Arihant Foundations & Housing Ltd. — AGM Information 2021

Sep 30, 2021

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Ref: AFHL /Reg-30/2020

September 30 2021

To,

National Stock Exchange Limited, Manager_ Listing 022-26598237

Bombay Stock Exchange Limited, General Manager- DCS 022-22723121

Dear Sir/Madam,

Sub: Regulation 30- Summary of Proceedings of the 28[th] e- Annual General Meeting held on September 30, 2021.

Proceedings of the 28[th] e- Annual General Meeting of Arihant Foundations & Housing Limited held on Wednesday, the 30[th] September 2021 at 10.00 A.M. through video conferencing.

Mr. Kamal Lunawath, Managing Director of the Company was elected as the Chairman of the Meeting. He took the Chair and extended a warm and hearty welcome to shareholders present at the Annual General Meeting of the Company.

20 members attended at the meeting.

The requisite quorum being present, the Chairman called the Meeting to Order. The meeting commenced at 10.00 A.M as appointed.

The representatives from the firm of the Statutory Auditor and Secretarial Auditor were also present through video conference at the Meeting. The representative from the firm of Statutory Auditor was present through video conference at the Annual General Meeting to address the queries of the shareholders.

The Chairman further informed the Members who would like to inspect the Registrar of Contracts, Members, Directors and Key Managerial Personnel may send a mail to the company for the purpose of inspection during the meeting. With the permission of the Shareholders, the Chairman took the Notice as Read.

The Chairman briefed the shareholders on the performance of the Company.

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The Chairman informed that Mr. V Suresh, Practicing Company Secretary, Chennai was appointed by the Board, as an Independent Scrutinizer for e-Voting process and for the poll conducted at the meeting.

Thereafter, following items of business as per Notice of the Annual General Meeting dated 24[th] August 2021 , were transacted at the meeting.

Ordinary Business:

1.	To receive, consider and adopt the Standalone Financial Statements of the Company for the period ended 31.03.2021 together with the Directors’ Report and the Auditors’ Report and the consolidated financial statements for the period ended 31.03.2021 together with the Auditors’Report.
2.	To appoint a Director in place of Mr. Vimal Lunawath (DIN:00586269) who retires by rotation and being eligible, offers himself For reappointment.
Special Business
3.	To fix and approve payment of minimum remuneration to Mr. Kamal Lunawath, Managing Director for remaining tenure of his appointment.
4	To fix and approve payment of minimum remuneration Mr. Vimal Lunawath, Whole-time Director for remaining tenure of his appointment.
5	To fix and approve payment of minimum remuneration to Mr. Bharat Jain, Whole-time Director for remaining tenure of his appointment

The Chairman invited queries from the members, on the performance of the Company. He then addressed the queries on future outlook for the Company. After addressing the queries raised by the members, the chairman proceeded to e voting during the AGM.

The Chairman authorised the Company Secretary to carry out the voting process and he conducted the voting process. All the members who have not cast their votes during the remote e voting cast their votes in during the AGM.

After all the members present had cast their vote, the Chairman informed the Shareholders that the combined results of the e-voting and poll process will be made available to the Stock Exchanges and also on the websites of the Company within two days., ie., on or before 02[nd] October 2021.

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The Chairman thanked the members of the Company for their participation and continued support and announced the formal closure of the 28[th] e- Annual General Meeting at 10.29 AM.

Kindly take note of the same and oblige. Thanking You

Yours Sincerely,

Thanking you. Yours Sincerely, For ARIHANT FOUNDATIONS & HOUSING LIMITED,

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Asim Kumar Charchi Company Secretary

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