Bhansali Engineering Polymers Ltd. — AGM Information 2019

Sep 28, 2019

b~ANsAli ENGiNEERiNG polyMERS liMi1Ed

CIN: L27100MH1984PLC032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62163/64 ·Fax: (91-22) 2621 6077 •E-mail: abstron@bhansaliabs.com •Website: www.bhansaliabs.com

BEPL/SEC/2019/104

September 28, 2019

To,	To,
The Manager,	The Manager
The SSE Limited,	(Listing Department)
Corporate Relationship Department,	National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Sandra-Kurla Complex,
Dalal Street, Mumbai -400 001.	Sandra (East), Mumbai-400 051
Security Code : 500052	Security Code: BEPL

Subject: Proceedings of the 35•h Annual General Meeting

Dear Sir/ Madam,

Pursuant to Regulation 30 read with Schedule III of the SES! (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the summary of proceedings of the 35th Annual General Meeting (AGM) of the Company held today i.e. Saturday, September 28, 2019.

Kindly take the said information on your records.

Thanking You,

Yours' faithfully, For Bhansali Engineering Polymers Limited ~ M. Patel

Ashwin Co:mpany Secretary & GM (Legal)

bhANsAli ENGiNEERiNq polyMERS liMi1Ed

CIN: L27100MH1984PLC032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62163/64 ·Fax: (91·22) 2621 6077 ·E-mail: abstron@bhansaliabs.com ·Website: www.bhansaliabs.com

Summary of Proceedings of the 35•h Annual General Meeting of the Company held on September 28, 2019

The 35th Annual General Meeting of the Company was held on Saturday, September 28, 2019 at 11:30 a.m. at Walchand Hirachand Hall, 4th Floor, Indian Merchants' Chamber, Veer Nariman Road, Churchgate, Mumbai - 400 020.

Mr. M. C. Gupta, Chairman of the Board, after ascertaining that the quorum was in order, proceeded with the meeting. It was informed that the Company had received 18 proxy forms for 88,45,325 Equity shares, representing 5.33 % of the paid-up share capital of the Company.

He introduced the Directors on the dais. Among other directors, Chairman of the Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee were also present at the AGM. Also present at the meeting were the Statutory Auditors and the Secretarial Auditors of the Company.

The Scrutinizer, Mr. Himanshu S. Kamdar, Partner of M/s. Rathi & Associates, Practicing Company Secretaries, Mumbai (COP No. 3030), was also present at the meeting to scrutinize the e-voting process as well as voting at the venue of AGM.

The relevant registers under the applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Auditor's Report, Secretarial Audit Report were laid on the table and were open for inspection during the AGM.

The Chairman presented a brief overview of the Economy and the Company's performance.

With the permission of the members, Statutory Auditors' Report and the annexure to the same as well as the Secretarial Auditors' Report were taken as read.

The Chairman then invited questions/queries from the shareholders, which were responded to the satisfaction of the shareholders by Mr. Babula! M. Bhansali, Managing Director of the Company.

The following items of business, as per the Notice of the AGM were transacted -

Ordinary Business:

• 1. To receive, consider and adopt:
  • (i) Audited Financial Statements of the Company for the Financial Year ended March 31, 2019 together with the Reports of the Board of Directors and Auditors thereon;
  • (ii) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2019 and the Report of Auditors thereon.

b~ANsAli ENGiNEERiNG polyMERs liMiTEd

GIN: L27100MH1984PLG032637

Registered Office : 401, 4th Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai - 400 058. Tel.: (91-22) 2621 6060/61/62163/64 ·Fax: (91-22) 2621 6077 ·E-mail: abstron@bhansaliabs.com ·Website: www.bhansaliabs.com

• 1. To declare dividend on Equity shares of Re. 1 each for the financial year ended March 31, 2019.
• 1. To appoint a Director in place of Mr. Jayesh 8. Bhansali (DIN: 01062853), who retires by rotation and being eligible, offers himself for re-appointment.

Special Business

• 1. Payment of Remuneration to the Cost Auditors of the Company for the Financial Year 2019-20.
• 1. To increase the Authorized Share Capital of the Company.
• 1. Alteration in the Capital Clause of Memorandum of Association

The members were informed that the results of the e-voting and ballot poll conducted at the AGM of the Company shall be disseminated to the stock exchanges and shall also be uploaded on the website of the Company within the prescribed time limit.

The meeting concluded with a vote of thanks to the Chairman.