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AXISCADES TECHNOLOGIES LIMITED — AGM Information 2023
Sep 28, 2023
61656_rns_2023-09-28_f25ba348-6f37-4079-9624-4c70c30bce19.pdf
AGM Information
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September 28, 2023
The Manager Dppt. Of Corporate Services BSE Limited Phirozee Jeejeebhoy Tower, Dalal Street Mumbai 400 001 BSE Scrip Code: 532395
Listing Department The National Stock Exchange of India Limited Exchange Plaza, 5 Floor, Plot C/1, G Block Bandra – Kurla Complex, Bandra(E), Mumbai 400 051 NSE Symbol: AXISCADES
Dear Sir,
Sub: Proceedings of the 33[rd] Annual General Meeting (AGM) of AXISCADES Technologies Limited
We wish to inform you that the 33[rd] Annual General Meeting of the Company was held today i.e. September 28, 2023, at 02:30 pm (IST) via Video Conferencing (VC) / Other Audio Visual Means (“OAVM”).
Please find attached the summary of proceedings of the 33[rd] AGM pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kindly take the same to your records.
Yours truly, For AXISCADES Technologies Limited
SONAL Digitally signed by SONAL KISHORE KISHORE DUDANI Date: 2023.09.28 DUDANI 19:12:48 +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 33[rd] Annual General Meeting
The 33[rd ] Annual General Meeting (AGM) of the Members of AXISCADES Technologies Limited (“the Company”) is held on Thursday, 28[th] September 2023, at 02:30 pm (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: 02:30 pm Time of Conclusion: 3:44 pm
Director’s present:
-
Mr. David Bradley - Chairman & Non-Executive Director
-
Mr. Arun Krishnamurthi - CEO & Managing Director
-
Mr. Desh Raj Dogra Independent Director - Chairman, Audit Committee &
- Stakeholders Relationship Committee
-
Mr. Dhiraj Mathur Independent Director – Chairman, Risk Management Committee
-
Mrs. Mariam Mathew - Independent Director- Chairperson, Nomination & Remuneration Committee
-
Dr. S. Christopher - Non-Executive Director Mr. Sharadhi Chandra - Non-Executive Director Babu Pampapathy Mr. Venkataraman - Non-Executive Director Venkitachalam
In attendance
-
Mr. Shashidhar SK - Group Chief Financial Officer Ms. Sonal Dudani - Company Secretary & Compliance officer -
-
Mr. Sunil Gaggar Statutory Auditors Mr. Anant Khamankar - Secretarial Auditor & Scrutinizer
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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Ms. Sonal Dudani, Company Secretary & Compliance officer, on behalf of the Chairman welcomed all the members attending the Annual General Meeting.
The Company Secretary introduced Directors & KMPs on the Board of the Company virtually present at the AGM. She confirmed to the members that the authorized representatives 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 Monday, September 25, 2023, and concluded at IST 5:00 pm on Wednesday, September 27, 2023) 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 achievements of the Company during the financial year 2022-23, important developments and strategic priorities in future.
Thereafter, Mr. Arun Krishnamurthi, CEO & Managing Director presented the performance of the Company covering Financial and Business highlights, milestones and accomplishments and performance across geographies during the financial year 2022-23.
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, 2023 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 33[rd] AGM, were put to vote and approved by members except for Item No. 2.
Company Secretary informed that Mr. David Bradley has expressed his intention to step down from the position of Chairman & Non-Executive Director, effective as of the close of the Annual General Meeting. Consequently, this resolution seeking re-appointment has become infructuous, and voting for the same won’t be considered.
| No. | Resolutions | Type of Resolutions |
|---|---|---|
| Ordinary Business: | ||
| 1. | Adoption of Audited Financial Statements (Standalone &Consolidated) | Ordinary |
| 2. | Appointment of Director, Mr. David Bradley (DIN: 08380717),liable to retire by rotation | - |
| 3. | Mr. Sharadhi Chandra Babu Pampapathy (DIN: 02809502),Director liable to retire by rotation, who does not seek re-election | Ordinary |
| Special Business: | ||
| 4. | Appointment of Dr. S. Christopher (DIN: 08983133) as Non-Executive, Non-Independent Director of the Company | Ordinary |
| 5. | Payment of Commission to Non-Executive Directors | Special |
| 6. | Approval for borrowing limits of the Company | Special |
| 7. | Approval for creation of charge on the assets of the 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 DUDANI Date: 2023.09.28 19:13:23 +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