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AXISCADES TECHNOLOGIES LIMITED — AGM Information 2022
Sep 28, 2022
61656_rns_2022-09-28_4aa53f69-d78b-4caa-a09b-3c240cd31289.pdf
AGM Information
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September 28, 2022
Listing Department The Manager National Stock Exchange of India Ltd. Dptt. of Corporate Services Exchange Plaza, C-1, Block G BSE Limited Bandra Kurla Complex, Floor 25 Phiroze Jeejeebhoy Towers Bandra (E), Dalal Street, Fort, Mumbai- 400051 Mumbai – 400 051 BSE Scrip Code : 532395 NSE Symbol: AXISCADES
Dear Sir,
Sub.: Submission of Proceedings of the Thirty Second Annual General Meeting
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith the proceedings of the Thirty Second Annual General Meeting of the Company held on September 27, 2022, at 11:30 am.
Kindly take the same to your records.
Yours truly, For AXISCADES Technologies Limited
SONAL Digitally signed by SONAL KISHORE KISHORE DUDANI DUDANI Date: 2022.09.28 11:45:50 +05'30'
Sonal Dudani
Company Secretary & Compliance Officer
Encl: A/a
AXISCADES Technologies Limited
(Formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435
Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru - 60024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com
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Summary of Proceedings of the 32[nd] Annual General Meeting
The 32[nd] Annual General Meeting (AGM) of the Members of AXISCADES Technologies Limited (“the Company”) is held on Tuesday, 27[th] September 2022, at 11:30 am (IST) through Video Conferencing/ Other Audio-Visual Means in compliance with the provisions of the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs and SEBI from time to time.
| Time of Commencement: | 11:30 am | Time of Conclusion: 12:48 pm. |
Time of Conclusion: 12:48 pm. |
|---|---|---|---|
| Director’s present: | |||
| Mr. David Bradley | - | Chairman & Non-Executive Director | |
| Mr. Arun Krishnamurthi | - | CEO & Managing Director | |
| Mr. Sudhakar Gande | - | Non-Executive Director | |
| Mr. Desh Raj Dogra | - | Independent Director-Chairman, Audit Committee & | |
| Stakeholders Relationship Committee | |||
| Mr. Dhiraj Mathur | - | Independent Director | |
| Mrs. Mariam Mathew | - | Independent Director- Chairperson, Nomination & | |
| Remuneration Committee | |||
| Mr. Sharadhi Chandra | - | Non-Executive Director | |
| Babu Pampapathy | |||
| Mr. Harold David Walker | - | Non-Executive Director | |
| In attendance | |||
| Mr. Shashidhar SK | - | Chief Financial Officer | |
| Ms. Sonal Dudani | - | Company Secretary & Compliance officer | |
| Mr. Sunil Gaggar | - | Statutory Auditors | |
| Mr. Anant Khamankar | - | Secretarial Auditor & Scrutinizer |
Ms. Sonal Dudani, Company Secretary & Compliance officer, on behalf of the Chairman welcomed all the members attending the Annual General Meeting.
AXISCADES Technologies Limited
(Formerly AXISCADES Engineering Technologies Limited)
CIN No.: L72200KA1990PLC084435
Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru - 60024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com
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The Company Secretary introduced Directors & KMPs on the Board of the Company virtually present at the AGM. She informed the members that Mr. David Abikzir could not attend the meeting due to another engagement. She confirmed to the members that the authorized representative of the Statutory Auditors, Secretarial Auditor and Scrutinizer were also virtually present.
On being informed, the requisite quorum being present, she called the meeting to order.
It was recorded that all feasible planning and execution was done for enabling electronic participation and voting of the members for the AGM.
She mentioned that the Statutory Registers as mentioned in the notice to the annual report are available for inspection of the members and members seeking to inspect such documents can contact the Company Secretary and Compliance Officer for the same.
She added that as mentioned in the Notice convening the meeting, since the meeting is being held electronically, the proxy related procedures have been dispensed and hence the proxy register is not available for inspection.
She further informed the members that the Company had provided remote e-voting facility to the members (which started at IST 9:00 am on Saturday, September 24, 2022, and concluded at IST 5:00 pm on Monday, September 26, 2022) to cast their votes on all the resolutions set forth in the AGM Notice. Members who were participating in the meeting and had not cast their votes through remote e-voting, were provided the opportunity to cast their votes through e-voting at the meeting.
Thereafter, the Chairman proceeded with his address to the members covering performance highlights of the Company for FY22, onboarding of new management, segment outlook, prospects and other important developments.
Thereafter, Mr. Arun Krishnamurthi, CEO & Managing Director presented the performance of the Company covering financial and Business highlights. Further, he added that the growth strategy of the Company rests on three pillars: Going Digital, Sector Diversification and Client Diversification.
With the consent of the members, the Company Secretary took the notice convening the AGM, the Annual Accounts, Boards' Report and the Auditor’s Report for the financial year ended March 31, 2022 as read.
AXISCADES Technologies Limited
(Formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435
Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru - 60024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com
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The following items of business as stated in the notice convening 32nd AGM, were put to vote and approved by members.
| No. | Resolutions | Type of Resolutions |
|---|---|---|
| Ordinary Business: | ||
| 1. | Adoption of Audited Financial Statements (Standalone & Consolidated) |
Ordinary |
| 2. | Appointment of Director, Mr. Sudhakar Gande (DIN: 00987566), liable to retire by rotation |
Ordinary |
| 3. | Appointment of Director, Mr. Harold David Walker (DIN: 08764633), liable to retire by rotation |
Ordinary |
| 4. | Appointment of Statutory Auditors of the Company | Ordinary |
| Special Business: | ||
| 5. | Reappointment of Mr. Desh Raj Dogra (DIN: 00226775) as an Independent Director |
Special |
| 6. | Reappointment of Mr. Dhiraj Mathur (DIN: 08478137) as an Independent Director |
Special |
| 7. | Approval for increase in the Borrowing limits of the Company | Special |
| 8. | Approval for creation of charge on the assets of the Company | Special |
| 9. | Approval for Material Related Party Transaction- Consultancy agreement between Wholly Owned Subsidiary AXISCADES Inc. & INBIS where Chairman Mr. David Bradley is interested. |
Ordinary |
| 10. | Alteration of Articles of Association of company | Special |
Thereafter, the Company Secretary opened the floor for ‘Questions & Answers’ for the members who had registered themselves as the speakers to ask questions or express their views. The management responded to the queries posted by the members.
The Board of Directors had appointed Anant B. Khamankar & Co. as the Scrutinizer to supervise the e-voting process. The Scrutinizer was requested to compile the results of remote e-voting as well as e-voting at the AGM and submit consolidated Scrutinizer's report within the stipulated time.
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 Scrutinizer’s Report will be disseminated to the Exchanges and will be placed on the Company’s website, in due course.
AXISCADES Technologies Limited
(Formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435
Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru - 60024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com
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The Company Secretary, with the permission of the Chairman, then concluded the meeting with vote of thanks to the shareholders, members of the Board, Auditors, and the Management team for attending and participating in the meeting.
This is for your information and records.
Thanking You.
Yours faithfully,
For AXISCADES Technologies Limited
SONAL Digitally signed by SONAL KISHORE KISHORE DUDANI Date: 2022.09.28 DUDANI 11:47:10 +05'30'
Sonal Dudani Company Secretary & Compliance Officer
AXISCADES Technologies Limited
(Formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435
Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru - 60024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com