14-11-72

3. Resolved that the undermentioned notices are confirmed: 1. Notice No:1866/72 dated 26-10-72, No:1959/72 dated 9-11-72 , No:2031/72 dated 21-11-72 regarding settlements of shares done by Red- black forms 6-A and 7-A. 2. Notice No: 1890-72 dated 28-10-72 regarding the shares of New India Assurance Co.Ltd. 3. Notice No:1922/72 dated 2-11-72 regarding special delivery contracts of bonus shares of Century Mills Ltd. 4. Notice No:2009-72 dated 16-11-72 forbidding transactions in the shares of Insurance Companies from the day of 2-12-72. 4. Resolved that the time for making the award in the undermentioned Arbitration References between members and non-members is extended as stated below against the respective references: Sr. Arbitration Name of the parties The time for giving the No: Reference No: award extended upto: 1 27 of 70 Bhagwatprasad Omkarmal 25-11-72 and thereafter Rungta v/s M/s India Trades 25-12-72 and Finance Pvt.Ltd. 2 15 of 69 Girdharlal Amulakh Shah v/s 26-11-72 and thereafter Shantilal Rajpal Mehta 26-12-72 3 N68 of 63 Kishorilal Thakarsidas Podar 27-11-72 and thereafter v/s Smt.Shantadevi Maneklal 27-12-72 4 16 of 71 Harishchandra Gutt & Co. v/s 29-11-72 M/s H.P. Mehta & Co. 5 14 of 70 Ishwarlal Manordas Shah v/s 30-11-72 Suresh F. Gunderia 6 23 of 67 M/s Hill & Rock v/s M/s J.R. 1-12-72 Motishaw & Co. 7 24 of 64 M/s Harishchandra Gutt & 4-12-72 Co., v/s Birhanchandra Gupta 8 41 of 68 Chandulal Chunilal & Co., v/s 4-12-72 Madanlal Podar 9 1 of 72 Mrs. Chandra J. Mirchandani 6-12-72 v/s Trikamdas H. Eidnani 10 2 of 72 G.R. Mansukhani v/s 7-12-72 Trikamdas H. Eidnani 11 8 of 68 1. Smt. Shantadevi Basudev 7-12-72 2. Shri Parmeshwar Basudev 3. Miss Sumanlata Basudev 4. Mrs. Kusumlata Basudev (minor) Heirs and legal representatives of late Shri Basudev Narayandas. v/s 1. Bissesardayal Mittal, Proprietor of M/s Mukutlal Bisesar Dayal. 2. Jaigopal Bansilal Ozha. 12 12 of 71 Durgaprasad Udayram Shukla 7-12-72 v/s Shantilal Nagindas Mehta 13 N61 of 61 Vijaykumar Viswabharlal 7-12-72 Ruiya v/s S.R. Dalmia 14 N53 of 63 Kantilal Jivanlal Vakharia v/s 10-12-72 Chunilal Manilal Gheewala 15 10 of 71 R.R. Kotwal v/s M/s B.M. 11-12-72 Choksey & Co. 16 35 of 67 Kantilal Amthalal Shah v/s 13-12-72 Harichand Maheshwari 17 20 of 66 Joyuntilal Koticha v/s Arvind 17-12-72 Nyalchand Shah 18 13 of 71 Jamnadas Mulchand Parekh 17-12-72 v/s Bhagwandas Dhanji 19 24 of 67 Madhusudan Narandas Palet 18-12-72 v/s M/s J.R. Motishaw & Co. 20 25 of 67 Mrs. Hansa Rasiklal Palet v/s 18-12-72 M/s J.R. Motishaw & Co. 21 10 of 69 M/s Champaklal Jamnadas 20-12-72 v/s J.N. Bahl 22 27 of 71 M/s C.M. Shah v/s Rajnikant 21-12-72 Vrajlal 23 22 of 71 M/s C.M. Shah v/s 21-12-72 Purshottam B. Shah

5. The letter dated 1-11-72 of the Indian Merchants Chamber to consider appointment of a co-ordinating committee of representatives of different trade organisations for contributions by the business community for relief work in connection with the famine distress in the country was considered. It was resolved to appoint S/shri Laldas Jamnadas, Jayant Amerchand, Vasantlal Champaklal, A.R. Mahadevia and Babubhai H. Gandhi as our representatives in that connection. 6. The application dated 20-11-72 of Shri H.A. Patni typist of our office staff to give him assistance for the expenses incurred by him for medical treatment of his wife and daughter during their illness was considered and it was resolved to give him assistance of Rs.400/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund.

7. The application dated 17-11-72 of our accountant Shri A.B. Desai to give him a loan for the marriage of his sister was considered and it was resolved to give him a loan of Rs.2000/-. 8. The applications for the undermentioned partnership were considered and it was resolved to approve them: Name of the Partnership Name of Partners Date of Partnership firm M/s K.J.Shah & Sons Shri Vasantlal Kantilal Shah 25-10-72 Shri Kirtilal Kantilal Shah M/s M.K. Choksey & Co. Shri Pravin Mangaldas Choksey 7-11-72 Shri Dhirajlal Kalidas Choksey Shri Ramesh Dhirajlal Choksey Shri Kishan Ratilal Choksey

9. The letter dated 31-10-72 of S/Shri Kantilal Mangaldas Parikh and Ramniklal Mangaldas Parikh were read and it was resolved to confirm the permission given to Shri Ramniklal Mangaldas to do business as a Representative Member of Shri Kantilal Mangaldas Parekh. 10. Resolved to give help of Rs.8000/- to Shri M.C. Mehta Smarak Fund from the Stock Exchange Education and Research Services Fund. Further resolved to purchase from M.C. Metha Smarak Fund Debentures of the face value of Rs.35,000/- of the Tata Iron & Steel Co. Ltd., at the rate of Rs.100/- per Rs.100/-. 11. Unanimously resolved that the appointment of Seth Phiroze J. Jeejeebhoy as Chairman of the Exchange should be continued from 1-4-71. Either party can end the aforesaid arrangement by giving a month’s notice. Seth Phiroze J. Jeejeebhoy will be paid remuneration of Rs. 4000/- per month as Chairman and the benefits of Privilege leave, Provident Fund, bonus, gratuity and permanency of employment will continue as at present. Further, resolved that whatever has been done by Seth Jeejeebhoy as Chairman from 1-4-71 till date is approved and confirmed. 12. The application dated 11-11-72 of the near relatives of the late Shri Jamnadas Mulchand Parikh nominating Shri Chinubhai Jamnadas Parikh as a member of the Exchange in the place of the late Shri Jamnadas Mulchand Parikh was considered and after interviewing Shri Chinubhai Janadas Parikh and his recommenders S/Shri Ramesh Jayantilal Patel and Champaklal Jamnadas it was resolved by 14 votes in favour and none against to elect Shri Chinubhai Jamnadas Parikh as a member of the Exchange in the place of the late Shri Jamnadas Mulchand Parikh subject to the Rules and Bye-laws of the Exchange. 13. The application dated 11-11-72 of the near relatives of the late Shri Nanalal Premchand nominating Shri Hasmukh Nanalal Jhaveri as a member of the Exchange in the place of the late Shri Nanalal Premchand was considered and after interviewing Shri Hasmukh Nanalal Jhaveri and his recommenders S/Shri A.R. Jhaveri and Dhirajlal Kalyanji Vora it was resolved by 14 votes in favour and none against to elect Shri Hasmukh Nanalal Jhaveri as a member of the Exchange in the place of the late Shri Nanalal Premchand subject to the Rules and Bye-laws of the Exchange. 14. The application dated 18-8-72 of the near relatives of the late Shri Tribhovandas Gordhandas Damani nominating Shri Mahendrajumar Himatlal Trivedi as a member of the Exchange in the place of the late Shri Tribhovandas Gordhandas Damani was considered and after interviewing Shri Mahendrajumar Himatlal Trivedi and his recommender Shri P.R. Subramanyam it was resolved by 13 votes in favour and one against to elect Shri Mahendrajumar Himatlal Trivedi as a member of the Exchange in the place of the late Shri Tribhovandas Gordhandas Damani subject to the Rules and Bye-laws of the Exchange. 15. Taking into consideration the unsatisfactory performance and condition relating to the structural work of our new building as well as long delay in many other matters it was resolved to discharge the present structural consultants and to make fresh arrangements regarding the present Architects. The President and the Chairman should do as they deem proper about both these problems. 16. In connection with the construction of our new building instead of having four separate firms- two Architects and two Structural Consultants – as at present it was thought to have only one firm for providing the necessary consultancy services for each class of the work for completing it quickly overseeing the construction work. In that connection, after taking into consideration the negotiations and the correspondence with Tata Consulting Engineers, Dalal Consultants and Engineers Pvt.Ltd., Gerzi Eastern Pvt.Ltd., Dubon Engineering Co., and Kundianwala Associates and discussion in that matter it was resolved that Gerzi Eastern Pvt.Ltd., should be appointed as Consulting Engineers and Architects for that work according to the conditions mentioned in their letter dated 28-11-72 and they should be paid remuneration for that at the rate of 3.6% of the cost of construction subject to the ceiling of Rs.9,75,000/- and also for the Technicians fee not exceeding Rs.1,75,000/-. 17. The additional report dated 24-11-72 of Sir Shapurji Broacha Brokers Helping fund Committee dated 24-11-72 was read and it was resolved to approve it. 18. The letter dated 28-10-72 of S/Shri Hasmukh Nanalal Jhaveri, Jasvantlal Nanalal Jhaveri and Miss Saroj Nanalal Jhaveri was considered and it was resolved to give permission to Shri Hasmukh Nanalal Jhaveri to continue the business of the late Shri Nanalal Premchand Jhaveri for three months. 19. The letter dated 18-10-72 of Aluminum Industries Ltd., was read and it was unanimously resolved to strike off its 1966-72 debentures from our list of securities quoted on the Exchange as they have been redeemed. 20. The letter dated 13-9-72 of Poona Industrial Hotel Ltd., was considered and it was resolved that as its equity and preference shares have been sub-divided into shares of Rs.10/- each dealings in those shares should be made in trading lost of 50 shares each. 21. Unanimously resolved that as the undermentioned companies have not still paid the Annual Listing fee for the year 1972 though frequently demanded, their shares should be struck off our list of securities traded on the Exchange from 22-12-72 if they do not pay the said fee by that date: 1 The Apollo Mills Ltd. 7 Laxmiratan Engineering Works Ltd. 2 Afsons Industrial Corporation 8 Shama Forge Co.Ltd. Ltd. 3 Burhanpur Tapti Mills Ltd. 9 South Behar Sugar Mills Ltd. 4 Glass Lined Equipment Co.Ltd. 10 S.B. Joshi & Co.Ltd. 5 The Hindustan Steel Insurance 11 Tiwac Industries Ltd. Co.Ltd. 6 Harvey and Salehapattry Co. Ltd. 12 The Universal Fire & General Insurance Co.Ltd.

22. The listing applications of the undermentioned companies were considered and it was resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-cleared securities quoted on the Exchange and dealings therein should be made in the trading lots mentioned against them: Laxmichand Bhagaji Ltd. Equity 50 shares Steel Complex Ltd. Equity 50 shares Suri and Nayar Ltd. Equity 50 shares Suri and Nayar Ltd. Preference 5 shares Mangalore Chemicals and Fertilisers Ltd. Equity 50 shares Mangalore Chemicals and Fertilisers Ltd. Preference 5 shares Parekh Engineering and Body Building Equity 50 shares Ltd. Parekh Engineering and Body Building Preference 5 shares Ltd.

23. Taking into consideration the letters dated 14-9-72 and 23-11-72 of Shri R.M. Bhandari – Joint Secretary Ministry of Finance, Government of India as well as the letter dated 14-11-72 of Shri N.C. Maitra – Joint Director Stock Exchange Division and keeping in mind the negotiations with both of them it was resolved that in pursuance thereof the necessary changes should be made in the Stock Exchange Rules.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 19-12-72 Tuesday, 19-12-72

A meeting of the Governing Board of the Stock Exchange was held to-day at S.T. 3.00 p.m. under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned Members of the Board were present.

Shri Laldas Jamnadas Shri B.M. Gandhi Shri Phiroze J. Jeejebhoy Shri Mathradas Samaldas Shri Jayant Amerchand Shri Navinchandra C. Kampani Shri Rasiklal Maneklal Shri Vasantlal Champaklal Shri Jaswantlal Chhotalal Shri Bissesarlal N. Khandelwal Shri Vasantlal Jivatlal Shri Ashok G. Fozdar Shri J.R. Motishaw

Government Nominees Shri S. Rajgopalan

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum-right and ex-right transactions in the shares of the concerned companies are confirmed: 1 Supreme Industries Ltd. Notice No:2127/72 dt. 1-12-72 2 Rajasthan Spg. and Wvg., Mills Ltd. Notice No:2184/72 dt.11-12-72 3 Mukund Iron and Steel Works Ltd. Notice No:2234/72 dt. 18-12-72

2. RESOLVED THAT the notices mentioned against the names of the undermentioned companies regarding permissibility of delivery of their new shares against their old shares are confirmed: 1 New India Fertilisers Ltd. Notice No:2148/72 dt.5-12-72 2 Shree Synthetics Ltd. Notice No:2160/72 dt.7-12-72 3 Golden Tobacco Ltd. Notice No:2180/72 dt. 11-12-72

3. Resolved that the undermentioned notices are confirmed: 1. Notice No:2092/72 dated 28-11-72 regarding buyers tickets programme. 2. Notice No: 2149/72 dated 5-12-72 regarding settlement of transactions in shares which are settled by red and black forms 6-A and 7-A. 3. Notice No:2165/72 dated 7-12-72 regarding permission given for dealing in Letters of Renunciation.

4. Resolved that in the undermentioned Arbitration References between members and non-members the time for giving the award is extended as mentioned against the respective Arbitration References: Sr. Arbitration Name of the parties The date upto which the No: Reference No: time for giving the award extended upto: 1 16 of 71 Harishchandra Gutt & Co., v/s 29-12-72 M/s H.P. Mehta & Co. 2 14 of 70 Ishwarlal Manordas Shah v/s 30-12-72 Suresh F. Gunderia 3 23 of 67 M/s Hill and Rock v/s M/s J.R. 1-1-73 Motishaw & Co. 4 41 of 68 Chandulal Chunilal & Co. v/s 4-1-73 Madanlal Poddar 5 24 of 68 M/s Harishchandra Gutt & Co. 4-1-73 v/s Bishan Chandra Gupta 6 1 of 72 Mrs. Chandra I. Mirchandani 6-1-73 v/s Tikamdas H. Eidnani 7 12 of 71 Durgashanker Udayram 7-1-73 Shukla v/s Shantilal Nagindas Mehta 8 2 of 72 G.R. Mansukhani v/s 7-1-73 Tikamadas H. Eidnani 9 N61 of 61 Vijaykumar Vishwambharlal 7-1-73 Ruiya v/s M/s S.R. Dalmia 10 8 of 68 1. Smt. Shantadevi Basudev 7-1-73 2. Shri Parmeshwar Basudev 3. Miss Sumanlat Basudev 4. Miss Kusumlata Basudev (minor) Heirs and legal representative of the late Shri Basudev Narayandas v/s 1. Bissessarlal Dayal Mittal, Proprietor of M/s Mukutlal Bissesar Dayal 2. Jaigopal Bansilal Ozha 11 N53 of 63 Kantilal Jivanlal Vakharia v/s 10-1-73 Chimanlal Manilal Gheewala 12 10 of 71 A.R. Kotwal v/s M/s 11-1-73 B.M.Choksey & Co. 13 35 of 67 Kantilal Amthalal Shah v/s 13-1-73 Harichand Maheshwari 14 20 of 66 Joyuntilal Koticha v/s Arvind 17-1-73 Nyalchand Shah 15 13 of 71 Jamnadas Mulchand Parikh 17-1-73 v/s Bhagwandas Dhanji 16 24 of 67 Madhusudan Narandas Patel 18-1-73 v/s M/s J.R. Motishaw & Co. 17 25 of 67 Mrs. Hansa Rasiklal Patel v/s 18-1-73 M/s J.R. Motishaw & Co.

5. Resolved that in the Arbitration References between members and non-members appointment of Arbitrators should be made as follows: Ref. No: Name of parties Name of the Name of the Party on Arbitrator whose behalf Arbitrators is appointed 1 18 of 72 M/s B.M. choksey & Co v/s Express Jitendra Express Newspapers Pvt. Newspapers Chamaklal Ltd. Pvt. Ltd. Mashruwalal 2 19 of 72 Kantilal Ranchhodas v/s M/s B.M. Jitendra M/s B.M. Choksey & Co. Choksey & Chamaklal Co. Mashruwalal 3 21 of 72 Gaurishankar B. Churiwala D.D. Advani Jayantilal v/s D.D. Advani Mansukhlal Dalal 4 22 of 72 Gaurishankar B. Churiwala Bhagwandas Jayantilal v/s Bhagwandas Durgadas Durgadas Mansukhlal Advani Advani Dalal 5 23 of 72 Gaurishankar B. Churiwala Smt. Putlibai Jayantilal v/s Smt. Putlibai Durgadas Durgadas Mansukhlal Dalal 6 24 of 72 M/s G.K. Fozdar v/s Rajendra B. Rasiklal Rajendra B. Varnia Varnia Sarabhai Jhaveri 6. Resolved that on Friday 22-12-72 our market should be kept open from 12 to 1.30 pm. for doing business.

7. Resolved that a safe custody account No:12 in the name of the Stock Exchange be opened with Bank of India and be operated on jointly by the President Shri Laldas Jamnadas, or the Chairman Shri P.J. Jeejeebhoy or the Vice-President Shri Jayant Amerchand or the Hon. Treasurer Shri Mathradas Samaldas and by any one of the following eight members of the Governing Board, namely Shri Gordandas Bhagwandas, Shri Rasiklal Maneklal, Shri Vasantlal Champaklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, shri Vasantlal Kantilal Shah, Shri B.M. Gandhi and Shri A.R. Mahadevia and be countersigned by the Secretary Shri A.J. Shah. 8. The application for loan dated 19-12-72 of Shri C.N. Sanghvi of our office staff was considered and it was resolved to give him a loan of Rs.500/-. 9. The application dated 14-12-72 of Shri V.T. Manjrekar of our office staff to give him assistance for medical treatment expenses due to typhoid was considered and it was resolved to give him assistance of Rs. 280/- from Shri M.C. Mehta Smarak Fund. 10. The letter dated 12-12-72 of Bai Maniben Laxmidas, Shri H.L. Shah, Miss Usha L. Shah and others was considered and it was resolved to approve the permission given to Shri Harkisondas Laxmidas to continue the business of the late Shri Laxmidas Lilladher Shah for three months. 11. The correspondence with Shri Chiranjilal S. goenka relating to the complaint of Shri Jayantilal Gordhandas Shah was read and his clarification in respect thereof was listened. 12. The letter dated 7-12-72 of the Institute for Financial Management and Research was considered and it was resolved to give it our co-operation for the course in Investment Banking and Portfolio Management which they want to arrange in Bombay jointly with us but should make a suggestion for fixing a fee of Rs.750/- for the course. 13. The letters dated 7-12-72 of M/s Kasturchand Sarupchand and Shri Jayantilal Nanalal Jariwala were read and it was resolved to confirm the permission given to Shri Jayantilal Nanalal Jariwala to do business as a Representative Member of M/s Kasturchand Sarupchand. 14. The letter dated 5-12-72 of the All India Bank Depositors’ Association was considered and it was resolved to write to them that as long as it is not decided to make functioning as Finance broker illegal except of the members of the Stock Exchange, no useful purpose will be served by making an amendment in the Securities Contracts (Regulation)Act as suggested by them. 15. Resolved that subject to the approval of the Central Government the following amendments be and are hereby made in the Rules contained in the Stock Exchange Rules, Bye-laws and Regulations, 1957: At the end of Rule 96, the following proviso shall be added, namely: “Provided that when the present incumbent ceases to hold office as Chairman the Governing Board shall appoint a Whole time Executive Director, the terms of his appointment and his removal or dismissal from office shall be subject to the previous approval of the Central Government. The person appointed as Executive Director shall not engage himself in any business directly or indirectly during his tenure of office and if he is a member of the Exchange at the time of appointment he shall resign his membership forthwith. Subject to the overall management of the affairs of the Exchange being vested in the Governing Board as provided in these Rules, Bye-laws and Regulations the Executive Director shall be vested with the executive powers of the Exchange to run the day-to-day administration and to enforce the Rules, bye-laws and Regulations of the Exchange and to represent the Exchange in any public matter and to exercise all other powers, rights, duties and functions as are vested in the Chairman under the Rules, Bye-laws and Regulations of the Exchange and as may be entrusted or delegated to him by the Governing Board from time to time.” For Rule 154(b) the following shall be substituted, namely: “Absence of Inability to Act” (b) In the absence of the Chairman / Executive Director or in the event of his inability to act his functions and powers shall be exercised by the senior available officer of the Exchange under the directions of the Governing Board.

16. Resolved that as the General Insurance Company is being nationalized with effect from 1-1-73 the shares of the General Insurance Company which are listed on the Exchange should be struck off our list of securities traded on the Exchange with effect from the aforesaid date. 17. The letter dated 17-11-72 of Camphor and Allied Products Ltd., was read and it was resolved that as their 9.23% cumulative redeemable preference shares are to be redeemed from 31-12-72 they should be struck off our list of securities quoted on the Exchange with effect from that date. 18. The letter dated 12-12-72 of Shama Forge Co.Ltd., was read and it was resolved that they should be given extension of time upto 2-2-73 for paying the Annual Listing Fee for the year 1972 and if they fail to pay that fee by that date, their shares should be struck off the list of securities quoted on our Exchange. 19. Resolved that a sum of Rs.1,00,000/- be given to the Stock Exchange Foundation which has been approved under section 35(1) (2) of the Income Tax Act. 20. Resolved that a sum of Rs. 1,60,000/- should be given to the Stock Exchange Foundation from the Stock Exchange Education and Research Services Fund. 21. The appeal of Shri Pankaj Ishwarlal Kapadia against the decision of the Full bench of the Arbitration Committee in the dispute between S/Shri Pankaj Ishwarlal Kapadia and Gordhandas Bhagwandas was heard. After understanding what both the parties had to say, it was resolved to upheld the decision of the Full Bench of the Arbitration Committee. 22. Resolved that the shares of the Azam Jahi Mills Ltd., and Changdev Sugar Mills Ltd., Rohidi are in the list of cleared securities should instead be placed in the Non-Cleared securities. 23. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm their admission of their securities mentioned against their names to our list of securities traded on the Exchange: The Aluminum Corporation of India Ltd. Bonus equity The Surat Electricity Co.Ltd. 4193 New equity The Khaitan Makanji Spg. & Wvg., Co.Ltd. Bonus equity Supreme Industries Ltd. Bonus equity Bhartiya Electric Steel Co.Ltd. New equity Antifriction Bearing Corporation Ltd. New equity The Western India Plywoods Ltd. New equity Tubes and Malleables Ltd. New equity Jagagit Industries Ltd. Bonus equity The Gaikwad Mills Ltd. Bonus equity 24. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and the other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities traded on the Exchange and dealings in those securities should be made in the trading lots mentioned against them: Indo-National Ltd. Equity 50 shares Gujarat Automotive Gears Ltd. Equity 50 shares Sakamari Steel and Alloys Ltd. Equity 50 shares Sakamari Steel and Alloys Ltd. Preference 5 shares Bharat Gears Ltd. Equity 50 shares Bharat Gears Ltd. Preference 5 shares Seven Seas Transportation Ltd. Equity 50 shares Seven Seas Transportation Ltd. Preference 5 shares Kothari Sugars and Chemicals Ltd. New Equity 50 shares 3/4% Industrial Finance Corporation of India Ltd. 5 Bonds 50 shares

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Dt: 20-2-73

Tuesday, Dt. 20.02.1973

A meeting of the Governing board of the Stock Exchange was held today at S.T. 3.00 P.M. under the Chairmanship of Seth Laldas Jamnadas, wherein the under mentioned members of the Board were present:

Seth Laldas Jamnadas Seth J. R. Motishaw Seth Phiroze Jeejeebhoy Seth Vasantlal Kantilal Shah Seth Jayant Amerchand Seth Babubhai Maganlal Gandhi Seth Rasiklal Kantilal Seth Mathradas Samaldas Seth Jasvantlal Chhotalal Seth Navinchandra C. Kampani Seth Hiralal Girdharlal Seth Vasantlal Champaklal Seth Gordhandas bhagwandas Seth Bissesarlal Khandelwal Seth Vasantlal Jivatlal Seth Ashok Girdharilal Fozdar

The following business was transacted in the meeting

1. Resolved that the notices regarding Cum-right and Ex-right transactions in the shares of the under mentioned companies mentioned against there names are confirmed:

1 Greaves Cotton and Co. Ltd. Notice No. 2247/72 dated 20.12.72 2 Tube Suppliers Ltd. Notice No. 24/73 dated 3.1.73 3 Dharngadhra Chemicals Works Ltd. Notice No. 121/73 dated 23.1.73 4 Zandu Pharmaceutical Works Ltd. Notice No. 160/73 dated 31.1.73 5 Caira Can Co. Ltd. Notice No. 169/73 dated 5.2.73

2. Resolved that the notices giving permissions for dealing in Letters of Renunciation of the new shares mentioned against the name of the under mentioned Companies are conformed:

1 Kamani Engineering Corporation Ltd. Notice No. 2245/73 dated 20.12.73 2 Graphite India Ltd. Notice No. 2284/72 dated 28.1.72 3 Supreme Industries Ltd. Notice No. 14/73 dated 2.1.73 4 Andra Pradesh Papers Mills Ltd. Notice No. 5/73 dated 2.1.73 5 Tube Suppliers Ltd. Notice No. 197/73 dated 10.2.73

1

3. Resolved that the under mentioned Notices are confirmed (1.) Regarding settlement of shares which are settled by red-black focus 6A and 7A Notice no. 2249/72 dated 20.12.72, No. 200/73 dated 3.1.73 No. 93/73 dated 17.1.73 No. 153/73 dated 30.1.73 and No. 222/73 dated 13.2.73 (2.) Notice No. 69/73 dated 11.1.73 regarding transactions in the shares of Vardhaman Spg. and General Mills Ltd. (3.) Notice No. 92/73 dated 12.1.73 regarding stopping of business in the shares of Shree Bhavani Cotton Mills Ltd. (4.) Regarding special settlement of hand delivery transaction Notice no. 132/73 dated 24.1.73 No. 149/73 dated 29.1.73, No. 176/73 dated 5.2.73, No. 225/73 dated dated 15.2.73 and No. 248/73 dated 19.2.73 (5.) Notice no. 210/73 dated 10.2.73 regarding change in the buyers Tickets programme.

4. The application of the under mentioned institutions for giving them help were considered and it was resolved to give help to each of them from Associations funds as mentioned below against their respective names: The Bombay Dumb and Deaf Institution Rs.101/- The Poona School and Home for the blind Rs.101/- Society for rehabilitation of the Crippled Children Rs.251/- Shri Punsari Kelavani Mandal Rs.1001/- Falode Dharmada Seva Samiti Goshala Rs.501/-

5. The application of the undermentioned institutions were considered and it was resolved that no assistance can be given to them;

(1.) Mayor’s Fund Committee (2.) Sabarkantha Education Society (3.) Shree Kuchchhi oswal Jath Sujapur Mahajan, Mumbai

6. The application for loans of our sepoys Shantaram Narayan and Tukaram Bhikaji were considered and it was resolved to give each of them a loan of Rs.1,000/- 7. The application dated 25.1.73 of Shri S. M. Davda of our office of giving him an assistance of the B.com examination fee of Rs.63/- was considered and it was

2 resolved to give him assistance of Rs.63/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 8. The application dated 2.1.73 of Bai Kamalabai, wife of our late watchman Bhatt Chhogalal Pareshwar was considered and it was resolved to pay her Rs.5733/25 being the same of the late Shri Chhogalal Pareshwar’s Provident Fund amount and Gratuity. 9. The applications of Shri V. K. Maloo, mother of the late Shri V. S. Sakaram of our office to pay her the money due by us to the late Shri V. S. Sakaram and also to give her help were considered and it was resolved to pay her Rs. 2360/- being the same of the Provident Fund amount due to the late Shri V. S. Sakaram and the Gratuity to be paid to him by us and also to give her help of Rs.1000/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 10. Resolved that as Wednesday, 28.2.73 is the day for presenting the Budget of the Central Government,on that day our market will remain open as usual from 12.00 to 2.00 and in the evening for one hour after the Budget proposals have been presented. 11. Resolved that Thursday, 22.3.73 should be fixed as the day for election of the Governing Board for the year 1973-74. 12. The letter dated 18.1.73 of Shri Sohanlal Badriprasad, about authorizing his wife Smt. Rupandevi Sohanlal Mishra to dispose of his member rights after his demise instead of his son Shri Umashankar Sohanlal was considered and it was resolved to tell him to make a will to that effect. 13. The letter dated 14.12.72 of the Bombay Shareholders Association for directing the Companies to issued refund orders of share application moneys of less then Rs.1000/-, by “crossed order” cheques instead of “payers A/c” cheques were considered and it was resolved that it does not appear to be advisable to interfere in the matter. 14. The application of the near relatives of the late Shri Homi Cursetji Palia nominating Shri Nitinkumar Manilal Shah as a member of the Exchange in the place of the late Shri Homi Cursetji Palia was considered and after interviewing Shri Nitinkumar Manilal Shah and his recommenders S/Shir Champaklal Jamnadas and V. D. Vakil it was resolved by 14 votes in favour and none against to elect Shri Nitinkumar Manilal Shah as a member of the Exchange in the place of the late Shri Homi Cursetji Palia, subject to the Rules and Bye-laws of the Exchange. 15. The application dated 1.1.73 of the near relatives of the late Shri Hemchand Amerchand nominating Shri Nemchand Hemchand as a member of the Exchange

3 in the place of the late Shri Hemchand Amerchand was considered and after interviewing Shri Nemchand Hemchand and his recommender Shri Mohanlal Sakarchand and it was resolved by 14 votes in favour and none against to elect Shri Nemchand Hemchand as a member of the Exchange in the place of the late Shri Hemchand Amerchand, subject to the Rules and Regulations of the Exchange. Shri Jasvantlal Chhotalal came and joined the meeting at this point of time.

16. The application dated 28.12.72 of the near relatives of the late Shri Laxmidas Liladhar Shah nominating Shri Harkishan Laxmidas Shah as a member of the Exchange in the place of the late Shri Laxmidas Liladhar Shah was considered and after interviewing Shri Harkishan Liladhar and his recommenders S/Shri Harjivan Desabhai and R. R. Shah it was resolved by 15 votes in favour and non against to elect Shri Harkishan Laxmidas Shah as a member of the Exchange, subject to the Rules and Regulations of the Exchange. 17. The application dated 7.12.72 of Shri Kasturchand Sarupchand nominating Shri Vidyutkumar Devendrakumar as a member of the Exchange was considered and after interviewing S/Shi Vidyut Devendrakumar and his recommenders S/Shri Champak Jamnadas and Kantilal Chhaganlal it was resolved by 14 votes in favour and one against to elect Shri Vidyut Devendrakumar as a member of the Exchange, subject to the Rules and Regulations of the Exchange on condition that he should give an additional membership security deposit of Rs.1,00,000/- for a period of two years. 18. The additional Report dated 8.1.73 and the Report dated 2.2.73 of Sir Shapurji Broacha Brokers helping Fund were read and it was resolved to approve the same. 19. The letter dated 15.2.73 of Padamji Pulp and Paper Mills Ltd. was read and it was resolved that as the equity shares of the company have been sub-divided into shares of Rs.10/- each dealing in those shares should now be done in lots of 50 shares each. 20. The letter dated 17.12.72 of Prestolite of India Ltd. for re-admissions of its shares to our list of securities traded on the Exchange was considered and it was resolved that, if the company pays the Initial Listing Fee of Rs.1000/- and the Annual Listing fee of Rs.600/- for the per year 1973, the shares of the company should be re-admitted to our list of securities traded on the Exchange. 21. The listing applications of the under mentioned companies were considered and it was unanimously resolved to confirm the approval given for inclusion of their

4 securities mentioned against their respective names in the list of securities traded on the Exchange.

The Motor and General Finance Ltd. Bonus Equity The Motor and General Finance Ltd. 10% second preference shares The New India Industries Ltd. Bonus Equity Allbright Morarji and Pandit Ltd. Bonus Equity Silvania and Laxman Ltd. New Equity Voltas Ltd. New Equity Unichem Laboratories Ltd. Bonus Equity Indian Aluminum Co. Ltd. Bonus Equity The Century Spg. and Mfg. Co. Ltd. Bonus Equity

22. The listing application of the under mentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their names should be placed in our list of non-cleared securities traded on the Exchange and their trading should be done in the trading lots specified against them.

Rainbow Steels Ltd. Equity – 50 shares Rainbow Steel Ltd. Preference – 5 Shares Hindusthan Breweies and Bottling Ltd. Equity – 50 Shares Globe Steering Ltd. Equity – 50 Shares Lakhanpal National Ltd. Equity – 50 Shares S. I. F. Steels Ltd. Equity – 50 Shares Excel Glasses Ltd. Equity – 50 Shares Rathi Alloys Ltd. Equity – 50 Shares G. K. Hotels Ltd. Equity – 50 Shares G. K. Hotels Ltd. Preference – 5 Shares Shivmani Steel Tubes Ltd. Equity – 50 Shares Shivmani Steel Tubes Ltd. Preference -50 Shares Bhelai Wires Ltd. Equity – 50 Shares Western Mine Steel Ltd. Equity – 50 Shares Regal papers Ltd. Equity – 50 Shares Regal Papers Ltd. Preference – 5 Shares

5 Haryana Coated Papers Ltd. Equity – 50 Shares Haryana Coated Papers Ltd. Preference – 5 Shares East – West Hotels Ltd. Equity – 50 Shares East – West Hotels Ltd. Preference – 5 Shares The Oudh Sugar Mills Ltd. 9.5 % Redeemable preference Shares – 5 Shares

23. The letter dated 30.1.73 of Industrial Finance Corporation of India was considered and it was resolved that from the year 1973, Government Companies established by special statute should be charge only half of the Annual scheduled fees. 24. Resolved that in supersession of the amendments to the Rules 98 and 154(b) submitted to the Central Government for approval the following amendment be and are hereby made subject to the approval of the Central Government in the Rules contained in the Stock Exchange Rule, Bye-laws and Regulations 1957,

At the end of the Rule 98, the following proviso is added, namely:

“Provided that when the Central Government so desires the Governing Board shall appoint a whole-time Executive Director and the appointment of such Executive Director, the terms of his appointment and his removal or dismissal from office shall be subject to the previous approval of the central Government. The persons appointed as Executive Director shall not engage himself in any business directly or indirectly during his tenure of office and if he is a member of the Exchange at the time of appointment he shall rising his membership forthwith. The Executive Director shall be an ex-office member of the Governing Board and of any committee appointed by the Governing Board of the Exchange. Subject to the over-all management of the affairs of the Stock Exchange being vested in the Governing board as provided in these Rules, Bye-laws and Regulations the Executive Director shall be vested with the executive power of the Exchange to run the day-to-day administration and to enforce the Rules, Bye- laws and Regulations of the Exchange and to represent the Exchange in any public matter and to exercise all other power, rights, duties and functions as are vested in the Chairman under the Rules, Bye-laws and Regulations of the Exchange and as may be entrusted or delegates to him by the Governing Board from time to time.”

6 For the Rule 154(b) the following shall substituted, namely

“Absence or Inability to Act (b) In the absence of the Chairman/Executive Director or in the event of his inability to act his functions and power shall be exercised by the senior available officer of the Exchange under the directions of the Governing Board.”

Sd/- Sd/- A. J. Shah Laldas Jamnadas Secretary President

13.03.73

7 Tuesday, 13-3-1973

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 p.m. under the Chairmanship of Seth Laldas Jamnadas, wherein the under mentioned members of the Board were present:

Seth Laldas Jamnadas Seth J.R. Motishaw Seth Phiroze Jeejeebhoy Seth Vasantlal K. Shah Seth Rasiklal Maneklal Seth B.M. Gandhi Seth Jayant Amerchand Seth Mathradas Samaldas Seth Hiralal Girdharlal Seth Navinchandra Chhaganlal Kampani Seth Gordhandas Bhagwandas Seth Vasantlal Champaklal Seth Vasantlal Jivatlal Seth Biseswarlal N. Khandelwal Seth Ashok Girdharlal Fozdar

Government Nominee Shri S. Rajagopalan

The following business was transacted in the meeting:

1 At the start of the meeting, the President mentioned that as Seth Gordhandas Bhagwandas did not stand for election to the Board this time because of reasons of age and health, it will be a great loss to the Board. He thanked Seth Gordhandas Bhagwandas for the valuable services rendered to the Exchange and for the support and co-operation given by him to the Board continuously for a period of 27 years as a member of the Governing Board. He also expressed hope that he will continue to give in future the benefit of his long experience and valuable advice and guidance. 2 Resolved that the notices mentioned against the names of the undermentioned companies regarding cum right and ex-right transactions of their shares should be confirmed: 1. Bajaj Auto Ltd. Notice No:311/73 dated 27-2-73 2. Bajaj Tempo Ltd. Notice No:335/73 dated 27-2-73 3. The Bombay Burmah Trading Corporation Ltd. Notice No:355/73 dated 2-3-73.

1

3 Resolved that the undermentioned notices should be confirmed: 1. The Notice No:294/73 dated 24-2-73 for not doing business in the shares of Bharat Live Ltd. 2. The Notice No: 305/73 for resuming business in the shares of Shri Bhavani Cotton Mills Ltd. 3. The Notice No: 385/73 dated 8-3-73 giving permission for doing business in Letters of Renunciation of the new equity shares of the Zandu Pharmaceuticals Works Ltd. 4 The application dated 12-3-73 of S/Shri Rasiklal Sarabhai Jhaveri, Arunbhai Sarabhai, Sarabhai Jhaveri and Pradip Rasiklal Jhaveri was considered and it was resolved to approve their partnership under the firm name of M/s S.D. Jhaveri with effect from 1-4-73. 5. The applications for loans of the undermentioned persons of our office shatff were considered and it was resolved to give them loans of the amounts mentioned against their respective names: Shanker Ratnogi Rs.2000/- Jayram Bhikaji Rs.700/- Sahadev Ganpat Rs.1000/-

6 The application dated 9-2-73 of Shri Phiroz Dorab Bilimoria nominating Shri Bhupendra Champaklal Dalal as a member of the Exchange in his own place was considered and after interviewing Shri Bhupendra Champaklal Dalal and his recommenders S/Shri S.B. Sirali and Navalchand T. Shah it was resolved by 14 votes in favour and none against to elect Shri Bhupendra Champaklal Dalal as a member of the Exchange in the place of Shri Phiroz Dorab Bilimoria, subject to the Rules and Regulations of the Exchange. 7 The letters dated 16-10-72 and 5-3-73 of Shri Bhagwat Gupta regarding withdrawal of his application for membership of the Exchange was considered and it was resolved to give him permission to withdraw his aforesaid application. 8 The listing applications of the undermentioned companies were considered and it was unanimously resolved to approve admission of their securities traded on the Exchange.

2 The Motor and General Finance Ltd. Redeemable Second Pref. shares Mukand Iron and Steel Works Ltd. Bonus Equity Bayer India Ltd. Bonus Equity The New Sharrock Spg. & Mfg. Co.Ltd. .. 4020 new equity shares allotted to the shareholders of M.G. Investment and Industrial Co. Ltd.

9 The letter dated 14-2-73 of M.G. Investment and Industrial Co. Ltd., was read and it was unanimously resolved that as it has been merged with the New Sharock Spinning and Weaving Co. Ltd., its shares should be removed from our list of securities traded on the Exchange.

10 The letter dated 6-1-73 of Indo American Electricals Limited was read and it was resolved that as its 9.3% Redeemable Cumulative Preference shares are to be redeemed on 31-3-73 those shares should be removed from out list of securities traded on the Exchange with effect from that date. 11 Resolved that a sum of Rs.25000/- should be given to the Stock Exchange Foundation from the Stock Exchange Education and Research Services Fund. 12 Resolved that contributions of Rs. 3000/- from the Relief Fund and Rs. 2000/- from Dharmada Fund should be made to the Chief Ministers Fund.

sd/- sd/- A.J Shah Laldas Jamnadas Secretary President

Date: 5-5-73

3 Saturday, 5-5-73

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 2.30 p.m. in the beginning under the Chairmanship of Seth Laldas Jamnadas and thereafter under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth Vasantlal K. Shah Seth Phiroze Jeejeebhoy Seth Babubhai Maganlal Gandhi Seth Jayant Amerchand Seth Mathradas Samaldas Seth Rasiklal Maneklal Seth Navinchandra Chhaganlal Kampani Seth Jaswantlal Chhotalal Seth Vasantlal Champaklal Seth Hiralal Girdharlal Seth Biseswarlal N. Khandelwal Seth Gordhandas Bhagwandas Seth Ashokkumar G. Fozdar Seth Vasantlal Jivatlal Seth Chhotalal Devchand Seth J.R. Motishaw

Government Nominee Shri S. Rajagopalan Shri M.R. Mayya, Dy.Director Stock Exchange Division was present by invitation.

The following business was transacted in the meeting:

1 Proposed by Seth Rasiklal Maneklal and seconded by Seth Vasantlal Champaklal, Seth Laldas Jamnadas was elected as a President of to-day’s meeting. Seth Laldas Jamadas mentioned that in the place of Shri M.N. Deshmukh, Dy. Director, Stock Exchange Division at Bombay, Shri M.R. Mayya has been appointed. He welcomed Shri M.R. Mayya and expressed hope that full support and co-operation will continue to be available from Shri M.R. Mayya too as from his preceding Deputy Director. He congratulated and welcomed Shri Chhotalal Devchand on behalf of all the members of the Board for being elected as a member of the Board. 2 Proposed by Seth Laldas Jamnadas and supported by Seth J.R. Motishaw unanimously resolved to elect Shri Jayant Amerchand as the President. Seth Laldas Jamnadas while handling over the Chairmanship to Seth Jayant Amerchand congratulated Shri Jayant Amerchand and wished him success on behalf of all the members of the Board.

1 Seth Jayant Amerchand thanked all the members of the Board for the trust reposed in him and took over as Chairman of the meeting. He made mention of the valuable services rendered by Seth Laldas Jamnadas during his Presidentship and lately for the efforts made by him inspite of his weak health. He expressed that he will continue to receive the necessary support and co-operation from everybody discharging his duties to the Association. 3 Proposed by Shri Rasiklal Maneklal and supported by Shri J.R. Motishaw it was unanimously resolved to elect Shri Mathradas Samaldas as the Vice-President. 4 Proposed by Seth Jayant Amerchand and supported by Seth Rasiklal Maneklal unanimously resolved to elect Seth Vasantlal Champaklal as the Hon. Treasurer. 5 Resolved to appoint the “Sir Shapurji Broacha Brokers’ Helping Fund Committee” consisting of S/Shri J.R. Motishaw, Mathradas Samaldas, Vasantlal Champaklal and Dhirajlal Maganlal. 6 Resolved that the undermentioned members be appointed as members of the Arbitration Committee for the year 1973-74: 1 Seth Kekin N. Chenoy 9 Seth Jayendra D. Mehta

2 Seth Jayantilal M. Dalal 10 Seth H.N. Sonawala

3 Seth Champaklal Babubhai Marfatia 11 Seth D.V. Shual

4 Seth M.L. Kaji 12 Seth Hariram Dwarkadas

5 Seth L.N. Kapadia 13 Seth Bhagubhai Amthalal Gandhi

6 Seth S.M. Shah 14 Seth Rasiklal S. Jhaveri

7 Seth Nagindas Trambaklal Parekh 15 Seth Govindbhai G. Desai

8 Seth V.K. Nanavati 16 Seth Jitendra Champaklal Mashruwala

7 Resolved to appoint the Defaulters’ Committee for the year 1973-74 consisting of the undermentioned members:

1 Seth J.R. Motishaw 4 Seth Kekin N. Chinoy 2 Seth Vasantlal Champaklal 5 Seth Jayayantilal Mansukhlal Dalal 3 Seth Vasantlal Kantilal Shah 6 Seth Rasiklal S. Jhaveri

8 Resolved to appoint a Building Committee consisting of Seth Mathradas Samaldas, Seth J.R. Motishaw, Seth Rasiklal Maneklal, Seth Laldas Jamnadas, Seth Vasantlal Kantilal Shah, Seth Jasvantlal Chhotalal and Seth Gordhandas Bhagwandas.

2 9 Resolved that cheques be signed by the President,Shri Jayant Amerchand, or the Chairman, Shri. P. J. Jeejeebhoy, or the Vice President, Shri Mathradas Samaldas, or the Hon. Treasurer, Shri Vasantlal Champaklal and by any one of the following seven members of the Governing Board, namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Shri Hiralal Girdharilal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Shri A. J. Shah.

10 Resolved that the various Current Accounts and Safe Custody Accounts of the Exchange with Bank of India be operated on jointly by the President, Shri Jayant Amerchand or the Chairmen Shri P. J. Jeejeebhoy, or the Vice President, Shri Mathradas Samaldas, or the Hon. Treasurer, Shri Vasantlal Chhotalal and by any one of the following seven members of the Governing Board, namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah.

11 Resolved that the Current Accounts and Safe Custody Accounts with Bank of India in the name of the Stock Exchange Staff Provident Fund and the Stock Exchange Staff Gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being or the survivors or survivor of them or jointly by the Hon. Treasurer, Shri Vasantlal Chanpaklal and by any one of the following seven members of the Governing Board, namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B. M. Gandhi, Shri Vasant Kantilal Shah, Shri Jasvant Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah.

12 Resolved that the Chairmen Shri P. J. Jeejeebhoy, the Secretary Shri A. J. Shah and the follwing Officers of the Exchange namely, Shri S. N. Karaka, Shri M. D. Vyas and Shri Nariman N. Dubash be and they are hereby authorized jointly and/ or severally to institute and prosecute any legal proceeding in any Court of Law having Jurisdiction relating and/ or pertaining to any of the properties belonging to The Stock Exchange, Bombay ( hereinafter refered to as ‘ the Exchange’) and/ or any activities of the Exchange in any manner whatsoever against any person or persons of group of persons and / or and Union and/ or Association and /or its office-bearers and/ or representative and / or employee and / or servant and/ or agents (hereinafter referred to as “the said third party”) inter alia to prevent.

3

(a.) Any trespass in or upon any of the properties belonging to the Exchange by the said third party for nay purpose whatsoever; (b.) Any crowding collecting and / or assembling in any meeting at or within or around any of the properties belonging to the Exchange; (c.) Any demonstration, picketing, nuisance, harassment, threats, intimidation, violence and/or injury by the said third party at or within or around any of the properties belonging to the Exchange; (d.) Any shouting of slogans and/or abuses adversely affecting the business and reputation of the Exchange and / or of any office bearers, officers, employees, or members of the Exchange; (e.) Any display or putting up of nay boards, notices, placards, pamphlets, photographs, banners, writing and or any articles at or within or around any of the properties of the Exchange; and /or (f.) Any obstruction, interference and / or hindrance to the working of the Exchange and the business of its members in any manner whatsoever;

and for the said purposes to engage Solicitors, Lawyers, Counsel and / or legal practitioners and to sign warrants of authority and / or Vakalatnama in favour of any such Solicitors, Lawyers, Counsel or legal practitioners and also to sign, affirm and / or declare any plaint, affidavit, application, writing, statement, complaint and / or appeal for and on behalf of the Exchange and to compromise, settle and / or refer to arbitration and such dispute and / or legal proceedings in the manner deemed fit and proper jointly and / or severally by the said Shri. P. J. Jeejeebhoy, Shri A. J. Shah, Shri S. N. Karaka, Shri M. D. Vyas and Shri Nariman N. Dubash.

13 Resolved to confirm the notices regarding cum right and ex-right transactions of the shares of the undermentioned companies:

i. The East India Hotels Ltd. … Notice No:415/73 dated 14-3-73. ii. Associated Stone Industries (Kota) Ltd. … Notice No:499/73 dated 17-3-73 iii. The West Coast Paper Mills Ltd. … Notice No:688/73 dated 23-4-73 iv. Motor Industries Co.Ltd. … Notice No: 773/73 dated 4-5-73.

14 Resolved that the undermentioned Notices be confirmed: 1 Notice No:436/73 dated 20-3-73 relating to grant of permission to do

4 business in the coupons of bonus shares of Bajaj Auto Ltd. 2 Notice No:675/73 dated 23-4-73 regarding transactions in Re. 1/- paid up shares of Bharat Live Ltd. 3 Notice No:753/73 dated 2-5-73 relating to grant of permission for doing business in the Letters of Renunciation of the new equity shares of the East India Hotels Ltd. 4 Notice No:758/73 dated 2-5-73 regarding continuation of cum dividend transactions in the shares of Premier Construction Co. Ltd. 5 Notice No:490/73 dated 26-3-73 regarding eligibility of new equity shares of the Bombay Electric Supply Co.Ltd., against its old equity shares. 6 Notice No:552/73 dated 2-4-73 regarding eligibility of new equity shares of Swadeshi Polytex Ltd., against its old equity shares.

15 Governments letter dated 25-4-73 about withdrawal of the nomination of Shri M.N. Deshmukh, former Dy.Director of the Stock Exchange Division on the Governind Board of the Exchange as he has been transferred was read and noted.

16 Resolved that recommendation should be made to the General Body to appoint Shri Jayant Amerchand as a Trustee of the Exchange in the vacancy caused by the demise of Seth K.R.P. Shroff.

17 The letter dated 11-4-73 of S/Shri Nandkishore Ramchandra Agarwal and Brijmohan Agarwal were read and it was resolved to confirm the permission given to Shri Brijmohan Sagarmal to do business as a Representative Member of Shri Nandkishore Ramchandra Agarwal.

18 The letter dated 5-4-1973 of S/Shri Kaikhushru Merwanji Kheshwala, Manek Hormasji Byramji ad Vinayak Bhikaji Desai was read and it was noted that Shri Vinayak Bhikaji had separated from the partnership firm of M/s Lewis & Jones with effect from 1-4-73.

19 The applications for the undermentioned partnerships were considered and approved:

5 Name of the Partnership firm Name of Partners Date of Partnership

M/s Kothari & Co. Shri Laxmidas Thakersey Kothari 13-4-73 Shri Kaushik Laxmidas Kothari M/s Champaklal Jamnadas & Shri Champaklal Jamnadas Shah 5-5-73 Co. Shri Subodh Champaklal Shah Shri Ashok Champaklal Shahh

20 The Board approved the arrangements made by Gerzi Eastern Ltd., with M/s Hadkar, Prabhu and Associates for the structural work of our new building and also in connection with the acceptance of the tender of Shapurji Palonji & Co., for construction of the basement out of the tender received from Engineering Construction Corporation Ltd., New Consolidated Construction Co. Ltd., and Shapurji Palonji and Co. Pvt. Ltd., which were compared and evaluated by Gerzi Eastern Ltd., respectively at approximately Rs. 33,37,844/-, Rs. 28,21,159/- and Rs.32,48,592/-.

21 In the matter of appeal of M/s R.R. Nabar & Co., against the decision of the Full Bench of the Arbitration Committee in the dispute between M/s Jadowji Virji Desai and M/s R.R. Nabar & Co., regarding the 5 United Carbon shares, the letter dated 22-2-73 of M/s Jadowji Virji Desai about the dispute having been settled and the letter dated 26-2-73 of M/s R.R. Nabar & Co., withdrawing their appeal were read and noted.

22 The applications for loans of the undermentioned members of our office staff were considered and it was resolved to give them loans as under: Shri G.N. Kamdar Rs.1700/- Sepoy Pandurang Gopal Rs.1000/- Sepoy Madhukar Bhiwa Rs. 300/- Liftman Tukaram Laxman Rs. 500/- Waterman Mithalal Bhuralal Rs.1500/- Sweeper Bhagwan Tilu Rs. 500/- Sweeper Hariharan Nibaram Rs. 200/-

23 The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm their belowmentioned securities having been placed in our list of securities traded on the Exchange:

6 Maharashtra Sugar Mills Ltd. Bonus Equity Caira Can Co. Ltd. Bonus Equity Shri Bhawani Cotton Mills Ltd Bonus Equity

24 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the usual requirements as well as other special requirements stipulated by us, their below mentioned securities should be placed in our list of securities traded on the Exchange and their trading lots should be fixed as shown against them: Ashok Paper Mills Ltd. Equity 200 shares Ashok Paper Mills Ltd. Preference 5 shares Usha Alloys and Steel Ltd. Equity 50 shares Usha Alloys and Steel Ltd. Preference 5 shares Saurashtra Steel and Alloys Ltd. Equity 50 shares Mohta Alloys and Steel Ltd. Equity 50 shares Mohta Alloys and Steel Ltd. Preference 5 shares Piramal Steel Ltd. Equity 50 shares Piramal Steel Ltd. Preference 5 shares Haryana Electro Steel Ltd. Equity 50 shares Indolowen Breweries Ltd Equity 50 shares Industrial Credit and Investment 6% Debentures 1985 Rs. Corporation of India Ltd. 5000/-. Silvania and Laxman Ltd. New Equity 50 shares Silvania and Laxman Ltd. 9.5% Redeemable Preference Shares. Preference 5 shares The Phalton Sugar Works Ltd. 6 ½ % Redeemable preference shares.-5 shares.

sd/- sd/- A.J Shah Jayant Amerchand Secretary President

Date: 24-7-73

7 Tuesday, 24-7-1973

A meeting of the Governing Board of the Stock Exchange was held today at ST. 3.00 pm. Under the Chairmanship of the Seth Jayant Amerchand, wherein undermentioned members of the Board ware present: Seth Jayant Amerchand Seth Seth Vasantlal Jivatlal Seth Phiroze J. Jeejeebhoy Seth J. R. Motishaw Seth Mathradas Samaldas Seth A. R. Mahadevia Seth Laldas Jamnadas Seth B. M. Gandhi Seth Rasiklal Menklal Seth Vasantlal Champaklal Seth Jasvantlal Chhotalal Seth B. N. Khandelawal Seth Hiralal Girdharlal Seth Ashokkumar G. Fozdar Seth Chhotalal Devchand

Government nominees Shri S. Rajgopalan

Shri M. R. Mayya, Dy Director, Stock Exchange Division was present by invitation.

The following business was transacted in the meeting:

1. Resolved that the notices mentioned below against the names of the related companies regarding cum-right and ex-right transactions in their shares are confirmed: 1 The Indian Cement Co. (1937) Notice No. 820/73 Dt. 10-5-73 Ltd. 2 Larsen & Toubro Ltd. Notice No. 845/73 dt. 14-5-73 3 Polysteel (India) Ltd. Notice No. 846/73 Dt. 14-5-73 4 Tensile Steel Ltd. Notice no. 860/73 Dt. 15-5-73 5 United Carbon Ltd. Notice No. 950/73 Dt. 25-5-73 6 The Morarji Gokuldas Spg.and Notice no. 1000/73 Dt. 5-6-73 Wvg. Co. Ltd. 7 The Khatau Makanji Spg. And Notice No. 1053/73 Dt. 5-6-73 Wng. Co. Ltd. 8 Shakti Sugars Ltd. Notice No. 1081/73 Dt. 9-6-73

1 9 The Hindushtan Sugars Mill Ltd. Notice No. 1081/73 Dt. 9-6-73 10 Special Steel Ltd. Notice No. 1093/73 Dt. 13-6-73 11 Polychem Ltd. Notice No. 1108/73 Dt. 15-6-73 12 The Scindia Steam Navigation Co. Notice No. 1121/73 Dt. 19-6-73 Ltd. 13 Ceat Tyres India Ltd. Notice No. 1173/73 Dt. 26-6-73 14 Modi Industries Ltd. Notice no. 1186/73 Dt. 28-6-73 15 West Coust Paper Mills Ltd. Notice No. 1200/73 Dt. 29-6-73 16 Andhra Steel Corporation Ltd. Notice no. 1350/73 Dt. 18-7-73 17 Motor Industries Co. Ltd. Notice no. 1351/73 Dt. 20-7-73

2. Resolved that the notices mentioned below against the names of the respective companies regarding eligibility of their new shares for delivery against their old shares are conformed 1 Behar Alloy Steel Ltd. Notice no. 989/73 Dt. 25-5-73 2 The Travancore Electric Notice no. 1029/73 Dt. 1-6-73 Chemical Industries ltd. 3 The Gaikwar Mills Ltd. Notice No. 1030/73 Dt. 1-6-73 4 The Dinesh Mills Ltd Notice No. 1031/73 Dt. 1-6-73 5 The Anti Friction Bearings Notice No. 1050/73 Dt. 5-6-73 Corporation Ltd. 6 Graphik Industries Ltd. Notice No. 1183/73 Dt. 28-6-73 7 Andhra Steel Corporation Ltd. Notice No. 1214/73 Dt. 2-7-73 8 Motors Industries Co. Ltd. Notice No. 1342/73 Dt. 18-7-73

3. Resolved to confirm the under mentioned Notices

(1.) Notice No. 882/73 dated 18-5-73 regarding transactions in the shares of Indian Copper Corporation Ltd. (2.) Notice No. 997/73 regarding permission to do business in the Letters of Renunciation of new equity shares of Tata Chemicals Ltd. (3.) Notice No. 1118/73 dated 16-7-73 about disallowing transactions in the shares of Modi Industries Ltd. and Notice No. 1313/73 dated 16-7- 73 allowing resumption of dealings in those Shares (4.) Notice No. 1122/73 allowing the dealings in the Letters of Renunciation of the new equity shares of Indian Cement Co. (1937) Ltd.

2 (5.) Notice No. 1138/73 permitting dealings in the company of bonus Equity Shares of Tensile Steel Ltd. (6.) Notice No. 1178/73 allowing resumption of dealing in the shares of Asiatic Oxygen Ltd. (7.) Notice no. 1248/73 dated 5-7-73 allowing permission to dealing in the bonus Equity Shares of Morarji Gokuldas Spg. Wvg. Co. Ltd.

4. The application for help of the under mentioned organizations were considered and it was resolved to give donation to them as under mentioned against their names from the Association Fund; Mumbai Upnagar Gramodyay Sangh Rs.100/- Indian Red-Cross Society Rs.101/- The Mancherji Navroji Banaji Industrial Home for the Blind Rs.100/-

5. The Application dated 17-7-73 Of Shri M. D. Vyas of our officer giving him assistance of Rs.224/- for the College fees of the 3rd year of LLB and Rs,. 78/- for the examination fee as well as the application dated 17-7-73 of Shri S. M. Davde for the college fee of the first term of first LLB were considered and it was resolved to give them assistance accordingly from Shri M. C. Mehta Smarak Fund. 6. The applications for loan of the undermentioned members of our office staff were considered and it was resolved to give each of them a loan as mentioned against their respective names

Shri M. D. Vyas Rs. 2500/- Shri Nariman N. Dubash Rs. 700/- Shri V. K. Suvarna Rs. 2000/- Shri Laxman Tukaram Rs. 1000/- Shri Dattaram Govind Rs. 1000/- Shri Narendra Bhikaji Rs. 300/- Shri Balkishan Shinde Rs.500/- Hamal Dhondu Shripat Rs.500/- Sweeper Khachera Devran Rs.1000/-

3 7. The application dated 25-6-73 of our former employee Shri V. Mohan was read and it was resolved to pay up to him the amount accumulated in his Provident Fund Account 8. The application dated 17-7-73 of Shri M. D. Vyas son of our late pensioner Shri Devdas K. Vyas for getting assistance for the expenses incurred for the medical treatment of the deceased during his sickness was considered and it was resolved to give him assistance of Rs.500/- in that respect from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 9. The letter received from the undermentioned members were read and it was resolved to confirmed the permissions given to them to do business as Representative Members as shown below: Nominating Members Representative Members Shri Hasmikh Nanlal Jhaveri Shri Dhirajlal Kalyanji Vora M/s. Sumatilal Jamnalal Shri Virendra Prabhudas

10. The letter dated 4-5-73 of S/Shri J. P. Gandhi and Bupendra Champaklal Dalal were read and it was resolved and confirmed the permission given to Shri J. P. Gandhi to do business in the market in the name of the firm of M/s. Champaklal Devidas 11. The letter dated 2-6-73 S/Shri Jayendra Dhansukhlal Mehta and Harendra Dhansukhlal Mehta was read and it was noted that partnership between the two had been dissolved from 30-4-73 and from that date Shri Jayendra Dhansukhlal Mehta had been doing business as the sole proprietor of the firm of M/s. Mehta Vakil & Co. 12. The letter dated 25-6-73 of S/Shri Dhirajlal Kalyanji Vora, Dhansukhlal Kantilal, Manoharlal Bhikhubhai Kothari, Harkishandas Kalyanji Vora and Gunvantlal Bhikhabhai Kothari was read and it was noted that S/Shri Dhirajlal Kalyanji Vora and Harkisandas Kalyanji Vora had separated from the partnership firm of M/s. Manmohandas Nemidas with effect from 26-6- 73. 13. The application for partnership of S/shri Vallabhdas Chimanlal Mehta and Chandrakant Vallabhdas Mehta dated dated 1-4-73 was considered and it was resolved to approve their partnership under the name of M/s. V. C. Mehta with effect from 1-4-73

4 14. The letter dated 20-6-73 of Bai Naramadabai and S/shi P. M. Rungta and K. M. Rungta was read and it was resolved to give permission to Shri Purshottamlal M. Rungta to continues the business of the late Shri Mahavir Prasad for a period of three months. 15. The letter dated 29-6-73 of Shri Kishandas Trikamdas Shroff nominating Shri Radheshyam Chiranjilal Goenka as the member of the Exchange in his own place was considered and after interviewing Shri Radheshyam Chiranjilal Goenka and his recommenders S/Shri Dhirajlal Girdharilal and N. C. Lodhiwala it was resolved by 14 votes in favour and none against to elect Shri Radheshyam Chiranjilal Goenka as a member of the Exchange in the place of Shri Kishandas Trikamdas Shroff, subject to the Rules and Regulations of the Exchange, on condition that he should not do business in the market in his own name until 7-9-73 16. The application dated 28-6-73 of Shri Jivandas Virji nominating Shri Nalinkant Vrajlal Shah as a member of the Exchange in his own place was considered and after interviewing Shri Nalinkant Vrajlal Shah and his recommenders S/Shri Vrajlal Virji and Prabhudas Lialdhar it was resolved by 14 vote in favour and none againstto elect Shri Nalinkant Vrajlal Shah as a member of the Exchange in the place of Shri Jivandas Virji, subject ot the Rules and Regulations of the Exchange. 17. The letter dated 15-6-73 of the New Bank of India for becoming a member of our Clearing House was considered and it was resolved that it should be admitted as a member of New Clearing House, Subject to our Rules and Regulations. 18. The Listing application of the undermentioned companies were considered and it was unanimously resolved to confirm the approval given for placing their respective Securities shown against their names in our list of securities traded on the Exchange.: Bajaj Auto Ltd. Bonus Equity Greaves Cotton & Co. Ltd. Bonus Equity Graphite India Ltd. New Equity The Bombay Burma Trading Corporation Ltd. Bonus Equity Supreme Industries Ltd. New Equity Rajsthan Spg. & Wing. Mills Ltd. Bonus Equity

5 Associated Stine Industries Ltd. Bonus Equity Tube Suppliers Ltd. New Equity The Andhra Pradesh Paper Mills Ltd. New Equity Tensile Steel Ltd. Bonus Equity

19. The listing application of the under mentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and the other special requirements stipulated by us, their below mentioned securities should be place in our list of Non-cleared Securities traded on the Exchange and their trading lots should be fixed as shown below against their respective names:

Omega locks and Typewriters Ltd. Equity – 50 Shares Western India Glass Ltd. Equity – 50Shares Suraj Alloys Steels Ltd. Equity – 50 Shares Blow Plast Ltd. Equity – 50 Shares Blow Plast Ltd. Preference – 5 Shares Punjab Breweries Ltd. Equity – 50 Shares Punjab Breweries Ltd. Preference – 5 Shares Galada Continuons Casting Ltd. Equity – 50 Shares Galada Continuons Casting Ltd. Preference – 5 Shares (of 1923) Maharashtra Steel Ltd. Equity – 50 Shares Maharashtra Steel Ltd Preference – 5 Shares Triveni Steel & Works Ltd. Equity – 50 Shares Superior Air Product Ltd. Equity – 50 Shares Shree Ram Fiber Ltd. Equity – 50 Shares Shree Ram Fiber Ltd. Pref. – 50 Shares Vijay Wada Bottling Co Ltd. Equity – 50 Shares Northern India Gas Co. Ltd. Equity – 50 Shares Trimurti Agrechemicals Ltd. Equity – 50 Shares Rathi Udyog Ltd. Equity – 50 Shares Merch Mirek Ltd. Equity – 50 Shares Merch Mirek Ltd. Preference – 5 Shares

6 Mina Steel Ltd. Equity – 50 Shares Universal Wires Ltd. Equity – 50 Shares Universal Wires Ltd. Preference – 5 Shares C. Prabhudas & Co. Ltd. Equity – 50 Shares Wilcart Steel Equity – Shares Mohan Steel Ltd. Equity – 50 Shares Vidarbha Iron and Steel Corporation Equity – 50 Shares Ltd. Industrial Finance Corporation of India 5¾ % Bonds 1985 Madhya Pradesh Electricity Board 6 % Bonds 1984 second series The Triveni Engineering Works Ltd. 9.5% Preference 50 Shares The Sirpur Paper Mills Ltd. 7¾ % Rs.1000/- first mortgage debentures Straw Products Ltd. 9.5 % Pref. Shares – 5 Shares Ashok Paper Mills Ltd. New Equity – 200 Shares The Tata Mills Ltd 8 % Debentures Rs.1000/-

20. As regards the listing application of Harida Rotary Machines Ltd. it was resolved that the time for approval of its application for placing is shares in the list of securities traded on the Exchange should be extended up to seven weeks from the date of closing of its subscription list and subject to the conditions as may be decided by the Chairmen and decision in the matter should be taken after the company gives its clarification required in our letter of the 23-7-73 21. As Indian Copper Corporation Ltd. has gone into voluntary liquation, it was resolved to review its units from our list of securities traded on the Exchange. 22. As Gujarat Polyamides has merged with the Baroda Rayon Corporation Ltd. it was unanimously resolved to remove the shares of Gujarat Polyamides from our list of securities traded on the Exchange. 23. Unanimously Resolved that as the under mentioned securities have been redeemed, they should be removed from our list of securities traded in the Exchange. Bombay Suburban Electric Supply Ltd. ‘B’ Class Convertible Debenture The Amalgamated Electric City Co. Ltd. 10 % Preference Shares

7 Jayshree T. and Industries Ltd. ‘B’ Preference Shares

24. The letter dated 2-7-73 of the Indore Malwa United Mills Ltd. was considered and it was unanimously resolved to write to it again in the matter and if even then the company does not pay the Annual Listing fee for the current year, the shares of the company should be removed from out list of securities traded on the Exchange from such date as may be decided by the Chairman. 25. The letter dated 1-2-73 and 15-6-73 of Orissa Cement Ltd. for, transferring their shares from the Cleared Securities List to the Non–Cleared Securities List were considered and it was unanimously resolved that we should write to the company in the matter and if it is felt necessary the shares of the company should be placed in the Non-Cleared Securities List from such date as may be fixed and decided by the Chairman. 26. The letter dated 3-5-73 of Reveen & Co. was considered and it was resolved to approve and pay them bills for 18,000 binders of the Stock Exchange Directory at Rs.7/25 per binder and at Rs.2/75 for the 18,000 plastic covers. Further, it was resolved that their offer to supply binders with plastic covers at Rs.11/50 per pieces hereafter should be accepted. 27. Unanimously resolved that as the undermentioned Companies have not yet paid the Annual Listing Fee for year 1973 though repeatedly demanded, their securities should be removed from our list of securities traded on the Exchange if they do not pay the said fee before 25-8-73: Ajanta Textiles Ltd. Afsons Industrial Corporation Ltd. Anil Hard boards Ltd. Balkrishna Paper Mills Ltd. Electrical Instruments Mfg. Co. Ltd. Gujarat Investment Trust Ltd. Hindustan Firodo Ltd. Hindustan Wired Glass Mfg. Co. Ltd. Indo-Swedish Pipe Manufacturers Ltd. Jyoti Ltd. Laxmiratan Engineering Works Ltd.

8 Laxmiratan Bhagaji Ltd. Mohta and Heckel Ltd. Raman and Denon Ltd. Shanea Euguire Valves Ltd. S. B. Joshi & Co. Ltd. Thakar Shipping Co. Ltd. Uttar Pradesh Steels Ltd.

Sd/- Sd/- A.J. Shah Jayent Amerchand Secretary President

Date: 4-9-73

9 Tuesday, 4-9-73

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 p.m. under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw Seth Phiroze Jeejeebhoy Seth A.R. Mahadevia Seth Mathradas Samaldas Seth Vasantlal Kantilal Seth Laldas Jamnadas Seth Babubhai Maganlal Gandhi Seth Jaswantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Hiralal Girdharlal Seth Vasantlal Champaklal Seth Vasantlal Jivatlal Seth B. N. Khandelwal Seth Chhotalal Devchand

Government Nominee Shri S. Rajagopalan Shri M.R. Mayya

The following business was transacted in the meeting:

1 The letter dated 8-8-73 of Government regarding appointment of Shri M.R. Mayya, present Dy. Director, Stock Exchange Division as a Government Nominee on our Board in the place of Shri M.N. Deshmukh was read and taken note of. The President welcomed Shri M.R.Mayya and expressed hope that the Board will continue to receive full support and co-operation from him as from his predecessors. In reply, Shri M.R. Mayya thanked and assured of his full support and co- operation.

2 After considering the listing application of Hand Rotary Machines Ltd., and the correspondence in that connection, it was resolved that, as the Company had not yet furnished full information sought from it, it should be asked to send additional information as decided during the discussion, latest by February, 7-

1 9-73 and considering the abovementioned listing application should be made in the Board meeting to be held on Saturday, 8-9-73. 3 The application dated 26-7-73 of Shri Ratilal Balubhai nominating Shri Vinitkumar P. Parekh as a member of the Exchange in his own place was considered and after interviewing Shri Vinitkumar P. Parekh and his recommenders S/Shri Jesinglal Savjibhai and Shantichand N. Jhaveri it was resolved by 13 votes in favour and one against to elect Shri Vinitkumar P.Parekh as a member of the Exchange in the place of Shri Ratilal Balabhai of the Exchange subject to the Rules and Regulations of the Exchange on condition that he will not do business in the market in his own name upto 13- 1-75. 4 Resolved that the notices mentioned against the names of the undermentioned companies regarding cum right and ex-right transactions in their shares should be confirmed: 1. Paper and Pulp Conversions Ltd. … Notice No:1373 dated 23-7-73. 2. Modi Industries Ltd. … Notice No: 1382/73 dated 23-7- 73. 3. National Machinery Manufactures Ltd. .. Notice No:1410 dated 27-7-73. 4. Ugar Sugar Works Ltd. … Notice No:1411/73 dated 27-3-73 5. Hindustan Wires Ltd. … Notice No:1429/73 dated 31-8-73 6. Bharat Steel Tubes Ltd. … Notice No:1484/73 dated 6-8-73 7. Indian Vegetable Products Ltd. … Notice No:1502/73 dated 8-8-73 8. The Industrial Credit & Investment Corporation of India Ltd. … Notice No: 1679/73 dated 1-9-73. 5 Resolved that the Notices mentioned against the names of the respective undermentioned companies regarding grant of permission for dealing in letters of renunciation of their new shares be confirmed: 1. West Coast Paper Mills Ltd. … Notice No:1476/73 dated 6-8-73 2. Motor Industries Co.Ltd. … Notice No: 1571/73 dated 20-8-73 3. Andhra Steel Corporation Ltd. … Notice No:1586/73 dated 21-8-73 4. Modi Industries Ltd. … Notice No:1677/73 dated 30-8-73 6 Resolved that the undermentioned Notices be confirmed: 1. Notice No:1504/73 dated 8-8-73 regarding the Association Holiday of the Coconut day.

2 2. Notice No: 1543/73 dated 1-9-73 regarding the Association Holidays of the Samvatsari. 3. Notice No: 1548/73 regarding the Association Holiday of Gokulshtami. 7 The application for help of the Rashtriya Neta Smarak Committee was read and it was resolved that their request cannot be accepted. 8 The application for loans of the undermentioned persons of our office staff were considered and it was resolved to give them loans as under: Shri H.A. Patni Rs.2300/- Shri Vilas Gyandev Rs. 1000/- 9 Resolved that a donation of Rs. 5000/- be given to the Shri K.R.P. Shroff Stock Exchange Sarvajanik Fund from the Stock Exchange Education and Research Services Fund. 10 The Report dated 10-8-73 of Shri Shapurji Broacha Brokers’ Helping Committee regarding giving of assistance from the Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund was read and it was resolved to approve that Report. 11 The letter dated 1-9-73 of Smt. Gulaben Devidas Vyas w/o our late pensioner Shri Devidas Madhavji Vyas was considered and it was resolved to give her assistance of Rs. 75/- p.m. for two years from the Association Fund. 12 Resolved that from 1-1-1973 our Secretary Shri A.J. Shah should be paid a remuneration of Rs.2875/- p.m. in the grade of Rs. 2500-125-3000/-. Shri Nair should be paid Rs.2300/- p.m. in the grade of Rs.2000-100-2500/- and in the officers grade of Rs.750-50-1250. Shri J.M. Lalka paid Rs. 1100/- p.m. Shri S.N.Karaka should be paid Rs.1000/- p.m. Shri K.V.B. Shankar Rao should be paid Rs.950/- p.m. Shri Nariman Dubash should be paid Rs.850/- p.m. and Shri M.D.Vyas should be paid Rs.850/- p.m. 13 Resolved that pursuant to the arrangements arrived at salaries, grades, dearness allowance etc., of clerks, sepoys and other officers of our office staff etc., should be revised and made effective from 1-1-1973 as under: Accountant and ‘A’ grade clerk Rs.200-15-260-20-400-25-600 ‘B’ grade clerk Rs.90-8-130-10-180-12-240-15-300 ‘C’ grade clerk } Rs. 70-6-100-8-140-10-200 Dispatch / MultilatchXerox etc. } Sepoy/watchman/liftman Rs.40-4-80-5-120-6-150 Bhatt/Hamal /Sweeper Rs.36-3-60-4-100-5-125

3 Those whose present salary does not exactly fit in their grade should be placed in the immediate upper step of their grades to make their salary fit exactly on 1-1-73. Dearness Allowance Accountant ‘A’ grade clerk and ‘B’ grade clerk Rs. 360/- p.m. ‘C’ grade clerk Rs. 315/- p.m. All other subordinate staff Rs. 220/- p.m. From 1-7-74 for every 6 months for rise or fall of every 10 points in the Bombay Working Class Index during the previous six months the dearness allowance shall be increased or decreased by Rs.2.50p. The retirement age will be 60 years. Gratuity will be paid at the rate of 1 months salary including Dearness Allowance for every years service subject to a maximum of 25 months and the Rules of the Gratuity Act. 14 The letter dated 4-8-73 of Shri Krishnavadan Chhotalal Dalal and others was considered and it was resolved to give permission to S/Shri Krishnavadan Chhotalal Dalal and Ranjitlal Chhotalal Dalal to continue the business of M/s C.V.Dalal & Co., for a period of three months. 15 The letter dated 17-8-73 of Bai Narbadevi and S/Shri P.M. Rungta and K.M. Rungta was considered and it was resolved to give permission to Shri Purshottam M. Rungta to continue the business of Shri Mahavir Badridas Rungta for a further period of two months. 16 The letters of Anil Hard Boards Ltd., and S.B. Joshi & Co., were read and it was unanimously resolved to re-admit their shares to our list of securities traded on the Exchange as they have paid the Annual Listing Fee for the year 1973. 17 The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm admission of their undermentioned securities to our list of securities traded on the Exchange: Zandu Pharmaceuticals Works Ltd. …New Equity Universal Dyestuff Industries Ltd. …New Equity The Parshuram Pottery Works Ltd. …Bonus Equity Vickers Sperry of India Ltd. …New Equity Bajaj Tempo Ltd. …Bonus Equity Larsen & Toubro Ltd. …Bonus Equity

4 Kamani Engineering Corporation Ltd. …Bonus Equity 18 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of securities traded on the Exchange and dealings therein should be made in the lots so specified: Northern India Hotels Ltd. Equity 50 shares Northern India Hotels Ltd. Preference 5 shares Madhya Pradesh Electricals Ltd. Equity 50 shares Madhya Pradesh Electricals Ltd. Preference 5 shares Sicals Ltd. Equity 50 shares Orient Abrasives Ltd. Equity 50 shares Orient Abrasives Ltd. Preference 5 shares Haryana Breweries Ltd. Equity 50 shares Haryana Breweries Ltd. Preference 5 shares Eddy Current Controls Ltd. Equity 50 shares Shree Chamundeshwari Sugar Ltd. Equity 50 shares Shree Chamundeshwari Sugar Ltd. Preference 5 shares Mahavir Ispat Ltd. Equity 50 shares Mahavir Ispat Ltd. Preference 5 shares Bengal Ferro Alloys Ltd. Equity 50 shares German Remedies Ltd. Equity 50 shares National Machinery Manufacturers Ltd. 8% Convertible Bonds – 1 Bond

sd/- sd/- A.J Shah Mathradas Samaldas Secretary President

Date: 8-9-73

5 Saturday, 8-9-73

A meeting of the Governing Board of the Stock Exchange was held today at ST.12.00 noon under the Chairmanship of Seth Mathradas Samaldas wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth B. M. Gandhi

Seth Pheroze Jeejeebhoy Seth Navinchandra Chhaganlal Kampani

Seth Rasiklal Maneklal Seth Vasantlal Champaklal

Seth Jasvantlal Chhotalal Seth B. N. Khandelwal

Seth Vasantlal Jivatlal Seth Ashokkumar G. Fozdar

Seth J. R. Motishaw Seth Chhotalal Devchand

Government Nominee Shri M. R. Mayya

The following business was transacted in the meeting:

1. In the matter of the listing application of Havda Rotary Machines Ltd. its letter dated 7-9-73 and 8-9-73 were read and the valuation reports and Balance Sheets received therewith were looked into. It was resolved that the company should be asked to submit urgently latest by Monday, 10-9-73 additional information and whatever other clarification it wants to make as well as the details called for from it which it has still not furnished, and that consideration of its listing application should be made in the Board’s meeting on Tuesday, 11-9-73

Sd/- Sd/- A. J. Shah Jayant Amerchand Secretary President

Date: 11-9-73

1 Tuesday, 11-9-73

A meeting of the Governing Board of the Stock Exchange was held today at ST. 3.00 pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J. R. Motishaw

Seth Pheroze J. Jeejeebhoy Seth Vasantlal Kantilal

Seth Laldas Jamnadas Seth B.M. Gandhi

Seth Rasiklal Maneklal Seth Mathradas Samaldas

Seth Jasvantlal Chhotalal Seth N.C. Kampani

Seth Hiralal Girdharlal Seth Vasantlal Champaklal

Seth Chhotalal Devchand

Government Nominee Shri M. R. Mayya

The following business was transacted in the meeting:

1. The listing application of Havda Rotary Machines Ltd., dated 28-6-73 and all the correspondence with the company in that connection till today, including companies letter dated 10-9-73 and our reply thereto given today were considered and it was noted as under. Having considered all that, it was unanimously resolved that the companies listing application is rejected and we cannot give permission for doing business in its shares in our market:

i. That there were serious irregularities in regard to underwriting from the very inception that the provision in this behalf in the draft prospectus circulated amongst prospective underwrites and brokers was misleading as it included the names of well-known financial institutions such as LIC, UTI and others who subsequently did not appear as underwriters in the final prospectus, that copies of the relevant correspondence with these financial institutions had not been forwarded to the Exchange inspite of reminders, that material information (such as the Balance Sheet of the listed company and the constitution of the others) repeatedly called for about the three principal underwriters has not been furnished though these principal underwriters, namely, Nav Bharat Investments Ltd., Bombay (which does not seem to have filed its Balance Sheet with the Registrar of Joint Stock Companies), Industrial Finance and Investment Corporation of India, Calcutta and Market Research and Development Council, Bombay, were responsible for underwriting equity shares of the value of Rs.19 lakhs, Rs.8 lakhs and Rs.5 lakhs respectively representing more than 50 per cent of the public offer and that there was failure to make a public disclosure of the withdrawal of one of the important underwriters, namely Messrs. Place, Siddons & Gough Pvt.Ltd., of Calcutta. ii. That the prospectus failed to comply with the mandatory provisions of law contained in the Companies Act, 1956 in the matter of minimum subscription. iii. That the promoters as vendors had transferred their assets to the company at the purported book value of Rs. 42,20,400/- that the copies of Vendors’ Balance Sheets furnished by the Company showed that when the assets were transferred by the Graphic Rotary Manufacturing Corporation the capital provided by its sole proprietor Shri G.D. Handa was only Rs.27,251.17 and his drawings amounted to Rs.1,22,190.67 leaving a debit balance of Rs.94,939.50 against which the unsecured short term and long term borrowings of the concern were shown as Rs.24,77,899.49 and similarly in the case of Vijay Engineering Works the capital provided by the three partners Shri G.D. Handa, shri D.P. Handa and Shri D.R. Handa amounted in all to Rs.52,897.75 against which the unsecured short term and long term borrowings of the concern were shown as Rs.21,64,509.54 that these disproportionately large unsecured borrowings purported to have been made by the vendors were represented by assets whose valuation had been done not by any independent valuers but by the vendors themselves, that the consideration for transferring the assets so valued was in the form of fully paid up shares which the vendors had allotted to themselves before their private limited company was converted into a public limited company and the outside Directors had joined the Board and that as such the position in respect of assets transferred by the promoters book value of Rs.42,20,400/- appeared to be unsatisfactory. iv. That there was objectionable publicity to attract subscriptions from the public and that in spite of being called upon to do so more that once the Company had failed to supply copies of advertisements, leaflets, etc. published directly or indirectly in connection with the public issue and offer for sale of shares. v. That though required to do so the Company had failed to furnish complete and properly certified copies of the documents supporting the listing application and had also failed to rectify material omissions such as in regard to copies of schedules annexed to and forming an important part of the Vendors’ Agreements. vi. That the Company had failed and neglected to furnish routine information and comply with the usual formalities required of companies applying for listing of new issues.

Sd/- Sd/- A. J. Shah Jayant Amerchand Secretary President

Date: 9-10-73

Tuesday, 9-10-1973

A meeting of the Governing Board of the Stock Exchange was held today at ST. 3.30 pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal Seth Pheroze J. Jeejeebhoy Seth B.M. Gandhi Seth Mathradas Samaldas Seth N.C. Kampani Seth Laldas Jamnadas Seth Vasantlal Champaklal Seth Jasvantlal Chhotalal Seth B.N. Khandelwal Seth Hiralal Girdharlal Seth Ashokkumar G. Fozdar Seth Vasantlal Jivatlal Seth Chhotalal Devchand Seth J.R. Motishaw

Government Nominees Shri M. R. Mayya Shri S. Rajgopalan

The following business was transacted in the meeting:

1. Resolved that the relevant notices regarding cum-right and ex-right transactions in the shares of the undermentioned companies are confirmed: 1 Shree Digvijay Cement Co.Ltd. Notice No:1720/73 dt. 5-9-73 2 Mahendra Electricals Ltd. Notice No:1773/73 dt. 14-9-73 3 Mahindra and Mahindra Ltd. Notice No:1774/73 dt. 14-9-73 4 Jayshree Tea and Industries Ltd. Notice No:1816/73 dt. 21-9-73 5 Graphite India Ltd. Notice No:1835/73 dt. 24-9-73 6 Camphor and Allied Products Ltd. Notice No:1844/73 dt. 26-9-73 7 The Ahmedabad Advance Mills Ltd. Notice No:1877/73 dt. 2-10-73

2. Resolved that the undermentioned Notices are confirmed: 1 Notice No:1740/73 dated 7-9-73 regarding grant of permission for dealings in the Letters of Renunciation of the new Equity shares of Paper and Pulp Conversions Ltd. 2 Notice No:1783/73 dated 10-9-73 regarding validity of delivery of new equity shares of Supreme Industries Ltd., against its old equity shares.

3. The application for help of the National Association for the Blind dated 20- 9-73 was read and it was resolved to give it a donation of Rs.101/- from the Association Fund. 4. The applications of the undermentioned employees for giving them help for medical treatment during their sickness were considered an it was resolved to give them assistance from Seth K.R.P. Shroff Sarvajanik Fund as shown against their names: Shri T.G. Rs.143.45p Shri Santaram Narayan Rs.550/- 5. The application dated 1-10-73 for loan of sepoy Pandurang Gopal of our office was considered and it was resolved to give him a loan of Rs.500/-. 6. The resignation dated 11-8-73 of Shri V.J.Patni, an officer of our office staff was considered and it was resolved to accept his resignation and pay him gratuity of Rs.11,576/50 from the Gratuity Fund and the amount accumulated in his Provident Fund Account. 7. The resignation dated 13-9-73 of our sweeper Mohan Deva was considered and it was resolved to accept it and pay him Rs.2568.80 from the Gratuity Fund and the amount accumulated in his Provident Fund. 8. The application dated 31-1-73 of our pensioned Shri K.B. Daruwala for enhancing his pension in view of the present cost of living was read and it was resolved that those pensioners who have formally retired from the service of our Association and are at present being given pension should be given increased pension as follows: Shri N.N. Dubash Rs.750/-; Shri Maganlal Jivatbhai Desai Rs.240/-; Shri Madhav Atmaram Thone Rs.55/-; Shri Bhiva Babu Rs. 50/-, Shri Bhiva Arjun Dhag Rs.50/- and Shri K.B. Daruwala Rs.250/- each per month. 9. Resolved that our market should be kept open on Thursday 25-10-73 from 6.30 pm to 7.30 pm for Muhurat Trading for the Kartik Vikram Samvat 2030. 10. The application dated 17-9-73 of Shri R.K. Bhatt nominating Shri Pravinchandra Durgashankar as a member of the Exchange in his own place was considered and after interviewing Shri Pravinchandra Durgashankar Shukla and his recommenders S/Shri V.K. Nanavati and Hiralal Chunilal it was resolved by 15 votes in favour and none against to elect Shri Pravinchandra Durgashankar as a member of the Exchange in the place of Shri R.K. Bhatt subject to the Rules and Regulations of the Exchange. 11. The application dated 24-7-73 of the near relatives of the late Shri Mahavir Badridas Rungta nominating Shri Purshottamlal Mahavirprased Rungta as a member of the Exchange in the place of the late Shri Mahavirprasad Badridas Rungta was considered and after interviewing Shri Purshottamlal Mahavirprased Rungta and his recommenders S/Shri Chinubhai Dalal and Gaurishankar Puranmal it was resolved by 11 votes in favour and none against to elect Shri Purshottamlal Mahavirprased Rungta as a member of the Exchange subject to the Rules and Regulations of the Exchange. 12. The application dated 12-9-73 of Shri Mohammed Hussain Ali Mohammed Gulamhussain Mohinbhai nominating Shri Ashok Jayantilal Khandwala as a member of the Exchange in his own place was considered and after interviewing Shri Ashok Jayantilal Khandwala and his recommenders S/Shri Mansukhlal Lallubhai Dalal and Sanat M. Dalal it was resolved by 15 votes in favour to elect Shri Ashok Jayantilal Khandwala as a member of the Exchange in place of Shri Mohammed Hussain Ali Mohammed Gulamhussain Mohinbhai subject to the Rules and Regulations of the Exchange. 13. The matter regarding transactions in new issues was discussed and it was postponed for further discussion in the next meeting. 14. Resolved that in respect of our old buildings constructed part of which has been demolished from the book value of such buildings recorded in our Accounts books Rs.1,16,499.67 should be written off by showing the amount as expenses in the Income Expenditure Account for the year 1972 as being the cost of the demolished construction work and the balance amount of Rs.9,80,000/- should be shown as value of the land of such buildings. 15. The report of our Association for the year 1973 Income Expenditure Account and Balance Sheet were passed. 16. Resolved that a Current Account and a Safe Custody Account be opened with Bank of India in the name of Seth “K.R.P. Shroff Stock Exchange Sarvajanik Fund” and be operated on by any two of the Trustees for the time being namely, Shri J. R. Motishaw, Shri Rasiklal Maneklal and Shri Dhirajlal Maganlal of any two of the surviors of them or the survivor of them, or jointly by the President Shri Jayant Amerchand or the Chairman Shri P. J. Jeejeebhoy, or the Vice President , Shri Mathradas Samaldas or the Hon. Treasurer Shri Vasantlal Champaklal, and any one of the following seven members of the Governing Board , namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharilal, Shri B. M. Gandhi, Shri. Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersign of by the Secretary Shri A. J. Shah. 17. Resolved that a Current Account and a Safe Custody Account be opened with Bank of India in the name of “Shri M. C. Mehta Smarak Fund” and be operated on by any two of the Trustees for the time being, Shri J. R. Motishaw, Shri Rasiklal Maneklal and Shri Dhirajlal Maganlal or any two of the surviours of them or the survivor of them, or jointly by the President Shri Jayant Amerchand or the Chairman Shri P. J. Jeejeebhoy or the Vice President Shri Mathradas Samaladas or the Hon. Treasurer Shri Vasnatlal Champaklal, and any sum of the following members of the Governing Board, namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharilal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal, and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah. 18. Resolved that a Current Account and Safe Custody Account be opened with bank of India in the name of “Manilal C. Baxi Prize Fund” and be operated on by any two of the Trustees for the time being, namely, Shri J. R. Motishaw, Shri Rasiklal Maneklal and Shri Dhirajlal Maganlal or any two of the surviors of them or the survivor of them, or jointly by the President Shri Jayant Amerchand or the Chairman Shri P. J. Jeejeebhoy or the Vice- President Shri Mathradas Samaldas or the Hon Treasurer Shri Vasantlal Champaklal, and any of the following seven members of the Governing Board, namely Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharilal, Shri B. M. Gandhi, Shri Vasnatlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Motishaw and be countersigned by the Secretary Shri A. J. Shah. 19. Resolved that a Current Account and Safe Custody Account be opened with Bank of India in the name of “Famine Relief Fund” and be operated on by any two of the Trustees for the time being, namely, Shri J. R. Motishaw, Shri Rasiklal Maneklal and Shri Dhirajlal Maganlal or any two of the survivors of them of survivor of them, or jointly by the President Shri Jayant Amerchand or the Chairman Shri P. J. Jeejeebhoy or the Vice- President Shri Mathradas Samaldas or the Hon. Treasurer Shri Vasantlal Champaklal, and any one of the following members of the Governing Board, namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharilal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah. 20. Resolved that a Current Account and Safe Custody Account be opened with Bank of India in the name of “Sankat Nivaran Fund” and the operated on by any two of the Trustees for the time being, namely, Shri J. R. motishaw, Shri Rasiklal Maneklal and Shri Dhirajlal Maganlal or any two of the survivors of them or the survivor of them, or jointly by the President Shri Jayant Amerchand or the Chairman Shri P. J. Jeejeebhoy or the Vice- President Shri Mathradas Samaldas or the Hon Treasure Shri Vasantlal Chhotalal and any one of the following seven members of the Governing Board, namely Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani Shri Hiralal Girdharilal, Shri B. M. Gandhi, Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah. 21. Resolved that a Current Account and Safe Custody Account opened with Bank of India in the name of “Sheth Shantilal Jamnadas Smark Fund and be operated on by any two of the Trustees for the time being, namely Shri J. R. motishaw, Shri Rasiklal Maneklal and Shri Dhirajlal Maganlal or any two of the survivors of them or the survivor of them or jointly by the President Shri Jayant Amerchandor or the Chairman Shri P. J. Jeejeebhoy or Wice-President Shri Mathradas Samaldas or the Hon. Treasurer Shri Vasantlal Champaklal, and any one of the following seven members of the Governing Board, namely, Shri Rasiklal maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharilal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. mahadevia and be countersigned by the Secretary Shri A. J. Shah. 22. Resolved that a Current Account and Safe Custody Account be opened with Bank of India in the name of “Dharmada Fund” and be operated on by any two of the Trustees for the time being, namely, Shri J. R. motishaw, Shri Rsiklal Maneklal and Shri Dhirajlal Maganlal or any two of the survivors of them or the survivor of them, jointly, by the President Shri Jayant Amerchand or the Chairman Shri P. J. Jeejeebhy or the Wice- President Shri Mathrudas Samaldas or the Hon. Treasurer Shri Vasantlal Champaklal, and any one of the following seven member of the Governing Board, namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharialal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary Shri. A. J. Shah. 23. The Chairman made mention about the prevailing market situation and because of that having taken from time to time additional security deposit in different ways, having understood that, it was resolved to confirm the notices put up in that connection, especially Notice No:1240/73 dated 9- 8-73 and to authorized the Chairman to make changes and / modifications therein from time to time as deemed proper and to take additional security deposit in any other manner and take other safety measures. 24. The application dated 27-9-73 of M/s Porecha Brothers to give them extension of time for filing an appeal against the award of the lower bench of the Arbitration Committee in the dispute between them and M/s S.L.Despande and Co., regarding the shares of Sutdoj Cotton Mills Ltd., was considered and it was resolved that M/s Porecha Brothers be given time upto 17-10-73 for filing an appeal in that matter. 25. The letters dated 1-9-73 and 28-9-73 of Industrial Cables (India) Ltd., were considered and it was unanimously resolved that as the equity shares of the company have been sub-divided into shares of Rs.10/- each the trading lot of those shares should be changed and kept of 50 shares of Rs.10/- each. 26. The letter of Indo Swedish Pipe Manufacturers Ltd., dated 14-9-73 and the letter dated 27-9-73 of Uttar Pradesh Steels Ltd., were read and it was resolved to re-admit their shares to the list of securities traded on the Exchange, as they have paid the Annual Listing Fee for the year 1973. 27. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm admission of their securities shown against their respective names to our list of securities traded on the Exchange: Khatau Makauji Spg.& Wvg. Co. Ltd. Bonus Equity Special Steels Ltd. Bonus Equity The West Coast Paper Mills Ltd. Bonus Equity Sakthi Sugars Ltd. Bonus Equity Ceat Tyres of India Ltd. Bonus Equity

28. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the usual requirements and other special requirements stipulated b us their securities mentioned against their respective names should be admitted to our list of Non-Cleared Securities and dealings in those securities should be made in the trading lots specified against their respective names:

Bilarpur Spg. Mills and Industries Ltd. Equity 50 shares Bilarpur Spg. Mills and Industries Ltd. 9.3% Preference shares – 5 shares Bilarpur Spg. Mills and Industries Ltd. 9.5% Preference shares – 5 shares Bilarpur Spg. Mills and Industries Ltd. Bhagwati Oxygen Ltd. Equity 50 shares Julon Fabrics Ltd. Equity 50 shares Uni Abex Alloys Products Ltd. Equity 50 shares Uni Abex Alloys Products Ltd. Preference 5 shares Deccan Steel & Alloys Corporation Ltd. Equity 50 shares Deccan Steel & Alloys Corporation Ltd. Preference 5 shares Hind Wire Industries Ltd. Equity 50 shares Unicorn Tyres Ltd. Equity 50 shares Machine Fabric Polygraph (India) Ltd. Equity 50 shares Searsal Chemicals Ltd. Equity 50 shares Ajay Electricals Ltd. Equity 50 shares Ajay Electricals Ltd. Preference 5 shares Marathwada Alloy Steels Co.Ltd. Equity 50 shares Grayham First Steel Products (India) Equity 50 shares Ltd Karnatak Steel & Wire Product Ltd. Equity 50 shares Karnatak Steel & Wire Product Ltd. Preference 5 shares

Sd/- Sd/- A. J. Shah Jayant Amerchand Secretary President

Date: 20-11-73

Tuesday, 20-11-73

A meeting of the Governing Board of the Stock Exchange was held today at ST. 3.00 pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal

Seth Pheroze J. Jeejeebhoy Seth B.M. Gandhi

Seth Mathradas Samaldas Seth N.C. Kampani

Seth Rasikal Maneklal Seth Vasantlal Champaklal

Seth Jasvantlal Chhotalal Seth B.N. Khandelwal

Seth Hiralal Girdharlal Seth Ashokkumar G. Fozdar

Seth Vasantlal Champaklal Seth Chhotalal Devchand

Seth J.R. Motishaw

Government Nominees Shri M. R. Mayya

The following business was transacted in the meeting:

1. Resolved that the notices regarding ex-right and cum-right transactions mentioned against the names of the respective undermentioned companies should be confirmed: 1 Indian Aluminum Co. Ltd. Notice No:1995/73 dt. 17-10-73 2 Jayant Paper Mills Ltd. Notice No:2028/73 dt. 20-10-73 3 Modela Woollen Mills Ltd. Notice No:2048/73 dt. 24-10-73 4 The Raymond Woollen Mills Ltd. Notice No:2094/73 dt. 2-11-73 5 The Dharamsi Morarji Chemicals Ltd. Notice No:2095/73 dt. 2-11-73 6 Sandwik Asia Ltd. Notice No:2210/73 dt. 19-11-73

2. Resolved that the Notices mentioned against their names of the undermentioned companies giving permission to deal in the Letter of Renunciation of their new shares should be confirmed : 1 The Industrial Credit and Investment Notice No:2090/73 dt. 2-11-73 Corporation of India Ltd. 2 The Ahmedabad Advance Mills Ltd. Notice No:2150/73 dt. 9-11-73

1 3 Graphite India Ltd. Notice No:2177/73 dt. 14-11-73

3. Resolved that the undermentioned notices should be confirmed: 1 Notice No:1968/73 dated 12-10-73 instructing to write in the shares of the Baroda Rayon Corporation Ltd., instead of the shares of Gujarat Polyamides Ltd. 2 Notice No: 2046/73 dated 24-10-73 regarding giving of permission for dealing in coupons of the bonus equity shares of Indian Vegetable Products Ltd. 3 Notice No: 2049/73 dated 25-10-73 regarding making adjustment of the dividend on the shares of Belapur Sugar Industries Ltd. 4 Notice No: 2074/73 dated 31-10-73 regarding permissibility of delivery of new equity shares of Verdhman Spg. & General Mills Ltd., against its old shares.

4. The application for help dated 28-9-73 of the Poona School and Home for the Blind was considered and it was resolved to give it a donation of Rs. 101/- from the Association Fund. 5. The applications for loans of the undermentioned persons of our office staff were considered and it was resolved to give them loans of the amounts mentioned against their respective names: Shri C.V. Valsan Rs. 1800/- Shri N.M. Ale Rs. 1200/- Watchman S.K. Lal Rs. 500/- Liftman S.V. Jadav Rs. 300/- 6. The application dated 14-11-73 of our office staff member Shri S.M.Dauda for giving him assistance of the college fee of Rs. 112/- of the second term of 1st LLB was considered and it was resolved to give him that much assistance from Shri M.C.Mehta Smarak Fund. 7. The application for undermentioned partnership were considered and approved: Name of Partnership Name of Partners Date of partnership Firm M/s A.B. Pandit & Co Shri Dattaram Narkari Patkar 1-10-73 Shri Narhar Dattaram Patkar M/s Mahavir Badridas Shri Satyanarayan Bhuramal 2-11-73 Shri P.M. Rungta

8. The letter dated 2-11-73 of S/Shri Jayantilal N. Patel and Sakarchand Hathising were considered and it was resolved to confirm the permission given to Srhi Sakarchand Hathising to do business as a Representative Member of Shri Jayantilal N. Patel. 9. The letter dated 21-7-73 of Shri Sunderdas Kalyanji Kankal and the letter dated 24-8-73 pf Shri Shivdas Thakarsi were read and it was resolved to annul the

2 claim of Rs.15000/- of Shri Sunderdas Kalyanji Kankal recorded against Shri Shivdas Thakarsi. 10. The application dated 3-9-73 of S/Shri Shivdas Thakarsi and Prakash Shivdas Thakarsi for partnership and their letters dated 3-9-73 as well as of Shri Jayantilal Jeshinglal to give permission to the said partnership to do business as a Representative Member of Shri Jayantilal Jeshinglal were considered and it was resolved that their request cannot be complied with. 11. The letter dated 1-11-73 of Bai Sharda Gulabchand and Shri Sumantrai Gulabchand Shah was considered and it was resolved to give permission to Shri Sumantrai Gulabchand to continue the business of the late Shri Gulabchand Mulchand Shah for three months. 12. The letter dated 1-11-73 of Shri Krishnavadan Chhotalal Dalal and others was considered and it was rsolved to give permission to S/Shri Krishnavadan Chhotalal Dalal and Ranjitlal Chhotalal Dalal to continue the business of M/s C.V. Dalal & Co., for a further period of 2 months. 13. The Board noted that the Chairman had declared Shri Jayantkumar Khatau as a defaulter as he had failed to meet his liabilities in the market and Shri V.V.Ruia has become a defaulter according to our Rules and Regulations as he has been declared as an insolvent on 17-7-73. 14. The Association Holidays for the year 1974 were fixed. 15. Resolved that the President and the Chairman both together should purchase processor, card reader, line printer, magnetic tape unit etc., electronic equipments from the Hyderabad Electronic Corporation of India as they deem fit. 16. The application dated 3-10-73 of the near relatives of the late Shri Sitaldas Tirathdas nominating Shri Kantilal Tirathdas as a member of the Exchange in the place of the late Shri sitaldas Tirathdas was considered and after interviewing Shri Kantilal Tirathdas and his recommenders S/Shri Jitendra Champaklal ans S.B. Sirale it was resolved by 13 votes in favour and none against to elect Shri Kantilal Tirathdas as a member of the Exchange in the place of the late Shri Sitaldas Tirathdas, subject to the Rules and Regulations of the Exchange. 17. The application dated 20-10-73 of the near relatives of the late Shri Mahadeo Vishnu Gokhle nominating Shri Satyanarayan Mangilal Khetan as a member of the Exchange in the place of the late Shri Mahadeo Vishnu Gokhle was considered and after interviewing Shri Satyanarayan Mangilal Khetan and his recommenders S/Shri D.G. Goenka and Manubhai Maneklal it was resolved by 13 votes in favour and none against to elect Shri Satyanarayan Mangilal Khetan as a member in the place of late Shri Mahadeo Vishnu Gokhle subject to the Rules and Regulations of the Exchange.

3 18. Resolved that “ending of the arrangements” with Gerze Eastern Ltd., in connection with construction of our new building as stated in their letter dated 10-8-73 should be approved and the arrangements made as under instead of that should be confirmed:

Appointment Remuneration

Project Architect – Shri Subject to the ceiling of 71/2 lakhs Chandrakant Patel of Rupees, 31/2 % of the cost of the Architectural Research Unit construction of the building-excluding the expenditure for lifts and air-conditioning plant.

Stock Exchange Architect- Rs. 2500 p.m.- subject to the ceiling of Shri Jamshed B. Aga of M/s Rs. 50,000/- total. Shapoorji Chandabhai

Structural Consultants- M/s Subject to the ceiling of Rs.31/2 lakhs, Hadkar Prabhu and 21/2% of the value of the structural work Associates excluding therefrom the amount paid to M/s Rodio Hazard billed before now.

Air-conditioning Consultants Subject to a ceiling of Rs. 11/2 lakhs, – M/s Manek N. Dastoor 11/2% of the expenses of the work for air-conditioning and ventilation.

M/s Hydro –Mechanical Subject to the ceiling of Rs.10,000/-, 1% Services of the expenses of the plumbing and sanitation work for supervision during alterations and modifications and the construction work.

Consultants for Electric Rs. 25,000/- Installations – shri D.N. Purandar and Associates

Praoject Manager- Lt. col. Salary, allowances etc., Total Rs.3500/- P.D. Jain p.m.

Note: If any additional construction work if done in lieu of the existing space excepting the Cama building and 4th and 5th floors of the existing building on the Apollo Street, then each of the above mentioned consultants for whose fees ceilings have been fixed shall be paid additional remuneration at the percentage rate mentioned above.

19. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm admission of their below mentioned securities to the list of securities traded on our Exchange: Tata Chemicals Ltd. New Equity

4 The Morarji Gokuldas Spg. & Wvg., Co.Ltd. Bonus Equity Indian vegetable Products Ltd. Bonus Equity The Scindia Steam Navigation Co.Ltd. Bonus Equity

20. The listing applications of the undermentioned companies were considered an it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their names should be admitted to our list of Non-Cleared Securities and dealings in those securities should be done in the specified lots: The Andhra Bank Ltd. Equity 5 shares Punjab Anand Batteries Ltd. Equity 50 shares Punjab Anand Batteries Ltd. Preference 5 shares Yeast Alco Enzymes Ltd. Equity 50 shares Madras Cements Ltd. Equity 5 shares Madras Cements Ltd. Preference 5 shares Sunita Vitamins & Chemicals Ltd. Equity 50 shares Sunita Vitamins & Chemicals Ltd. Preference 5 shares Ranbaxy Laboratories Ltd. Equity 50 shares Saraiya Steel Ltd. Equity 50 shares Goa Carbon Ltd. Equity 50 shares Goa Carbon Ltd. Equity 50 shares Crest Dyes & Chemicals Ltd. Equity 50 shares Moon-Star Investments Ltd. Equity 50 shares Andhra Steel Corporation Ltd. New 9.5% preference – 5 shares. 21. In the matter relating to the listing application of Multe Steels (India) Ltd., the telegram of the Economic Affairs Department and a copy of the letter written by the Deputy Controller of Capital Issues to the company on 9-11-73 were read and it was resolved to postpone the matter at present. 22. The letter dated 22-10-73 of the Century Spg., and Mfg., Co.Ltd., was read and it was unanimously resolved to remove its 8.50% Preference shares from our list of securities traded on the Exchange as they are to be redeemed. 23. RESOLVED THAT with effect from the 1st of January, 1974, the following amendment be made in the Regulations and Government be informed accordingly For Regulation 1.15, the following shall be substituted namely:

“Variation in Bids and offers

5 1.15 Unless otherwise directed by the Governing Board or otherwise stipulated when entering into the bargain bids or offers shall be made at the following minimum variations or multiples thereof:

I Shares of Joint Stock Companies when Minimum Variation market price

Dose not exceed Rs.5 Re.0.02, Exceed Rs.5 but dose not exceed Rs.75 Re.0.05 Exceed Rs.75 Re.0.25 II Government Securities (including Loans and Re.0.05 Debenture of Port Trust, Municipal Corporation, etc. III Debentures of Joint Stock Companies Re.0.05

Sd/- Sd/- A. J. Shah Jayant Amerchand Secretary President

Date: 24-12-73

6 Monday, 24-12-1973

A meeting of the Governing Board of the Stock Exchange was held today at ST. 3.00 pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw

Seth Pheroze J. Jeejeebhoy Seth Vasantlal Kantilal

Seth Rasikal Maneklal Seth B.M. Gandhi

Seth Jasvantlal Chhotalal Seth Vasantlal Champaklal

Seth Hiralal Girdharlal Seth B.N. Khandelwal

Seth Chhotalal Devchand

Government Nominees Shri M. R. Mayya

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned companies regarding ex-right and cum-right transactions in their shares are confirmed: 1 Jayant Paper Mills Ltd. Notice No:2244/73 dt. 23-11-73 2 Southern Steel Ltd. Notice No:2333/73 dt. 3-12-73 3 The Ravalgaon Sugar Farm Ltd. Notice No:2368/73 dt. 5-12-73 4 Asian Electronics Ltd. Notice No:2468/73 dt. 21-12-73

2. Resolved that the undermentioned notices are confirmed : 1 Notice No:2219/73 dated 21-11-73 regarding keeping the market closed on 21- 11-73 for business. 2 Notice No: 2288/73 dated 28-11-73 for keeping the market open from S.T. 12 to 1 pm., on every Thursday for doing business. 3 Notice No: 2300/73 dated 29-11-73 regarding permissibility of delivery of bonus equity shares of Special Steels Ltd., against its old shares.

3. The applications of the undermentioned persons who have left their jobs from our staff for paying them their Provident Fund amounts were read and it was resolved to pay each of them the amount of the Provident Fund noted against their names, according to the rules and regulations of our Provident Fund. Shri J.A. Baraco Rs.1827/72 Shri C.K.M. Pilai Rs. 368/98 4. The applications of the undermentioned persons of our office staff for giving them loans were read and it was resolved to give each of them a loan of the amount stated against their respective names: Shri R.R. Shivalkar Rs.1500/- Sepoy Raghunath Krishnaji Rs. 1000/- Sepoy Govind Mahadev Khotala Rs. 700/-

5. Resolved that a donatin of Rs. 4400/- should be given to Share Bazar Hetwarthak Mandal from Shri M.C. Mehta Smarak Fund. 6. The application dated 15-12-73 of Shri T.G. Babu of our office staff for giving him assistance for the expenses incurred by him for medical treatment during his sickness was read and it was resolved to give him assistance of Rs.100/- therefore from Seth K.R.P.Shroff Stock Exchange Sarvajanik Fund. 7. The letter dated 19-11-73 of S/Shri Minoo Ardesar Karanjia, Soli Ardesar Karanji, Minoo Navroji Gandhi and Hoshang Framroze Munshi was read and it was noted that Shri Hoshang Framroze Munshi was to retire from M/s Batliwala & karani from 17-12-83. 8. The applications relating to the undermentioned partnerships were considered and approved: Name of Partnership Name of Partners Date of partnership Firm M/s Dhirajlal Kalyanji Shri Dhirajlal Kalyanji 10-12-73 Shri Harikishandas Kalyanji M/s Vithaldas Ramji Shri Vithaldas Ramji Marthak 27-10-73 Marthak Shri Jitendra Vithaldas Shri Kishor Vithaldas Marthak

9. The letter dated 29-11-73 of Maharashtra Development Counsel was read and it was resolved that as it our policy not to become a member of any association or institution, the matte should be postponed at present. 10. The application dated 20-11-73 of Shri Nemchand Vithalji nominating Shri Kirtikumar Narbheram Parekh as a member of the Exchange in his own place was considered and after interviewing Shri Kirtikumar Narbheram Parekh and his recommenders S/Shri Navalchand Tarachand Shah and Jayantilal C. Shah it was resolved by 10 votes in favour and none against to elect Shri Kirtikumar Narbheram Parekh as a member of the Exchange in the place of Shri Nemchand Vithalji Shah subject to the Rules and Regulations of the Exchange. 11. The letter dated 19-12-73 of Shri Chunilal Shivnarayan Mamandas withdrawing his application for membership of the Exchange was noted. 12. The letters dated 16-11-73 of S/Shri Ambalal Velji Shah and Vijay Ambalal Shah withdrawing their application regarding nomination of Shri Vijay Ambalal Shah in the place of Shri Ambalal Velji Shah as a member of the Exchange was read and taken note of. 13. Resolved that Notice No:2422/73 dated 13-12-73 regarding extension of “Statement Day” to 9-1-84 because of Christmas Holidays and hence treating the transactions to be settled accordingly as special delivery transactions should be confirmed. 14. Resolved that the Notice No:2427/73 dated 13-12-73 regarding settlement of shares by “Sellers” Tickets should be confirmed. Further resolved that the Chairman be given powers to make alterations and additions in that system from time to time as he deems fit and also powers to introduce any similar or other system of settlement. 15. Resolved to confirm the order given to Godrej Boyce & Mfg. Co.Ltd., for the tangbars required for construction of the safe deposit vault to be built in the basement of our new building and also for its main door. 16. The listing applications of the undermentioned companies were considered and it was unanimously resolved to approve admission of their securities mentioned against their respective names to the list of securities traded on our Exchange.

The New Shorok Spg.& Mfg. Co.Ltd. New Equity shares allotted to the shareholders of Magatlal Gagalbhai & Co. Pvt.Ltd. The Polychem Ltd. Bonus Equity Motor Industries Ltd. New Equity United Carbon India Ltd. Bonus Equity Bharat Steel Tubes Ltd. Bonus Equity The Baroda Rayon Corporation Ltd. New Equity shares issued in lieu of the shares of Gujarat Polymedes Ltd.

17. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us their securities as mentioned below should be admitted to our list of Non-Cleared Securities and dealings in those securities should be made in the Specified lots:

Muzaffairnagar Steels Ltd Equity 50 shares Muller and Phillips India Ltd. Equity 50 shares Jupiter Breweries Ltd. Equity 50 shares Stobee Screens India Ltd. Equity 50 shares Canara Steel Ltd. Equity 50 shares Agarwal Steel Complex Ltd. Equity 50 shares Agarwal Steel Complex Ltd. Preference 5 shares Universal Glass Ltd. Equity 50 shares B.D. Steel Castings Ltd. Equity 50 shares B.D. Steel Castings Ltd. Preference 5 shares Bharat Commerce & Industries Ltd. Equity 50 shares Bharat Commerce & Industries Ltd. Second Preference 5 shares Bharat Commerce & Industries Ltd. Third Preference 5 shares Thirumalai Chemicals Ltd. Equity 50 shares Mysore Petro Chemicals Ltd. Equity 50 shares Mysore Petro Chemicals Ltd. Preference 5 shares Bengal Arc Steel Ltd. Equity 50 shares Madhya Pradesh Industries Ltd. New Equity 50 shares Star Textile Engineering works Ltd. New Equity t50 shares Star Textile Engineering Works Ltd. 9.5% new preference share – 5 shares Modi Industries Ltd. New equity – 100 shares.

18. In the matter relating to Multi Steel (India) Ltd., the telegram of the Economic Affairs Department was read. As the company has given satisfactory clarification to the Government ans the Government has accepted it, the listing application of the company was considered and it was resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, its equity shares should be admitted to our Non-Cleared Securities list and trading in those shares should be done in lots of 50 shares. 19. It was noted that the Handa Rotary Machines Ltd., has appealed to Government against our decision to reject its listing applications and it was resolved that we should engage a Counsel to represent on our behalf in that appeal matter and the Chairman should do the needful in that connection. 20. Unanimously resolved that as the 61/2% Preference shares of Mahindra & Mahindra have been redeemed those shares should be removed from our list of securities traded on the Exchange. 21. Unanimously resolved that as the Deferred shares of the Ravalgaon Sugar Farm Ltd., have been converted into equity shares, the said deferred shares should be removed from our list of securities traded on the Exchange. 22. Resolved that a donation of Rs. 1,00,000 should be given from the Association Fund to the Stock Exchange Foundation which has been approved under Section 35(1)(2). 23. Resolved that an assistance of Rs. 65,000/- should be given to the Stock Exchange Foundation from “The Stock Exchange Education and Research Services Fund” and also of Rs.500/- to Shri M.C. Mehta Smarak Fund.

Sd/- Sd/- A. J. Shah Jayant Amerchand Secretary President

Date: 22-1-74

Tuesday, 22-1-74

A meeting of the Governing Board of the Stock Exchange was held today at ST. 3.00 pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw

Seth Pheroze J. Jeejeebhoy Seth A.R. Mahadevia

Seth Mathradas Samaldas Seth Vasantlal Kantilal

Seth Rasikal Maneklal Seth B.M. Gandhi

Seth Hiralal Girdharlal Seth Navinchandra C. Kampani

Seth Ashokkumar G. Fozdar

Government Nominees Shri M. R. Mayya Shri S. Rajgopalan

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned companies regarding ex-right and cum-right transactions in their shares are confirmed: 1 J.K. Synthetics Ltd. Notice No:2497/73 dt. 24-12-73 2 Kirloskar Ghatge Patil Auto Ltd. Notice No:16/74 dt. 1-1-74 3 Swan Mills Ltd. Notice No:65/74 dt. 9-1-74 4 Aditya Mills Ltd. Notice No:97/74 dt. 15-1-74 5 Bombay Dyeing & Mfg. Co.Ltd. Notice No:103/74 dt. 16-1-74 6 Amar Dye Chem. Ltd. Notice No:127/74 dt. 18-1-74

2. Resolved that the undermentioned notices are confirmed : 1 Notice No:2513/73 dated 29-12-73 regarding settlement of hand delivery transactions and of the foreign securities after the Christmas. 2 Notice No: 2510/73 dated 29-12-73 regarding allowing transactions in Letter of Renunciation of the new Equity shares of Indian Aluminum Co.Ltd. 3 Notice No: 18/74 dated 1-1-74 regarding market of ex-dividend transactions in shares other than those which are settled by red black forms instead of from the date of closure of the transfer books from the first Monday following the date of closure of the transfer books. 4 The Notice No:22/74 dated 3-1-74 regarding permission given for dealings in coupons of the bonds equity shares of Sandwik Asia Ltd.

3. The applications for help of the undermentioned institutions were considered and it was resolved to give each of them a donation of Rs.101/- from the Association Fund: The Krishnakumarsinghi School and Home for the Blind. The Maharashtra State Anti Tuberculosis Association The Bombay Dumb and Deaf Institution. 4. The applications dated 4-1-74 of Shri P.P. Dave of our staff for giving him assistance towards the expenses for medical treatment of his wife during her sickness and also to give him a loan of Rs.1300/- were considered and it was resolved that as his wife expired after long sickenss, as a special exceptional case, he should be given assistance of Rs. 1712/50 from “Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund”. 5. The application of our office sepoy Balkrishna Yeshwant dated 18-1-74 for giving him a loan of Rs.1500/- was considered and it was resolved to give him a loan of Rs.1,100/-. 6. The letter dated 4-1-74 of S/Shri Minoo Ardeshir karanjia, soli Ardeshir Karanjia and Minoo Navroji Gandhi was read and it was noted that Shri Minoo Navroji Gandhi had separated from the partnership firm of M/s Batliwala & Karani with effect from 31-12-73. 7. The application dated 19-1-74 of m/s Devidas Jamnadas to give them extension of time for filing an appeal against the decision of the Lower bench of the Arbitration Committee in the dispute between Shri Yashwant N. Shah and M/s Devidas Jamnadas was considered and it was resolved to give them an extension of time for filing the appeal upto 31-1-74. 8. The application dated 28-12-73 of M/s Jamnadas Virji & sons to give them an extension for filing an appeal against the decision of the Lower Bench of the Arbitration Committee in the dispute between Shri Yashwant N. Shah and M/s Jamnadas Virji & Sons was considered and it was resolved to give extension of time for fiing the appeal upto 31-3-74. 9. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm admission of their respective securities to our list of securities traded on the Exchange. Paper & Pulp Conversions Ltd. New Equity. Hindustan Wires Ltd. Bonus Equity Camphor & Allied Products Ltd. Bonus Equity The Ugar Sugar Works Ltd. Bonus Equity

10. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and special requirements stipulated by us their securities mentioned below against their names should be admitted to our list of Non-Cleared Securities trading in those securities should be done in the lots specified against them:

Venus Paper Mills Ltd. Equity 50 shares Apollo Tubes Ltd. Equity 50 shares Apollo Tubes Ltd. Preference 5 shares Kirloskar Tractors Ltd. Equity 50 shares Bright Wires Ltd. Equity 50 shares Perfect Pack Ltd. Equity 50 shares Raipur Wire & Steel Ltd. Equity 50 shares Shree Proteins & foods Ltd. Equity 50 shares Indian Aluminum Co.Ltd. New Ordinary 100 shares

11. In the matter of the appeal made by Handa Rotary Machines Ltd., to Government in connection with listing of its shares, after discussion about the letter written by Government on 8-1-74 a copy of which has been sent to us as well as the letter of 15-1-74 written to us by government and having taken note of the advise of our Counsel, it was resolved to write to government as under:

“A coy of the letter dated the 8th January addressed to the Appellate Authority on behalf of Handa Rotary Machines Ltd., has been enforced to the Exchange together with copies of the submissions referred to therein. The company has also addressed to the Exchange a letter dated the 15th January forwarding copies of the communication received by it from the Manager to the Issue viz. Market Research & Development Council and from three of its underwriters viz. Nav Bharat Investment, Ltd. Industrial Finance & Investment Corporation of India and Market Research & Development Council.

The aforesaid letters and submissions were considered by the Governing board at its meeting held today. The Governing Board has been advised that it is for the Appellate Authority to decide the matter but the proposals and submissions made in behalf of the Company appear to be such that for from inspiring any confidence they produce the country affect.”

Sd/- Sd/- A. J. Shah Jayant Amerchand Secretary President

Date: 22-1-74

Tuesday, 29-1-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth A.R. Mahadevia Seth Phiroze J. Jeejeebhoy Seth Vasantlal Kantilal Seth Laldas Jamnadas Seth B.M. Gandhi Seth Rasiklal Maneklal Seth Mathradas Samaldas Seth Hiralal Girdharlal Seth N.C. Kampani Seth Vasantlal Jivatlal Seth Vasantlal Champaklal Seth J.R. Motishaw Seth B.N. Khandelwal Seth Ashokkumar G. Fozdar

Government Nominees Shri M.R. Mayya Shri S. Rajagopalan

The following business was transacted in the meeting:

1. Resolved that the undermentioned notices regarding ex-right and cum-right transactions in the shares of the companies mentioned therein should be confirmed: 1. The Standard Batteries Ltd. .. Notice No:141/74 dt. 22-1-74 2. The Great Eastern Shopping Co.Ltd. ..Notice No:160/74 dt.25-1-74.

2. Resolved that the Notice No:126/74 dt. 18-1-74 regarding continuation of cum-right transactions in the shares of the Ahmedabad Electricity Co. Ltd., should be confirmed.

3. The application dated 15-1-74 of the near relatives of the late Shri Chhotalal Vrajdas Dalal nominating Shri Krishnavadan Chhotalal Dalal as a member of the Exchange in the place of the late Shri Chhotalal Vrajdas Dalal was considered and after interviewing Shri Krishnavadan Chhotalal Dalal and his recommenders Shri Vinaychandra Narbheram Parekh it was resolved by 13 votes in favour and none against to elect Shri Krishnavadan Chhotalal Dalal as a member of the Exchange in the palce of the late Shri Chhotalal Vrajdas Dalal, subject ot the Rules and Regulations of the Exchange.

4. The listing application of the Dharamsi Morarji Co.Ltd., was considered and it was unanimously resolved to confirm listing of bonus equity shares of the company on the Exchange.

5. The listing application of the Southern Nitro Chemicals Ltd., was considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the other requirements stipulated by us their equity shares should be admitted to our list of Non-Cleared Securities and dealings in those shares should be done in lots of 50 shares each.

6. The tenders for building the core of our new building received from M/s Shapurji Palonji & Co., (Pvt) Ltd., and Engineering Construction Corporation Ltd., were compared and evalutated for about Rs. 83 lakhs and 73 lakhs respectively by our Architects M/s Architectural Research Unit and Structural Consultants M/s Hadkar Prabhu and Associates. Approval was given for accepting the tender of Engineering Construction Corporation Ltd.

Seth A. R. Mahadevia came and joined the meeting at this point of time.

7. The telegram received from Shri M.R. Mayya, Dy.Director, Stock Exchange Division suggesting that the Stock Exchange should express their views about the proposals made by Handa Rotary Machines Ltd., in its appeal to the Government and the details of the decision made by the Calcutta Stock Exchange in that matter listened. It was the common view of the Board that for the present we do not have to do anything in that matter.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

2-2-74.

Saturday, 2-2-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 1.30pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal Seth Phiroze J. Jeejeebhoy Seth B.M. Gandhi Seth Rasiklal Maneklal Seth B.N. Khandelwal Seth J.R. Motishaw Seth Ashokkumar G. Fozdar

Government Nominee Shri M.R. Mayya

The following business was transacted in the meeting:

1. The Government’s telegram dated 31-1-74 requiring to send our detailed views in writing about the proposal made by Handa Rotary Mchines Ltd., in its appeal to the Government was considered and it was unanimously resolved that we should write to the Government accordingly to the draft prepared as per the advice of our counsel in the matter.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

19-2-74 Tuesday,19-2-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal Seth Phiroze J. Jeejeebhoy Seth B.M. Gandhi Seth Mathradas Samaldas Seth N.C. Kampani Seth Rasiklal Maneklal Seth B.N. Khandelwal Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Hiralal Girdharlal Seth Vasantlal Jivatlal

Government Nominees Shri M.R. Mayya Shri S. Rajagopalan

The following business was transacted in the meeting:

1. Resolved that the undermentioned notices regarding cum-right and ex-right transactions in the shares of the companies mentioned therein should be confirmed: 1. Colour Chem Ltd. Notice No: 200/74 dt. 31-1-74 2. Zandu Pharmaceuticals Ltd. Notice No: 201/74 dt. 31-1-74 3. Vidia India Ltd. Notice No: 224/74 dt. 5-274 4. Associated Bearings Co.Ltd. Notice No: 225/74 dt. 6-2-74 5. W.S. Insulators of India Ltd. Notice No: 243/74 dt.8-2-74 6. The Poddar Mills Ltd. Notice No: 250/74 dt.9-2-74 7. Hicks Thermometers (India)Ltd. Notice No:208/74 dt. 13-2-74 8. Bharat Bijali Ltd. Notice No: 301/74 dt.15-2-74

2. Resolved that the notices mentioned against the name of the undermentioned companies regarding permission given to do business in the Letters of Renunciation of their new shares are confirmed: 1. Kirloskar,Ghatge,Patel Auto Ltd. Notice No: 257/74 dt.11-2-74 2. Aditya Mills Ltd. Notice No: 261/74 dt.12-2-74 3. Southern Steel Ltd. Notice No: 318/74 dt.18-2-74 4. Jayant Paper Mills Ltd. Notice No: 319/74 dt.18-2-74

3. Resolved that the undermentioned notices are confirmed: 1. Notice No: 206/74 dt.1-2-74 to keep the market closed on Monday 4-2-74 as it is the Association Holiday of Moharam. 2. Notice No: 248/74 dt. 8-2-74 regarding keeping the market open from 12 to 2 pm on Thursday as usual from now. 3. Notice No: 277/74 dt. 13-2-74 regarding keeping the market open on Saturday 2-3-74 for doing business. 4. Notice No: 295/74 dt. 15-2-74 for not doing business in the shares of Adarsh Chemicals and Fertilisers and Notice No:326/74 dt. 19-2-74 for resuming the business thereof. 4. Government’s letter dated 23-1-74 regarding appointment of Shri M.C. Bhatt, Director, Ministry of Finance Department of Economic Affairs as a Government Nominee on our Board in the place of Shri N.C. Maitra was read and taken note of. 5. The application dated 29-1-74 of Shri S.M. Davda of our office for giving assistance to him of the examination fee of Rs. 72/- of the first year of LLB was considered and it was resolved to give him that assistance from Shri M.C. Mohta Smarak Fund. 6. The application of our sweeper Bhagwandas Tiloo for giving him a loan of Rs.2000/- for obtaining residential accommodation was considered and it was resolved to give him a loan of Rs. 1000/-. 7. The application dated 9-2-74 of S/Shri Valji Bhimji Jesrani and Dinesh Valji Jesrani for partnership between them was considered and it was considered and it was resolved to approve the partnership under the name of M/s Valji Bhimji & Co., with effect from 1-2-74. 8. The letters dated 30-1-74 of M/s Jadovji Virji Desai and Shri Gordhandas Bhagwandas were considered and it was resolved to confirm the permission given to Shri Gordhandas Bhagwandas as a Representative Member of M/s Jadovji Virji. 9. The letters dated 25-1-74 of S/Shri Shivdas Thakersi and Jayantilal Jeshinglal for registering the claim of Rs.25000/- Shri Jayantilal Jesinglal against the membership right of Shri Shivdas Thakarsi were considered and the matter was postponed. 10. Resolved that Thursday, 21-3-74 should be fixed as the day for election of the Governing Board for the year 1974-75. 11. The application dated 24-11-73 of the near relatives of the late Shri Gulabchand M.Shah nominating Shri Sumantrai Gulabchand Shah as a member of the Exchange in the place of the late Shri Gulabchand Shah was considered and after interviewing Shri Sumantrai Gulabchand Shah and his recommenders S/Shri V.K. Nanavati and Dipchand L.Taswala it was resolved by 11 votes in favour and none against to elect Shri Sumantrai Gulabchand Shah as a member of the Exchange in the place of the late Shri Gulabchand M. Shah subject to the Rules and Regulations of the Exchange. 12. The application dated 6-2-74 of Shri Jagmohan Jhunjhunwala nominating Shri Sham Chunilal Navander as a member of the Exchange in his own place was considered and after interviewing Shri Shyam Chunilal Navander and his recommenders S/Shri Chandratandas Bagri and D.K. Chowdhary it was resolved by 10 votes in favour and 1 against to elect Shri Shyam Chunilal Navander as a member of the Exchange in the place of Shri Jagmohandas Jhunjhunwala on the condition that within one month he should end his partnership in M/s Tak Construction and M/s Steel Products and should not do business in the market in his own name until 15-11-75. 13. The application dated 8-1-74 of Shri Madhukar Atmaram Pandit nominating Shri Basudev Hanumantprasad Pasari as a member of the Exchange in his own place was considered and after interviewing Shri Basudev Hanumantprasad Pasari and his recommenders S/Shri M.M. Loyalka and Arvind Chimanlal Dalal it was resolved by 11 votes in favour and none against to elect Shri Basudev Hanumantprasad Pasari as a member of the Exchange in the place of Shri Madhukar Atmaram Pandit subject to the Rules and Regulations of the Exchange. 14. It was noted that the Engineering Construction Corporation Ltd., has taken over the work of the new building in its own hands by mutual arrangement with M/s Shapoorji Palonji and Co. (Pvt)Ltd. It was resolved that the offer of Engineering Construction Corporation Ltd., to the abovementioned work after making suitable changes in the rates for construction of the remaining super structure mentioned in the work order dated 11-2-74 in respect of their tender for the core of the new building should be accepted and the work should be given to them. Further, it was noted that tenders for plumbing work, electricity work and lifts have been issued. 15. Government’s letter dated 28-1-74 regarding underwriting was read and noted. 16. The letter dated 12-1-74 of Shri Jivanlal Motilal requesting to sell the membership right of the late Shri Bhaidas Gulabchand and to give its sale proceeds to Shri Jivanlal Motilal and his brothers Shri Ranjitlal Motilal was considered and it was resolved that subject to the approval of the General Body, the membership right of the late Shri Bhaichand Gulabchand should be sold and the sale proceeds should be distributed in equal shares between S/Shri Jivanlal Motilal and Ranjitlal Motilal. 17. The listing application of Hindustan Sugar Mills Ltd., was considered and it was unanimously resolved to confirm the admission of its bonus shares to our list of securities traded on the Exchange. 18. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the other special requirements stipulated by us the undermentioned securities should be included in our list of Non- Cleared Securities and dealings therein should be made in the lots noted against them: Whitco Ltd. Equity 50 shares Whitco Ltd. Preference 5 shares Bhoruka Finance Co. Equity 50 shares Tirpene Industries Ltd. Equity 50 shares Ipco Packaging Ltd. Equity 50 shares Gaugavate Sugars Ltd. Equity 50 shares Gaugavate Sugars Ltd. Preference 5 shares

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

15-3-74.

Friday,15-3-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal Seth Phiroze J. Jeejeebhoy Seth B.M. Gandhi Seth Mathradas Samaldas Seth B.N. Khandelwal Seth Rasiklal Maneklal Seth Navinchandra C. Kampani Seth Jasvantlal Chhotalal Seth Vasantlal Champaklal Seth J.R. Motishaw Seth Ashokkumar G. Fozdar

Government Nominees Shri M.C. Bhatt Shri M.R. Mayya

The following business was transacted in the meeting:

1. At the start of the meeting, the President welcomed Shri M.C. Bhatt and introduced him to the members of the Board. 2. Resolved that the notices mentioned against the names of the undermentioned companies regarding cum-right and ex-right transactions in their shares should be confirmed: 1. Everest Refrigerants Ltd. Notice No: 336/74 dt. 20-2-74 2. Premier Tyres Ltd. Notice No: 358/74 dt. 22-2-74 3. Modi Spg. & Wvg., Mills Co.Ltd Notice No: 407/74 dt. 2-3-74 4. The Travancore Electro Chemical Industries Ltd. Notice No:412/74 dt. 4-3-74 5. Adarsha Chemicals & Fertilisers Ltd. Notice No: 468/74 dt. 13-3-74

3. Resolved that the notices mentioned against the names of the undermentioned companies regarding permission given for dealing in Letters of Renunciation of their new shares are confirmed: 1. The Standard Batteries Ltd. Notice No: 375/74 dt.26-2-74 2. Zandu pharmaceutical Works Ltd. Notice No: 382/74 dt.27-2-74 3. Vidia India Ltd. Notice No: 397/74 dt.1-3-74

4. Resolved that the undermentioned notices are confirmed: 1. Notice No: 385/74 dt.27-2-74 regarding continuation of cum- dividend transaction in the shares of the Phalton Sugar Works Ltd., and Notice No: 438/74 dated 9-3-74 regarding making the transactions ex-dividend in those shares. 2. Notice No: 396/74 dated 1-3-74 regarding permissibility of delivery of bonus equity shares of the Maharashtra Sugar Mills Ltd., against its old equity shares. 3. Notice No: 413/74 dt. 13-2-74 regarding permission given for dealing in coupons of the bonus equity shares of Jayant Paper Mills Ltd.

5. The applications fro help of the undermentioned institutions were considered and it was resolved to give each of them a donation of Rs.1010/- from the Association Fund. 6. The letter dated 4-3-74 of S/Shri Jehangir Dorabji Kurana and Bomi Erach Chesson regarding separation of Bomi Chesson from the partnership firm of M/s Dorabji Framji was read and taken note of. 7. The application dated 13-3-74 of S/Shri Durgashankar Udayram Shukla, Pravinchandra Durgashankar Shukla and Maheshkumar Durgashankar Shukla for partnership amongst them was read and it was resolved to approve their partnership under the firm name of M/s D.V. Shukla. 8. The application dated 13-3-74 of Bai Manorama Pandurang, widow of our late sepoy pandurang G. Kurup for giving here help for the expensies for medical treatment of the late Pandurang G. Kurup during his sickness and the expenses for post death ceremonies was considered and it was resolved that over and above the help of Rs.300/- given earlier in that respect an additional help of Rs.100/- should be given from Seth K.R.P.Shroff Stock Exchange Sarvajanik Fund. 9. The applications for loans of the undermentioned persons of our office staff was considered and it was resolved to give each of them a loan of the amount mentioned against his name below: Shri A.B. Desai Rs.1000/- Watchman Jitsingh Padamsingh Rs. 1500/- Sepoy Balkrishna Shinde Rs. 700/-

10. The letter dated 14-3-74 of S/Shri Ram U. Advani, Sunder U. Advani and Inder U. Advani were considered and it was resolved to give permission to Shri Ram U. Advani to continue the business of late Shri B.U. Advani for a period of three months. 11. The letter dated 9-3-74 of Shri Shirish Dave was read and it was resolved to give him permission to continue the business of late Shri Chimanlal Maneklal Dave for a period of 3 months. 12. The application of Shri Chimanlal Maneklal Dave dated 10-11-73 nominating Shri Shirish Chimanlal Dave as a member of the Exchange in his own place was considered and after interviewing Shri Shirish Chimanlal Dave and his recommenders S/Shri Prabhudas Liladher and Nagindas Pranjivandas it was resolved by 12 votes in favour and none against to elect Shri Shirish Chimanlal Dave as a member of the Exchange in the place of Shri Chimalal Maneklal Dave, subject to the Rules and bye-laws of the Exchange. 13. RESOLVED THAT subject to the approval of the Central Government the following amendments be and are hereby made in the Rules contained in the Stock Exchange Rules, Bye-laws and Regulations, 1957. In Rule 93(a), after the words “investment of Trust funds”, the words “or with the permission of the Central Government in Equity or Preference shares of any joint stock company” shall be added. In clause (v) of Rule 121 after the words “investment of trust funds” the words “or with the permission of the Central Government in Equity or preference shares of any joint stock company” shall be added. 14. Government letter dated 28-1-74 relating to the matter of appointment of Issue Managers and underwriters and the letter dated 11-3-74 of Enamelled Wires Ltd., regarding appointment of DEL Finance Corporation which is prepared to give a bank guarantee were considered and it was decided that apart from the public financial institutions, banks, and members of recognised Stock Exchanges, only such investment companies and trusts which are listed as also Investment Corporation of India, Industrial Investment Trust and others like them which may be approved by the Chairman, experienced and financially sound should be given permission for appointment as underwriters. 15. Government’s letter dated 19-1-74 regarding listing of equity shares allotted to Public Financial Institutions in lieu of loan/bonds/ debentures was considered. It is desirable to offer 60% of such convertible bonds and debentures to public. But, as such shares are being issued according to the Government guidelines it was resolved to write to the Government that if they desire, there will be no objection in considering such shares eligible for listing by waiving listing requirements on condition that 25-30% of such shares are offered to the public by public offer at the same price at which they have been issued. 16. The listing applications of the undermentioned were considered and it was unanimously resolved to confirm admission of their respective securities mentioned against their names to the list of securities traded on the Exchange: Sandwic Asia Ltd. Bonus Equity Gokak Patel Walcart Ltd. 36545 new equity shares allotted to shareholders of Gokak Patel Walcart Ltd. Modella Woollens Ltd. Bonus Equity J.K.Synthetics Ltd. Bonus Equity Jayshree Tea & Industries Ltd. Bonus equity Andhra Steel Corporation Ltd. New equity.

17. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the usual requirements and other special requirements stipulated by us their securities mentioned against their respective names should be admitted to our list of Non-cleared securities list traded on the Exchange and their transactions should be made in the lots specified against them: Bata India Ltd. Equity 50 shares Haryana Steel & Alloys Ltd. Equity 50 shares Haryana Steel & Alloys Ltd. Preference 5 shares Sadhana Nitro Chemicals Ltd. Equity 50 shares Sadhana Nitro Chemicals Ltd. Preference 5 shares The State Industrial and Investment Corporation of Maharashtra Ltd. – 6% bonds 1986 (a series) Rs.1000/-.

18. The letter dated 19-2-74 of the Suplex Mills Co.Ltd., was read and it was unanimously resolved that the 61/2% of 1969-74 debentures should be removed from our list of securities traded on the Exchange as they are being redeemed. 19. Resolved that S/Shri jayantilal Mansukhlal, Champaklal Balubhai Mafrfatia and Nagindas Trambaklal Parekh should be appointed as scrutineers for scrutinise of the ballot papers and declaring the result of the election of the Governing Board for the year 1974-75.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

25-4-74.

Thursday, 25-04-1974

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00pm under the Chairmanship of Seth Mathuradas Samaldas in the beginning and thereafter under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal Seth Phiroze J. Jeejeebhoy Seth B.M. Gandhi Seth Mathradas Samaldas Seth B.N. Khandelwal Seth Rasiklal Maneklal Seth Navinchandra C. Kampani Seth Jasvantlal Chhotalal Seth Vasantlal Champaklal Seth J.R. Motishaw Seth Ashokkumar G. Fozdar Seth Hiralal Gidharlal Seth Chotalal Devchand Seth Purshottam Gopiram Ruiya

Government Nominees Shri. M.C. Bhatt Shri. M.R. Mayya Shri. S. Rajgopalan

The following business was transacted in the meeting:

1. Proposed by Seth Jayant Amerchand and seconded by Seth Rasiklal Maneklal, Seth Mathradas Samaldas was unanimously elected as the Chairman of today’s meeting 2. Proposed by Seth Mathradas Samaldas and supported by Seth Rasiklal Maneklal, Seth Jayant Amerchand was unanimously elected as the President. Seth Jayant Amerchand thanked all the members of the Board for having reposed their faith in him. He congratulated Seth Purshottam Gopiram Ruiya for being elected to the Board and welcomed him expressing a sense of gratitude for the support and co-operation extended by all the members of the Board and Government nominees last year, He expressed the hope that during the current year also they will continue to give support and co-operation in the same way. 3. Proposed by Seth Rasiklal Maneklal and supported by Seth Purshottam Gopiram Ruiya, it was unanimously resolved to elect Shri Mathradas Samaldas as the Vice President 4. Proposed by Seth Rasiklal Maneklal and supported by Seth J.R. Motishaw, it was unanimously resolved to elect Seth Vasantlal Champaklal as the Hon. Treasurer 5. Resolved that Sir Shapurji Broadia, Brokers Helping Fund Committee be appointed consisting of Seth J.R. Motishaw, Seth Mathradas Samaldas, Seth Vasantlal Champaklal and Dhirajlal Manganlal 6. Resolved that the undermentioned persons be appointed as members of the Arbitration Committee for the year 1974-75 Shri. Keki N. Chinoy Shri. S. M. Shah Shri Jayantilal M. Dalal Shri. Nagindas Trambuklal Shri. Champaklal Babubhai Marfatia Shri. V. K. Nanavate Shri. M. L. Kaji Shri. Jayendra D. Mehta Shri. L.N. Kapadia Shri. H. N. Sonawala Shri. D.U. Shukla Shri. Rasiklal S. Jhaveri Shri. Hariram Dwarkadas Shri. Govindbhai B. Amin Shri. Bhgubhai Amithalal Gandhi Shri. Jitendra Champklal Mashruwala At this point of time Shri. B.M. Gandhi arrived and joined the meeting 7. Resolved that the Defaulter Committee for the year 1974-75 should be appointed consisting of the undermentioned members Shri. J. R. Motishaw Shri. Keti N. Chinoy Shri. Vasantilal Champaklal Shri. Jayantilal Mansuklal Dalal Shri. Vasantlal Kantilal Shah Shri. Rasiklal S. Jhaveri

8. Resolved to appoint the Building Committee consisting of the undermentioned members Shri. Mathurdas Samaldas Shri. Jaswantilal Chhotalal Shri. J. R. Motishaw Shri. Govardhandas Bhagwandas Shri. Laldas Yamunadas Shri. Dhirajlal Maganlal Shri. Rasiklal Maniklal Shri. Vasantlal Kantilal Shah

9. Resolved that cheque be signed by the President Shri Jayant Amerchand of the Chirman Shri P. J. Jeejeebhoy, or the Vice President Shri Mathradas Samaldas, or thr Hon. Treasurer Shri Vasantlal Champaklal and any one of the following seven members of the Governing Board namely Shri Rasiklal Maneklal, Shri Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah , Shri Jasvantlal Chhoatalal and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah. 10. Resolved that the various Current Accounts and Safe Custody Accounts of the Exchange with Bank of India be operated on jointly by the President, Shri Jayant Amerchand, of the Chairman Shri P. J. Jeejeebhoy, or the Vice President Shri Mathradas Samaldas, or of the Hon. Treasurer Vasantlal Champaklal and by any one of the following seven members of the Governing Board, namely Shri Rasiklal Maniklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharial, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah 11. Resolved that the Current Accounts and Safe Custody Accounts with Bank of India in the name of the Stock Exchange Sroff Provident Fund and The Stock Exchange Shroff Gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being or the survivors or survivor of them or jointly by the Hon Treasurer, Vasantlal Champaklal and any one of the following seven members of the Governing Board, namely, Shri Rasiklal Maniklal, Shri Navinchandra C. Kampani, Shri. Hiralal Girdharlal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvant Chhotalal, and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah. 12. It was noted that the Electronic Equipment purchased from Electronic Corporation of India Ltd. at a price of approximately Rs. 15 Lakhs has arrived and resolved that a loan should be taken from Bank of India in that connection and needful should be done 13. Resolved that the notices regarding cum-right and Ex-right transactions in the shares of the Companies mentioned below against their names should be confirmed: 1. Hindustan Wires Ltd.- Notice No. 530/74 dated 19-3-1974 2. T. Maneklal Manufacturing Co. Ltd. – Notice No. 606/74 dated 28-3- 1974 3. Chougule Steamship Ltd. – Notice No. 700/74 dated 11-04-1974 4. Sardedai Brothers Ltd. – Notice No. 738/74 dated 18-04-1974 5. First (India) Steel Co. Ltd. Notice No. 761/74 dated 22-04-1974 14. Resolved that the Notices regarding deliverability of the new shares of the Companies against their old shares mentioned against their names below should be confirmed: 1. Silvania & Laxman Ltd. – Notice No. 568/74 dated 25-03-1974 2. Bilaspur Spg. Mills and Industries Ltd. – Notice No. 607/74 dated 28-03-1974 3. Somani Steels Ltd. – Notice No. 623/74 dated 30-03-1974 4. Mirch Merey Ltd. – Notice No. 731/74 dated 17-04-1974 5. Swan Mills Ltd. – Notice No. 766/74 dated 23-04-1974 15. Resolved that the notices giving permission to deal in letters of renunciation of their new shares of the Companies mentioned against their names below should be confirmed: 1. Everest Refrigerator Ltd. – Notice No. 488/74 dated 16-03-1974 2. Asian Electronics Ltd. – Notice No. 494/74 dated 16-03-1974 3. W. S. Insulators of India Ltd. – Notice No. 528/74 dated 19-03- 1974 4. The Travancore Electro-Chemicals Industries Ltd. – Notice No. 637/74 dated 01-04-1974 5. Heiks Thermometers India Ltd. – Notice No. 664/74 dated 05-04- 1974 6. Adarsh Chemicals Fertilisers Ltd. – Notice No. 736/74 dated 18-04- 1974 16. Resolved to confirm the undermentioned notices: 1. The Notice No. 715/74 dated 15-04-1974 regarding making of the transaction in the shares of the Ahmedabad Electricity Co. Ltd. Ex-dividend from 26-04-1974 2. The Notice No. 726/74 dated 26-04-1974 for not doing transaction in the shares of Haryana Coated Papers Ltd. 17. Resolved that the arrangements regarding, the conditions relating to the BEST Electric Sub- station for our new building and giving on lease the required space should be approved and whatever else needful is required to be done should be done. 18. It was resolved as under regarding the tender for the working of our new building: A) Plumbing: From the tenders of Bombay & Co. for approximately Rs. 17,07,000/- and from M/s. Nipa Sanitation of approximately Rs. 16,62,000/-, the tenders of M/s. Bombay & Co. has been accepted which should be approved B) Electric Installation: From the tenders of M/s. Shah Electric Co. of approx Rs. 22, 76, 000/- and of Engineering Construction Co. of approx Rs. 24,57,000/-, the tender of M/s. Shah Electric Company has been accepted which should be approved. C) Lifts: The tender of M/s. Otis Elevators Co. (India) Ltd. Of approx Rs. 45,31,000/- for eight lifts should be accepted. 19. The application for help of Shipoxi Sikshan Prasarak Mandal was considered and it was resolved to give it a donation of Rs. 251/- from the Stock Exchange Education and Research Services 20. The application dated 27-03-1974 of Shri. T.G. Babu of our office for giving him assistance towards the medical expenses incurred by him during his sickness was considered and it was resolved to give him help of Rs. 400/- from the “ Seth KRP Shroff Stock Exchange Sarvajanik Fund” 21. The application for loans of the undermentioned persons of our office staff were considered and it was resolved to give each of them a loan of the amount mentioned against his names: Shri. S.M. Davda Rs. 2,000/- Shri V. T. Manjrekar Rs. 2,000/- Shri. M. K. Shivraman Rs. 1,000/- Sepoy Vijay Narayan Rs. 500/- Sepoy Madhukar Bhiwa Rs. 1,500/- Bhat Chhogaram Gangaram Rs. 200/-

22. The application dated 19-04-1974 of Shri. K. Ambujakshana for giving him assistance of the fees of Rs. 300/- for the Punch Operating Course of Davar’s College of Commerce was considered and it was resolved to give him that much amount from Shri. M.C. Mehta Smarak Fund 23. The application of M/s. Narendradas and Sons for giving them extension of time for filing an appeal against the decision of the lower bench of the Arbitration Committee in the dispute between M/s. Chimanlal Mohanlal and M/s. Narandas & Sons was considered and it was resolved to give them an extension of time upto 04-05-1974 for filing the appeal. 24. The letter dated 01-04-1974 of Shri. Purshottam Mahavir Prasad Rungta and Satyanarayan Bhuramal was read and it was noted that Shri. Satyanarayan Bhuramal had separated form the firm of M/s. Mahavir Prasad Badridas with effect form 30-03-1974 25. The undermentioned partnership were approved:

Name of the Name of Partners Date of Partnership Firm Partnership

M/s. D. A. Shah & 1. Shri. Dolatrai Amratlal Shah 01-04- 1974 Sons 2. Shri. Pankaj Dolatrai Shah

M/s. Natwarlal & Sons 1. Shri. Prabvinchandra Natwarlal 01-04- 1974 2. Shri. Navinchandra Natwarlal

26. The letter dated 26-03-1974 of Shri. Dipchand L. Tasvala and M/s. G.M. Shah were read and it was resolved to confirm the permission given to M/s. G.M. Shah to do business as a representative member of Shri. Dipchand L. Tasvala 27. Bai Taramati Bhaichand and Shri. Chandravadan Bhaichand Muchhala and Ajit Bhaichand Muchhala’s letter dated 22-04-1974 was considered and it was resolved to give permission to Shri. Chandravadan Bhaichand and Ajit Bhaichand to continue the business of the late Shri. Bhaichand Juiraj Muchhala for a period of three months. 28. The letter dated 19-03-1974 of Shri. Dinesh Valji was read and it was resolved to give him permission to continue the business of M/s. Valji Bhimji for a period of three months 29. The application dated 14-03-1974 of Shri. Lalitkumar Ramanbhai Sheth nominating Shri. Manharlal Ramanlal Balubhai Parekh as a member of the Exchange in his own place was considered and after interviewing Shri. Manharlal Balubhai Parekh and his recomders Shri Angiras Bhogilal Mehta and Govindbhai B. Desai it was resolved by 13 votes in favour and none against to elect elect Shri. Manharlal Balubhai Parekh as a member of the Exchange, subject to the Rules, Bye Laws and Regulation of the Exchange. 30. The application dated 28-03-1974 of the near relative of late Shri. Valji Bhimji nominating Shri. Dinesh Valji as a member of the Exchange in the place of the Late. Shri Valji Bhimji was considered and after interviewing Shri. Dinesh Valji and his recommenders Shri. K. Kheswala and Manek H.P. Byramji it was resolved by 9 votes in favour and 4 against to elect Shri. Dinesh Valji Jeshram as a member of the Exchange in the place of the Late Shri. Valji Bhimji Jeshram, subject to the Rules and Regulations of the Exchange on the condition that he should not do business in the market in his own name and even thereafter he should not do business in the market in his own name without obtaining prior permission of the board. 31 The application dated 06-03-1974 of the near relatives of the Late Shri. Vithaldas Pitambar nominating Shri. Pravinchadra Vithaldas as a member of the Exchange in the place of the Late Shri. Vithaldas Pitambar was considered and after interviewing Shri. Pavinchandra Vithaldas and his recommenders Shri. N.C. Lodhiwala and Vinay Chandra Narbheram Parekh it was resolved by 12 votes in favour and 1 against to elect Shri. Pravinchadra Vittaldas as a members of the Exchange in the place of the Late Shri. Vithalda Pitamber, subject to the Rules and Regulations of the Exchange on the condition that he will not do business in the market in his own name without obtaining the permission of the Board. At this point of time Shri. Mathurdas Samaldas left the meeting. 32. The application of the near relative of the Late Shri. Sagarmal R. Loyalka nominating Shri. Purshottam S. Loyalka as a member of the Exchange in the place of the Late Shri. Sagarmal R. Loyalka was considered and after interviewing Shri. Purshottam S. Loyalka and his recommenders Shri. B.P. Rungta and Shri. G.D. Bagre it was resolved by 11 votes in favour and 1 against to elect Shri. Purshottam S. Loyalka as a member of the Exchange in the place of the Late Shri. Sargarmal R. Loyaka subject to the Rules and Regulations of the Exchange. 33. The letter dated 25-01-1974 of Shri. Jayantilal Jeshinglal and the letters dated 25-01-1974 and 11-01-1974 of Shri. Shivdas Thakarsi were considered and it was resolved to note the claim of Rs. 15,000/- of Shri. Jaynatilal Jeshihglal against the membership right of Shri. Shivdas Thakarsi 34. The Letters dated 14-03-1974 and 10-04-1974 of the United Commercial Bank Ltd. And the National Newsprint and Paper Mills Ltd. Respectively were considered and it was unanimously resolved to remove their shares from our list of securities traded on the Exchange as they do not wish to continue their shares in our list of securities traded on the Exchange. 35. The listing applications of the undermentioned Companies were considered and it was unanimously resolved to confirm listing of their below mentioned securities for trading on our Stock Exchange: The Ahmedabad Advance Mills Ltd. New Equity Jayant Paper Mills Ltd. Bonus Equity Raymond Woollen Mills Ltd. Bonus Equity Rallis India Ltd. 93,000 New Equity shares allotted to the shareholders of Tata Fison Industries Ltd.

36. The listing application of the undermentioned Companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirement stipulated by us, their below mentioned securities should be admitted to our list of Non Cleared Securities and transactions in these securities should be done in the lots mentioned against them.

Oriental Hotels Ltd. Equity 50 Shares Oriental Hotels Ltd. Preference 5 Shares Enamelled Wires Ltd. Equity 50 Shares Gujarat Mines Steel Ltd. Equity 50 Shares Ram Keshav ispat Ltd. Equity 50 Shares Trade Wings Ltd. Equity 50 Shares Deccan Farms and Distillers Equity 50 Shares Ltd. Milk Food Ltd. Equity 50 Shares Hess Ltd. Equity 50 Shares Dynamatic Hydrolics Ltd. Equity 50 Shares City 2 Industrial Development 7.25 % Debentures Rs. 1000/- Corporation of Maharashtra 1989 Ltd. Maharashtra Holeship Board 6% Debentures 1984 Rs. 1000/- and 1985 Andhra Valley Power Supply 8 ½ % 5th Debentures Rs. 1000/- Co. Ltd. The Tata Hydro Electric Power 8 ½ % 4th Debentures Rs. 1000/- Supply Co. Ltd. Tata Powers Company Ltd. 8 ½ % 6th Debentures Rs. 1000/-

37. “Resolved that the following amendments be made in Appendix B to Regulation 2 of the Stock Exchange Rules, Bye-laws and Regulations, 1957: In sub-clause ( c) of clause 3 for the words “renewal or exchange”, the words “renewal, exchange or endorsement of calls” shall be substituted; and after the words “Pucca Transfer Receipts”, the words “in denominations corresponding to the market units of trading” shall be added.

In clause 4 in sub-clause (c ), for the words “Consolidation, Renewal and Pucca Transfer Receipts”, the words “Consolidation and Renewal Receipts” shall be substituted; and for sub-clause (e), the following shall be substituted, namely:

“(e) to issue call notices and splits and duplicates thereof in a standard form acceptable to the Exchange, to forward a supply of the same promptly to the Exchange for meeting requests for blank split and duplicate call notices, to make arrangements for accepting call moneys at all centres where there are recognised stock exchanges and not to requires any discharge on call receipts”

In sub-clause (d) of clause 31, for the full stop at the end, a semi-colon shall be substituted; and after the said sub-clause (d), the following new sub-clause (e) shall be inserted, namely:

“(e) three copies of all notices, circulars, etc. issued or advertised in the press either by the Company, or by any company which the Company proposes to absorb or with which the Company proposes to merge or amalgamate, or under orders of the Court or any other statutory authority in connection with any merger, amalgamation, re-construction, scheme or arrangement, including notices, circulars, etc. issued or advertised in the press in regard to meetings of shareholders or debenture holders or creditors or any class of them and copies of the proceedings at all such meetings.” For Schedule II, the following shall be substituted, namely: “Schedule of Listing Fees” 1.INITIAL LISTING FEE … Rs.1,000 2. ANNUAL LISTING FEE : Companies on the Cleared Securities List … Rs. 3,000 Other Companies with paid-up shares and/or debenture capital Under Rs. 10 lakhs … Rs. 300 From Rs.10 lakhs but under Rs. 25 lakhs … Rs. 500 From Rs. 25 lakhs but under Rs. 50 lakhs … Rs.1000 From Rs. 50 lakhs but under Rs. 1 crore … Rs. 1500 From Rs. 1 crore but under Rs. 5 crores … Rs.2500 Rs. 5 crores and over …. Rs.3000” 38. Resolved that a Notice should be issued as under: 1) “ As directed by the Governing Board all the members of the Exchange are hereby informed that if any company has declared in the Prospectus that it will make an application to our Exchange for listing, then so long as the shares of such company are not listed on our Exchange members cannot do business in the shares of that Company in the market among themselves, even though permission might have been given to do business in those shares on any other stock exchange. 2) If any Company has made a declaration on its Prospectus about making a listing application on any other Stock Exchange and not ours, then members will be free to do business in such shares only after they are listed on that Exchange and no transactions in such shares should be made prior to that. 3) Members are specially warned that if any member is hereafter found to have done business in new shares otherwise than as above he will be liable to severe punishment”

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

Dt: 2-7-74

Tuesday, 2-7-1974

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Hiralal Gidharlal Seth Phiroze J. Jeejeebhoy Seth J.R. Motishaw Seth Mathradas Samaldas Seth Navinchandra C. Kampani Seth Vasantlal Champaklal Seth A.R. Mahadevia Seth Vasantlal Jivanlal Seth B.M. Gandhi Seth Vasantlal Kantilal Shah Seth Chotalal Devchand Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Purshottam Gopiram Ruiya

Government Nominees Shri. M.C. Bhatt Shri. M.R. Mayya Shri. S. Rajgopalan

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned Companies regarding cum-right and Ex-right transactions in their shares are confirmed: 1. Unicorn Tyres Ltd. Notice No. 841/74 dated 30-04-74 2. Warver Hindustan Ltd. Notice No. 849/74 dated 02-05-74 3. Indo-Burma Petroleum Co. Ltd. Notice No. 851/74 dated 04-05-74 4. J.L. Morison Son and Jones (India) Ltd. Notice No. 864/74 dated 04-05-74 5. Century India Ltd. Notice No. 910/74 dated 11-05-74 6. Modi Rubber Ltd. Notice No. 980/74 dated 20-05-74 7. Dalmia Cement (Bharat) Ltd. Notice No. 988/74 dated 21-05-74 8. Automobile Products of India Ltd. Notice No. 1020/74 dated 24-05-74 9. Crompton Greaves Ltd. Notice No. 1038/74 dated 27-05-74 10. The Tata Mills Ltd. Notice No. 1188/74 dated 19.08.74 11. Navsari Cotton and Silk Mills Ltd. Notice No. 1204/74 dated 21-06-74 12. I.T.C. Ltd. Notice No. 1225/74 dated 25-06-74 2. Resolved that the notices mentioned against the names of the undermentioned Companies regarding deliverability of their new shares against old shares are confirmed:

1. The Jaybharat Credit and Investment Notice No. 852/74 dated 4- Co. Ltd. 05-74 2. Kamani Engineering Corporation Ltd. Notice No. 923/74 dated 13- 05-74 3. Andhra Steel Corporation Ltd. Notice No. 961/74 dated 17- 08-74 4. The Bharat Rayon Corporation Ltd. Notice No. 1010/74 dated 23-05-74 5. Ahmedabad Advance Mills Ltd. Notice No. 1112/74 dated 07-06-74

3. Resolved that the notices mentioned against the names of the undermentioned Companies regarding the permission given for dealing in letters of Renunciation and confirms of the new shares are confirmed. 1. Unicorn Tyres Ltd. Notice No. 1135/74 dated 11-06-74 2. J. L. Morison, sons and Notice No. 1148/74 dated 14-06-74 Jhones (India) Ltd.

4. Resolved that the notices mentioned against the names of the undermentioned companies regarding permission given for dealing in coupons of their bonus shares are confirmed: 1. Bharat Bijlee Ltd. Notice No. 814/74 dated 27-04-74 2. T. Maneklal Manufacturing Notice No. 974/74 dated 18-05-74 Co. Ltd.

5. The application for help of India Red Cross Society dated 03-06-74 was considered and it was resolved to give it an assistance of Rs. 101 from the Association Fund. 6. The application dated 19-04-74 of Sarvodaya Arogya Nidhi for giving help to “Shri. Maneklal Nathalal Vakharia Sarvodaya Arya Hospital” was considered and it was resolved to give help of Rs. 5,000/- for that from Sheth K.R. P. Shroff Stock Exchange Sarvajanik Fund. 7. The application dated 07-06-74 of our Chief Statistical Officer to give him a loan of Rs. 18,000/- for purchasing a Motor Car was considered and it was resolved to give him the said loan. 8. The appliacation dated 6-6-74 of our sweeper Kharecha Dhureram was considered and it was resolved to give him a loan of Rs. 1,400/- 9. The application dated 30-04-1974 of Shri N.M. Ali for giving him an assistance of Rs. 300/- for doing a fund operating course was considered and it was resolved to give him an assistance of that amount from M.C. Mehta Smarak Fund. 10. The application dated 19-06-74 of Bai Manorama Pandurang Kurup, widow of our late sepoy Shri Pandurang Gopal Kurup was considered and it was resolved to pay her the amount of Rs. 6,804/56 accumulated in the Provident Fund of Sepoy Pandurang Gopal Kurup and the amount of the gratuity of Rs. 6,850/- 11. The letter dated 24-05-74 of S/Shri Laxmidas Thakar Kothari and Kaushik Laxmidas Kothari was considered and it was noted that Shri kaushik Laxmidas Kotahri had separated from the partnership firm of M/s. Kothari & Co. 12. The application dated 24-06-74 for a partnership between S/Shri Tribhuvandas Mulchand Gandhi and Dhanesh Tribhuvandas Gandhi was considered and it was resolved to approve their partnership under the firm name of M/s. Tribhovandas M. Gandhi with effect from 01-06-74 13. The letter of the undermentioned members were read and it was resolved to confirm the permission given to them to do business as Representative Members: Nominating Members Representative Members M/s. Narbheram Harakchand Shri Pravinchnadra Vithaldas M/s. Lewis & Jones M/s. Valji Bhimji & Co.

14. The application dated 18-05-74 of M/s. Mohanlal Nagardas & Co. for giving them extension of time for filing an appeal against the decision of the lower bench of Arbitration Committee in the dispute between M/s. Chimanlal Maneklal Dave and M/s. Mohanlal Nagardas & Co. was considered and it was resolved to give M/s. Mohanlal Nagrdas & Co. time upto 10-07-74 for filing an appeal in that matter 15. The letter dated 27-5-74 of S/shri Ram V Advani was considered and it was resolved to give Shri Ram V. Advani two months more time for continuing the business of Late Shri B. V. Advani 16. The letter dated 26-3-74 of Shri Vinitkumar P. Parikh asking for permission to do business in the market in his own name was considered and it was unanimously resolved to give him such permission. 17. The application dated 18-4-74 of Shri Kantilal Hiralal Choksi nominating Shri Hasmukhlal Maneklal Shah as a member of the Exchange in his own place was considered and after interviewing Shri Hasmukhlal Maneklal Shah and his recommenders S/Shri. Navalchand Tarachand Shah and Arvind C Dalal it was resolved by 14 votes in favour and none against to elect Shri Hasmukhlal Maneklal Shah as a member of the Exchange in the place of Shri Kantilal Hiralal Choksey subject to the Rules and Regukations of the Exchange. 18. The application dated 7-6-74 of Shri Tribhuvandas Mulchand Gandhi nominating Shri Dhanesh Tribhovandas as a member of the Exchange in his own place was considered and after interviewing Shri Dhanesh Tribhovandas Gandhi and his recommenders S/Shri B.T. Parekh and Vrijlal Lallubhai it was resolved by 14 votes in favour and none against to elect Shri Dhanesh Tribhovandas Gandhi as a member of the Exchange in the place of Shri Tribhovandas Mulji Gandhi, subject to the Rules and Regulations of the Exchange. 19. The application dated 12-06-74 of Shri Nanalal Vadilal nominating Shri Mithalal Somchand Shah as a member of the Exchange in his own place was considered and after interviewing Shri Mithalal Somchand Shah and his recommenders S/Shri Vrijalal Lallubhai and N. P. Shah it was resolved by 14 votes in favour and none against to elect Shri Mithalal Somchand Shah as a member of the Exchange in the place of Shri Nanalal Vadilal subject to the Rules and regulations of the Exchange. 20. The applications dated 4-6-74 of the near relatives of the late Shri Mansukhlal Lallubhai as a member of the Exchange in the place of the Late Shri Mansukhlal Lallubhai was considered and after interviewing Shri Lallubhai Nagardas and his recommenders S/Shri Chhaganlal Nagardas and Jayantilal R. Khandwala it was resolved by 14 votes in favour and none against to elect Shri Ramdas Lallubhai as a member of the Exchange in the place of the Late Shri Mansukhlal Lallubhai, subject to the Rules and Regulations of the Exchange. 21. The application dated 10-06-74 of the near relatives of Late Shri Girdharlal Gulabchand nominating Shri Maganlal Ladhabhai Parekh as a member of the Exchange in the place of the Late Shri Girdharlal Gulabchand was considered and after interviewing Shri Maganlal Ladhabhai Parekh and his recommenders S/Shri Jitendra Champaklal Mashruwala and G. R. Pandya, it was resolved by 14 votes in favour and none against to elect Shri Maganlal Ladhabhai Parekh as a member of the Exchange in the place of Late Shri Girdharlal Gulabchand subject to the Rules and Regulations of the Exchange on the condition that as told by him he produced before the Chairman a satisfactory certificate regarding payment of tax. 22. As regards the application dated 29-11-73 pf the near relatives of the Late Shri Harisdas Jadavji nominating Shri Kalyanji Haridas in the place of the Late Shri Harisdas Jadavji the letter dated 1-7-74 of Shri Kalyanji Haridas Sheth withdrawing his membership application was read and noted. 23. Governments letter dated 10-05-74 regarding appointment of underwriters was considered and the matter was postponed for further consideration. 24. Resolved that we should promote a Company named “ The Stock Exchange Services (Pvt.) Ltd.” With a capital of Rs. 10 Lakhs and should obtain Governments permission for taking up shares of that company upto that much amount. 25. The letter dated 24-5-74 of the Gwalior Rayon Silk Mfg (Wvg.) Co. Ltd. Was read and it was unanimously resolved to remove their Debentures from our list of Securities traded on the Exchange as they are being redeemed 26. The listing applications of the under mentioned Companies were considered and it was unanimously resolved to confirm admission of their below mentioned securities to our list of securities traded on the Exchange: 1. The Westcoast Paper Mills Ltd. New Equity 2. The Poddar Mills Ltd. Bonus Equity 3. Jayshree Chemicals Ltd. 78,750 New Equity shares allotted to International Finance Corporation 4. Great Eastern Shipping Co. Ltd. Bonus Equity 5. T. Maneklal Mfh. Co. Ltd. Bonus Equity 6. Colour Chem Ltd. Bonus Equity 7. Associated Bearing Co. Ltd. Bonus Equity 8. Chougule Steamship Ltd. Bonus Equity 27. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to listing Rules and Regulations, as well as compliance with the usual requirements and other special requirements stipulated by us, their below mentioned securities should be admitted to our list of Non-Cleared Securities and trading in those securities should be done in the lots specified against them. 1. The Vazir Sultan Tobacco Co. Ltd. Equity 100 Shares 2. Searl (India) Ltd. Equity 50 Shares 3. Nalanda Ceramics & Industries Ltd. Equity 50 Shares Preference 5 Shares 4. Rathi Chemicals Equity 50 Shares 5. Allied Steels Ltd. Equity 50 Shares 6. Stretch Fibres (India) Ltd. Equity 50 Shares 7. Khandwala Herman Electronics Ltd. Equity 50 Shares 8. Universal Cans and Containers Ltd. Equity 50 Shares 9. The Sandur Manganese and Iron Ltd. New Equity 50 Shares 10. The Sandur Manganese and Iron Ltd. 9.8 % 5 Shares Preference Shares 11. Elecon Engineering Co. Ltd. New 5 Shares Preference 12. Bombay Suburban Electric Supply Ltd. New 5 Shares Preference 13. Bombay Suburban Electric Supply Ltd. ‘F’ Class 5 Redeemable Debentures Convertible Debentures 14. The Industrial Credit and Investments 8 ¼ % Rs. 5000 Corporations of India Debentures 1986 15. Firth (India) Steel Co. Ltd. 9.8 % 5 Shares Preference Shares 16. Mahindra & Mahindra Ltd. 9.8 % 5 Shares Preference Shares

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

Dt: 12-7-74

12-7-1974

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00pm under the Chairmanship of Seth Jayant Amerchand wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Hiralal Girdharlal Seth Phiroze J. Jeejeebhoy Seth J.R. Motishaw Seth Mathradas Samaldas Seth Rasiklal Maneklal Seth Vasantlal Champaklal Seth Navinchandra C. Kampani Seth Vasantlal Jivatlal Seth B.M. Gandhi Seth Vasantlal Kantilal Shah Seth Chotalal Devchand Seth Laldas Jamnadas Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya

Government Nominees Shri. M.R. Mayya

The following business was transacted in the meeting:

1. The prevailing market situation was considered and it was unanimously resolved to issue a notice as under: “All the members as hereby informed tat the Governing Board has resolved that with effect from Saturday 13-7-74 dealings in the market should be done subject to the restrictions mentioned hereunder: 1. In the none of the Equity shares purchase or sale transactions can be effected at a price lower than 7% of the official closing price of that share as on Thursday 4-7-74. These prices will be effective till the first Monday dt. 15-7-74 and thereafter will be reviewed. 2. Until further notified, transactions in active shares which are included in Form No:6-7-A, shall be subject to the additional restrictions mentioned below: a. Jobbing type business cannot be done in the said shares. b. In those shares sale can be effected only for squaring up the members outstanding net purchase position after adjusting according to the market practice. No sale can be effected beyond. c. In those shares, purchase can be effected only upto the limit of and for squaring up of the net outstanding sale position of the member after adjustment according to the market practice. New purchases can also be done in those shares over and above the purchase made as above. However, such newly purchased shares cannot be sold again but it will be obligatory to take delivery of such shares. d. Spot delivery transactions of such shares can be effective. Changes will be made in the abovementioned restrictions from time to time as may be necessary according to the prevailing circumstances. Those violating the restrictions will be suspended”. 2. Unanimously resolved as under: “ Resolved that the Chairman be and is hereby authorised to exercise any of the powers (except the power to make to, add to, vary and rescind the Rules and Bye-laws of the Exchange and authorities of the Governing Board”.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

22-7-74

22-7-1974

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Rasiklal Maneklal Seth Mathradas Samaldas Seth Navinchandra C. Kampani Seth Vasantlal Jivatlal Seth B.M. Gandhi Seth Vasantlal Kantilal Shah Seth Chotalal Devchand Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Hiralal Gidharlal Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya Shri S. Rajgopalan

The following business was transacted in the meeting:

1. Resolved that the notices regarding cum-right and ex-right transactions in the shares of the undermentioned companies mentioned against their respective names and confirmed: 1) National Standard Duncan Ltd. Notice No:1264/74 dt. 1-7-74 2) Wool Combers of India Ltd. Notice No:1297/74 dt. 4-7-74 3) Digvijay Woollen Mills Ltd. Notice No:1346/74 dt.11-7-74 4) Khandelwal Ferro Alloys Ltd. Notice No:1361/74 dt.15-7-74 5) Vickers Sperry of India Ltd. Notice No:1364/74 dt.15-7-74 6) South India Shipping Co.Ltd. Notice No:1403/74 dt.19-7-74 2. Resolved that the Notices regarding permission given for dealing in Letters of Renunciation of the new shares of the undermentioned companies below should be confirmed: 1) Automobile Products of India Ltd. Notice No:1284/74 dt. 3-7-74 2) Haryana Coated Papers Ltd. Notice No:1365/74 dt.15-7-74 3. Resolved that the undermentioned notices should be confirmed: 1) The Notice No:1267/74 dated 1-7-74 regarding dividend on the shares of Chemo Pharma Laobratories Ltd. 2) Notice No:1292/74 dated 4-7-74, 1303/ dated 7-7-74, Notices No:1304/74, 1305/74 and 1310/74 dated 7-7-74 and No:1368/74 dated 16- 7-74 regarding changes made in the settlement programmes because of heavy rains and disorganisation of Railway services. 3) Notice No: 1293/74 dated 4-7-74 regarding continuation of cum-dividend transactions of the shares of “S.L.M. Maneklal Industries” and “Tata Oil Mills Co. Ltd.”. 4) Notice No: 1287/74 dated 4-7-74 regarding keeping the market closed on Friday 5-7-74 and keeping it open on Saturday 6-7-74 because of heavy rains and also Notice No:1302/74 dated 6-7-74 regarding keeping the market closed on Saturday 6-7-74 and keeping it open on Monday 8-7-74. 5) Notice No:1314/74 dated 8-7-74 directing not to do transactions in the shares of Uttar Pradesh Hotels and Restaurants Ltd. 6) Notice No: 1360/74 dated 13-7-74 regarding keeping the market closed on 16-7-74. 7) Notice No: 1399/74 dated 19-7-74 giving permission to deal in coupons of the bonus shares of Amar Dyechem Ltd. 4. The application dated 7-5-74 of M/s Jasvantlal Chhotalal & Co., to give them extension of time for filing an appeal against the decision of the Lower Bench of the Arbitration Committee in the dispute between Shri M.M. Upadhyay and M/s Jaswantlal Chhotalal & Co., regarding 50 shares of Philips India was considered and it was resolved to give them extension of time for filing an appeal upto 29-7-74. 5. The application dated 22-6-74 of M/s Chimanlal Maneklal to give them extension of time for filing an appeal against the decision of the Lower Bench of the Arbitration Committee in the dispute between Shri S.M. Shah and M/s Chimanlal Maneklal regarding 100 shares of Philips India was considered and it was resolved to give them extension of time upto 29-7-74 for filing an appeal. 6. The application dated 13-7-74 of Shri Nariman N. Dubash of our office for giving him a loan was considered and it was resolved to confirm the loan of Rs.3000/- given to him. 7. The application dated 2-7-74 of Shri K.B.S. Rao for giving him a loan was considered and it was resolved to give him a loan of Rs. 2500/-. 8. The application dated 2-7-74 of Shri A.B.Desai of one officer was considered and it was resolved to give him assistance of Rs.178.50p from Shri S.M. Mehta Smarak Fund for the college fee for the first term of B.Com –Part 1. 9. The letter dated 11-7-74 of Bai Taramati Bhaichand Muchala and S/Shri Chandravadan Bhaichand Muchala and Ajit Bhaichand Muchala was considered and it was resolved to give permission to S/Shri Chandravadan Bhaichand and Ajit Bhaichand to continue the business of the late Shri Bhaichand Jivraj Muchala for a further period of two more months. 10. The President referred to the Resolution passed in the General Body Meeting of the Stock Exchange held on the 31st August, 1971 and reported that the stock exchange has approached Bank of India for a loan of Rs. 15,00,000/- to finance purchase of a TDC-16 Central Processor Unit with peripheral equipment. The President requested the Governing Board to pass requisite resolutions to avail of the loan facility from Bank of India. IT WAS RESOLVED AS FOLLOWS: 1. THAT the Stock Exchange do borrow a sum upto Rs. 15,00,000/- by way of Demand loan from the Bank of India on the terms, conditions and security mentioned below: Limit: Rs. 15,00,000/- Term: Demand- Without prejudice to the demand nature, the loan is to be repaid within a period of 5 years by annual instalments of Rs 3 lakhs. Rate of Interest: 5% over Bank rate, minimum 12% p.a. with quarterly rests, or any other rate/s notified by the Bank from time to time. Security : 1) Demand Promissory Note for Rs.15,00,000/- and interest at the rate aforesaid to be executed by the Stock Exchange in favour of the Bank. 2) Continuing Security Agreement. 3) Hypothecation fo the TDC-16 Central Processor Unit and other accessories thereof. 4) Letter of Lien and Set-off. Margin: 15%

2. THAT as security for due repayment of the said loan and interest at the rate aforesaid or any other rate/s notified by the Bank from time to time, the Stock Exchange do execute in favour of the Bank the documents referred to below, viz: a) Demand Promissory Note for Rs. 15,00,000/- and interest at the rate aforesaid in favour of the Bank. b) Letter of continuing security. c) Letter of Hypothecation of the TDC-16 Central Processing Unit and accessories thereof, d) Letter of lien and set-off, in terms of the forms of these documents which are produced to the Governing Board. 3. THAT the said documents, viz.: i) Demand Promissory Note for Rs. 15,00,000/- ii) Letter of continuing security. iii) Agreement of Hypothecation iv) Letter of Lien and set-off. be signed on behalf of the Stock Exchange by Shri Jayant Amerchand the President and Shri Vasantlal Champaklal Member of the Governing Board and countersigned by the Secretary Shri A.J.Shah and the seal of the Exchange be affixed thereto and that such documents be thereafter delivered to the Bank. 4. THAT the Stock Exchange hereby declares and assures the Bank that its total borrowings including the loan facility mentioned above are within the borrowing limit sanctioned by the resolution passed at the General Body Meeting of the Members of the Stock Exchange held on the 31st day of August, 1971 viz., Rs.2,50,000/-. 5. THAT the said loan account be operated upon and instructions concerning the same way be given by and any acknowledgements or confirmation of debt and/or security which may be required by the Bank from time to time may be executed on behalf of the Stock Exchange by the President and a Member of the Governing Board and countersigned by the Secretary of the Stock Exchange. 6. AND THAT a copy of the foregoing resolutions certified to be a true copy by the President be furnished to the Bank. 11. The prevailing market situation was considered and it was resolved to issue a notice as under: “ All the members are hereby informed that the Governing Board has resolved that effective from Tuesday 23-7-74 transactions in whichever equity shares are done, cannot be done at a price lower than 10% of the official closure price of that share on Thursday 4-7-74. These prices will be effective until Thursday 25-7-74 and thereafter will be again reviewed. The members should especially note that the other restrictions mentioned in the Notice No:1352-74 dated 12-7-74 continue without any other change”. 12. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm admission of their securities mentioned against their names to our list of securities traded on the Exchange: Premier Tyres of India Ltd. …. Bonus Equity Polsteels India Ltd …. New Equity Jayant Paper Mills Ltd. …. New Equity Amar Dye-Chem Ltd. …. Bonus Equity 13. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the usual requirements and other special requirements stipulated by us their securities mentioned against their respective names should be admitted to our list of Non-cleared securities list traded on the Exchange and their transactions should be made in the lots specified against them: W.G. Forge and Allied Industries Ltd. Equity …. 50 shares Sika Breweries Ltd. Equity …. 50 shares Traco Carbide Ltd. Equity …. 50 shares Bhagyodaya Investment Co. Ltd. Equity … 50 shares

14. Shri J.T. Halai had informed by his letter dated 18-1-74 that he had stopped all his business and that members should be informed about it. Notice about it had been placed on the same date and thereafter he had been warned again and again that he should not do business in his own name without the permission of the Board because of the reasons mentioned in our letter to him dated 3-4-74. As he has been doing business in the market inspite of that, after taking into consideration the clarification given by him in person and the letter dated 22-7-74 handed over by him, it was unanimously resolved that Shri J.T. Halai should be suspended for one year for the conduct unbecoming of a member of the Exchange.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

26-7-74

26-7-1974

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Rasiklal Maneklal Seth Mathradas Samaldas Seth Navinchandra C. Kampani Seth Vasantlal Champaklal Seth A.R. Mahadevia Seth Vasantlal Kantilal Shah Seth Babubhai Maganlal Gandhi Seth Jasvantlal Chhotalal Seth Chhotalal Devchand Seth Hiralal Gidharlal Seth Ashokkumar G. Fozdar Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya Shri S. Rajgopalan

The following business was transacted in the meeting:

1. The application dated 12-7-74 of S/Shri Ramdas Lallubhai and Manilal Lallubhai for partnership was considered and it was resolved to approve their partnership under the firm name of M/s Lallubhai Nagardas & Sons with effect from 12-7-74. 2. The Chairman informed the Board that Handa Rotary Machines Ltd., has filed an appeal in the Bombay High Court against the decision of the Government in its appeal to Government in connection with its listing application. 3. The prevailing market situation was discussed and it was resolved to put up a notice as under: “ In continuation of Notice No: 1352/74 dated 12-2-74 all the members are hereby informed that the Governing Board has resolved that effective from Saturday 27-7-74 transactions in whichever active shares, that is the shares settled by Form Nos: 6-A and 7-A are done, cannot be done at a price of such shares on Thursday 4-7-74. These prices will be effective until 29-7-74 and thereafter will be again reviewed”. The members should specially note that the other restrictions mentioned in Notice No:1352/74 dated 12-7-74 continue without any other change.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

7-8-74 Wednesday 7-8-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 1.00pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Hiralal Gidharlal Seth Phiroze J. Jeejeebhoy Seth J.R. Motishaw Seth Mathradas Samaldas Seth Navinchandra C. Kampani Seth Laldas Jamnadas Seth Babubhai Maganlal Gandhi Seth Vasantlal Jivatlal Seth Chhotalal Devchand Seth Vasantlal Kantilal Shah Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya

The following business was transacted in the meeting:

1. The Chairman acquainted the Board that an arrest warrant and a search warrant of the Ahmednagar Court has been served on him for offences under section 420, 489-c and 489-D and 114 of the Indian Penal Code for cheating, possessing forged or counterfeit currency notes and the tools for printing such currency notes. There was no mention at all of the mane of the complainant nor any information relating to what the complaint was about given in the warrants. The Chairman further told that he has never visited Ahmednagar and had handed over the whole matter to the legal counsel who has represented to the Chief Metropolitan magistrate that in this manner the legal system was being grossly abused. The Chairman added that in the above mentioned circumstances, it was not proper for him to continue to function as the Chairman. Thereafter, after hearing our Solicitors M/s Kanga & Co’s partner Shri Bhakta, it was unanimously resolved that the Board and the members have full trust in the Chairman and urge him specially to continue discharging his duties as the Chairman. Further Resolved that in the above mentioned matter whatever is required to be done by the Association according to the advise of our Solicitors should be done.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

13-8-74 Tuesday, 13-8-1974

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Rasiklal Maneklal Seth Phiroze J. Jeejeebhoy Seth Navinchandra C. Kampani Seth Mathradas Samaldas Seth B.M. Gandhi Seth Vasantlal Jivanlal Seth Chotalal Devchand Seth Vasantlal Kantilal Shah Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya Seth Hiralal Gidharlal

Government Nominees Shri M.R. Mayya Shri S. Rajgopalan

The following business was transacted in the meeting:

1. Resolved that the notices mentioned below regarding cum-right and Ex- right transactions in the shares of the concerned companies should be confirmed: 1. Modi Pon Ltd Notice No:1427/74 dt. 26-7-74 2. Uttar Pradesh Hotels & Restaurants Ltd. Notice No: 1492/74 dt.30-7-74 3. Mafatlal Finance Spg. and Mfg. Co.Ltd. Notice No: 1529/74 dt. 2-8-74 4. The Gwalior Rayon Silk Mfg. Co.Ltd. Notice No: 1531/74 dt.2-8-74 5. Madhavnagar Cotton Mills Ltd. Notice No:1551/74 dt. 5-8-74 6. Kirloskar Cumins Ltd. Notice No: 1584/74 dt.8-8-74

2. Resolved that the Notices regarding permission given for doing business in Letters of Renunciation and coupons of the new shares of the companies mentioned below should be confirmed: 1. Sirdesai Brothers Ltd. Notice No: 1414/74 dt. 27-7-74 2. National Standard Deccan Ltd, Notice No: 1541/74 dt. 7-8-74 3. Resolved that the undermentioned Notices should be confirmed: 1. The Notice No:1464/74 dt. 26-7-74 regarding desisting from doing transactions in the shares of Bilaspur Spg. Mills & Industries Ltd. 2. The Notices No:1435/74 dt. 23-7-74, No:1534/74 dt. 2-8-74 and No:1620/74 dt. 12-8-74 regarding settlement of transactions in the shares settled by sellers tickets, foreign securities and odd lots. 3. The Notices No: 1476/74 dt. 27-7-74 and 1503/74 dated 30-7-74 regarding circulation of dummy kaplis relating to transactions which are settled by red-black forms 6-A and 7-A. 4. Notice No:1537/74 dated 3-8-74 regarding permission given for doing business in coupons of bonus shares of Century Enka Ltd. 4. The letter dated 2-7-74 of Shri Ramniklal Nanalal was read and it was resolved that Wednesday 21-8-74 should be fixed as the Association Holiday as it was a Jain holiday of Samvatsari. 5. The listing applications of the undermentioned companies were considered and it was unanimously resolved to confirm admission of their below mentioned securities to our list of securities traded on the Exchange: Bharat Bijlee Ltd. Bonus Equity W.S. Insulator of India Ltd. New Equity Warner Hindustan Ltd. Bonus Equity 6. The listing application of Adarsha Chemicals and Fertilisers was considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us their 9.8% new preference shares should be placed on our list of securities traded on the Exchange and dealings in those shares should be done in lots of 5 shares. 7. The prevailing market situation was discussed.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

Dt: 17-8-74

Saturday, 17-8-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Navinchandra C. Kampani Seth Mathradas Samaldas Seth B.M. Gandhi Seth Vasantlal Champaklal Seth Chotalal Devchand Seth Vasantlal Jivanlal Seth Ashokkumar G. Fozdar Seth Hiralal Gidharlal Seth Purshottam Gopiram Ruiya

Government Nominees

Shri M.R. Mayya

The following business was transacted in the meeting:

1. The prevailing market situation was considered and it was resolved to put up a notice as under: “ All the members are hereby informed that the Governing Board has resolved that from now members can do business in every kind of shares as usual without any restrictions mentioned in the Notice No:1372/74 dated 16- 7-74. Further, to be informed that in view of the prevailing circumstances, nobody should do very large business or transactions in any shares on behalf of the clients or himself. If any member is found doing excessive business or transactions, he shall have to pay very heavy additional margin and more over he will be suspended immediately. Members are therefore specially cautioned to do business cautiously in the “general interest”.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

Dt: 1-10-74

Thursday, 1-10-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Hiralal Gidharlal Seth Phiroze J. Jeejeebhoy Seth J.R. Motishaw Seth Mathradas Samaldas Seth Rasiklal Maneklal Seth Vasantlal Champaklal Seth Navinchandra C. Kampani Seth Vasantlal Katilal Shah Seth B.M. Gandhi Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar

Government Nominees

Shri M.R. Mayya Shri S. Rajagopalan

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned Companies regarding cum-right and Ex-right transactions in their shares are confirmed: 1. Eurocote (India) Ltd. Notice No:1814/74 dt.3-9-74 2. Richardson Hindustan Ltd. Notice No: 1859/74 dt.9-8-74 3. Sussen Textile Bearings Ltd. Notice No: 1897/74 dt.14-9-74 4. Shah Malleable Castings Ltd. Notice No: 1921/74 dt.20-9-74 5. Kesar Sugar Works Ltd. Notice No: 1950/74 dt.25-9-74 2. Resolved that the notices mentioned against the names of the undermentioned Companies regarding the permission given for dealing in Letters of Renunciation and confirms of the new shares are confirmed: 1. Tata Mills Ltd. Notice No: 1626/74 dt.13-8-74 2. Shree Digvijay Woollen Mills Ltd. Notice No: 1649/74 dt. 16-8-74 3. Vickers Spearsy of India Ltd. Notice No: 1667/74 dt. 29-8-74 4. Modi Rubbers Ltd. Notice No: 1781/74 dt. 30-8-74 5. The Madhavnagar Cotton Mills Ltd. Notice No: 1868/74 dt. 10-9-74 6. Indo Lowenbrew Breweries Ltd. Notice No: 1952/74 dt.15-9-74

3. Resolved that the undermentioned notices should be confirmed: 1. Notice No: 1639/74 dated 14-8-74, 1655/74 dated 16-8-74 and 1659/74 dated 17-8-74 regarding issue of Buyers Tickets pertaining to the shares which are settled by red-black forms 6-A and 7-A. 2. Notice No: 1657/74 dated 17-8-74 regarding resumption of dealings in the shares of Bilaspur Spg. Mills and Industries Ltd. 3. Notice No:1669/74 dated 19-8-74 for making ex-dividend transactions in some shares which are settled by red-black forms 6- A and 7-A. 4. Notice No:1690-74 dated 21-8-74 stopping transactions in the shares of IndoLowenbrew Breweries and Notice No: 1872/74 dated 10-9-74 for doing ex-right transactions in the shares of that company. 5. Notice No: 1822/74 dated 4-9-74 regarding permission given for dealing in coupons of bonus shares of Navsari Cotton and Silk Mills Ltd. 6. Notice No: 1827/74 dated 4-9-74 and Notice No:1860/74 dated 9- 9-74 regarding payment of difference in dividend between the parties in several kinds of shares which are settled by red-black forms 6-A and 7-A. 7. Notice No: 1873/74 dated 11-9-74 regarding getting call endorsements made on share certificate. 8. The Notice No: 1874/74 dated 11-9-74, No:1885/74 dated 12-9-74 and No:1887/74 dated 13-9-74 regarding paying- receiving the amount of difference in dividend of National Rayon shares and Notice No:1937/74 dated 23-9-74 regarding difference of dividend on National Rayon and Kohinoor Mills Shares. 9. Notice No:1881/74 dated 12-9-74 regarding making ex-dividend transactions in the shares of Ahmedabad Electricity shares and Bombay Suburban Electricity Co.Ltd. shares. 10. The Notice No: 1898 dated 14-9-74 for not doing transactions in the shares of Regal Papers Ltd., and notice No:1914 dated 18-9-74 regarding resumption of business in those shares. 11. Notice No: 1903/74 dated 16-9-74 regarding closure of market for all kinds of business on 16-9-74 because of Samvatsari holiday of Jains. 12. Notice No: 1987/74 dated 30-9-74 regarding transactions in the shares of India United Mills Ltd. 4. The application of the National Association For The Blind dated 22-7-74 and the application dated 13-9-74 of the Tata Agricultural and Rural Centre for the blind were considered and it was resolved to give each of them assistance of Rs.101/- from the Association Fund. 5. The application dated 10-9-74 of our Accountant Shri A.B. Desai to give him assistance of Rs.175/- of the tuition fee for the intermediate examination of Institute of Cost and Works Accountant was considered and it was resolved to give him assistance of that much amount from Shri M.C. Mehta Smarak Fund. 6. The applications of the undermentioned persons of our office staff for giving them assistance for the expenses incurred by them for medical treatment during their sickness were considered and it was resolved to give them assistance as under from “Sheth K.R.P. Shroff Stock Exchange Sarvajanik Fund”: Shri B.M. Mehta … Rs. 1600/- Sweeper Kachru Dhureram … Rs.125/- 7. The applications of our office sepoy Balkrishna Shinde and liftman Tukaram Laxman for giving them an assistance for the medical expenses incurred by them during the sickness of their lives were considered and it was resolved that we cannot give any assistance to them for that. 8. The application dated 24-9-74 of Shri A.B.S. Nair of our office was considered and it was resolved to give him a loan of Rs. 3000/-. 9. The report of Sir Shapurji Broacha Brokers Helping Fund Committee dated 26-8-74 was read and it was resolved to approve it. 10. The letters of the undermentioned members were read and it was resolved to that the permission given by the Chairman for doing business as Representative Members should be approved: Nominating Members Representative Members M/s M.K. Choksey & Co. M/s Chimanlal Maneklal Shri Nagindas Chhaganlal Shri Rajnikant Chinubhai Sheth 11. The application dated 23-8-74 of S/Shri Chandratandas Bagri, Shravankumar Ramkrishna Bagri, Dilipkumar Chandratandas Bagri and Bharatkumar Chandratan Bagri for their partnership was considered and it was resolved to approve their partnership under the firm name of C.R.D. Bagri and Sons w.e.f. 1-4-74. 12. The letter dated 2-9-74 of Bai Taramati Bhaskar and S/Shri Chandravadan Bhaichand Muchhala and Ajit Bhaichand Muchhala was considered and it was resolved to give permission to S/Shri Chandravadan Bhaichand Muchhala and Ajit Bhaichand Muchhala to continue the business of late Shri Bhaichand Jivraj Muchhala for a further period of one month. 13. The application of Shri Kailashnarayan Parasrampuria dated 17-8-74 to give him an extension of time for filing an appeal against the decision of the Lower Bench of the Arbitration Committee in the dispute for Rs.560/- between Shri Girdharlal Amulakh Shah and Shri Kailashnarayan Parasrampuria and the letter dated 21-8-74 of Shri Girdharlal Amulakh Shah in that connection were considered and it was resolved to give time to Shri Kailashnarayan Parasrampuria upto 8-10-74 for filing an appeal. 14. The application dated 29-8-74 of the near relatives of late Shri Bhaichand Jivraj Muchhala nominating Shri Chandravadan Bhaichand Muchhala in the place of the late Shri Bhaichand Jivraj Muchhala was considered and after interviewing Shri Chandrakant Bhaichand Muchhala and his recommenders S/Shri G.R. Pandya and Jitendra Champaklal Mashruwala it was resolved by 11 votes in favour and none against to elelct Shri Chandravadan Bhaichand Muchhala in the place of the late Shri Bhaichand Jivraj Muchhala subject to the Rules and Bye-laws of the Exchange on the condition that he should separate himself from the partnership firms of M/s Delux Silk Traders and M/s Mukundlal & Co., within one month. 15. The listing applications of the under mentioned Companies were considered and it was unanimously resolved to confirm admission of their securities mentioned below against their names to our list of securities traded on the Exchange: Indo Burma Petroleum Co. Ltd. Bonus Equity Aditya Mills Ltd. New Equity Uttar Pradesh Hotels & Restaurant Ltd. New Equity and New Preference Shares. Crompton Greaves Ltd. Bonus Equity Modi Industries Ltd. New Equity Navsari Cotton & Silk Mills Ltd. Bonus Equity L. Morrision & Son and Jones Ltd. New Equity 16. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to Listing Rules and Regulations, as well as compliance with the usual requirements and other special requirements as may be stipulated by us, their below mentioned securities should be admitted to our list of Non-Cleared Securities and trading in those securities should be done in the lots mentioned against these securties: Ramacast Ltd. Equity 50 shares Universal Plast Ltd. Equity 50 shares Adarsh Chemicals & Fertilisers Ltd. 9.8% Preference shares & 5 shares 17. Unanimously resolved that the undermentioned securities should be removed from our list of securities traded on the Exchange as they have been redeemed: Stat Paper Mills Ltd. Convertible Third Preference shares Jay Shree Tea & Industries Ltd. ‘C’ Redeemable Preference shares The Ravalgam Sugar Farm Ltd. 7% Debentures.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

22-10-74 Tuesday, 22-10-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Hiralal Gidharlal Seth Phiroze J. Jeejeebhoy Seth J.R. Motishaw Seth Mathradas Samaldas Seth Rasiklal Maneklal Seth Laldas Jamnadas Seth Navinchandra C. Kampani Seth Vasantlal Champaklal Seth A.R. Mahadevia Seth Vasantlal Jivatlal Seth B.M. Gandhi Seth Vasantlal Katilal Shah Seth Chhotalal Devchand Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Purshottam Gopiram Ruiya

Government Nominees

Shri M.R. Mayya

The following business was transacted in the meeting:

1. Resolved that the notices mentioned against the names of the undermentioned Companies regarding cum-right and Ex-right transactions in their shares are confirmed: 1. Ramon and Derun Notice No:2002/74 dt.2-10=74 2. The Empire Dyeing and Manufacturing Co. Ltd. Notice No: 2106/74 dt.21-10-74

2. Resolved that the notices mentioned against the names of the undermentioned Companies regarding deliverability of their new shares against old shares are confirmed: 1. Century Enka Ltd. Notice No: 1999/74 dt.2-10-74 2. New Chem Plastics Ltd. Notice No: 2018/74 dt. 3-10-74

3. Resolved that the undermentioned notices should be confirmed: 1. Notice No: 2000/74 dated 2-10-74 regarding making ex-dividend transactions in the shares of J.K. Synthetics Ltd. 2. Notice No:2013/74 3-10-74 regarding stoppage of transactions in the shares of Ranbaxy Laboratories Ltd. 3. Notice No: 2027/74 dated 8-10-74 regarding permission given for doing transactions in the coupons of the bonus shares of Khandelwal Ferro Alloys Ltd. 4. Notice No: 2057/74 dated 10-10-74 regarding settlement of the Hand Delivery transactions. 5. Notice No:2103/74 dt: 21-10-74 regarding stoppage of transactions in the shares of Beharday Ramcharan Cotton Mills Ltd.

4. Resolved that our market should be kept open on Wednesday 13-11-74 from S.T. 5.30 pm. to 6.30 pm. for doing business for Kartik Vikram Samvat 2031. 5. The Report, Income and Expenditure Account and Balance Sheet of our Association for the year 1973 were passed. 6. The letters dated 19-10-74 of Shri B.R. Raheja was considered and it was resolved that his offer to purchase one membership right of our Association at a price of Rs. 30,000/- cannot be accepted. 7. The application dated 24-9-74 of Shri Nagindas Nanji Bakhat nominating Shri Narendra Motilal Dalal as a member of the Exchange in his own place was considered and after interviewing Shri Narendra Motilal Dalal and his recommenders S/Shri Nagindas Pranjivandas and N.C. Lodhiwala it was resolved by 16 votes in favour and note against to elect Shri Narendra Motilal Dalal as a member of the Exchange in place of Shri Nagindas Nanji Bakhat subject to the Rules and Regulations of the Exchange. 8. The application dated 25-7-74 of the near relatives of the late Shri Kantilal Kakalbhai Dasadia nominating Shri Madan Mohan Murarka as a member of the Exchange in the place of late Shri Kantilal Kakalbhai Dadadia was considered and after interviewing Shri Madan Mohan Murarka and his recommenders Shri Bhupendra Champaklal Dalal it was resolved by 3 votes in favour and 13 against that he cannot be admitted as a member of the Exchange. 9. The application dated 26-9-74 of the near relatives of the late Shri Haridas Jadowji nominating Shri Girdharilal Dhanraj Khaitan as a member of the Exchange in the place of the late Shri Haridas Jadowji was considered and after interviewing Shri Girdharilal Dhanraj Khaitan and his recommenders S/Shri Manubhai Maneklal and Brijmohan Sagarmal it was resolved by 10 votes in favour and 6 against to elect Shri Girdharilal Dhanraj Khaitan as a member of the Exchange in the place of late Shri Haridas Jadowji subject to the Rules and Bye-laws of the Exchange. 10. The listing applications of the under mentioned Companies were considered and it was resolved to confirm admission of their securities mentioned against their names to our list of securities traded on the Exchange: Century Enka Ltd. Bonus Equity New- Chem Plastics Ltd. Bonus Equity 11. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to Listing Rules and Regulations, as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned below against their names should be admitted to our list of Non-Cleared Securities and trading in those securities should be done in the lots specified against them: Indian Resort Hotel Co. Ltd. Equity 50 shares Nilkanth Shipping Co.Ltd. Equity 50 shares Gogte Steels Ltd. Equity 50 shares Gogte Steels Ltd. Preference 5 shares.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

21-12-74

Saturday, 21-12-74

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Rasiklal Maneklal Seth Mathradas Samaldas Seth Navinchandra C. Kampani Seth Vasantlal Jivatlal Seth Babubhai Maganlal Gandhi Seth Vasantlal Katilal Shah Seth Chhotalal Devchand Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Hiralal Gidharlal Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya Shri S. Rajagopalan

The following business was transacted in the meeting:

1. The President mentioned that as Shri S. Rajagopalan has been shifted to New Delhi we shall not have the benefit of his guidance now. He thanked Shri S. Rajagopalan for the valuable support, co-operation and guidance given by him to the Board and wished him success in his new assignments. Shri Rajagopalan thanked the Board in return for its good wishes. 2. Resolved that the notices mentioned against the names of the undermentioned Companies regarding cum-right and ex-right transactions in their shares are confirmed: 1. Empire Dyeing and Mfg. Co. Ltd. Notice No:2106/74 dt. 21-10-74 2. The Victoria Mills Ltd. Notice No:2158/74 dt. 28-10-74 3. The Mysore Kirloskar Ltd. Notice No:2163/74 dt.29-10-74 4. Escorts Ltd. Notice No:2179/74 dt.31-10-74 5. The National Radio and Notice No:2181/74 dt.31-10-74 Electronics Ltd. 6. The Gujarat Steel Tubes Ltd. Notice No:2245/74 dt.8-11-74 7. Hindustan Lever Ltd. Notice No:2247/74 dt.9-11-74 8. Mafatlal Industries Ltd. Notice No:2250/74 dt.9-11-74 9. Indian Cement (1937) Ltd. Notice No:2253/74 dt.9-11-74 10. Dalmia Cement (Bharat)Ltd. Notice No:2310/74 dt.20-11-74 11. The Swastic Safe Deposit & Notice No:2320/74 dt.21-11-74 Investments Ltd. 12. Polyo Lefines Industries Ltd. Notice No:2345/74 dt.23-11-74 13. Nerolac Paints Ltd. Notice No:2394/74 dt.28-11-74 14. Ramon & Denim Ltd. Notice No:2400/74 dt.30-11-74 15. New Swadeshi Mills of Notice No:2453/74 dt.9-12-74 Ahmedabad Ltd. 16. The Finlay Mills Ltd. Notice No:2468/74 dt.11-12-74 17. The Gold Mohar Mills Ltd. Notice No:2469/74 dt.11-12-74 3. Resolved that the notices mentioned against the names of the undermentioned Companies regarding the deliverability of their new shares against old shares should be confirmed: 1. T. Maneklal Mfg.Co.Ltd. Notice No: 2235/74 dt.8-11-74 2. Tata Chemicals Ltd. Notice No: 2492/74 dt. 12-12-74 3. The West Coast Paper Mills Ltd. Notice No: 2493/74 dt. 14-12-74

4. The Notice No:2350/74, 2351/74 and 2352/74 dated 25-11-74 regarding declaration of Shri Sobhagyachand Mohanlal Shah as a defaulter as he has failed to pay the money due by him to his creditors were confirmed. 5. The Notice No: 2174/74 dated 31-10-74 regarding annulment of the rate of Rs.200/- of the ordinary shares of Kohinoor Mills Ltd., recorded on 29-3-74 was confirmed. 6. Our Association Holidays for the year 1975 were fixed. 7. The application dated 13-12-74 of Shri S. Loknath who has left his employment from our staff, for payment to him his Provident Fund amount was considered and it was resolved to pay him Rs.172.90p according to our Provident Fund Rules. 8. The application dated 6-12-74 of our Accountant Shri A.B. Desai to give him assistance of Rs.175/- for his college fees o the second term of junior B.Com. was considered and it was resolved to give him that much assistance from Shri M.C.Mehta Smarak Fund. 9. The applications of the undermentioned persons of our office staff for giving them loans were considered and it was resolved to give them loans of the amounts mentioned against their respective names: Sepoy Namdev Bhikaji Rs.500/- Hamal Sahdev Ganpat Kadam Rs. 2000/- Sweeper Harcharan Juiram Rs. 1000/- 10. The application dated 20-1-74 of S/Shri Shanker Amit Deshpande and Hasmukhlal Manekalal Shah for partnership between them was considered and it was resolved to approve their partnership under the firm name of M/s S.A. Deshpande & Co., w.e.f. 5-11-74. 11. The letter dated 17-12-74 of S/Shri Durgashankar Udayram Shukla, Prabhuchandra Durgashankar Shukla and Maheshkumar Durgashankar Shukla was read and it was noted that S/Shri Prabhuchandra Durgashankar Shukla and Maheshkumar Durgashankar Shukla were to retire from the partnership firm of M/s D.V. Shukla with effect from 31-12-74 and thereafter Shri Durgashankar Udayram Shukla would continue to do business as a sole proprietor of that firm. 12. The letter dated 24-10-74 of S/Shri Gunvantlal Karsandas Dalal, Sanat Motilal Dalal, Upendra Motilal Dalal and Narendra Motilal Dalal was read and it was noted that S/Shri Narendra Motilal Dalal and Upendra Motilal Dalal had separated from the firm of M/s Dalal & Sons. 13. The letters of the undermentioned members were read and it was resolved to that the permission given by the Chairman for doing business as Representative Members should be approved: Nominating Members Representative Members Shri Chandravadan Bhaichand Muchhala Shri Maganlal Ladhabhai Shri Dipchand S. Taswala Shri Sumantrai G. Shah Shri Vrajlal Lallubhai Shri Mithalal Somchand Shah

14. The application dated of M/s Devidas Jamnadas dated 10-12-74 and 20-12- 74 for giving them extension of time for filing appeals against the decisions of the Lower Bench of the Arbitration Committee in their dispute with Shri P.L.Shah and Shri Yashwant N. Shah respectively were considered and it was resolved that their request cannot be granted. 15. The letter dated 5-12-74 of Bai Shanta Bapulal and S/Shri V.B. Maniar and P. B. Maniar was considered and it was resolved that Shri Vasantlal Bapulal be given permission to continue the business of the late Shri Bapulal Jivraj Maniar for a period of three months. 16. The letter dated 15-10-74 of M/s Batliwala & Karani was considered and it was resolved that they should be informed by a letter that as the name of their firm is included in the name of M/s Batliwala & Karani (Merchant BankingLtd.) their request cannot be granted. 17. The President referred to the resolution passed in the General Body Meeting of the Stock Exchange held on the 20th day of December, 1974, and reported that Bank of India (hereinafter referred to as “the Bank”) approached the Stock Exchange to take on lease the portions of the first and second basements, the ground floor and the mezzanine floor of the Stock Exchange Building which is under construction, for the purpose of their Share Bazar Branch Premises. The President requested the Governing Board to pass requisite Resolution for the purpose of executing the Agreement to Lease with the draft Deed of Lease and the Draft of the Agreement for Over-all Services and Facilities annexed thereto. The President also reported that the Bank has agreed to subscribe to the 8 % Stock Exchange Debentures Stock, 1981-86, of Rs. 47.50 Lakhs issued by the Stock Exchange on condition that the Stock Exchange will repurchase the Debenture Stock from the Bank at par in 22 half-yearly instalments. The President requested the Governing Board to pass requisite Resolutions for the purpose of executing an Undertaking in favour of the Bank to repurchase the said Debentures Stock of the face value of Rs. 47.50 Lakhs to be purchased by the Bank. IT WAS RESOLVED AS FOLLOWS That the Stock Exchange do give on lease the portions of the basement, the ground floor and the mezzanine floor to the Bank for the period, at the rent and over-all service and facility charges and on the term and conditions set out in the Bank’s letter No. BMR:LS:NGK:11647 dated 7.11.1974 and incorporated in the draft Agreement to Lease with the draft of the Deed of Lease and the Draft of the Agreement for Over-all Services and Facilities annexed thereto. That the Stock Exchange do execute an undertaking in favour of the Bank for the purchase of the Debenture Stock of the face value of Rs. 47 ½ Lakhs purchased / agreed to be purchased by the Bank in terms of the draft of the Undertaking approved by both the parties. That the said documents viz. (1) Agreement to Lease with the Draft of the Deed of Lease and the draft of the Agreement for over-all Services and Facilities annexed thereto and (2) Undertaking to be given by the Stock Exchange to the Bank for the purchase of the Debenture Stock the drafts of which are placed before the Governing Board and initialled by the President for identification be signed on behalf of the Stock Exchange by Shri Jayant Amerchand, the President, and Shri Jivacahnd Ratanchand Motishaw, Member of the Governing Board, and counter-signed by the Secretary Shri Amritlal Jashraj Shah and the seal of the Stock Exchange be affixed thereto. That a copy of the foregoing Resolution certified to be a true copy by the President be furnished to the Bank. 18. The application dated 11-11-74 of the near relatives of the late Shri Dhansukhbhai Amritlal Maniar nominating Shri Bharatkumar Dhansukhbhai Maniar as a member of the Exchange in the place of the late Shri Dhansukhbhai Amritlal Maniar was considered and after interviewing Shri Bharatkumar Dhansukhbhai Mania and his recommenders S/Shri Kantilal Mohanlal and Ramanlal D. Shah it was resolved by 11 votes in favour and 2 against to elelct Shri Bharatkumar Dhansukhbhai Maniar as a member of the Exchange in the place of the late Shri Dhansukhbhai Amritlal Maniar, subject to the Rules and Regulations of the Exchange on condition that within one month he should sever his connection with the Bombay Diamonds Association and he should not start doing business in the market in his own name without taking prior permission of the Board. 19. Resolved that a sum of Rs. 12,50,000/- should be given to the Stock Exchange Foundation from the Stock Exchange Education and Research Services on condition that Rs.10,50,000/- out of that sum will be considered as a corpus. 20. Resolved that the amounts shown below against the names of the undermentioned funds should be given to those funds from the Stock Exchange Education and Research Services Fund: Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund … Rs. 15,000/- Shri M.C. Mehta Smarak Fund … Rs. 5,000/-. 21. Resolved that an amount of Rs.1001/- should be given from the Association Fund to the Stock Exchange Foundation which has been approved under Section 35(1)(2) of the Income Tax Act. 22. The letter dated 7-12-74 of S.B. Joshi & Co. and the letter dated 12-12-74 of the Vigyan Industries Ltd., were read and it was resolved that their shares should be re-admitted to our list of securities traded on the Exchange as they have paid the Annual Listing Free for the year 1974. 23. The listing applications of the under mentioned Companies were considered and it was unanimously resolved to confirm re-admission of their securities mentioned below against their names to our list of securities traded on the Exchange:

1. Mahendra Electricals Ltd. Bonus Equity 2. Wadia India Ltd. New ‘C’ Series Equity 3. Travancore Electro Chemical Industries New Equity Ltd. 4. Wool Combers of India Ltd. Bonus Equity 5. South India Shipping Corporation Ltd. Bonus Equity 6. Firth (India) Steel Co. Ltd. New Equity 7. National Standard Duncan Ltd. New Equity 8. Modi Pan Ltd. Bonus Equity 9. The Mafatlal Fine Spg.& Mfg. Co.Ltd. Bonus Equity 10. Automobile Products of India Ltd. New Equity 11. Digvijay Woollen Mills Ltd. New Equity 12. Richardson Hindustan Ltd. Bonus Equity 13. The East India Hotels Ltd. New Equity & New Preference shares 14. Hicks Thermometers India Ltd. New Equity 15. Adarsh Chemicals and Fertilisers Ltd. New Equity 16. Star Paper Mills Ltd. New Equity – issued in liew of 7% 3rd convertible Preference Shares. 17. Guj-Chem Distilleries India Ltd. New Equity 18. Shah Malleable Castings Ltd. New Equity 19. Unicorn Tyres Ltd. New Equity

24. The listing applications of the undermentioned companies were considered and it was resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their names should be included in our list of Non-Cleared securities and dealings in those securities should be done in the lots specified against their names: Rolatainers Ltd. Equity … 50 shares Chanakya Investment Ltd. Equity … 50 shares Mangal Investments Ltd. Equity … 50 shares Navyug Investments Ltd. Equity … 50 shares Haryana Polysteels Ltd. Equity … 50 shares Haryana Polysteels Ltd. Preference … 50 shares Ramon Engineering Ltd. Equity … 50 shares Century Iron and Steels Ltd. Equity … 50 shares Century Iron and Steels Ltd. Preference 5 shares Grijchem Distillers India Ltd. 11% Preference Shares 5 shares

25. The letter dated 30-11-74 of the Nagpur Electric Light and Power Co. Ltd., was read and it was unanimously resolved that as that company has gone into voluntary liquidation its shares should be removed from our list of securities traded on the Exchange. 26. The letter dated 28-10-74 of Andhra Foundry and Machine Co. Ltd., and the letter dated 16-12-74 of Azan Zahi Mills Ltd., were read and it was unanimously resolved to remove their shares from our list of securities traded on the Exchange. 27. The letter dated 11-10-74 of the National Radio and Electronics Ltd., were read an it was unanimously resolved to remover their 7% 1974 Debentures from our list of securities traded on the Exchange as they have been redeemed.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

18-2-75

Tuesday, 18-2-75

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Hiralal Gidharlal Seth Phiroze J. Jeejeebhoy Seth J.R. Motishaw Seth Mathradas Samaldas Seth Rasiklal Maneklal Seth Laldas Jamnadas Seth Navinchandra C. Kampani Seth Vasantlal Champaklal Seth A.R. Mahadevia Seth Vasantlal Katilal Shah Seth Babubhai Maganlal Gandhi Seth Jasvantlal Chhotalal Seth Chhotalal Devchand Seth Ashokkumar G. Fozdar Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya

The following business was transacted in the meeting:

1. The applications for help of the undermentioned institutions were considered and it was resolved to give each of them help of Rs. 101/- from the Association Fund: 1. The Bombay Dumb and Deaf Institution 2. Society for the Vocational Rehabilitation of the Retarded. 3. All India Federation of the Deaf. 2. The letter dated 24-12-74 of S/Shri Bachubhai Fulchand Jhaveri and Bharatkumar Bachubhai Jhaveri was read and it was noted that Shri Bharatkumar Bachubhai Jhaveri had separated from the firm of M/s Bachubhai Fulchand Jhaveri with effect from 14-11-74. 3. The letters of the undermentioned members were read and it was resolved to confirm the permission given by the Chairman to them to do business as Representative Members as recorded below: Nominating Members Representative Members M/s Kantilal Mohanlal Shri Bharat Dalsukhbhai Maniar M/s Maganlal Chimanlal Shri Kardam R. Dalal 4. The letter dated 15-2-75 of S/Shri Pravin Kantilal Dalal and Mahesh Kantilal Dalal was considered and it was resolved to give permission to Shri Pravin Kantilal Vakil to continue the business of the late Shri K. Motiram Vakik for a period of three months. 5. The letter dated 15-2-75 of Shri V.B. Maniar was read and it was resolved to give permission to him to continue the business of the late Shri Bapulal Jivraj Maniar for a further period of two months. 6. The letter dated 23-12-74 of Bai Jayanti Narandas and S/Shri Vijaychandra Narandas Cantol and Dilipkumar Narandas Cantol was read and it was resolved to give permission to Shri Vijaychandra Narandas Cantol to continue the business of M/s Narandas and Sons for a period of three months. 7. The application dated 15-1-75 of Shri Sureshchandra Nandlal for appointing Shri Kaniyalal Shanalal Shah as his remisier was considered and it was resolved that his request cannot be granted. 8. The application of Shri M.K. Shivraman and Shri Balkrishna Shinde for giving them assistance for the expenses incurred by them for medical treatment of their wives during their illness was considered and it was resolved that their request cannot be granted. 9. The application dated 17-1-75 of Shri B.M. Mohta of our staff requested for assistance of the fee of Rs.300/- for doing a Punch Operating Course was considered and it was resolved to give him that much assistance from Shri M.C. Mehta Smarak Fund. 10. The application of the undermentioned persons of our office staff for giving them loans were considered and it was resolved to give them loans of the amounts mentioned against their names: Shri M.D. Vyas ….Rs.1000/- Shri H.A. Patni ….Rs.1500/- Shri T.G. Babu ….Rs.2500/- Sepoy Pandurang Ghadi …. Rs.1700/- Sweeper Kharecha Dhuriram ….Rs.1000/- 11. The Report dated 30-1-75 of Sir Shapurji Broacha Brokers’ helping funce was read and it was resolved to approve it. 12. The application dated 7-10-74 of the officers of our office viz., J.M.Lalkaka, Shri K.V.B.S.Rao, Shri S.N.Karaka, Shri M.D.Vyas, and Shri Nariman N.Dubash for giving them pay rise in view of the present very high price rise was considered and it was resolved to give each of them two increments of pay from 1-1-1975. 13. The application dated 5-8-74 of our pensioners Shri K.B. Daruwala requesting for increasing his pension was considered and it was resolved to give him help of Rs. 750/- from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 14. Unanimously resolved that as the undermentioned companies have been nationalised their shares should be struck off our list of securities traded on the Exchange: The India United Mills Ltd. The Model Mills Nagpur Ltd. The Hingir Rampur Coal Co. Ltd. 15. Unanimously resolved that the 61/2% Preference shares of Premier Tyres should be struck off our list of securities traded on the Exchange as they have been redeemed. 16. The listing applications of the undermentioned companies were considered and it was resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of securities traded on the Exchange and dealings in those securities should be done in the trading lots specified below:

Dabriwala Steel & Engineering Co.Ltd. Equity 50 shares Dabriwala Steel & Engineering Co.Ltd. Preference 50 shares Dabangere Sugar Co. Ltd. Equity 50 shares Siddharth Ferro Alloys Ltd. Equity 50 shares Falcon Tyres Ltd. Equity 50 shares Tamilnadu Chemical Products Ltd. Equity 50 shares Tamilnadu Chemical Products Ltd. Preference 5 shares Anglo-American Marine Co.Ltd. Equity 50 shares Anglo-American Marine Co.Ltd. Preference 5 shares Amines & Plasticisers Ltd. Equity 50 shares Amines & Plasticisers Ltd. Preference 5 shares Bharat Bijlee Ltd. 10% convertible bonds -1 bond Camphor & Allied Products Ltd. 10% convertible bonds -1 bond

17. Resolved that subject to the limit of Rs. 250/- p.m. and Rs.200/- p.m. respectively our Secretary Shri A.J.Shah and our Chief Statistical Officer Shri R.R. Nair should be paid towards the expenses for the use of their own cars for office work.

18. Resolved that Thursday 20-3-75 should be fixed as the day for election of the Governing Board for the year 1975-76.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

16-4-75

Wednesday, 16-4-75

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.30 pm under the Chairmanship of Seth Mahradas Samaldas in the beginning and thereafter under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Rasiklal Maneklal Seth Mathradas Samaldas Seth Navinchandra C. Kampani Seth Vasantlal Champaklal Seth A.R. Mahadevia Seth Vasantlal Katilal Shah Seth Babubhai Maganlal Gandhi Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya Seth Hiralal Gidharlal Seth Ashokkumar G. Fozdar Seth Jayantilal Rangildas Khandwala

Government Nominees Shri M.R. Mayya Shri S.C. Bafna

The following business was transacted in the meeting:

1. Proposed by Seth Jayant Amerchand and supported by Seth Rasiklal Maneklal, Seth Mathradas Samaldas was unanimously elected as Chairman of to-day’s meeting at the start. 2. Proposed by Seth Rasiklal Maneklal and supported by Seth J.R. Motishaw, Shri Jayant Amerchand was unanimously elected as President. Seth Jayant Amerchand thanked for the trust reposed in him by all the members of the Board. He congratulated Shri Jayantilal Rangildas Khandwala for being elected to the Board and welcomed Shri F.C. Bafna expressing his gratitude for the support and co-operation given by the members of the Board and Government Nominees last year. He expressed hope that they will continue to give their support and co-operation during the current year also. 3. Proposed by Seth Rasiklal Maneklal and supported by Seth Ashokkumar G.Fozdar it was unanimously resolved to elect Seth Mathradas Samaldas as the Vice-President. 4. Proposed by Seth Hiralal Girdharlal and supported by Seth Purshottam Gopiram Ruiya it was unanimously resolved to elect Shri Vasantlal Champaklal as the Hon. Treasurer. 5. Resolved to support Sir Shapoorji Broacha Brokers’ Fund Committee consisting of S/Shri J.R. Motishaw, Mathradas Samaldas, Vasantlal Champaklal and Dhirajlal Maganlal. 6. Resolved that the undermentioned persons should be appointed as members of the Arbitration Committee for the year 1975-76: Shri Keki N. Chinoy Shri S.M. Shah Shri Jayantilal M. Dalal Shri Nagindas Trambaklal Shri Champaklal Babubhai Marfatia Shri V.K. Nanavati Shri M.L. Kaji Shri Jayendra D. Mehta Shri L.N. Kapadia Shri Rasiklal S. Jhaveri Shri D.V. Shukla Shri Govindbhai G. Amin Shri Hariram Dwarkadas Shri Jitendra Champaklal Mashruwala Shri Bhagubhai Amthalal Gandhi Shri Ramdas Lallubhai

7. Resolved that the Defaulters Committee for the year 1975-76 consisting of the undermentioned members be appointed: Seth J.R. Motishaw Seth Keki N. Chinoy Seth Vasantlal Champaklal Seth Jayantilal Mansukhlal Dalal Seth Vasantlal Kantilal Shah Seth Rasikal S. Jhaveri 8. Resolved to appoint a Building Committee consisting of S/Shri Mathradas Samaldas, Laldas Jamnadas, J.R. Motishaw, Rasiklal Maneklal, Vasantlal Kantilal Shah, Jasvantlal Chhotalal and Gordhandas Bhagwandas. 9. Resolved that cheques be signed by the President, Shri Jayant Amerchand or the Chairman Shri P.J. Jeejeebhoy, or the Vice-President Shri Mathradas Samaldas, or the Hon-Treasurer Shri Vasantlal Champaklal and any one of the following seven members of the Governing Board namely Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B.M. Gandhi, Shri Vasantlal Kantlal Shah, Shri Jasvantlal Chhotalal and Shri A.R. Mahadevia and be countersigned by the Secretary, Shri A.J. Shah. 10. Resolved that the various accounts and safe custody accounts of the Exchange with Bank of India be operated on jointly by the President, Shri Jayant Amerchand, or the Chairman Shri P.J. Jeejeebhoy or the Vice- President Shri Mathradas Samaldas or the Hon-Treasurer Shri Vasantlal Champaklal and by any one of the following seven members of the Governing Board namely Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B.M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A.R. Mahadevia and be countersigned by the Secretary Shri A.J. Shah. 11. Resolved that the Current Accounts and safe custody accounts with Bank of India in the name of the Stock Exchange Staff Provident Fund and the Stock Exchange Staff Gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being or the survivors or survivor of them or jointly by the Hon-Treasurer Shri Vasantlal Champaklal and by any one of the following seven members of the Governing Board namely Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B.M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A.R. Mahadevia and be countersigned by the Secretary Shri A.J. Shah. 12. The application dated 23-2-75 of The Poona School and Home For the Blind was considered and it was resolved to give help of Rs. 105/-from the Association Fund. 13. The application of the undermentioned persons of our office staff to give them assistance towards the expenses incurred by them for medical treatment during their sickness were considered and it was resolved to give them assistance as shown against their names from “Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund”: Shri T.G. Prabhu Rs.100/- Sepoy Pandurang Ilu Rs. 70/- 14. The application of the undermentioned persons of our office staff for giving them loans were considered and it was resolved to give each of them a loan of the amount shown against their respective names: Shri G.S. Tope Rs. 1000/- Shri Vijay Narayan Rs. 1500/- Shri Gopinath Govind Rs. 50/- Shri Shantaram Narayan Rs. 1500/- Shri Govind Mahadev Khatale Rs. 1000/- Shri Tukaram Laxman Rs. 2000/- 15. The letters of the undermentioned members were read and it was resolved to give them permission to do business as Representative Member as shown below: Nominating Member Representative Member Shri Shivkishan M.Damani M/s Maniklal Mohta Shri Ramanlal D. Shah Shri Jayantilal D. Sanghvi 16. The letter dated 18-3-75 of Smt. P.P. Shah and others was considered and it was resolved to give permission to Shri Vijaykumar P. Shah to continue the business of the late Shri P.L. Shah for two months more. 17. The letter dated 14-3-74 of Smt. Jayvanti Narandas and S/Shri Vijaychandra N. Cantol and Dilipkumar N. Cantol was considered and it was resolved to give permission to Shri Vijaychandra Narandas Cantol to continue the business of M/s Narandas & Sons for two months more. 18. The letter dated 18-4-75 of S/Shri P.M. Choksey, R.D. Choksey and K.R. Choksey and Smt. Pushpavati Choksey was considered and it was resolved to give them permission to continue the business of M/s Choksey & Co., for a period of three months. 19. The President referred to the Resolution passed in the meeting of the Governing Board of the Stock Exchange held on 22nd of July, 1974 which resolved that the Stock Exchange should borrow and avail of a sum of Rs.15,00,000/- by way of Demand Loan from Bank of India and reported that the Stock Exchange has approached Bank of India fro an additional Loan of Rs.2,50,000/- which is unutilised portion of the original limit of Rs. 17.50 lacs sanctioned by the Bank to finance purchase of Magnetic Taper Transports. The President requested the Governing Board to pass requisite resolutions to avail of the loan facility from Bank of India. IT WAS RESOLVED AS FOLLOWS: 1. THAT the Stock Exchange do borrow a further sum upto Rs.2,50,000/- by way of Demand loan from the Bank of India on the terms, conditions and security mentioned below. Limit: Rs.2,50,000/- (unutilised portion of original limit of Rs.17.50 lacs sanctioned by the Bank) Term: DEMAND – Without prejudice to the demand nature of the loan, it is to be repaid within a period of 5 years by annual instalments of Rs. 3.50 lacs each commencing one year after the date of first disbursement of the loan i.e. from 26-7-1975. Rate of Interest : 61/4% over Bank Rate minimum 151/4% per annum with quarterly rests, or any other rate/s notified by the Bank from time to time. Security : 1. Demand Promissory Note for Rs. 2,50,000/- and interest at the rate aforesaid to be executed by the Stock Exchange in favour of the Bank. 2. Continuing Security Agreement; 3. Supplemental Deed of Hypothecation of Electronic equipment. Margin : 15% 2. THAT as security for due repayment of the said loan and interest at the rate aforesaid or any other rate/s notified by the Bank from time to time, the Stock Exchange do execute in favour of the Bank the documents referred to below, viz. a) Demand Promissory Note for Rs.2,50,000/- and interest at the rate aforesaid in favour of the Bank; b) Letter of continuing security; c) Supplemental Deed of Hypothecation of electronic equipment in terms of the forms of these documents which are produced to the Governing Board. 3. THAT the said documents, viz., i) Demand Promissory Note for Rs. 2,50,000/- ii) Letter of Continuing Security; iii) Supplemental Deed of Hypothecation be signed on behalf of the Stock Exchange by Shri Jayant Amerchand the President and Shri Vasantlal Champaklal Member of the Governing Board and countersigned by the Secretary A.J.Shah and the seal of the Exchange be affixed thereto and that such documents be thereafter delivered to the Bank. 4. THAT the Stock Exchange hereby declares and assures the Bank that its total borrowings including the loan facility mentioned above are within the borrowing limit sanctioned by the resolution passed at the General Body meeting of the Members of the Stock Exchange held on the 31st day of August, 1971 viz: Rs.2,50,000/- 5. THAT the said loan account be operated upon and instructions concerning the same may be given by and any acknowledgements or confirmations of debt and/or security which may be required by the Bank from time to time may be executed on behalf of the Stock Exchange by the President and a Member of the Governing Board and countersigned by the Secretary of the Stock Exchange. 6. AND THAT a copy of the foregoing resolutions certified to be a true copy by the President be furnished to the Bank. 20. Resolved that if necessary, arrangements should be made for obtaining a loan of Rs. 20 to 25 lakhs from the Central Bank of India against the Vanadium Steel, Tore Steel etc. Further resolved that in this connection the resolutions as under should be passed: 1) RESOLVED that arrangement be made with the Central Bank of India for a cash credit of Rs.2.5 lakhs against hypothecation of iron and steel materials with margin and interest as may be fixed by the Bank from time to time. 2) Also resolved that all necessary documents as may be required by the Bank be executed on behalf of the Exchange by the President , a member of the Governing Board and the Secretary and the seal of the Exchange be affixed thereon. 3) Also resolved that it may be confirmed to the Bank that these borrowings are within the borrowing powers of the Governing Board under the Rules, Bye-laws and Regulations of the Exchange.

21. Resolved that a new Current Account be opened with the Central Bank of India in the name of “The Stock Exchange” and be operated on jointly by the President, Shri Jayant Amerchand, or the Chairman Shri P.J. Jeejeebhoy or the Vice-Presidnet Shri Mathradas Samaldas or the Hon- Treasurer Shri Vasantlal Champaklal and by any one of the following six members of the Governing Board namely Shri Jivanchand Ratanchand Motishaw, Shri Rasiklal Maneklal, Shri Hiralal Girdharlal, Shri B.M. Gandhi Shri Vasantlal Kantilal and Shri Jasvantlal Chhotalal and be countersigned by the Secretary, Shri A.J. Shah. 22. The application dated 14-3-75 of the near relatives of the late Shri Jal J. Guzder nominating Shri Baldevdas Ramchand Raheja as a member of the Exchange in the place of the late Shri Jal J. Guzder was considered and after interviewing Shri Baldevdas Ramchand Raheja and his recommenders S/Shri C.S. Goenka and N.C. Lodhiwala it was resolved by 13 votes in favour and one against to elect Shri Baldevdas Ramchand Raheja as a member of the Exchange in the place of the late Shri Jal J. Guzder, subject to the Rules and Regulations of the Exchange. 23. The application dated 31-3-75 of the near relatives of the late Shri Pravinchandra Laxmidas Shah nominating Shri Vijaykumar Pravinchandra Shah as a member of the Exchange in the place of the late Shri Pravinchandra Laxmidas Shah was considered and after interviewing Shri Vijaykumar Pravinchandra Shah and his recommenders S/Shri Kantilal Chhaganlal and Priyakant M. Dalal it was resolved by 14 votes in favour and none against to elect Shri Vijaykumar Pravinchandra Shah as a member of the Exchange in the place of the late Shri Pravinchandra Laxmidas Shah, subject to the Rules and Regulations of the Exchange. 24. The letter dated 8-4-75 of The Vazir Sultan Tobacco Co.Ltd., for the trading lot of their equity shares from 100 shares to 50 shares was considered and it was resolved to change the trading lot of the equity shares of that Company and make it of 50 shares. 25. The letter dated 20-3-75 of Allied Steels Ltd., was considered and it was unanimously resolved that in view of the facts that the Auditors have certified receipt of the minimum subscription mentioned in the Prospectus, after allotment of the shares no application has been withdrawn and refund demanded and the company’s shares have been admitted in the list of the Calcutta Stock Exchange since long, the Equity and Preference Shares of the Company should be included in our list of securities traded on the Exchange and dealings in those shares should be made in lots of 50 shares and 5 shares respectively. 26. The letter dated 14-3-75 of Mohta and Heckel was considered and it was unanimously resolved that if the Company pays the arrears of the Annual Listing Fee for the year 1974 and the initital Listing fee for re-admission of its shares to the official list as well as the Annual Listing Fee for the year 1975, then its shares should be re-admitted to our list of securities traded on the Exchange. 27. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities traded on the Exchange and dealings in those securities should be done in the trading lots against their names: Urvi Investments Ltd. Equity 50 shares Willard India Ltd. Equity 50 shares Willard India Ltd. Preference 5 shares Gangappa Cables Ltd. Equity 50 shares Gangappa Cables Ltd. Preference 5 shares Trisur India Ltd. Equity 50 shares Eastern International Hotels Ltd. Equity 50 shares Behar Hotels Ltd. Equity 50 shares Behar Hotels Ltd. Preference 5 shares Behar Foundary & Castings Ltd. Equity 50 shares Globe Auto (Gujarat) Ltd. Equity 50 shares Otis Elevators Co. (India) Ltd. Equity 50 shares Sika Breweries Ltd. Equity 50 shares Scooter India Ltd. Equity 50 shares Vazir Sultan Tobacco Co. Ltd. New Equity 50 shares Industrial Credit and Investment 61/4% Debentures (1985). Corporation of India Ltd. Maharashtra Electricity Board 43/4% Debentures (1975) 5% Debentures 1976 53/4% Debentures 1977 53/4% Debentures 1976 53/4% Bonds 1978 Second series 6% Bonds 1979 6% Bonds 1980 6% Bonds 1980 second series 6% Bonds 1981 6% Bonds 1981 second series 6% Bonds 1981 third series 6% Bonds 1982 6% Bonds 1983 6% Bonds 1983 second series 6% Bonds 1984 6% Bonds 1985 6% Bonds 1985 second series 1/4% 6 Bonds 1986 28. Unanimously resolved that as the undermentioned securities have been redeemed, they should be removed from our list of securities traded on the Exchange: New Standard Engineering Co. Ltd. 9% Cumulative Redeemable Preference Shares Hindustan Everest Tools Ltd. 9.5% Cumulative Preference Shares Indian Aluminium Co. Ltd. 61/4% Debentures 1970-75 The Bombay Dyeing and Manufacturing 7% Debentures 1973-75 Co. Ltd. 29. As India Firebricks and Insulation Co. Ltd., has not yet paid the Annual Listing fee for the year 1974, the question of removing its shares from our list of securities traded on the Exchange was discussed and it was unanimously resolved that the company should be given time upto 21-5-75 for paying the Annual Listing Fee for the years 1974 and 1975 and it does not pay that Annual Listing Fee till then, the shares should be removed from our list of securities traded on the Exchange. 30. As Haryana Breweries does not give any reply to our letters, the question of removing its shares from our list of securities traded on the Exchange was discussed and it was resolved to warn the Company again and if no satisfactory explanation is received from the Company within one month, the matter should again be brought before the Board. 31. Unanimously resolved that as Deccan Farm and Distilleries has not still completed the listing requirements and has shown carelessness in furnishing the clarifications called for by us and has also failed to settle the complaints about which we have written to it, approval given to its listing application should be withdrawn.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

17-6-75 Tuesday, 17-6-75

Meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 P.M. under the Chairmanship of Seth Jayant Amerchand wherein the under mentioned members of the Board were present:

Seth Jayant Amerchand Seth J. R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Rasiklal Maneklal Seth Mathradas Samaldas Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Champaklal Seth A. R. Mahadevia Seth Vasantlal Kantilal Shah Seth Babubhai Maganlal Gandhi Seth Jasvantlal Chhotalal Seth Ashok Girdharilal Fozdar Seth Hiralal Girdharlal Seth Purshottam Gopiram Ruiya Seth Jayantilal Rangildas Khandwala

Government Nominees Shri. M. C. Bhatia Shri M. R. Mayya Shri S. C. Bafna

The following business was transacted in the meeting:

1. The application for help dated 1-6-75 of the The Edulji Framji Allbless Leprosy Home, Trombay for help was considered and it was resolved to give it a donation of Rs. 101/- from the Association Funds. 2. Applications of the undermentioned persons of our office staff for giving them loan was considered and it was resolved to give them loan of the amounts mentioned against their respective names below: Shri J.L. Quodros Rs. 1500/- Sepoy Balkrishna Shinde Rs. 500/- Sepoy Balkrishna Yeshwant Rs. 1400/- Watchman S.K.Tal Rs. 1000/- Hamal Dhonda Shripat Rs. 1000/- Sewwper Bhagwandas Tiloo Rs. 1200/-

3. The letter dated 27-4-75 of S/Shri Chandratandas Ramratandas Bagri, Dilipkumar Chandratandas Bagri, Shravankumar Ramkrishna Bagri and Bharatkumar Chandratandas Bagri, was read and it was noted that Shri Shravankumar Ramkrishna Bagri had separated from the firm of M/s C.R.D. Bagri and sons. 4. The application dated 12-5-75 of S/Shri Ratilal Kasturchand and Deepak Ratilal for partnership between them was considered and it was resolved that the partnership between them under the firm name of M/s Ratilal Kasturchand should be approved with effect from 12-5-75. 5. The letters dated 27-5-75 of S/Shri Ramanlal D. Shah and Nagindas Keshavlal Sanghvi were read and it was resolved to confirm the permission given to Shri Nagindas Keshavlal Sanghvi to do business as a Representative Member of Shri Ramanlal D. Shah. 6. The letter dated 19-4-75 of Smt. Sushilal Virendra Dalal was considered and it was resolved to give permission to Shri Bhogindra Gokaldas Dalal to conditnue the business of the late Shri Virendra Gokaldas Dalal for 3 months. 7. The letter dated 22-4-75 of Smt. Sushila Brijmohan Nemani and Kum. Nandinin Brijmohan was considered and ite was resolved to give permission to Shri Kantilal Hirachand Doshi and Shri Satyanarayan Laxminarayan Sharma to continue the business of M/s Shivnarayan Nemani for 3 months. 8. The letter dated 5-5-75 of S/Shri V.B. Maniar and P.B.Maniar was read and it was resolved to give them permission to continue the business of the late Shri Bapulal Jivraj Maniar for one more month. 9. The letter dated 17-5-75 of S/Shri Jitendra Ratilal and Deepak Ratilal , Smt. Indumati Ratilal and Kum. Nita Ratilal was considered and it was resolved to give permission to Shri Deepak Ratilal to continue the business of the late Shri Ratilal Kasturchand for 3 months. 10. The letter dated 19-5-75 of Smt. Jayanti Narandas and S/Shri Vijaychandra Narandas Cantol and Dilip Narandas Cantol was considered and it was resolved to give permission to Shri Vijaychandra Narandas Cantol to continue the business of M/s Narandas & Sons for one more month. 11. The letter dated 20-5-75 of Smt. Laxmibai Dattaram Patkar and S/Shri Narhar Dattaram Patkar, Suresh Dattaram Patkar and Anandkumar Dattaram Patkar and Kum. Alka Dattaram Patkar was considered and it was resolved to give permission to Shri Narhar Dattaram Patkar to continue the business of M/s A.B. Patkar & Co., for a period of 3 months. 12. The application dated 19-5-75 of the near relatives of the late Shri Narandas R. Cantol nominating Shri Vijaychandra Narandas Cantol as a member of the Exchange in the place of the late Shri Narandas R. Cantol was considered and after interviewing Shri Vijaychandra Narandas Cantol and his recommenders S/Shri Virendra K. Patel and Hiralal Chunilal it was resolved by 15 votes in favour and none against to elect Shri Vijaychandra Narandas Cantol as a member of the Exchange in the place of the late Shri Narandas R. Cantol, subject to the Rules and Bye-laws of the Exchange. 13. The application dated 14-5-75 of Shri Soli Rustomji Mahimwala nominating Shri Upendra Motilal Dalal as a member of the Exchange in his own place was considered and after interviewing Shri Upendra Motilal Dalal and his recommenders S/Shri Nagindas Pranjivandas and Sevantilal Kantilal it was resolved by 15 votes in favour and none against to elect Shri Upendra Motilal Dalal as a member of the Exchange in the place of Shri Rustomji Mahimwala, subject to the Rules and Bye-laws of the Exchange. 14. The application dated 22-5-75 of the near relatives of the late Shri Dhirajlal Kalidas Choksey nominating Shri Ramesh Dhirajlal Choksey as a member of the Exchange in the place of the late Shri Dhirajlal Kalidas Choksey was considered and after interviewing Shri Ramesh Dhirajlal Choksey and his recommenders S/Shri Pankaj Ishwarlal Kapadia and Champaklal Babubhai Marfatia it was resolved by 15 votes in favour and none against to elect Shri Ramesh Dhirajlal Choksey as a member of the Exchange in the place of the late Shri Dhirajlal Kalidas Choksey, subject to the Rules and Bye-laws of the Exchange. 15. The application dated 22-5-75 of the near relatives of the late Shri Virendra Gokaldas Dalal nominating Shri Kishan Ratilal Choksey as a member of the Exchange in the place of the late Shri Virendra Gokaldas Dalal was considered and after interviewing Shri Kishan Ratilal Choksey and his recommenders S/Shri Shirish Chimanlal Dave and Champaklal Babubhai Marfatia it was resolved by 15 votes in favour and none against to elect Shri Kishan Ratilal Choksey as a member of the Exchange in the place of the late Shri Virendra Gokaldas Dalal, subject to the Rules and Bye-laws of the Exchange. 16. The application dated 29-5-75 of Shri Jayantilal Jadowji nominating Shri Vishwanath Mangilal Jhunjhunwala as a member of the Exchange in his own place was considered and after interviewing Shri Vishwanath Mangilal Jhunjhunwala and his recommenders S/Shri Bhupendra Chamaklal Dalal and Debidutt K. Modi it was resolved by 14 votes in favour and none against to elect Shri Vishwanath Mangilal Jhunjhunwala as a member of the Exchange in the place of Shri Jayantilal Jadowji, subject to the Rules and Bye-laws of the Exchange. 17. Resolved that we should take a loan giving our 8% debentures stock 1981-86 as co-lateral security. 18. Unanimously resolved that the undermentioned securities should be struck off our list of securities traded on the Exchange as they have been redeemed: Jugilal Kamlapeth Cotton Spg. & 81/2% cumulative redeemable Wvg., Mills Co.Ltd. preference shares.

1/2% % The Amalgamated Electricity Co.Ltd. 5 and 5 Preference shares. 19. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities traded on the Exchange and dealings in those securities should be done in the trading lots against their names: The Southern Borax Ltd. Equity 50 shares Steel and Fasteners Ltd. Equity 50 shares Steel and Fasteners Ltd. Preference 5 shares Guarat Alkalines and Chemicals Ltd. Equity 50 shares J.K. Industries Ltd. Equity 50 shares J.K. Industries Ltd. Preference 5 shares Bohringer Knoll Ltd. Equity 50 shares Diamond Dies & Mfg. Corporation Ltd. Equity 50 shares Rathi Mini Steel Ltd. Equity 50 shares Special Steels Ltd. 11% Reedemable Convertible Preference Shares – 5 shares 20. Resolved that a notice should be placed as under: “All the members of the Exchange are hereby informed that the Governing Board has resolved that if no special condition is made when entering into ex- dividend transactions in any shares now and hereafter, then such transactions will be regarded as having been done subject to the following conditions: Except the transactions entered into on cum-dividend basis in any shares before transactions in those shares become ex-dividend, which are recorded and continued at ex-dividend price after making adjustment of dividend, whichever other ex-dividend transactions are entered into should be settled considering the price at which they are entered into as the final ex-dividend price. Even if any change takes place or is made afterwards in the dividend on those shares, the buyer or the seller will not have any liability for the difference in dividend caused thereby. Further, in respect of the cum-dividend transactions which are settled after closures of the company’s register of members payment/ receipt of the net dividend should be made on the basis of the dividend originally declared by the Company. However, if the declared dividends is changed before it is paid then payment / receipt of net dividend should be made on the basis of the revised dividend. Similarly, in respect of the cum-dividend transactions conditnued on ex-dividend basis as mentioned above in the beginning, the buyers and the seller will be mutually liable to each other and will have to pay such difference in dividend. The adjustment of dividend accordingly will be considered as final and if any change is made after its payment, the buyer and the seller will not be liable for it in any manner”.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

Dt: 19-8-75 Tuesday, 19-8-1975

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.30 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Rasiklal Maneklal Seth Phiroze J. Jeejeebhoy Seth Navinchandra C. Kampani Seth Mathradas Samaldas Seth A.R. Mahadevia Seth Vasantlal Champaklal Seth Babubhai Maganlal Gandhi Seth Vasantlal Katilal Shah Seth Chhotalal Devchand Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Hiralal Gidharlal Seth Purshottam Gopiram Ruiya Seth J.R. Motishaw Seth Jayantilal Rangildas Khandwala

Government Nominees Shri M.R. Mayya Shri M.C. Bafna

The following business was transacted in the meeting:

1. The application dated 18-6-75 of the Indian Red Cross Society for help was considered and it was resolved to give it help of Rs.101/- from “Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund”. 2. The application dated 9-6-75 of Masina Hospital for help was considered and it was resolved to give it help of Rs.501/- from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 3. The representation dated 12-8-75 and signed by 108 Members for keeping the market closed on Saturday 6-9-75 as it is the Jain Holiday of Mahavir Swami’s Birthday celebrations on Tuesday 9-9-75 as it is Association Holiday of Samvatsari was considered and it was resolved to keep the market closed on those days entirely for all kinds of business. 4. The application of the undermentioned persons of our office staff for giving them loans were considered and it was resolved to give each of them a loan of the amount shown against their respective names: Sepoy Vilas Gyandev Rs. 1250/- Sepoy Madhukar Bhiwa Rs. 3500/- Sepoy D.S. Sarmalkar Rs. 1600/- Liftman Sitaram Vithal Rs. 1000/- Hamal Sambhaji Ganpat Rs. 2000/-

5. The letter dated 22-7-75 of S/Shri Kanchanlal Hiralal Nanavati, Niranjan Kanchanlal Nanavati and Pravinchandra Hirlal Nanavati was read and it was noted that Shri Pravinchandra Hiralal Nanavati has separated from the firm of M/s Hiralal Nanavati from 1-7-75. 6. The applications for the undermentioned partnerships were considered and approved: Partnership firm’s name Name of Partners Date of Partnership M/s M.K. Choksey & Co. Shri Ramesh Dhirajlal Choksey 3-7-75 Shri Kisan Ratilal Choksey Shri Pravin Mangaldas Choksey Shri Ashok Ratilal Choksey M/s Narandas & Sons Shri Vijaychandra Narandas Cantol 14-7-75 Shri Dilipkumar Narandas Cantol

7. The letter dated 1-7-75 of Smt. Sushila B. Nemani and Kumari Nandini Brijmohan Nemani was considered and it was resolved to give permission to Shri Kantilal Hiralal Doshi and Shri Satyanarayan Laxminarayan Sharma to continue the business of Ms/ Shivnarayan Nemani for two months more. 8. The letter dated 4-8-75 of S/Shri Jitendra Ratilal and Deepak Ratilal, Smt. Indumati Ratilal and Kumari Nita Ratilal was considered and it was resolved to give permission to Shri Deepak Ratilal to continue the business of M/s Ratilal Kasturchand for two months more. 9. The President referred to the Resolution passed in the meeting of the Governing Board of the Stock Exchange held on 22nd of July, 1974 and 16th April, 1975 and reported that Bank of India (hereinafter referred to as “the Bank”) had at the request of the Stock Exchange agreed to continue to grant to the Stock Exchange demand loan facilities upto a limit of Rs.17,50,000/- on terms, conditions, and security mentioned below: Limit: Rs.17,50,000/- Term: DEMAND – Without prejudice to the demand nature of the loan, it is to be repaid within a period of 5 years by annual instalments of Rs. 3.50 lacs each commencing from 26-7-1976. Rate of Interest : 81/4% over Bank Rate minimum 151/4% per annum with quarterly rests. Security : 1. Demand Promissory Note by the Stock Exchange in favour of the Bank. 2. Continuing Security Agreement; 3. Letter of Lien & Set-off; 4. Agreement of Hypothecation as modified and enlarged by the Supplemental Deed of Hypothecation in respect of Electronic computer and other accessories thereof.

The President requested the Governing Board to pass the necessary resolutions for continuance of the loan facility to confirm the debit balance in the account, the documents executed and the security created in favour of the Bank, in terms of the Form L 444 D sent by the Bank. IT WAS RESOLVED AS FOLLOWS: 1. THAT the Stock Exchange do continue to borrow from the Bank from time to time by way of loan facility on terms as aforesaid and repayable on demand upto a limit of Rs.17,50,000 with interest at 61/4% over bank rate, minimum 15% per annum with quarterly rests or such other terms and at such other rate/s of interest, as may be notified by the Bank to the Stock Exchange from time to time. 2. THAT the Stock Exchange do confirm and acknowledge the debit balance in the account, the documents executed and the security created in favour of the Bank in terms of Form L 444D sent by the Bank and that in token of such confirmation and acknowledgement the Common seal of the Stock Exchange be affixed to the said Form L 444D in presence of and the same may be signed on behalf of the Stock Exchange by Mr. Jayant Amerchand President and Mr. Jivanchand Ratanchand Motishaw Member of the Governing Board and countersigned by Mr. Amritlal Jashraj Shah Secretary of the Stock Exchange. 3. THAT the said loan account be operated upon and instructions concerning the same may be given by any acknowledgement or confirmations debt and/ or security which may be required by the Bank may be given on behalf of the Stock Exchange as heretofore. 4. AND THAT a copy of the foregoing resolution certified to be a true copy by the President be furnished to the Bank. 10. “(1) Resolved that arrangement be made with the Bank of Karad Ltd., for a cash credit limit of Rs.8.50 lakhs against deposit of the 8% Debenture Stock 1981-86 of the Stock Exchange as collateral security. (2) Also resolved that all necessary documents as may be required by the Bank be executed on behalf of the Exchange by the President, a Member of the Governing Board and the Secretary and the Seal of the Exchange be affixed thereon. (3) Also resolved that a cast credit account be opened with The Bank of Karad Ltd., and be operated on jointly by the President, Shri Jayant Amerchand or the Chairman Shri P.J. Jeejeebhoy or the Vice- President Shri Matharadas Samaldas or the Hon. Treasurer Shri Vasantlal Champaklal and by any one of the following six Members of the Governing Board namely Shri Jivanchand Ratanchand Motishaw, Shri Rasiklal Maneklal, Shri Hiralal Girdharlal, Shri B.M. Gandhi, Shri Vasantlal Kantilal and Shri Jasvantlal Chhotalal and be countersigned by the Secretary, Shri A.J. Shah.” 11. The application dated 5-7-75 of Shri Mahendra Chimanlal Jhaveri nominating Shri Babubhai Maganlal Jhaveri as a member of the Exchange in his own place was considered and after interviewing Shri Babubhai Maganlal Jhaveri and his recommenders S/Shri Dhirajlal Maganlal and Jitendra Champaklal Mashruwala it was resolved by 15 votes in favour and none against to elect Shri Babubhai Maganlal Jhaveri as a member of the Exchange in the place of Shri Mahendra Chunilal Jhaveri subject to the Rules and Bye-laws of the Exchange. 12. The application dated 17-6-75 of Shri Harjivan Dosabhai nominating Shri Jitendra Harjivandas as a member of the Exchange in his own place was considered and after interviewing Shri Jitendra Harjivandas and his recommenders S/Shri V.N. Parekh and Keshavlal Laxmidas it was resolved by 15 votes in favour and none against to elect Shri Jitendra Harjivandas as a member of the Exchange in the place of Shri Harjivan Dosabhai, subject to the Rules and Bye-laws of the Exchange. 13. The application dated 5-7-75 of the near relatives of late Shri Kantilal Motiram Vakil nominating Shri Pravin Kantilal Vakil as a member of the Exchange in the place of the late Shri Kantilal Motiram Vakil was considered and after interviewing Shri Pravin Kantilal Vakil and his recommenders S/Shri Bhupendra Champaklal and Jayendra Mehta it was resolved by 15 votes in favour and none against to elect Shri Pravin Kantilal Vakil as a member of the Exchange in the place of late Shri Kantilal Motiram Vakil, subject to the Rules and Bye-laws of the Exchange. 14. The application dated 12-7-75 of the near relatives of late Shri Dattaram Narhar Patkar nominating Shri Narhar Dattaram Patkar as a member of the Exchange in the place of the late Shri Dattaram Narhar Patkar was considered and after interviewing Shri Narhar Dattaram Patkar and his recommenders S/Shri Pratapsinh Purshottam and V.D. Vyas it was resolved by 15 votes in favour and none against to elect Shri Narhar Dattaram Patkar as a member of the Exchange in the place of late Shri Dattaram Narhar Patkar, subject to the Rules and Bye-laws of the Exchange. 15. Unanimously resolved that as the undermentioned companies have not still paid the Annual Listing Fee for the year 1975 though repeatedly demanded, their shares should be removed from our list of securities traded on the Exchange with effect from 30-9-75 if they fail to pay that fee before that date: Asian Hydrates Ltd. Prestolite of India Ltd. Bhilai Wires Ltd. Surindra Stone Malt Ltd. Bombay Malleable Iron Castings & S.B.Joshi and Co.Ltd. Allied Industries Ltd. Bruton and Co. Engineers Ltd. Toshiba Anand Lamps Ltd. Bhopal Toughened Glass Works Vigyan Industries Ltd. Ltd. Century Metals Ltd. Vidharba Glass Works Ltd. Dharwar Electrical Industries Ltd. Western India Glass Works Ltd. Jaipur Metals and Electricals Ltd. Mysore Breweries Ltd. Northern India Glass Co.Ltd. Omega Locks & Typewriters Ltd. 16. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities traded on the Exchange and dealings in those securities should be done in the trading lots against their names: Kirti Investments Ltd. Equity 50 shares Peninsular Investments Ltd. Equity 50 shares Vikrant Tyres Ltd. Preference 5 shares Vikrant Tyres Ltd. Equity 50 shares Upper India Bearings and Bushings Ltd. Equity 50 shares Uniloids Ltd. Equity 50 shares Maharashtra Electrosmelt Ltd. Equity 50 shares Tinplate Company of India Ltd. Equity 50 shares Indian Dairy Entrepreneurs Agricultural Equity 50 shares Co.Ltd. Kumar Bronze Powders Ltd. Equity 50 shares The Pradesiya Industrial and Investment 10.25% -Rs.1000/- Corporation of Uttar Pradesh Ltd. Debentures National Co-operative Development Co- 6% Bonds – 5 Bonds operation American Universal Electric (India) Ltd. Equity 50 shares American Universal Electric (India) Ltd. Preference 5 shares Miles India Ltd. Equity 50 shares Assam Petrochemicals Ltd. Equity 50 shares Assam Petrochemicals Ltd. Preference 5 shares Mindea Chemicals Ltd. Equity 50 shares Triveni Sheet Glass Works Ltd. 11% Preference – 5 shares Godfrey Philips India Ltd. Bonus Equity and New Equity – 50 shares The Industrial Credit and Investment 63/4% 1990- Rs. 5000 Corporation of India Ltd. debentures

17. The Board considered the matter regarding the correspondence done with the Premier Tyres Ltd., in consultation with the proposed amendments made in its Articles of Association recently and deferred the matter for further consideration.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

8-10-75 Wednesday, 8-10-75

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth J. R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Rasiklal Maneklal Seth Mathradas Samaldas Seth Navinchandra Chhaganlal Kampani Seth Laldas Jamnadas Seth A.R. Mahadevia Seth Vasantlal Champaklal Seth Babubhai Maganlal Gandhi Seth Vasantlal Kantilal Shah Seth Chhotalal Devchand Parekh Seth Jasvantlal Chhotalal Seth Ashok Girdharlal Fozdar Seth Hiralal Girdharlal Seth Purshottam Gopiram Ruiya Seth Jayantilal Rangildas Khandwala

Government Nominees Shri M.C. Bhatt Shri M.R. Mayya Shri S.C. Bafna

The following business was transacted in the meeting:

1. The applications of the undermentioned persons of our office staff for giving them loans were considered and it was resolved to give them loans as shown below against their names: Shri Ambujakshan Rs. 1500/- Shri Ragunath Keshavji Rs. 3000/- Sepoy Laxman Tukaram Rs. 2000/-

2. The application dated 6-10-75 of Smt. Gulaben Devidas wife of our late pensioner Devidas Madhavji was considered and it was resolved to gime her help of Rs.75/- per month for one more year from the Association Fund and to write to her that such help will not be continued thereafter. 3. The letter dated 2-9-75 of Smt. Basantidevi Ramanlal Mohta and S/Shri Ramgopal Mohta, Brijmohan Ramanlal Mohta, Nandkishore Ramanlal Mohta and Rajratan Ramanlal Mohta was considered and it was resolved to give permission to Shri Rajratan Ramanlal Mohta to continue the business of M/s R.G. Mohta for 3 months. 4. The letters dated 29-8-75 of M/s D.A. Shah and Sons and Shri T.H. Eidnani were considered and it was resolved to give permission to Shri T.H. Eidnani to do business as a Representative Member of M/s D.A. Shah and Sons. 5. The undermentioned partnerships were approved: Name of Partnership Name of Partners Date of Partnership firm Firm M/s Narottam B. Shri Narottam 1-7-75 Jhaveri Bhikhubhai Jhaveri Shri Kamal Narottam Jhaveri M/s K. Motiram Vakil Shri Pravin Kantilal 18-9-75 Vakil Shri Mahesh Kantilal Vakil M/s Nagarmal Saraf Shri Nagarmal Shrinivas 20-4-75 Saraf Shri Murarilal Nagarmal Saraf 6. The letter dated 6-10-75 of Shri Sam Chunilal Navandev was considered and it was resolved to give him permission to do business in the market in his own name with effect from 3-11-75. 7. The application dated 13-8-75 the near relatives of the late Shri Brijmohan Surajmal Nemani nominating Shri Anupam Brijmohan Nemani as a member of the Exchange in the place of late Shri Brijmohan Surajmal Nemani was considered and after interviewing Shri Anupam Brijmohan Nemani and his recommenders S/Shri K.M. Nemani and Ramniklal Nanalal it was resolved by 15 votes in favour and none against to elect Shri Anupam Brijmohan Nemani as a member of the Exchange in the place of late Shri Brijmohan Surajmal Nemani, subject to the Rules and Bye-laws of the Exchange. 8. As the undermentioned companies have paid-up the Annual Listing Fee for the year 1974 it was unanimously resolved to re-admit their securities to our list of securities traded on the Exchange: Surindra Stain Malt Ltd. The Dharwar Electrical Industries Ltd. Jaipur Metals and Electricals Ltd. At this point of time Shri Jasvantlal Chhotalal came and joined the meeting. 9. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and the special requirements stipulated by us their undermentioned securities should be admitted to our list of securities traded on the Exchange and dealings in those securities should be done in the trading lots shown against their respective names: Textile Processing Corporation of India Ltd. Equity 50 shares Textile Processing Corporation of India Ltd. Preference 5 shares Hyderabad Vanaspati Ltd. Equity 50 shares Hyderabad Vanaspati Ltd. 9.5% Preference 5 shares Hyderabad Vanaspati Ltd. 11% Preference 5 shares Hyderabad Carbons and Chemicals Ltd. Equity 50 shares Hyderabad Carbons and Chemicals Ltd. Preference 5 shares A.E.W. Jenson Ltd. Equity 50 shares Purulia Steels Ltd. Equity 50 shares Rishabh Ispat Ltd. Equity 50 shares Hotel Banjara Ltd. Equity 50 shares Orissa Industries Ltd. Equity 50 shares Apollo Tyres Ltd. Equity 50 shares Apollo Tyres Ltd. Preference 5 shares The State Industrial and Investment Corporation 61/4% Bonds 1985. of Maharashtra Ltd. % Colour Chem Ltd. 11 Preference 5 shares 10. The letter dated 11-8-75 of the Bank of Baroda was considered and it was unanimously resolved as that company has been amalgamated with Mahindra Ugine Steel Ltd., its shares should be removed from our list of securities traded on the Exchange. 11. The letter dated 18-9-75 of the Defaulters’ Committee regarding defaulter Shri Sobhagyachand Mohanlal Shah was read and noted. 12. The correspondence with the Premier Tyres Ltd., in connection with the proposed amendments made by the Company recently in its Articles of Association was considered and that matter was postponed for further consideration.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

21-10-75 Tuesday, 21-10-75

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Mahradas Samaldas wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Rasiklal Maneklal Seth Laldas Jamnadas Seth Navinchandra C. Kampani Seth Vasantlal Champaklal Seth Babubhai Maganlal Gandhi Seth Vasantlal Katilal Shah Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya Seth Hiralal Gidharlal Seth Jayantilal Rangildas Khandwala

Government Nominees Shri M.R. Mayya Shri S.C. Bafna

The following business was transacted in the meeting:

1. Seth L.A. Munjal, Jt. Director, Stock Exchange Division, Department of Economic Affairs, Ministry of Finance was invited and welcomed. The President thanked him for accepting the invitation and for his august presence in the meeting. He introduced him to the meeting of the Board. 2. Resolved that our market should be kept open on Monday, 3-11-75 from S.T. 6.00pm to 7 pm for doing Muhurat transactions for the Kartik Vikram Samvat 2032. 3. The undermentioned partnership was approved: Name of the Name of Partners Date of Partners Partnership Firm

M/s Shivnarayan Shri Anupam Brijmohan 23-10-75 Nemani Nemani Shri Vijaychandra Shrigopal Ganeriwala M/s Harjivandas Shri Pranjivandas 23-10-75 Nemidas & Co. Harjivandas Shri Prasann Pranjivandas Shri Bharat Pranjivandas Shri Jayant Pranjivandas M/s Natverlal Shri Natverlal Balubhai 4-11-75 Champaklal & Co. Choksey Shri Kishore Natverlal Choksey Shri Champaklal Balubhai Marfatia Shri Ram Champaklal Marfatia

4. The Report, Income and Expenditure Account and Balance Sheet of our Association for the year 1974 were passed. 5. The letter dated 9-10-75 of our Auditors, M/s S.B. Bilimoria & Co., asking for an increase in their remuneration for auditing our Accounts was considered and it was unanimously resolved to increase their remuneration and pay them Rs.5000/- per annum from the year 1975 and to make recommendation to the Governing Board accordingly. Furhter resolved that for auditing the accounts of the Trust Funds their remuneration should be increased and fixed as under from the year 1975: The Stock Exchange Education and Research Rs. 500/- Services The Stock Exchange Foundation Rs. 500/- Seth K.R.P.Shroff Stock Exchange Sarvajanik Fund Rs. 250/- Shri M.C. Mehta Smarak Fund Rs. 250/- Distress Relief Fund Rs. 50/- Famine Relief Fund Rs. 50/- Charity Fund Rs. 50/- Seth Shantilal Jamnadas Smarak Fund Rs. 50/- Seth M.C. Baxi Prize Fund Rs. 50/-

6. Unanimously resolved that as the undermentioned securities have been redeemed, they should be removed from the list of securities traded on the Stock Exchange: Hindustan Petroleum Corporation 6% preference shares Ltd. The Industrial Credit and 6% debentures (1975-77) Investment Corporation of India Ltd. 7. As the undermentioned companies have paid the Annual Listing fee for the year 1974 it was unanimously resolved to re-enter their securities for trading on the Exchange: Bhopal Toughened Glass Works Ltd. Brunton & Co. Engineers Ltd. Asian Dehydrates Ltd. 8. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities traded on the Exchange and dealings in those securities should be done in the trading lots against their names: Sugar Investments Ltd. Equity 50 shares Uttar Pradesh Straw and Agro Products Equity 50 shares Ltd. Madhya Pradesh Audyogic Vikas Nigam 61/4% Bonds (1985). Ltd. % Dabriwala Steel and Engineering Co.Ltd. 10.25 Debetures 9. The matter regarding the amendments secretly made in the Articles of Association of Premier Tyres Ltd., as proposed was discussed and Shri Chandrakant S. Desai, the Chairman of the Company was also heard. It was resolved that the Board recognised existence of the problem. However, as the proposed alterations and additions do not appear to be fit for a public limited listed company and are also likely to have more repercussions than the object in view, the Company should find out some other solution and we cannot give approval for the proposed amendments and alterations. 10. Resolved that an amount of Rs. 6,50,000/- should be given from the Stock Exchange Education and Research Services Fund to the Stock Exchange Foundation on condition that half of it namely Rs. 3,25,000/- will be regarded as corpus.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

3-2-76 Tuesday, 3-2-76

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 P.M. under the Chairmanship of Seth Jayant Amerchand wherein the under mentioned members of the Board were present:

Seth Jayant Amerchand Seth Navinchandra Chhaganlal Kampani Seth Phiroze J. Jeejeebhoy Seth A. R. Mahadevia Seth Mathradas Samaldas Seth Babubhai Maganlal Gandhi Seth Vasantlal Champaklal Seth Chhotalal Devchand Seth J. R. Motishaw Seth Ashok Girdharilal Fozdar Seth Rasiklal Maneklal Seth Jayantilal Rangildas Khandwala

Government Nominees Shri M. R. Mayya

The following business was transacted in the meeting:

1. Expressing a deep sense of sorrow of the sad demise of the wife of Seth Babubhai M Gandhi two minutes silence was observed standing up in her honour. 2. The application for help of the Maharashtra State Amateur Athletic Association was read and it was resolved to confirm the help of Rs.500/- given to it from the Association Fund. 3. The applications of the undermentioned organizations were considered and it was resolved to give each of them Rs.101/- as help from the Association Fund: 1. The Tata Agricultural and Rural Training Centre for the Blind. 2. The Bombay Dumb and Deaf Institution. 3. The Maharashtra Tuberculosis Association. 4. The application dated 30-11-75 of Sarvodaya Arogya Nidhi was considered and it was resolved that we cannot give any help to it. 5. The application dated 12-12-75 of Shri G.N. Kunder for giving him help of Rs.160/- for medical treatment expenses incurred by him was considered and it was resolved to give him help of Rs.80/- from the Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 6. Resolved to give approval to the loan of Rs.3500/- given to our accountant Shri A.B.Desai and the loan of Rs.2000/- given to our liftman Maruti Govind Gujmal. 7. The application of the undermentioned persons of our office staff to give thme loans were considered and it was resolved to give loans to them of the amounts mentioned against their names: Hamal Ravji Babu Rs.2000/- Hamal Mahadev Lakhu Rs. 2000/- Sweeper Khachera Dhureram Rs. 1000/- 8. The letter dated 24-12-75 of S/Shri Noshir Nanabhoy Saher and Babubhai Maganlal Gandhi was read and it was noted that Shri Babubhai Maganlal Gandhi had separated from the firm of M/s Merwanjee Bomanji Dalal with effect from 31-12-75. 9. The letter dated 23-11-75 of S/Shri Kantilal Maganlal Purshottamdas and Ishwarlal Maganlal Purshottamdas was read and it was noted that Shri Kantilal Maganlal Purshottamdas had separated from the firm of M/s Ishwarlal Kantilal & Co. 10. The letter dated 11-2-75 of S/Shri Jamnadas Sankalchand and Harivallabhdas Chunilal was read and it was noted that Shri Harivallabhdas Chunilal had separated from the partnership firm of M/s Sankalchand Damodardas with effect from 3-1-76. 11. The letter dated 8-11-75 of S/Shri A.R. Mahadevia, M.S. mahadevia, V.A.Mahadevia, G.B. Desai, B.J. Mahadevia, A.A. Mahadevia, J.A. Mahadevia and M.A. Mahadevia was read and it was noted that Shri Hariprasad Sambhuprasad Mahadevia had separated from the partnership firm of Mahadevia Brothers with effect from 4-11-75. 12. The application for partnership of S/Shri Jamnalal Maruplal, Sumatilal Jamnalal, Niranjan Jamnalal, Yogesh Sumatilal and Paresh Sumatilal was considered and it was resolved to approve their partnership under the firm name of M/s Sumatilal Jamnalal with effect from 4-11-75. 13. The letter dated 28-10-75 of Shri Jitendra Ratilal, Shri Deepak Ratilal, Smt. Indumati Ratilal and Kumari Nita Ratilal was read and it was resolved to give permission to Shri Deepak Ratilal to continue the business of the late Shri Ratilal Kasturchand for one more month. 14. The letter dated 28-11-75 of Smt. Basantidevi Mohta and S/Shri Ramgopal Ramanlal Mohta, nandkishore Ramanlal Mohta, Brijmohan Ramanlal Mohta and Rajratan Ramanlal Mohta was read and it was resolved to confirm the permission given to Shri Ramgopal Ramanlal Mohta to continue the business of M/s R.G. Mohta for two more months. 15. The letter dated 2-2-76 of Smt. Hiramati Pranjivandas and S/Shri Prasanna Pranjivandas Broker,Bharat Pranjivandas Broker, Jayant Pranjivandas Broker and Hemant Pranjivandas Broker was read and it was resolved to give permission to Shri Prasann Pranjivandas Broker to continuer the business of M/s Harjivandas Nemidas & Sons for 3 months. 16. The application of Shri Surendra Motilal Purohit dated 13-11-75 nominating Shri Vinodkumar Bhagwati Prasad Rungta was a member of the Exchange in his own place was considered and after interviewing Shri Vinodkumar Bhagwati Prasad Rungta and his recommenders Shri Brijmohan Sagarmal it was resolved by 10 votes in favour and none against to elect Shri Vinodkumar Bhagwatiprasad Rungta as a member of the Exchange in the place of Shri Surendra Motilal Purohit, subject to the Rules and Bye-laws of the Exchange. Shri A.R. Mahadevia came and joined the meeting at this time. 17. The application dated 28-10-75 of the near relatives of the late Shri Ratilal Kasturchand nominating Shri Deepak Ratilal as a member of the Exchange in the place of the late Shri Ratilal Kasturchand was considered and after interviewing Shri Deepak Ratilal and his recommenders S/Shri Govindbhai B. Amin and Rasiklal Manilal Shah it was resolved by 11 votes in favour and none against to elect Shri Deepak Ratilal as a member of the Exchange in the place of late Shri Ratilal Kasturchand, subject to the Rules and Bye-laws of the Exchange. 18. The application dated 24-11-75 of the near relatives of the late Shri R.G. Mohta nominating Shri Ramgopal Ramanlal Mohta as a member of the Exchange in the place of the late Shri R.G. Mohta was considered and after interviewing Shri Ramgopal Ramanlal Mohta and his recommender Shri Gaurishankar B. Churiwala it was resolved by 11 votes in favour and none against to elect Shri Ramgopal Ramanlal Mohta as a member of the Exchange in the place of late Shri R.G. Mohta, subject to the Rules and Bye-laws of the Exchange. 19. The letters dated 3-1-76 of M/s Khimji Poonja & Sons and Shri Ramniklal Mangaldas was read and it was resolved to confirm the permission given to Shri Ramniklal Mangaldas to do business as a Representative Member of M/s Khimji Poonja & Sons. 20. The letter dated 21-1-76 of S/Shri Ramniklal Mohanlal and Jeramdas Dulomal Jasnani were read and it was resolved to give permission to Jeramdas Dulomal Jasnani to do business as a Representative Member of Shri Ramniklal Mohanlal. 21. The letter dated 2-2-76 of Shri Bipin Ratilal Kapadia wanting to buy one membership right of the Exchange at a price of Rs. 27500/- was read and it was resolved to sell one membership right to him at that price and to consider that membership right as of late Shri Bhaidas Gulabchand. 22. Resolved that the following amendments be made in Appendix B to Regulation 2 of the Stock Exchange Rules, Bye-laws and Regulations, 1957. In sub-clause ( c) of clause 3 for the words “endorsement of calls”, “endorsement of calls/ allotment monies” shall be substituted. In sub-clause (e) of clause 4, for the words “recognized stock exchanges”, the words “recognized stock exchanges in India” shall be substituted. In clause 6, after the words “the Company will” and before the words “make on transfers”, the word “promptly” shall be inserted. In clause 10, after the words, “Company will” and before the words “verify the signature”, the word “promptly” shall be inserted. Clause 16 shall be substituted by the following, namely: “16. The Company agrees to close its Transfer Books for purposes of declaration of dividend or issue of right or bonus shares or for such other purposes as the Exchange may agree to or requires and further agrees to close its Transfer Books at least once a year at the time of the Annual General Meeting if they have not been otherwise closed at any time during the year and to give to the Exchange notice in advance of at least twenty-one days, or of as many days as the Exchange may form time to time reasonably prescribe, stating the dates of closure of its Transfer Books (or, when the Transfer Books are not to be closed, the date fixed for taking a record of its shareholders or debenture holders) and specifying the purpose or purposes for which the Transfer Books are to be closed (or the record dated is to be taken) and to send copies of such notices to other recognized Stock Exchanges in India.” In clause 19, after the words “bonus issue” and before the words “is due to be considered”, the words “or the passing over of dividend” shall be inserted. In sub-clause b) of clause 20, after the word “the” and before the words “net profits”, the words “total turnover, gross profit/loss, provision for depreciation, tax provisions and” shall be inserted and the words “with particulars of the estimated tax liabilities” shall be deleted. In clause 21, for the words “the dividend warrants” the words “simultaneously the dividend warrants which shall be encashable at par at all the branches of its bankers” shall be substituted. In sub-clause 9a) of clause 31, after the words “are issued”, the words “and one copy each to all the recognized stock exchanges in India” shall be inserted. In sub-clause (e) of clause 31, for the word “reconstruction”, the words “reconstruction”, reduction of capital” shall be substituted. After clause 39, at the end, the following proviso shall be inserted, namely: “PROVIDED ALWAYS AND THE COMPANY HEREBY IRREVOCABLY AGREES AND DECLARES THAT unless the Exchange agrees otherwise the Company will not without the previous permission in writing of the Central Government withdraw its adherence to this agreement for listing its securities”.

23. It was noted that the Chairman had declared M/s Devkaran Nanjee & Co., as a defaulter as it had failed to meet its liabilities according to the decisions of the Arbitration Committee against it. 24. The report dated 28-1-76 of Shri Shapurji Broacha Brokers Helping fund Committee was read and it was approved. 25. Unanimously resolved that as the 7% Debentures Stock 1971/76 of Indian Aluminum Co. Ltd., has been redeemed it should be removed from our list of securities traded on the Exchange. 26. As Omega Locks and Typewriters Ltd., had failed to pay the Annual Listing Fee for the year 1974 it was unanimously resolved to remove its shares from our list of securities traded on the Exchange. 27. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, their securities mentioned against their respective names should be admitted to our list of Non-Cleared securities traded on the Exchange and dealings in those securities should be done in the trading lots against their names: 1.Usha Martin Black (Wire Ropes) Ltd. Equity 50 shares Usha Martin Black (Wire Ropes) Ltd. ‘A’ Preference 5 shares Usha Martin Black (Wire Ropes) Ltd. ‘B’ Preference 5 shares 2. Jay Electric Wire Corporation Ltd. Equity 50 shares Jay Electric Wire Corporation Ltd. Preference 5 shares 3. Mahavir Spinning Mills Ltd. Equity 50 shares Mahavir Spinning Mills Ltd. Preference 5 shares 4. Transport Corporation of India Ltd. Equity 50 shares 5. Sundaram Elex Ltd. Equity 50 shares 6. Denison Hydorlics India Ltd. Equity 50 shares Denison Hydorlics India Ltd. Preference 5 shares 7. Brindavan Alloys Ltd. Equity 50 shares Brindavan Alloys Ltd. Preference 5 shares 8. Punjab Con-cast Steels Ltd. Equity 50 shares 9. Derco Cooling Coils Ltd. Equity 50 shares Derco Cooling Coils Ltd. Preference 5 shares 10. Modern Proteins Ltd Equity 50 shares 11. Investment and Precision Castings Ltd. Equity 50 shares 12. Deccan Wires Ltd. Equity 50 shares 13. Andhra Pradesh Scooters Ltd. Equity 50 shares 14. Marthi Crysttal Salt Co.Ltd. Equity 50 shares 15. Neomar Ltd. Equity 50 shares 16. Hindustan Electro Graphites Ltd. Equity 50 shares Hindustan Electro Graphites Ltd. Preference 5 shares 17. Shree Minakshi Sundaram Textiles Ltd. Equity 50 shares 18. T.K. Chemicals Ltd. Equity 50 shares 19. Aravalli Swachit Vahan Ltd. Equity 50 shares 20. Katihar Jute Mills Ltd. Equity 50 shares 21. Kamalakshi Finance Corporation Ltd. Equity 50 shares 22. Ashok Leyland Ltd. Equity 50 shares 23. Industrial Finance Corporation of India 73/4% Debentures – Rs.1000/-. Industrial Finance Corporation of India 6% Bonds (second series)

28. Holidays of our Association for the year 1976 was decided.

Sd/- Sd/- A.J. Shah Mathradas Samaldas Secretary President

Dt: 18-5-1975 Tuesday, 18-5-76

A meeting of the Governing Board of the Stock Exchange was held at S.T. 3.30 P.M. under the Chairmanship of Seth Mathradas Samaldas in the beginning and thereafter under the Chairmanship of Seth Jayant Amerchand wherein undermentioned members of the Board were present: Seth Jayant Amerchand Seht Navinchandra Chhaganlal Kampani Seth Phiroze J. Jeejeebhoy Seth A. R. Mahadevia Seth Mathradas Samaldas Seth Hiralal Girdharlal Seth Rasiklal Maneklal Seth Babubhai Maganlal Gandhi Seth Laldas Jamnadas Seth Jayantilal Rangildas khandwala Seth J. R. Motishaw Seth Chhotalal Devchand Parekh Seth Vasantlal Champaklal Seth Vasantlal Jivatlal Seth Purshottam Gopiram Ruiya

Government Nominees Shri M. R. Mayya Shri S. C. Bafna Dr. S. L. Shety ( Alternate)

The following Business was transacted in the meeting 1. Proposed by Seth J. R. Matishaw and supported by Seth Purshottam Gopiram Ruiya, Seth Mathradas Samaldas was unanimously elected as Chairman of the meeting. 2. Proposed by Seth Mathuradas Samaldas and supported by Seth Rasiklal Maneklal Seth Jayant Amerchand was unanimously elected as the President.

Seth Mathradas Samaldas handed over the Chairmanship to Seth Jayant Amerchand and also congratulate the members of the Board.

Seth Jayant Amerchand thanked for the trust reposed in him by all the members of the Board. He made mention of the appointment of Dr. S. L. Shety as on alternate Government nominee on the Board and welcomed him.

Expressing a source of gratitude for the support and co-operation by all the members of the Board and Government nominees last year he expressed hope that during the current year also they would continue to give support and co-operation on the same way. 3. Proposed by the Seth Rasiklal Maneklal and supported by Seth J. R. Motishaw Shri Mathradas Samaldas was unanimously elected as the Vice-President. 4. Proposed by Seth Hiralal Girdharlal and supported by Seth Laldas Jamnadas, Seth Vasantlal Champaklal was unanimously elected as the Hon. Treasurer. 5. Resolved that the under mentioned members are appointed as members of the Arbitration Committee for the year 1976-77: Shri Keki N. Chinoy Shri S. M. Shah Shri Jayantilal M. Dalal Shri Ngindas Trambakal Parekh Shri M. L. Kazi Shri V. K. Nanavati Shri L. N. Kapadia Shri Jayendra D. Mehta Shri D. U. Shukla Shri Rasiklal S. Jhaveri Shri Hariram Dwarkadas Shri Govindbhai B. Desai Shri Bhagubhai Amritlal Gandhi Shri Jitendra Champaklal Mashruwala Shri Champaklal Babubhai Marfatia Shri Ramdas Lallubhai

6. Resolved to appoint Defaulter’s Committee for the year 1976-77 considering of the Undermentioned members: Seth Vasantlal Champaklal Seth Jayantilal Mansukhlal Dalal Seth Vasantlal Kantilal Shah Seth Rasiklal S. Jhaveri Seth Jasvantlal Chhotalal Seth Nagindas Trambaklal Parekh

7. Resolved to appoint Sir Shaporji Brocha Brokers Helping Fund committee considering of the under mentioned members Seth J. R. Motishaw Seth Vasantlal Champaklal Seth Mathradas Samaldas Seth Dhirajlal Maganlal

8. Resolved to appoint Building Committee consisting of S/Shri Mathradas Samaldas, Vasantlal Kantilal Shah and Jasvantlal Chhotalal 9. Resolved that cheques be signed by the President Shri Jayant Amerchand or the Chairman Shri P. J. Jeejeebhoy or the Vice President Shri Mathradas Samaldas, or the Hon. Treasurer Shri Vasantlal Champaklal and any one of the following seven members of the Governing Board, namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal, and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J,. Shah and in his absence by Shri S. N. Karaka or Shri M. D. Vyas. 10. Resolved that the various Accounts and safe Custody Accounts of the Exchange with Bank of India be operated on jointly by the President, Shri Jayant Amerchand, or the Chairman Shri P. J. Jeejeebhoy, or the Vice President Shri Mathradas Samaldas, or the Hon. Treasurer Shri Vasantlal Champaklal and by any one of the following seven members of the Governing Board namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdhrlal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah and in his absence by Shri S. N. Karaka or Shri M. D. Vyas. 11. Resolved that the Current Accounts and Safe Custody Accounts with the Bank of India in the name of The Stock Exchange Staff Provident and the Stock Exchange Staff gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being or the survivors of survivor of them or jointly by the Hon. Treasurer , Shri Vasantlal Champaklal and any one of the following seven members of the Governing Board namely, Shri Rasiklal Maneklal, Shri Navinchandra C. Kampani, Shri Hiralal Girdharlal, Shri B. M. Gandhi, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah, and in his absence by Shri S. N. Karaka or Shri M. D. Vyas. 12. The application dated 31.01.76 for help of the All India Federation of the Deaf was considering and it was resolved to give at the help of Rs. 101/- from the Association Fund. 13. The applications dated 6-4-76 and 6-5-76 of our havaldar Shankar Ratonji and Sepoy Ramchandra Mahadev respectively for giving them help for the expenses incurred by them for medical treatment during their sickness were considered and it was resolved to give help of Rs. 120/- and Rs. 245/- respectively from the Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 14. Resolved to confirm the loan of Rs.2,000/- given to our officer Shri M. D. Vyas. 15. The applications of there undermentioned employees was considered and it was resolved to give them loans of the amounts mentioned against their respective names: Shri KVB Shankar Rao Rs.2,500/- Shri H. A. Patni Rs.3,000/- Shri V. K. Sharma Rs.2,700/- Shri M. K. Shivraman Rs.2,000/- Shri G. S. Tompe Rs.1,400/- Liftman Tukaram Laxman Rs.1,100/- Sepoy Pandurang Ziloo Rs.1,200/- Sepoy Balkrishna Shinde Rs.750/- Sepoy Balkrishna Yashvant Rs. 900/- Sweeper Chhangaram Gangaram Rs.500/- Sweeper Bhagwandas Tillu Rs.800/-

16. The letter dated 2-7-76 of S/Shri Anupam Brijmohan Nemani and Vijay Kumar Shri Gopal Ganeriwala was considered and it was resolved to note that Shri Vijay Kumar Shri Gopal Ganeriwala had separated from the firm M/s. Shivnarayan Nemani and Shri Brijmohan Nemani had from that date continued to do business as the sole proprietor of that firm. 17. The application dated 15-4-76 S/Shri Jayantilal Rangiladas Khandwala, Ashok Jayantilal Khandwala and Paresh Jayantilal Khandwala for their partnership was considered and it was resolved to approve their partnership under the firm name of M/s. Jayantilal Khandwala & Sons with effect from 3-5-76 18. The letter dated 15-2-75 of M/s. Mangaldas Keshavlal and Shri Ajitkumar C. Kamdar were considered and it was resolved to give permission to Shri Ajitkumar C. Kamdar to do business as a representative member of M/s. Mangaldas Keshavlal on condition that he should not issue contracts to his clients in his own name. 19. The letter dated 18-5-76 of M/s. D. A. Shah & Sons and Shri Amarchand Lallubhai Sukhadia were considered and it was resolved to give permission to Shri Amarchand lallubhai Sukhadia to do business as Representative member of M/s. D. A. Shah & Sons on considered that Shri Amarchand lallubhai Sukhadia should not issue contracts to clients to his own name. 20. The letter dated 8-4-76 of Shri J.T. Halai asking for permission to do business in the market in his own name was considered and it was resolved that his request cannot be granted and in that connection his attention should be drawn to our letter dated 3-4-74. 21. The application dated 22-4-76 of the near relatives of the late Shri Narottamdas Bhikhubhai Jhaveri nominating Shri Kamal Marottam Jhaveri as a member of the Exchange in the place of late Shri Narottamdas Bhikhubhai Jhaveri was considered and after interviewing Shri Kamal Narottam Jhaveri and his recommenders Shri Suresh K. Vakil it was resolved by 14votes in favour and none against to elect Shri Kamal Narottam Jhaveri as a member of the Exchange in the place of late Shri Narottamdas Bhikhubhai Jhaveri, subject to the Rules Bye-laws of the Exchange. 22. The application dated 4-2-76 of Shri Bipin Kantilal Kapadia for membership of the Exchange was considered and after interviewing Shri Bipin Kantilal Kapadia and his recommenders Shri Ishwaelal T. Nanavati, it was resolved by 14 votes in favour and none against to elect Shri Bipin Kantilal Kapadia as a member of the Exchange, subject to the Rules and Bye-laws of the Exchange, and membership Right sold to him should be considered as that of the late Shr Bhaidas Gulabchand 23. The Application dated 26-3-76 of the near relatives of the late Shri Keshav Vasantrao Raut nominating Shri Bharat Sumant Raut as a member of the Exchange in the place of late Shri Keshav Vasantrao Raut was considered and after interviewing Shri Bharat Sumant Raut and his recommender Shri Hiralal Chunilal it was resolved by 14 votes in favour and none against to elect Shri Bharat Sumant Raut as a member of the Exchange in the place of late Shri Keshav Vasantrao Raut, subject to the Rules and Regulations of the Exchange on the condition that he should not do business in the market in his own name for two years. 24. The application dated 4-2-76 of the near relatives of the late Shri Pranjivandas Harjivandas nominating Shri Prasanna Pranjivandas Broker as a member of the Exchange in the place of late Shri Pranjivandas Harjiandas was considered and after interviewing Shri Prasanna Pranjivandas Broker and his recommenders S/Shri Dhansukhlal Keshavlal and Manmohandas Keshavlal it was resolved by 14 votes in favour and none against to elect Shri Prasanna Pranjivandas as a member of the Exchange in the place of late Shri Pranjivandas Harjivandas, subject to the Rules and Bye-laws of the Exchange. 25. The letter dated 24-1-76 of the Bhopal Sugar Industries Ltd. requesting for transferring its shares form the list of cleared securities to the list of non-cleared securities was considered and it was resolved to place its shares on the list of non- cleared Securities from 12-6-76 26. Unanimously resolved that as 8.325% Preference shares of Poly Chem Ltd. have been redeemed they should be struck off our list of securities traded on the Exchange. 27. The letter of the recommendation companies were considered and it was unanimously resolved that as they do not want to continue listing of their securities on the Exchange, their securities should be struck off the list of securities traded on the Exchange. 28. As Bhilai Wires Limited has paid up the Annual Listing fee for the year 1975 and 1976 it was unanimously resolved to readmit their securities to our list of securities traded on the Exchange. 29. The listing application of the under mentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations and compliance with the usual requirements and other special requirements stipulated by us as may be the deemed proper by the Chairman, their below mentioned securities admitted to the list of non-cleared securities traded on the Exchange and dealing therein should be done in trading lots showing against them:

1. Modern Coats Ltd. Equity – 50 Shares Modern Coats Ltd. Preference – 5 Shares Modern Coats Ltd. 7 ¾ % Debentures Rs.1,000/- 2 Simon Carves Ltd. Equity – 50 Shares 3 International Combustion India Ltd. Equity – 50 Shares 4 Modella Steel & Alloys Ltd. Equity – 50 Shares 5 Perfect Circle Victor Ltd. Equity – 50 Shares 6 Drilco Metal carbide Ltd. Equity – 50 Shares 7 Sinner Bidi Udyog Ltd. Equity – 50 Shares 8 Coastal Papers Ltd. Equity – 50 Shares Coastal Papers Ltd. Preference – 5 Shares 9 Veneers & Laminations India Ltd. Equity – 50 Shares 10 Lakshmi Automatic Loom Works Ltd. Equity – 50 Shares 11 Rexroth Maneklal Industries Ltd. Equity – 50 Shares 12 Meckanon Meckenzy & Co. Ltd. Equity – 50 Shares 13 Sunrise Investment Trading Ltd. Equity – 50 Shares 14 Digital Electronics Ltd. Equity – 50 Shares 15 DSP Financial Consultants Ltd. Equity – 50 Shares 16 Polymer Papers Ltd. Equity - 50 Shares 17 Keltron Components Complex Ltd. Equity – 50 Shares Keltron Components Complex Ltd. Preference – 5 Shares 18 Meena Air Products Ltd. Equity – 50 Shares Meena Air Products Ltd. Preference – 5 Shares 19 Nirlon Synthetic Fibers and Chemical Ltd. Equity – 50 Shares 20 Kasturi Papers, Foods and Chemical Ltd. Equity – 50 Shares 21 Andhra Pradesh Steel Ltd. Equity – 50 Shares Andhra Pradesh Steel Ltd. Preference – 5 Shares 22 Maharashtra Electricity Board 6 ¼ % 1985 – Bonds Maharashtra Electricity Board 6 ¼ % 1985 Bonds (II) 23 The Industrial Credit and Investment 6 ¼ % 1991 Debenture Corporation of India Ltd. 24 Kirloskar Cummins Ltd. 11 % preference 50 Shares 25 Alfred Herberts India Ltd. New Equity – 50 Shares

Sd/- Sd/- A. J. Shah Jayant Amerchand Secretary President

Date: 20-7-76 Tuesday, 20-7-76

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Champaklal Seth Phiroze J. Jeejeebhoy Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth A. R. Mahadevia Seth Rasiklal Maneklal Seth Hiralal Girdharlal Seth Laladas Jamnadas Seth Babubhai Maganlal Gandhi Seth Vasantlal Kantilal Shah Seth Jayantilal Rangildas Khandwala Seth J. R. Motishaw Seth Chhotalal Devchand Parekh Seth Vasantlal Jivatlal Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya Shri S.C. Bafna Shri S.L. Shetty

The following business was transacted in the meeting:

1. The application for help dated 25-6-76 of Indian Red Cross Society was considered and it was resolved to give it help of Rs. 101/- from the Association Fund. 2. The applications of the undermentioned persons of our office staff for giving them assistance for the expensed incurred by them for medical treatment during their sickness were considered and it was resolved to give them assistance from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund of the amounts shown against their respective names: Shri K.J. Joshi Rs. 600/- Sepoy Gopinath Govind Rs.300/- 3. The application dated 1-7-76 of our Accountant Shri A.B. Desai was read and as he has left his job with us the sum of Rs. 12,002.53p accumulated in his Provident Fund account and the gratuity of Rs.7235/- have been paid to him. This was noted and approved. 4. The application dated 28-6-76 of our former Sepoy Namdev Bhikaji was considered and it was resolved that as he has left our services, the amount accumulated in his Provident Fund as welll as his Gratuity of Rs.5846.25 p should be paid over to him. 5. The application dated 26-5-76 of our pensioner Shri K.B. Daruwala requesting for increasing his pension was considered and it was resolved to give him help of Rs.750/- from the Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 6. Resolved that Rs.4,00,000/- be paid to the Stock Exchange Foundation from the Stock Exchange Education and Research Services on condition that half of it i.e. Rs. 2,00,000/- will be considered as corpus.

7. The letter dated 6-7-76 of Bai Sushila Ashwarlal Nanavati and S/Shri Vinod Ishwarlal Nanavati, Girish Nanavati and B.K. Kapadia was considered and it was resolved that Shri Bipin K. Kapadia should be given permission to continue the business of M/s Ishwarlal T. Nanavati for three months. 8. The letter dated 3-7-76 of S/Shri Indravadan Ranchhoddas Shah and Niranjan Ranchhoddas Shah was considered and it was resolved to give permission to Shri Indravadan Ranchhoddas Shah to continue the business of M/s Ranchhoddas Sheshkaran for 3 months. 9. The applications for the undermentioned partnerships were considered and approved: Name of the Name of Partners Date of Partnership firm Partnership M/s Hiralal Thakordas Shri Kanchanlal Hiralal Nanavati 1-4-76 Nanavati Shri Pravinchandra Hiralal Nanavati Shri Niranjan Kanchanlal Nanavati M/s Prabhudas Shri Prabhudas Lilladher 8-6-76 Lilladher Shri Arun Prabhudas Shri Dhiren Prabhudas M/s Harjivandas Shri Prasann Pranjivandas Broker 20-5-76 Nemidas & Sons Shri Bharat Pranjivandas Broker Shri Jayant Pranjivandas Broker M/s Bhagwatiprasad Shri Bhagwatiprasad Rungta 19-5-76 Rungta Shri Harikishandas Rungta M/s Ishwarlal T. Shri Ishwarlal T. Nanavati 20-5-76 Nanavati Shri Vinod Ishwarlal Nanavati Shri Bipin Kantilal Kapadia

10. The letter dated 1-6-76 of M/s Sankalchand Damodardas and Shri Jamnadas Tulsidas were read and it was resolved to confirm the permission given to Shri Jamnadas Tulsidas to do business as a Representative Member of M/s Sankalchand Damodardas. 11. The application dated 7-5-76 of Shri Sabavala Haji Mohamed Merchant nominating Shri Mahendra Navinchandra Kampani as a member of the Exchange in his own place was considered and after interviewing Shri Mahendra Navinchandra Kampani and his recommenders S/Shri Prabhudas Lilladher and Nagindas Chhaganlal it was resolved by 16 votes in favour and none against to elect Shri Mahendra Navinchandra Kampani as a member of the Exchange in the place of Shri Sabavala Haji Mohamed Merchant subject to the Rules and Bye-laws of the Exchange. 12. The application dated 25-6-76 of Shri Shriram Vasumal Bhavmani nominating Shri Naresh Jetsi as a member of the Exchange in his own place was considered and after interviewing Shri Naresh Jetsi and his recommenders S/Shri Ramanlal D. Shah and Shantilal Kantilal it was resolved by 15 votes in favour and 1 against to elect Shri Naresh Jetsi as a member of the Exchange in the place of Shri Shriram Vasumal Bhavmani subject to the Rules and Bye- laws of the Exchange on the condition that within one month he should separate from the partnership of Jenico Grinning and Pressing Factory and should not do business in the market in hiw own name for two years and even thereafter without obtaining the permission of the Governing Board. 13. The additional reports of Sir Shapurji Broacha Brokers Helping Fund dated 7-5- 76 and 8-7-76 were read and it was resolved to approve these reports. 14. The letter dated 5-7-76 of Shri M.R. Bilimoria was considered and it was resolved that as Friday 27-8-76 was the Parsi New Year Holiday, our market should be kept entirely closed for all work on that day. 15. The letter dated 27-5-76 of the Bangalore Stock Exchange was read and it was resolved that the views expressed by us in the last meeting of the Stock Exchange Presidents’ Committee about the relaxation in the implementation of Rule 19(2) (b) of the Securities Contracts (Regulation) Rules, 1957 continue unchanged. 16. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, as may be deemed proper by the Chairman their below mentioned securities should be admitted to our list of Non-Cleared securities traded on the Exchange and dealings in those securities should be done in the trading lots mentioned against them: EID Perry (India) Ltd. Equity 50 shares EID Perry (India) Ltd. Preference 50 shares Nagarjuna Steels Ltd. Equity 50 shares Nagarjuna Steels Ltd. Preference 5 shares Mohan Ortman & Herbst Equity 50 shares C.K. Automatic Products Ltd. Equity 50 shares National Machinery Manufacturers Ltd. Preference 5 shares Madhya Pradesh Audyogik Vikas Nigam 61/4% Bonds 1980 Rs.1000/- Ltd. City and Industrial Development 10.25% Debentures 1988 Corporation of Maharashtra Ltd.

17. The listing application of Nagpal Stainless Steel was considered when it was brought to the notice of the Board that the Offer for Sale had failed to disclose the arrangement made by the Company with its Debenture holders and approved by the High Court, regarding its liabilities of Rs. 33,20,220/-. As this important matter had not been included in the Offer for Sale besides becoming misguiding it signified the dire financial condition of the Company. Because of this, the shares of the Company become ineligible for listing, it was unanimously resolved to disapprove the listing application of the Company. 18. As the Preference shares of Khandelwal Udyog Ltd., had been redeemed it was unanimously resolved to strike off those shares from our list of securities traded on the Exchange. 19. As EID Perry Ltd., has been merged with EID Perry (India) Ltd., it was unanimously resolved to remove the shares of EID Perry Ltd., from our list of securities traded on the Exchange. 20. The letter dated 29-7-76 of the Aluminium Corporation of India Ltd., was read and it was unanimously resolved that as the Company does not want to continue listing of its shares, its shares should be removed from our list of shares traded on the Exchange. 21. The letters dated 15-1-76 and 5-6-76 of Meena Steels Ltd., were read out and it was resolved to postpone the matter. 22. Unanimously resolved that as the undermentioned companies have not yet paid the Annual Listing Fee for the year 1976 though repeatedly demanded, their securities should be removed from our list of securities traded on the Exchange if they do not pay-up the fee before 31-8-76: 1. Afson Industrial Corporation Ltd. 2. Brunton & Co., Engineers Ltd. 3. Bhopal Toughened Glass Works Ltd. 4. Bright Wires Ltd. 5. C. Prabhudas & Co. Ltd. 6. Depro Foods Ltd. 7. Dharwar Electrical Industries Ltd. 8. Euro-coat (India) Ltd 9. Julou Fabrics Ltd. 10. Keshav Vanaspati Ltd. 11. Karnatak Steel & Wire Products Ltd. 12. New Board Manufacturing Co.Ltd. 13. Northern India Gas Co.Ltd. 14. Ogle Glass Works Ltd. 15. Polysteels (India) Ltd. 16. Pradeshiya Industrial Investment Corporation of U.P. Ltd. 17. Rathi Ispat Ltd. 18. Rathi Udyog Ltd. 19. Rathi Chemicals Ltd. 20. Son Valley Portland Cement Co. Ltd. 21. S.I.F. Steels Ltd. 22. Sakthi Pipes Ltd. 23. Shama Engine Valves Ltd. 24. Shah Construction Co.Ltd. 25. Saraiya Steels Ltd. 26. Tenfort Tyres Ltd. 27. Western India Spg. & Mfg. Co. Ltd. 28. Indequip Engineering Co. Ltd. 23 Resolved to issue a notice as under: “ In continuation of Notices Nos: 1880/71 and 699/72 dated 6-11-71 and 26- 4-72 respectively all the members are hereby informed that the Governing Board has resolved that the hand delivery transactions, except those entered into with a special condition, which will be required to be settled on the 14th day of Friday or Saturday, will be regarded as Special Delivery transactions or as transactions whose date of settlement has been extended. Such transactions will have to be settled alongwith other outstanding hand delivery transactions on such a day as may be notified. Moreover, the hand delivery transactions entered into on the abovementioned Friday and Saturday and thereafter on any working day upto the following Thursday which fall due for settlement on the 14th day, except those entered into with a special condition will if necessary for any reason including the facility of Clearing House Settlement work will be regarded as special delivery transactions or as transactions whose date of settlement has been extended. Such transactions will have to be settled alongwith other outstanding hand delivery transactions and in the manner as explained above. The delivery and payment of the shares will have to be done on the Settlement day as stated in the abovementioned notices. If any party fails to do so, that party will be liable for the buying in or selling out auctions of such shares and the loss arising because of that” 24. Resolved that a notice be issued as under: “All the members are hereby informed that in respect of hand delivery system of settlement the procedure of sellers ticket has been in existence for a long time and that of Buyers ticket for many years. In that connection, notices have been issued from time to time. As informed by those notices, transactions entered into during a fortnight but remaining unsettled during the next 14 days, the parties have to take out auction notices at the end of the following fortnightly settlement and the intermediate parties have to close the transactions by making / receiving paying of difference at the delivery Rates . For Systematic implementation for the above mentioned practice of Seller Ticket and Buyers Ticket, the procedure of a joint Seller Ticket - Cum- Buyers Ticket in accordance with our Rules and Regulations and the above mentioned notices, has been introduced on a trial basis from the beginning of the current year, for settlement of Hand Delivery transaction which are not being settled through the Clearing House. The features of these procedure are as follows: The Governing Board has resolved that until advised by a further notice the procedure will continue to the followed, subject to alterations. (2) In respect of the shares settled outside the Clearing House the members will have to prepare a share wise list of the transactions entered into by them up to a date when will be notified from time to time, after removing objections such list (in Frm No. 1-2 B) should contain full details of the transactions like party’s name, number of shares, price, etc. but the information regarding such outstanding transactions which have already been included in the previous statement shall be given only about the total purchase or sale.

(3) A member who has a purchase position in any kind of shares according to the above mentioned Form No. 1-2 B. can issue Buyers Tickets for all such shares or of as many shares out of that as he wants to take delivery Similarly a member can issue Sellers Tickets for the Shares he wants to delivery. Instead of circulating such Buyers / Sellers Tickets party to party, members will fill up in the Debenture form 6-7-B the number of shares he wants to take /give delivery. Such forms shall have to be submitted by the members on the date notified to them. (4) On consolidation of the aforesaid Forms No. 6-7 B if any kind of shares delivery of shares being is given and delivery of shares is also being taken, than the two sides of the transactions will be matched against each other and the parties will be given the delivery orders. In the first place, the parties who have to give and take delivery of the same kind of shares, will be given delivery orders against themselves after adjusting their sales and purchasers of the those shares if, on consideration of Forms No. 6-7 b, the number of shares being delivered (taken)is lager then the shares being taken (Delivered), the excess number of shares after adjustment of both sides , will be adjusted against the old outstanding sale (purchase) of the members who want to give (take) delivery of such shares against their own old outstanding sales (Purchase). Delivery orders for the balance of shares will thereafter be given to others who have outstanding old sales (Purchase) and they will have compulsorily to take (give) delivery of such shares, If delivery is not taken (Given) accordingly, they will be auctioned after taking out the necessary auction applications. Further of information regarding giving / taking delivery of the shares is not given in time, such shares will become liable to be compulsorily auctioned as started in para above. (5) Delivery of shares according to the above mentioned delivery orders will have to be made by the parties on a date notified in that respect and payment will have to be made at the price mentioned in the Delivery orders. All the transactions shown in form 1-2 B which is submitted before the Delivery orders are prepared as above should be adjusted at the price mentioned in the Delivery Orders and payment will have to be made accordingly. A settlement of the payment to be made or gives for the shares at the delivery price and of the differences to be paid between the parties shall have to be prepared and for the money to be part or received accordingly, pay slip or Receive Slip will be prepared. The aforesaid Pay Slip or Receive Slip will have to be submitted to the Clearing House together with the cheque or demand draft on the date that may be notified. (6) The programme outlined above will continue regularly and transactions will continue to be settled by giving / taking delivery and auction so long as any transaction is not settled as above, the original parties between whom any such transaction has taken place will be responsible to each other. If any such party becomes a defaulter the other original parties who have done such transition with the defaulter will be responsible for such transactions and the loss arising in respect thereof proportionately. (7) The above mentioned procedure will continue to remain in force until another notice is put up informing otherwise. In the meantime if necessary required changes will made therein.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

18-10-76 Monday, 18-10-76

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Navinchandra Chhaganlal Kampani Seth Phiroze J. Jeejeebhoy Seth Hiralal Girdharlal Seth Jasvantlal Chhotalal Seth Jayantilal Rangildas Khandwala Seth Vasantlal Kantilal Shah Seth Chhotalal Devchand Parekh Seth J. R. Motishaw Seth Vasantlal Jivatlal Seth Vasantlal Champaklal Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya Shri S.C. Bafna

The following business was transacted in the meeting:

1. Resolved that the Board is grieved to take note of the sad demise of a Trading Member of our Association and a Member of the Governing Board Shri Babubhai Maganlal Gandhi and expresses its sense of sorrow in that behalf. This Board also expressed deep sense of sympathy and grief to the family members of the deceased and request the President to send a copy of this Resolution to them by way of consolation. 2. The application for help dated 8-9-76 of the Edulji Framji Allbless Leprosy Home, Trombay was considered and it was resolved to give it help of Rs. 101/- from the Association Fund. 3. The application dated 11-10-76 of Shri Bedipara Hariyan Yuval Mandal was read and it was resolved that we cannot give any help to it. 4. The application for help dated 22-9-76 of Shri Achratlal Harjivandas Shah was considered and it was resolved to give him help of Rs.500/- from the Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 5. The applications of the undermentioned members of our office staff for giving them help for the expenses incurred by them for medical treatment of their wife during their sickness were considered and it was resolved to give them assistance for that of the amounts shown against their names from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund: Shri H.A. Patni Rs.600/- Shri Vijay Narayan Hera Rs.600/- 6. The application dated 14-8-76 of our Sepoy Vilas Gyandev to give him help for the College fee etc of Rs.207/- for the First year Arts paid by him as he has joined a college was considered and it was resolved to give him help of Rs.207/- from Shri M.C.Mehta Smarak Fund. 7. The application dated 23-8-76 of Shri S.M. Davda of our office for loan was considered and it was resolved to give him a loan of Rs. 2000/-. 8. The letter dated 5-8-76 of Smt. Bhanuben natverlal Desai and Kumari Sandhya Natverlal Desai was considered and it was resolved to give permission to Shri Govindbhai Jivanlal Desai to continue the business of the late Shri Natverlal J. Desai for three months. 9. The letter dated 11-8-76 of S/Shri Bharat Babubhai Gandhi, Deepak Babubhai Gandhi and Narendra Babubhai Gandhi and Ms. Maya Babubhai Gandhi was considered and it was resolved to give permission to Shri Bharat Babubhai Gandhi to continue the business of the late Shri Babubhai Maganlal Gandhi for three months 10. The letter dated 12-10-76 of S/Shri Indravadan Ranchhoddas Shah and Niranjan Ranchhoddas Shah was considered and it was resolved to give permission to Shri Indravadan Ranchhoddas Shah to continue the business of M/s Ranchhoddas Sheshkaran for two more months. 11. The letters of the undermentioned members were considered and it was resolved to give permission for doing business as Representative Member as mentioned below: Nominating Member Representative Member Shri A.C. Sheth Shri Mangaldas Lalji Kampani Shri Sunderdas Kalyanij Kankal Shri Naresh Jetsi Shri Brijmohan Sagarmal Shri Nandkishore Ramchandra Agarwal 12. The application dated 7-9-76 of Shri Mohanlal Sakerchand nominating Shri Shantichand Balubhai Jhaveri as a member of the Exchange in his own place was considered and after interviewing Shri Shantichand Balubhai Jhaveri and his recommenders S/Shri S.J. Palejwala and Sumatilal Jamnalal it was resolved by 10 votes in favour and none against to elect Shri Shantichand Balubhai Jhaveri as a member of the Exchange in the place of Shri Mohanlal Sakerchand, subject to the Rules and Bye-laws of the Exchange. At this point of time Shri Vasantlal Jivatlal came and joined the meeting. 13 The application dated 29-7-76 the near relatives of the late Shri Ranchhoddas Sheshkaran nominating Shri Indravadan Ranchhoddas as a member of the Exchange in the place of late Shri Ranchhoddas Sheshkaran was considered and after interviewing Shri Indravadan Ranchhoddas and his recommenders S/Shri Ramanlal D. Shah and Jayantilal Dungarshi Shah it was resolved by 11 votes in favour and none against to elect Shri Indravadan Ranchhoddas Shah as a member of the Exchange in the place of late Shri Ranchhoddas Sheshkaran , subject to the Rules and Bye-laws of the Exchange. 14 The application of Shri Motilal Govinddas Mohta nominating Shri Mathuradas Govinddas Mohta as a member of the Exchange in his own place was considered and after interviewing Shri Mathuradas Govindas Mohta and his recommenders S/Shri R. R. Mohta and Shivkishan Damani it was resolved by eleven votes in favour and none against to elect Shri Mathuradas Govinddas Mohta as member of the Exchange in the place of Shri Motilal Govinddas Mohta, subject to the Rules and Bye-laws of the Exchange. 15 As Shri Himatlal V. Gandhi has been declared to be insolvent, he has been declared as a defaulter by the Chairman, this was notified by the Board. 16 The under mentioned securities have been redeemed it was unanimously resolved to strike them off our list of securities traded on the Exchange. Rolta Industries ltd. 6% Bearer Debentures Shri Digvijay Cement Co. Ltd. 7.75 % Debentures Jay Shree Chemicals Ltd. 7.5% Convertible Debentures (1972/76) The Tata Hydro Electric Power Co. 7 % A (1975) Second Debentures Ltd. The Tata Power Co. Ltd. 7 % (A) 1975) Fifth Debentures Modi Industries Ltd. First Services Debentures Sundatta Foods & Fibres Ltd. 8% cumulative Participating Pref. Shares

17 As the Indian Iron & Steel Co. Ltd., has been nationalised the matter regarding removal of its shares from our list of securities traded in the Exchange was considered and it was resolved to continue the shares in our list of securities traded on the Exchange for the time being. 18 As Meena Steel Limited has not paid the Annual Listing fee for the year 1976 it was unanimously resolved to strike off it shares from our list of securities traded on the Exchange. 19 As Jubilee Mills Ltd. has been amalgamated with Swan Mills Ltd., it was unanimously resolved to strike the shares of Jubilee Mills Ltd., off our list if securities traded on the Exchange. 20 As Dena Bank Ltd., has been amalgamated with Siram Products Ltd., it was unanimously resolved to strike off its shares from our list of securities traded on the Exchange. 21 As regards the correspondence until 4-10-76, received from Nagpal Stainless Steels Ltd., it was resolved to postpone the matter to the next meeting. 22 As under mentioned companies have paid up the Annual Listing Fee for the year 1975, it was unanimously resolved to re-admit their shares to our list of securities traded on the Exchange. 1. Eurocote (India) Ltd. 2. Shah Construction Co. Ltd. 3. New Board Manufacturing Co Ltd. 4. Depro Foods Ltd. 23. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and the special requirements stipulated by us their securities mentioned below should be included in our list of Non-Cleared Securities and dealings in those securities should be made in the trading lots shown against them: Greaves Lombardini Ltd. Equity 50 shares Greaves Lombardini Ltd. Preference 5 shares Basant Paper Mills Ltd. Equity 50 shares Basant Paper Mills Ltd. Preference 5 shares Vanjinad Leathers Ltd. Equity 50 shares Damodar Bulk Carriers Ltd. Equity 50 shares Transformers & Electricals Kerala Ltd. Equity 50 shares Coromandal Agro Products and Oils Ltd. Equity 50 shares Preference 5 shares Indian Fibre Blank Ltd. Equity 50 shares Indian Fibre Blank Ltd. Preference 5 shares Stormal India Ltd. Equity 50 shares Union Paper Mills Ltd. Equity 50 shares Union Paper Mills Ltd. Preference 5 shares Universal Paper Mills Ltd. Equity 50 shares Universal Paper Mills Ltd. Preference 5 shares The State Industrial and Investment Corporation 61/4% -Rs.1000/- Bond of Maharashtra Ltd. 1986. The Industrial and Investment Corporation of 61/4% (1992) – Rs.5000/- India Ltd. debentures Mafatlal Industries Ltd. New Equity – 1 share The Surat Electricity Co.Ltd. 10.5% convertible debentures. – 5 debentures. 24. Resolved that needful should be done for making the necessary arrangements for giving security to Banks as may be approved by them for loan/ cash credit given by them and in respect of the loans / cash credit taken from them before now or to be taken hereafter. 25. Resolved that as Thursday 21-10-76 is the Dhan Teras Holiday our market should be kept entirely closed for all business on that day.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

9-11-76 Tuesday, 7-12-76

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present: Seth Jayant Amerchand Seth J. R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Navinchandra chhaganlal Kampani Seth Mathradas Samaldas Seth A. R. Mahadevia Seth Jaswantlal Chhotalal Seth Jayantilal Rangiladas Khandwala Seth Rasiklal Maneklal Seth Chhotalal Devchand Parekh Seth Vasantlal Kantilal Shah Seth Vasantlal Jivatlal

Government Nominees

Shri M.R. Mayya Shri S.C. Bafna

The following business was transacted in the meeting: 1 The President informed the Board that Shri Bafna was soon to go to New Delhi to occupy the high post of Director of Inspection in the Company Law Board. He congratulated Shri S. C. Bafna on behalf of the Board and himself and wished him success. He also thanked Shri Bafna for the support and co-operation given by him to the Board and expressed hope that in future he will continue to give his co-operation to the Board. Shri Bafna thanked the Board for its kind sentiments.

2 The application dated 02-10-76 of the Maharashtra State Anti tuberculoses Association for help was considered and it was resolved to give it help of Rs.101/-

3 The application dated 7-8-76 of Masina Hospital for group it help was considered and it was resolved that it cannot be given any help.

4 The applications for the under mentioned persons of our office staff asking for loans were considered and it was resolved to give each of them loan of the amount shown against his name below:

Shri G. N. Kunder Rs.3,000/- Bhatt Mothalal Bhuralal Rs.2,500/- Sweeper Bhagwandas Tillu Rs.700/-

5 The letter dated 26-10-76 of S/Shri Gunwantlal Karsandas Dalal and Sanat Motilal Dalal was read and noted that Shri Sanat Motilal Dalal had separated from the firm of M/s. Dalal Sons with effect from 2-10-76 6 The application relating ot the under mentioned partnerships were considered and approved

Name of the Partnership Name of the Partners Date of partnership M/s. Balubhai Shri Balubhai Tribhuvandas Parekh 24-10-76 Tribhuvandas Prekh Shri Manharlal Tribhuvandas Parekh Shri Dilip Manharlal Parekh M/s. Shantichand Shri Shantichand Balubhai Jhaveri 22-10-76 Balubhai Javeri Shri Haresh Shantichand Jhaveri M/s Ranchoddas Shri Indravadan Ranchoddas Shah 23-10-76 Seshkaran Shri Niranjan Ranchoddas Shah

7 The letter dated 7-12-76 of Shri Sevantilal Chimanlal and M/s. Trikamlal Maganlal was read and it was resolved to give permission to M/s. Trikamlal Maganlal to do business as a representative member of Shri Sevantilal Chimanlal.

8 The application dated 11-11-76 of the near relatives of the late Shri Homi M. P. Bharucha nominating Shri Jayant Thakorbhai Shroff as a member of the Exchange in the place of the late Shri Homi M. P. Bhrucha was considered and after interviewing Shri Jayant Thakorbhai Shroff and his recommenders S/Shri Bhagubhai A. Gandhi and Prasanna Pranjivandas Broker it was resolved by 11 votes in favour and none against to elect Shri Jayant Thakorbhai Shoff as a member of the Exchange in the place of late Shri Homi M. P. Bharucha, subject to the Rules Bye-laws of the Exchange.

9 The application dated 16-11-76 of the legal representations of the late Shri Rameshwar Balchand Khaitan, nominating Shri Puthukae Sethu Narayan Swami as a member of the Exchange in the place of late Shri Rameshwar Balchand Khaitan was considered and after interviewing Shri Puthukae Sethu Narayan Swami and his recommenders S/Shri P. R. Subramanyam and Noshir N. Saher it was resolved by 11 votes in favour and none against to elect Shri PethuKade Sethu Narayan Swami as a member of the Exchange in the place of late Shri Rameshwar Balchand Khaitan, subject to the Rules Bye-laws of the Exchange.

10 Resolved that in addition to sum of Rs.4,00,000/- paid from the Stock Exchange Education and Research Services Fund to the Stock Exchange Educations, which has been required under section 35 (1) (2) of the Income Tax Act, according to the resolution dated 20-7-76, further sum of Rs.3,50,00/- be paid to the Stock Exchange Foundations from the Stock Exchange Education and Research Services Fund it was to be treated as a corpus.

11 Resolved to give approval to the Chairman’s letter of hypothecation dated 2-1- 75 creating hypothecation of the computer equipment with ancillaries and a flouting charges on the moveable assets of the Exchange by way of securities given by the Chairman, as per the powers delegated by the Board to the Chairman, with 7 days notice short deposit placed by the Stock Exchange Foundation with the Association from time to time, subject to the condition of the first charge of the Stock Exchange 8 % Debenture holders and the Bank of India.

12 The Annual Report, Income and Expenditure Accounts and the Balance Sheet of our Association for the year 1975 were approved.

13 The Association holidays for the year 1977 were decided.

14 Resolved that a notice as under should be issued “All the members of the Exchange are hereby informed that the Governing Board has resolved that the members of the Exchange or their employees should not do any business by meeting together in a crowd at any place when the market is closed. Also they should not gather together in a crowd even if no transactions are done. if anybody is found gathering in crowd at any place outside the business hours, he will be penalised with a fine in spite of that anybody is found doing it again in violation of this notice, he will be suspended or his badge will be cancelled.”

15 Resolved that as the Indian Iron & Steel Co. Ltd. has been nationalise, its shares should be stick off our list of securities traded on the Exchange, with effect from 1-1-77.

16 As the under mentioned securities have been or are being redeemed unanimously resolved that those securities should be removed from our list of securities traded on the Exchange.

Larson & Toubro Ltd. 7 % Debentures 1974-76 The Thana Electric Supply Co. Ltd. 6 ½ % Debenture Shares The Anand Electric Supply Co. Ltd. 6 % Debenture Shares The Nadiad Electric Supply Co. Ltd. 6 % Debenture Shares

17 The papers relating to the listing application of Nagpal sterilise Steel Ltd were read and it was resolved to postpone the matter for further consideration in the next meeting.

18 The listing application of the under mentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and such other special requirements as may be the stipulated by us, as may be deemed prefer by the Chairman their below mentioned securities should be included in our list of non- cleared securities, traded on the Exchange and dealing therein should be made in the trading lots mentioned against them:

Karnatak Oxygen Ltd. Equity – 50 Shares Karnatak Scooters Ltd. Equity – 50 Shares Karnatak Scooters Ltd. Preference – 50 Shares Govind Poy Oxygen Ltd. Equity – 50 Shares Sudarshan Chemical Industries Ltd. Equity – 50 Shares Mehnalaya Phyto Chemicals Ltd. Equity – 50 Shares Megnalaya Phyto Chemicals Ltd. Preference – 5 Shares Springs India Ltd. Equity – 50 Shares Springs India Ltd. Preference – 5 shares Carbon Corporation Ltd. Equity – 50 Shares Sahney Pares Phone Ltd. Equity – 50 Shares Sahney Pares Phone Ltd. Preference – 5 Shares Melcast India Ltd. Equity – 50 Shares

19 Resolved that hereafter cum-dividend transactions in the Shares of the companies whose transfer books are closed on 1-1-77 or subsequently or if the transfer books are not closed the Record date is fixed as of 1-1-77 or thereafter, for the purpose of payment of dividend, and such cum-dividend transactions are solved after such closure of the transfer Books or the Record date, payment of dividend between the parties should be made on the basis of gross dividend instead of net dividend.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

25-1-77 Tuesday, 25-01-77

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal Shah Seth Phiroze J. Jeejeebhoy Seth J. R. Motishaw Seth Mathradas Samaldas Seth Vasantlal Champaklal Seth Jaswantlal Chhotalal Seth Navinchandra chhaganlal Kampani Seth Rasiklal Maneklal Seth Jayantilal Rangiladas Khandwala Seth Laldas Jamnadas Seth Chhotalal Devchand Parekh Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya Shri M.C. Bhatt

The following business was transacted in the meeting:

1 The President mentioned that Shri M.C. Bhatt was to retire from his present post soon and thanked him on behalf of the Board and himself for the valuable guidance, suggestions, support and co-operation given during his tenure on the Board. He also wished him long healthy life and prosperity. Shri M.C.Bhatt thanked the Board for its good wishes and kind sentiments and also wished well for the Stock Exchange. 2 The applications for help of the undermentioned institutions were considered and it was resolved to give help of Rs.101/- to each of them: The Bombay Dumb and Deaf Institution All India Deaf and Dumb Society. 3 The application dated 21-1-77 of our sepoy Vilas Gyandev to give him help of the College fee for the second term of First year Arts was considered and it was resolved to give him assistance of Rs.213/- from Shri M.C.Mehta Smarak Fund. 4 The applications of the undermentioned persons of our office staff to give them loans were considered and it was resolved to give them loans of the amounts shown against their respective names: Shri H.A. Patni Rs.1000/- Liftman Sitaram Vithal Rs.1100/- Sweeper Hariram Jivram Rs.1000/- 5 The application dated 25-11-76 of our retired Havaldas Shankar Rastogi was considered and it was resolved to give him a pension of Rs. 25/- per month and to pay the gratuity of Rs.10,465.50p. 6 The applications for the under mentioned partnerships were considered and it was resolved to approve them: Name of the Partnership Name of the Partners Date of partnership

M/s S. Ramdas Shri Suresh Bhavanrao 10-12-76 Sherali Shri Sanjay Suresh Sirali M/s Jamnadas Morarjee Shri Navinchandra 24-10-76 & Co. Chhaganlal Kampani Shri Mahendra Kampani Shri Navinchandra Kampani Shri Hemantkumar Navinchandra Kampani M/s S. Parbhoodas & Shri Mathradas Samaldas 24-10-76 Co. Shri Hemendra M. Kothari Shri Yogesh M. Kothari

7 The letter dated 3-12-76 of S/Shri Bharat Babubhai Gandhi, Deepak Babubhai Gandhi and Narendra Babubhai Gandhi and Miss Maya babubhai Gandhi was read and it was resolved to give permission to Shri Bharat Babubhai Gandhi to continue the business of the late Shri Babubhai Maganlal Gandhi for two more months. 8 The application dated 12-3-76 of the near relatives of the late Shri Narverlal Motilal Vyas nominating Shri Pravin Natvarlal Vyas as a member of the Exchange in the place of late Shri Narverlal Motilal Vyas was considered and after interviewing Shri Pravin Natverlal Vyas and his recommenders S/Shri Govindbhai B. Desai and Rasikalal Manilal Shah it was resolved by 12 votes in favour and none against to elect Shri Pravin Natvarlal Vyas as a member of the Exchange in the place of late Shri Narverlal Motilal Vyas, subject to the Rules Bye-laws of the Exchange. 9 The letter dated 27-12-76 of Shri Sureshchandra Nandlal to refund to him the additional membership security deposit given by him was considered and it was resolved to consider the matter after the forthcoming Budget of the Bharat Government is presented. 10 The letters of the undermentioned companies were considered and it was unanimously resolved that as they do not want their securities to continue in the list of securities traded on our Exchange, they should be removed from our list of securities traded on the Exchange: 1. Universal Steel & Alloys Ltd. 2. Kaveri Sugars and Chemicals Ltd. 11 The letter dated 9-12-76 of Multi Steels (India) Ltd., was considered and it was unanimously resolved that as that company has been amalgamated with Poddar Projects Ltd., its shares should be removed from our list of securities traded on the Exchange. 12 The letter dated 12-1-77 of Maharashtra State Textile Corporation was considered and it was unanimously resolved that it has taken over administration of Pulgan Cotton Mills Ltd., in its hands and does not wish to continuer its shares to be traded on the Exchange. Its shares should be removed from our list of securities traded on the Exchange. 13 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us as may be deemed proper by the Chairman, their securities mentioned against their names should be included in our list of Non- Cleared Securities and traded in the lots noted against them: Bell Graphic Recording Charts Ltd. Equity 50 shares Kabini Papers Ltd. Equity 50 shares Punjab Scooters Ltd. Equity 50 shares Punjab United Pesticides and Chemicals Ltd. Equity 50 shares Citurgia Bio Chemicals Ltd. Equity 50 shares The Britania Biscuit Co.Ltd. Equity 100 shares The Britania Biscuit Co.Ltd. 8% Preference -100 shares The Britania Biscuit Co.Ltd. 73/4% Debentures – Rs.1000/-

14 The letter of Nagpal Stainless Steels Ltd., relating to its listing applications were considered and the matter was postponed for further consideration.

Sd/- Sd/- A.J. Shah Jayant Amerchand Secretary President

24-3-77 Monday, 14-3-77

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Jayant Amerchand, wherein the undermentioned members of the Board were present:

Seth Jayant Amerchand Seth Vasantlal Kantilal Shah Seth Phiroze J. Jeejeebhoy Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth A.R. Mahadevia Seth Jaswantlal Chhotalal Seth Jayantilal Rangiladas Khandwala Seth Rasiklal Maneklal Seth Vasantlal Champaklal Seth Laldas Jamnadas Seth Purshottam Gopiram Ruiya

Government Nominees Shri M.R. Mayya Shri R.N. Bansal Shri S.L. Shetty

The following business was transacted in the meeting:

1 Shri L.R. Munjal was present in today’s meeting by special invitation. The President welcomed him and also Shri R.N. Bansal who has been appointed as a Government Nominee in the place of Shri S.C. Bafna and introduced them to the members of the Board. 2 Resolved to appoint S/Shri Jayantilal Mansukhlal Champaklal Babubhai Marfatia and Nagindas Trambaklal as Scrutineers for scrutinising the ballot papers relating to the election of the Governing Board for the year 1977-78 and declare its result. 3 The application dated 15-1-76 of our liftsman Padmasinh to give him help in respect of the expenses of Rs.405.52p incurred by him for medical treatment during his sickness was considered and it was resolved to give him assistance of Rs.250/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 4 The applications for loans of the undermentioned persons of our office staff were considered and it was resolved to give them loans as shown below: Shri Nariman Dubash Rs. 3000/- Sepoy Shantaram Narayan Rs.2000/- Shri ABS Nair Rs. 1100/- Liftman Jitsing Padmasinh Rs.2000/- Sepoy Balkrishna S. Shinde Rs.800/- Watchman S.K. Lal Rs.1000/- 5 Resolved to give permission for doing business as Representative Member as under: Nominating Member Representative Member M/s Sankalchand Damodardas M/s Ranchhoddas Motiram Choksey & Co. M/s R.G. Mohta Shri Mathuradas Mohta

6 The application dated 25-11-76 of the near relatives of the late Shri Babubhai Maganglal Gandhi nominating Shri Bharatkumar Babubhai Gandhi as a member of the Exchange in the place of late Shri Babubhai Maganglal Gandhi was considered and after interviewing Shri Bharatkumar Babubhai Gandhi and his recommenders S/Shri Sevantilal Chimanlal and Jayant Mangaldas it was resolved by 11 votes in favour and none against to elect Shri Bharatkumar Babubhai Gandhi as a member of the Exchange in the place of late Shri Babubhai Maganglal Gandhi, subject to the Rules Bye-laws of the Exchange. 7 As the 25000 9.5% Preference Share of J.K. Synthetics are to be redeemed on and from 31-3-77 unanimously resolved to remove these shares from our list of securities quoted on the Exchange. 8 As Bhartiya Electric Steel Co. Ltd., does not want its shares to continue to be listed on the Exchange it was unanimously resolved to remove its shares from the list of securities quoted on our Exchange. 9 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us as may be deemed proper by the Chairman, their below mentioned securities should be included in our list of Non-Cleared Securities and trading in those securities should be done in the trading lots mentioned against them: Reckit and Colman of India Ltd. Equity 50 shares Oriental Carbon Ltd. Equity 50 shares Facit Asia Ltd. Equity 5 shares Ion Exchange (India) Ltd. Equity 50 shares Century Tubes Ltd. Equity 50 shares Century Tubes Ltd. Preference 5 shares Monotype India Ltd. Equity 50 shares Detergents India Ltd. Equity 50 shares Godavri Plywoods Ltd. Equity 50 shares Godavri Plywoods Ltd. Preference 5 shares Track Parts of India Ltd. Equity 50 shares Himachal Wool Processors Ltd. Equity 50 shares Mercantile Credit Corporation Ltd. Equity 50 shares Mercantile Credit Corporation Ltd. Preference 50 shares S&S Bushings Ltd. Equity 50 shares 10 The letters dated 21-1-77 and 7-2-77 of Champaklal Investments and Financial Consultancy Ltd., regarding grant of recognition to Industrial Credit and Development Syndicate as an approved underwrites as well as the information sent by them about that organisation were considered and it was resolved to approve Industrial Credit and Development Syndicate as Underwriters. 11. The letters dated 28-1-77 and 31-1-77 of Champaklal Investments and Financial Consultants Ltd., and its Annual Report for the year 1974-75 were read and it was resolved to approve it as underwriters on the condition at no time their underwriting liability should exceed Rs. 5 lakhs. 12. The President thanked the members of the Governing Board and the Government Nominees for the support and co-operation given by them during the year.

Sd/- Sd/- A.J. Shah J.R. Motishaw Secretary President

18-4-77 Thursday, 28-4-77

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm. under the Chairmanship of Seth J. R. Motishaw and thereafter under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Vasantlal Champaklal Seth Phiroze J. Jeejeebhoy Seth Jayantilal Rangiladas Khandwala Seth Vasantlal Champaklal Seth Vasantlal Jivatlal Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Laldas Jamnadas Seth Chhotalal Devchand Seth Jayant Amerchand Seth Ashokkumar Girdharlal Fozdar Seth Rasiklal Maneklal Seth Purshottam Gopiram Ruiya Seth J. R. Motishaw Seth Haryantlal Norandas Sonawala

Government Nominees Shri J. P. Mukharji Shri M.R. Mayya Shri R.N. Bansal Shri H.L. Shetty (Alternate)

The following business was transacted in the meeting:

1 Proposed by Seth Laldas Jamnadas and supported by Seth Purshottam Gopiram Ruiya, Seth J. R. Motishaw was unanimously elected as Chairman of today’s meeting.

2 Proposed by Seth J. R. Motishaw and supported by Shri Jayant Amerchand, Seth Mathradas Samaldas was unanimously elected as the President.

Seth J. R. Motishaw handed over the Chairmanship of the meeting to Seth Mathradas Samaldas and Shri Laldas Jamnadas congratulated Shri Mathradas Samaldas on behalf of all the Board members and himself.

Seth Mathrads took over the Chiarmanship of the meeting. He thanked Seth Jayant Amerchand for having served as President nearly for three years in difficult time. Paying tribute to the invaluable services rendered by late Shri K.R.P. Shroff for a long period as President, he said that he will follow the fine traditions established by him and will go on drawing guidance and inspiration there form. The president also made mentioned of the appointment of Shri J. P. Mukharji Director (Investment), Finance Ministry, as Government Nominee on our Board in the place of Shri M. C. Bhatia and welcomed him, He introduced Shri J. P. Mukharji to the various members of the Board and expressed hope that the Board will get full support and co-operation from him as well as valuable guidance. The President also congratulated S/shri Ashokkumar Girdharlal Fozdar and Haryantlal Norandas Sonawala for being elected to the Board and welcomed.

3 Proposed by Seth Jayant Amerchand and supported by Shri Ashokkumar Girdharlal Fozdar it was unanimously resolved to elect Shri Vasantlal Champaklal Mashruwala as Vice President.

4 Proposed by Shri Rasiklal Maneklal and supported by Shri Chhotalal Devchand, Shri Navinchandra Chhaganlal Kampani was elected as the Hon. Treasurer.

5 Resolved that the undermentioned members are appointed as members of the Arbtration Committee for the year 1977-78

Shri. Keki N. Chinoy Shri Nagindas Trambaklal Parekh

Shri Jayantilal K. Dalal Shri V. K. Nanavati

Shri Champaklal Babulal Marfatia Shri Jayendra D. Mehta

Shri L. N. Kapadia Shri Rasiklal S. jhaveri

Shri D. U. Shukla Shri Govindbhai G. Desai

Shri Hariram Dwarkadas Shri Jitendra Champaklal Mashruwala

Shri Bhagubhai Amritlal Gandhi Shri Ramdas Lallubhai

Shri S. M. Shah Shri Shirish Chimanlal Dave

6 Reolved that the under mentioned members are appointed as members of the Defaulters Committee for the Year 1977-78

Shri Jayant Amerchand Shri Jayantilal Harjivanlal Dalal

Shri Vasantlal Kantilal Shah Shri Rasiklal S. Jhaveeri

Shri Jasvantlal Chhotalal Shri Nagindas Trambaklal Parekh

7 Resolved to appoint Sir Shaporjee Brocha Brokers Helping Fund Committee consisting of S/Shri J. R. Motishaw, Mathradas Samaldas, Vasantlal Champaklal and Dhirajlal Maganlal

8 “Resolved that cheques be signed by the President, Shri Mathradas Samaldas, or the Chairman, Shri P. J. Jeejeebhoy, or the Vice President, Shri Vasantlal Champaklal, or the Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani and any one of the following six Members of the Governing Board, namely, Shri J. R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasant Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah and in his absence by Shri S. N. Karaka or Shri M. D. vyas.”

9 Resolved that the various Accounts and Safe Custady Accounts of the Exchange with Bank of India be operated on jointly by the President, Shri Mathradas Samaldas, or the Chairman, Shri P. J. jeejeebhoy, or Vice President, Shri Vasantlal Champaklal, or Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani, and by any one of the following six Members of the Governing Board, namely, Shri Shri J. R. Motishaw, Shri. Rasiklal Maneklal, Shri, Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal ant Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah and in his absence by Shri S. N. Karaka or Shri M. D. Vyas

10 “Resolved that the Current Accounts and Safe Custody Accounts with Bank of India in the name of the Stock Exchange staff Provident Fund and the Stock Exchange Staff Gratuity Fund be operated on either by two of the Trustees of the Exchange for the time being or the survivor or surviors of them or jointly by the Hon. Treasurer, Shri Navinchandra Chhagnlal Kampani and any one of the following six Members of the Governing Board, namely Shri J. R. motishaw, Shri Rasiklal maneklal, Shri Jayant Amerchand, Shari Vasant Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah and in his absence by Shri S. N. Karaka or Shri M. D. Vyas

11 The Application dated 31-1-77 of the All India Federation of the Deaf for help was considered and it was resolved to give a donation of Rs.10/- to it.

12 The letter dated 11-4-77 of our pensioner Shri Maganlal Jivabhai Desai was considered and it was resolved that he should be give the help by Rs.50/- p.m. for one year from 1-5-77 from Seth KRP Shroff Stock Exchange Sarvajanik Fund.

13 The applications for loans of the under mentioned members of our office Staff were considered and it was resolved to give them loans of the amount shown against name for each of them.

Shri C. N. Sanghavi Rs.1,000/-

Shri H. A.Sahukar Rs.1,000/- Sepoy Dattaram Govind Rs.2,000/-

14 The letter dated 15-4-77 of S/Shri Devidas Jamnadas and Padmakant Devidas was read and it was noted that Shri Padmakant Devidas had separated from the firm of M/s. Devidas Jamnadas and Shri Devidas Jamnadas had continued to do business as the proprietor of the firm of M/s. Devidas Jamnadas with effect from 14-04-77

15 The letter dated 30-7-77 and 28-3-77 of Shri B. D. Shroff and Shri Jawahir Jagirdar respectively were read and it was resolved to give permission to Shri Jawahir Jagirdar to do business as Representative Member of Shri B.D. Shroff.

16 The application dated 12-4-77 of the near relative of late Shri Babulal Jivraj Maniar nominating Shri Pravinchandra Babulal Maniar as a member of the Exchange in the place of late Shri Babulal Jivraj maniar was considered and after interviewing Shri Pravinchandra Babulal Maniar and his recommenders S/Shri Hasmukha Lalunhai and Sumatilal Jamnalal it was resolved by 15 votes in favour and none against to elect Shri Pravinchandra Babulal Maniar as a member of the Exchange in the place of late Shri Babulal Jivraj Maniar, subject to the Rules and Regulations of the Exchange.

17 The Chairman expressed the present position regarding construction of our new building. As there was likelihood of getting permission for resumption of its constructions in short time, he spoke about making arrangement for raising the necessary funds and collecting the materials. In that connection Board took note of the recommendations made the Allotment Committee on 22-2-77. The consent given by the Trustees earlier by their letter dated 7-12-76 the permission given by the Maharashtra State Government by their letter dated 29-3-77 for resumption of the construction work of our new building and the No-objection Certificate dated 28-4-77 given by the Controller of accommodation.

18 Resolved that as our 8% Debentures have almost been fully subscribed, the condition for trading the Fixed Deposits placed with us as subscription for the Debentures should be deleted. That besides whatever Fixed Deposits, loans and funds have been collected previously at higher or lower interest for longer or shorter periods or on any other terms without the above mentioned conditions should be approved and we should continue to do so.

19 Resolved that we should negotiate and do the needful for obtaining more funds from the Bank of India and Central Bank of India in respect of the loans taken from them.

20 The listing application of the under mentioned companies were considered and it was unanimously resolved that, subject to the Listing rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us, as considered proper by the Chairman, their below mentioned Securities should be included in our list of non-cleared securities traded on the Exchange and dealing in their securities should be made in the trading lots shown against them:

Andra Pradesh Tanneries Ltd. Equity - 50 Shares K. G. Khoshla Compressors Ltd. Equity – 50 Shares Reed Relays and Electronic India Ltd. Equity – 50 Shares Reed Relays and Electronic India Ltd Preference – 50 Shares Triton Valves Ltd. Equity – 50 Shares Triton Valves Ltd Preference – 5 Shares International conveyors Ltd. Equity – 50 Shares Wimco Ltd. New Equity – 50 Shares The Industrial Credit and 6 ¼ % Debentures 1993 – Investments Corporation of India Ltd. Rs.5,000/-

21 As Khandelwal Udyog had been amalgamated with Aenie Manufacturing Co. Ltd., it was unanimously resolved to de-list the shares of Khandelwal Udyog.

Sd/- Sd/-

A.J. Shah Vasantlal Champaklal Secretary President

8-7-77 Friday, 8-7-77

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Vasantlal Champaklal wherein the undermentioned members of the Board were present:

Seth Vasantlal Champaklal Mashruwala Seth Jaswantlal Chhotalal Seth Phiroze J. Jeejeebhoy Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Kantilal Shah Seth Chhotalal Devchand Parekh Seth Laldas Jamnadas Seth Ashokkumar G. Fozdar Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth J.R. Motishaw Seth Haryantlal Narandas Sonawala

Government Nominees Shri J.P. Mukherjee Shri R.N. Bansal Shri S.L. Shetty

The following business was transacted in the meeting:

1 Shri A.V. Ganeshan – Joint Secretary, Government of India, Finance Ministry was present by invitation. The President welcomed him and introduced him to the members of the Board. 2 The application dated 30-5-77 of the Poona School and Home for the Blind was considered and it was resolved to give it a donation of Rs.101/-. 3 The applications for loans of the undermentioned persons of our office staff were considered and it was resolved to give them loans of the amounts mentioned against their names below: Shri P.P. Dube Rs. 9000/- Sepoy Vilas Gyandev Rs.1500/- Shri K. Shivraman Rs. 1500/- Sepoy Balkrishna Yashwant Rs.1000/- Shri K. Ambyakshan Rs.1000/- Hamal Dhonde Sampat Rs.1000/- 4 The letters dated 31-5-77 and 29-6-77 of Shri S.H. Davda were read and it was resolved to accept his resignation from 1-7-77 and to pay him the amount of Rs.8275.16 accumulated in his Provident Fund and Rs. 4672.50 as Gratuity. 5 The letter dated 2-7-77 of Shri Sureshchandra Nandlal shah was considered and it was resolved to refund to him the additional membership security of Rs.30,000/- given by him. 6 The application for partnership dated 28-4-77 of S/Shri Himatlal Fulchand and Prakash Himatlal Shah was considered and it was resolved to approve their partnership in the firm name of M/s Himatlal Fulchand with effect from 1-5-77. 7 The letters of the undermentioned were considered and it was resolved to give them permission to do business as a Representative Member as shown below: Nominating Member Representative Member M/s N.M. Parekh Shri Jayantilal Nanalal Jariwala Shri Hasmukh Lalbhai Shri Pravinchandra Babubhai Maniar M/s Kantilal Chhaganlal M/s Ranchhodas Motiram Choksey & Co.

8 The application dated 1-3-77 of our retired Havaldar Shankar Rutnoji was considered and it was resolved to give him pension. 9 Resolved to give sanction to the sale of securities from the investments of Sir Shapoorji Broacha Brokers Helping Fund as shown below: 1 350 9% Preference shares of Tata Locomotive and 17-3-76 Engineering Co.Ltd. 2 300 91/4% ‘A’ Preference shares of Andhra Valley Power 24-3-76 Supply Co. Ltd. 3 460 9.3% ‘B’ Preference shares of Hindustan 24-3-76 Aluminium Co.Ltd. 4 Rs. 2,64,000/- 73/4% Debentures 1978-80 of Tata 24-3-76 Power Co.Ltd. 5 Rs. 25,000/- 73/4% Debentures 1977-78 of Hindustan 24-3-76 Lever Ltd. 6 Rs. 22,000/- 71/2% Debentures 1977of the Tata 31-5-76 Engineering Locomotive Co. Ltd. 7 125 shares of Standard Mills Co.Ltd. 26-11-76

It was further resolved to approve placing of the F.D. of Rs.4,00,000/- at 8% per annum with the Stock Exchange. 10 It was resolved to confirm the sale of 31/4% 1947/77 loan of Rs. 77,500/- of Bombay Municipal Corporation on 15-3-76. 11 Resolved that the amount of Rs. 46,011.37 to be received by us and the amount of Rs. 36,444.90 to be paid by us to various parties should be written off in our Income & Expenditure Account for the year 1976 as the claims in respect thereof have become time barred. The details of the undermentioned two amounts are as under: The Amounts due to us: 1. Relating to advertisements. 1 Assam Silimanite Ltd. Rs. 3,300/- 2 M.T.A. Liniate Rs. 600/- 3 Allcoal Ashdown & Co. Ltd. Rs. 2,500/- 4 Structural Engineering Works Ltd. Rs. 7,500/- 5 Richardson & Crudas Ltd. Rs.12,000/- 6 Dindayal Tube Industries Ltd. Rs.15,000/- Rs.40,900/-

2. Stamp charges to be recovered from members Rs.2325/- 3. Old books of Rules & Bye-laws Rs.2,786.37 Rs. 46,011.37

The amounts to be paid by us: 1 Shri A.J. Javeri Rs. 100/- 2 The Eastern Engineering Rs. 200/- 3 Gomo Kali Ltd. Rs. 13,258/- 4 Various small items Rs.2344.28p 5 Investment Publications Rs. 542.71 6 JBM World Trade Corporation Rs. 20,000/- Total Rs.36,444.99

12. The Report, Income and Expenditure Account and the Balance Sheet of our Association for the year 1976 were passed. 13 The Application dated 8-6-77 of Shri Vinodrai Ranchhodas Fozdar nominating Shri Mahesh Jayantilal Patel as a member of the Exchange in his own place was considered and after interviewing Shri Mahesh Jayantilal Patel and his recommenders S/Shri Sumatilal Jamnalal and Ramesh Jayantilal Patel it was resolved by 11 votes in favour and none against to elect Shri Mahesh Jayantilal Patel as as a member of the Exchange in the place of Shri Vinodrai Ranchoddas Fozdar, subject to the Rules and Bye-laws of the Exchange. 14 The application dated 28-5-77 of the near relatives of the late Shri Kantilal Maganlal Dalal nominating Shri Rajendra Kantilal Dalal as a member of the Exchange in the place of late Shri Kantilal Maganlal Dalal was considered and after interviewing Shri Rajendra Kantilal Dalal and his recommenders S/Shri Dhirajlal Maganlal Dalal and Ishvarlal Maganlal Dalal it was resolved by 11 votes in favour and none against to elect Shri Rajendra Kantilal Dalal as a member of the Exchange in the place of late Shri Kantilal Maganlal Dalal , subject to the Rules and Bye-laws of the Exchange on condition that he will get separated from Dalal Enterprises or and any other business he might be engaged in at the time, he wants to start doing business in the market in his own name. 15 The application dated 29-4-77 of Shri Hariprasad Shambhuprasad Mahadevia nominating his own place Shri krishnachandra Laxmichand Shah as a member of the Exchange was considered and after interviewing Shri Krishnachandra Laxmichand Shah and his recommenders S/Shri Vrijalal Lallubhai and B. F. Jhaveri it was resolved by 11 votes in favour and none against to elect Shri Krishnachandra Laxmichand Shah as a member of the Exchange in the place of Shri Hariprasad Shambhuprasad Mahadevia, subject to the Rules and Bye-laws of the Exchange. 16 Resolved that as the Equity Shares of Rs. 100 each of Chowgule Steamships Ltd. have been sub-divided into shares of Rs.10/- each, the trading lots of the equity shares of Chowgule Steamships Ltd. should be changed to 50 equity shares of Rs.10/- each. 17 The listing applications of the under mentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with usual requirements and such other special requirements stipulated by us as may be deemed proper by Chairman, the securities of the companies mentioned below should be included in our list of Non- cleared Securities and dealings therein should be done in the trading lots specified against them.

The Titaghar Paper Mills Co. Ltd. ‘A’ Ordinary – 100 Shares The Titaghar Paper Mills Co. Ltd. ‘B’ Ordinary – 100 Shares The Titaghar Paper Mills Co. Ltd. Preferred Ordinary -100 Shares The Titaghar Paper Mills Co. Ltd. 8% Preference – 5 Shares The Titaghar Paper Mills Co. Ltd. 4 ½ Preference – 5 Shares Rane (Madras) Ltd. Equity – 100 Shares Rane (Madras) Ltd. A Class 7 % Preference – 100 Shares Rane (Madras) Ltd. 6% Preference – 100 Shares Coats of India Equity – 50 Shares Tata Finlay Ltd. Equity – 50 Shares Carbonates (India) Ltd. Equity – 50 Shares Carbonates (India) Ltd. Preference – 5 Shares Panchkula Mart Ltd. Equity – 50 Shares Sivalic Cellulose Ltd. Equity – 50 Shares Dolfin Hotels Ltd. Equity – 50 Shares Dolfin Hotels Ltd. Preference – 5 Shares Madhya Pradesh Vidyut Yatra Ltd. Equity – 50 Shares Gujarat Reclaim and Rubber Products Equity – 50 Shares Ltd. Banswara Syntex Ltd. Equity – 50 Shares Peoples Investments Ltd. Equity – 50 Shares Cadbury India Ltd. Equity – 50 Shares ABS Plastics Ltd. Equity – 50 Shares Dufar Inerfran Ltd. Equity – 50 Shares Jokai India Ltd. Equity – 50 Shares Best & Crompton Engineering Ltd. Equity – 50 Shares Mulle & Phipps India Ltd. Non-Equity – 50 Shares Industrial Finance Corporation of 6 % Bonds 1987 India Ltd.

18 As the Preference Shares of the Indian Link Chain Manufactures Ltd. have been redeemed it was unanimously resolved to remove those shares from our list of securities traded on the Exchange. 19 The letter dated 12-5-77 and 13-5-77 of Northern India Hotels were read and it was unanimously resolved to remove its shares from our list of Securities traded on the Exchange.

Sd/- Sd/- A.J. Shah Mathradas Samaldas Secretary President

20-9-77 Tuesday 20-9-77

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Mathradas Samaldas wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Jasvantlal Chhotalal Seth Phiroze J. Jeejeebhoy Seth Jayantilal R. Khandwala Seth Vasantlal Champaklal Mashruwala Seth Navinchandra Chhaganlal Kampani Seth Jayant Amerchand Seth A.R. Mahadevia Seth Rasiklal Maneklal Seth Chhotalal Devchand Seth J.R. Motishaw Seth Purshottam Gopiram Ruiya Seth Hariyantlal Narandas Sonawala

Government Nominees Shri M.R. Mayya Shri R.N. Bansal

The following business was transacted in the meeting:

1 The application dated 8-7-77 of Indian Red Cross Society for help was considered and it was resolved to give it a donation of Rs.101/-. 2 The application dated 17-9-77 of our typist Shri B.L. Desai for giving them assistance towards the expenses incurred by him for medical treatment during his illness was considered and it was resolved to give him assistance of Rs.698.45 from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 3 The application dated 1-9-77 of our pensioner Shri K.B. Daruwala requesting for an increase in his pension was considered and it was resolved to give him help of Rs.750/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund. 4 The application dated 24-8-77 of our sepoy Vilas Gyandev for giving him assistance of the College fee for the First Term of Inter Arts was considered and it was resolved to give him assistance of Rs.177/- from Shri M.C. Mehta Smarak Fund. 5 The application of our office staff dated 6-7-77 stating that the Provident Fund organisation has decided to pay interest @ 8% per annum on the accumulated amount of Provident Fund and therefore taking that into account the interest on Provident Fund should be paid at 8% p.a. instead of 6% which is being paid by us was considered and it was resolved that from the year 1977 we should pay interest @ 8% per annum of the accumulated amount of the Staff Provident Fund. 6 The letter dated 31-8-77 of Shri Ramesh Jayantilal Patel and Mahesh Jayantilal Patel was considered and it was noted that Shri Mahesh Jayantilal Patel had ceased to be a partner in the firm of M/s Jayantilal N. Patel with effect from 26-8-77 and from that date Shri Ramesh Jayantilal Patel had continued to do business as the sole proprietor of the firm of M/s Jayantilal N. Patel. 7 The application dated 9-9-77 of S/Shri Sumatilal Jamnalal, Niranjan Jamnalal, Yogesh Sumatilal and Paresh Sumatilal was read and it was noted that Shri Niranjan Jamnalal had separated from the firm of M/s Sumatilal Jamnalal with effect from 13-8-77. 8 The letter dated 5-9-77 of Smt. Ratti Merwanji Mehta was read and it was resolved to give permission to Shri Jamnadas Kanji Venza to continue the business of the late Shri Merwanji N. Mehta for one month. 9 Resolved that Shri Kirtilal K. Shah should be appointed as a member of the Arbitration Committee in the vacancy caused by the demise of Shri L.N. Kapadia. 10 The President informed the board about the cash credit Hypothecation Facility

being enjoyed by the Exchange with Central Bank of India, Bombay Main Office, against hypothecation of the stocks of Iron &Steel Materials of the Exchange lying with Engineering Construction Corp. Ltd. and / or with Gandhi & Co. and / or lying at the construction site of our New Building and / or or lying anywhere also subject to such margin and rate of interest as may be fix by the Bank from time to time. The President further informed the Board that under the Cash Credit amount with Central Bank of India, Bombay Main Office, there was due and owing to the Bank as on 17.9.7977 the debit balance of Rs.26,69,929.33 in the Stock Exchange A/c No. J. 133 which was inclusive of interest at the rate of 16% upto 31.08.1977. The President further informed the Board that Central Bank of India had been kind enough to increase Cash Credit hypothecation limit from Rs.25 Lacs to Rs.55 Lacs against hypothecation of stocks as mentioned above. The Board thereafter discussed this request and the following resolutions ware thereafter adopted and passed; 1. Resolved that the Exchange do hereby confirm that the debit balance as on 17.9.1977 inclusive of interest upto 31.08.1977 in the Stock Exchange Cash Credit hypothecation Account No. J. 133 with Central Bank of India, Bombay Main Office is Rs.26,69,929.33 2. Resolved that the hypothecation of the stock of Iron & Steel Materials of the Exchange lying with Engineering Construction Corp. Ltd. and / or with Gandhi & Co. and / or lying at the construction site of our New Building and / or lying anywhere also shall continue to secure the aforesaid outstanding and any other outstanding in future in the Stock Exchange C/C accounts with Central Bank of India, Bombay Main Office or any other offices of the Bank. 3. Resolved that Mr. Mathradas Samaldas, the President of the Exchange, Mr. J. R. Motishaw, Member, Gov, Board and Mr. A. J. Shah, Secretary of the Exchange be and are hereby authorised to execute Demand Promissory Note for Rs. 35 Lacs and all the necessary documents that may be required by Central Bank of India for securing the aforesaid outstandings as also for further outstandings from time to time in C/C Account with Central Bank of India, Bombay Main Office or any other offices of Bank, and the seal of the Exchange be affixed on the said documents in accordance with the Rules, bye-laws % Regulation of the Exchange 4. Further resolved that the Exchange do hereby confirm to Central Bank of India that the Stock Exchange has no borrowings against above stocks by any of hypothecation from any other Bank or from any other Financial Institution or from any other person or persons or from any other firm or Company. 5. Further resolved that the Exchange do hereby declare and ensure the said Bank that these borrowing including the above mentioned Cash Credit facility are within the borrowing powers of the Governing Board under the Rules, Bye-laws & Regulations of the Exchange. 6. Resolved that the certified copy of the aforesaid resolution be furnished to Central Bank of India, Bombay main office, under the signature of Mr. Mathradas Samaldas, Chairmen of the meeting. 11 In connection with negotiations going on with the Central Bank of India for obtaining the facility of further Funds, it was resolved as under 1. Resolved that in respect of the cash credit arrangement with Central Bank of India for Rs.35 Lakhs against hypothecation of Iron and Steel Material it be arranged with the Bank to release the said hypothecated material and to grant to the Exchange additional cash credit facilities to the extent of Rs.20 Lakhs, i.e., to the extent of Rs.55 Lakhs in the aggregate and the Exchange do agree to create in respect thereof a mortgage of the immovable property of the Exchange situated at the junction of Dalal Street, Apollo Stree and Hamam Street, Bombay, in favour of the Bank ranking pari passu with any other charge thereon to the extent of a further sum of Rs.20 lakhs, i.e., to the extent of Rs.75 lakhs in the aggregate, subject however to the prior charge of the holders of the 8% Debenture stock, 1981 – 86 and further subject to the right of the Exchange to demolish the temporary structures and the 4th and 5th floor of the Apollo Street Building and the right to lease premises in the new building under construction for a period upto 20 years and do execute all agreements, deeds, documents and writing as may be required by the Bank for the purposes aforesaid. 2. Further resolved that all necessary documents as may be required by the Bank including an irrevocable Power of attorney authorising the Bank to execute behalf of the Exchange a mortgage as aforesaid be executed on behalf of the Exchange by the President or Vice-President, a Member of the Governing Board and the Secretary and seal of the Exchange be affixed thereon. 12 The application dated 23-7-77 of Shri Ramshankar Popatlal Pandya nominating Shri Edul Dhanjisha Sodawaterwala as a member of the Exchange in his own place was considered and after interviewing Shri Edul Dhanjisha Sodawaterwala and his recommenders S/Shri Bhupendra Champaklal and Keki D. Mehta it was resolved by 13 votes in favour and none against to elect Shri Edul Dhanjisha Sodawaterwala as a member of the Exchange in the place of Shri Ramshankar Popatlal Pandya subject to the Rules and Regulations of the Exchange. 13 The application dated 8-8-77 of the near relatives of the late Shri Jayantilal Jamnalal Shah nominating Shri Pradip Jayantilal Shah as a member of the Exchange in the place of late Shri Jayantilal Jamnalal Shah was considered and after interviewing Shri Pradip Jayantilal Shah and his recommenders S/Shri Jayant C. Shah and Rameshchandra Trikamlal it was resolved by 13 votes in favour and none against to elect Shri Pradip Jayantilal Shah as a member of the Exchange in the place of late Shri Jayantilal Jamnalal Shah subject to the Rules and Bye-laws of the Exchange on the condition that he should not do business in his own name for two years and that when he wasn’t to stat doing business in his own name, he should separate himself from the firm of M/s Indus Corporation and also from any other business he may be doing at that time. 14 The application dated 25-8-77 of Shri Vallabhdas Dayal nominating Shri Shantilal Dulabhdas Patel as a member of the Exchange in his own place was considered and after interviewing Shri Shantilal Dulabhdas Patel and his recommenders S/Shri Rasiklal Manilal Shah and G.R. Pandya it was resolved by 13 votes in favour and none against to elect Shri Shantilal Dulabhdas Patel as a member of the Exchange in the place of Shri Vallabhdas Dayal, subject to the Rules and Regulations of the Exchange. 15 The application dated 12-8-77 of Shri Kapurchand Harjivandas Vora nominating nominating Shri Devakikrishna Rajaram Keni as a member of the Exchange in his own place was considered and after interviewing Shri Devakikrishna Rajaram Keni and his recommenders S/Shri Manharlal Shantilal and Jitendra Champaklal it was resolved by 13 votes in favour and none against to elect Shri Devakikrishna Rajaram Keni as a member of the Exchange in the place of Shri Kapurchand Harjivandas Vora, subject to the Rules and Regulations of the Exchange and on the condition that he should not do business in the market in his own name for two years. 16 The application dated 19-8-77 of the near relatives of the late Shri Ishwarlal Thakordas Nanavati nominating Shri Vinod Ishwarlal Nanavati as a member of the Exchange in the place of late Shri Ishwarlal Thakordas Nanavati was considered and after interviewing Shri Vinod Ishwarlal Nanavati and his recommenders S/Shri Bipin K. Kapadia and Jitendra Harjivandas it was resolved by 13 votes in favour and none against to elect Shri Vinod Ishwarlal Nanavati as a member of the Exchange in the place of late Shri Ishwarlal Thakordas Nanavati subject to the Rules and Regulations of the Exchange. 17 As regards the matter relating to the application dated 1-9-77 of the near relatives of the late Shri Amritlal Vasanji Shah nominating Shri Ramji Bechardas Thakkar as a member of the Exchange in the palce of the late Shri Amritlal Vasnji Shah the letter dated 20-9-77 of Shri Ramji Bechardas Thakkar withdrawing this application for membership of the Exchange was read and noted. 18 The additional reports dated 24-8-77 and 19-9-77 of Sir Shaporji Broacha Brokers Helping Fund Committee were read and approved. 19 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us as may be deemed proper by the Chairman, their below mentioned securities should be included in our list of Non-Cleared Securities and trading in those securities should be done in the trading lots mentioned against them: Mahindra Spider Ltd. Equity 50 shares Dairy Ashmore India Ltd. Equity 50 shares Dairy Ashmore India Ltd. Preference 5 shares Enar Foundaries Ltd. Equity 50 shares Modern Syntex (India) Ltd. Equity 50 shares Ingersoll Rand (India) Ltd. Equity 50 shares Aurangabad Paper Mills Ltd. Equity 50 shares Shree Vindhya Paper Mills Ltd. Equity 50 shares M.P. Agro Morarjee Fertilisers Ltd. Equity 50 shares Bhadrachandra Paper Boards Ltd. Equity 50 shares Bhadrachandra Paper Boards Ltd. Preference 5 shares K.S.B. Pumps Ltd. Equity 50 shares Delta Paper Mills Ltd. Equity 50 shares Himachal Worsested Mills Ltd. Equity 50 shares Indian Duplicator Co. Ltd. Equity 50 shares Hindustan Machine Tools Ltd. 10.5% Debentures 1 debenture Madhya Pradesh Audyogik Vikas Nigam Ltd. 10.5% Bonds 1987.

20 As the undermentioned companies have been taken into liquidation it was unanimously resolved to remove their securities from our list of securities traded on the Exchange: Telly Sound (India) Ltd. Chamunda Chemicals & Fertilisers Ltd. 21 As the undermentioned securities have been redeemed it was unanimously resolved to remove them from our list of securities traded on the Exchange: Tata Locomotives & Engineering Co.Ltd. old 9% ‘A’ Preference Cumulative Shares. The Indian Hume Pipes Co. Ltd. 7% (1977) Debentures. 22 Unanimously resolved that as the undermentioned securities have not yet paid the Annual Listing Fees for the year 1977 though repeatedly demanded their securities should be removed from the list of securities traded on the Exchange if they don’t pay up the aforesaid fee before 1-11-77: 1. Andhra Steel Corporation Ltd. 2. Ajay Electrical Industries Ltd. 3. Bengal Ferro-Alloys Ltd. 4. Bright Wire Ltd. 5. Depeco Foods Ltd. 6. Enamelled Wires Ltd. 7. Gujarat Investments Trust Ltd. 8. Gangappa Cables Ltd. 9. Haryana Electrosteel Ltd. 10. Hicks Theremometers Ltd. 11. Hyderabad Vanaspati Ltd. 12. Indiaequip Engineering Ltd. 13. Jesons Electronics Ltd. 14. Kulkarni Foundaries Ltd. 15. The Kerala Rubber and Reelams Ltd. 16. Mohan Steels Ltd. 17. Malanda Ceramics & Industries Ltd. 18. Rainbow Steels Ltd. 19. Shree Mohan Ispat Ltd. 20. Southern Steel Ltd. 21. Surindra Stain Malt Ltd. 22. Spun Pipe and Construction Co. of India Ltd. 23. Superior Air Products Ltd. 24. Saraya Steel Ltd. 25. Telly Sound (India) Ltd. 26. Universal Wires Ltd. 27. Yeast Alco Enzymes Ltd.

Sd/- Sd/- A.J. Shah Mathradas Samaldas Secretary President

1-11-77 1-11-77

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Mathradas Samaldas wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth J.R. Motishaw Seth Phiroze J. Jeejeebhoy Seth Jasvantlal Chhotalal Seth Vasantlal Champaklal Seth Navinchandra Chhaganlal Kampani Seth Laldas Jamnadas Seth Chhotalal Devchand Seth Jayant Amerchand Seth Ashokkumar Girdharlal Fozdar Seth Rasiklal Maneklal Seth A.R. Mahadevia Seth Purshottam Gopiram Ruiya

Government Nominees Seth J.P. Mukherjee Shri M.R. Mayya Shri R.N. Bansal

The following business was transacted in the meeting:

1 Resolved that on Thursday 10-11-77 our market will remain open for doing Muhurat business of Vikram Samvat 2034 from 6.30pm to 7.30 pm instead of the usual ST. 12.00 to 2 pm. 2 The application dated 20-9-77 of The Allbless Edulji Framji Leprosy Home, Trombay for help was considered and it was resolved to give it a donation of Rs.101/-. 3 The application dated 20-10-77 of our office sepoy Govind Mahadev Khatale for loan was considered and it was resolved to give him a loan of Rs.2000/-. 4 The application dated 20-10-77 of our office sepoy Raghunath Keshavji to give him assistance towards the expenses incurred by him of Rs.272.65 for the medical treatment of his wife during her illness was considered and it was resolved to give him assistance of Rs.125/- from KRP Shroff Stock Exchange Sarvajanik Fund. 5 The letter dated 13-10-77 of Shri Nareshkumar Jetsi asking for permission to do business in the market in his own name was considered and it was resolved that the request cannot be acceded to. 6 The letters dated 30-9-77 of S/Shri Manharlal Shantilal and Devakikrishna Rajaram Keni was read and it was resolved to confirm the permission given to Shri Devakikrishna Rajaram Keni to do business in the market as a Representative Member of Shri Manharlal Shantilal. 7 The President referred to the Board Resolution dated 19.8.1975 and reported that Bank of India (hereinafter referred to as “the Bank”) had at the request of the Stock Exchange agreed to continue to grant to the Stock Exchange demand loan facilities upto a limit of Rs.17,50,000/- on terms, conditions and security mentioned below: Limit : Rs.17,50,000/- Term : Demand – Without prejudice to the demand nature of the loan, it is to be repaid by annual instalments of Rs.3.50 lakhs each commencing from 26-7-77. Rate of Interest: 61/4% over bank rate minimum 151/4% per annum with quarterly interest. Security: 1. Demand Promissory Note by the Stock Exchange, Bombay in favour of the Bank and endorsed by them jointly and each severally in favour of the Bank; 2. Continuing security agreement; 3. Letter of Lien & Set-off; 4. Hypothecation of electronic computer and other accessories thereof, alongwith a supplemental deed of hypothecation.

The President requested the Governing Board to pass the necessary resolutions for continuance of the loan facility to confirm the debit balance in the account, the documents executed and the security created in favour of the Bank, in terms of the Form L.444C sent by the Bank. IT WAS RESOLVED AS FOLLOWS: 1. THAT the Stock Exchange do continue to borrow from the Bank from time to time by way of loan facility on terms as aforesaid and repayable on demand upto a limit of Rs.17,50,000/- with interest 61/4% over Bank Rate minimum 151/4% per annum with quarterly rests or such other terms and at such other rate/s of interest, as may be notified by the Bank to the Stock Exchange from time to time. 2. THAT the Stock Exchange do confirm and acknowledge the debit balance in the account, the documents executed and the security created in favour of the Bank, in terms of Form L.444C sent by the Bank and that in token of such confirmation and acknowledgement the common seal of the Stock Exchange be affixed to the said Form L.444C in presence of and the same may be signed on behalf of the Stock Exchange by Mr. Mathradas Samaldas, President, Mr. Jivanchand R. Motishaw, Member, Governing Board and countersigned by Mr. Amritlal J.Shah, Secretary of The Stock Exchange. 3. THAT the said loan account be operated upon and instructions concerning the same may be given by and any acknowledgements or confirmations of debit and/or security which may be required by the Bank may be given on behalf of the Stock Exchange as heretofore. 4. AND THAT a copy of the foregoing resolutions certified to be a true copy by the Chairman be furnished to the Bank.

8 The application dated 14-10-77 of the near relatives of the late Shri Chhaganlal Nagardas nominating Shri Ramanlal Chhaganlal Dalal as a member of the Exchange in the place of late Shri Chhaganlal Nagardas was considered and after interviewing Shri Ramanlal Chhaganlal Dalal and his recommenders S/Shri Ramdas Lallubhai and Jitendra Champaklal Dalal it was resolved by 14 votes in favour and none against to elect Shri Ramanlal Chhaganlal Dalal as a member of the Exchange in the place of late Shri Chhaganlal Nagardas subject to the Rules Bye-laws of the Exchange. 9 The application dated 14-10-77 of the near relatives of the late Shri Jamnalal Manruplal Koradia nominating Shri Niranjan Jamnalal Koradia as a member of the Exchange in the place of late Shri Jamnalal Manruplal Koradia was considered and after interviewing Shri Niranjan Jamnalal Koradia and his recommenders S/Shri P.R. Shah and Manubhai Maneklal it was resolved by 14 votes in favour and none against to elect Shri Niranjam Jamnalal Koradia as a member of the Exchange in the place of late Shri Jamnalal Manruplal Koradia subject to the Rules Bye-laws of the Exchange. 10 The application dated 26-9-77 of the near relatives of the late Shri Champaklal Chimanlal Sadagar nominating Shri Ajaykumar Ramanlal Vakharia as a member of the Exchange in the place of late Shri Champaklal Chimanlal Sadagar was considered and after interviewing Shri Ajaykumar Ramanlal Vakharia and his recommenders S/Shri Shantilal Vakharia and Rasiklal S. Jhaveri it was resolved by 13 votes in favour and one against to elect Shri Ajaykumar Ramanlal Vakharia as a member of the Exchange in the place of late Shri Champaklal Chimanlal Sadagar subject to the Rules Bye-laws of the Exchange on the condition that he should not do business in the market in his own name for one year. 11 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us as may be deemed proper by the Chairman, their below mentioned securities should be included in our list of Non-Cleared Securities and trading in those securities should be done in the trading lots mentioned against them: Hindustan Dorr-Oliver Ltd. Equity 50 shares Polymers Corporation of Gujarat Ltd. Equity 50 shares Polymers Corporation of Gujarat Ltd. Preference 5 shares Haryana Detergents Ltd. Equity 50 shares Sterling Steel and Wires Ltd. Equity 50 shares Orient Plywood and Engineering Industries Ltd. Equity 50 shares Gujarat Carbon Ltd. Preference 5 shares Maharashtra Scooters Ltd. Equity 50 shares Modi Carpets Ltd. Equity 50 shares Economic Development Corporation of Goa, 61/4% Boonds of 1987 Daman and Diu Ltd. Rs.1000/- Hindustan Lever Ltd. New Equity 25 shares Chowgule Steamships Ltd. New Equity 50 shares Aruna Sugars Ltd. 11% Preference 5 shares

12 Unanimously resolved that as Madhya Pradesh Industries Ltd., has been amalgamated with Straw Products Ltd., the securities of Madhya Pradesh Industries Ltd., should be removed from our list of securities officially quoted on the Exchange. 13. Unanimously resolved that as Gujarat Investment Trust Ltd., has gone into liquidation the securities of that company should be removed from the list of securities quoted on the Exchange. 14. Unanimously resolved that as the undermentioned securities are being redeemed they should be removed from the list of securities quoted on the Exchange: Oil India Ltd. Debentures Sumco Meters Ltd. Redeemable Preference Shares.

Sd/- Sd/- A.J. Shah Mathradas Samaldas Secretary President

19-12-77 Tuesday, 19-12-77

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Mathradas Samaldas wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Jayantilal Rangiladas Khandwala Seth Phiroze J. Jeejeebhoy Seth Vasantlal Jivatlal Seth Laldas Jamnadas Seth Navinchandra Chhaganlal Kampani Seth Jayant Amerchand Seth A.R. Mahadevia Seth Rasiklal Maneklal Seth Chhotalal Devchand Seth J.R. Motishaw Seth Ashokkumar Girdharlal Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya Seth Haryantlal Narandas Sonavala

Government Nominees Shri M.R. Mayya

The following business was transacted in the meeting:

1 The applications for help of the undermentioned organisations were read and it was resolved to give a Donation of Rs.101/- to each of them: 1) All India Federation of the Deaf. 2) Maharashtra State Anti-Tuberculosis Association 2 The application dated 19-10-77 of Shree Badipara Harijan Yuvak Mandal was read and it was resolved that no help can be given to it. 3 The application for loan of our Hamal Shankar Sakharam was read and it was resolved to give him a loan of Rs.2000/-. 4 The letters of the undermentioned members were read and it was resolved to give permission to do business as Representative Member as shown below: Nominating Member Representative Member M/s Sumatilal Jamnalal Shri Niranjan Jamnalal Koradia Shri Manubhai Maneklal Shri Shrikishan M. Damani Shri Babubhai Maganlal Gandhi Shri Ramanlal Chhaganlal Dalal Shri Kantilal Jivanlal Vakharia Shri Ajaykumar Ramanlal Vakharia Shri Bhagwandas Gordhandas Shri Kardam Rajendra Dalal 5 The Holidays of our Association for the year 1978 were fixed.

6 The application dated 1-11-77 of Shri Jayantilal Thakarlal Gambhirwala nominating Shri Shriram Shrinivas as a member of the Exchange in his own place was considered and after interviewing Shri Shriram Shrinivas Narsaria and his recommenders S/Shri Bhogilal Trikamlal Shah and Champaklal Jamnadas it was resolved by 13 votes in favour and none against to elect Shri Shriram Shrinivas as a member of the Exchange in the place of Shri Jayantilal Thakarlal Gambhirwala subject to the Rules Bye-laws of the Exchange on the condition that he should not do business in the market in his own name for nine months. 7 As the construction work of our new building has been restarted it was resolved that in order to maintain contacts and represent on our behalf with the contractors in that connection, Lt. Gen. P.D.Jain should be appointed as out representative (Owners representative) with full powers and befitting honorarium should be paid to him for that. Further resolved that the appointment of Shri Maheshbhai H. Patel on a monthly pay of Rs.1950/- and subject to the conditions mentioned in our letter of 31-10-77 as Project Engineer should be approved. 8 The letter dated 28-11-77 of Shri Mahavir Ispat Ltd., was read and it was unanimously resolved that as the company has paid up the annual listing fee for the year 1977, its securities should be re-listed for trading on the Exchange. Shri A.R. Mahadevia came and joined the meeting at this point of time. 9 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us as may be deemed proper by the Chairman, their below mentioned securities should be included in our list of Non-Cleared Securities and trading in those securities should be done in the trading lots mentioned against them: Reliance Textile Industries Ltd. Equity 50 shares Atul Chemical Industries Ltd. Equity 50 shares Sarvodaya Paper Mills Ltd. Equity 50 shares The Pondicherry Paper Mills Ltd. Equity 50 shares Magnesite and Minerals Ltd. Equity 50 shares Magnesite and Minerals Ltd. Preference 5 shares Bihar Air Products Ltd. Equity 50 shares Vidyut Steel Ltd. Equity 50 shares Dempo Dairy Industries Ltd. Equity 50 shares Stepen Chemicals Ltd. Equity 50 shares Stepen Chemicals Ltd. Preference 5 shares

10 As the undermentioned securities have been redeemed it was unanimously resolved to remove them from our list of securities tracked on the Exchange: Texamco 9.3% Preference Shares India Forge & Drop Stampings Ltd. –Preference Shares

Sd/- Sd/- A.J. Shah Mathradas Samaldas Secretary President

14-2-78

Tuesday, 14-2-78.

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 p.m. under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned Members of the Board were present:

Seth Mathradas Samaldas Seth Jasvantlal Chhotalal Seth Phiroze Jeejeebhoy Seth Jayantilal Rangildas Khandwala Seth Vasantlal Champaklal Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Kantilal Shah Seth A. R. Mahadevia Seth Jayant Amerchand Seth Chhotalal Devchand Seth Rasiklal Maneklal Seth Ashokkumar Girdharilal Fozdar Seth J. R. Motishaw Seth Hariyantlal Narandas Sonawala

Government Nominee Seth M. R. Mayya Shri R. N. Bansal Shri J. G Gogte

The following business was transacted in the meeting

1. Government letter dated 30.12.77 regarding Shri J. G. Gogte’s appointment’s on our Board as an Alternate Government Director for Shri S. L. Shetty, Director of the Economics Department of the Reserve Bank of India, was read out and taken note of.

The President while welcoming Shri J. G. Gogte expressed the hope that his valuable advise and guidance will prove useful to us.

2. The application dated 01.12.78 of the Dump and Deaf Institution for help was considered and it was resolved to donate a sum of Rs. 101/- to it.

3. The application dated 25.01.78 of our pensioner Shri. Maganbhai Jinabhai Desai was considered and it was resolved to give him help of Rs. 100/- pm. from Seth KRP Shroff Stock Exchange Sarvajanik fund.

Page 1 of 4

4. The application of the under mentioned persons of our office staff were considered and it was resolved to approve the loans given to them as shown below Shri. G. S. Tompe Rs. 1,000/- Sepoy Dinanath Sarmalkar Rs. 2,000/- Hamal Shankar Sakharam Rs. 2,000/- 5. The application for loans of the undermentioned persons of our office staff were considered and it was resolved to give them loans as shown below: Shri M. V. Bhandare Rs. 5,000/- Sweeper Khachera Dhureram Rs. 1,000/- 6. The letter dated 18.01.78 of Shri Vasantlal Jivatlal and Chandrkant Jivatlal was considered and it was resolved to approve the partnership between them from 31.12.97 under the firm name of M/s. Kantilal Purtapsi.

7. The application dated 10. 01. 78 of the near relatives of the late Shri Jivatlal Purtapsi nominating Shri Chandrakant Jivatlal Dalal as a Member of the Exchange in the place of the late Shri Jivatlal Purtapsi was considered and after interviewing Shri Kantilal Purtapsi and his recommenders S/Shri Champaklal Jamnadas and V. D. Vakil it was resolved by 13 votes in favour and none against to elect Shri Chandrakant Jivatlal as a Member of the Exchange in the place of the Late Shri Jivatlal Purtapsi, subject to the Rules and Regulation of the Exchange. 8. The application dated 28-01-78 of the near relatives of the late Shri Amrutlal Vasanji Shah nominating Shri Harkishan Mulchand Shah as a member of the Exchange in the place of the late Shri Amratlal Vasanji Shah was considered and after interviewing Shri Harkishan Mulchand Shah and his recommender Shri B. D. Shroff it was resolved by 13 votes in favour and none against to elect Shri Harkishan Mulchand Shah as a member of the Exchange in the place of late Shri Amratlal Vasanji Shah subject to the Rules and Regulations of the Exchange. 9. The application dated 30-01-78 of the near relatives of the late Shri Merwanji Navroji Mehta nominating Shri Jamnadas Kanji Vanza as a member of the Exchange in the place of the late Shri Merwanji Navroji Mehta as a member of the Exchange in the place of the late Shri Merwanji Navroji Mehta was considered and after interviewing Shri Jamnadas Kanji Vanji and his recommenders S/Shri Ishwarlal Maganlal Dalal and Suryakant Harilal Maniar,

Page 2 of 4

it was resolved by 13 votes in favour and none against to elect Shri Jamnadas Kanji Vanza as a member of the Exchange in the place of the late Shri Merwanji Navroji Mehta, subject to the Rules and Regulations of the Exchange. 10. RESOLVED THAT the interest accrued uptil now on the loan given to the late Shri Champaklal Chimanlal should be written off: FURTHER RESOLVED THAT after deducting the amount of the loan given to him by us towards its repayment from the sale proceeds of his membership right, the balance amount of Rs. 14,000/- should be kept as deposit with the Association and the interest thereon should be paid for maintenance of his minor children- Master Shrenik Chimanlal Saudagar and Kumari Bhavna Chimanlal Saudagar in monthly instalments and the aforementioned amount of Rs. 14,000/- should be handed over to them when they attain adulthood. 11. Resolved that Tueday 28-03-78 should be fixed as the day for election of the Governing Board for the year 1978-79. 12. The application of the National News Print and Paper Mills Ltd dated 24-01-78 for re – enlistment of their securities for trading or the Exchange was considered and it was resolved to re-enlist their securities in the Non-Cleared Securities List. 13. The Listing applications of the undermentioned companies were considered and it was unanimously resolved that , subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us according to the conditions as may be deemed proper by the Chairman, their securities should be included in our list of Non Cleared Securities and their trading lots should be fixed as shown below :

Kulkarni Black and Deeker Son Equity 50 shares India Foils Ltd Equity 50 shares Ajanta Tubes Ltd Equity 50 shares Ajanta Tubes Ltd Preference 5 shares Mandolee Pallets Ltd Equity 50 shares Mandolee Pallets Ltd Preference 5 shares Gujarat Aromatics Ltd Equity 50 shares Gujarat Aromatics Ltd Preference 5 shares Bi- Metal Bearings Ltd Equity 50 shares

Page 3 of 4

Asea Ltd Equity 50 shares Raj Hans Steel Ltd Equity 50 shares Raj Hans Steel Ltd Preference 5 shares Chougule Matrex Hotels Ltd Equity 50 shares Chougule Matrex Hotels Ltd Preference 5 shares Novopan India Ltd Equity 50 shares Shree Rayalaseema Paper Mills Equity 50 shares Ltd Shree Rayalaseema Paper Mills Preference 5 shares Ltd Hyderabad Connectronics Ltd Equity 50 shares South East Footware Ltd Equity 50 shares Nath Pulp Paper Mills Ltd Equity 50 shares Nath Pulp Paper Mills Ltd Preference 5 shares Oceanic Investments Ltd Equity 50 shares Jasmine Investments Ltd Equity 50 shares Dalal Street Investments Ltd Equity 50 shares Rose Investments Ltd Equity 50 shares Bhavi Investments Ltd Equity 50 shares The Britania Biscuit Co. Ltd New Equity 100 shares The Central Pulp and Paper Mills New Equity 5 shares Ltd The Industrial Credit and 6 ½ % Debentures Investment Corporation of India (1998) Ltd Uttar Pradesh Electricity Board 6 ¼ % Bonds (1987) Uttar Pradesh Electricity Board 6 ¼ % Bonds (1987) (Second Series)

9. As the undermentioned securities have been redeemed, it was unanimously resolved to remove them from the list of securities traded on the Exchange. Bharat Commerce and Industries Ltd 9.3% Second Preference Shares Susser Textile Bearings Ltd Preference Shares

10. The Report dated 10-02-78 of Sir Shapaorji Broadia Brokers Helping Fund was considered and it was resolved to approve it.

Sd/- Sd/- A J Shah Mathradas Samaldas Secretary President

Dt : 10-03-1978

Page 4 of 4 Tuesday, 10-3-78

A meeting of the Governing Board of the Stock Exchange was held today at 3.00 p.m. under the Chairmanship of Seth Mathradas Samaldas, wherein the under mentioned members of the Board were present:

Seth Mathradas Samaldas Seth Jasvantlal Chhotalal Seth Phiroze Jeejeebhoy Seth Jayantilal RangildasKhandwala Seth Vasantlal Champaklal Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Kantilal Shah Seth A. R. Mahadevia Seth Jayant Amerchand Seth Chhotalal Devchand Seth Rasiklal Maneklal Seth Ashokkumar G Fozdar Seth J. R. Motishaw Seth Hariyantlal Narandas Sonawala

Government Nominee Shri M. R. Mayya Shri R. N. Bansal Shri J. G Gogte

The following business was transacted in the meeting:

1 The application dated 23-3-78 of our Sepoy Vilas Gyand to give him assistance for payment of second-term College fee of Inter Arts was considered and it was resolved to give him that much amount of the fee from Shri M. C. Mehta Smarak Fund, i.e. Rs. 225/-

2 The application dated 28-2-78 of the sweeper-bai Tara Mohan for giving her help for medical treatment expenses during her sickness was considered and it was resolved to give her that much help from Seth KRP Shroff Stock Exchange Sarvajanik fund.

3 The application dated 22-3-78 of our watchman Shri S. K. Tal for giving him a loan was considered and it was resolved to give him a loan of Rs. 1,500/- .

4 Resolved that donation of Rs. 5,001/- given to Seth KRP Shroff Stock Exchange Sarvajaink Fund on 24-12-77 is approved.

Page 1 of 3

5 The application dated 10-03-78 of S/Shri Vasantlal Jivatlal Dalal and Chandrakant Jivatlal Dalal for partnership between them was considered and it was resolved to approve their partnership with effect from 10-4-1978 under the firm name of M/s. Kantilal Partapsi.

6 The application dated 14-02-78 of Shri Soli Barjorji Bilimoria nominating Shri Homi Kekhsaru Unwala as a member of the Stock Exchange in his own place was considered after interviewing Shri Homi Kekhsaru Unwala and his recommender Shri Keki J. Khambhata it was resolved by 13 votes in favour and none against to elect Shri Homi Kekhsaru Unwala as a member of the Exchange in the place of Shri Soli Barjorji Bilimoria subject to the Rules and Regulation of the Exchange.

7 The tenders for the aluminum windows of the podium of our new building from (1) M/s Godrej & Boyce (2) M/s. Alumonde and (3) Beklabet respectively for Rs. 5,11,665/-, Rs. 3,38,732/- and Rs. 4,07,748/- were considered and it was resolved to accept the letter of M/s. Godrej and Boyce for Rs. 5,00,000/- with glasses for the windows after confirming with them.

8 At the time of appointment of M/s. Manek & Dastoor as air-conditioning consultants for our new building, terms of their remuneration were decided. However, in the course of the correspondence with them, remuneration except on the new terms mentioned in their letter dated 6-1-78 is not acceptable to them. It is therefore resolved that instead of M/s. Manek & Dastoor, M/s Raman & Associates should be appointed as air-condition consultant through our architects-M/s. Architectural Research Unit with the terms of arrangement made with M/s. Manek & Dastoor suitably modified according to the present circumstances.

9 The application of Shri Vasantrai Damodar Mehta dated 17-2-78 nominating Shri Bhupatrai Lalchand Shah as a member of the Exchange in his own place was considered and after interviewing Shri Bhupatrai Lalchand Shah and his recomender Shri Navalchand Tarachand Shah it was resolved by 13 votes in favour and none against to elect Shri Bhupatrai Lalchand Shah as a member

Page 2 of 3 of the Exchange in the place of Shri Vasantrai Damodar Mehta subject to the Rules and Bye-Laws of the Exchange.

10 The application date 15-2-78 of Mohan Steels for re-enlistment of their securities for trading on the Exchange was considered and it was resolved to re-admit their securities in our list of Non Cleared Securities.

11 The listing application of the under mentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements on such conditions as it may deemed proper by the Chairman, their securities should be included in our list of Non- cleared Securities and their trading lots should be fixed as shown below:

Mukarian Papers Ltd. Equity 50 Shares Sarvodaya Investment Equity 50 Shares and Trading Co. Ltd

12 The letter dated 6-3-78 of Shri Mahesh J Patel informing that the undermentioned companies had dropped their public issues were considered and it was resolved to give their listing applications. 1) Acme Investments Ltd. 2) Gold Rock Investments Ltd. 3) Silver Line Investments Ltd.

sd/- sd/- A.J Shah J. R. Motishaw Secretary President

Date: 2-5-78

Page 3 of 3 Tuesday 2-5-78

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 4.00 p.m.in the beginning under the Chairmanship of Seth J. R. Motishaw and later under the chairmanship of Shri Mathradas Samaldas wherein the under mentioned Members of the Board were present:

Seth Mathradas Samaldas Seth Bhupendra Champaklal Devidas Seth Phiroze Jeejeebhoy Seth J. R. Motishaw Seth Vasantlal Champaklal Seth A. R. Mahadevia Seth Jaswantlal Chhotalal Seth Ashok Kumar G. Fozdar Seth Vasantlal Kantilal Shah Seth Jayantilal Rangildas Khandwala Seth Jayant Amerchand Seth Purshottam G. Ruiya Seth Rasiklal Maneklal Seth Chhotalal Devchand Seth Vasantlal Jivatlal

Government Nominee Shri M. R. Mayya Shri J. G Gogte The following business was transacted in the meeting

1 Proposal by Seth Jayant Amerchand and seconded by Seth Purshottam Gopiram Ruiya, Seth J. R. Motishow was unanimously elected as Chairmen of today’s meeting in the beginning. 2 Proposed by Seth J. R. Motishaw and supported by Jayant Amerchand it was unanimously reelected that Shri Mathradas Samaldas Kothari should be elected as President. Seth J. R. Motishow handed over the Chairmanship of the meeting to Seth Mathradas Samaldas Seth Mathradas Samaldas thanked all the Members of the Board for the trust / reposed in him by them. Expressing his sense of gratitude for the support and cooperation given to him last year by all the members of the Board and Government Nominees, be expressed hope that during the current year also they would continue giving support and cooperation in the same manner.He congratulated Seth Bhupendra Champaklal for being elected to the Board and welcomed him.

Page 1 of 6 3 Proposed by Seth Jayant Amerchand and supported by Seth Ashokkumar G. Fozdar it was unanimously resolved to elect Seth Vasantlal Champaklal Mashruwala as the Vice-President. 4 Proposed by Seth Mathradas Samaldas and supported by Seth Jayant Amerchand it was unanimously resoled to elect Shri Navinchandra Chhaganlal Kampani as the Hon. Treasurer 5 Resolved that the undermentioned persons should be nominated as members of the Arbitration Committee for the year 1978-79

Shri Keki N. Chinoy Shri V. K. Nanvati Shri Jayantlal M. Dalal Shri Jayarndra D. Mehta Shri Champaklal Balubhai Marfatia Shri Rasiklal S. Jhaveri Shri D. V. Shukla Shri Govindbhai B. Desai Shri Hariram Dwarkadas Shri Jitendra Champaklal Mashruwala Shri Bhagubhai Amthalal Gandhi Shri Ramdas Lallubhai Shri S. M. Shah Shri Shirish Chimanlal Dave Shri Nagindas Trambaklal Parekh Shri Kirtilal K. Shah

6 Resolved to appoint the Arbitration Committee for the year 78-79 consisting of the under mentioned Members Seth Jayant Amerchand Seth Jayantilal Mansukhlal Dalal Seth Vasantlal Kantilal Shah Seth Rasiklal S. Jhaveri Seth Jasvantlal Chhotalal Seth Nagindas Trambaklal Parekh

7 Resolved to appoint Sir Shopoorji Broacha Brokers Helping Fund Committee consisting of the undermentioned Members : Seth Mathradas Samaldas Seth Vasantlal Champaklal Mashruwala Seth J. R. Motishaw Seth Dhirajlal Maganlal

8 Resolved to appoint the Building Committee consisting of S/Shri Mathuradas Samaldas, Vasantlal Champaklal Mashruwala, J. R. Motishaw, Jayant Amerchand, Rasiklal Maneklal, Vasantlal Kantilal Shah, and Jaswantlal Chhotalal 9 “Resolved that cheques be signed by the President Shri Mathradas Samaldas, or the Chairman Shri P. J. Jeejeebhoy, or the Vice-President Shri Vasantlal Champaklal, or the Hon. Treasurer Shri Navinchandra Chhaganlal Kampani and any one of the following six members of the Governing Board

Page 2 of 6 namely, Shri J. R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah and in his absence by Shri S. N. Karaka or Shri M. D. Vyas,” 10 “Resolved that the various Accounts and Safe Custody Account of the Exchange with the Bank of India be operated on jointly by the President Shri Mathradas Samldas, or the Chairman Shri P. J. Jeejeebhoy, or the Vice- President Shri Vasantlal Champaklal, or The Hon. Treasurer Shri Navinchandra Chhaganlal Kampani and by any one of the following six members of the Governing Board, namely, Shri J. R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary, Shri A. J Shah and in his absence by Shri S. N. Karaka or Shri M. D. Vyas,” 11 “Resolved that the Current Accounts and Safe Custody Accounts with Bank of India in the name of The Stock Exchange Staff Provident Fund and The Stock Exchange Staff Gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being of the survivors or survivor of them or jointly by the Hon. Treasurer Shri Navinchandra Chhaganlal Kampani, and any one of the following Six Members of the Governing Board namely, Shri J. R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahadevia and be countersigned by the Secretary Shri A. J. Shah and in his absence by Shri S. N. Karaka or Shri M. D. Vays.” 12 The application of “Hind Kusta Nivaran Sangh”: Maharashtra Branch was considered and it was resolved to give it a donation of Rs. 101/-. 13 The letter dated 03-04-1978 of Seth G. N. Kamdar of our office staff was read and it was resolved to accept his resignation with effect from 01-05- 1978 and pay him his accumulated Provident Fund amount of Rs. 11,434.90 and Rs. 6,782.10 as Gratuity 14 The application dated 21-03-1978 of our Sepoy Tukaram Bhikaji, for loan was considered and it was resolved to approve the loan of Rs. 3,000/- given to him. 15 The application for loan of the under mentioned persons of our office Staff were considered and it was resolved to give them loans as mentioned below against their name; Sepoy Madhukar Bhima Rs. 500/- Sepoy Pandurang Zilu Rs. 2,000/-

Page 3 of 6 16 The application dated 01-04-1978 of our liftman Tukaram Laxman for giving him help for the expenses for medicine incurred by him in connection with the operation of cataract in his eye was considered and it was resolved to give him help of Rs. 113/- from Seth KRP Shroff Stock Exchange Sarrajanik fund.

17 The application for the undermentioned partnership were considered and approved Name of the Partnership Firm Name of Partner Date of Partnership M/s. S. A. Deshpande & Co. Shri Shankar Amrut Deshpande 1-4-78 Shri Hasmukhlal Maneklal Shah Shri Bhupendra Lalchand Seth M/s. Girdharlal Dhanraj Girdharilal Dhanraj Lhaitan 17-4-78 Khaitan Jairaj Dhanraj Khaitan

18 The letters of the undermentioned members were considered and it was resolved to give permission for doing business as Representative Members as shown below.: Nominating Member Representative Member M/s. CRD Bagri & Sons Shri Jayantilal N. Jariwala Shri Harkishan M. Shah Shri Jamnadas Kanji Varza

19 The application dated 10-3-78 of the near relations of the Late Shri Shantilal Liladhar Thar, nominating Shri Jitendra Ratilal Shroff as a Member of the Exchange in the place of the Late Shri Shantilal Liadhar Thar was considered and after interviewing Shri Jitendra Ratilal Shroff and his recommenders S/Shri Kekhsaru M. Kheshawala and Rasiklal S. Jhaveri it was resolved by 13 votes in favour and none against to elect Shri Jitendra Ratilal Shroff as a Member of the Exchange in the place of the Late Shri Shantilal Liladhar Thar, subject to the Rules and Regulation of the Exchange. Shri Rasiklal Maneklal joined the meeting at this moment. 20 Tha application dated 15-3-78 of Shri Kalyanbhai Maganlal nominating Shri Hiralal Keshavdev Podar as a member of the Exchange in his own place was considered and after interviewing Shri Hiralal Keshavdev Podar and his recommenders S/Shri Bhagwandas K. Suchde and Damodarprasad R. Saboo, it was resolved by 14 votes in favour and none against to elect Shri

Page 4 of 6 Hiralal Keshavdev Podar as a Member of the Exchange in the place of Shri Kalyanbhai Maganlal, subject to the Rules and Regulation of the Exchange. 21 The application dated 13-4-78 of Shri Gordhandas Bhagwandas nomination Shri Kanchanlal Kantilal Vakharia as a member of the Exchange in his own place was considered and after interviewing Shri Kanchanlal Kantilal Vakharia and his recommenders S/Shri Ramdas Lallubhai and Jitendra Champaklal Mashruwala it was resolved by 14 votes in favour and none against to elect Shri Kanchanlal Kantilal Vakharia as a Member of the Exchange in the place of Shri Gordhandas Bhagwandas subject to the Rules and Regulation of the Exchange. 22 The correspondence with Bright Wires Limited regarding re- enlistment of its securities for trading in the Exchange was considered and it was resolved to re-admit it securities in the list of securities traded on the Exchange. 23 The Listing application of the under mentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us on such conditions as may be deemed proper by the Chairman, their securities should be included in our list of Non-Cleared Securities and their trading lots should be fixed as shown below: Press Metal Corporation Ltd. Equity 50 shares Garare Wall Ropes Ltd. Equity 50 Shares Thefted carpets and Woolens Industries Ltd. Equity 50 Shares Kerala Chemicals and Proteins Ltd. Equity 50 Shares Housing and Development Finance Corporation Ltd. Equity 5 Shares

24 The letter of the undermentioned companies were read and it was unanimously resolved that some of these companies do not want their securities to continue in our list of securities traded on the Exchange, their securities should be removed from the list of securities traded on the Exchange. Jugilal Kamalapet Cotton Spg & Wvg. Mills Co. Ltd. National Rubber Manufacturers Ltd. 25 As the Preference Shares of L. G. Rubber Works Ltd. have been redeemed, it was unanimously resolved to remove those shares from our list of Securities traded on the Exchange. 26 The Chairman explained the present position regarding our new building under construction and informed that the tenders received for its civil work

Page 5 of 6 were being scrutinized. He added that due to escalation of cost during the time the construction work had stopped, the Otis Elevator Company had increased the prices of lift and now we shall have to pay the price of about Rs. 7,00,000/- per lift. 27 As our Plumbing consultant M/s. Hydro Mechanical Services have asked for an increase in their fee for the work relation to preparation of new drawing Report and Tender for fire fighting facilities etc. the matter was considered and it was resolved to increase the amount of their fees by approximately Rs. 15,000/-. 28 After having considered the tenders of M/s. Hercules Rolling Shutters, M/s. Swastik Rolling shutters, M/s. A. P. Ornamental Shutters and M/s Shubhdwar Rolling Shutters for Rs. 74,601/50 , Rs. 57,111/82, Rs, 53,576/25 and Rs. 68,10327 respectively for shutters of the Podium of our new it was resolved to accept the tender of M/s. A. P. Ornamental 29 The Chairman informed the Board that as against our members requirement of 5,000/- Transfer forms per day, we receive from the Registrar of Companies about 5,000 forms, members have lot of difficulty in getting delivery of Shares. In view of this, we have been making efforts to obtain an electronic machine which could make endorsement on the transfer forms with greater speed and if we succeed in that we should give one such machine to the Registrar of Companies for use so that it becomes easy to supply transfer forms to our members according to their requirements.

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President

Date: 26-5-78

Page 6 of 6 Friday, 26-5-78 .

A meeting of the Governing Board of the Stock Exchange was held today,at S.T. 3.00 pm was held under the Chairmanship of Seth Mathradas Samaldas wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Phiroze Jeejeebhoy Seth Bhupendra Champaklal Devidas Seth Vasantlal Champaklal Seth J. R. Motishaw Seth Vasantlal Kantilal Shah Seth A.R. Mahadevia Seth Navinchandra Chhaganlal Seth Jayantilal Rangildas Khandwala Kampani Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth Rasiklal Maneklal Seth Chotalal Devchand

Government Nominees Shri J.P. Mukherjee Shri M.R. Mayya

The following business was transacted in the meeting:

1. The application dated 23-3-78 of the Poona School and Home for the Blind was considered and it was resolved that a donation of Rs. 101/- should be given to it.

2. The applications for loan of the undermentioned persons of our office staff were considered and it was resolved to grant them loan as mentioned below a. Shri N.M A/c ------Rs. 5000/- b. Liftman Tukaram Laxman ------Rs. 2000/-

3. The application of Shri Harivallabhdas Chunilal Shroff dated 26-4-78 nominating Shri Keshavji Dhanji as a member of the Exchange in his own place was considered and after interviewing Shri Keshavlal Dhanji, and his recommenders S/Shri Jayantilal G Shah and Manek H.P Byramji, it was resolved by 10 votes in favour and 3 against to elect Shri Keshavlal Dhanji as a member of the Exchange in the place of Shri Harivallabhdas Chunilal Shroff, subject to the Rules and Regulations of the Exchange on the condition that he should not do business in the market in his own name until 9-4-80.

Page 1 of 3 4. Resolved that Seth J.R. Motishaw, and Seth Rasiklal Maneklal, and S/Shri A.J. Shah and S.N. Karaka should be appointed as Trustees of the Stock Exchange Staff Provident Fund.

5. Resolved give approval to the donation of Rs. 3,50,000/- given from Stock Exchange Education and Research Services Fund by its Trustees to the Stock Exchange Foundation (which has been approved under Section 35(1) of the Income Tax Act) for Social Services Research on the condition that Rs. 3,00,000/- out of that donation will be regarded as corpus.

6. Having considered the tender for the Civil work of our new building submitted by M/s B.E. Billimoria & Co. and Mona Construction of Rs. 55,77,251/13 and Rs. 81,17,891/37 respectively, it was resolved to accept the tender of M/s B.E. Billimoria & Co.

7. Resolved to approve the lumpsum payment of Rs. 7,00,000/- made to our contractors Engineering Construction Corporation for all the expenses relating to labour, material, form work, ware-house rent, insurance, investment of money, dispersal and re-establishment of the work facilities during the period of more than 2½ years of stoppage of construction work of our new building from the month of March 1975, and also to approve the decision of giving an increase of 10% of in the original tender rates for the remaining work in the view of the escalation of prices during the above mentioned period of 2½ years.

8. The listing applications of the undermentioned Companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as Compliance with the usual requirement and other special requirements stipulated by us according to the conditions as may be deemed proper by the Chairman, their below mentioned securities should be included in our list of Non- Cleared Securities and their trading lots should be fixed as shown below: a. Rasoi Vanaspati and Industries Ltd. ---Equity---50 Shares b. Vishal Malleables Ltd. ------Equity—50 Shares

9. The correspondence with Gujarat Machinery Manufacturers was gone through and it was unanimously resolved to remove its securities from our list of securities traded

Page 2 of 3 on the Exchange as the company has failed to comply with our listing requirements inspite of repeated warnings and to give an assurance or clarification sought by us.

10. As Shri J.P. Mukherjee was getting promoted from his present rank in the Finance Ministry and joining the Company Law Ministry as Joint Secretary, the President congratulated him on his own behalf and on behalf of the Board and wished him success in the new post and also expressed the hope that Shri Mukherjee will continue to give us the benefit of his valuable advice, guidance, support and co- operation as before.

Sd/ Sd/ A.J. Shah Mathradas Samaldas Secretary President

Dt: 27-06-08

Page 3 of 3 Tuesday, 27-6-78

A Meeting of the Governing Board of the Exchange was held today at 3.00 P.M. under the Chairmanship of Seth Mathradas Samaldas wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Rasiklal Maneklal Seth Phiroze Jeejeebhoy Seth Vasantlal Juratlal Seth Vasantlal Champaklal Seth Bhupendra Champaklal Devidas Seth Jasvantlal Chhotalal Seth J. R. Motishaw Seth Vasantlal Kantilal Shah Seth A. R. Mahadewa Seth Navinchandra Chhaganlal Kampani Seth Jayantilal Rangildas Khandwala Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth Chhotalal Devchand

Government Nominees Shri M. R. Mayya Shri M. L. Chavla Shri R. N. Bansal Shri J. G. Gogte

The following business was transacted in the meeting:

1. Shri L. R. Munjal, Jt. Director, Finance Ministry Government of India, was present by invitation. The President mentioned that Shri L. R. Munjal was to be transferred from his present post and thanked him for the support and co- operation given by him to the Board and also wished him success in his new post.

The President also mentioned that Shri M. R. Mayya was to be promoted and was to go to Delhi in place of Shri Z. R. Munjal and in his place here Shri M. Z. Chavla has been appointed as Dy. Director and Government Nominee on our Board. He welcomed Shri Chavla and congratulated both of them success in their new posts and also expressed hope that the Board will continue to get their valuable support and co-operation as before.

Page 1 of 4 2. The application dated 26-6-78 of our office staff Shri V. K. Suvarna was considered and it was resolved to give him a loan of Rs. 3,000/-.

3. The letter dated 30-5-78 of Shri Naresh Jetsi was considered and it was resolved to give him permission to do business in the market in his own name.

4. The letter dated 9-6-78 of Shri P. D. Shukla and Shri Kishorji Dhanji were considered and it was resolved to give permission to Shri Kishorji Dhanji to do business as a Representative Member of Shri P. D. Shukla.

5. The application dated 1-6-78 of S/Shri Vinayak Bhikaji Desai and Jitendra Ratilal Shroff was considered and it was resolved to approve their partnership under the name of M/s. V. B. Desai from 6-6-78.

6. The letter dated 20-6-78 of Shri M. J. Halai was considered and it was resolved that as he has been forbidden from doing business there is no question of issuing a badge to him or any other person for entering the trading hall .

7. The Report, Income and Expenditure account and Balance sheet of our Association for the year 1977 were passed.

8. According to the existing Rules and Regulations adjustment of interest in the case of transactions in the Government Securities is made on net basis. The Government’s letter dated 11-5-78 suggested that the adjustment should be made on the gross interest basis was considered and the matter was postponed for further consideration.

9. The application dated 27-5-78 of the near relatives of the Late Shri Hiralal Liladhar Sheth nominating Shri Bharat Hiralal Sheth as a member of the Exchange in the place of the Late Shri Hiralal Liladhar Sheth was considered. In that connection, the letters of S/Shri Dwarkadas J. Madnani, Bhajandas Jethanand Madnani, Jaysukh A. Sampat and Shyam G. Prajapati dated 5-6-78, 9- 6-78, 12-6-78 and 17-6-78 respectively were considered and after interviewing the above mentioned Shri Bharat Liladhar Sheth and his recommenders S/Shri Prabhudas Liladhar and K. C. Vakharia it was resolved by 12 votes in favour and

Page 2 of 4 2 against the application of Shri Bharat Liladhar Shah to elect him as a member of the Exchange in the place of the Late Shri Hiralal Liladhar Sheth to the Rules and Regulations of the Exchange and on the condition that he should not do business in the market in his own name for two years and even after that he should not do business in his own name without obtaining the permission of the Governing Board.

10. The application of Ogle Glass Works Ltd. dated 13-6-78 for re-enlistment of its securities for trading on the Exchange and it was unanimously resolved to re- admit its securities in our list of Non-Cleared Securities.

11. The listing applications of the undermentioned companies for en-listment of their Securities on the Exchange were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as Compliance with the usual requirements and such other special requirements stipulated by us, according to the conditions as may be deemed proper by the Chairman, their Securities should be included in the list of non-cleared securities and their trading lots should be fixed as shown below:

Kinetic Engineering Ltd….. Equity…..50 Shares Goetz India Ltd…………… Equity…..50 Shares Refractory Specialities (India) Ltd… Equity…..50 Shares Pressure Cookers & Appliances Ltd. Equity…..50 Shares Tata Robins Frazers Ltd….. Equity…..50 Shares Core Products Co (India) Ltd…. Equity…..50 Shares India Carb Ltd……. Equity…..50 Shares Gajara Bevel Gears Ltd…… Equity…..50 Shares Kartak Investments Ltd….. Equity…..50 Shares Oscar Investments Ltd…. Equity…..50 Shares The Industrial Credit and Investment Corporation of India… 6½ % Debentures (1998)

12. Unanimously resolved to remove the Securities of Sundalta Foods and Fibres Ltd. from our list of securities traded on the Exchange, as it has been merged with Modern Mills Ltd.

Page 3 of 4

13. Unanimously resolved to remove the under mentioned securities from our list of Securities traded on the Exchange as they have been redeemed:

Indian Aluminum Co. Ltd. ……….. 6½ % Debentures 1998 Mysore Cements Ltd. ……… 9.5% Preference Shares

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President

Dt. 10-8-1978

Page 4 of 4 Thursday, 10-8-78 A meeting of the Governing Board of Exchange was held today at S. T. 3.00 pm under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned members of the Governing Board were present.

Seth Mathradas Samaldas Seth Rasiklal Maganlal Seth Phiroze J. Jeejeebhoy Seth Vasantlal Jivatlal Seth Vasantlal Champaklal Seth Bhupendra Champaklal Devidas Seth Jasvantlal Chhotalal Seth J. R. Motishaw Seth Vasantlal Kantilal Shah Seth A. R. Mahadevia Seth Laldas Jamnadas Seth Ashok Kumar Girdharlal Fozdar Seth Navinchandra Chhaganlal Kampani Seth Purshottam G. Ruiya Seth Chhotalal Devchand

Government Nominees Shri M. L. Chavla Shri R. K. Bansal Shri J. G. Gogte

Shri L. R. Munjal and Shri M. R. Mayya were present by invitation.

The following business was transacted in the meeting. 1 The application dated 5-8-78 of our sepoy Vilas Gajendra for granting his college fees for the first term of BA. ( Part First) was consider and it was resolved to grant him fees from Shri M. C. Mehta Smarak Fund. 2 The application of the undermentioned staff of our office for Home loans were considered and it was resolved to give them loans of the amounts showing against their names below: Shri K. V. Shankar Rao Rs. 20,000/- Shri T. G. Babu Rs. 5,000/- Shri ABS Nayar Rs. 5,000/- 3 The letters of the undermentioned members were considered and it was resolved to give them permission for doing business in the market as Representative Members as shown below: Nominating member Representative member Shri J. D. Sanghavi Shri N. K. Sanghavi M/s. Prabhudas Liladhar M/s. Hiralal Liladhar M/s. kantilal Ishwarlal Shri Dhirajlal Kalyanji Vora

Page 1 of 8 4 In connection with the complaint of Shri D.K. Bharucha against Shri. J. T. Halai and the correspondence with them after hearing them it was unanimously resolved that taking into consideration the complaints against Shri J. T. Halai and also that he had been doing business in his own name inspite of having been banned, he should be expelled from the membership of the Exchange, for his conduct not fulfilling a member of the Exchange. 5 The application dated 22-6-78 of the near relatives of the late Shri Bhanuprasad Jethalal Mahadevia nominating Shri Jagmohandas Varajdas Dalal as a member of the Exchange in the place of the late Shri Bhanuprasad Jethalal Mahadevia was considered and after interviewing Shri Jagmohandas Varjdas Dalal and his recommenders S/Shri R. V. Varde and Madhusudan D. Ghia it was resolved by 14 votes in favour and none against to elect Shri Jagmohandas Varajdas Dalal as a member of the Exchange in the place of the late Shri Bhanuprasad Jethalal Mahadevia, subject to the Rules and Regulation of the Exchange. 6 RESOLVED THAT pursuant to the resolution of the member of the Exchange dated 20 th December, 1974, the Stock Exchange do agree with General Insurance Corporation of India to borrow sum not exceeding in the aggregate the amount of Rs. 1,825,46,000/- with interest @ 8% p.a. on condition that as from a suitable date to be mutually agreed upon the same be repaid by the Exchange over a period of 15years by fixed equal monthly installments of principal and interest @ 8% p. a. on the average of the reducing balance of the principal amount. The fixed equal monthly installment for an advance of Rs. 1 Lakh being Rs. 890.750 (i.e. Rs. 555,555 towards principal and Rs. 335.195 towards interest), and to secure the said advance and interest and all other money payable in respect thereof the Exchange do agree to a enter into an Agreement with the Corporation agreeing to create in favour of the corporation a mortgage on the immoveable properties of the Exchange ranking pari pasu with the mortgage created or to be created in favour of other lenders and the Exchange to further agree with the Corporation to execute in its favour an irrevocable Power of Attorney authorizing the Corporation to create such mortgage on behalf of the Exchange SUBJECT HOWEVER TO – (i) the prior charge in respect of the Rs. 2 crores 8% Debenture Stock, 1981-86 issued by the Exchange together with interest and all other money payable as well as any renewal with or without modification in respect thereof and subsequent charge in favour of Central Bank of India an / or other parties securing a sum not exceeding Rs. 75 lakhs in the aggregate advanced by them to the Exchange together with interest and all other moneys payable

Page 2 of 8 in respect thereof; (ii) the proviso that the amount advanced by Central Bank of India / or other parties as aforesaid and outstanding at any given time together with the amount secured under mortgage as aforesaid for the benefit of the Corporation and the said lenders at any given time shall not exceed Rs. 5 crores in the aggregate; (iii) the right of the Exchange to demolish the temporary structures and the Apollo Street building and the right to lease premises in the new building under construction for a period upto 20 years. FURTHER RESOLVED THAT Shri Mathradas Samaldas, the President,Shri J. R. Motishaw, Member of the Governing Board, and Shri A. J. Shah, the Secretary of the Exchange, be and are hereby authorized to do the needful in the aforesaid matter and in particular to approve and sign for and on behalf of the Exchange any Agreement or Agreements and to do and execute such other deeds, documents, writing and things ( including an Irrevocable Power of Attorney) that may be deemed necessary. (B) RESOLVED THAT: pursuant to the resolution of the members of the Exchange dated 20 th December, 1974 The Stock Exchange do agree with General Insurance Corporation of India to give on lease four tower floors in the new building under construction for term of three years with options on the part of the Corporation to renew the leas for further terms of three years each at the rent of Rs. 2.20 per sq. ft. and on other suitable terms and conditions. FURTHER RESOLVED THAT: Shri Mathradas Samaldas the President, Shri J. R. Motishaw Member of the Governing Board and Shri A. J. Shah the Secretary of the Exchange, be and are hereby authorized to do the needful, in the matter aforesaid and particulars to approve and sign for and on behalf of the Exchange any Agreement of Agreements and to do and execute such other deeds, documents, writing and things that may be deemed necessary. (c.) RESOLVED THAT pursuant to the Resolution of the members of the Exchange dated 20 th December, 1974 The Stock Exchange do agree with General Insurance Corporation of India to provide and / or cause to be provide Air-conditioning services and other special amenities; services and facilities at the monthly charge of Rs. 1.75 and Rs. 2.20 per sq. ft. respectively on four tower floors in the new Building under construction agreed to be leased to the Corporation for the period co-extensive and co- terminus with the period of the lease or any renewals thereof. FURTHER RESOLVED THAT Shri Mathradas Samaldas the President, Shri J. R. Motishaw Member of the Governing Board and Shri A.J. Shah, the

Page 3 of 8 Secretary of the Exchange, be and are hereby authorized to do the needful in the matter aforesaid and in particular to approve and sign for and on behalf of the Exchange any Agreement of Agreements and to do execute such other deeds, documents, writing and things that may be deemed necessary. 7 The Board noted the letter dated 10-8-78 of our Trustees giving their consent to the arrangement made in connection with four tower floors in our new building under construction to be given on lease to the General Insurance Corporation of India and the loan of Rs. 1,20,46,000/- to be given by to the Stock Exchange as mentioned above. The space in the western part of the ground floor of the above mentioned building to be given on lease for a period of upto 15 years to the Bank of India and buy- back of the 8% Stock Exchange debenture of Rs. 47,50,000/- in fixed suitable installments from the lease rent and / or Air-condition or other service charges payable by the Bank. 8 Resolved that the salaries and grades of our Secretary and the officers should be fixed as shown below against their names with effect: Name Grade Salary Date Shri A. J. Shah Rs. 3125-125-4000 3125 1-1-75 Shri R. R. Nair Rs. 2600-100-3000 2600 1-1-76 Shri J. M. Lalco Rs. 1500-50-1750 1700 1-1-78 Shri S. N. Karaka Rs. 1500-50-1750 1600 1-1-78 -75-2050 Shri K.V.B.S. Rao Rs. 1250-50-1750 1450 1-1-78 Shri M. D. Vyas Rs. 1250-50-1750 1400 1-1-78 Shri Nariman N. Dubash Rs. 1250-50-1750 1400 1-1-78 Shri G. N. Purohit Rs. 750-50-1250 850 1-1-78 More over our secretary Shri A.J.Shah and the statistical officer Shri R.R.Nair should be given an increase of Rs.100/- with the effect from 1-1- 78 in the monthly allowance given to all the persons pursuant to the Board’s Resolution dated 18-2-75 9 Resolved that pursuant to the arrangements that has been decided, grades, salaries, dearness allowance etc. of our office Clerks, Sepoy and others should be raised and kept as under with effect from 1-9-77 ‘A’ Grade Clerk: Rs. 200-15-260-20-400-25-600 ‘B’ Grade Clerk Rs. 90-9-135-11-190-13-255-16-335 ‘C’ Grade Clerk Rs.70-7-105-9-150-11-205-12-265 Dispatch, Xerox etc. Rs. 50-6-86-7-156-8-212

Page 4 of 8 Sepoy / Watchman / Liftman Rs. 40-5-90-6-138-7-180 Bhatt / Hamal / Sweeper Rs. 36-4-68-5-118-6-148 Those whose salary dose not fit appropriately in their grade on 1-9-77 should be placed in the next higher stage in the grade and adjusted accordingly and the annual increment from 1-1-78 should be given in the grade from the step so raised: Dearness allowance : ‘A’ and ‘B’ Grade Clerk Rs. 400/- p.m. ‘C’ Grade Clark Rs. 350/- p.m. The remaining Subordinate Staff Rs. 250/- p.m.

The dearness allowance will be increased or decreased by Rs. 2.75 for every raise or fall of 10 points respectively etc., in the Consumer Price Index No. 1021 according to the fix monthly average of the old Index of Bombay Consumer Price Index (1937 Base) Medical Benefit : from 1-1-78 to the permanent Staff members, 75% of the medical bill subject to the maximum limit of Rs. 200/- per annum. Leave travel Assistance : from 1-1-78 to the permanent staff member where they go on at least 20 days privilege Rs. 150/- only once in the year or rs. 300/- only once in two year. Sick Leave : To the permanent staff members 14 days for every one year’s service on ½ of the salary and ½ of the allowance. Sick Leave can be accumulated upto a maximum of 60 days and it would not be obligatory to utilize all the accumulated privilege live before taking benefit by the sick leave. 10 The application dated 22-6-78 of Andhra Steel Corporation Ltd., for re- enlistment of its securities for trading on the Exchange was considered and it was unanimously resolved to re-admit its securities in our Non-Cleared Securities list 11 The listing applications of under mentioned companies were considered and it was unanimously resolved that, subject to listing Rules and Regulations as well as compliance with the usual requirements and others special stipulated by us on such considerations as may be deemed proper by the Chairman, their Securities should be included in our list of Non-Cleared Securities List and their trading lots should be fixed as shown below: Konark Jute Ltd. Equity 50 Shares Ponds (India) Ltd. Equity 50 Shares Acemeasures Punjab Ltd. Equity 50 Shares

Page 5 of 8 Warren Tea Ltd. Equity 50 Shares Macleod Russel (India) Ltd Equity 50 Shares Kalinde Woollon Mills Ltd. Equity 50 Shares Gold Rock Investments Ltd. Equity 50 Shares M. M. Rubber Co. Ltd. Equity 50 Shares North Beher Sugar Mills Ltd. Equity 50 Shares Hariyana Sheet Glass Ltd. Equity 50 Shares Mahavali Investment Co. Ltd. Equity 50 Shares Cresent Dyes and Chemicals Equity 50 Shares 12 Unanimously resolved to remove the 8% First and Second series Debentures of Modi Industries Ltd., from our list of the Securities traded on the Exchange as may have been redeemed. 13 The letter of the Surat Electricity Co. Ltd. dated 17-4-78 was considered and it was unanimously resolved to remove its 7¾ % Debentures from the list of Securities traded on our Exchange.

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President

Date: 24-10-78

Page 6 of 8

The Governing Board had passed undermentioned resolution by the circular dated 29-8-78:

“The representation dated 26-8-78 of Shri Vinaychandra Narbheram Parekh and other members was considered and it was resolved that as Thursday, 7-9-78 Samvat holiday of Shankerseth Jains our market should kept closed for business on that day.”

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President Date 24-10-78

The Governing Board had passed the following resolution by Circular dated 21-9-78

“RESOLVED THAT it be arranged with the Andhra Bank Ltd. to grant to the Exchange cash credit facilities to the extent of Rs. 20 lakhs and the Exchange do agree to create in respect thereof a mortgage of the immovable property to the Exchange situate at the junction of Dalal Street, Apollo Street and Hamam Street, Bombay,in favour of the Bank ranking pari passu with existing charge thereon of Central Bank of India to the extent of Rs. 55 lakhs, i.e., to extent of Rs. 75 lakhs in the aggregate, subject to the prior charge of the holders of the 8% Debenture Stock, 1981-86 and further subject to the right of the Exchange to demolish the temporary structure and the 4 th and 5 th floor of the Apollo Street Building and the right to lease premises in the new building under the construction for a period upto 20 years and do execute all agreements, deeds, documents and writing as may be required by the Andhra Bank Ltd. for the purposes aforesaid FURTHER RESOLVED THAT all necessary documents as may be required by the Andhra bank Ltd. including an irrevocable Powers of Attorney authorizing the Bank to execute on behalf of the Exchange a mortgage as aforesaid be executed on behalf of the Exchange by the President of Vice- President, a Member of the Governing Board and the Secretary and the Seal of the Exchange be affixed thereon. FURTHER RESOLVED THAT: a Currant Account be opened with The Andhra Bank Ltd., Fort, Bombay, in favour of The Stock Exchange, Bombay and that the said Account be operated by the President, Shri Mathradas Samaldas, or the Chairman of Shri P. J. Jeejeebhoy, or the Vice-President,

Page 7 of 8 Shri Vasantlal Champaklal or the Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani and any one of the following six Members of the Governing Bard, namely, Shri. J. R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A. R. Mahdevia and be countersigned by the Secretary, Shri A. J. Shah and in his absence by Shri. S. N. Karaka or Shri. M. D. Vyas.”

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President

Date 24-10-78

Page 8 of 8 Tuesday, 24-10-1978

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 p.m. under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Phiroze J. Jeejeebhoy Seth Bhupendra Champaklal Devidas Seth Vasantlal Kantilal Shah Seth J.R. Motishaw Seth Navinchandra Chhaganlal Kampani Seth Ashokkumar Girdharlal Fozdar Seth Jayant Amerchand Seth Jayantilal Rangildas Khandwala Seth Rasiklal Maneklal Seth Purushottam Gopiram Ruiya Seth Chhotalal Devchand Parikh

Government Nominees Shri M.R. Mayya Shri M.L. Chawla Shri R.N. Bansal Shri J.G. Gogte (Alternate)

The following business was transacted in the meeting: 1. Resolved that the time for doing muhurat business transactions for the Vikram samvat 2035 should be kept from 6.15 to 7.15 pm on Tuesday, 31- 10-78. 2. The President informed the Board that Shri M.R. Mayya has been appointed on our Board as the Government Nominee in the place of Shri J.P. Mukherjee. He welcomed Shri Mayya and expressed hope that the Board will continue to receive his valuable support and co-operation as before. 3. The applications of the undermentioned institutions for help were considered and it was resolved to give a donation of Rs. 101/- to each of them. 1) All India Deaf & Dumb Society. 2) Society for the vocational rehabilitation of the retarded. 3) Eduljee Framjee Allbless Leprosy Home. 4. The application of our officer Shri F.A. Sahukar for giving him assistance towards the expenses for operation of prostate gland was considered and it was resolved to give him assistance of Rs. 680.50 from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund.

Page 1 of 7 5. The letter dated 4-10-78 of Shri Amratlal Parmandas was read and it was resolved to accept his donation of Rs. 1,501/- to Sir Shapoorji Broacha Brokers Helping Fund, with thanks. 6. The application dated 7-9-78 of our office clerk Shri M.K. Shivaraman to give him assistance towards the medical expenses during his sickness of jaundice was considered and it was resolved to give him assistance of Rs.330/- from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund. 7. The application for loan of our office clerk Shri G.S. Tonpe for loan dated 7- 9-78 was considered and it was resolved to give him a loan of Rs. 1,000/-. 8. The application dated 9-8-78 of our pensioner Shri K.B. Daruwala was considered and it was resolved that the pension that is being given to our undermentioned persons should be increased and from 1-10-78 they should be given pension monthly pension as shown against their names: 1. Shri Maganlal Jivabhai Desai Rs.300/- 2. Shri K.B. Daruwala Rs. 300/- 3. Shri Mahadev Atmaram Mane Rs. 70/- 4. Shri Bhiwa Babi Rs. 65/- 5. Shri Bhi Arjun Dhag Rs. 65/- 6. Shri Shankar Ratnoji Mane Rs. 75/-

9. The letter dated 29-8-78 of Shri Ashok Sunderlal was read and it was noted that from 25-8-78 he has continued to do business as the sole proprietor of the firm of M/s Khimchand Amerchand. 10. The applications for the undermentioned partnership were considered and they were approved: Name of the Names of Partners Date of Partnership Firm Parnership

M/s J.V. Dalal Shri Jagmohandas Varajdas Dalal 22-8-78 Shri Nandkishore Jagmohandas Dalal

M/s R.K. Joshi Shri Rajaram Kalidas Joshi 1-11-78 Shri Parikshit Rajaram Joshi

11. The letters dated 17-10-78 of S/shri Sanat M. Dalal and Upendra M. Dalal were read and it was resolved to give permission to Shri Upendra M. Dalal to do business as a Representative Member of Shri Sanat M. Dalal. 12. The President referred to the Board Resolution dated 1 st November, 1977 and reported that Bank of India (hereinafter referred to as “the Bank”) had at the request of the Stock Exchange agreed to continue to grant to the

Page 2 of 7 Stock Exchange demand loan facilities upto a list of Rs.17,50,000/- on terms, conditions and security mentioned below: Limit : Rs.17,50,000/- Term : Demand- without prejudice to the demand nature of the loan, it is to be repaid by annual installments of Rs.3.50 lacs each commencing from 26.7.1977.

Rate of Interest : 6% over bank rate minimum 15% per annum with quarterly rates. Security : 1. Demand promissory notes by the Stock exchange Bombay, in favour of the Bank; 2. Continuing Security Agreement; 3. Letter of Lien and Set-off; 4. Agreement of hypothecation in respect of the Electronic Computer and other accessories thereof alongwith a supplemental deed of hypothecation; 5. Letter of Confirmation form L.444C. dated 3.11.77 Margin : 15%

The President requested the Governing Board to pass the necessary resolutions for continuance of the loan facility, to confirm the debit balance in the account, the documents executed and the security created in favour of the Bank in terms of the Form L.444C sent by the Bank. IT WAS RESOLVED AS FOLLOWS : 1. THAT the Stock Exchange do continue to borrow from the Bank from time to time by way of loan facility on terms as aforesaid and repayable on demand upto a limit of Rs.17,50,000/- with interest at 6% over Bank Rate minimum 15% per annum with quarterly rests or such other terms and at such other terms and at such other rate/s of interest, as may be notified by the Bank to the Stock Exchange from time to time. 2. THAT the Stock Exchange do confirm and acknowledge the debit balance in the account, the documents executed and the security created in favour of the bank, in terms of Form L.444 C sent by the bank,and that in token of such confirmation and acknowledgement, the Common Seal of the Stock Exchange be affixed to the said Form L.444

Page 3 of 7 C in presence of and the same may be signed on behalf of the Stock Exchange by Mr. Mathradas Samaldas, President, and Mr. Jivanchand R. Motishaw, Member of the Governing Board and countersigned by Mr. Amritlal J. Shah, Secretary of the Stock Exchange. 3. THAT the said loan account be operated upon and instructions concerning the same may be given by and any acknowledgements or confirmations of debt and /or security which may be required by the Bank may be given on behalf of the Stock Exchange as heretofore. 4. AND THAT a copy of the foregoing resolutions certified to be a true copy by the Chairman be furnished to the Bank.

13. The application dated 7-8-78 of Shri Kaikhushru Ardeshir Patel nominating Shri Naval Hormasji Patel as a member of the Stock Exchange in his own place was considered and after interviewing Shri Naval Hormasji Patel and his recommenders Shri H.P. Byramji it was resolved by 11 votes in favour and one against to elect Shri Naval Hormasji Patel as a member of the Exchange in the place of Shri Kaikhushru Ardeshir Patel, subject to the Rules and Regulations of the Exchange. 14. The application dated 31-7-78 of the near relatives of Shri Natverlal Jivanlal Desai nominating Shri Jaykishan Harkishan Bohra as a member of the Stock Exchange in the place of the late Shri Natwarlal Jivanlal Desai was considered and after interviewing Shri Jaykishan Harikishan Bohra and his recommenders S/Shri Mansukhbhai Maneklal and Satyanarayan Khaitan it was resolved by 11 votes in favour and 1 against to elect Shri Jayakishan Harikishan Bohra as a member of the Exchange in the place of the late Shri Natwarlal Jivanlal Desai, subject to the Rules and Regulations of the Exchange. 15. The application dated 24-8-78 of Shri Balubhai Tribhovandas Parekh nominating Shri Dilip Manharlal Parekh as a member of the Exchange in his own place was considered and after interviewing Shri Dilip Manharlal Parekh and his recommenders S/Shri Augrias Bhogilal Mehta and Hiralal Chunilal it was resolved by 10 votes in favour and none against to elect Shri Dilip Manharlal Parekh as a member of the Exchange in the place of Shri Babubhai Tribhovandas Parekh as a member of the Exchange subject to the Rules and Regulations of the Exchange. 16. The application dated 22-9-78 of Shri Balubhai Maganlal Choksey nominating Shri Dilip Kantial Choksey as a member of the Exchange in his own place was considered and after interviewing Shri Dilip Kantilal Choksey

Page 4 of 7 and his recommenders S/Shri Pankaj Ishwarlal Kapadia and Sumatilal Jamnalal it was resolved by 12 votes in favour and none against to elect Shri Dilip Kantialal Choksey as a member of the Exchange in the place of Shri Balubhai Maganlal Choksey, subject to the Rules and Regulations of the Exchange and on condition that for two years he should not do business in the market in his own name and even after that without taking permission of the Governing Board. 17. The application dated 18-9-78 of Shri Shivdas Thakarsi Kothari nominating Shri Mohammed Safi Barwadia as a member of the Stock Exchange in his own place was considered and after interviewing Shri Mohammed Safi Barwadia and his recommenders S/Shri V.K. Nanavati and Manubhai Maneklal it was resolved by 9 votes in favour and 3 against to elect Shri Mohammed Safi Barwadia as a member of the Exchange in the place of Shri Shivdas Thakarsi Kothari subject to the Rules and Regulations of the Exchange. 18. The Board considered the undermentioned tenders relating to Air- conditioning of our new building: 1. Chilling package, cooling tower, Pump-set etc : Voltas Rs. 54,87,000/-, Blue Star Rs.46,21,000/- Fric India Rs. 44,22,000/- 2. Air-handling Unit, Ducting, Grill, ventilation etc: Voltas Rs. 50,46,000/-; Blue Star –Rs. 44,91,000/-; Fric India Rs. 53,92,000/-, Musa Haji Patrawala Rs. 41,52,000/-. 3. Chiller Water pipe plumbing etc : Voltas Rs. 10,29,000/-; Blue Star –Rs. 9,48,000/-; Fric India Rs. 13,85,000/-Nipa Sanitation Rs. 9,99,000/-. 4. Electric Installation : Voltas Rs.6,89,000/-; Blue Star Rs. 7,25,000/-; Shah Electric Rs. 6,88,000/-. It was resolved to accept the tenders of Voltas for Chiller package etc., Moosa Haji Patrawala for Air-handling unit, ducting etc., Nipa Sanitation – for chiller water pipe, plumbing, etc., and Shah Electric – for electrical installation.

19. For aluminum windows and curtain galzing of our new building, the Board considered the tenders of – Godrej and Boyce Manufacturers Co. Pvt.Ltd. of Rs.50,00,000/-, Backlawel of India Ltd of Rs.50,55,720/-, Jupiter Window of Rs. 44,07,333/- and Ajit India of Rs.42,23,240/- and resolved that the tenders submitted by Jupiter window should be accepted.

Page 5 of 7 20. The Board considered the tenders for fire hydrant and sprinkler installation of our new building received from Firoze Karaka and Co., for Rs.8,25,622/-, Bamboat & Co. for Rs.9,96,375/-, Nariman Malasara & Co for Rs.10,63,548/-, Nipa Sanitation – Rs.11,55,710/-, Kuberji Deasi & Co – Rs.12,44,608/-, Doka Engineering – Rs. 12,51,435/-, Mather & Platt Rs.12,60,675/- and Vijay Machinery Stores Rs. 13,05,401/- and resolved that the tender of Firoz Karaka & Co should be accepted. 21. The application of Gujarat Machinery Manufacturers Ltd., for re-enlistment of its securities on the Exchange was considered and it was resolved to re- admit its equity in our list of Non-Cleared Securities and Preference Shares for trading on the Exchange and transaction lots of each kind of these shares was fixed at 5 shares. 22. The listing applications of the undermentioned companies for enlistment of their securities on the Exchange were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and such other special requirements stipulated by us, according to the conditions as may be deemed proper by the Chairman, their securities should be included in the list of Non-Cleared Securities and their trading lots should be fixed by the Chairman: The Indian Card Clothing Co.Ltd. Equity U.P. Twagi Fibre Glass Ltd. Equty Bharat Aluminums and Chemicals Ltd. Equity Papyrus Papers Ltd. Equity Gabriel India Ltd. Equity Andhra Pradesh Carbides ltd. Equity Industrial & Agricultural Engineering Co(Bombay) Ltd Equity Raprient Carbides Ltd. Equity Darjeeling Plantation Industries Ltd. Equity Hindustan Milk Food Manufacturers Ltd. Equity Caprihans (India) Ltd. Equity Hathiwa Vanaspati ltd. Equity Metal Box Co. of India Ltd. Equity Metal Box Co. of India Ltd. 7.75% of Debentures Metal Box Co. of India Ltd. 10.5% Bonds Bharat Steel Tubes Ltd. 11% Preference shares. 23. It was unanimously resolved that as merger has taken place of A.E.W. Jenisys with Payer Talbrose Ld., International Tractor Co. of India ltd., with

Page 6 of 7 Mahindra and Mahindra Ltd and T.Maneklal & Co., ltd, with S.M. Maneklal Industries Ltd; securities of A.E.W. Jenisys Ltd and T. Maneklal Manufacturing Co.Ltd., should be removed from our list of securities traded on the Exchange. 24. It was unanimously resolved that as the undermentioned companies have not yet paid the Annual Listing Fee for the year 1978 though repeatedly demanded their securities should be removed from our list of securities traded on the Exchange if they do not pay up the fee before 27-11-78: 1. Associated Pulp and Paper Mills Ltd. 2. Asian Dehydrates Ltd. 3. Asiatic Oxygen Ltd. 4. Century Iron & Steels Ltd. 5. Hemkut Industrial Investment Co. Ltd. 6. Indo-American Electricals Ltd. 7. Ipco Paper Mills Ltd. 8. Jaipur Metals and Electricals Ltd. 9. Kothari Sugars and Chemicals Ltd. 10. Kerala Rubber and Reclams Ltd. 11. Katihar Jute Mills Ltd. 12. Laxmiratan Engineering Works Ltd. 13. Malbar Steamship Co. Ltd. 14. Mrathwada Alloy Steels Co.Ltd. 15. New board Manufacturing C. Ltd. 16. Nalanda Ceramics and Industries Ltd. 17. Standard Motor Products of India Ltd. 18. Trimurti Agro Chemicals ltd. 19. Unicorn Tyres Ltd. 20. Vijaywada Bottling Co. Ltd. 21. Willard India Ltd.

Sd/- Sd/- A.J. Shah Mathradas Samaldas Secretary President

Dt.: 19-12-78

Page 7 of 7 Tuesday, 19-12-1978

A meeting of the Governing Board of the Stock Exchange was held today at 3.00 PM under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned members of the Board were present :

Seth Mathradas Samaldas Seth Vasantlal Jivantlal Seth Phiroze J Jeejeebhoy Seth Bhupendra Champaklal Devidas Seth Vasantlal Kantilal Shah Seth J.R Motishaw Seth Laldas Jamnadas Seth Jayantilal Rangildas Khandwala Seth Navinchandra Chhaganlal Kampani Seth Jasvantlal Chhotalal Seth Jayant Amerchand Seth Purshottam Gopiram Seth Rasiklal Maneklal Seth Chhotalal Devchand Parekh

Government Nominees Shri M . L Chawla

The following business was transacted in the meeting :

1. The application dated 10-11-78 of the society for vocational Rehabilitation of the retarded was considered and it was resolved to give a donation of Rs.101/- to it.

2. The letter dated 20-11-78 of Smt Pushpaben Kantilal Joshi was considered and it was resolved that the Provident Fund amount of Rs. 36,130.40 and the gratuity of Rs. 19,187.50 due to the Late Shri Kantilal J Joshi should be paid to Smt Puspaben Kantilal Joshi.

3. The letter dated 14-12-78 of Mr. Hamal Sambhaji Ganpat was considered and it was resolved to permit him to retire from 1-1-79 and pay to him his accumulated Provident Fund amount of Rs. 14,924.30 and Gratuity of Rs. 11,125/-.

Page 1 of 7 4. The application of our office clerks S/Shri T G Babu and K. Ambujakshau dated 30-11-78 and 13-12-78 respectively for giving them assistance of the medical treatment expenses incurred during their sickness were considered and it was resolved to give each of them help of Rs.81/- from Seth K R P Shroff Stock Exchange Sarvajanik Fund.

5. The application for locks of undermentioned staff were considered and it was resolved to give them loans as mentioned against their names below:

a. Shri Nariman N Dubash Rs. 4,500/- b. Shri Vijay Narayan Rs. 2,000/- c. Shri V T Manjrekar Rs. 4,000/- d. Shri Raghunath Krishnaji Rs. 4,000/- e. Shri Balkrishna Yashwant Rs. 1,500/- f. Sweeper Chhangaram Gangaram Rs. 2,500/-

6. The letter dated 13-11-78 of S/Shri Manharlal B Parekh and Dilip Manharlal Parekh was considered and it was resolved to give them permission to continue the business of M/s Balubhai T Parekh for one month.

7. The applications for undermentioned partnerships were considered and they were approved :

Name of the Partnership Firm Names of Partners Date of Partnership

M/s Maganlal T Vora Shri Maganlal Tribhovandas Vora 1-11-78 Shri Harendra Maganlal Vora

M/s Balubhai Tribhovandas Shri Manharlal Balubhai Parekh 13-11-78 Parekh Shri Dilip Manharlal Parekh Shri Mukesh Manharlal Parekh

Page 2 of 7 8. The letter of the undermentioned members were read and it was resolved to approve the permission given for doing business as Representative Members as mentioned below :

Nominating Member Representative Member Shri Satyanarayan Mangilal Khaitan Shri Jaikishan Harikishan Bohra Shri N M Parikh Shri Dilip Kantilal Choksey

9. The letter dated 8-12-78 of Shri Jeram Thakarsi Halai for settling his expulsion and allowing him to do business as he had made settlement with his creditors as well as the letter dated 12-11-78 of his Solicitors M/s Nalin Shah & Co about the same were considered and it was resolved that their request cannot be acceded to. Besides their attention should be drawn to the Board’s resolution dated 10-9-78 about which they were informed on the same date by letter.

10. The letter dated 21-12-78 of Shri Jeram Thakarsi Halai for filling his application in the Board in connection with the amount of about Rs. 550/- on account of difference in rates of 100 Dunlop Shares against M/s Jamnadas Virji and Sons and the amount of Rs. 62.50 on account of call on 25 Agro Farm Shares against Shri Pankaj I. Kapadia was considered and it was resolved to inform him in writing that his request cannot be acceded to under the Stock Exchange Rules and Regulations.

11. Holidays of our Association for the year 1979 were fixed.

12. The application dated 12-10-78 of the near relatives of the late Shri Kantilal Kakalbhai Dasadia nominating Shri Gandhi Ramanlal Manilal as a member of the Exchange in the place of the late Shri Kantilal Kakalbhai Dasadia was considered and after interviewing Shri Gandhi Ramanlal Manilal and his recommenders S/Shri Dhanesh T Gandhi and Manubhai Maneklal it was resolved by 13 votes in favour and none against to elect Shri Gandhi Ramanlal Manilal as a member of the Exchange in the place of the late Shri Kantilal Kakalbhai subject to the Rules and Regulations of the Exchange.

Page 3 of 7

13. The application dated 12-10-78 of Shri Pravin Mangaldas Choksey nominating Shri Nalin Pravin Choksey as a member of the Exchange in his own place was considered and after interviewing Shri Nalin Pravin Choksey and his recommenders S/Shri Champaklal Babubhai Marfatia and J. M Dalal , it was resolved by 13 votes and none against to elect Shri Nalin Pravin Choksey as a member of the Exchange in the place of Shri Pravin Mangaldas Choksey, subject to the Rules and Regulations of the Exchange on condition that he should not do business in the market in his own name for a period of two years and even thereafter he should not do business in his own name without obtaining the permission of the Governing Board.

14. The application dated 24-10-78 of Shri Minoo Navroji Gandhi nominating Shri Vinay Chauhan Maganlal Shah as a member of the Exchange in his own place was considered and after interviewing Shri Vinay Chandra Maganlal Shah and his recommenders S/Shri Hiralal Chunilal and Priyakant N Dalal it was resolved by 13 votes in favour and none against to elect Shri Vinay Chandra Maganlal Shah as a member of the Exchange in the place of Shri Minoo Navroji Gandhi, subject to the Rules and Regulations of the Exchange on condition that he should not do business in the market in his own name for two years.

15. The application dated 17-10-78 of Shri Ishwarlal Chunilal Parekh nominating Shri Jagdishchandra Laxmidas Shah as a member of the Exchange in his own place was considered and after interviewing Shri Jagdishchandra Laxmidas Shah and his recommenders S/Shri Babubhai Fulchand Jhavei and Dhavesh T Gandhi it was resolved by 13 votes in favour and none against to elect Shri Jagdishchandra Laxmidas Shah as a member of the Exchange in the place of Shri Ishwarlal Chunilal Parekh, subject to the Rules and Regulations of the Exchange.

16. The applications dated 6-11-78 of the near relatives of the late Shri B.V. Advani nominating Shri Niranjan Ranchhoddas Shah as a member of the Exchange in the place of the late Shri B V Advani was considered and after interviewing Shri Niranjan Ranchhoddas Shah and his recommenders S/Shri

Page 4 of 7 Hasmukh Nanalal Jhaveri and Manubhai Maneklal it was resolved by 13 votes in favour and none against to elect Shri Niranjan Ranchhoddas Shah as a member of the Exchange in the place of the late Shri B V Advani , subject to the Rules and Regulations of the Exchange.

17. The application dated 22-11-78 of the near relatives of the late Shri Manmohandas Kashavdas, nominating Shri Tribhovandas Keshavdas as a member of the Exchange in the place of late Shri Manmohandas Keshavdas was considered and after interviewing Shri Tribhovandas Keshavdas and his recommenders S/Shri Manharlal Laxmidas and Nagindas Pranjivandas, it was resolved by 13 votes in favour and none against to elect Shri Tribhovandas Keshavdas as a member of the Exchange in the place of the late Shri Manmohandas Keshavdas, subject to the Rules and Regulations of the Exchange.

18. The application dated 1-12-78 of Shri Shantichand Nanubhai Jhaveri nominating Shri Rajnikant Nanubhai Jhaveri as a member of the Exchange in his own place was considered and after interviewing Shri Rajnikant Shantichand Jhaveri and his recommenders S/Shri A. R. Jhaveri and Rasiklal Manilal Shah it was resolved by 13 votes in favour and none against to elect Shri Rajnikant Shantichand Jhaveri as a member of the Exchange in the place of Shri Shantichand Nanubhai Jhaveri, subject to the Rules and Regulations of the Exchange.

19. Resolved that Ceramic Kent Tiles should be fitted on the outside of our new building and Mosaic Tiles should be used for the flooring and the necessary arrangements should be made for that work.

20. Resolved that after deducting the current year’s expenses from the current year’s income of the Stock Exchange Education and Research Services, the estimated remaining excess amount should be donated to Nehru Centre which has been approved under Section No 35 (1) (2) of the Income Tax Act for Scientific Research. And if possible, approximately the same amount should be donated to it next year also.

Page 5 of 7 21. The letter dated 7-12-78 of Willard India Ltd was read and it was unanimously resolved that as the company has paid up the Annual Listing Fee for the year 1978, its Equity and Preference Shares should be again admitted to our Non Cleared Securities List and transactions in those Shares should be done lots of 50 shares and 5 shares respectively.

22. The Listing applications of the undermentioned companies were considered and it was resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and such other special requirements stipulated by us, according to the conditions as may be deemed proper by the Chairman, their securities should be included in the list of Non Cleared Securities and their trading lots should be fixed by the chairman.

Parekh Distributors Ltd Equity Hindustan Development Corporation Ltd Equity Molins of India Ltd Equity Colgate Palmolive (India) Ltd Equity Reliance Chemotax Industries Ltd Equity Lipton Tea (India) Ltd Equity Tirupati Woollen Mills Ltd Equity Usha Oil Udayog Ltd Equity Mangalam Cement Ltd Equity

23. The letters dated 1-12-78 and 2-12-78 respectively of the Southern Borax Ltd and Bharat Nidhi Ltd were considered and it was unanimously resolved to remove their securities from our list of securities traded on the Exchange as the companies do not wish to continue listing.

24. The letter dated 16-12-78 of the Thane Electric Supply Co Ltd was read and it was unanimously resolved that its ‘A’ and ‘C’ class Debentures should be removed from our list of Securities traded on the Exchange as the said Debentures have been redeemed.

Page 6 of 7 25. The letter dated 4-11-78 of Shree Gopal Industries was read and it was unanimously resolved to remove its shares from our list of securities traded on the Exchange as the Company has been merged with Maharaja Shree Umaid Mills Ltd.

26. Resolved that Rs. 1,30,000/- should be donated to the Stock Exchange Foundation for Social Science Research

Sd/- Sd/- A J Shah Mathradas Samaldas Secretary President

Dt 18-1-79

Page 7 of 7 Thursday, 18-1-79 A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 p.m. under the Chairmanship of Seth Mathradas Samaldas wherein the under mentioned members of the Board were present:

Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Phiroze J. Jeejeebhoy Seth Bhupendra Champaklal Devidas Seth Jasvantlal Chhotalal Seth J. R. Motishaw Seth Vasantlal Kantilal Shah Seth Ashok kumar Girdharilal Fozdar Seth Laldas Jamnadas Seth Jayantilal Rangildas Khandwala Seth Navinchandra Chhaganlal Kampani Seth Purshottam Gopiram Ruiya Seth Jayant Amerchand Seth Chhotalal Devchand Parikh

Shri L. R. Manjal of Government of India, Ministry of Finance, Stock Exchange Division, was present by invitation

The following business was transacted in the meeting:

1 The application dated 4-1-79 of the Bombay Deaf and Dumb Institution was considered and it was resolved to give it a donation of Rs. 101/-.

2 The application dated 16-1-79 of our typist Shri B. L. Desai for giving his assistance towards the expenses of Rs. 879/30 incurred by in connection with the operator of Harnia was considered and it was resolved to give him assistance of Rs. 875/- in that respect from Seth K.R.P. Stock Exchange Saruvajanik Fund.

3 The application of our liftman Sitaram Vitthal to give him assistance towards the expenses of Rs. 601/45 incurred by him for treatment of arthritis of joints was considered and it was resolved to give him, assistance of Rs. 600/- in that respect from K.R.P. Shroff Stock Exchange Sarvajanik Fund.

4 Due to the demise of Shri Chinubhai C. Dalal on 13-12-78 his partnership in the firm of M/s. Chimanlal J. Dalal & Co. has ceased from that date, as informed by the letter date 19-12-78 of the remaining partners of the firm. The Board perused the said letter and noted it.

Page 1 of 7 5 Due to the demise of Shri Chandrakant Jagabhai has partnership in the firm M/s. Amratlal Mohanlal has ceased, from 22-12-78 as informed by the letter dated 4-1-79 of the remaining partners which was noted by the Board.

6 The letter dated 24-12-78 of S/Shri Indravadan Ranchhoddas Shah, Narayan Ranchhoddas Shah and Dhanvant Indravadan Shah was considered and it was resolved that their partnership under the firm of M/s. Ranchhoddas Sheshkaram should be approved with the effect from 1-1-1979.

7 The letter dated 13-12-78 of S/Shri V. K. Nanavati and M. S. Barwadia were read and it was resolved that the permission given to Shri S. M. Barwadia to do business as a Representative Member of Shri V. K. Nanavati should be approved.

8 The application dated 23-12-1978 of the near relatives of the late Shri Satyanarayan Bhuramal nominating Shri Akheraj Narayandas Nangal as a member of the Exchange in the place of the late Shri Satyanarayan Bhuramal was considered and after interviewing Shri Akheraj Narayandas Nangal and his recommenders S/Shri B. R. Dharnidharka and P. R. Shah it was resolved by 13 votes in favour and none against to elect Shri Akheraj Narayandas Nangal as a member of the Exchange in the place of the late Shri Satyanarayan Bhuramal, subject to the Rules and Regulation of the Exchange.

9 The Board considered the tenders for the Fire Alarm System of our new building of M/s. Kunerji Deusl – F-7 Detectors - Rs. 8,82,075/-, F-5 Detectors - Rs. 9,01,625/- and of Nitin Detectors – Rs. 7,37,110/- , Mother and Plant F- 7 Detectors – Rs. 8,04,150/-, and Niru Detectors – Rs. 8,27,950/-, Southern Electronics Rs. Rs. 8,72,400/- and of Vijay Machinery Co. – Rs. 7,47,900/- and resolved to accept the tender of Rs. 7,37,11/-.

10 RESOLVED THAT pursuant to the resolution passed at the general meeting of the members of The Stock Exchange held on 18 th of November, 1978, the Exchange do borrow a sum of Rs. 2,45,00,000/-(Rs. Two Crores Forty Five Lakhs only) for purpose of development and construction of the Stock Exchange new building at the junction of Dalal Street, Apollo Street and Hamam Street and do create a mortgage favour of Bank of Baroda (hereinafter referred to as ‘the bank’) on all the immovable properties of the Exchange situate at the junction of Dalal Street, Apllo Street and Hamam

Page 2 of 7 Street together with the existing building, the building under construction and building to be hereafter constructed to secure the aforesaid loan of Rs. 2,45,00,000/- (Two Crores Forty Five Lakhs Only) and interest theron art the rate of 14% p.a. and all other moneys payable in respect thereof ranking pari passu with the mortgage created or to be crated in favour of other parties SUBJECT HOWEVER TO.

(i) the prior charge in respect of the 8% Debenture Stock, 1981-86, created and issued by the Exchange for the principal sum of Rs. 2 Crores, the term and condition of issue of which Debenture Stock are set forth in the trust deed dated the 16th day of June, 1972, together with interest and all other money payable as well as any renewal with or without modification in respect thereof and subsequent charge in favour of Central Bank of India and/or other parties securing a sum not exceeding Rs. 75 lakhs in the aggregate advanced by them to the Exchange together with interest and all other moneys payable in respect thereof;

(ii) the proviso that the amount advanced by Central Bank of India and / or other parties as aforesaid and outstanding at any given time together with the amount secured under mortgage as aforesaid for the benefit of the Bank and under mortgage of mortgages in favour of other lenders at any given time shall not exceed Rs. 5 Crores in the aggregate; and

(iii) the right of of the Exchange to demolish the temporary structures and the Applo Street building and the right to lease premises in the said new building under construction for a period upto 20 years.

FURTHER RESOLVED THAT the Exchange do execute an Unattested loan Agreement with the Bank in respect of the said sum of Rs. 2,45,00,000/- (Rupees Two Crores forty Five Lakhs only) on condition that same be repaid by the Exchange within a period of 10 years by fixed equal quarterly instalments of principal and interest @ 14% p.a. on the average of the reducing balance of the principal amount, the the fixed equal quarterly installment for on advance of Rs. 1,00,000/- (Rupees One Lakh only) being Rs. 4,264/70 ( Rupees Four

Page 3 of 7 thousand two hundred sixty four paise seventy only) i.e. Rs. 2,500/- towards principal nad Rs. 1,764/70 towards interest.

FURTHER RESOLVES THAT the Exchange along with the trustees of the Stock Exchange to execute in favour of the Bank an irrevocable Power of Attorney authorizing the Bank to create such mortgage on behalf of the Exchange and the Stock Exchange Trustees and also to do and execute such other deeds documents and writing as the Bank may requires from time to time.

FURTHER RESOLVED THAT the said Unattested loan agreement and the said irrevocable Power of Attorney (the draft of which are placed before this meeting of the Governing Board and initialed by the President for Identification) and all other necessary documents required for the purposes aforesaid be signed on behalf of the Stock Exchange by Shri Mathradas Samaldas, the President, of the Stock Exchange and of its Governing Board, and Shri Jivanchand Ratanchand Motishaw, Shri Rasiklal Maneklal, Shri Dhirajlal Maganlal and Shri Jayant Amerchand, the Trustees of the Exchange.

LASTLY RESOLVED THAT for the purpose aforesaid the Trustees of the Exchange be requested to do all such acts, deeds, matters and things and execute such deeds, documents, agreements and writing as maybe necessary in that behalf.

11 RESOLVED THAT pursuant to the resolution passed at the General Meeting of the Members of the Stock Exchange held on the 18 th of November, 1978, the Exchange do give on lease to Bank of Baroda (hereinafter referred to as ‘the Bank’) the herein below mentioned in the Stock Exchange new building now under construction namely; (a) portion of the ground floor (East) abutting on Dalal Street together with the mezzanine floor admeasuring 650sq. meters (i.e. 7,000 sq. ft.) of thereabouts together with a contiguous portion admeasuring 465 sq. meters (i.e. 5,000 sq. ft.)or thereabouts as and when the same is ready in lieu whereof and till it is ready would be substituted a porting of the first floor (east) abutting on Dalal Street admeasuring 465 sq. meters (i.e. 5,000 sq. ft. ) or thereabouts: (b) First to sixth floors above the intermediate services floor in the tower block each admeasuring 790 sq. meters (i.e. 8,500 sq. ft. or thereabouts with option to Exchange and if the Bank so desires, to substitute in lieu of the said sixth floor a portion of the ground floor abutting on Hamam Street together with the mezzanine floor

Page 4 of 7 admeasuring 650 to 750 sq. meters (ie. 7,000 to 8,000 sq. ft.) or thereabouts as and when the same is ready: (c.) safe deposit vault in the first basement (east) asmeasuring 93 sq. meters (i.e. 1,000 sq.ft.) or thereabouts for a term of ten years certain with option to the Bank to renew the lease for a further term of five years at the monthly rent of Rs. 3.25, Rs. 2.20 and Rs. 1.80 per 0.0929 sq. meter (i.e. per sq. ft.) for (a) above, for the tower floors at (b) above and for (c.) above respectively and on the term and conditions set out in the Agreement for lease with the Draft Deed of Lease annexed thereto.

FURTHER RESOLVED THAT the said Agreement for lease with the Draft Deed of lease annexed thereto (the draft of which is placed before this meeting of the Governing Board and initialed by the President for identification) and all other necessary documents required for the purposes aforesaid be signed on behalf of the Stock Exchange by Shri Mathradas Samaldas, the President of the Exchange and of its Governing Board, and by shri Jivanchand Ratanchand Motishaw, Shri Rasiklal Maneklal, Shri Dhirajlal Maganlal and Shri Jayant Amerchand, the Trustees of the Exchange.

LASTLY RESOLVED THAT for the purposes aforesaid the Trustees of the Exchange be requested to do all such acts, deeds, matters and things and execute such deeds, documents, agreements and writing as may be necessary in that behalf.

12 RESOLVED THAT pursuant to the resolution passed at the general meeting of the members of The Stock Exchange held on the 18 th of November, 1978, the Exchange do provide and / or supply and / or cause to be provide and / or supplied to Bank of Baroda (hereafter referred to us ‘the Bank’) amenities, services and facilities in respect of the premises in the Stock Exchange new building now under construction agreed to be taken on lease by the Bank for the period co-extensive and co-terminus with the period of the lease or any renewal thereof at the following rates respectively for the ground (including mezzanine) and first floors, for the towers floors and for safe deposit vault in the first basement, namely, (a)Rs. 2.10, Re. 1.75, and Re. 1.75 per 0.0929 sq. meter (i.e. per sq. ft.) for air-conditioning service, (b) Rs. 2.20, Rs. 2.20 and Re. 1.80 per 0.929 sq. meter (i.e. per sq. ft.) for other special amenities and services , and (c.) Re. 1.50, Re. 1.50 and Re. 0.70 per 0.929 sq. meter (i.e. per sq. ft.) for other services and facilities on the terms and conditions set out

Page 5 of 7 in the Agreement for Over-all Special Amenities, Services and Facilities and the Draft Deed annexed thereto.

FURTHER RESOLVE THAT the said agreement for Over-all Special Amenities, Services and Facilities together with Draft Deed annexed thereto (the Draft of which is placed before this meeting of the Governing Board and initialed by the President for identification) and all other necessary documents required for the perpose aforesaid be signed on behalf of the Stock Exchange by Shri Mathradas Samaldas, the President of the Exchange, and of its Governing Board and by Shrii Jivanchand Ratanlal Morishaw, Shri Rasiklal Maneklal, Shri Dhirajlal Maganlal and Shri Jayant Amerchand the Trustees of the Exchange.

LASTLY RESOLVED THAT for the purposes aforesaid the Trustees of the Exchange be requested to do all acts, deeds, matters and things and execute such deeds, documents, agreements and writing as may be necessary in that behalf.

13 Resolved that Shri Mathradas Samaldas, the President of the Exchange and of its Governing Board, do sign on behalf of the Stock Exchange and its Governing Board along with Shri Jivchand Ratanchand Motishaw, Shri Rasiklal Maneklal, Shri Dhirajlal Maganlal, and Shri Jayant Amerchand, the Trustees of the Exchange, who may be requested to do so, a letter addressed to Bank of Baroda recording certain terms in respect of the loan Agreement for lease and Agreement for Over-all Special Amenities, Services and Facilities with the Bank as per letter the draft of which is placed before this meeting of the Governing Board and initialed by the President for identification.

14 RESOLED THAT a Current Account be opened with Bank of Baroda, Fort, Bombay in the name of the Stock Exchange, Bombay, and that the said Account be operated jointly by the President, Shri Mathradas Samaldas, or the Chairman Shri P. J. Jeejeebhoy, or the Vice-President, Shri Vasantlal Champaklal, or the Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani and by any one of the following six Members of the Governing Board, namely Shri J. R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvant Chhotalal, and Shri. A.R. Mahadevia and be countersigned by the Secretary, Shri A. J. Shah, and in his absence by Shri S. N. Karaka or Shri. M. D. Vyas.

Page 6 of 7 15 The appeal of M/s. Keshavdas Pranjivandas against the awards of the Full Bench of the Arbitrator Committee in their dispute with M/s. Jamnadas Virjee & Sons regarding 3,300 Bishnath Tea Shares was heard. After hearing both the parties it was resolved to uphold the award of the Full Bench of the Arbitration Committee.

16 The Listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations, as well as compliance with the usual requirement and such other special requirement stipulated by us and the conditions as may be deemed proper by the Chairman, their under mentioned securities should be included in our list of cleared securities and their trading lots should be fixed by the Chairman

Transpack Industries Ltd. Equity Assam Co. (India) Ltd. Equity Naran Tea Co. (India) Ltd. Equity The Atlas Cycle Industries Ltd. Equity Sehgal Papers Ltd. Equity Ashok Leyland Ltd. Equity Economic Development Corporation of Goa, Daman 6¼% Bonds and Diu Ltd. (1989)

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President

Date: 20-2-79

Page 7 of 7 Tuesday, 20-2-79

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 PM under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned members of the Board were present :

Seth Mathradas Samaldas Seth Vasantlal Jivantlal Seth Phiroze J Jeejeebhoy Seth Bhupendra Champaklal Devidas Seth Jasvantlal Chhotalal Seth J.R Motishaw Seth Vasantlal Kantilal Shah Seth Ashokkumar Girdharlal Fozdar Seth Navinchandra Chhaganlal Kampani Seth Jayantilal Rangildas Khandwala Seth Jayant Amerchand Seth Purshottam Gopiram Ruia Seth Rasiklal Maneklal Seth Chhotalal Devchand Parekh

Government Nominees Shri J.G.Gogte

The following business was transacted in the meeting :

1. The application of Badipara Harijan Yuval Mandal dated 14-2-79 was considered and it was resolved to donate Rs. 101/- to it.

2. The application dated 14-2-79 of Smt. Pushpaben Kantilal Joshi was considered and it was resolved to give her assistance of Rs.700/- from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund.

3. The application dated 17-2-79 of our sepoy Mahadev Ramchandra was considered and it was resolved to give him assistance of Rs.123.60 from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund for medical expenses incurred by him during his sickness.

Page 1 of 5 4. The applications for loans was considered of our undermentioned office staff were considered and it was resolved to give them loans as shown below against their respective names:

Shri M.K. Shivraman Rs. 6,000/- Shri J.K. Quadros Rs. 3,000/- Sepoy Govind M. Khatale Rs. 5,000/- Liftman Tukaram Laxman Rs. 600/- Sweeper Bhagwan Tiloo Rs. 5,000/-

5. The letter dated 18-1-79 of Shri Tribhovandas Keshavdas for giving him one month’s more time for complying with the conditions for admission to membership of the Exchange was considered and it was resolved to give him one month’s more time for that.

6. The applications for undermentioned partnerships were considered and the partnerships were approved :

Name of the Partnership Firm Names of Partners Date of Partnership M/s M.K. Choksey & Co. Shri Ramesh Dhirajlal Choksey 25-1-70 Shri Kisan Ratilal Choksey Shri Ashok Ratilal Choksey Shri Ramesh Ratilal Choksey Shri Nalin Pravin Choksey

M/s Keshavlal Pranjivandas Shri Tribhuvandas Keshavdas 2-2-70 Shri Deven Tribhuvandas Shri Pradip Manmohandas

7. The letters of the undermentioned members were read and it was resolved to approve the permission given for working as Representative Members as shown below : Nominating Member Representative Member M/s Vadilal Rajpal Mehta Shri Devidas Jamnadas Shri Basudev Rameshwarlal Dharnidharka Shri Akheraj Narayandas Nangal

Page 2 of 5

8. The letter dated 14-2-79 of M/s Hiralal Liladher was considered and it was resolved to give them work as official brokers and underwriters on condition that their total underwriting liability for one or more than one issues at any point of time should not be more than Rs. 50,000/-.

9. As regards the application dated 8-1-79 of the near relatives of the late Shri Shrilal Podar nominating Shri Madanlal Banwarilal Jhaveri in the palce of the late Shri Shrilal Podar their letter dated 19-2- 79 withdrawing the aforesaid application was read and taken note of.

10. The application dated 18-1-79 of Shri Chunilal Keshavji nominating Shri Bansilal Balubhai Shah as a member of the Exchange in his place was considered and after interviewing Shri Bansilal Balubhai Shah and his recommenders S/Shri Jitendra Champaklal and S.J. Palejwalal it was resolved by 6 votes in favour and 7 votes against that he cannot be admitted as a member of the Exchange.

11. The application dated 13-1-79 of the near relative of the late Shri Chandrakant Jugalbhai Sheth nominating Shri Sumanchandra Jugalbhai Sheth as a member of the Exchange in the place of the late Shri Chandrakant Jugalbhai Shah was considered and after interviewing Shri Sumanchandra Jugalbhai Sheth and his recommenders S/Shri Chimanlal Amratlal and Rajnikant C. Sheth it was resolved by 13 votes in favour and none against to elect Shri Sumanchandra Jugalbhai Sheth as a member of the Exchange in the place of the late Shri Chandrakant Jugalbhai Sheth, subject to the Rules and Regulations of the Exchange.

12. Resolved that Friday, 23-7-79 should be fixed as the day for election of the Governing Board for the year 1979-80.

13. The Board took noted of the agreements with the Bank of Baroda, with which our Trustees have also been parties for loan, lease and services in respect of the space in our new building under construction and resolved that

Page 3 of 5 agreements on the same lines should again be made with the General Insurance Corporation of India.

14. Resolved that note has been taken of the letter dated 10-8-78 of the Trustees of our Debenture Stock giving their consent to the arrangements regarding giving to the Bank of Baroda space in our new building under construction and the Bank giving loan to the Stock Exchange.

15. The letter dated 3-2-79 of M/s B.E. Bilimoria & Co., to their contract for civil work in our new building was considered and it was resolved to permit them to give up the contract as the contracted work was getting diminished because of using mosaic tiles instead of kota stones for flooring, etc.

16. The letter dated 16-1-79 of Suessen Textile Bearings Ltd., was considered and it was resolved to change the trading lot of its equity shares and make it of 25 shares.

17. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements, other special requirements stipulated by us and the conditions deemed proper by the Chairman, their undermentioned securities should be included in our list of Non-Cleared Securities and their trading lots should be fixed by the Chairman:

Solid State Devices India Ltd. Equity shares Elora Paper Mills Ltd. Equity shares S.B. Properties and Enterprises Ltd. Equity shares Rang Kala Investments Ltd. Equity shares Shree Rani Sati Investment and Equity shares Finance Ltd. Spains Worth Balance Ltd. Equity shares and Preference shares.

18. The letters of the undermentioned companies were read and it was unanimously resolved that their securities should be removed from our list of

Page 4 of 5 securities traded on the Exchange as they do not want to continue their listing: South India Sugars Ltd. Madhya Pradesh Alidyogie Vikas Nigam Ltd.

19. The letter dated 31-1-79 of Gujarat Tractor Corporation Ltd., was read and it was unanimously resolved to remove the shares of Hindustan Tractors Ltd., from the list of securities traded on the Exchanges as that company has been merged with the Gujarat Tractor Corporation Ltd.

20. Unanimously resolved that the undermentioned securities should be removed from the list of securities traded on the Exchange as they have been redeemend: Aryodaya Mills Ltd. Preference Shares Padamji Pulp & Paper Mills Ltd. 9.5% of preference shares

Sd/- Sd/- A J Shah J.R. Motishaw Secretary President

Dt:

Page 5 of 5 Tuesday, 8-5-79

A meeting of the Governing Board of the Stock Exchange was held today at Stock Exchange 3.00 PM under the Chairmanship of Seth J.R. Motishaw in the beginning and subsequently under the Chairmanship of Shri Mathradas Samaldas wherein the undermentioned members of the Board were present :

Seth Mathradas Samaldas Seth Vasantlal Jivantlal Seth Phiroze J Jeejeebhoy Seth J.R Motishaw Seth Vasantlal Champaklal Seth A. R.Mahadevia Seth Jasvantlal Chhotalal Seth Ashokkumar Girdharlal Fozdar Seth Vasantlal Kantilal Shah Seth Jayantilal Rangildas Khandwala Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth Rasiklal Maneklal Seth Chhotalal Devchand Parekh

Government Nominees Shri M.R. Mayya Shri M.L. Chawla Shri J.G.Gogte

The following business was transacted in the meeting :

1. Proposed by Seth Jayant Amerchand and supported by Seth Purshottam Gopiram Ruiya, Shri J. R. Motishaw was unanimously elected as the Chairman of today’s meeting.

2. Proposed by Seth J.R. Motishaw and supported by Seth Jayant Amerchand it was unanimously resolved to elect Seth Mathradas Samaldas as the President. Seth J.R. Motishaw handed over the Chairman’s seat to Seth Mathradas Samaldas. Seth Mathradas Samaldas thanked for the trust reposed in him by all the members of the Governing Board and while expressing his sense of gratitude

Page 1 of 10 for the support and co-operation given to him last year by all the members of the Governing Board and Government nominees expressed hope that they would continue to give their support and co-operation likewise during the current year also.

3. Proposed by Seth Rasiklal Maneklal and supported by Seth Jayant Amerchand it was unanimously resolved to elect Shri Vasantlal Champaklal as the Vice- President.

4. Proposed by Seth A.R. Mahadevia and supported by Seth Vasantlal Kantilal it was unanimously resolved to elect Seth Navinchandra Chhaganlal Kampani as the Hon. Treasurer.

5. Resolved that the undermentioned persons be nominated as members of the Arbitration Committee for the year 1979-80:

Shri Keki N. Chinoy Shri V.K. Nanavati Shri Jayantilal M. Dalal Shri Jayendra D. Mehta Shri Champaklal Balubhai Marfatia Shri Rasiklal S. Jhaveri Shri D.V. Shukla Shri Govindbhai B. Desai Shri Hariam Dwarkadas Shri Jitendra Champaklal Mashruwala Shri Bhagubhai Amthalal Gandhi Shri Ramdas Lallubhai Shri S.M. Shah Shri Shirish Chimanlal Dave Shri Nagindas Trambaklal Parekh Shri Kirtilal K. Shah

6. Resolved that the undermentioned persons should be nominated as members of the Defaulter Committee for the year 1979-80:

Shri Jayant Amerchand Shri Jayantilal Mansukhlal Dalal Shri Vasantlal Kantilal Shah Shri Rasiklal S. Jhaveri Shri Jasvantlal Chhotalal Shri Nagindas Trambaklal Parekh

Page 2 of 10 7. Resolved that Sir Shapoorji Broadia Brokers’ Helping Fund Committee should be constituted of S/Shri J.R. Motishaw, Mathradas Samaldas, Vasantlal Champaklal and Dhirajlal Maganlal.

8. Resolved that the Building Committee should be nominated consisting of S/Shri Mathradas Samaldas, Vasantlal Champaklal Mashruwala, J.R. Motishaw, Jayant Amerchand, Rasiklal Maneklal, Vasantlal Kantilal Shah and Jasvantlal Chhotalal.

9. “Resolved that cheques be signed by the President, Shri Mathradas Samaldas, or the Chairman, Shri P.J. Jeejeebhoy, or the Vice-President, Shri Vasantlal Champaklal, or the Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani and any one of the following Six Members of the Governing Board namely, Shri J.R.Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A.R.Mahadevia, and be countersigned by the Secretary Shri A.J.Shah, and in his absence by Shri S.N.Karaka or Shri M.D.Vyas.”

10. “Resolved that the various Accounts and Safe custody Accounts of the Exchange with Bank of India be operated on jointly by the President, Shri Mathradas Samaldas, or the Chairman, Shri P.J. Jeejeebhoy or the Vice- President, Shri Vasantlal Champaklal, or the Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani and by any one of the following six members of the Governing Board, namely, Shri J.R.Motishaw, Shri Rasiklal Maneklal, Shri Jasvantlal Chhotalal and Shri A.R.Mahadevia and be and countersigned by the Secretary,Shri A. J. Shah and in his absence by Shri S.N.Karaka or Shri M.D.Vyas.”

11. “Resolved that the Current Accounts and the safe Custody Accounts with Bank of India in the name of the Stock Exchange staff Provident Fund and the Stock Exchange Staff Gratuity Fund be operated on either by any two of the Trustees of the Exchange for the time being or the survivors or survivor of them or jointly by the Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani, and any one of the following six members of the Governing Board,

Page 3 of 10 namely, Shri J.R.Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal Kantilal Shah, Shri Jasvantlal Chhotalal and Shri A.R.Mahadevia and be countersigned by the Secretary, Shri A.J.Shah and in his absence by Shri S.N.Karaka or Shri M.D.Vyas.”

12. The President referred to the Board Resolution dated 24th October, 1978 and reported that Bank of India(hereinafter referred to as “the Bank”) had at the request of the Stock Exchange agreed to continue to grant to the Stock Exchange demand loan facilities upto a limit of Rs. 10,50,000/- on terms,

Limit: Rs. 10,50,000/- Term: Demand – without prejudice to the demand nature of the loan, it is to be repaid by annual instalments of Rs. 3.50 lakhs each commencing from 26.7.1977. Rate of Interest: 6% over Bank Rate Minimum 15% per annum with quarterly rests. Security: 1. Demand Promissory Notes by the Stock Exchange, Bombay, in favour of the Bank; 2. Continuing Security Agreement; 3. Letter of Lien and Set-off; 4. Agreement of hypothecation in respect of the Electronic Computer and other accessories thereof along with a supplement deed of hypothecation; 5. Letter of Confirmation form L.444 C dated 27.10.1978. Margin: 15%

The President requested the Governing Board to pass the necessary resolution for continuance of the loan facility, to confirm the debit balance in the account, the documents executed and the security created in favour of the Bank in terms of the Form L. 444 C sent by the Bank.

Page 4 of 10 IT WAS RESOLVED AS FOLLOWS: 1. THAT the Stock Exchange do continue to borrow from the Bank from time to time by way of loan facility on terms as aforesaid and repayable on demand upto a limit of Rs. 10,50,000/- with interest at 6% over bank rate Minimum 15% per annum with the quarterly rests or such other terms and at such other rate/s of interest, as may be notified by the Bank to the Stock Exchange from time to time. 2. THAT the Stock Exchange do confirm and acknowledge the debit balance in the account, the documents excecuted and security created in favour of the Bank, in terms of FormL. 444 C sent by the Bank, and that in token of such confirmation and acknowledgement, the common seal of the Stock Exchange be affixed to the said Form L. 444 C in presence of and the same may be signed on behalf of Stock Exchange by Mr Mathradas Samaldas , President, and Mr. Jivanchand R.Motishaw, Member of the Governing Board and countersigned by Mr. Amritlal J. Shah, Sceretary of the Stock Exchange. 3. THAT the said loan account be operated upon and instructions concerning the same may be given by and any acknowledgments or confirmations of debt and/or security which may be required by the Bank may be given on behalf of the Stock Exchange as heretofore. 4. AND THAT a copy of the foregoing resolutions certified to be a true copy by the Chairman be furnished to the Bank.

13. “(1) Resolved that the present arrangement with the Bank of Karad, Ltd., for a cash credit limit of Rs. 8.50 lakh be continued against deposit of 8% debenture stock 1981-86 of the Stock Exchange as collateral Security. (2) Also resolved that all necessary documents as may be required by the Bank be executed on behalf of the Exchange by the President, a member of the Governing Board and the Secretary and the Seal of the Exchange be affixed thereon.”

14. The Government letter dated 26-3-79 regarding appointment of Shri A.G. Sirsi-Regional Director Company Law, Mumbai as a Government nominee on our Board in the place of Shri R.N. Bansal was read and taken note of.

Page 5 of 10 15. The application dated 19-4-79 of our sepoy Vilas Gyandev to give him assistance of College fees of both the term of B.A. (Part-1) and the examination fee was considered and it was resolved to give him assurance of Rs.409/- from Shri M.C. Mehta Smarak Fund.

16. The letter dated 26-3-79 of our office staff member Shri M.L. Sureman regarding resignation from his post as he was to go abroad for service and payment of the Provident Fund amount and Gratuity was considered it was resolved to approve payment already made to him of the amount of Rs.15,131.29 accumulated in his provident fund account and a sum of Rs.9241.50 on account of Gratuity.

17. The letter dated 20-2-79 of our sweeper Khachera Dhureram Tendering resignation of his post and asking for payment of his Provident Fund and Gratuity was considered and it was resolved to pay him the amount accumulated in his Provident Fund and the Gratuity of Rs. 7848/-.

18. The applications of the undermentioned staff of our office for giving them assistance for the expenses incurred by them for medical treatment during their sickness were considered and it was resolved to give them assistance from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund as shown against their names:

Sepoy Dataram Govind Rs.200/- Liftman Tukaram Laxman Rs.120/- Watchman S.K. Lal Rs. 46.50p

19. The application of the undermentioned persons of our office staff for giving them loans were considered and it was resolved to give them loans as shown below against their names: Shri S. Ramakrishnan Rs. 10,000/- Shri C.V. Valsan Rs. 3,000/- Sepoy Dataram Govind Rs. 5,000/- Sepoy Balkrishna S. Shinde Rs. 4,000/- Sepoy Jairam Bhikaji Rs. 7,000/-

Page 6 of 10 Sepoy Vilas Gyandev Rs. 3,000/- Liftman Sitaram Vithal Rs. 3,000/- Bhatt Mithalal Bhuralal Rs. 3,000/- Sweeper Harcharan Jairam Rs. 3,500/- Sweeper Tara Mohan Rs. 2,000/-

20. The letter dated 30-4-79 of S/Shri Kisan Raitlal Choksey, Ramesh Ratilal Choksey, Ramesh Dhirajlal Choksey, Nalin Pravin Choksey and Ashok Ratilal Choksey regarding dissolution of their partnership with effect from 11-5-79 was read and noted.

21. The letter dated 31-3-79 of S/Shri Tribhovandas Keshavdes, Deven Tribhovandas and Pradip Manmohandas was read and it was noted that Shri Pradip Manmohandas had severed his partnership from the firm of M/s Keshavlal Pranjivandas with effect from 31-3-79.

22. The letter dated 29-3-79 of S/Shri Indravadan Ranchhoddas Shah, Niranjan Ranchhoddas Shah and Dhimant Ranchhoddas Shah was read and it was noted that Shri Narayan Ranchhoddas Shah has severed his partnership from the firm of M/s Ranchoddas Sekhsaran with effect from 31-3-79.

23. The applications for undermentioned partnerships were considered and the partnerships were approved :

Name of the Partnership Firm Names of Partners Date of Partnership M/s Amratlal Mohanlal Shri Chimanlal Amratlal 28-2-79 Shri Sureshchandra J. Sheth Shri Mridev Chimanlal Javeri

M/s M.K. Choksey & Co. Shri Ramesh Dhirajlal Choksey 11-5-79 Shri Nalin P. Choksey

M/s Kisan Ratilal Choksey Shri Kisan Ratilal Choksey 11-5-79 Shri Ramesh Ratilal Choksey Shri Ashok Ratilal Choksey

M/s Shantichand N. Jhaveri Shri Rajnikant Shantilal Jhaveri 21-3-79 Shri Dipchand Shantilal Jhaveri

Page 7 of 10 24. The application dated 12-2-79 of the near relatives of the late Shri Dhirajlal Harilal nominating Shri Ratilal Nagardas Vora as a member of the Exchange in the place of the late Shri Dhirajlal Harilal was considered and after interviewing Shri Ratilal Nagardas Vora and his recommenders S/Shri Dhansukhlal Kantilal and Manubhai Maneklal it was resolved by 13 votes in favour and none against to elect Shri Ratilal Nagardas Vora as a member of the Exchange in the place of the late Shri Dhirajlal Harilal subject to the Rules and Regulations of the Exchange.

25. The application dated 22-2- 79 of Shri Dilipkumar Jivanlal nominating Shri Madan Gopal Chandmal Damani as a member of the Exchgange in his own place was considered and after interviewing Shri Madan Gopal Chandmal Damani and his recommenders S/Shri B.R. Dharnidharka and R.M. Thanvi it was resolved by 12 votes in favour and 1 against to elect Shri Madan Gopal Chandmal Damani in the place of Shri Dilipkumar Jivanlal subject to the Rules and Regulations of the Exchange on the condition that for 2 years he should not do business in the market in his own name.

26. The application of Shri Chimanlal Kehavji dated 15-3-79 nominating Shri Rajababu Bhagubhai Gandhi as a member of the Exchange in his own place was considered and after interviewing Shri Rajababu Bhagubhai Gandhi and his recommenders S/Shri Pravin Hiralal Nanavati and Dhirajlal N. Shah it was resolved by 12 votes in favour and one against to elect Shri Rajababu Bhagubhai Gandhi as a member of the Exchange in the place of Shri Chunilal Keshavdas subject to the Rules and Regulations of the Exchange.

27. The letter of Shri Tikamdas H. Idnani and Narottam B. Javeri dated 4-4-79 and 6-4-79 respectively were read and it was resolved to approve the permission given to Shri Tikamdas H. Idnani to do business as a Representative Member of Shri Narottam B. Jhaveri.

28. As the undermentioned companies have paid the arrears of the listing fee payable by them, it was unanimously resolved that the undermentioned securities should be re-admitted to our list of Non-Cleared Securities and

Page 8 of 10 trading lots of those securities should be fixed as shown against their names below: Asian Dehydrates Ltd. Equity 50 shares.

Jugilal Kamalapet Cotton Spg., & Weaving Mills Co. Ltd. Equity 100 shares.

Jugilal Kamalapet Cotton Spg., & Weaving Mills Co. Ltd. 6% Preference & 5 shares

Jugilal Kamalapet Cotton Spg., & Weaving Mills Co. Ltd. 5% Preference & 5 shares

Jugilal Kamalapet Cotton Spg., & Weaving Mills Co. Ltd. 10 1/2 Preference & 5 shares.

29. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us as may be deemed proper by the Chairman, the belowmentioned securities should be admitted to our list of Non-Cleared Securities traded on the Exchange and the Chairman should fix their trading lots:

Tulel Investments of India Ltd. Equity shares Tulel Investments of India Ltd. Debentures Steel Strips Ltd. Equity shares Avati Leathers Ltd. Equity shares C.W.S. (India) Ltd. Equity shares Assam Frontier Tea Ltd. Equity shares Cynamid India Ltd. Equity shares Raj-Prakash Chemicals Ltd. Equity shares Gate-way Chemicals Ltd. Equity shares

30. As Deccan Wires Ltd., has been merged with Panyam Cements Ltd., and Coal Mills Ltd., has been merged with Swan Mills Ltd., it was unanimously resolved to remove the securities of Deccan Wires Ltd., and Coal Mills Ltd., from our list of Non-Cleared Securities traded on the Exchange.

Page 9 of 10 31. As the 9.5% Preference Shares of Andhra Pradesh Paper Mills Ltd., have been redeemed it was unanimously resolved to remove the said preference shares from our list of securities traded on the Exchange.

Sd/- Sd/- A J Shah Mathradas Samaldas Secretary President

Dt 17-7-79

Page 10 of 10 Tuesday, 17-7-79 A meeting of the Governing Board of the Stock Exchange was held today at Stock Exchange at 3.00 PM under the Chairmanship of Shri Mathradas Samaldas wherein the undermentioned members of the Board were present :

Seth Mathradas Samaldas Seth Rasiklal Maneklal Seth Phiroze J Jeejeebhoy Seth Vasantlal Jivantlal Seth Vasantlal Champaklal Seth Bhupendra Champaklal Seth Jasvantlal Chhotalal Seth Ashokkumar Devidas Fozdar Seth Vasantlal Kantilal Shah Seth Jayantilal Rangildas Khandwala Seth Navinchandra Chhaganlal Kampani Seth Purshottam Gopiram Ruiya Seth Jayant Amerchand Seth Chhotalal Devchand

Government Nominees Shri M.R. Mayya Shri M.L. Chawla Shri A.G.Sirsi Shri J.G.Gogte

The following business was transacted in the meeting :

1. The application dated 15-5-79 of the Poona Home and School for the Blind was considered and it was resolved to give it a donation of Rs. 101/-

2. The application of the undermentioned organizations were considered and it was resolved to give donations mentioned against their names: National Society for Equal Opportunities Rs. 1,001/- for the Handicapped

The Stock Echange Badgeholders Rs. 5,001/- Mnedical Relief centre Dispensary

3. Our former Sepoy Arjun Tukaram Kamble’s application dated 4-7-79 was considered and it was resolved to pay him the Provident Fund amount of Rs 444/-.

Page 1 of 5 4. The letters of the undermentioned members were read and it was resolved to approve the permission given to do business as Representative members as shown below:

Name of the Nominating Members Name of the Representative Member

Shri Kantilal Jivantlal Vakharia Shri Amerchand Lallubhai Sukhadia Shri Bhagubhai A Gandhi Shri Rajababu Bhagubhai Gandhi M/s R.J. Shah & Co. Shri Trikamdas H. Idnani

5. The letter dated 31-3-79 of Shri Trikamdas H. Idnani was considered and it was resolved to give him permission to do business in the market in his own name.

6. The latter dated 15-6-79 of Shri Keshavlal Dhanji asking for permission to do business in the market in his own name was considered and it was resolved that the request cannot be acceded to

7. The letter dated 14-5-79 of S/Shri Nagardas Ravji, Bhanuchandra Nagardas and Umesh Nagardas was considered and it was resolved to approve their partnership under the firm name of M/s Nagardas Ravji with effect from 1-4- 79.

8. The application dated 31-5-79 of the near relatives of the late Shri Chinubhai C Dalal nominating Shri Ashwin Chinubhai Dalal as a member of the Exchange in the place of late Shri Chinubahi C Dalal was considered and after interviewing Shri Ashwin Chinubhai Dalal and his recommender Shri Sevantilal Kantilal it was resolved by 13 votes in favour and none against to elect Shri Ashwin Chinubhai Dalal as a member of the Exchange in place of the late Shri Chinubhai C Dalal subject to the Rules and Regulations of the Exchange.

9. The Application dated 7-6-79 of Shri Umesh Laxman Bhat nominating Shri Krishnalal Harivallabh Parekh as a member of the Exchange in his own place was considered and after interviewing Shri Krishnalal Harivallabh Parekh and his recommenders S/Shri Naresh N Khandwala and Navnitlal Ambalal it was

Page 2 of 5 resolved by 13 votes in favour and none against to elect Shri Krishnalal Harivallabh Parekh as a member of the Exchange in the place of Shri Umesh Laxman subject to the Rules and Regulations of the Exchange.

10. The application dated 27-4-79 of Shri Shantilal Vallabhdas Sangani nominating Shri Shripal Jain as a member of the Exchange in his own place was considered and after interviewing Shri Shripal Jain and his recommenders/Shri Kailas Narayan Parasrampuria and P.R.Shah, it was resolved by 4 votes in favour and 9 against that Shri Shripal Jain cannot be admitted as a member of the Exchange.

11. The application of Shri Ramniklal L Shah dated 14-5-79 nominating Shri Navinchandra Varajdas Dalal as a member of the Exchange in his own place considered and after interviewing Shri Navinchandra Varajdas Dalal and his recommenders S/Shri Pankaj Ishwarlal Kapadia and Jitendra Champklal it was resolved by 13 votes in favour and none against to elect Shri Navinchandra Varajdas Dalal as a member of the Exchange in the place of Shri Ramniklal L Shah, subject to the Rules and Regulations of the Exchange

12. The letter dated 30-4-79 of the Reserve Bank of India about permitting delivery of Government Securities in lots larger than Rs. 25,000/- was read and it was resolved to discuss the matter with the Reserve Bank

13. The Board considered the Government letter dated 8-3-79 relating to the letter 22-1-79 of Shri Ratanlal Damani suggesting that Rules 8(3)(9) and 8(3)(d) of the Securities Contarcts (Regulation) Rules 1957 should be suitably amended for permitting an individual to become a member of more than one Stock exchange. It was resolved to write to the Government that we are not in favour of that suggestion.

14. The letter dated 29-6-79 of Ipco Paper Mills Ltd. was considered and it was resolved that as the Company has paid the Annual Listing for the years 1978 and 1979 its equity shares should be again replaced in our list of Non-Cleared Securities and transaction in those shares should be made in lots of 50 shares

Page 3 of 5 15. The Listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirement stipulated on such condition as may be deemed proper by the Chairman the below-mentioned securities should be placed in our list of Non-Cleared Securities traded on the Exchange and thus trading lots should be fixed by the chairman.

Ramington Rand of India Ltd Equity Shares Free India Ltd Equity Shares Cloride (India) Ltd Equity Shares Roplars (India) Ltd Equity Shares International Instruments Ltd Equity Shares Bomaby Tyre International Ltd Equity Shares Mother & Platt (India) Ltd Equity Shares Scottish Assam(India) Ltd Equity Shares Pirramal Rasayan Ltd Equity Shares The India Seamless Metal Tubes Ltd Equity Shares Goodric Group Ltd Equity Shares India Radiators Ltd Equity Shares Dharuhera Chemicals Ltd Equity Shares Dharuhera Chemicals Ltd Preference Shares The Indo Asahi Glass Ltd Equity Shares George Williamson (Assam) Ltd Equity Shares Precision Jewels Ltd. Equity Shares The Industrial Credit and Investment 6 ¾ % Bonds (1999) Corporation of India Ltd

16. Unanimously resolved that the undermentioned Securities should be removed from our list of Securities traded on the Exchange as they have been redeemed: Bombay Suburban Electric Supply Ltd 10.5% ‘C’ Class Debentures 7.75% ‘D’ Class Debenture The Sathe Biscuit and Chocolate Co Ltd 9.1% Preference Shares

Page 4 of 5 17. Resolved to approve the purchase of 7¾ % 1978-80 Debentures of Tata Power Co. Ltd of the face value of Rs. 50,000/- on 9-8-79 from the Association Fund.

18. The Chairman explained the present position regarding our new building under construction. He said that the topmost last slab of the building has been cast. The existing buildings will be demolished, in their place basement and super structure will be put up, the plans for which are being prepared. Thereafter Municipal Permission will be obtained and tenders will be issued. Besides instead of leasing out more space on rent in the lower floors, funds will be raised by short term deposits. When municipality gives certificate for partial occupation in the new building the offices in the present building will be shifted to the new building and construction work of the second phase will be taken in hand.

Sd/- Sd/- A J Shah Mathradas Samaldas Secretary President

Dt 25-9-79

Page 5 of 5 Tuesday 25-9-79

A meeting of the Governing Board of the Stock Exchange was held today at 3.00 P.M under the Charimanship of Seth Mathuradas Samaldas wherein the undermentioned members of the Board were present :

Seth Mathuradas Samaldas Seth Vasantlal Jivantlal Seth Phiroze J Jeejeebhoy Seth Bhupendra Champaklal Seth Vasantlal Champaklal Seth J. R Motishaw Seth Jaswantlal Chhotalal Seth A R Mahadeva Seth Vasantlal Kantilal Shah Seth Ashokkumar Girdharlal Fozder Seth Navinchandra Chhaganlal Seth Purshottam Gopiram Ruiya Seth Jayant Amerchand Kampani Seth Chhotalal Devchand

Government Nominees Shri J G Gogte

The following business was transacted in the meeting:

1. Resolved that the terms for Muhurat Business for Kartik Sam 2036 should be kept from 6.30 P.M to 7.30 P.M on Saturday 20-10-79.

2. The application dated 14-11-79 of our late Hamal Sahdev Ganpat’s widow Bai Savitribai S. Kadam was considered and it was resolved to pay her Rs. 8,000/- being the Provident Fund Amount and Gratuity of the late Sahdev Ganpat.

3. The application dated 10-8-79 of our office staff member Shri Ashwin M Shah was considered and it was resolved to pay him Rs. 143 from Seth KRP Shroff Stock Exchange Sarvajanik Fund for college fee etc of the first term of First LLB.

4. The application dated 17-9-79 of our Sepoy Vilas Gyandev for giving him assistance of the college fee for the first term of B.A Part II was considered and it was resolved to give him assistance of Rs.177/- from Seth KRP Shroff Stock Exchange Sarvajanik Fund.

Page 1 of 5

5. The applications of the undermentioned persons of our office staff for group them loans were considered and it was resolved to give them loans as mentioned below against their respective names : Sepoy Madhukar Bhiwa Rs. 500/- Waterman S K Lal Rs. 2,000/- Hamal Dhondu Sabaji Rs. 2,000/-

6. The letters of the undermentioned members were read and it was resolved to approve the permissions given to them for appointment of Representatives Members as stated below: Nominating Member Representative Member Seth Vrajlal Lallubhai Seth K. A Patel Seth Hiralal Keshavdev Poddar Seth Bhagwandas Keshavji Shinde Seth Pankaj Ishwarlal Kapadia Seth Navinchandra Varajdas Dalal Seth V. D Vakil Seth Vithaldas Ramji Marthak Seth Ranchhoddas Sheshkaran Seth Niranjan Ranchhoddas Shah

7. The letter dated 18-5-79 of Shri. J J Jagirdar asking for permission to do business in the market in his own name was considered and it was resolved that he should be allowed to do business in the market in his own name provided he gives an additional Membership Security Deposit of Rs.50,000/-.

8. The application dated 3-9-79 of Shri Nosir Nanabhai Saher and Pultukode Sethu Narayan Swami for partnership was considered and it was resolved to approve partnership under the firm name of M/s Merwanji Bomanji Dalal with effect from 1-9-79.

9. The application dated 2-8-79 of Shri Shantilal Vallabhdas Sangani nominating Shri Yogendra Sevantilal Shah as a member of the Exchange in his own place was considered and after interviewing Shri Yogendra Shantilal Shah and his recommenders Shri V B Desai and Rasiklal S Jhaveri it was resolved by 12 votes in favour and 1 against to elect Shri Yogendra Shantilal Shah as a member of the Exchange in the place of Shri Shantilal Vallabhdas Sangani subject to the Rules and Regulations of the Exchange on condition that he should not do business in the market in his own name until 20-9-81.

Page 2 of 5 10. The application dated 14-7-79 of Shri Kishanlal Laxmidas nominating Shri Bhalchandra Kishanlal Adodara as a member of the Exchange in his own place was considered and after interviewing Shri Bhalchandra Kishanlal Adodara and his recommenders Shri Jitendra Harjinandas and Bipin K Kapadia, it was resolved by 13 votes in favour and none against to elect Shri Bhalchandra Kishanlal Adodara as a member of the Exchange in the place of Shri Kishanlal Laxmidas Adodara, subject to the Rules and Regulations of the Exchange.

11. The application dated 6-8-79 of Shri Nagardas Nanji Bakhai nominating Shri Kirti Ramanlal Shah as a member of the Exchange in his own place was considered and after interviewing Shri Kirti Ramanlal Shah and his recommenders Shri Sagarmal Bihani and Trambklal Amulakh, it was resolved by 13 votes in favour and none against to elect Shri Kirti Ramanlal Shah as a member of the Exchange in the place of Shri Nagardas Nanji Bakhai, subject to the Rules and Regulations of the Exchange.

12. The Report, Income and Expenditure Account and Balance Sheet of our Association for the year 1978 was passed.

13. The letter dated 5-9-79 of our Auditors M/s S B Bilimoria & Co asking for increasing their remuneration was read and it was resolved to recommend to the General Body to increase their remuneration to Rs.7,500/- p.a for auditing the Accounts of the Association from the years 1979.

14. Shri Shripal Jan’s letter dated 25-7-79 requesting that his membership application that has been rejected should be re-considered was read and it was resolved that his request cannot be accepted. However if he so wishes he may make an application for membership of the exchange after one year.

15. We have written to Government our reply to the letter dated 5-9-79 of the Government of India, Ministry of Finance, Department of Economic Affairs, Stock Exchange Division, relating to implementation of the recommendation of the Sachhar Committee about Sections 108 (1A) to 108 (1d) of the Indian Constitution Act. The Board noted it.

Page 3 of 5 16. The Board noted that we have repaid the loans taken from Central Bank of India, Andhra Bank and Bank of India. It was Resolved that General Body’s approval should be obtained for investment of funds. We may have from time to time in Fixed Deposits with Banks and /or on the Bank Guarantee and /or Bills accepted by Bank’s individually or jointly.

17. Resolved that if deemed proper our computer Equipment should be sold to the Stock Exchange Foundation or another party at a proper price.

18. The Chairman informed the Board that the finishing work is being done in the lower floors of our new building under construction and on receipt of Municipality’s Permission for temporary occupation, offices in our all the existing buildings will be shifted out from there and in that space construction of basements will be taken in hand. The finishing work of the space allotted to Bank of Baroda and General Insurance Corporation of India is going on and possession of it will be given to them as soon as possible. Bank of Baroda has chosen to take up a portion of the Ground Floor instead of the 6 th Floor in the Tower.

19. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations and Compliance with the usual requirements and other special requirements stipulated by us on such conditions as may be deemed proper by the Chairman, their below mentioned securities should be placed in our list of Non Cleared Securities traded on the Exchange and their trading lots should be fixed by the chairman :

Southern Hydro- carbons Ltd Equity Shares Fort Rock Investment Co Ltd Equity Shares Bihar Finished Leathers Ltd Equity Shares India Photographic Co Ltd Equity Shares Chemiquip Ltd Equity Shares Malayalam Plantations (India) Ltd Equity Shares Vinod Paper Mills Ltd Equity Shares Saraf Paper Mills Ltd Equity Shares Supreme Paper Mills Ltd Equity Shares Andhra Pradesh Rayons Ltd Equity Shares Karnatak Explosives Ltd Equity Shares Amzel Ltd Equity Shares Gujarat State Machine Tools Corporation Ltd Equity Shares

Page 4 of 5 Pine Chemicals Ltd Equity and Preference Shares. Orichem Ltd Equity Shares International Computers India Manufacturer Ltd New Equity Shares The Gwalior Rayon Silk Mfg (Wing) Co Ltd New Equity Shares Reliance Textile Industries Ltd Debentures

20. Unanimously resolved that the undermentioned Securities have been redeemed, they should be removed from our list of Securities Traded on the Exchange:

Rajasthan Spq & Wing Mills Ltd 9% of Preference Shares Cera Can Co Ltd 10% of Preference Shares The Thana Electric Supply Co Ltd Preference Shares

Sd/- Sd/- A J Shah Mathuradas Samaldas Secretary President

18-12-79

Page 5 of 5 Tuesday, 18/12/79

A Meeting of the Governing Board of the Exchange was held today at S.T. 3.00 P.M. under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Phiroze J. Jeejeebhoy Seth Bhupendra Champaklal Devidas Seth Jasvantlal Chhotalal Seth A. R. Mahadevia Seth Vasantlal Kantilal Shah Seth Ashokkumar Girdharlal Fozdar Seth Navinchandra Chhaganlal Kampani Seth Jayantilal Rangildas Khandwala Seth Jayant Amarchand Seth Purshottam Gopiram Ruiya Seth Rasiklal Maneklal Seth Chhotalal Devchand

The following business was transacted in the meeting:

1. Resolved that the Board takes note of the painful demise of an old and leading member of the Exchange and Vice-President Shri Vasantlal Champklal Mashruwala and expresses its deep sense of grief and sorrow. The Board also takes note of the self-less services rendered by the deceased for a long time as a member of the Governing Board, Treasurer and Vice-president of our Exchange. The Board conveys its deep condolence and sympathy to his family members and requests the President to send them a copy of this resolution as a mark of our condolence to them.

2. The application of the undermentioned organization were considered and it was resolved to give a donation of Rs. 101/- to each of them:

a. The Eduljee Framjee All-blees Leprosy Home, Trombay b. The Maharashtra State Antituberculosis Association.

3. The application dated 3-10-79 of the sweeper Dayabai Babu was read and it was resolved to approve the assistance of Rs. 400/- given to her for expenses in connection with the death of the son.

Page 1 of 7

4. The letter dated 29-11-79 of our retired Sweeper Chhangaram Gangaram was considered and it was resolved to pay him his accumulated Provident Fund amount of Rs. 4,169/10 and a son of Rs. 2305/- as Gratuity.

5. The applications for loans of our under-mentioned office staff were consired and it was resolved to give them loans as shown against their respective names:

Shri R.R. Nair ------Rs. 7000/- Shri Ambujakshan------Rs.8000/- Shri Balkrishna Yashwant---Rs.2000/-

6. The application dated 26-9-79 of S/Shri Gangaram Raghunath Pandya and Bharat Gangaram Pandya was considered and it was resolved to approve their partnership under the firm name of M/s G.R. Pandya with effect from 12-10-79.

7. The letters of the undermentioned members were considered and it was resolved to give them permission to do business as representative Member:

Nominating Member Representative Member Shri Jitendra Harjivandas Shri Bhalchandra Keshavlal Adodara Shri Nagindas Chhanganlal Kampani Shri Mangaldas Lalji Kampani M/s Shantichand B Jhaveri Shri Jamnadas Kanji Vanza Shri Balubhai Maganlal Jhaveri Shri Amratlal Parmananda

8. The letter dated 19-11-79 of Shri Bhupendra Meghji Bheda was considered and it was resolved to give him permission to do business as a Representative member of Shri Kantilal Mohanlal.

9. The letter dated 12-11-79 of Shri Devidas Jamnadas was considered and it was resolved to give him permission to do business in his own name if he gives an additional membership Security Deposit of Rs. 50,000/-.

Page 2 of 7 10. The letter dated 1-10-79 of Shri Vinitkumar P Parikh was considered and it was resolved that if he wishes to do business as a Representative Member of some other member he should be given permission for that

11. The letter dated 12-11-79 of Shri Keshavji Dhanji asking for permission to do business in his own name was considered and it was resolved that his request cannot be acceded to.

12. Our Association Holidays for the year 1980 were fixed.

13. The letter dated 18-10-79 of Shri Jeram Thakersi Halai requesting for withdrawal of the decision for his expulsion was read and it was unanimously resolved that his request cannot be accede to.

14. The application dated 3-10-79 of Shri Jeramdas D Jasnani nominating Shri Rajkumar Kesardev as a member of the Exchange in his own place was considered and after interviewing Shri Rajkumar Kasardev and his recommenders S/Shri Bhagwati-Prasad Rungta and V.K.Nanavati it was resolved by 13 votes in favour and none against to elect Shri Rajkumar Kasardev as a member of the Exchange in the place of Shri Jerandas D Jasnani subject to the Rules and Regulations of the Exchange.

15. The application dated 4-10-79 of the near relatives of the late Shri Parmeshwarlal Dwarkadas Sekhsaria nominating Shri Ashok Chandrakant Samani as a member of the Exchange in the place of the late Parmeshwarlal Dwarkadas Sekhsaria was considered and after interviewing Shri Ashok Chandrakant Shah and his recommenders S/Shri Ashok J Khandwala and Arvind C Dalal it was resolved by 11 voters in favour and 2 against to elect Shri Ashok Chandrakant Samani as a member of the Exchange in the place of the late Shri Parmeshwarlal Dwarkadas Sekhsaria subject to the Rules and Regulations of the Exchange.

16. The application dated 30-10-79 of the near relatives of the late Shri Murlidhar Mahadev Loyalka, nominating Shri Mahendrakumar Murlidhar Loyalka as a member of the Exchange be the place of the late Shri Murlidhar Mahadev Loyalka was considered and after interviewing Shri Mahendrakumar Murlidhar Loyalka

Page 3 of 7 and his recommenders S/Shri M.D. Saraf and Arvind C Dalal it was resolved by 13 voters in favour and none against to elect Shri Mahendrakumar Murlidhar Loyalka as a member of the Exchange in the place of the late Shri Murlidhar Mahadev Loyalka subject to the Rules and Regulations of the Exchange.

17. The application dated 23-8-79 of Shri Hoshang Framrose Munshi nominating Shri Madhur Madanmohan Murarka as a member of the Exchange in his own place was considered and after interviewing Shri Madhur Madanmohan Murarka and his recommenders S/Shri Suresh B Shirali and Hasmukh Tribhovandas Shah it was resolved by 10 votes in fovour and 3 against to elect Shri Madhur Madanmohan Murarka as a member of Exchange in the place of Shri Hoshang Framrose Munshi, subject to the Rules and Regulations of the Exchange on the condition that he should not do business in the market in his own name for a period of two years.

18. The application dated 16-11-79 of Shri Amrutlal C Sheth nominating Shri Manilal Bhikhabhai as a member. of the Exchange in his own name was considered and after interviewing Shri Manilal Bhikhabhai and his recommender S/Shri Sunderdas Kalyanji Kankal and Jasvantlal Chhaganlal as well as reading the letter of objection dated 26-11-79 of Shri Jeran Thakarsi Halai, it was resolved by 8 voters and 5 against to elect Shri Manilal Bhikhabhai as a member of the Exchange in the place of Shri Amrutlal C Sheth Subject to Rules and Regulations of the Exchange on the condition that he should not do business in his own name for a period of two years.

19. The application dated 28-11-79 of shri Lakshmidas Govindji Kothari nominating Shri Mukund Mathuradas Shah as a member of the Exchange in his own place and after interviewing Shri Mukund Mathuradas Shah and his recommenders S/Shri Manharkant Lakshmidas and Prasanna P Broker it was resolved by 12 votes in favour and 1 against to elect Shri Mukund Mathuradas Shah as a member of the Exchange in the palace of Shri Laxmidas Govindji Kothari, subject to the Rules and Regulation of the Exchange on the condition that for two years he should not do business in the market in his own name.

Page 4 of 7 20. The application dated 29-11-79 of the near relatives of the late Shri C.R. Loyalka nominating Shri Khimchand Sardarji Raval as a member of the Exchange in the place of the late Shri C.A. Loyalka was considered and after interviewing Shri Khimchand Sardarji Raval and his recommenders S/Shri V.K.Nanavati and Manubhai Maneklal it was resolved by 13 votes in favour and none against to elect. Shri Khimchand Sardarji Raval as a member of the Exchange in place of the late Shri C.R. Loyalka, subject to the Rules and Regulations of the Exchange.

21. Resolved that Current account be opened with the Bank of India, Stock Exchange Branch, Bombay, A/C ‘A’ and the said account be operated jointly by the President Shri Matradas Samaldas or the Chairman, Shri P.J.Jeebhoy, or the Hon. Treasurer, Shri Navinchandra Chhaganlal Kampani and by any one of the following six members of the Governing Board, namely Shri J.R.Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Vasantlal K.Shah, Shri Jasvantlal Chhotalal and Shri A.R. Mahadevia and be countersigned by the Secretary, Shri A.J.Shah and in his absence by Shri S.N.Karaka or Shri M.D.Vyas.

22. The Chairman informed the board that on receipt of Municipality permission for temporary occupation of the lower floors of our new building under construction, offices of all our existing buildings will be shifted there and the work relating to diaphragm wall, piling and basements will be taken in hand in the vacant space so created. For that work tenders received from cementation and Rodio Hazarat are being evaluated. The tenders for diaphragm wall and piling are upto level 5 Ft Rodio Hazarats’s tender is of Rs. 25 lakhs. Cemenatton has not submitted its tender for that work.

23. The Listing application of the undermentioned Companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations and compliance with the usual requirement and other special requirement and other special requirement stipulated by us on such condition as may be deemed proper by the Chairman, their below-mentioned securities should be placed in the our list of Non-Cleared securities traded on the Exchange and their trading lot should be fixed by the Chairman:

Punjab Woodcomber Ltd. Equity

Page 5 of 7 Nicolas Laboratories India Ltd Equity Shree Ambuja Petrochemicals Ltd Equity Hardcastle Vovet Mfg Co Ltd Equity Kerala Acids & Chemicals Ltd. Equity Orient Ceramics and Industries Ltd. Equity May & Baker(India) Ltd Equity Pratap Rajasthan Special Steels Ltd Equity Khatau Jankar Ltd Equity Diamines and Chemicals Ltd Equity Ficom Organics Equity Asia Automotives Ltd Equity Cemendea Ltd Equity Rasi Cements Ltd Equity Jaipur Syntex Ltd Equity Heco Products Ltd Equity Star Machinery Mfg Co Ltd Equity Uptron Anand Ltd Equity Rapid Investments Ltd Equity Techno Electria and Engineering Co Ltd Equity Good Value Marketing Co Ltd Equity The East India Hotels Ltd New Equity

24. The letters of the undermentioned Companies were considered and it was unanimously resolved that their Securities should be removed from our list of Securities traded on the Exchange with effect from 1-1-1980 as they do not want their securities to continue to be traded: Plastic Resins and Chemicals Ltd. Tubes and Malleable Ltd.

25. Unamiously resolved to remove the undermentioned securities from our list of securities traded on the Excghange as they have been redeemed:

Bharat Forge Co.Ltd Prefernce Shares Shivanji Works Ltd 30,000 9.3% Preference Shares issued in 1964

Page 6 of 7 The Associate Cement Cos Ltd Debenture

26. The correspondence with the Tube Investment of India Ltd and G.L.Hotel was read and it was resolved that in view of the clarification given by them, the matter should be dropped for the present. The Board considered the correspondence between the Bangalore Stock Exchange and Vrindavan Alloys Ltd, copies of which have been sent to us by the Bangalore Stock Exchange and unanimously resolved to call for company’s explanation in that connection and if the Bangalore Stock Exchange removes the shares of that Company from the list of securities traded on that Exchange. We should also remove its shares from the list of Securities traded on our Exchange.

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President

Dt. 13-2-1980

Page 7 of 7 Saturday, 9-2-80 A meeting of the Governing Board of the Exchange was held today as S. T. 2.30 under the Chairmanship of Seth Mathradas Samaldas, wherein the under mentioned members of the Board was present:

Seth Mathradas Samaldas Seth Bhupendra Champaklal Devidas Seth Jasvantlal Chhotalal JSeth J. R. Motishaw Seth Vasantlal Kantilal Shah Seth Ashokkumar Girdharilal Fozdar Seth Laldas Jamnadas Seth Jayantilal Rangildas Khandwala Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth Rasiklal Maneklal Seth Chhotalal Devchand

Government Nominee Shri M. L. Chawla

The following business was transacted in the meeting:

1 Resolved that this Board painfully takes note of the sudden and unexpected demise of our respected Chairman Shri. P. J. Jeejeenhoy and expresses its deep sense of grief and sorrow. He has made huge and invaluable contribution for growth of the Exchange by dedicating his whole life and time in rendering selfless service to the Stock Exchange. Whenever emergences, baffling situations and other difficulties arose in the market, he tackled them with wisdom and tact. He constantly worked for preserving and enhancing the interest of the members, their Staff, other people working in the market and investors. Not only that, by systemizing the Stock-broker profession and Stock Exchange business he made significant contribution in increasing their pride and prestige. It is because of these efforts made by him that the Stock Exchanges are so vary dynamic and performing their part so well at present in raising the necessary capital for rapid expansion of industrialisation of the country. Until his last breath he made tireless efforts for increasing the volume of business on the Exchangfe by introducing

1 new schemes, simplifying Settlement procedures and conceptualizing new building, its completion and creating modern facilities for accelerating the growth of business. It is our misfortune that the destiny has snatched him away from us before complete realization of his dreams of positioning our Exchange along with other leading Stock Exchanges in the world. His is an irrespirable loss. This Board prays to the Almighty God to bestow eternal peace to his pious soul and also conveys his heartfelt sympathy and condolences to all his family members. The Board requests the President to send a copy of this Resolution to his family members as a token of sharing their grief and sorrow.

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President

Date 13-2-1980

2 Wednesday, 13-2-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 2.30 pm. under the Chairmanship of Seth Mathradas Samaldas wherein the under mentioned members of Board were present:

Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Jasvantlal Chhotalal Seth Bhupendra Champaklal Devidas Seth Vasantlal Kantilal Shah Seth J. R. Motishaw Seth Laldas Jamnadas Seth A. R. Mahadevia Seth Navinchandra Chhaganlal Kampani Seth Ashokkumar Girdharlal Fozdar Seth Jayant Amerchand Seth Jayantilal Rangildas Khandwala Seth Rasiklal Maneklal Seth Purshottam Gopiram Ruiya Seth Chhotalal Devchand

Government Nominees Shri M. R. Mayya Shri M. L. Chawla Shri A. G. Sirsi Shri J. G. Gogte

The following business was transacted in the meeting: 1 The Board discussed the situation arising out of the sudden demise of our Chairman Shri P. J. jeejeebhoy,

2 Shri M. R. Mayya, while paying tribute the late Shri P. J. Jeejeebhoy praised invaluable services rendered by him to the Stock Exchange for a long time and said that even Government had great respect for him. He further said that Shri P. J. Jeejeebhoy’s loss is irrepairable and the value of his services unredeemable.

The President suggested that for administration of our organisation and the market, our Secretary Shri A. J. Shah should be vested with the necessary authority and the matters relating to the building should be looked after by the Building Sub-Committee.

1 Thereafter a resolution was unanimously passed as follows:

“The Governing Board considered the question regarding the delegation and exercise of the power in view of the sad and sudden demise of the Chairman Shri P. J. Jeejeebhoy. The President pointed out that till any final decision is taken regarding the successor to Mr. Jeejeebhoy, it was advisable to make a proper arrangement so that the smooth functioning of the Exchange be continued. It was discussed that in view of the provisions of Rule 154(b) the functions and powers of the Chairman shall be exercised by a senior available officer of the Exchange under the directions of the Governing Board. The senior available officer of the Exchange is Mr. A. J. Shah, the Secretary of the Exchange.

After discussion it was resolved that, until otherwise resolved, all the powers of the Governing Board for day to day administration of the Exchange, including power under Rules 120(iv), 120(v), 120 (vii), 120(ix),120(x), 120, (xi), 120(xiv), 120(xv) and to regulate working of the market, shall be exercised by Mr. A. J. Shah, the Secretary of the Exchange and he is further authorized to take all the necessary steps in that behalf as he may deem fit.”

3 Unanimously resolved to give powers to our Secretary Shri. A. J. Shah for considering listing applications for enlistment of bonus / right securities issued by the companies listed on the Exchange or new Securities issued by them without Prospectus and for admitting such securities in the list of securities traded on the Exchange.

Sd/- Sd/- A. J. Shah Laldas Jamnadas Secretary President

Date: 11-3-80

2 Monday, 18-2-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 4.30 pm. under the Chairmanship of Seth Mathradas Samaldas wherein the under mentioned members of Board were present

Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Jasvantlal Chhotalal Seth Bhupendra Champaklal Dalal Seth Vasantlal Kantilal Shah Seth J. R. Motishaw Seth Laldas Jamnadas Seth A. R. Mahadevia Seth Navinchandra Chhaganlal Kampani Seth Ashokkumar Girdharlal Fozdar Seth Jayant Amerchand Seth Jayantilal Rangildas Khandwala Seth Rasiklal Maneklal Seth Purshottam Gopiram Ruiya Seth Chhotalal Devchand

Government Nominees Shri M. R. Mayya Shri M. L. Chawla Shri A. G. Sirsi Shri J. G. Gogte

The following business was transacted in the meeting: 1 Dr. N.K. Sengupta, Jt. Secretary, Economics Affairs Department, Finance Ministry had come on a visit. The President welcomed him and introduced him to the members of the Board and expressed hope that the Government’s support, co- operation and valuable guidance will continue to be available as before, even after the unexpected demise of our respected Chairman the late Shri P.J.Jeejeebhoy because of which his meeting with the late Shri P.J. Jeejeebhoy which was scheduled to take place to-day as planned in advance did not materialise. Making mention of the unmatchable service rendered by the late Shri P. J. Jeejeebhoy to our Stock Exchange and other Stock Exchanges as well as his valuable guidance that was being received by the Government and which would not be available now, he highly lauded Shri P.J. Jeejeebhoy. He emphasized the need to protect the high prestige built-up by Shri P.J. Jeejeebhoy and continue to endeavor to complete the unfinished tasks begun by him.

1 Thereafter, the Board discussed matters relating to the problems faced by the companies, investors, brokers and the stock broking business because of the provisions of Sections 108 (1-A) to (1-D) of the Companies Act as well as the recommendations made in the Sachar Committee’s Report.

Sd/- Sd/- A.J. Shah Mathradas Samaldas Secretary President

Date: 11-3-80

2 Tuesday, 11-3.-1980 A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm. under the Chairmanship of Seth Mathradas Samaldas, wherein the undermentioned members of the Board were present:

Seth Mathradas Samaldas Seth Bhupendra Champaklal Devidas Seth Ishwarlal Chhotalal Seth J. R. Motishaw Seth Vasantlal Kantilal Shah Seth A. R. Mahadevia Seth Laldas Jamnadas Seth Ashok Kumar G. Fozdar Seth Navinchandra Chhaganlal Kampani Seth Jayantilal Rangildas Khandwala Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth Rasiklal Maneklal Seth Chhotalal Devchand

Government Nominees Shri. M. R. Mayya Shri J. G. Gogte

The following business was transacted in the meeting:

1 The applications for help of the undermentioned institutions were consider and it was resolved to donate Rs. 101/- to each of them 1 The Bombay Dumb and Deaf Institution 2 All India Federation of the Deaf.

2 The application dated 7-3-80 from our office staff member Shri Ashwin M. Shah was considered and it was resolved to give him help of Rs. 238/- for the college fee of the second term of first LLB, examination fee, etc. from Seth K.R.P. Shroff Stock Exchange Sarvajanik Fund..

1 3 The application dated 6-3-80 of our Sepoy Vilas Gyandev for giving him help we considered and it was resolved to give him help of Rs. 283/- from Seth. K.R.P. Shroff Stock Exchange Sarvajanik Fund for the 2nd term college fee of B. A. Final Part 2.

4 The report of Shri Shapurji Brorcha Brokers’ Helping Fund dated 15-2-80 was read and it was resolved to approve it.

5 The late Shri Harkisandas Pranlal Desai was being geven help from Sir Shapurji Brorcha Brokers Helping Fund As he has expired, his son Shri Amratlal Harkisandas’s application dated 15-1-80 for giving that help for one more year because of the expenses incurred in performance of the obsequies ceremonies was considered and it was resolved to give to help of Rs. 480/- to Shri Amratlal Harkisandas from Sir Shapurji Brorcha Brokers Helping Fund.

6 The applications for loans of the undermentioned persons of our office staff were considered and it was resolved to give them loans as mentioned against their respective names: Shri V. K. Suverna Rs. 10,000/- Liftman Maruti Govind Gajmal Rs. 4,000/- Sepoy Dinanath Sarmalkar Rs. 4,000/-

7 The application dated 9-1-80 of Shri Ajay R. Vakharan for appointing Shri M. J. Halai as his Remiser was considered and it was resolved that his request could be acceded to .

8 As Shri Vasantlal Chhampakal has expired, the letter dated 7-3-80 of Shri Jitendra Champaklal Mashruwala, Smt. Sumati Vasnatlal and Shri Deepal Vasantlal Mashriwala asking for permission to continue the business of the partnership firm of M/s. Bhaidas Maganlal & Co. was considered and it resolved to give them permission to continue the business of the partnership firm of M/s. Bhaidas Maganlal & Co. upto 31-3-80.

2 9 The letter dated 26-12-79 of S/Shri Rasiklal Sarabhai Jhaveri and Pradip Rasiklal Jhaveri was read and it was noted that, as Shri Arunbhai Sarabhai Jhaveri has expired on 10-12-79 his partnership in the firm of M/s. S. D. Jhaveri has ceased.

10 The application dated 19-1-80 of the S/Shri Minoo Ardesar Karanjia, Soli Ardesar Karanjia and Madhur Madan Morarka for their partnership was considered and it was resolved to approve the partnership under the name of M/s. Batliwala & Karani with effect from 1-1-1980.

11 The letter of the undermentioned members were read and it was resolved to approve the permission given to them to do business as Representative Members as shown below:

Nominating Member Representative Member Shri V. K. Nanvati Shri Khamchand Serdarji Raval SHri Manubhai Maneklal Shri Ramniklal Mangaldas M/s. Mohanlal Nagardas & Co. Shri Gopikishan Kishanlal Rungta

12 The application dated 28-1-80 of Shri Narendra P. Broker for nominating Shri Alkesh Dinesh Modi in his own place was considered and after hearing his recommenders S/Shri R. R. Shah and Jitendra Harjivandas it was resolved by 13 votes in vavour and none against to elect Shri Alkesh Dinesh Modi as member of the Exchange in the place of Shri Narendra P. Broker, subject to the Rules and Regulations of the Exchange on condition that he should not do business in the market in his own name for a period of two years.

13 Resolved that S/Shri Jayantilal Mansukhlal Dalal, Nagindas Trambkalal and S. N. Shah be appointed as scrutineers for scrutinising the ballot papers for election of the Governing Board for the year 1980-81 and declaring its result.

3 14 The letter dated 28-1-80 and 25-2-80 of Shri Chimanlal Khanna were read and it was resolved to inform him to make an application for membership of according to the Rules and Regulation of the Exchange.

15 “RESOLVED THAT the first interest for the period ended 31st March, 1980, on the Fixed Deposits with us be made payable to the depositors through Bank of India, Stock Exchange Branch, Bombay from our Current Account with them.

Further, Resolved that the signature of Mr. A.J. Shah be pre-printed on the interest warrants and that Mr. A.J. Shah is hereby authorised to give instructions regarding operation of the account and relating to payment of the interest either in cash or by Money Order as the case may be, on behalf of the Exchange and to sign letters of indemnity and undertaking required by the Bank of India, for that purpose, as per the specimen thereof produced to the Governing Board with such alterations as may be deemed necessary.

Further Resolved that the common seal of the Exchange be affixed to the above mentioned letters of indemnity and undertaking in the presence of two members of the Governing Board namely Shri Jayant Amerchand and Shri Vasantlal Kantilal Shah.”

16 In the case of the Public Issue of its Convertible Bonds, Tata Engineering and Locomotive Co. Ltd. desires to pay brokerage at a rate higher than the usual rate and also on a graded scale. In that connection, Governments letter dated 3-3-80 was considered and the matter was discussed and it was resolved that we are in favour of the Scheme of brokerage prepared by the Company to encourage brokers to make the necessary hard efforts and put in hard work for getting the bonds subscribed in view of the huge amounts of the Bonds and because the Bonds are not being undermention

It was further resolved that we favour in principal payment of brokerage at rates higher the usual rate and / or in quoted scale in order to necessary encouragement to brokers also in Public Issues of such their Debentures / Bonds of very large amounts.

4

17 The listing application of the undermentioned Companies were considered and it was unanimously resolved that, subject to the Listing Rules & Regulation as well as compliance with the usual requirement and other special requirement stipulated by us, their below mentioned securities should be placed in our list of Non-Cleared Securities traded on the Exchange and their trading lots should be fixed:

Techno Electric and Engineering Co. Ltd. Equity Shares Sulfar India Ltd. Equity Shares Currim Keskami Ltd. Equity Shares Western India Erectors Ltd. Equity Shares Deccan Investment Ltd. Equity Shares Upar Chemicals Ltd. Equity Shares Crauetey Ltd. Equity Shares ----- and Lloyds of India Ltd. Equity Shares Eence ----- Development Co. Ltd. Equity Shares Mipco Investment Ltd. Equity Shares Shrideet Trading and Agencies Ltd. Equity Shares The Industrial Credit and Investment 6 ¾ % Bonds (2000) Corporation of India Ltd.

18 The letters of the under mentioned companies were read and it was unanimously resolved that their securities should be removed from our list of securities traded on the Exchange as they do not want to continue their securities to be traded; Aruna Sugars Ltd. The Devnagri Cotton Mills Ltd. The Dehri-Rohtas height Rly Co. Ltd. Ashok Cement Ltd. Textile Processing Corporation of India Ltd.

18 Unanimously resolved to removed the undermentioned securities from our list of Securities traded on the Exchange as they have been redeemed:

5 Gujarat State Fertilizer Co. Ltd 9.3 % Pref. Shares Kirloskar Oil Engines Ltd 8.10% Participating Pref. Shares

Sd/- Sd/- A. J. Shah Mathradas Samaldas Secretary President Date: 17-4-80

6 iThursday, 17-4-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 2.30 pm., in the beginning under the Chairmanship of Seth Mathradas and thereafter under the Chairmanship of Shri Laldas Jamnadas wherein the under mentioned members of Board were present:

Seth Laldas Jamnadas Seth Jayantilal Rangildas Khandwala Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Arvind Chimanlal Dalal Seth Prabhudas Lilladher Seth Jasvantlal Chhotalal Seth Ashokkumar Girdharlal Fozdar Seth Jayant Amerchand Seth J. R. Motishaw Seth Rasiklal Maneklal Seth Purshottam Gopiram Ruiya Seth Bhupendra Champaklal Dalal Seth Kirtikumar Narbheram Parekh Seth Ramdas Lallubhai

Government Nominees Shri M. R. Mayya Shri J. G. Gogte

The following business was transacted in the meeting: 1 Proposed by Shri Rasiklal Maneklal and supported by Shri Jayant Amerchand, Seth Mathradas Samaldas was unanimously elected as a Chairman of today’s meeting. 2 Proposed by Seth Mathradas Samaldas and supported by Seth Rasiklal Maneklal it was unanimously resolved to elect Seth Laldas Jamnadas as the President. Seth Mathradas Samaldas handed over to the Chairmanship to Seth Laldas Jamnadas. Seth Laldas Jamnadas thanked all the members of the Board for reposing their trust in him by re-electing him as the President and praised the service rendered by Seth Mathradas Samaldas to our Association as President. He welcomed S/Shri Arvind C. Dalal, Prabhudas Lilladher, Kirtikumar Narbheram Parekh and Ramdas Lallubhai and congratulated them for being elected as members of the Board. He said that all of us are proud by the way in which we have maintained our name, fame and honour during

1 more than hundred years existence of our market and expressed hope that old and new members of the Board will continue to give co-operation for that collectively and individually by making sacrifice. He also expressed hope that the Government Nominees also will continue to give support and co-operation as usual. 3. Proposed by Seth Rasiklal Maneklal and supported by Seth Purshottam Gopiram Ruia it was unanimously resolved to elect Shri Vasantlal Kantilal Shah as the Vice-President. 4. Proposed by Seth Jayant Amerchand and supported by Seth Arvind C. Dalal it was unanimously resolved to elect Seth Navinchandra Chhaganlal Kampani as Treasurer. 5. Resolved to nominate the undermentioned persons as members of the Arbitration Committee for the year 1980-81 : Shri Keki N. Chinoy Shri V.K. Nanavati Shri Jayantilal H. Dalal Shri Jayendra D. Mehta Shri Champaklal Balubhai Marfatia Shri Rasiklal S. Jhaveri Shri D.V. Shukla Shri Govindbhai B. Desai Shri Hariram Dwarkadas Shri Jitendra Champaklal Mashruwala Shri Bhagubhai Amthalal Gandhi Shri Shirish Chimanlal Dave Shri S.M. Shah Shri Kirtilal K. Shah Shri Nagindas Trambaklal Parekh Resolved further that the remaining one seat should be filled up later.

6. Resolved that the Defaulter Committee for the year 1980-81 should be appointed consisting of the undermentioned members: Shri Jayant Amerchand Shri Jayantilal Mansukhlal Dalal Shri Vasantlal Kantilal Shah Shri Rasiklal S. Jhaveri Shri Jasvantlal Chhotalal Shri Nagindas Trambaklal Parekh

7. Resolved to appoint Sir Shapurji Broacha Brokers’ Helping Fund consisting of S/Shri J.R. Motishaw, Mathradas Samaldas, Jayant Amerchand and Dhirajlal Maganlal. 8. Resolved to appoint the Building Finance Committee consisting of the undermentioned members: Shri Jayant Amerchand Shri J.R. Motishaw

2 Shri Vasantlal Kantilal Shah Shri Rasiklal Maneklal Shri Mathradas Samaldas

9. Resolved to appoint Building Works Committee consisting of S/Shri Jayant Amerchand, Vasantlal Kantilal Shah, Jasvantlal Chhotalal, Ashokkumar G. Fozdar, Prabhudas Lilladher, Ramdas Lallubhai, Jayantilal Mansukhlal Dalal and Nagindas Trambakdas.

10. Resolved that cheques be signed by the President Shri Laldas Jamnadas, or the vice President Shri Vasantlal Kantilal Shah or the Hon. Treasurer Shri Navinchandra Chhaganlla Kampani and any one of the following five members of the Governing Board, namely Shri J. R. Motishaw, Shri Jayant Amerchand, Shri Jaswantlal Chhotalal, Shri Arvind C. Dalal and Shri Ramdas Lallubhai and be countersigned by the Secretary Shri A.J. Shah and in his absence by Shri S.N. Karaka or Shri M.D. Vyas.

11. Resolved that the various accounts and safe custody accounts of the Exchange be operated on jointly by the President Shri Laldas Jamnadas or the Vice-president Shri Vasantlal Kantilal Shah or the Hon. Treasurer Shri Navinchandra Chhaganlal Kampani and by any one of the following five members of the Governing Board, namely, Shri J.R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Jasvantlal Chhotalal and Shri Ramdas Lallubhai and be countersigned by the Secretary, Shri A.J. Shah and in his absence by Shri S.N. Karaka or Shri M.D. Vyas.

12. Resolved that the current account and safe custody accounts with Bank of India in the name of the Stock Exchange Staff Provident Fund and the Stock Exchange Staff Gratuity fund be operated on either by any law of the Trustees of the Exchange for the time being or the survivors or survivor of them or jointly by the Hon. Treasurer Shri Navinchandra Chhaganlal Kampani and any one of the following five members of the Governing Board, namely, Shri J.R. Motishaw, Shri Rasiklal Maneklal, Shri Jayant Amerchand, Shri Jasvantlal Chhotalal and Shri Ramdas Lallubhai and be countersigned by the Secretary Shri A.J. Shah and in his absence by Shri S.N. Karaka or Shri M.D. Vyas.

3 13. The Governing Board was informed that Bank of Baroda, Bombay, has agreed at the request of “The Stock Exchange” to grant to the Stock Exchange a clean Temporary Overdraft facility up to a limit of Rs. 20,00,000/- ( Rupees Twenty Lakhs Only) inter alia against the following documents and after noting this it was:-

RESOLVED THAT sanction be and is hereby given to the Stock Exchange to borrow from Bank of Baroda, Bombay, by way of clean Temporary Overdraft Account up to a limit of Rs. 20,00,000/- (Rupees Twenty Lakhs only) inter alia against the following documents and that “The Stock Exchange” do execute the relevant documents in this behalf.

1. A Demand pronote for Rs. 20,00,000/- signed on behalf of the Stock Exchange by Shri Laldas Jamnadas, the President, Shri Vasantlal Kantilal Shah, Member of the Governing Board, and by the Secretary Shri A.J. Shah. 2. A letter of continuing security for Rs. 20,00,000/- signed on behalf of “The Stock Exchange” by Shri Laldas Jamnadas, the President, Shri Vasantlal Kantilal Shah, Member of the Governing Body and by the Secretary Shri A.J. Shah.

RESOLVED FURTHER THAT the said Overdraft Account with the Bank be operated upon by (1) the President, Shri Laldas Jamnadas or the Vice- President Shri Vasantlal Kantilal Shah or the Hon. Treasurer Shri Navinchandra Chhaganlal Kampani (2) any one of the following five Members of the Governing Board, namely, Shri J.R. Motishaw, Shri Jayant Amerchand, Shri Jasvantlal Chhotalal, Shri Arvind C. Dalal and Shri Ramdas Lallubhai and be countersigned by the Secretary, Shri A.J. Shah, and in his absence by Shri S.N. Karaka or Shri M.D. Vyas. RESOLVED FURTHER THAT the said Bank be and are hereby authorised to honour all cheques, Bills of Exchange, Promissory Notes, drawn, endorsed, accepted or made by the abovenamed as aforesaid and to act on instructions so given by them relating to the account whether the same be overdrawn or not or relating to the transactions of the Company.

4 RESOLVED LASTLY THAT a certificate true copy of the foregoing resolution be furnished to the Bank for their records.

14. The application dated 24-3-80 of the near relatives of the late Shri Champaklal Amerchand nominating Shri Harikishan Hiralal Bisa as a member of the Exchange in the place of the late Shri Champaklal Amerchand was considered and after interviewing Shri Harikishan Hiralal Bisa and his recommenders S/Shri Vinaychandra Narbheram Parekh and Brijmohan Sagarmal it was resolved by15 votes in favour and none against to elect Shri Harikishan Hiralal Bisa as a member of the Exchange in place of the late Shri Champaklal Amerchand subject to the Rules and Bye-laws of the Exchange. 15. The application dated 2-4-80 of Shri Sakarchand Hathsung nominating Shri Hemendra Mathradas Kothari as a member of the Exchange in his own place was considered and after interviewing Shri Hemendra Mathradas Kothari and his recommenders S/Shri Maganlal T.Vora and Priyankant M. Dalal it was resolved by 15 votes in favour and none against to elect Shri Hemendra Mathradas Kothari as a member of the Exchange in the place of Shri Hathsung Sakarchand, subject to the Rules and Regulations of the Exchange. 16. The application dated 18-2-80 of the near relatives of the late Shri Jasvantlal Maneklal nominating Shri Mahendra Chunilal Babu as a member of the Exchange in the place of the late Shri Jasvantlal Manilal was considered and after interviewing Shri Mahendra Chunilal Babu and his recommenders S/Shri Sureshchandra Nandlal and Narandas Jawaharlal it was resolved by 12 votes in favour and 3 against to elect Shri Mahendra Chunilal Babu as a member of the Exchange in the place of late Shri Jasvantlal Maneklal subject to the Rules and Regulations of the Exchange on condition that he should not do business in the market in his own name for a period of two years. 17. The application dated 20-3-80 of Shri Cyrus P. Bharucha for the post of a computer operator was considered and it was resolved to appoint him for the said post in the grade of Rs. 750-50-1,500, with the initial pay of Rs.750/- per month. 18. The application dated 15-10-79 of our former site supervisor Shri M.S. Kaupara was considered and it was resolved to pay him the amount of Rs. 2197.44p accumulated in his Provident Fund Account.

5 19. The application dated 26-3-80 of our office sepoy Dattaram Govind fro giving him a loan was considered and it was resolved to give him a loan of Rs. 5000/-. 20. The letter dated 12-3-80 of Ms. Pramila Suryakant Maniar, wife of late Shri Suryakant Harilal Maniar was considered and it was resolved to approve the permission granted to Shri Hemantkumar Rasikalal to continue the business of late Shri Suryakant Harilal Maniar as per her request. 21. The letter dated 28-3-80 of Smt. Prabhavte Ratilal Shah and S/Shri Ramniklal Ratilal Shah and Saualal Ratilal Shah was considered and it was resolved that as requested by them Shri Ramniklal Ratilal Shah should be given permission to continue the business of M/s R.J.Shah & Co., for a period of three months. 22. Letter of the undermentioned members were read and it was resolved to approve the permission given to do business as a Representative Member as shown below: Nominating Member Representative Member M/s R.M. Thanvi Shri M.G. Damani M/s Debidutt K. Modi Shri Vinitkumar P. Parikh 23. The undermentioned partnerships were approved: Name of the Partnership Firm Name of Partners Date of Partnership M/s Bhaidas Maganlal Shri Jitendra Champaklal 1-4-80 Shri Vinay Jitendra Mashruwala

M/s Jasvantlal V. Bhagat Shri Jasvantlal V. Bhagat 1-4-80 Shri Bakul Jasvantlal Bhagat 24. The letter dated 15-4-80 of M/s Hiralal Lilladher as well as the letter dated 22-3-80 of Shri Bhagwandas Madurai and the letter dated 24-3-80 of Shri Dwarkadas J. Madurai was read and it was resolved to give permission to Shri Bharat Hiralal to do business in the market in his own name if he gives an additional membership security of Rs.50,000/-. 25. The Government’s letter dated 10-3-80 regarding Nagarjuna Fertilisers and Chemicals was considered and it was resolved that taking into consideration the large amount of capital to be issued by the Company we have no objection to permission being given to the Company for issuing equity shares of the face value of Rs.100/- each.

6 26. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations and compliance with the usual requirements and other specific requirements stipulated by us, their below mentioned securities should be placed in our list of Non-Cleared Securities traded on the Exchange and their trading lots should be fixed: Narendra Explosives Ltd. ….. Equity Lohia Machines Ltd. ….. Equity Ruston and Hornsby (India) Ltd. …… Equity Modern Suiting Ltd. …… Equity Indo Swiss Time Ltd. …… Equity 27. Unanimously resolved that as the undermentioned companies have not yet paid the Annual Listing fee for the year 1979 though repeatedly reminded, their securities should be removed from our list of securities traded on the Exchange if they do not pay up the said fee until 17-5-80: 1. Arakali Swachatel Vahan Ltd. 2. Behar Hotels Ltd. 3. Chenco Pulp Tissues Ltd. 4. Heneket Industrial Investment Co. Ltd. 5. Indo-Swiss Pipe Manufacturers Ltd. 6. New Commercial Investment and Trading Co. Ltd. 7. Prestolete of India Ltd. 8. Punchkala Mart Ltd. 9. Ramacast Ltd. 10. Sakarmari Steel & Alloys Ltd. 11. Simtade Ltd. 12. Vijaywada bottling Co.Ltd. 13. Willard India Ltd.

28. The letters of the undermentioned companies were read out and it was unanimously resolved to remove their securities from our list of securities traded on the Exchange as the companies do not want to continue their securities to remain in our list of securities traded on the Exchange. 1. Mercantile Credit Corporation Ltd. 2. The British India Corporation Ltd.

7 3. Daleriwala Steel and Engineering Co.Ltd.

29. Unanimously resolved that as the deferred shares of Swastik Textile Mills Ltd., have been converted into ordinary shares, the deferred shares should be removed from our list of securities traded on the Exchange.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Date: 26-4-80

8 Saturday, 26-4-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 4.30 pm., under the Chairmanship of Seth Laldas Jamnadas wherein the under mentioned members of Board were present:

Seth Laldas Jamnadas Seth Jayantilal R. Khandwala Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Prabhudas Lilladher Seth Jasvantlal Chhotalal Seth Ashokkumar Girdharlal Fozdar Seth Jayant Amerchand Seth J. R. Motishaw Seth Rasiklal Maneklal Seth Purshottam Gopiram Ruiya Seth Bhupendra Champaklal Dalal Seth Kirtikumar Narbheram Parekh Seth Ramdas Lallubhai

The following business was transacted in the meeting: 1 The President and Seth Bhupendra Champaklal had discussion in Delhi with Dr. Sengupta, Jt. Secretary, Finance Ministry and Shri M.R. Mayya of the Stock Exchange division about selection and appointment of a successor to our late Chairman Shri P.J. Jeejeebhoy. The President acquainted the Board about that discussion and Government’s view in that respect. Keeping that in mind it was resolved to appoint a Selection Committee consisting of S/Shri Hasmukh T. Parekh, Laldas Jamnadas, Vasantlal Kantilal Shah, Jayant Amerchand and a Government Nominee under the Chairmanship of Shri Hasmukh T. Parekh to select a successor to late Shri P.J.Jeejeebhoy.

It was further resolved that if the Committee has any difficulty in selecting a suitable person it may make selection after inviting applications by advertisement.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President Date: 2-5-80

1 Friday, 02-05-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 4.00 pm., under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth Jayantilal R. Khandwala Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Prabhudas Lilladher Seth Jasvantlal Chhotalal Seth Ashokkumar Girdharlal Fozdar Seth Jayant Amerchand Seth J. R. Motishaw Seth Bhupendra Champaklal Devidas Seth Purshottam Gopiram Ruiya Seth Ramdas Lallubhai Seth Kirtikumar Narbheram Parekh

Government Nominee Shri M. R. Mayya

The following business was transacted in the meeting: 1. The Board considered the Report dated 02-05-1980 submitted by the Committee appointed for making recommendation for appointment of a successor to the Late Shri P. J. Jeejeebhoy and took note of the Committee’s unanimous recommendation for appointment of Shri V. D. Sonde. During the discussion on the matter, Shri M. R. Mayya said that though the Government’s approval for appointment of the Chairman is not needed under the present Rules and Regulations, we should write to the Government to know the views about the abovementioned appointment, as a matter of courtesy, and should make the appointment only after receipt of Government’s reply. It will be necessary to make suitable amendments in the Rules and Regulations for obtaining prior approval of the Government for making appointment of the Chairman in the future. After discussion, it was resolved that the matter relating to appointment of Shri V. D. Sonde as our Chairman as per the recommendation of the abovementioned Selection Committee should be considered in the next meeting hereafter. 2. The President acquainted the Board with the details of the objections received in connection with the transfer of offices from our existing building to the new

1 building and the situation that has arisen because of that and the efforts being made by the Building Sub – Committee.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Date: 09-05-1980

2 Thursday, 10-06-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 4.30 pm., under the Chairmanship of Shri Laldas Jamnadas wherein the under mentioned members of the Board were present:

Seth Laldas Jamnadas Seth Jayantilal Rangildas Khandwala Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Prabhudas Lilladher Seth Jayant Amerchand Seth Ashokkumar G. Fozdar Seth Rasiklal Maneklal Seth Purshottam Gopiram Ruiya Seth Jasvantlal Chhotalal Seth Kirtikumar Narbheram Parekh Seth Ramdas Lallubhai

Government Nomonees Shri M. K. Chawla Shri J. G. Gogte

The following business was transacted in the meeting: 1. The matter relating to taking of a loan from Bank of India was discussed 2. “Resolved That a notice as under should be issued:

“All the Members are hereby informed that the Governing Board has resolved that as the work of shifting the members’ offices to the new building is going on at present for facilitating that work, it has been decided to make arrangements for doing business in the market and fix the programme as under:

Wednesday, 11-06-1980 – ST.T.12 to 2 pm in the existing Trading Hall Thursday, 12-06-1980 – The market will remain closed for business Friday, 13-06-1980 – ST.T.12 to 1 pm in the existing Trading Hall Saturday, 14-06-1980 – ST.T.12 to 1pm in the New Building Monday, 16-06-1980 – ST.T.12 to 1pm in the New Building Tuesday, 17-06-1980 – ST.T.12 to 2pm in the New Building Wednesday, 18-06-1980 – ST.T.12 to 2pm and Budget Session in the New Building Thursday, 19-06-1980 and onwards – As usual in the New Building

1

3. As there appeared to be misunderstanding among some members regarding the temporary offices given to members in the new building in lieu of their original offices in the Stock Exchange buildings, it was RESOLVED THAT after completion of the construction, in including the IInd phase, where find allotment of offices is made to the members in the new building in lieu of their original offices, special care will be taken to allot them offices, the same area as that of the original office, according to our records or of the area of their offices in the present building whichever be larger and as much as possible ground the trading hall in the new building, according to the location of their original offices around the their trading hall. If the area of the new office allotted be smaller than that of their original office, the remaining office space will be allotted some distance away.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Date: 16-06-1980

2 Monday, 16-06-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 4:30 p.m. under the Chairmanship of Shri Laldas Jamnadas, wherein the undermentioned members of the Board were present;

Seth Laldas Jamnadas Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Kantilal Shah Seth Prabhudas Lilladher Seth Mathradas Samaldas Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth J.R. Motishaw Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth Rasiklal Maneklal Seth Kirtikumar Narbheram Parekh Seth Jayantilal R.Khandwala Seth Ramdas Lallubhai

Government Nomonees Shri M. K. Chawla Shri J. G. Gogte The following business was transacted in the meeting;

1. The President acquainted the Board about the on going negotiations with the Bank of India to give it on lease two floors in the tower of our new building and obtain from it a loan of Rs. 1,25,00,000/-. He also gave a report of his talks with the Government on 13.06.1980 about appointment of a Chairman of our Exchange.

2. The application dated 23-05-1980 of Shri Ramesh H. Patel, site supervisor of our new building, for a loan of Rs. 2000/- was considered and it was resolved to give approval for that loan given to him.

3. The application dated 20-05-1980 of our sepoy Tukaram Bhikaji for giving him a loan was considered and it was Resolved to give him a loan of Rs. 4000/-.

4. The letter dated 14-05-1980 of Shri Tribhovandas Keshavlal and Devendra Kesawlal was read and it was noted that Shri Devendra Kehvlal had ceased to

1 be a partner in the firm of M/s. Kesavdas Pranjivandas with effect from 1-4- 1980.

5. The Government’s letter dated 27-3-80 was considered and it was resolved to inform the Government in writing that we were against putting any restrictions on transfer of shares in small lots.

6. Resolved that the notice No. 1254/80 dated 11-6-80 put up by the President, should be confirm. It was further Resolved that in order to facilitate work of shifting of offices of the members that is going up on at present, our market should be kept closed for business on Wednesday, 25-06-80 and Friday, 26- 6-80.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Date: 19-06-1980

2 Thursday, 19-06-1980

A meeting of the governing Board of the Stock Exchange was held today at S.T. 6:00 p.m. under the Chairmanship of Shri Laldas Jamnadas, wherein the undermentioned members of the Board were present;

Seth Laldas Jamnadas Seth Jayantilal R. Khandwala Seth Vasantlal Kantilal Shah Seth Prabhudas Lilladher Seth Mathradas Samaldas Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth J.R. Motishaw Seth Jayant Amerchand Seth Navinchandra Chhaganlal Kampani Seth Rasiklal Maneklal Seth Kirtikumar Narbheram Parekh Seth Ramdas Lallubhai

Government Nomonees Shri M. K. Chawla

1. Dr. N.K. Sengupta, Jt. Secretary, Finance Ministry of Economic Affairs department and the Controller of Capital issues, Shri R.N. Bansal, were present by invitation. The matter regarding proposed amendments to section 108(1A) to (1D) of the Companies Act, contemplated by Government was discussed with them. 2. The President informed the Board about the talks he had with Government about appointment of Shri V.D. Sonde as Chairman of our Exchange.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Date: 01-07-1980

1 Thursday, 01-07-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3:30 p.m. under the Chairmanship of Shri Laldas Jamnadas, wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth Jayantilal Rangildas Khandwala Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Prabhudas Lilladher Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Arvind Chimanlal Seth Purshottam Gopiram Ruiya Seth Jayant Amerchand Seth Kirtikumar Narbheram Parekh Seth Rasiklal Maneklal Seth Ramdas Lallubhai

Government Nomonees Shri M.R. Mayya Shri M. K. Chawla Shri J. G. Gogte The following business was transacted in the meeting;

1. In response to our proposal for appointment of Shri V.D. Sonde as Chairman of our Exchange, Government’s letter dated 21-07-1980 and its telex message 23-03-1980 giving approval for appointment of Shri V.D. Sonde as Executive Director were read out after discussing the matter it was resolved that the President should persuade the Government to grant our desire to appoint Shri V.D. Sonde as Chairman of our Exchange.

2. Resolved that the tenants of our erstwhile Karson Netha builder who have been given office on the fifth floor of the Exchange building and are again to be shifted to office in our new building under construction should again be given assurance in writing by the President, as given by the Chairman previously that after completion of construction of our

1 new building they will be given offices in the new building of the same area as of there original offices.

3. In connection with the request of the members to them to install telephones in the Trading Hall in view of the difficulties experienced by them in communicating between their offices and the market because of the long distances between their offices in the new building and the Trading Hall, it was RESOLVED THAT subject to the number of such telephones which could be installed in the Trading Hall, permission should be granted to members for installation of our telephone per number on payment of subscription of Rs. 4000/- p.a.

4. “The President reported that the Bank of India (hereinafter referred to as “the Bank) had agreed with the Stock Exchange to take on lease two floors in their New Building, which is under construction, each admeasuring 9,000 sq. ft., for the purpose of accommodating the various Departments and offices of the Bank as set out in their letter No. BMH,DVP,NGK,12796 dated 28.05.1980, Stock Exchange letter dated 29.05.80 and Bank’s letter dated 04.06.80

He also stated that it was agreed that the Stock Exchange would execute lease in respect of the 23rd floor of the said New Building in favour of the Bank within three months and a further lease in respect of another floor within a period of three years at the most, and for that purpose it was necessary to execute a suitable undertaking in favour of the Bank pending finalization of the lease documents.

He requested the Governing Board to pass the necessary resolutions for executing the said undertaking and for such other documents as may be required to be executed by the Stock Exchange in favour of the Bank.

2 IT WAS RESOLVED AS FOLLOWS:

1. That the Stock Exchange do give on lease to the Bank the whole of the 23rd floor and also another floor, each admeasuring 9,000 sq. ft. for the period, at the rent and upon the terms and conditions set out in the Bank’s letter No. BHR/DVP/NGK/12796 dated 28th May, 1980 addressed to the Stock Exchange, Stock Exchange letter dated 29th May, 1980 addressed to the Bank’s letter dated 4th June, 1980 addressed to the Stock Exchange which be and are hereby approved and that the same be suitably incorporated in the draft Agreement to lease with the draft of the dead of lease and the draft of the Agreement for overall service and facilities (to be annexed thereto) to be executed by the Stock Exchange in favour of the Bank when the name is prepared and approved by the parties in the course and that the Stock Exchange shall execute these documents when prepared, on being requested to do so by the Bank. 2. That the Stock Exchange do execute in favour of the Bank an irrevocable undertaking to execute a lease or separate leases in favour of the Bank in respect of the said premises in terms of the draft thereof which is prodused to and approved by the Governing Board and is initialed for identification by the President. 3. That the Stock Exchange do also execute in favour of the Bank such other documents as may be required by the Bank to be executed from time to time by the Stock Exchange in favour of the Bank in a form mutually acceptable to the Stock Exchange and the Bank and that the President be and he is hereby authorized to approve all such documents on behalf of the Stock Exchange. 4. That the Common Seal of the Stock Exchange to affixed to the said documents, viz,

3 i.) Irrevocable undertaking to be give to the Bank, and ii.) Any other documents required to be executed in favour of the Bank, in the presence of Laldas Jamnadas, President of the Stock Exchange, and Jivanchand Ratanchand Motishaw , Rasiklal Maneklal, Dhirajlal Maganlal and Jayant Amerchand, the Trustees of the Stock Exchange. 5. And that the copy of the foregoing resolutions certified to be a true copy by the President be furnished to the Bank and the Bank be requested to act thereon.

5 The President reported that the Bank of India (hereinafter referred to as “the Bank) had, at the request of the Stock Exchange, agreed to grant to it a total advance of Rs. 125 lacs payment whereof with interest at the agreed dates is to be secured by an equitable mortgage of the immovable properties of the Stock Exchange situate at Dalal Street, Bombay, as mentioned in the Bank’s letter No. BMR/DVP/NGK/12797 dated 25.05.1980, Stock Exchange letter dated 29.05.1980 and Bank’s letter dated 04.06.1980.

He requested to the Governing Board to pass the necessary resolutions for obtaining the said advance of Rs. 125 lacs, execution of the documents and creation of the security in favour of the Bank.

IT WAS RESOLVED AS FOLLWS:

1 That the Stock Exchange do borrow from the Bank by way of loan an aggregate sum of Rs. 125 lacs payable at Bombay carrying interest of Rs.14% per annum with monthly interests on an amount of Rs.62.50 lacs and repayable om ten years be equated monthly installments and carrying interest @ 18% per annum for the balance of the loan of Rs.62.50 lacs to be

4 reduced to 14% p.a. from the date Bank gets possession of the second of the two floors agreed to be leased to it, repayment whereof shall commence after 3 years and shall be payable within 10 years after such repayment commences by equated monthly installments and that the terms and conditions of the said loan are as broadly set out in the Bank’s said letter No. BMR/DVP/NGK/12797 dated 28.05.1980, Stock Exchange letter dated 29.05.1980 and Bank’s letter dated 04.06.1980, and on such other terms as may be mutually Agreed upon. 2 That the Stock Exchange do execute in favour of the Bank the following documents vis: i.) The Loan Agreement in respect of the entire loan of Rs.125 lacs, ii.) Irrevocable Power of Attorney authorizing the Bank to create a mortgage on behalf of the Stock Exchange in terms of the drafts thereof which are produced to the Governing Board and initialed for identification by the President. 3 That the Stock Exchange do also execute in favour of the Bank such other documents as may be reasonably required by the Bank to be executed from time to time by the Stock Exchange in favour of the Bank in a form required by the Bank. 4 That the Common Seal of the Stock Exchange be affixed to the said documents, vis: i.) The Loan Agreement in respect of the entire loan of Rs.125 lacs ii.) Irrevocable Power of Attorney authorizing the Bank to create the mortgage on behalf of the Stock Exchange, when prepared; In the presence of Shri. Laldas Jamnadas, President of the Stock Exchange, and Shri Jivanchand Ratnchand Motishaw, Shri

5 Rasiklal Maneklal, Shri Dhirajlal Maganlal and Shri Jayant Amerchand the Trustees of the Stock Exchange.

5 That Shri Laldas Jamnadas, President of the Stock Exchange, and Shri Jivanchand Ratanchand Motishaw, Shri. Rasiklal Maneklal, Shri Dhirajlal Maganlal and Shri Jayant Amerchand the Trustees of the Stock Exchange, be and are hereby severally authorized to approve and / or confirm on behalf of the Stock Exchange any other documents that may be required by the Bank to be executed from time to time by the Stock Exchange in favour of the Bank. 6 That Shri, Laldas Jamnadas, President of the Stock Exchange, and Shri Jivanchand Ratanchand Motishaw, Shri Rasiklal Maneklal, Shri Dhirajlal Maganlal and Shri Jayant Amerchand, the Trustees of the Stock Exchange, be and they are hereby authorized jointly and each severally to attend as the Bank and deposit on behalf of Stock Exchange the title-deeds of the immovable properties belonging to the Stock Exchange comprising the land together with existing building, the New Building under construction and the building to be hereafter construction situated at the junction of Dalal Street, Apollo Street and Hamam Street with intent to create security thereon by was of equitable mortgage for the due repayment by the Stock Exchange of the total loan of Rs.125 lacs (to be availed of in two loan accounts) with interested at the agreed rates and also for any advances of any nature now due or pending or that may be made or become due hereafter from time to time either in the said loan account or accounts or in any other account and for all costs (between Advocates and Clients) charges and expenses incurred by the Bank for protection, preservation enforcement and realization of the security and recovery of its

6 dues and so that the security so created shall be and always remain a continuing security. 7 That the said Shri Laldas Jamnadas, President of the Stock Exchange, and Shri. Jivanchand Ratanchand Motishaw, Shri Rasiklal Maneklal, Shri Dhirajlal Maganlal and Shri Jayant Amerchand, the Trustees of the Stock Exchange, be and he is / they are hereby also authorized to assure declare to the Bank on behalf of the Stock Exchange that it has marketable title to said immovable properties which are to be equitably mortgage to the Bank and that, except for the mortgage already created / agreed to created in favour of (1) 8% Debenture Stock 1981-86 – Rs.2,00,00,000/- (2) General Insurance Corporation – Rs.1,25,46,000/- (3) Bank of Baroda – Rs.2,45,00,000/- there is no other mortgage, charge, lien or other encumbrance on the said immovable properties in favour of any person, firm, company, body corporate or society or entity and that the Stock Exchange has not entered into any Agreement for Sale thereof or any part or parts thereof. 8 That the said loan accounts be operated on and instructions concerning the same may be given and any acknowledgements or confirmations of debt and / or security which may be required by the Bank may be executed on behalf of the Stock Exchange by any one /two of the following persons, viz; 1 Shri Laldas Jamnadas 2 Shri Jivanchand Ratanchand Motishaw 3 Shri Rasiklal Maneklal 4 Shri Dhirajlal Maganlal 5 Shri Jayant Amerchand 9 And that a copy of the foregoing resolutions certified to be a copy a true copy of the President furnished to the Bank and the Bank requested to act thereon.

7 6 The application dated 23-6-1980 of Bai Sulochana Dattaram Kurup, was considered and it was resolved to give for assistance of Rs. 1240 from Seth KRP Shroff Stock Exchnage Sarvajanik Fund for expenses of medical treatment and post demise occurrences of our late Shri Dattaram ……. And his. 7 The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the laws Rules and Regulations and compliances with the usual requirement and other applicable requirements stipulated by us, their below mentioned scripts be should be placed in our list non listed securities traded on the Exchange and their trading lots should be fixed: 1. Standard Motor Products of India Ltd. Equity & 6.5% Prefe. 2. Sujram Silk Mills Ltd. Equity 3. New Sagar Trading Co. Ltd. Equity 4. Mac Trading Co, Ltd. Equity 5. Alirt Trading Co. Ltd. Equity 6.Ankur Agencies Ltd. Equity 7. Talbross Automotive Ltd. Equity 8. Gordon Woodross Ltd. Equity 9. Lucky Agencies Ltd. Equity 10. Akash Agencies Ltd. Equity 11. Ace Trading Co. Ltd. Equity 12. Malbar Trading Co. Ltd. Equity 13 Anmol Trading Co. Ltd. Equity 14. S.B. trading & Agencies Ltd. Equity 15. Comet Filaments (India) Ltd. Equity 16. The Industrial credit and Information 7.5% Bonds Corporation of India Limited (2000)

8 The application dated 25-06-1980 of S/Shri Nandkishore Nathumal Mandsorwala and Chandraprakash Nandkishore Mittal was considered

8 and it was resolved to approve their partnership between the two firms name of NN Mandsorwala with effect from 04-07-1980.

9 The Board considered the Government letter dated 02-06-1980 replying to Shri S. S. Gulati’s letter dated 31-03-1980, suggesting modification of the share transfer form to provide for furnishing the transferee’s folio No. be a shareholder of the company. It was Resolved that as we are of the view that Share transfer form should be as simple and easy as possible. We do not fevour the abovementioned suggestions.

10 Government’s letter dated 15-06-1980 was considered and it was resolved that we are in favour of the suggestions that if a demand warrants does not carry the discharge of the shareholders, the amount of such dividend warrant be paid by crediting it to the shareholders account on the guarantee of the Bank.

Sd/- Sd/- A.J. Shah Laldas Jamnadas Secretary President

Date: 16-07-80

9 Wednesday, 16-07-1980 A meeting of the Governing Board of the Exchange was held today at S.T. 11:30 a.m. under the Chairmanship of Shri Laldas Jamnadas wherein the undermentioned members of the Board were present;

Seth Laldas Jamnadas Seth Jayantilal Rangildas Khandwala Seth V.D. Soude Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Prabhudas Liladhar Seth Arvind C. Dalal Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya Seth Jayant Amerchand Seth Kirtikumar Narbheram Parekh Seth Rasiklal Maneklal Seth Ramdas Lallubhai

Government Nomonees Shri M. K. Chawla The following business was transacted in the meeting; 1. Resolved that as Shri Kailashnarayan Madanlal Parasrampuria has failed to meet his liabilities in the market, he is declared as a defaulter.

Further resolved that the Chairman should hereafter fix and declare the delivering rates for closing the transactions which the members have with the defaulter Shri Kailashnarayan Madanlal Parasrampuria for the settlement of the transactions from 08-07-1980 to 22-07-1980.

2. “RESOLVED HAT the second interest for the period ending 9th August, 1880 to 30th September, 1980 on the Fixed Deposit with us be made payable to the depositors through Bank of India, Stock Exchange Branch, Bombay our Current Account with them.

Further, Resolved that the signature of Mr. A. J. Shah be pre-printed on the interest warrants and that Mr. A. j. Shah is hereby authorized to give instructions regarding operation of the account and relating to

1 payment of the interest either in cash or by Money Order as the case may be, on behalf of the Exchange and to sign letters of indemnity and undertaking required by the Bank of India, for that purpose, as per the specimen thereof produced to the Governing Board with such alterations as may be deemed necessary.

Further Resolved that the common Seal of the Stock Exchange be affixed to the above mentioned letters of indemnity and undertaking in the presence of two members of the Governing Board namely Shri Jayant Amerchand and Shri Vasantlal Kantilal Shah.

Sd/- Sd/- A.J. Shah V.K. Shah Secretary President

Date: 12/08/80

2 Tuesday, 12-08-1980 A meeting of the Governing Board of the Stock Exchange was held today at ST 3:00 p.m. under the Chairmanship of Seth Vasantlal Kantilal Shah, wherein the undermentioned members were present:

Seth Vasantlla Kantilal. Shah Seth Jayantilal R. Khandwala Seth V.D. Sonde Seth Navinchandra Chhaganlal Kampani Seth Mathrdas Samaldas Seth Prabhudas Liladhar Seth Arvind C. Dalal Seth Ashokkumar G. Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Raiya Seth Jayant Amerchand Seth Kirtikumar Narbheram Parekh Seth Rasiklal Maneklal Seth Ramdas Lallubhai

Government Nominees Shri. M.R. Mayya

The following business was transacted in the meeting: 1. The application dated 14-07-1980 of the Poona School and Home for the Blind was considered and it was resolved to give it a donation of Rs. 101/-.

2. The Government’s letter dated 19-07-1980 regarding appointment of Smt. Achuttan Saraswat, Regional Director, Company Law Board, Mumbai, as a Government Nominee on our Board, in the place of Shri A.S. Suri, was read and taken note of.

3. The resignation letter of Shri. R.M. Patel, Supervisor of our new Building was read out it was resolved to accept his resignation with effect from 21-08-1980 and pay him the sum of Rs. 3011. 30/- accumulate in his Provident Fund Account.

4. Resolved that the amount of Rs. 5,44,810/38 accumulated in the Provident Fund Account of our late Chairman Shri P.J. Jeejibhoy and the gratuity of Rs. 1,00,000/-due to him should be paid for depositing in his bank account.

1

5. The applications for loan of our office staff members mentioned below were considered and it was resolved to give them loans as shown against their names: Shri. R.R. Shivalkar Rs. 5000/- Shri. A.B. S. Nair Rs. 2500/-

6. Our Association Report for the year 1979, Income and Expenditure account and balance sheet were passed.

7. The letter dated 17-07-1980 of S/Shri. Vasantlal Vrajlal, Ramesh Vrajlal and Harendra Vrajlal was considered and it was resolved that the permission given to Shri Vasantlal Vrajlal to continue the business of the late Shri Vrajlal Lallubhai for a period of three months should be approved.

8. The letter dated 17-07-80 of Shri. Jayantilal N. Jariwala and M/s. Bhagwati Prasad Rungta were read out it was resolved to approve the permission given to Shri Jayantilal N. Zariwala to do business as a representative member of M/s. Bhagwati Prasad Rungta.

9. The letter dated 26-06-1980 of Shri Viralkumar P. Parekh asking for permission to do business in the market in his own name was considered and it was resolved to write to him that if he wants to do business as a Representative Member of some other member he will be given permission for that.

10. The application dated 23-06-1980 of the near relatives of the late Shri Sevantilal Chimanlal nominating Shri Sudesh Damodarprasad as a member of the Exchange in the place of the late Shri Sevantilal Chimanlal was considered and after interviewing Shri Sudesh Damodarprasad Saboo and his recommenders S/Shri Bhagwatiprasad Roongta and Bisesarlal Khandwala it was resolved by 13 votes in favour and none against to elect Shri Sudesh Damodarprasad Saboo as a member of the Exchange in the place of the late Shri Sevantilal Chimandas, subject to the Rules and Regulations of the Exchange on the condition that within one month he

2 should leave Dinesh textiles and he should not do business in the market in his own name until 2-3-82.

11. The application dated 7-7-1980 of the near relative of the late Shri Bhagwandas Harakchand nominating Shri Pradip Rasiklal Jhaveri as a member of the Exchange in the place of the late Shri Bhagwandas Harakchand was considered and after interviewing Shri Pradip Rasiklal Jhaveri and his recommenders S/Shri V B Desai and Vipul Chinubhai it was resolved by 13 votes in favour and none against to elect Shri Pradip Rasiklal Jhaveri as member of the Exchange in the place of the late Shri Bhagwandas Harakchand, subject to the Rules and Regulations of the Exchange.

12. The application dated 2-5-1980 of Shri Shivkumar Jatashankar Sharma nominating Shri Anantrai Amarsi Parekh as a member of the Exchange in his own place was considered and after interviewing Shri Anantrai Amarshi Parekh and his recommenders S/Shri Sureshchandra Nandlal Shah and Jayantilal C. Parekh it was resolved by 13 votes in favour and none against to elect Shri Anantrai Amarshi Parekh, as a member of the Exchange in the place of Shri Shivkumar Jatashankar Sharma subject to the Rules and Regulations of the Exchange.

13. The application dated 8-7-1980 of Shri Chunilal Gogaldas Shah nominating Shri Dushyant Dayaldas Bhakta as a member of the Exchange in his own place was considered and after interviewing Shri Dushyant Dayaldas Bhakta and his recommender Shri Sudhir Chandrasen Porecha it was resolved by 13 votes in favour of and none against to elect Shri Dushyant Dayaldas Bhakta, as a member of the Exchange in the place of Shri Chunilal Gajandas Shah, subject to the Rules and Regulations of the Exchange on the condition that he should not do business in the market in his own name until 30-4-81.

14. The listing applications of the undermentioned companies were considered and it was unanimously resolved that, subject to the Listing Rules and Regulations as well as Compliance with the usual requirements and other specific reguirments

3 stipulated by us, their below mentioned securities should be placed in our list of Non-Cleared securities traded on the Exchange and their trading lots should be fixed: Shree Vallabh Glass Works Ltd. Equity The Andhra Cement Co. Ltd. Equity & 6% Preference Shares Kesorani industries and Cotton Mills Ltd. Equity 10% Prof. and 9% Prof. 11% Debenture & 7.5% Debentures Universal Convejor Bettings Ltd. Equity and Preference Rajsthan Glycoxal Ltd. Equity Iptvell Refractories Ltd. Equity and Preference Mettron Conduction Ltd. Equity Rustogi Trading and Agencies Ltd. Equity Fex Consultancy securities Ltd. Equity Swaraj Trading and Agencies Ltd. Equity Cosmo Films Ltd. Equity Sudarshan Alluminium Industries Ltd. Equity Nizam Papers and Board Mills Ltd. Equity Marathwada Refrectories Ltd. Equity and Preference Kshitij Instruments Ltd. Equity Dolphin Investments Ltd. Equity The Baroda Rayon Corporation Ltd. 11% Preference

15. Resolved that as the undermentioned companies have loan merged with Voltas Limited, their securities should be removed from our list of securities traded on the Exchange. 1. Tata Nerlyan and Grey Ltd. 2. The National Electrical Industries Ltd.

16. Resolved that the undermentioned securities should be removed from our list of securities traded on the Exchange as they have been removed; 1. The Maysore Kirloskar Ltd. - Redeemable Preference Shares 2. The Swastik Textile Mills Ltd. 5% Pref. Shares

4 3. Mahindra & Mahindra Ltd. 6% Pref. Shares 4. Graphite India Ltd. 9.3% Pref. Shares 5. Star Textiles Engineering Works Ltd. 11% Pref. Shares 6. Bharat Steel Tools Ltd. 9.3% Pref. Shares 7. The ….. Sugar Mills Ltd. 9.5% Pref. Shares 8. Mohta Industries Ltd. 9.5% Pref. Shares 9. Bombay Suburban Electric Supply Ltd. ‘E’ class Debentures 10. The Amalgamated Electricity Supply Co. Ltd. 9 ½ % Bonds Sd/- Sd/- A.J. Shah V.K. Shah Secretary President 16-9-1980 ……………………………………………………………………………………………… The Governing Board had passed the following resolution by a circular dated 5-9-1980.

“Resolved that for facilitating settlement, our market should be kept open for transacting business on the undermentioned days during the time mentioned against them until 17-9- 1980 and should be kept closed for business in between the other days.”

Day Time Saturday 6-9-1980 S.T. 12 to 1 Monday 8-9-1980 S.T. 12 to 1 Thursday 11-9-1980 S.T. 12 to 1 Friday 12-9-1980 S.T. 12 to 12:30 Tuesday 16-9-1980 S.T. 12 to 1 Sd/- Sd/- A.G. Shah V.K. Shah Secretary President Date:16-9-1980

5 Tuesday, 16-9-1980

A meeting of the Governing Board of the Stock Exchange was held today at ST 3:00 p.m. under the Chairmanship of Seth Vasantlal Kantilal Shah, wherein the undermentioned members were present: Seth Vasantlal K. Shah Seth Jayantilal R. Khandwala Seth V.D. Soude Seth Navinchandra Chhaganlal Kampani Seth Mattradas Samaldas Seth Prabhudas Liladhar Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Jayant Amerchand Seth Purshottam Gopiram Raiya Seth Bhupendra Champaklal Seth Kirtikumar N. Parekh Seth Ramdas Lallubhai

Government Nominees Shri. J. G. Gogte The following business was transacted in the meeting: 1. On account of the go slow policy adopted by the staff of the members for a long time till now, settlements of transactions in ‘A’ group and ‘B’ Group Securities have not taken place since long and are still pending. Board deliberated on the risky situation of the market that has arisen because of this and resolved that in view of the above the prevailing conditions our market should be kept closed for doing business from Wednesday 17-9-1980 to Friday 19-9-1980 for facilitating Settlement work. 2. The application dated 23-08-1980 of Indian Red Cross Society for help was considered and it was resolved to give it a donation of Rs. 101/-. 3. The application dated 11-9-80 of Shri Ashwin M. Shah of our office staff was consider and it was resolved to give him assistance of Rs. 146/- from Seth KRP Stock Exchange Sarvajanik Fund for college fee of the first term of Second LLB 4. The letter dated 21-8-80 of S/Shri Rasiklal Sarabhai Jhaveri and Pradeep Rasiklal Jhaveri was read and it was resolved that Shri Pradeep Rasiklal Jhaveri had ceased to be a partner in the partnership firm of M/s. S. D. Jhaveri from 16-8-80 5. The application for the under mentioned Partnership were considered and approved.

1 Name of the Partnership Firm Name of Partners Date of Partnership M/s. R. P. Shroff & Sons Shri Farodose Nasarwanji Kapadia 20-5-1980 Shri Pradip Rasiklal Jhaveri M/s. Maneklal Somchand Shah Shri Maneklal Somchand Shah 1-8-1980 Shri Jitendra Maneklal Shah Shri Kirti Maneklal Shah Shri Nitin Maneklal Shah

6. The Letter dated 29-8-80 of S/Shri Faredoon Nasarwanji Kapadia and Pradip Rasiklal Jhaveri was read and iit was noted that Shri Foredoon Nasarwanji Kapadia had ceased to be a partner in the firm of M/s. R. P. Shroff and Sons from 31-8-80 7. The letters of the under mentioned members were read and it was resolved to approve the permission givrn for doing business as Representative Members as shown below Nominating Member Representative Member Shri Sureshchandra Nandlal Shah Shri Anantrai Amerish Parekh M/s. S. D. Jhaveri M/s. R. P. Shroff & Sons 8. Our letter dated 10-9-80 to Sanjay Maintenance Service regarding entrusting to them the cleaning and maintenance work of Basement Ground floor, mezzanines floor, and 1 to 12 floors on a monthly remuneration of Rs.4,000/- was noted and that arrangement was approved 9. Resolved that the Security arrangement for our new building should be made Permanent Security Services as mentioned in the following draft letter

Permanent Security Services 3/1228, Navjeevan, Lamington Road, Bombay 400 008.

Dear Sir,

Re: Security arrangements at Stock Exchange Towers, Dalal Street, Bombay,

We refer to your letter dated August, 14th, 18th, 21st and 25th 1980 and discussions your M/s. Bedi and Menon had on the subject above.

2

We hereby confirm that proposal to entrust your firm the security aarengement at our premises known as “Stock Exchange Towers “ at Dalal Street, Bomaby , with effect from 22nd September, 1980 on the following terms and conditions –

We are entering the above security arrangement at the above premises purely on trial basis for period of 3 months in terms of your performance guarantee, During the period we may closely observe your performance and if we are satisfied, have the option to continue your service or else we are at liberty to discontinue the same. In case we are satisfied with your service , the security arrangement will be continue for a further period of nine moths.Please not that if any time the service is found unsatisfactory, we will give you a month’s notice terminate the arrangement.

The strength of security personnel to be deployed and your service charge in respect of each category shall be as under:- 1. Security Officer A Grade Rs.900.00 p.m. 2. Security Supervisor A Grade Rs.600.00 p.m. 3. Security Head Guards A Grade Rs.450.00 p.m. 4. Security Guards A Grade Rs.350.00 p.m.

Rotation ship of 10% will be paid towards overheads supervision, uniforms, E.S.I.S. , P.F., Bonus etc.

Security Officer 1 for general shift = 9 A.M. to 6.p.m. on all days except Sunday

Security Supervisors 3 nos. – 1 in each shift on all days – shift timing to be fixed by you and intimated to us.

Security Head Guard 3 Nos. – 1 in each shift on all days to man the Fire Control Room.

Shift timing to fixed and intimated to us.

3 Security Guards 21 Nos. – Number in each shift on all days to be decided by you after surveying the various gates and finalized with us. Total 28 The above rates of monthly remuneration to the various personnel will cover all charges payable by us to your firm in respect of the full security arrangements as proposed in the Stock Exchange Towers and your firm will be responsible for all your expenses and outgoing in this connection including salaries, Leave represents, weekly offs, uniform, E.S.I.S., P.F., F.P.F., Bonus, Gratuity etc., and other dues, if any, to your personnel and all other payments and obligations you are required and responsible under the law to make and bear on account of your personnel from time to time,

The total charges payable to you on the basis of the strength above some to Rs.12, 540/- per month.

Your firm will be responsible to attend to all formalities in regard to E.S.I.S., P.F. and other statutory obligations in regard to your personnel including remittances and submission of contribution cards well time, and you will have to satisfy us that you have paid these amounts to the department concerned

The posting of guards at various place and the timing thereof will be done by you according to the importance of the place and you shall intimate to us about these details from time to time. You will please note that if any additional security guards are required at any time during the subsistence of the contract, you will arrange the same even at very short notice, at the rates quoted above.

Personnel posted at site will necessarily be in proper uniforms duty washed and ironed.

Your personnel will have knowledge of fire fighting and routine drill will be done by you interval of one month.

Before engaging the personnel you will submit their bio data with photograph to us with sufficient additional nos. so that we have a choice of selection. The Head Guards, and

4 Security guards should not be less than 5 ft. 7 inches and should speak fluent Hindi and understand and speak tolerable English.

The Stock Exchange will be giving suitable instructions from time to time and such instructions should be strictly followed. The senior most person in your organizations should visit the premises regularly once a day for overall supervision. The Security Officer/Supervisor shall go round all floors every day and see that lobbies and landing are kept clean and ensure that no posters are posted in the lift lobby areas, passages etc, and unauthorized activities do not take place. Photography within the building is totally prohibited.

Once you take over arrangement at the sites, you will open the following Registers to streamline the security arrangements and also to acquaint the Management of the actual work done by you and for futures reference:- I.) Occurrence Register II.) Incoming Store Register III.) Outgoing Sore Register IV.) Key Register with requisite columns V.) Management Instruction Book VI.) Attendance Register and Duty Book for your Security personnel VII.) Any other Register required by the Management

You should ensure that no material either from Stock Exchanges or any other tenant or Contractors is allowed to go out unless it is supported by gate pass from the concerned authorized person.

You should ensure that a high standard of hygienic and cleanliness is maintained in the building.

You will be entirely responsible for ensuring the safety of the Building and materials lying within and without the Building. You are responsible to compensate to us for any losses, thefts that may take place. The compensation is full value of the cost availed.

5 Please returns a copy of this letter duly signed by you in taken of your acceptance of the above terms and conditions.

Thanking You,

Yours Faithfully,

Secretary,

We accept the above terms and conditions

Parament Security Services

10. The letter dated 15-9-80 of Shri H. T. Mehta advocate of Shri C. L. Khanna and the telegram dated 15-9-80 of Shri S. L. Khanna was read and taken note of. Sd/- Sd/- A. J. Shah Laldas Jamnadas Secretary President

Date 23-9-80

6 Tuesday, 23-9-1980

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 2.00 P.M. under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned members of the Board were present:

Seth Laldas Jamnadas Seth Rasiklal Meneklal Seth V.D. Soude Seth Jayantilal B. Khandwala Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Prabhudas Liladhar Seth Arvind Chimanlal Dalal Seth Ashok Kumar G. Fozdar Seth Jasvantlal Chhotalal Seth Purshottam Gopiram Ruiya Seth Jayant Amerchand Seth Kirtikumar Narbheram Parekh Seth Bhupendra Champaklal Dalal Seth Ramdas Lallubhai

Government Nominees Shri. J. G. Gogte

The following business was transacted in the Meeting:

1. The application dated 3-9-1980 of Bai Sitabai, widow of our Late Sepoy Bhiwa Babajirao was considered and it was resolved to give her assistance of Rs. 300/- from Seth KRP Stock Exchange Sarvajanik Fund for post – demise ceremonies of the Late Bhiwa Babajirao.

2. The application dated 23-6-80 of Bai Sulochana Dattaram Kurup was considered and it was resolved that she should be paid the amount of Rs. 13893.75 being the accumulated provident fund and gratuity due to our Late Sepoy and her husband Dattaram Govind.

1

3. The application dated 6-9-80 of Shri R. R. Kulkarni was considered and it was resolved that as he has left the service, the amount of Rs. 394/- accumulated in his Provident Fund should be paid to him.

4. The applications for loans of the undermentioned members of our office staff were considered and it was resolved to give them loans as shown against their respective names:

Shri J. H. Purohit Rs. 2500/- Shri T. G. Babu Rs. 2500/- Sepoy Vilas Gyandu Rs. 3000/-

5. The application dated 11-8-80 of the near relatives of the Late Shri Ratilal Jadauji Vora nominating Shri Bhogilal Jethalal Shah as a member of the Exchange in the place of the Late Shri Ratilal Jadauji Vora was considered and after interviewing Shri Bhogilal Jethalal Shah and his recommenders S/Shri Kantilal Bhogilal Shah and Vinaykant Narbheram it was resolved by 14 votes in favour and none against to elect Shri Bhogilal Jethalal Shah as a member of the Exchange in the place of the Late Shri Katilal Jadauji Vora, subject to the Rules and Regulations of the Exchange.

6. The application dated 21-8-80 of the near relatives of the late Shri Manubhai Chimanlal Virchand nominating Shri Shyamlal Thakardas Dalal as a member of the Exchange in the place of the Late Shri Manubhai Chimanlal Virchand was considered and after interviewing Shri Shyamlal Thakardas Dalal and his recommenders S/s Dhirajlal Maganlal and Champaklal Jamnadas it was resolved by 14 votes in favour and none against to elect Shri Shyamlal Thakardas Dalal as a member of the Exchange in the place of the late Shri Manubhai Chimanlal Virchand, subject to the Rules and Regulations of the Exchange.

2 7. The application dated 1-9-80 of the near relatives of the Shri Arunkumar Jagmohanlal Rungta nominating Shri Kantilal Mohanlal Shah as a member of the Exchange in his own place was considered and after interviewing Shri Kantilal Mohanlal Shah and his recommenders S/Shri Manubhai Mohanlal and Vinaychandra Narbheram Parekh it was resolved by 14 votes in favour and none against to elect Shri Kantilal Mohanlal Shah as a member of the Exchange in the place of Shri Arunkumar Jagmohanlal Rungte, subject to the Rules and Regulations of the Exchange.

8. The application dated 18-8-80 of the Shri Rameshchandra Trikamlal nominating Shri Shripal Jain as a member of the Exchange in his own place was considered and after interviewing Shri Shripal Jain and his recommenders S/Shri Chand Ratan Bagri it was resolved by 12 votes in favour and 2 against to elect Shri Shripal Jain as a member of the Exchange in the place of Shri Rameshchandra Trikamlal, subject to the Rules and Regulations of the Exchange on condition that he should not do business in the market in his own name for a period of 2 years and that within one month he should severe his connections with Delhi Stock Exchange.

Shri Bhupendra Champaklal joined the meeting at this point of time.

9. The Listing applications of the abovementioned Companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and such other special requirements stipulated by us, their below-mentioned securities should be placed in our list of non – cleared securities traded on the Exchange and their trading lots should be fixed.

Revathi – CP Equipments Ltd Equity and Preference Shares Kelvinator of India Ltd Equity Concast Products Ltd Equity

3 Rewa Drugs and Chemicals Ltd Equity Deccan Fibre Glass Ltd Equity Ind-Trade Fibre Company Ltd Equity Paushak Ltd Equity Tata Engineering & Locomotive Company Ltd 11% Convertible Bonds ‘B’ Series

10. Unanimously resolved that British Burma Petroleum Co. Ltd. has been amalgamated with Prism Trading Co. Ltd., the shares of British Burma Petroleum Co. Ltd. should be removed from our list of securities traded on the Exchange.

11. Unanimously resolved that below-mentioned securities should be removed from our list of securities traded on the Exchange as they have been redeemed

Aditya Mills Ltd Preference Shares Chemicals & Plastics India Ltd. 9.5% 15000, ‘A’ Preference Shares

12. Unanimously resolved that, as the undermentioned Companies have not yet paid the Annual Listing fees for the year 1980 and for the additional listing fees for the year 1979 though repeatedly asked, their securities should be removed from the list of securities traded on the Exchange, if they do not pay their fees due by them before 23-10-1980.

1. Andhra Steel Corporation Ltd 2. Behar Hotels Ltd 3. Basant Paper Mills Ltd 4. Estrilla Batteries ltd 5. Ellora paper mills Ltd 6. Gangavati Sugar mills Ltd 7. Kanora Hancock Sanderson Ltd 8. Khandelwal Hermon Electronics Ltd 9. Kumar Bronze Powders ltd

4 10. Madras Machinetool Manufacturs Ltd 11. Bharti Crystal Salt Co. Ltd 12. Magnesite and Minerals Ltd 13. New Commercial investment & Trading Co. Ltd 14. North Behar Sugar Mills Ltd 15. Ogle Glass Works Ltd 16. Polson Ltd 17. Regal Papers Ltd 18. Ramacast Ltd 19. Shri Krishna Gyanodaya Sugar Ltd 20. Sika Breweries Ltd 21. Steel and Fasteners Ltd 22. Asian Electronics Ltd 23. Centron Industrial Alliance Ltd 24. Indo National Ltd 25. Jupiter Breweries Industries Ltd

13. The application dated 4-7-80 and 1-1-80 of the officers of our office staff asking for giving them extra increments and leave travel benefits and medical expenses in view of the rise in the cost of living expenses since 1-1-1978 have considered and it was resolved that each of our officers who have been on our staff earlier than 1-1-1980 should be given one extra increment in their grades from 1-1-1980 and additional increment from 1-1-1981 to such officers other than our secretary Shri A. J. Shah and the Chief Statistical Officer Shri R. R. Nair.

Further resolved that every officer on our staff should be paid actual medical expenses from the year 1980, subject to the limit of Rs.400/- p.a. and when going leave, travel expenses for going out of Bombay, subject to the limit of Rs.400/- p.a. such expenses will paid every year at the end of year.

5 14. Resolved that, pursuant to the Resolution passed by the Governing Board on 18- 2-71 and 10-8-78 our Secretary Shri A. J. Shah and Chief Statistical Officer Shri R. R. Nair are paid expenses for using their own motor cars for office work, which should be increased to Rs.475/- per month and Rs.400/- per month respectively from 1-1-1981.

Sd/- Sd/- A. J. Shah Laldas Jamnadas Secretary President

Dt: 4-11-1980

The Governing Board has passed the following resolution by circular

“Resolved that on Friday, 7-11-80 our market should be kept open from S.T. 5.15 PM to 6.15 PM for doing Muharat Transactions for Kartik Vikram Samvat 2037, instead of from S.T. 12 to 2 PM.

Further resolved that the market should be completely closed for all kinds of business on Thursday 6-11-80 on account of the holiday of Kali Chaudas on that day.”

Sd/- Sd/- A. J. Shah Laldas Jamnadas Secretary President Dt: 4-11-80

6 Tuesday: 11-11-80 A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 p.m. under the Chairmanship of Seth Laldas Jmnadas wherein the under mentioned members of the Board were present: Seth laldas Jmnadas Seth Bhupendra Champaklal Dalal Seth V. D. Sonde Seth Jayantilal R. Khandwala Seth Mathradas Samaldas Seth Navinchandra Chhaganlal Kampani Seth Jayantilal Chhotalal Seth Ashokkumar G. Fozdar Seth Jayant Amerchand Seth Purshottam Gopiram Ruia Seth Rasiklal Maneklal Seth Ramdas Lallubhai

Government Nominees Shri. J. G. Gogte

The following business was transacted in the meeting: 1. The application for partnership of S/Shri Venushankar Damodar Vyas and Lalitkant Venulal Vyas dated 5-11-80 was considered and it was resolved to approve the partnership between them under the name of M/s. V. D. Vyas with effect from 14- 11-80 2. The application dated 10-10-80 of the close relatives of the late Shri. Vrajlal Lallubhai nominating Shri Vasantlal Vrajlal Dalal as a member of the Exchange in the place of the late Shri Vrajlal Lallubai was considered and after interviewing Shri Vasanlal Vrajlal Dalal and his recommenders S/Shri Mannubhai Maneklal and Vinaychandra Narbheram Parekh it was resolved by 11 votes of in favour and none against to elect Shri Vasantlal Vrajlal as a member of the Exchange on the place of late Shri Vrajlal Lallubhai, subject to the Rules and Regulations of the Exchange. 3. The Listing application of the under mentioned Companies were considerd and it was unanimously resolved that subject to the Rules and Regulations of the Exchange as well as compliance with the usual requirement and such other special requirement as may be stipulated by us, the below mentioned securities should be placed in our list of securities traded on the Exchange and their trading should be fixed I.) Banswar Textile Mills Ltd Equity II.) Alkyal Amines Chemicals Ltd. Equity III.) Gangappa Papers Mills Ltd. Equity

Sd/- Sd/- A. J. Shah Seth Laldas Jmnadas Secretary President

Date: 5-12-80 1 Friday, 5-12-80

A meeting of the Governing Board of the Stock Exchange was held today at ST 3:00 p.m. under the Chairmanship of Seth Laldas Jamnadas wherein the undermentioned members of the Board were present;

Seth Laldas Jmnadas Seth Bhupendra Champaklal Dalal Seth V. D. Sonde Seth Jayntilal R. khandwala Seth Vasantlal Kantilal Shah Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Ashok kumar G. Fozdar Seth Arvind Chimanlal Dalal Seth Purshottam Gopiram Ruia Seth Jasvantlal Chhotalal Seth Kirtikumar Narbheram Parekh Seth Rasiklal Maneklal Seth Ramdas Lallubhai

Government Nominee Shri J G Gogte

The following business was transacted in the meeting.

1. The Chairman informed the Board that in the settlement to be carried out on 18-11-1980 there were mistakes in many kinds of shares in the number of shares to be delivered and the number of shares to be taken delving by the members and have many auctions have to be made. Looking into only the list of century shares there is a discrepancy of about 2500 shares and if these are auctioned the Stock Exchange will have to bear a loss of more than Rs. One Lakh because of mistakes in the List submitted by the members auction in large number have been required to be made for a long time and the auction loss has run into lacs of rupees. In the case of some few members in whose list discrepancies are frequently found they were called and asked to submit check list and mistakes of 1100-1200 shares were corrected and mistakes of 1300-1400 shares still remain.

1 For that list have been called from the members but have not been received yet because of non co operation of their staff. It is necessary to take steps to get rid of the causes of their non co operation and receive the list urgently so that the remaining discrepancies can be found out. In the meantime the market should be kept closed. Heavy penalty should be imposed on those members in whose cases mistakes have already been found and have been committing mistakes frequently. However penalties should be imposed on those members whose mistakes are found out after their list is received now hereafter. This it is necessary so that members may be more careful and large mistakes are not found out from their lists.

Thereafter Board deliberated on what the Chairman had said as above and it was resolved that the undermentioned members should be penalized at the rate of Rs. 50/- per equity shares for the mistakes found in their list for the settlement for 18-11-1980 the total amount of penalty by each of the consent member has been shown against their name;

M/s. K Motiram Vakil Rs. 31,500/- M/s. Kantilal Chhaganlal Rs. 23,500/- M/s. Jaykishan Bohra Rs. 7750/-

Further resolved that if discrepancies are found now in any of the list called for from the members by notice No. 2687/80 dated 29-11-1980, the concerned members should be charged penalty of Rs. 70/- per share these over and above the auction loss and if list have to be called in the settlements following the settlement of 18-11-1980 because of discrepancies and mistakes are found out therefrom more heavier penalty should be charged from that mentioned above.

2. Resolved that a notice as under should be issued;

2

“All the members are hereby informed that in the settlement of 18-01- 1980 by red and Blacks forms in the case of the shares of Country Eka, JK Synthetics and Nirlon there are discrepancies in the numbers of shares to be delivered and of the shares to be taken delivering of. The members should therefore should prefer lists of these share in forms printed in red ink and send it the Secretary’s office by 2:00 p.m. on Monday, 8-12-1980. In these lists clearing numbers of the members from/to whom such shares have been purchased/ sold and the members of such shares should be filled up in English. It is not necessary to fill up the precise of the shares. But after deducting the total number of shares purchase/sold from the total number of shares of the same kind sold/purchase from/to the same members, the number of only the not purchase/sold of the shares should be filled. For example, if 25 Nirlon shares have been sold to brokers ‘A’ and 20 Nirlon shares have been purchased from him, then after making deduction sale of only 5 Nirlon Shares should be shown against his name. If any member fails to submit his abovementioned list in time rightly filled up as explained above, a penalty of Rs. 1001/- will be released from him by debiting his account.

Comparison memos relating to the transactions shown in shares list will be given to the members on Tuesday, 9-12-1980. The members should compare those transactions with their opposite parties and after settling the obligations in the usual members as is done in the case of objections in other shares, should give back to the Secretary’s office on Thursday, 11-12-1980. If any member fails to return the comparison memos in time after correcting them as above, then as mentioned in the above notice in addition to the auction loss of the shares in objection, penalty of the equal amount of the loss will be released from him and harsh action will be taken against him.

3

3. After taking note of the present market situation that has developed because of the very big auction necessitated by big mistakes in the memners lists for 18-11-1980 settlement, its risk delaying tactics on the part of members’ staff in sending such lists called from finding out mistakes. Resolved that our market should be kept closed for business on Saturday, 6-12-1980 Monday, 8-12-1980 and Tuesday 9-12-1980.

Sd/- Sd/- A J Shah Laldas Jamnadas Secretary President

Date: 11-12-1980

4 Thursday: 11-12-80 A meeting of the Governing Board of the Stock Exchange was held on today at S.T. 4.00 p.m. under the Chairmanship of the Seth Laldas Jmnadas, wherein the under mentioned members of the Board were present: Seth Laldas Jmnadas Seth Jayantilal R. Khandwala Seth V. D. Sonde Seth Navinchandra Chhaganlal Kampani Seth Vasantlal Kantilal Shah Seth Prabhudas Lilladhar Seth Mathradas Samaldas Seth Ashok kumar G. Fozdar Seth Arvind Chimanlal Dalal Seth Purshottam Gopiram Ruia Seth Jasvantlal Chhotalal Seth Kirtikumar Narbheram Parekh Seth Ramdas Lallubhai

Government Nominees Shri. M. K. Chawla

The following Business was transacted in the meeting: 1. The present market situation was considered

2. The Chairman gave a brief account of and acquainted the Board with the business considered in the meeting of the standing committee of Presidents of recognized Stock Exchanges hold in Hyderabad on 28th and 29th November, 1980.

Sd/- Sd/- A. J. Shah V. K. Shah Secretary President Date: 16/12/80

1 Thursday, 16-12-80

A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 p.m. under the Chairmanship of Seth Vasantlal kantilal Shah, wherein the under mentioned members of the Board were present :

Seth Vasantlal Kantilal Shah Seth Jayantilal R. khandwala Seth V. D. Sonde Seth Navinchandra Chhaganlal Kampani Seth Mathradas Samaldas Seth Prabhudas Lilladhar Seth Jasvantlal Chhotalal Seth Ashokkumar G. Fozdar Seth Jayant Amerchand Seth Purshottam Gopiram Ruiya Seth Rasiklal Maneklal Seth Kirtikumar Narbheram Parekh Seth Ramdas Lallubhai

Government Nominees: 1. Shri M.R. Chawla 2. Shri G. G. Gogte

The following business was transacted at the Meeting:

1 The application dated 12-12-80 of our office staff member Shri Ashwin M. Shah was considered and it was resolved to give him college fee of Rs. 142/- for the Second Term of the Second L.L.B. from Seth KRP Shroff Exchange Sarvajanik Fund.

2. The application dated 11-11-80 of our Sepoy, Vilas Gyandere was considered and it was resolved to give him College fee of Rs. 166/- for the First Term of Forst L.L.B. from Seth KRP Shroff Exchange Sarvajanik Fund.

3. The application dated 8-12-80 of our office Sepoy, Raghunath Krishnaji was considered and it was resolved to give him a loan of Rs. 4000/-

4. The application dated 11-11-80 of Shri Vasantlal Vrajlal and Shri Kantalal Mohanlal Shah for partnership was considered and it was resolved to approve their partnership under the Firm name of M/s V. Vrajlal Lallubhai with effect from 14-11-80.

5. The letters dated 13-11-80 of Shri Jayant Amarchand and Bhogilal Jethalal Shah were read and it was resolved to approve the permission given to Shri Bhogilal Jethalal Shah to do business as a Representative Member of Shri Jayant Amerchand.

6. The Association holidays for the year 1981 were fixed.

7. The letter dated 12-12-80 of M/s Mannbhai & Co. was read and it was resolved that the office that has been given or the office that we gave to them hereafter should be transferred into their name and its Rent Note should be issued to them.

1 8. The application dated 23-10-80 of Shri Prabhakar Shrilal Yagnik nominating Shri Kirtikumar Fulchand Vora as a member of the exchange in his own place was considered and after interviewing Shri Kirtikumar Fulchand and his recommender S/Shri Ramaniklal Nanalal Shah and Chhotalal Devchand it was resolved by 10 votes in favour and one against to elect Shri Kirtikumar Fulchand Vora as a member of the Exchange in the place of Shri Pratikar Sharilal Yagnik, subject to the Rules and Regulations of the Exchange, on condition that he will not do business in the market in his own name for a period of two years.

9. The application dated 30-10-1980 of Shri Champaklal Babubhai Marfatia nominating Shri Ram Champaklal Marfatia as a member of the Exchange in his own place was considered and after interviewing him and his recommender S/Shri B H Zaveri and K C Vakharia , it was resolved by 11 votes in favour and none against to elect Shri Ram as a member of the exchange in the place of Shri Champaklal Babubhai Marfatia, subject to the rules and bye laws of the exchange.

10. The application dated 24-11-1980 of Shri Durgashankar Udayram Shukla nominating Shri Maheshkumar Durgashankar Shukla as a member of the exchange in his own place was considered and after interviewing Shri Maheshkumar Durgashankar Shukla and his recommender Shri Vipin Chinubhai it was resolved by 11 votes in his favour and none against to elect Shri Maheshkumar Durgashankar Shukla as a member of the Exchange in the place of Shri Durgashankar Udayram Shukla, subject to the Rules and Regulations of the Exchange.

Shri Bhupendra Champaklal came and joined the meeting at this moment of time.

11. As the undermentioned companies have paid the annual listing fees for the year 1979, it was unanimously resolved to re admit their securities to our list of securities traded on the Exchange. i.) New commercial Trading and Investment Co. Ltd. ii.) Khandelwal Harmann Electronics Ltd. iii.) Basant Paper Mills Ltd.

12. The listing applications of the undermentioned companies were considered and it was unanimously resolved that subject to the Listing Rules and Regulations as well as compliance with the usual requirements and other special requirements stipulated by us below mentioned securities should be placed in list of securities traded on the Exchange and their trading lots should be fixed:

Mahi Trading and commence Ltd. Equity Shiva Papers Mills limited. Equity Rama Filters Equity Karni Manek Trading Co. Ltd. Equity Shree Andhra Prabha Oil and Chemical Industries Ltd. Equity L D textiles Industries Ltd. Equity Kankaria Chemicals Ltd. Equity Jayakwadi Pulp and Paper Mills Ltd. Equity&11%Prefarance Shares

2

13. The letter dated 21-11-1980 and 5-12-1980 of the Scottish Assam (India) Ltd. Tube Suppliers Limited respectively were considered and it was unanimously resolved to remove their securities from our list of securities traded on the Exchange with effect from 1-1-1981.

14. The letter dated 25-11-1980 of the Vietora Mills Limited was read out and it was unanimously resolved to remove its 5.72% Redeemable Cumulative Preference shares from our list of securities trade on the Exchange as they have been redeemed.

15. Resolved that our computation equipment should be sold to the Stock Exchange Foundation at a reasonable price.

16. Resolved that a sum of Rs. 1,50,000/- should be given from the Stock Exchange Education and Reserve Securities Fund to the Stock Exchange Foundation, which has been recognised under section 35(1)(3) of the Income Tax Act, on the condition that it will be considered as its corpus.

17. Taking into consideration the manyfold increase in paper price and printing cost during the last few years resolved that the Daily Official List which was being given free of cost to the members of the exchange one copy each till now should be discontinued from 1-1-1981 and instead every member will be entitled to get one copy of the Daily Officials List at a concession annual subscription of Rs. 200/- instead of the regular annual subscription of Rs. 300/- p.a.

18. Resolved that remisier badges should be cancelled and issue of remisier badges should be stopped with effect from 1-1-1981.

Sd/- Sd/- A J Shah Laldas Jamnadas Secretary President

Date 15-01-1981

3