Apar Industries Ltd — AGM Information 2019

Aug 8, 2019

APAR INDUSTRIES LTD.

AEGO. OffiCE ^a--OFFICii : 301/306. PANORAMA COMPlEX. R. C. OU1T IIOAO, VNXlOAAA • 390007. INDIA 1 : (+91) (265)2322798 / 6178700 F : (+91) (265) 2330309 £ : opor.borOdo@opor.com uri : www.opor.com

SEC/0808/2019	By e-fillng	8.n August, 2019
National Stock Exchange of India Ltd. "Exchange Plaza", C· 1, Block G,	SSE ltd. Department of Corporate Services,	27'" Floor, Phiroze Jeejeebhoy Towers,
Sandra- Kurla Complex, Sandra (E), Mumbal-400 051.	Dalal Street, Fort, Mumbai • 400 001.
Scrip Symbol : APARINDS King Altn.: The Manager, liiSing t!fl!l.	Scrip Code : 532259	!lin!! Attn. : !&ri!S!ti!SS: Bs:li!tionshil! D~:I!S,

Ref.: Summary of Proceedings of the 30m Annual General Meeting (AGM) of the Company held on Thursday, 8¹⁰August, 2019 at Vadodara (Gujarat).

Sub. :Regulation 30 and all other applicable regulations, if any, of the SEBI (Ustlng Obligations and Disclosure Requirements) Regulations, 201S, as amended from time to t ime.

Dear Sirs,

Pursuant to provisions of Regulation 30 and all other applicable provisions, if any, of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find enclosed herewith proceedings of the 30'" Annual General M eeting of the Shareholders of the Company on Thursday, 08^{1 h}August, 2019, at the Auditorium of the Vanijya Bhavan, Central Gujarat Chamber of Commerce. Race Course Circle, Vadodara - 390 007 (Gujarat).

Kindly take rhe same on your record.

Thanking you,

Yours faithfully, For Apar Industries limited

AlL-A!

(Sanjaya Kunder) Company Secretary

Encl. : As above

CXWOIWt 0FRa: APAA HOUSE. CORI'OAA!t PAAIC. SION 1110MIIAY ROAD. CliEM8Uil MUMIIAI · •oo 011. INDIA T: (+") 122t 2526 3400/6780 OAOO • f : (+91) (22) 2524 6.326 • E' : eorporole@opor,cOtn • Uti : WWW",QPOI.com WIOIIIC31 : SU1MY 1411/l. 148/l/1 . VILLAGE IQJOACHA. SilVASSA • RAI<HOU ~. SllVASSA (U 1. OJ 0 l NH1 PIN : 39623(). INCl.'. 1: (+91) !760) 3()13<00 • F: (+91) (260) 3()1~01/02 • E: mosol.eonduclcr@apa.com • uo1 . www.QPOI.com

W'OIICI Z : CONOuCIOfc Dlvtt. UH11 • "'• 3UIN't:YNO. 127/l/2. Vll.v.GE • AJHOlA,. SllV~~OI ~. SlVAW.{U.t OJ 0 l NI),.., : 396230.NJCA.

I: ( >911176013013000 . f .(+ 91) 11601 3()13001 / 02 . E: """"' eondld: @a< IXCC<n • "" : OWWOI)OI.CCft'l ~ ^J : tlll/1381/tl9l/tUI/t30Qit31S. WlAGE U0\$1 -ll<PAU. WiS11. • f(()IAIIAA. DIS I. -.oGWA (OI1ISSAI,.., • 768213 -

aowt11 •,.. er•nr.~•'" .,.._,...r\011 010 • ~~ OtiSAS : ,1101 ! !017 WTIRCATllt!GtllW101f -o.; 2101tt~

J"' l y

-

APAR INDUSTRIES LIMITED

Summarv of Proceedings of the 30"' Annual General Meeting

The 30'" Annual General Meeting (AGM) of the Members of Apar Industries Limited (the Company) was held on Thursday, August 8, 2019 at 2.15 P.M. at the Auditorium of the Vanijya Bhavan, Central Gujarat Chamber of Commerce, Race Course Circle, Vadodara - 390 007 (Gujarat).

Mr. Kushal N. Desai, Chairman & Managing Director of the Company, presided over the Meeting. The Chairman confirmed that the requisite quorum was present and declared the meeting in order and open for business. All the Directors attended the Meeting.

The following Agenda items of business as set out In the Notice convening the 30'" Annual General Meeting were commended for members' consideration and approval:

Item No.	Details of the Agenda	Resolution required
	ORDINARY BUSINESS
1.	To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the Financial Year ended on March 31, 2019 including the Balance Sheet as at March 31, 2019, the Statement of Profit and Loss and Cash flow for the year ended on that date along with reports of the Board of Directors and the Auditors thereon.	Ordinary
2.	To declare dividend at the rate of Rs. 9.50 (95%) per Equity Share of face Value of Rs. 10/- each, fully paid up, for the financial year 2018-19.	Ordinary
3.	To appoint a Director in place of Mr. Kushal N. Desai (DIN - 00008084), who retires by rotation and being eligible, offers himself for re-appointment.	Ordinary
	SPECIAL BUSINESS
4,	To approve appointment of Mr. Rishabh K. Desai, who was appointed as an Additional Director of the Company on 71 h May, 2019 to act as Non-executive and Non-Independent Director of the Company, whose term of office shall be liable to retire by rotation.	Ordinary
s.	To approve Re-appointment of M r. F. B. Virani as Non-Executive Independent Director of the Company for the second Term of 5 years w.e.f. the conclusion of 30"' Annual General Meeting.	Special
6.	To approve Re-appointment of Mrs. Nina Kapasi as Non- Executive Independent Director of the Company for the second Term of 5 years w.e.f. the conclusion of 30"' Annual General Meeting.	Special

::2::

7.	To approve payment of remuneration to M/s. Rahul Ganesh	Ordinary
	Dugal & Co., Cost Auditor of the Company for the Financial Year
	2019-20.

The Shareholders sought information on prospect of Conductor Business and it's orders on hand; prospect of Copper Conductors business particularly from Railways and Metro segments; Auto Oil business; prospect of Cable and E-beam business; Capex planning for next couple of years considering general slow-down across majority of the sectors; Dividend distribution policy; utilization of accumulat ed reserves; Impact of GST on Company's operations and cash flows; Company's spending on Corporate Social Responsibility activities and complimented the Management for overall performance achieved during the year under review and better performance declared in First Quarter of FY 2020which were published prior to General Meeting.

Mr. Oiwadkar, CFO of the Company, provided financial information on the Conductor Business and Chairman provided all the other information sought by shareholders to their satisfaction.

The Chairman Informed that Mr. Hemang M . Mehta (M embership No. 4965) of M/ s. H. M. Mehta & Associates, Practicing Company Secretaries, Vadodara was appointed as the Scrutinizer by the Board to supervise the remot e e-votlng and physical ballot at AGM.

The Chairman Informed the Members that the facility of remote e-voting for the Members was made available to the Shareholders of the Company from Sunday, August 4, 2019 (from 10.00 hrs.) to Wednesday, August 7, 2019 (ti1117 hrs.) and that the facility for physical ballot had been provided at the AGM venue. The Chairman requested the Members who were present at the AGM and had not cast their votes by remote e-voting to cast their votes physically at the Meeting.

Members were informed that the results of thee-voting and ballot/ poll conducted at the AGM of the Company would be disseminated at the websites of the stock exchanges and would also be uploaded on the website of the Company as Willi as on the website of Central Depository Services (India) Ltd., an agency appointed for the purpose of conducting the remote e-voting process.

The Chairman thanked the Members for attending and for active participation in the Meeting and authorized the Company Secretary to declare the results of voting. M r. Sanjaya Kunder, Company Secretary of the Company proposed vote of thanks to the members of the Company.

Yours faithfully, For Apar Industries Limited

Sanjaya Kunder) Company Secretary