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Alldigi Tech Limited — AGM Information 2020
Oct 1, 2020
62364_rns_2020-10-01_0a302df4-ae15-427b-9927-0ebfc01ea6a0.pdf
AGM Information
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September 30, 2020
Listing Department, BSE Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Scrip Code: 532633
Listing Department, National Stock Exchange of India Limited, “Exchange Plaza”, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 Symbol: ALLSEC
Sub: Disclosure of events pursuant to Regulation 30 (2) - Schedule III - Part A (13) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("Listing Regulations")
Reg.: Summary of Proceedings of 21[st] Annual General Meeting ("AGM") of Allsec Technologies Limited through Video Conferencing ("VC") / Other Audio Video Means ("OAVM")
Dear Sir / Madam,
Pursuant to Regulation 30, Part A of Schedule - III of the Listing Regulations, we are submitting herewith the details regarding the proceedings of the 21[st] Annual General Meeting of the Company held on Wednesday, September 30, 2020 at 4:30 p.m. (IST) and concluded at 5:45 p.m. (IST) through Video Conferencing ("VC") / Other Audio Video Means ("OAVM"). The Meeting was held in compliance with the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.
We request you to take the above intimation on your record.
Thanking you,
Yours faithfully,
For Allsec Technologies Limited
Gagan Preet Singh
Gagan Preet Singh DGM-Legal & Company Secretary
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Encl.: As above
ALLSEC TECHNOLOGIES LTD.
Regd. Office : 46-C, Velachery Main Road, Velachery, Chennai – 600 042. Tel.: +91.44.4299 7070 web: www.allsectech.com
Corporate Identity Number : L72300TN1998PLC041033, Email : [email protected]
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DETAILS OF PROCEEDINGS OF THE MEETING
The 21[st] Annual General Meeting of the Members of Allsec Technologies Limited ("the Company") was held on Wednesday, September 30, 2020 at 4:30 p.m. (IST) through Video Conferencing ("VC") / Other Audio Video Means ("OAVM"). The meeting was held in compliance with the General Circular Numbers 20/2020, 14/2020, 17/2020 issued by the Ministry of Corporate Affairs ("MCA") and Circular number SEBI/HO/CFD/CMDl/CIR/P/2020/79 issued by the Securities and Exchange Board of India ("SEBI") and as per the applicable provisions of the Companies Act, 2013 and the Rules made thereunder.
Directors and Key Managerial Personnel in Attendance:
| S. No. | Name of the Director and Key Managerial Personnel |
Designation |
|---|---|---|
| 1 | Mr. Ajit Isaac, joined over video conference from Bengaluru |
Chairman |
| 2 | Mr. Krishna Suraj Moraje, joined over video conference from Bengaluru |
Non-Executive Director |
| 3 | Mr. Subramanian Ramakrishnan, joined over video conference from Bengaluru |
Non-Executive Director |
| 4 | Mr. Milind Chalisgaonkar, joined over video conference from Bengaluru |
Non-Executive Independent Director and Chairman of the Audit Committee |
| 5 | Mr. Sanjay Anandaram, joined over video conference from Bengaluru |
Non-Executive Independent Director and Chairman of the Nomination and Remuneration Committee |
| 6 | Ms. Lakshmi Sarada R., joined over video conference from Hyderabad |
Non-Executive Independent Director |
| 7 | Mr. Ashish Johri, joined over video conference from Chennai |
Chief Executive Officer |
| 8 | Mr. Raghunath P., joined over video conference from Chennai |
Chief Financial Officer |
| 9 | Mr. Gagan Preet Singh, joined over video conference from Chennai |
Company Secretary |
GPS
ALLSEC TECHNOLOGIES LTD.
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Regd. Office : 46-C, Velachery Main Road, Velachery, Chennai – 600 042. Tel.: +91.44.4299 7070 web: www.allsectech.com
Corporate Identity Number : L72300TN1998PLC041033, Email : [email protected]
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Other Representatives present:
| S. No. | Name of the Representative | Particulars |
|---|---|---|
| 1 | Mr. C. Manish Muralidhar, joined over video conference from Hyderabad |
M/s. Deloitte Haskins & Sells, StatutoryAuditors |
| 2 | Ms. Rekha Bai, joined over video conference from Chennai |
M/s. Deloitte Haskins & Sells, StatutoryAuditors |
| 3 | Mr. A. Mohan Kumar, joined over video conference from Chennai |
Secretarial Auditor, M/s. Mohan Kumar & Associates and Scrutinizer |
The meeting commenced at 4:30 p.m. (IST) and concluded at 5:45 p.m. (IST) (including time allowed for e-voting at AGM).
Mr. Ajit Isaac, Chairman of the Company chaired the meeting. The Chairman extended his warm welcome to all the shareholders and informed that this AGM is being held through Video Conference in accordance with the circulars issued by the Ministry of Corporate Affairs and SEBI. The Chairman introduced the Directors, Key Managerial Personnel, Statutory and Secretarial Auditors joining over VC. He informed about the changes in the Board of Directors of the Company during the year. The requisite quorum, being present, the Chairman called the meeting to order.
Mr. Gagan Preet Singh, Company Secretary of the Company provided the general instructions to the Members regarding participation in the Meeting and the voting procedure. He informed that as the AGM is being held through video conference, the facility for appointment of proxies by the members was not applicable and hence the proxy register for inspection is not available. He further informed that the Company had provided the Members the facility to cast their votes electronically through remote e-voting on all the resolutions set forth in the notice and the facility for voting through e-voting system was made available during the AGM for Members who had not cast their vote prior to the Meeting. The Company had provided members the facility to cast their votes electronically, on all resolutions set forth in the Notice. The remote e- voting commenced at 9:00 a.m. (IST) on Sunday, September 27, 2020 and concluded at 5:00 p.m. (IST) on Tuesday, September 29, 2020.
The Board of Directors had appointed Mr. A. Mohan Kumar (Membership No.: FCS 4347), M/s. Mohan Kumar & Associates, Practicing Company Secretaries as the Scrutinizer to supervise the e-voting process.
The Chairman delivered his speech on the performance of the Company.
GPS
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ALLSEC TECHNOLOGIES LTD.
Regd. Office : 46-C, Velachery Main Road, Velachery, Chennai – 600 042. Tel.: +91.44.4299 7070 web: www.allsectech.com
Corporate Identity Number : L72300TN1998PLC041033, Email : [email protected]
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The Chairman further informed that there were no qualifications or observations or comments in the Independent Auditors' Report, both in Standalone and in Consolidated and in the Secretarial Audit Report. Therefore, it was not necessary to read the said reports at the Meeting.
With the consent of the Members present at the meeting, the Notice convening the AGM was taken as read. Since the meeting was being convened through video conference, resolutions were put to vote through e-voting and the requirement to propose and second is not applicable.
The following items of business, as per the Notice of the 21[st] Annual General Meeting were put at the AGM for Members’ consideration and approval:
| **S. No. ** | Particular of the Business | **Type of Resolution ** |
|---|---|---|
| Ordinary Business | ||
| 1 | To receive, consider and adopt: (a) The Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2020 together with the Board’s Report and the Auditors’ Report thereon; and (b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31,2020 together with the Auditors’ Report thereon. |
Ordinary Resolution |
| 2 | To appoint a Director in place of Mr. Ajit Isaac (DIN: 00087168) who retires by rotation and being eligible,offers himself for re-appointment. |
Ordinary Resolution |
| Special Business | ||
| 3 | Appointment of Mr. Krishna Suraj Moraje (DIN: 0008594844) as Non-Executive Non Independent Director |
Ordinary Resolution |
| 4 | Appointment of Mr. Subramanian Ramakrishnan (DIN: 03522114) as Non-Executive Non Independent Director |
Ordinary Resolution |
| 5 | Payment of Commission to Independent Directors | OrdinaryResolution |
| 6 | Fixation of fees under Section 20 of the Companies Act,2013 |
Ordinary Resolution |
The Company Secretary briefed the members on all the resolutions in the Notice of AGM and also about the procedure to participate as a Speaker.
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GPS
ALLSEC TECHNOLOGIES LTD.
Regd. Office : 46-C, Velachery Main Road, Velachery, Chennai – 600 042. Tel.: +91.44.4299 7070 web: www.allsectech.com
Corporate Identity Number : L72300TN1998PLC041033, Email : [email protected]
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On the invitation of the Company Secretary, Members who had previously registered themselves as speakers, addressed the Meeting through VC / OAVM and sought clarifications on their respective queries.
Clarifications were provided to the queries raised by the Members.
The Chairman authorized the Company Secretary to declare the voting results, intimate the Stock Exchanges and place the same on the website of the Company. He informed the shareholders that the voting platform will be open for the next 15 minutes and members can vote on all the resolution mentioned in the Notice of AGM.
The Chairman announced that the details of the voting results (remote e-voting and e-voting at the AGM) on all the resolutions as set out in the Notice of AGM along with the consolidated Scrutinizer's Report shall be informed to Stock Exchanges and also be placed on the website of the Company in due course.
Total 62 members were present at the Meeting.
The Chairman, then, thanked the Members present at the meeting and declared the meeting as closed.
Kindly take the above intimation on your record.
Thanking you,
Yours faithfully,
For Allsec Technologies Limited
Gagan Preet Singh
Gagan Preet Singh DGM-Legal & Company Secretary
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ALLSEC TECHNOLOGIES LTD.
Regd. Office : 46-C, Velachery Main Road, Velachery, Chennai – 600 042. Tel.: +91.44.4299 7070 web: www.allsectech.com
Corporate Identity Number : L72300TN1998PLC041033, Email : [email protected]