Akash Infra-Projects Limited — AGM Information 2020

Sep 30, 2020

Ph. : +91-79-23227006 E-mail : info@akashinfra.com Ph. : +91-79-23227006 E-meil : h@akast*rfra.com

Mktid. 041169: R.gd. Offtce:

2, G.F., Abhishek Building, Sector-11, Gandhinagar-382011. 2, G.F., Abhishck Building, Sector-1 1, Gandfinqar-382O1 1.

CNN - 44.52MGAMPLCOM803 Date: 30/09/2020 cfi.l,as2ffcrtftRcl$3 Date: 30/09/2020

AKASH INIFRA-PROJECTS LTD. BUILDERS OF RELIABLE ROADS AKASH INTFRA-PRO'[tTS LTD. BUILDERS OF RELIABI.T ROADS

To To

National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex Bandra (East) Mumbai - 400051. Scrip Code : AKASH National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex Bandra (East) Mumbai - 400051. Scrip Code : AKASH

Dear Sir/Madam, Dear Sir/Madam,

Sub: Proceedings of the 21st Annual General ,Meeting of the Company - Regulation 30 of SEBI (LODR) Regulations, 2015. Sub: Proceedings of the 2lst Annual General-Fleeting of the Company - Regulation 3O of SEBI (LODR) Regulations, 2015.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the brief proceedings of the 21st Annual General Meeting of AKASH INFRA-PROJECTS LIMITED is given below: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the brief proceedings of the 2ls! Annual General Meeting of AKASH INFRA-PROJECTS LIMITED is given below:

In compliance of various circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India, the 21st Annual General meeting of the Company was held today i.e. on Wednesday, 30th September, 2020 through Video Conferencing ('VC') / Other Audio Visual Means (OAVM) to seek the approval of members of the Company on resolutions set out in the Notice convening the Meeting. In compliance of various circulars issued by Ministrf of Corporate Affairs and Securities and Exchange Board of India, the 21st Annual General meeting of the Company was held today i.e. on Wednesday, 30tn September,2020 through Video Conferencing ('VC') / Other Audio Visual Means (OAVM) to seek the approval of members of the Company on resolutions set out in the Notice convening the Meeting.

Considering requisite quorum being present during the live streaming of the meeting, the Company Secretary welcomed the Members at the 21st Annual General Meeting of the Company held through VC/ OAVM. Considering requisite quorum being present during the live streaming of the.meeting, the Company Secretary welcomed the Members at the 21st Annual General Meeting of the Company held through VC/ OAVM.

The Chairman and Managing Director, Whole time Directors, Independent Directors, Company Secretary, Chief Financial Officer, Statutory Auditors, Secretarial Auditors, Scrutinizer and other panelists of the Company had joined the meeting through video conferencing. The CDSL portal for joining the AGM through Video Conference was also open for Members and speakers to the AGM. The Chairman and Managing Director, Whole time! Directors, Independent Directors, Company Secretary, Chief Financial Officer, Statutory Auditors, Secretarial Auditors, Scnrtinizer and other panelists of the Company had joined the meeting through video conferencing. The CDSL portal for joining the AGM through Video Conference was also open for Members and speakers to the AGM.

Thereafter, Chairman greeted the shareholde-s and gave brief introduction of CoMpany's performance and apprised about future plans of the Company. Thereafter, Chairman greeted the shareholdels and gave brief introduction of Coinpany's performance and apprised about future plans of the Company.

The notice of AGM and the Directors' Report already circulated to the members were taken as read. Auditors' report was read out and it was further informed that Secretarial Auditors' Report did not contain any qualification or adverse remarks. The notice of AGM and the Directors' Report already circulated to the members were taken as read. Auditors' report was read out and it was further informed that Secretarial Auditors' Report did not contain any quolification or adverse remarks.

The Company Secretary then informed the members about the remote e voting facility provided to the members which commenced on Sunday, 27th September, 2020 at 10:00 A.M. and concluded on Tuesday, 29th September, 2020 at 5:00 P.M. Members who'were present at AGM through VC were also provided an opportunity to cast their vote through E-voting facility made available by the Company during the Meeting. The Company Secretary then informed the members about the remote e voting facility provided to the members which commenced on Sunday,27'h September,2O2O at 10:00 A.M. and concluded on Tuesday, 29th September, 2O20 at 5:00 P.M. Members who'were present at AGM through VC were also provided an opportunity to cast their vote through E-voting facility made available by the Company during the Meeting.

The Company Secretary then informed that the Company had appointed Shri Umesh Parikh, Partner of Parikh Dave and Associates, Company Secretaries as the Scrutinizer for remote evoting and e-voting during the Annual General Meeting. The combined result of remote evoting'and e-voting during the Annual General Meeting will be announced within 48 hours of the conclusion of the Annual General Meeting on receipt of Scrutinizer's report and will be submitted to the stock exchange separately. The Company Secretary then informed that the Company had appointed Shri Umesh Parikh, partner of Parikh Dave and Associates, Company Secretaries as the Scrutinizer for remote evoting and e-voting during the Annual General Meeting. The combined result of remote evoting.and e-voting during the Annual General Meeting will be announced within 48 hours of the conclusion of the Annual General Meeting on receipt of Scrutinizer's report and will be submitted to the stock exchange separately'

Regd. Office: , R.gd. O{fice:

2, G.F., Abhishek Building, Sector-11, Gandhinagar-382011. 2, G.F., Abhishck Building, Sector-1 1, Canfilnagar-3820 1 1 .

CIN -1.45201GAIMPLCO311003 cn . Lrsilfcrlti?rcl3as3

AKASH INFRA-PROJECTS LTD. BUILDERS OF RELIABLE ROADS tNIFRA-PROJECTS LTft. BUILDERS OF RELIABI.E ROADS

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Thereafter, Company Secretary informed the members that no queries were raised by the members. Thereafter, Company Secretary informed the members members. that no queries were raised by the

Further, the following items of business as set out in the Notice convening the 21st Annual General Meeting were narrated by Company Secretary for members' consideration: Further, the following items of business as set out in the Notice convening the 2lst Annual General Meeting were narrated by Company Secretary for members' consideration:

Ordinary Business: Ordinarv Business:

• 1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at 31st March, 2020, Statement of Profit and Loss and Cash Flow for the year ended on that date and the report of the Directors' and Auditors' thereon. - Ordinary Resolution 1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at 31't March, 2020, Statement of Profit and Loss and Cash Flow for the year ended on that date and the report of the Directors' and Auditors'thereon. - Ordinary Resolution
• 1. To appoint a Director in place of Mr. Ambusinh Gol (DIN:00463376), who retires by rotation and being eligible offers himself for re-appointment. - Ordinary Resolution 2., To appoint a Director in place of Mr, Ambusinh Gol (DIN:00463376), who retires by rotation and being eligible offers himself for re-appointment. - Ordinarv Resolution
• 1. To appoint a Director in place of Mr. Premalsinh Gol (DIN:00463995), who retires by rotation and being eligible offers himself for re-appointment. - Ordinary Resolution 3. To appoint a Director in place of Mr. Premalsinh Gol (DIN:00463995), who retires by rotation and being eligible. offers himself for re-appointment. - Ordinarv Resolution

Special Business Soecial Business

• 1. Ratification of remuneration payable to the Cost Auditors for the financial year ending on 31st March, 2021.- Ordinary Resolution 4. Ratification of remuneration payable to the Cost Auditors for the financial year ending on 31't March, 2027.- Ordinary Resolution
• 1. Re-appointment of Shri Yoginkumar H. Patel (DIN:00463335) as the Managing Director of the Company for further period of 3 years with effect from 18th January, 2020. - Special Resolution 5. Re-appointment of Shri Yoginkumar H, Patel (DIN:00463335) as the Managing Director of the Company for further period of 3 years with effect from l8th January, 2020. - Special Resolution
• 1. Re-appointment of Shri Ambusinh P. Gol (DIN: 00463376) as the Managing Director of the Company for further period of 3 years with effect from 18th January, 2020. - Special Resolution 6, Re-appointment of Shri Ambusinh P. Gol (DIN: 0046337 6) as the Managing Director of the Company for further period of 3 years with effect from l8th January, 2O2O. * Special Resolution ,.
• 1. Re-appointment of Shri Dineshbhai H. Patel (DIN:00468821) as a Whole-Time Director of the Company for further period of 3 years with effect from 18th January, 2020.- Special Resolution 7.,, Re-appointment of Shri Dineshbhai H. Patel (DIN:00468821) as a Whole-Time Director of the Company for further period of 3 years with effect from l8th January, 2020.-
• 1. Re-appointment of Shri Premalsinh P. Qol (DIN:00463995) as a Whole-Time Director of the Company for further period of 3 years with effect from 18th January, 2020. - Special Resolution. 8. Re-appointment of Shri Premalsinh P. $ol (DIN:00463995) as a Whole-Time'Director of the Company for further period of 3 years with effect from l8th January, 2020. - Soecial Resolution.

It was also stated that the e-voting at AGM would be allowed for 15 minutes after conclusion of the meeting. It was also stated , of the meeting. that the e-voting at AGM would be allowed for 15 minutes after conclusion 'l

As all the business of the meeting were completed, the Company Secretary thanked all the Directors, Auditors and Members for attending the meeting and with a vote of thanks to the chair by Shri Ghyanshyambhai Patel, Independent Director the meeting was declared as concluded. As all the business of the meeting were completed, the Company Secretary thanked all the Directors, Auditors and Members for attending the meeting and with a vote of thanks to the chair by Shri Ghyanshyambhai Patel, Independent Director the meeting was declared as concluded.

We request you to take note of the same. We request you to take note of the same'

Thanking you, For AKASH INFRA-PROJECTS LIMITED • Thanking you, FoT AKASH INFRA-PROJECTS LIMITED

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Priyanka Munshi Company Secretary and Compliance Officer Priyanka Munshi Company Secretary and Compliance Officer