Akash Infra-Projects Limited — AGM Information 2022

Sep 27, 2022

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Date: 27/09/2022

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

Dear Sir/Madam,

Sub: Proceedings of the 23[rd ] Annual General Meeting of the Company - Regulation 30 of SEBI (LODR) Regulations, 2015.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the brief proceedings of the 23[rd ] 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 23[rd ] Annual General Meeting of the Company was held today i.e. on Tuesday, 27[th] September, 2022 at 5:00 P.M. 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 23[rd ] Annual General Meeting of the Company held through VC/ OAVM.

All the 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 NSDL portal for joining the AGM through Video Conference was also open for Members to the AGM.

Thereafter, Chairman greeted the shareholders and gave brief outline of the Company’s performance during the year.

The notice of AGM and the Directors’ Report already circulated to the members were taken as read. Statutory and Secretarial auditors’ report does not contain any qualification hence were not required to be read out.

The Company Secretary then informed the members about the remote e-voting facility provided to the members which commenced on Saturday, 24[th] September, 2022 at 10:00 A.M. and concluded on Monday, 26[th] September, 2022 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 e-voting and e-voting done during the Annual General Meeting. The combined result of remote e-voting and e-voting done during the Annual General Meeting will be announced within two working days of the conclusion of the Annual General Meeting on receipt of Scrutinizer’s report and will be submitted to the stock exchange separately.

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

Further, the following items of business as set out in the Notice convening the 23[rd ] Annual General Meeting were narrated by Company Secretary for members' consideration:

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at 31[st] March, 2022, 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

2. To declare dividend on equity shares for the Financial year ended on 31[st] March, 2022. – Ordinary Resolution

3. To appoint a Director in place of Shri Ambusinh P. Gol (DIN: 00463376), who retires by rotation and being eligible offers himself for re-appointment. – Ordinary Resolution

4. To appoint a Director in place of Smt. Bhavana A. Gol (DIN: 00464041), who retires by rotation and being eligible offers herself for re-appointment. – Ordinary Resolution

5. Appointment of M/s. RRS & Associates, Chartered Accountants, (Firm Reg. No. 118336W) as a Statutory Auditor of the Company for a term of five (5) consecutive years. – Ordinary Resolution

Special Business

1. Approval of Related Party Transactions. – Ordinary Resolution

2. Ratification of remuneration payable to the Cost Auditors for the financial year ending on 31st March, 2023. - Ordinary Resolution

3. Re-appointment of Shri Yoginkumar H. Patel (DIN: 00463335) as Managing Director of the Company for a term of 3 years w.e.f. January 18, 2023. – Special Resolution

4. Re-appointment of Shri Ambusinh P. Gol (DIN: 00463376) as Managing Director of the Company for a term of 3 years w.e.f. January 18, 2023. – Special Resolution

5. Re-appointment of Shri Dineshkumar H. Patel (DIN: 00468821) as Whole Time Director of the Company w.e.f. January 18, 2023. – Special Resolution

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

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 the meeting was declared as concluded.

We request you to take note of the same. Thanking you, For AKASH INFRA-PROJECTS LIMITED

PINKALBEN CHAVDA

Digitally signed by PINKALBEN CHAVDA DN: c=IN, postalCode=382220, st=GUJARAT, street=GIRIDHARI AGRO RAIS MILLS KVATARSBAVLA AHMEDABAD, l=AHMEDABAD, o=Personal, serialNumber=386f7137e1989b9e51300afb5e7b97be7d5bd78ff4de0366148fd09cb341a840, pseudonym=38a66326f80d48068416765d3a033392,

2.5.4.20=2fcaf7e05e5646d80f431cef78e95f6d9074f3def5b82d0c58385fdadc4624

35, email=CHAVDAPINKAL6@GMAIL.COM, cn=PINKALBEN CHAVDA Date: 2022.09.27 18:47:51 +05'30'

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Pinkal Chavda Company Secretary and Compliance Officer