AIRAN LIMITED — AGM Information 2020

Sep 26, 2020

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Date: September 26, 2020

To, The National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051

DearSir /Madam,

th

Sub : Outcomeof25 Annual GeneralMeetingof the Company

Ref : AiranLimited(AIRAN)

th The Company’s 25 Annual General Meeting (AGM) was held today on Saturday, September 26, 2020 through Video Conferencing (VC) via ZOOM Platform.

TheMeetingcommencedat09:00A.M. (IST) andconcludedat09:20A.M. (IST).

During the meeting, remote electronic voting facility was enabled by the National Securities Depository Limited for members, who were present at the Meeting and had not already voted through e-voting platform of NSDL, for voting in respect of businesses set forth in the notice of 25th Annual General Meeting (AGM) of the Company and the said facility was available till 15 minutes aftertheclosureofMeeting.

Pursuant to Regulation 30 r.w. Part-A of Schedule III to the SEBI (LODR) Regulations, 2015, pleasefindenclosedherewithSummaryof Proceedingsof 25thAnnualGeneralMeeting.

Kindlyfindthesameinorder.

For and on behalf of Airan Limited

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Stuti Kinariwala Company Secretary and Compliance Officer Membership No : A46213

A I R A N L I M I T E D

Regd. Office : 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. Phone : +91-79-2646 2233, +91-8866442200 • CIN : L74140GJ1995PLC025519 Email : contact@airanlimited.com • Website : www.airanlimited.com • www.airanlimited.in

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TH

SUMMARY OF PROCEEDINGS OF THE 25 ~~A~~ NNUAL GENERAL MEETING

The 25thAnnual General Meeting (AGM) of the members ofAiran Limited (“the Company”) was held today i.e. Saturday, September 26, 2020 at 09.00 A.M. (IST) through two-way video conferencing (“VC”) via ZOOM Platform.

Themeetingwas commencedat09:00A.M.

As decided by the Board of Directors of the Company, Mr. Sandeepkumar Vishwanath Agrawal, Managing Directorchairedthemeeting.

Ms. Stuti Kinariwala Company Secretary of the Company welcomed the Shareholders of the Company and informed them, that the Meeting is held through VC/OAVM due to COVID-19 Pandemic and social distancing norms, and in compliance with the circulars issued by the Ministry of Corporate Affairs, Government of India andSecuritiesandExchangeBoardofIndia.

Further, the Company Secretary welcomed and introduced all the Panellists present at the Meeting including Chairman,BoardofDirectorsandCommitteeChairpersonof theCompany.

The requisite quorum being present and with the permission of the Chairman, Company Secretary called the Meetinginorder.

TheShareholderswerealsoinformedthat:

• Members who have not voted through remote e-voting can cast their votes through remote e-voting facility during the AGM and till 15 minutes after the closure of AGM. The e-voting facility was enabled for such shareholders to vote during the meeting and the same was available till 15 minutes after the closure of meeting;

• The Board of Directors have appointed Mr. Anand Lavingia as Scrutinizer to scrutinize the votes casted during the meeting and the votes casted through remote e-voting platform of National Securities DepositoryLimited;

• The Register of Directors’ and Key Managerial Personnel, Register of contracts and all other documents referredtointheNoticeareavailableinelectronicformfor inspectionby Members.

Further, the Company Secretary requested the Chairman, Mr. Sandeepkumar VishwaanathAgrawal to share the overallperformanceoftheCompanyduringtheFinancialYear2019-20.

Mr. Sandeepkumar Vishwanath Agrawal presented the performance of the Company during the financial year 2019-20. Before concluding his speech, the Chairman placed on record his heartfelt gratitude to all employees and sincere thanks to Bankers, NSE, and all shareholders of the Company who have extended their valuable support.

With the consent of the Members present at the meeting, the Notice convening theAnnual General Meeting, the Reportof BoardofDirectorsandtheAccountsfor theFinancialYearendedMarch31, 2020 weretakenas read.

Thereafter, the following resolutions as set out in the Notice convening theAnnual General Meeting were taken as readwiththepermissionofShareholders.

A I R A N L I M I T E D

Regd. Office : 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. Phone : +91-79-2646 2233, +91-8866442200 • CIN : L74140GJ1995PLC025519 Email : contact@airanlimited.com • Website : www.airanlimited.com • www.airanlimited.in

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S.RNo	Business	Type of Resolution
1.	To Consider and adopt the Audited Financial Statement ofthe Company for the Financial Year ended on 31 March,2020 and the report of the Board of Directors and Auditorsthereon; and(b) the Audited Consolidated Financial Statement of theCompany for the Financial Year ended on 31 March,2020and thereport of Auditors thereon.	Ordinary Resolution
2.	Re-AppointmentofMr.SandeepkumarVishwanathAgrawal (DIN: 02566480) Director of the Company asdirector liable toretire byrotation	Ordinary Resolution
3.	RegularizationcumappointmentofMr.AbhishekSandeepkumarAgrawal(07613943)asanExecutiveDirectorofthe Company:	Special Resolution
4.	To appoint Mr. Ajit Gyanchand Jain (DIN07827804) asNon-ExecutiveIndependentDirectorofthe Company	Ordinary Resolution
5.	Revision in Remuneration payable to Mr. SandeepkumarVishwanath Agrawal (DIN 02566480), Chairman andManagingDirectorofthe Company	Special Resolution
6.	RevisioninRemunerationpayabletoMrs.PoonamSandeepkumarAgrawal(DIN01712128),ExecutiveDirectorofthe Company	Special Resolution
7.	Alteration of the Object Clause of the Memorandum ofAssociationofthe Company.	Special Resolution

At last, the Company has allowed shareholders to ask question for better participation and one to one communication with Penal Members / Board of Directors, who have requested the Company through E mail or by raisingthehandstoallowthemtoaskquestions.

The Shareholders have raised question about Expecting Dividend, Bonus and etc. Mr. Sandeepkumar Agrawal has satisfactorilyansweredthequestionsoftheshareholders.

At last, Ms. Stuti Kinariwala, Company Secretary thanked the shareholders and all Penal Members for sparing their valuable time for Annual General Meeting. The recorded transcript of AGM is available on the Website of theCompanyatwww.airanlimited.in

Themeetingwas concludedat09:20A.M.

For andon behalfof

AiranLimited

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StutiKinariwala

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CompanySecretaryandComplianceOfficer MembershipNo :A46213

A I R A N L I M I T E D

Regd. Office : 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. Phone : +91-79-2646 2233, +91-8866442200 • CIN : L74140GJ1995PLC025519 Email : contact@airanlimited.com • Website : www.airanlimited.com • www.airanlimited.in