Advanced Enzyme Technologies Limited — AGM Information 2024

Jul 25, 2024

July 25, 2024

BSE Limited National Stock Exchange of India Ltd. P. J. Towers, Dalal Street, Exchange Plaza, Plot No. C/1, G Block Mumbai- 400 001 Bandra-Kurla Complex, Bandra (E) Mumbai- 400 051

Scrip ID-540025 Scrip Code-ADVENZYMES

Dear Sir/Madam,

Sub: Proceedings of 35[th] Annual General Meeting (AGM) held on July 25, 2024

Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A of Schedule III to the said Regulations, please find enclosed the summary of the proceedings of 35[th ] Annual General Meeting of the Company held on Thursday, July 25, 2024 through Video Conference (“VC”) / Other Audio Visual Means (“OAVM”).

Kindly take the same on record.

Thanking you, Yours faithfully, For Advanced Enzyme Technologies Limited

Digitally signed by SANJAY SANJAY PRAKASH PRAKASH BASANTANI BASANTANI Date: 2024.07.25 17:51:04 +05'30'

____

Sanjay Basantani Company Secretary and Head – Legal

Encl: As above

SUMMARY OF THE PROCEEDINGS OF THE 35[th] ANNUAL GENERAL MEETING OF ADVANCED ENZYME TECHNOLOGIES LIMITED

The 35[th] Annual General Meeting (“AGM” / “Meeting”) of Advanced Enzyme Technologies Limited was held on Thursday, July 25, 2024 at 10:00 a.m. IST through Video Conference (“VC”) or Other Audio Visual Means (“OAVM”). Mr. Vasant Rathi, Chairman, chaired the proceedings of the Meeting. The number of Members present for the virtual AGM were 98 (Ninety Eight). The requisite quorum being present, the Chairman declared the Meeting in order.

The Chairman informed the Members that the AGM was held through Video Conference / Other Audio Visual Means in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (“SEBI”) and the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). In accordance with the said circulars, the physical presence of Members at the AGM venue was exempted and the Members attending the AGM through the said VC facility was counted for the purpose of quorum.

The Chairman briefly introduced/welcomed the Board members present including Chairman of Audit Committee, Stakeholders Relationship Committee; CFO, CS, Audit Partner of MSKA & Associates, Statutory Auditors and the Scrutinizer/Secretarial Auditor of the Company were present for the meeting. The Chairperson of the Nomination & Remuneration Committee (“NRC”) conveyed his

inability to attend this meeting due to his other prior commitments. As required under the Companies Act, the Chairperson of the NRC had authorised the Chairperson of the Board, who is also the member of the NRC, to represent the said Committee on his behalf.

The Chairman informed the Members that:

• (i) Integrated Annual Report including Board's Report, Audited financial statements for the year ended March 31, 2024 alongwith the Notice convening this AGM have been sent through electronic mode to the Members in advance at their registered email ids, and have also been made available on the website of the Company and submitted to the Stock Exchanges;

• (ii) The Register of Directors and Key Managerial Personnel and their shareholding and Register of Contracts or Arrangements in which Directors are interested and other relevant documents as mentioned in the AGM Notice including certificate from the Secretarial Auditor in respect of the implementation of the Employees Stock Option Schemes of the Company were available for inspection electronically;

• (iii) As per the Companies Act, 2013 and SEBI Listing Regulations read with recent Circulars notified, the Company has provided the remote e-voting facility to the Members for all the resolutions mentioned in the AGM Notice;

• (iv) E-voting period commenced on July 21, 2024 at 09:00 a.m. IST and ended on July 24, 2024 at 5:00 p.m. IST; the e-voting facility was also available for the Members present at the AGM and who have not cast the vote earlier during the remote e-voting period;

(v) Members holding shares of the Company as on the cut-off date of July 18, 2024 were provided an opportunity to cast their vote electronically. The Chairman informed the Members that (i) there were 3 Ordinary business and 2 Special business items that were pre-circulated through the AGM Notice electronically and taken as read at the meeting; and (ii) all Resolutions read with explanatory statements thereto were already placed before Members through remote e-voting:

Item Particulars no.

Item no.	Particulars
Ordinary Business:
1.	To receive, consider and adopt the Audited Financial Statements (Standalone) of the Company for the financial year ended March 31, 2024 together with the Auditors’ report thereon and the report of the Board of Directors of the Company; and the Audited Financial Statements (Consolidated) of the Company for the financial year ended March 31, 2024 together with the Auditors’ report thereon.(OrdinaryResolution)
2.	To declare final Dividend (₹1.10/- per Equity Share) on the Equity Shares of ₹2/- each,for the financialyear ended March 31,2024.(OrdinaryResolution)
3.	To appoint a Director in place of Mr. Vasant Rathi (DIN: 01233447), who retires by rotation and being eligible, offers himself for re-appointment as a Director.(OrdinaryResolution)
Special Business:
4.	Related Party Transactions with JC Biotech Private Limited, Subsidiary (OrdinaryResolution)

Ratification of remuneration of M/s. Shilpa & Co. (Firm Registration Number: 5. 100558), the Cost Auditors of the Company for the financial year ending March 31, 2025 (Ordinary Resolution)

The pre-registered speaker Members who were present thereto, were invited one by one, to speak and share their queries. After replying to the queries of pre-registered speaker Members, the Members were informed that (i) Mr. Shiv Hari Jalan, Proprietor of Shiv Hari Jalan & Co., Practicing Company Secretary was appointed as the Scrutinizer by the Board for scrutinizing the entire e-voting process; (ii) Report on voting results will be submitted by the Scrutinizer to the Company; (iii) the voting results shall be declared by the Company on receipt of the Scrutinizer’s report within the prescribed timelines from the conclusion of this AGM as per the applicable regulations; (iv) the Scrutinizer’s report will include combined results of the votes cast

by the Members through remote e-voting and votes cast electronically at the AGM. The report will be submitted by the Company to BSE & NSE and will also be uploaded on the website of the Company.

The Chairman then stated that the e-voting facility for all the resolutions mentioned in the AGM Notice shall continue to remain open for next 15 minutes (The meeting concluded at 11:28 a.m. IST, and thereafter the e-voting period concluded at 11:44 a.m. IST). Subject to the receipt of requisite number of votes in favour, the resolutions set out in the AGM Notice dated May 11, 2024 shall be deemed to be passed on the date of 35[th] AGM of the Company i.e. July 25, 2024.

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