Associated Alcohols & Breweries Ltd — AGM Information 2020

Sep 5, 2020

Associated Alcohols & Breweries Ltd.

ASSOCIATED KEDIA GROUP Dreams Determination Dexterity

Date: 05.09.2020

$To,$

The Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Mumbai - 400051

Registered / Corporate Office:

4th Floor, BPK Star Tower, A.B. Road, Indore - 452 008, (M.P.) India Contact No. +91 731 4780400/490 Fax: +91 731 4780410 E-mail: info@aabl.in CIN: L15520MP1989PLC049380

To,

The Department of Corporate Services, BSE Limited. PJ Tower, Dalal Street, Mumbai - 400 001 Scrip Code: 507526

NSE Symbol: ASALCBR

Dear Sir / Madam,

SUB: - DISCLOSURE OF EVENTS OR INFORMATION OF THE COMPANY PURSUANT TO REGULATION 30 OF THE SEBI (LODR) REGULATIONS, 2015 - PROCEEDINGS OF THE ANNUAL GENERAL MEETING

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are pleased to submit the proceedings of the Annual General Meeting scheduled and held on Saturday 05th September, 2020 through Video Conferencing platform provided by the CDSL and for which purpose the corporate office of the company situated at 4th Floor, BPK Star Tower, A.B. Road Indore shall be deemed venue for the meeting

Please note that the results of E- voting/ Venue Voting will be intimated to you separately upon receipt of report from scrutinizer within 48 hours from the conclusion of AGM.

The Meeting commenced as schedule at 02: 00 PM and concluded at 02:20 PM

You are requested to please consider and take on record the aforesaid disclosure.

Thanking you,

Yours' Faithfully,

FOR ASSOCIATED ALCOHOLS & BREWERIES LTD.

Plant: Khodigram, Tehsil Barwaha, Distt. Khargone - 451 115 (M.P.)

Registered / Corporate Office: 4th Floor, BPK Star Tower, A.B. Road, Indore - 452 008, (M.P.) India Contact No. +91 731 4780400/490 Fax: +91 731 4780410 E-mail: info@aabl.in CIN: L15520MP1989PLC049380

PROCEEDING OF THE 31st ANNUAL GENERAL MEETING OF ASSOCIATED ALCOHOLS & BREWERIES LIMITED HELD ON SATURDAY THE 05TH SEPTEMBER, 2020 THROUGH VIDEO CONFERENCING OR OTHER AUDIO VISUAL MEANS (OAVM) FOR WHICH PURPOSES THE REGISTERED OFFICE OF THE COMPANY SITUATED AT 4TH FLOOR, BPK STAR TOWER, A.B. ROAD, INDORE SHALL BE DEEMED AS THE VENUE FOR THE MEETING

DIRECTORS

MR TUSHAR BHANDARI - WHOLE TIME DIRECTOR - PRESIDED AS CHAIRMAN MR NITIN TIBREWAL - INDEPENDENT DIRECTOR - PRESENT IN PERSON MR DEBASHIS DAS - NON-EXECUTIVE NON INDEPENDENT DIRECTOR - THROUGH VC MR MANISH KUMAR TIBREWAL - NON-EXECUTIVE NON INDEPENDENT DIRECTOR THROUGH VC

OFFICERS

MR SANJAY KUMAR TIBREWAL - CHIEF FINANCIAL OFFICER - PRESENT IN PERSON MR. SUMIT JAITELY - COMPANY SECRETARY - PRESENT IN PERSON

PROMOTER GROUP

MR ANAND KUMAR KEDIA - THROUGH VC MR PRASANN KUMAR KEDIA - THROUGH VC MR ANSHUMAN KEDIA - PRESENT IN PERSON

SPECIAL INVITEES

MR V.N. DUBEY- CORPORATE ADVISOR - PRESENT IN PERSON CA GOPAL JAIN - PARTNER IN CHARGE - M/s SINGHI & CO. THROUGH VC CS ISHAN JAIN - SCRUTINIZER FOR REMOTE E-VOTING & VENUE VOTING - THROUGH VC

The Total Number of members as on the cut-off date 29.08.2020 was 17,473 members. As per the requirements of the Companies Act, 2013 in order to have a valid quorum at least 30 members are required to be present through Video Conferencing, out of the total members of the company 72 members were present through Video Conferencing throughout the meeting which also includes corporate member present through their authorised representative.

Plant: Khodigram, Tehsil Barwaha, Distt. Khargone - 451 115 (M.P.)

PROCEEDINGS OF THE MEETING:

As per the Article 80 of the Article of Association of the company Mr. Tushar Bhandari chairman of the Board occupied the Chair of the Meeting. The requisite quoru being present through Video Conferencing, the Chairman called the meeting in order.

The Chairman of the Audit Committee Mr. Nitin Tibrewal was also present at the meeting to respond the queries related to books of accounts etc

The meeting commenced at 02:00 PM with welcome to the shareholders followed by Chairman Speech with a review of business, operations and outlook, the chairman mentioned in his speech about the Indian Economy, Indian Alco Beverage Market and also riefed about the performance and results for the Financial Year 2019-20

The Chairman informed that the Board has recorrunended a dividend of 10% i.e Rs 1.00/- per share put henceforth for the approval at this Annual General Meeting

The Chairman further put the business to be transacted at the 31st Annual General Meeting and that with consent of the members present; the Notice convening 31st AGM was taken as read. The Independent Auditors Report, Secretarial Audit report and its ann xure were also taken as read.

The Chairman informed that the Company has enabled the facility provided by CDSL for Members to cast their vote through Remote E-voting and to participate at the 31st AGM through the video conferencing. The chairman requested the Members joining the meeting through video conferencing, who have not yet casted their vote by means of remote e-voting, may cast their vote through venue voting during the proceedings of the AGM.

The chairman than took up the questions raised and sent by shareholders and replied them suitably

The Chairman informed that the company has appointed CS Ishan Jain, Practicing Company Secretary (FCS 9978, CP 13032) as scrutinizer to scrutinize the r mote e-voting as well as venue voting in a fair and transparent manner.

The Chairman further informed the members with respect to the business to be transacted at the Meeting. As per notice dated 29th June, 2020 convening the 31st Annual General Meeting

ORDINARY BUSINESS

• 1. To receive, consider and adopt the Audited Financial Statements together with Directors Report as also the Auditors Report thereon for the year ended 31st March, 2020 2. To declare dividend on equity shares for the financial year ending 31st March, 2020
• 1. To reappoint Mr. Manish Kumar Tibrewl (DIN:00747559),who is liable to retire by rotation
  • and has offered him.self for reappointn1-ent.

SPECIAL BUSINESS

• 1. To appoint Ms. Hamai Ardeshir Daruwalla (DIN: 00365880) as an Independent Director of the company to hold office for 1st term of consecutive 3 years from the date of appointment
• 1. To appoint Mr. Debashis Das (DIN: 08755043) as a Non Executive Non Independent Director of the company liable to retire by rotation.
• 1. To approve the appointment of Mr Harshan Kumar Bhandari at office or place of profit

The Chairman informed all the members of the company that the results of remote evoting and ? venue voting will be announce within 48 hours from the conclusion of the AGM and the results of voting shall be declared by the chairman upon receipt of scrutinizer report and will placed on the company's and BSE NSE website.

The Chairman proposed the Vote of Thanks to the members and invitees for attending the meeting and declared that the meeting as closed.

Mr Sumit Jaitely Proposed the vote of Thanks to Chair and to the Board members The meeting concluded at 02:20 PM

Thanking You

Your's F ai thfull y

For Associated Ale ols & Breweries Limited