Balurghat Technologies Ltd. — AGM Information 2021

Sep 30, 2021

BALURGHAT TECHNOLOGIES LIMITED

(Formerly: Balurghat Transport Co. Ltd) 170/2C, A.JC. Bose Road Kolkata700014 Phone No.: (033) - 22866404 Email ID: kolkata@balurghat.co.in Website: www.balurghat.co.in CIN: L60210WB1993PLC059296

The Deputy General Manager The Bombay Stock Exchange Ltd P. J. Towers, 25th Floor Dalal Street, Mumbai-400001

Date: 30-09-2021

Dear Sir,

Re: Script Code: 520127

Sub: Outcome of 27[th] Annual General Meeting of the Company

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure requirements), we enclose herewith the summary of proceedings of the 27[th] Annual General Meeting of the Company held on 30[th] September, 2020.

Please take the same on record.

Thanking You,

For Balurghat Technologies Ltd

==> picture [115 x 39] intentionally omitted <==

==> picture [76 x 62] intentionally omitted <==

Arti Dugar (Company Secretary) ACS: 55175

Encl: As Above

BALURGHAT TECHNOLOGIES LIMITED

(Formerly: Balurghat Transport Co. Ltd) 170/2C, A.JC. Bose Road Kolkata700014 Phone No.: (033) - 22866404 Email ID: kolkata@balurghat.co.in Website: www.balurghat.co.in CIN: L60210WB1993PLC059296

SUMMARY OF PROCEEDINGS OF THE 27[TH] ANNUAL GENERAL MEETING OF THE COMPANY HELD ON, 30[TH] SEPTEMBER, 2020.

The 27[th] Annual General Meeting ("AGM") of the Members of the Balurghat Technologies Limited ('the Company') held on Wednesday, 30[th] September, 2020 AM through Video Conferencing (“VC”) or other Audio Visual Means (“OAVM”) in conformity with the provisions of Companies Act, 2013 read with the Rules issued thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Circulars issued by MCA and the SEBI. The meeting commenced at 01.00 PM and concluded at 02:30 PM.

• As per Article 101 of the Article of Association of the Company, Mrs. Gita Sharma, Chairman of the Board of Directors took the Chair.

• 36 Members were present through video conferencing or other audio visual means at the e-AGM. The requisite quorum being present, the Chairman called the meeting to order.

• All the Directors of the Company attended the meeting.

• The Chairman delivered his speech on the performance of your Company in the fiscal year 2020-21 and future outlook.

• With the consent of the Members, the Notice convening the Annual General Meeting, the Director's Report and the Annual Accounts for the financial year ended 31[st] March, 2021 were taken as read. As there were no qualifications in the Audit Report, it was not required to be read. The Chairman informed that the registers and documents, as statutorily required, were available for inspection of members electronically

• Mrs. Arti Dugar, Company Secretary, explained to the members about e-voting process and briefed regarding the resolutions to be transacted at the meeting.

• The Chairman informed that the Company had provided the Members the facility to cast their vote electronically, on all resolutions set forth in the Notice. Members who were present at the AGM and had not casted their votes electronically were provided an opportunity to cast their votes during the AGM.

• The items of Ordinary Business and Special Business before the Meeting, as listed under Serial No. 1 to 5 below, were covered.

The following resolutions were proposed and seconded by the members of the Company at the 27[th] Annual General Meeting held on Wednesday, 30[th] September, 2020.

Ordinary Business:

1. To consider and adopt the Audited Financial Statements for the Financial Year ended 31.03.2021 together with the reports of the Board of Directors and Auditor thereon.

2. To appoint Mr. Arun Kumar Sethia as Director of the Company, who is liable to retire by rotation and being offered himself for re-appointment

BALURGHAT TECHNOLOGIES LIMITED

(Formerly: Balurghat Transport Co. Ltd) 170/2C, A.JC. Bose Road Kolkata700014 Phone No.: (033) - 22866404 Email ID: kolkata@balurghat.co.in Website: www.balurghat.co.in CIN: L60210WB1993PLC059296

3. To appoint M/s Vineet Kapoor & Associates, Chartered Accountants (ICAI firm registration no. 322381E) as statutory auditors of the Company effective from July 30, 2021 till the conclusion of 32nd Annual General Meeting arising out of the casual vacancy caused in the office of statutory auditor.

Special Business:

4. Re-appointment of Mr. Arun Kumar Sethia (DIN: 00001027) as a Whole Time Director of the Company for a period of 5 (five) years with effect from 29th October, 2021.

5. Re-appointment of Mr. Pawan Kumar Sethia (DIN: 00482462) as a Managing Director of the Company for a period of 5 (five) years with effect from 22nd February, 2022.

Mr. Udit Agarwal, Kamalia Associates, was appointed as the Scrutinizer for ensuring voting being carried out in fair and transparent manner. The Chairman, thereafter, informed the Members that the results of remote e-voting and voting done at the AGM along with consolidated Scrutiniser's Report shall be informed to the Stock Exchanges, where the equity shares of the Company are listed and shall also be placed on the website of the Company within 48 hours from the conclusion of the AGM.

As all the business of the Meeting was completed, the Chairman declared the meeting as concluded. The Chairman thanked all t he Members present at the meeting.

Kindly take the above on yours records.

Thanking You, For Balurghat Technologies Ltd

==> picture [115 x 39] intentionally omitted <==

==> picture [76 x 63] intentionally omitted <==

Arti Dugar (Company Secretary) ACS: 55175