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Bharat Electronics Ltd. Declaration of Voting Results & Voting Rights Announcements 2019
60828_rns_2019-09-17_bc1549ae-cefb-458e-9e83-2fddd95d0a46.pdf
Declaration of Voting Results & Voting Rights Announcements
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प्रति To,
बीएसई लि. BSE Ltd. फिरोज़ जीजीबॉय टावर्स Phiroze Jeejeebhoy Towers दलाल स्टीट Dalal Street मंबई Mumbai - 400 001
सं.No. 17565/4/SE/MUMC/SEC दिनांक / Date: 17.09.2019
महोदय / महोदया, Dear Sir/Madam,
भारत इलेक्ट्रॉनिक्स BHARAT ELECTRONICS भारत इलेक्ट्रॉनिक्स लिमिटेड (भारत सरकार का उद्यम, रक्षा मंत्रालय) पंजीकत कार्यालय : आउटर रिंग रोड़, नागवारा, बेंगलूर - 560 045, भारत Bharat Electronics Limited (Govt. of India Enterprise, Ministry of Defence) Registered Office : Outer Ring Road, Nagavara, Bangalore - 560 045, INDIA. CIN: L32309KA1954GOI000787 टेलीफैक्स/Telefax: +91 (80) 25039266 : [email protected] ई-मेल/E-mail : www.bel-india.com वेब/Web
विषय - 65 वीं वार्षिक सामान्य बैठक की कार्यवाही और मतदान के परिणाम । Sub: Proceedings of 65th Annual General Meeting and Voting Results.
हमारे पत्र दिनांक 22 अगस्त, 2019 के अनुक्रम में, आपको सुचित किया जाता है कि 65 वीं एजीएम आहत करने की सूचना दिनांक 7 अगस्त, 2019 में उल्लिखित अनुसार कारोबार करने के लिए. दिनांक 16 सितंबर, 2019 को दोपहर 03:30 बजे दि कलिंग हॉल, होटल ललित अशोक, कमार कपा हाई ग्राउंडस, बेंगलरू -560001 में कंपनी की 65 वीं एजीएम आयोजित की गई।
In continuation to our letter dated 22nd August, 2019, we wish to inform you that the 65th AGM of the Company was held on 16th September, 2019 at 03:30 p.m. at the kalinga Hall, Hotel Lalit Ashok, Kumara Krupa High Grounds, Bengaluru -560001 to transact the business as stated in the Notice convening the $65th$ AGM dated $7th$ August, 2019.
निदेशक मंडल ने श्री थिरुपाल गोरिगे, पेशेवर कंपनी सचिव को एजीएम में बैलेट पेपर के माध्यम से सदर ई-वोटिंग और वोटिंग के लिए स्क्रूटिनाइज़र नियुक्त किया था। श्री थिरुपाल गोरिगे ने 15 सितंबर, 2019 को शाम 05.00 बजे तक प्राप्त सभी इलेक्टॉनिक मतदानों और बैठक के समापन तक एजीएम में बैलेट पेपर के माध्यम से किए गए मतदान की संविक्षा की और 17 सितंबर, 2019 को अपनी रिपोर्ट प्रस्तुत की।
The Board of Directors had appointed Mr. Thirupal Gorige, Practicing Company Secretary as the Scrutinizer for the remote e-voting and voting through ballot paper at the AGM. Mr. Thirupal Gorige has carried out the scrutiny of all the electronic votes received upto 05.00 P.M on 15th September, 2019 and vote cast through ballot paper at the AGM till the conclusion of the Meeting and has submitted his report dated $17th$ September, 2019.
स्क्रूटिनाइज़र की समेकित रिपोर्ट के आधार पर, 65 वीं एजीएम आहुत करने की सूचना में निर्धारित सभी .संकल्पों को शेयरधारकों द्वारा अपेक्षित बहुमत के साथ अनुमोदित किया गया ।
Based on the consolidated report of the Scrutinizer, all the resolutions as set out in the Notice convening the 65th AGM have been duly approved by the shareholders with the requisite majority.
इस संबंध में, कपया निम्नलिखित संलग्न पाएं-
In this regard, please find enclosed the following:
- सेबी (सूचीकरण की बाध्यताएं और प्रकटीकरण की अपेक्षाएं) विनियम के विनियम 30, के अनुसूची III के भाग- ए के पैरा-ए के उप-पैरा 13 के तहत यथा अपेक्षित कार्यवाही का सार अनुलग्नक -1 के रूप में ।
Summary of the proceedings as required under the Regulation 30, Sub-para 13 of Para-A of Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations as Annexure-1.
- अनुलग्नक -2 के अनुसार सेबी (सूचीबद्ध बाध्यताएं और प्रकटीकरण की अपेक्षाएं) विनियम के विनियमन 44 के तहत अपेक्षित परिणाम ।
Voting results as required under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations as Annexure-2.
- स्क्रूटिनाइज़र की रिपोर्ट दिनांक 17 सितंबर, 2019 Report of Scrutinizer dated 17th September, 2019.
सूचनार्थ व अभिलेख हेत्। This is for your information and record.
सधन्यवाद, Thanking you,
भवदीय Yours faithfully, कृते भारत इलेक्ट्रॉनिक्स लिमिटेड For Bharat Electronics Ltd.
एस. श्रीमिवास S. Sreenivas कंपनी सचिव Company Secretary
संलग्नक- यथा उपरोक्त । Encls: As above
Summary of the Proceedings of the 65th Annual General Meeting.
The 65th Annual General Meeting of Members of Bharat Electronics Limited was held on Monday, the 161h September, 2019 from 3:30 p.m. to 5:15 p.m. at The Kalinga Hall, Hotel Lalit Ashok, Kumara Krupa High Grounds, Bengaluru - 560001.
Mr. M V Gowtama, Chairman and Managing Director, chaired the meeting and asked the Company Secretary to confirm the quorum of the meeting. The requisite quorum being present chairman called the meeting to order and introduced the individuals present on the dais.
Present
-
- Mr. M V Gowtama Chairman and Managing Director 2. Mr. Nataraj Krishnappa - Director (Other Units) 3. Mrs. Anandi Ramalingam - Director (Marketing) 4. Mr. Koshy Alexander - Director (Finance) 5. Mr. Mahesh V - Director (Research & Development) 6. Mr. Vinay Kumar Katyal - Director (Bangalore Complex) 7. Mr. Shivakumaran K M - Director (Human Resources) 8. Dr. Amit Sahai - Government Nominee Director 9. Ms. J Manjula - Government Nominee Director 10. Dr. R K Shevgaonkar - Independent Director 11. Mrs. Usha Mathur - Independent Director 12. Mr. Mukka Harish Babu - Independent Director 13. Dr. Vijay S Madan - Independent Director 14. Mr. Surendra Singh Sirohi - Independent Director 15. Mr. Sunil Kumar Kohli - Independent Director
-
- Mr. Sreenivas S -
- Company Secretary
All the Directors of the Company attended the meeting except Dr. Bhaskar Ramamurthi and Mr. Sharad Shyam Sanghi, Independent Directors for whom leave of absence was granted as they had expressed their inability to attend the meeting due to pre-occupation.
Invitees
-
- Mr. Natarajan V Statutory Auditor
-
- Mr. Thirupal Gorige Secretarial Auditor and Scrutinizer
Members Present
In person: 445 By Proxy:06 By Corporate Representatives: 02
Thereafter, Cha'rman commenced the proceed'ngs.
The Cha'rman 'nformed the members that the Statutory Reg'sters and Company's Memorandum and Art'c'es of Assoc'at'on were ava''ab'e for 'nspect'on dur'ng the meet'ng. Annua' Report was taken as read by members.
The Cha'rman addressed the shareho'ders on the performance of the Company and 'ts future p'ans & act'v't'es. He ment'oned that there was no observat'on from Statutory Aud'tors & a'so 'nformed about the N'' report rece'ved from C&AG on the Accounts of the Company. He further 'nformed that the appo'ntment of 'ndependent D'rectors was under cons'derat'on by the Government of 'nd'a 'n re'at'on to the observat'on of Secretar'a' Aud'tor 'n h's Report.
Cha'rman 'nformed that as per the not'ce of 651h AGM dated 71h August, 2019, three (3) proposa's under ord'nary bus'ness and f've (5) proposa's under spec'a' bus'ness are proposed for approva' of the Members as per deta''s hereunder and adv'sed the Company Secretary to read out the reso'ut'ons be'ng proposed at the meet'ng and the same was acted upon.
The fo''ow'ng 'tems of bus'ness, as per the Not'ce of 651h AGM dated 71h August, 2019 were transacted at the meet'ng and passed w'th requ's'te major'ty:
| S'No. | Bus'nesses | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ord'naryBus'nesses: | ||||||||||
| 1 | adoptcons'derandTo: | |||||||||
| thethetheStatement(s)F'nanc'aAud'tedfor(a)ofCompany'theReportsf'nanc'a'of312019yearendedonMarchandtheofD'rectorsthereon.Aud'torsandBoard | ||||||||||
| theStatement(s)Aud'tedconso''datedf'nanc'a'the(b)ofthef'nanc'a'for312019CompanyyearonMarchandendedreportsthereontheAud'torsof | ||||||||||
| 2 | ''the(170%)nter'mconf'rmofofpaymentd'v'dendTo1.70?- | Ord'nary | ||||||||
| '- (170%)F'na'toequ'tyD'v'dendofpersharedec'areand? 1.70 | Reso'ut'on | |||||||||
| tthef'nanc'a2018-19.equ'tyoffor' yearpershare1 each | ||||||||||
| 3 | (D'appo'ntD'rector'nNatarajofMr.Kr'shnappaTop'aceN:a | Ord'nary | ||||||||
| ret'rese''g'b'e,rotat'onoffersbe'ng07506012),whoandby | Reso'ut'on | |||||||||
| re-appo'ntmenth'mse'ffor | ||||||||||
| Spec'a'4 | Bus'nesses:'Appo'ntmentofV'nayKatya'(D08281078) | Ord'nary | ||||||||
| KumarN:MrasD'rector. | Reso'ut'on | |||||||||
| 5 | (D'Appo'ntmentofSh'vakumaran08473589)N:MrasKM | Ord'nary | ||||||||
| D'rector. | Reso'ut'on | |||||||||
| 6 | (D'Appo'ntmentSun''ofMr.Koh''05321549)KumarN:as | Ord'nary | ||||||||
| 'D'rector.ndependent | Reso'ut'on |
| 7 | RatificationremunerationtheofAuditor.ofCost | OrdinaryResolution |
|---|---|---|
| 8 | objectthetheAlterationAssociationofofofMemorandumclausetheofCompany. | SpecialResolution |
The Chairman then invited Members for discussion. The Chairman replied to the queries raised by the shareholders and noted the constructive suggestions of the shareholders.
The Chairman informed that Mr. Thirupal Gorige, Practicing Company Secretary was appointed as the Scrutinizer by the Board for remote e-voting process as well as the poll at the AGM. Further, the Chairman requested those Members, who have not exercised the remote e-voting facility, may use the facility of ballot paper for casting their vote on the resolutions as stated in the AGM notice.
The Members were informed that the consolidated results of voting and the Scrutinized Report will be disseminated to the Stock Exchanges and will also be hosted on the website of the Company and National Securities Depository Limited, the agency that provided e-voting facility.
Since there was no further clarification sought, the Chairman concluded the meeting with vote of thanks at 05:15 p.m.
Note: The above should not be construed to be the minutes of the proceedings of the 65{h Annual General Meeting of the Company.
Thanking you,
Yours faithfully, r Bharat Electronics Ltd. Company Secretary
Annexure-2
Disclosure of voting result of the 65th Annual General Meeting of the Company held on 16th September, 2019.
| DatetheofAGM | 161h September,2019 |
|---|---|
| date/cut-offTotaofas onrecordl numbershareholdersdate91h September,(i.e.2019) | 67,1712, |
| themeetingeitherinOfshareholderspresentinNo.throughProxy:personor | |
| PromoterPromoterGroupand | Nil |
| Public | 453 |
| attendedthemeetingthroughshareholdersOfNo.video-conferencing: | |
| PromoterPromoterGroupand | NotApplicable |
| Public | NotApplicable |
Format for Voting Results
| informationGeneralaboutCompany | |||||
|---|---|---|---|---|---|
| Scripcode | 500049 | ||||
| NSE Symbol | BEL | ||||
| MSEISymbol | NA | ||||
| ISIN | INE263A01024 | ||||
| theName ofcompany | BHARAT ELECTRONICSLIMITED | ||||
| meetingTypeof | AGM | ||||
| themeetingDate/Datedeclarationofofofl Ballot)resultsPosta(incase of | 16-09-2019 | ||||
| timetheStartmeetingof | 3:30PM | ||||
| End timethemeetingof | 5:15PM |
| ScrutinizerDetails | |||||
|---|---|---|---|---|---|
| theScrutinizerName of | Mr.THIRUPAL GORIGE | ||||
| FirmsName | M/STHIRUPALGORIGE & ASSOCIATESLLP | ||||
| Qualification | CS | ||||
| MembershipNumber | 6680 | ||||
| DateMeetingofinwhichBoardappointed | 29-07-2019 | ||||
| theDatetoof Issuance ofReportCompany | 17-09-2019 |
| Resolution (1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special) | Ordinary | ||||||||
| Whether promoter/promoter group are interested in the | No | ||||||||
| Description of resolution considered | thereon. | To consider and adopt: (a) the audited Financial Statement(s) of the Company forthe financial year ended 31 March 2019 and the reports of the Board of Directorsand Auditors thereon. (b) the audited consolidated Finanncial Statement(s) of theCompany for the financial year ended 31 March 2019 and the reports of Auditors | |||||||
| Category | Mode of voting | No. of sharesheld | No. of votespolled | % of Votes polledon outstandingshares | No. of votes- in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled | |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | $(6)=[(4)/(2)]*100$ | $(7)=[(5)/(2)]*100$ | |||
| Promoter and | E-Voting | 1362894613 | 100.0000 | 1362894613 | $\Omega$ | 100,0000 | 0.0000 | ||
| Promoter | Poll | 1362894613 | 0.0000 | 0 | |||||
| Group | Postal Ballot (if applicable) | 0.0000 | U | $\Omega$ | |||||
| Total | 1362894613 | 1362894613 | 100.0000 1362894613 | 0 | 100.0000 | 0.0000 | |||
| E-Voting | 749237186 | 87.8991 | 749237186 | $\Omega$ | 100.0000 | 0.0000 | |||
| Public- | Poll | 852383640 | 0.0000 | 0 | |||||
| Institutions | Postal Ballot (if applicable) | 0.0000 | 0 | $\Omega$ | |||||
| Total | 852383640 | 749237186 | 87.8991 | 749237186 | $\overline{0}$ | 100.0000 | 0.0000 | ||
| E-Voting | 39763121 | 17.9668 | 39760933 | 2188 | 99.9945 | 0.0055 | |||
| Public-Non | Poll | 221314690 | 123029 | 0.0556 | 121893 | 1136 | 99.0766 | 0.9234 | |
| Institutions | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | ||||||
| Total | 221314690 | 39886150 | 18.0224 | 39882826 | 3324 | 99.9917 | 0.0083 | ||
| Total | 2436592943 | 2152017949 | 88.3208 2152014625 | 3324 | 99.9998 | 0.0002 | |||
| Whether resolution is Pass or Not. | Yes | ||||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | ||||
|---|---|---|---|---|
| Category | No. of Votes | |||
| Promoter and Promoter Group | ||||
| Public Insitutions | ||||
| Public - Non Insitutions |
| Resolution (2) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special) | Ordinary | ||||||||
| Whether promoter/promoter group are interested in the | No | ||||||||
| Description of resolution considered | To confirm the payment of Interim dividend of $\bar{\tau}$ 1.70/- (170%) per equity share andto declare Final Dividend of ₹1.70/- (170%) per equity share of ₹1 each for thefinancial year 2018-19. | ||||||||
| Category | Mode of voting | No. of shares No. of votesheld | polled | % of Votes polledon outstandingshares | No. of votes$-$ in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled | |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | (6)=[(4)/(2)]*100 | $(7)=[(5)/(2)]*100$ | |||
| Promoter and | E-Voting | 1362894613 | 100.0000 | 1362894613 | $\Omega$ | 100.0000 | 0.0000 | ||
| Poll | 1362894613 | 0.0000 | 0 | ||||||
| Promoter | Postal Ballot (if applicable) | 0.0000 | 0 | $\Omega$ | |||||
| Group | Total | 1362894613 | 1362894613 | 100.0000 | 1362894613 | $\Omega$ | 100.0000 | 0.0000 | |
| E-Voting | 750305602 | 88.0244 | 750305602 | O | 100.0000 | 0.0000 | |||
| Public- | Poll | 852383640 | 0.0000 | O | $\Omega$ | ||||
| Institutions | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | ||||||
| Total | 852383640 | 750305602 | 88.0244 | 750305602 | $\Omega$ | 100.0000 | 0.0000 | ||
| E-Voting | 39890550 | 18.0244 | 39887503 | 3047 | 99.9924 | 0.0076 | |||
| Public-Non | Poll | 221314690 | 123029 | 0.0556 | 121563 | 1466 | 98.8084 | 1.1916 | |
| Institutions | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | ||||||
| Total | 221314690 | 40013579 | 18.0799 | 40009066 | 4513 | 99.9887 | 0.0113 | ||
| Total | 2436592943 2153213794 | 88.3699 2153209281 | 4513 | 99.9998 | 0.0002 | ||||
| Whether resolution is Pass or Not. | Yes | ||||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | ||||
|---|---|---|---|---|
| Category | No. of Votes | |||
| Promoter and Promoter Group | ||||
| Public Insitutions | ||||
| Public - Non Insitutions |
| Resolution (3) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special) | Ordinary | |||||||
| Whether promoter/promoter group are interested in the | No | |||||||
| Description of resolution considered | To appoint a Director in place of Mr. Nataraj Krishnappa (DIN: 07506012), who retiresby rotation and being eligible, offers himself for re-appointment. | |||||||
| Category | Mode of voting | No. of shares No. of votesheld | polled | % of Votes polledon outstandingshares | No. of votes- in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | (6)=[(4)/(2)]*100 | (7)=[(5)/(2)]*100 | ||
| E-Voting | 1362894613 | 1362894613 | 100.0000 | 1362894613 | 0 | 100.0000 | 0.0000 | |
| Promoter and | Poll | 0.0000 | $\Omega$ | |||||
| PromoterGroup | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | |||||
| Total | 1362894613 | 1362894613 | 100.0000 | 1362894613 | 100.0000 | 0.0000 | ||
| E-Voting | 750305602 | 88.0244 | 598830249 151475353 | 79.8115 | 20.1885 | |||
| Public- | Poll | 852383640 | 0.0000 | $\Omega$ | ||||
| lInstitutions | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | |||||
| Total | 852383640 | 750305602 | 88.0244 | 598830249 151475353 | 79.8115 | 20.1885 | ||
| E-Voting | 39885105 | 18.0219 | 39810517 | 74588 | 99.8130 | 0.1870 | ||
| Public-Non | Poll | 221314690 | 123029 | 0.0556 | 121451 | 1578 | 98.7174 | 1.2826 |
| Institutions | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | |||||
| Total | 221314690 | 40008134 | 18.0775 | 39931968 | 76166 | 99.8096 | 0.1904 | |
| Total | 2436592943 | 2153208349 | 88.3696 | 2001656830 151551519 | 92.9616 | 7.0384 | ||
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | ||||
|---|---|---|---|---|
| Category | No. of Votes | |||
| Promoter and Promoter Group | ||||
| Public Insitutions | ||||
| Public - Non Insitutions |
| Resolution (4) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special)Whether promoter/promoter group are interested in the | OrdinaryNo | |||||||
| Description of resolution considered | Appointment of Mr. Vinay Kumar Katyal (DIN: 08281078) as Director. | |||||||
| Category | Mode of voting | No. of shares No. of votesheld | polled | % of Votes polledon outstandingshares | No. of votes– in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | $(6)=[(4)/(2)]*100$ | $(7)=[(5)/(2)]*100$ | ||
| E-Voting | 1362894613 | 1362894613 | 100.0000 | 1362894613 | n | 100.0000 | 0.0000 | |
| Promoter andPromoter | Poll | ΩI | 0.0000 | 0 | ||||
| Group | Postal Ballot (if applicable) | $\Omega$ | 0.0000 | 0 | ||||
| Total | 1362894613 | 1362894613 | 100.0000 1362894613 | 100.0000 | 0.0000 | |||
| E-Voting | 750305602 | 88.0244 | 645735573 104570029 | 86.0630 | 13.9370 | |||
| Public- | Poll | 852383640 | $\Omega$ | 0.0000 | $\mathbf{0}$ | |||
| Institutions | Postal Ballot (if applicable) | $\Omega$ | 0.0000 | $\Omega$ | ||||
| Total | 852383640 | 750305602 | 88.0244 | 645735573 104570029 | 86.0630 | 13.9370 | ||
| E-Voting | 39887928 | 18.0232 | 39817949 | 69979 | 99.8246 | 0.1754 | ||
| Public-Non | Poll | 221314690 | 123029 | 0.0556 | 120588 | 2441 | 98.0159 | 1.9841 |
| Institutions | Postal Ballot (if applicable) | 0.0000 | 0 | |||||
| Total | 221314690 | 40010957 | 18.0788 | 39938537 | 72420 | 99.8190 | 0.1810 | |
| Total | 2436592943 2153211172 | 88.3698 2048568723 104642449 | 95.1402 | 4.8598 | ||||
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | ||
|---|---|---|
| Category | No. of Votes | |
| Promoter and Promoter Group | ||
| Public Insitutions | ||
| Public - Non Insitutions |
| Resolution (5) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special)Whether promoter/promoter group are interested in the | OrdinaryNo | |||||||
| Description of resolution considered | Appointment of Mr. Shivakumaran K M (DIN: 08473589) as Director. | |||||||
| Category | Mode of voting | No. of shares No. of votesheld | polled | % of Votes polledon outstandingshares | No. of votes- in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | $(6)=[(4)/(2)]*100$ | $(7)=[(5)/(2)]*100$ | ||
| Promoter | E-Voting | 1362894613 | 100.0000 | 1362894613 | $\Omega$ | 100.0000 | 0.0000 | |
| land | Poll | 1362894613 | 0 | 0.0000 | $\Omega$ | |||
| Promoter | Postal Ballot (if applicable) | 0 | 0.0000 | 0 | $\Omega$ | |||
| Group | Total | 1362894613 | 1362894613 | 100.0000 | 1362894613 | $\Omega$ | 100.0000 | 0.0000 |
| E-Voting | 750305602 | 88.0244 | 645735573 104570029 | 86.0630 | 13.9370 | |||
| Public- | Poll | 852383640 | 0 | 0.0000 | $\Omega$ | |||
| Institutions | Postal Ballot (if applicable) | O. | 0.0000 | $\Omega$ | ||||
| Total | 852383640 | 750305602 | 88.0244 | 645735573 104570029 | 86.0630 | 13.9370 | ||
| E-Voting | 39873166 | 18.0165 | 39800900 | 72266 | 99.8188 | 0.1812 | ||
| Public-Non | Poll | 221314690 | 123029 | 0.0556 | 121323 | 1706 | 98.6133 | 1.3867 |
| Institutions | Postal Ballot (if applicable) | 0.0000 | ||||||
| Total | 221314690 | 39996195 | 18.0721 | 39922223 | 73972 | 99.8151 | 0.1849 | |
| Total | 2436592943 2153196410 | 88.3691 | 2048552409 104644001 | 95.1401 | 4.8599 | |||
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | ||
|---|---|---|
| Category | No. of Votes | |
| Promoter and Promoter Group | ||
| Public Insitutions | ||
| Public - Non Insitutions |
| Resolution (6) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Whether promoter/promoter group are interested in the | Resolution required: (Ordinary / Special) | OrdinaryNo | ||||||
| Description of resolution considered | Appointment of Mr. Sunil Kumar Kohli (DIN: 05321549) as Independent Director. | |||||||
| Category | Mode of voting | No. of sharesheld | No. of votespolled | % of Votes polledon outstandingshares | No. of votes$-$ in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | $(6)=[(4)/(2)]*100$ | $(7)=[(5)/(2)]*100$ | ||
| Promoter | E-Voting | 1362894613 | 100.0000 | 1362894613 | 100.0000 | 0.0000 | ||
| land | Poll | 1362894613 | 0 | 0.0000 | $\Omega$ | |||
| Promoter | Postal Ballot (if applicable) | $\Omega$ | 0.00001 | $\Omega$ | $\Omega$ | |||
| Group | Total | 1362894613 | 1362894613 | 100.0000 1362894613 | 100.0000 | 0.0000 | ||
| E-Voting | 699617478 | 82.0778 | 647570237 | 52047241 | 92.5606 | 7.4394 | ||
| Public- | Poll | 852383640 | 0 | 0.0000 | Ω | $\Omega$ | ||
| Institutions | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | |||||
| Total | 852383640 | 699617478 | 82.0778 | 647570237 | 52047241 | 92.5606 | 7.4394 | |
| E-Voting | 39885463 | 18.0221 | 39814526 | 70937 | 99.8221 | 0.1779 | ||
| Public-NonInstitutions | Poll | 221314690 | 123029 | 0.0556 | 119925 | 3104 | 97.4770 | 2.5230 |
| Postal Ballot (if applicable) | 0.0000 | U | $\Omega$ | |||||
| Total | 221314690 | 40008492 | 18.0776 | 39934451 | 74041 | 99.8149 | 0.1851 | |
| Total | 2436592943 2102520583 | 86.2894 2050399301 | 52121282 | 97.5210 | 2.4790 | |||
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | ||
|---|---|---|
| Category | No. of Votes | |
| Promoter and Promoter Group | ||
| Public Insitutions | ||
| Public - Non Insitutions |
| Resolution (7) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Whether promoter/promoter group are interested in the | Resolution required: (Ordinary / Special) | OrdinaryNo | ||||||
| Description of resolution considered | Ratification of Remuneration of the Cost Auditor. | |||||||
| Category | Mode of voting | No. of shares No. of votesheld | polled | % of Votes polledon outstandingshares | No. of votes- in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | (6)=[(4)/(2)]*100 | $(7)=[(5)/(2)]*100$ | ||
| E-Voting | 1362894613 | 100.0000 | 1362894613 | $\Omega$ | 100.0000 | 0.0000 | ||
| Promoter and | Poll | 1362894613 | ΩI | 0.0000 | $\Omega$ | |||
| PromoterGroup | Postal Ballot (if applicable) | 0 | 0.0000 | $\mathbf{0}$ | ||||
| Total | 1362894613 | 1362894613 | 100.0000 1362894613 | 100.0000 | 0.0000 | |||
| E-Voting | 750305602 | 88.0244 | 750305602 | $\Omega$ | 100.0000 | 0.0000 | ||
| Public- | Poll | 852383640 | $\Omega$ | 0.0000 | $\overline{0}$ | |||
| Institutions | Postal Ballot (if applicable) | 0 | 0.0000 | $\Omega$ | ||||
| Total | 852383640 | 750305602 | 88.0244 | 750305602 | 100.0000 | 0.0000 | ||
| E-Voting | 39888564 | 18.0235 | 39871246 | 17318 | 99.9566 | 0.0434 | ||
| Public-Non | Poll | 221314690 | 123029 | 0.0556 | 120723 | 2306 | 98.1256 | 1.8744 |
| Institutions | Postal Ballot (if applicable) | O. | 0.0000 | $\Omega$ | ||||
| Total | 221314690 | 40011593 | 18.0790 | 39991969 | 19624 | 99.9510 | 0.0490 | |
| Total | 2436592943 2153211808 | 88.3698 2153192184 | 19624 | 99.9991 | 0.0009 | |||
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | ||
|---|---|---|
| Category | No. of Votes | |
| Promoter and Promoter Group | ||
| Public Insitutions | ||
| Public - Non Insitutions |
| Resolution (8) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special)Whether promoter/promoter group are interested in the | SpecialNo | |||||||
| Description of resolution considered | Alteration of the Object Clause of the Memorandum of Association of the Company. | |||||||
| Category | Mode of voting | No. of shares No. of votesheld | polled | % of Votes polledon outstandingshares | No. of votes- in favour | No. of$votes -$against | % of votes infavour on votespolled | % of Votes againston votes polled |
| (1) | (2) | $(3)=[(2)/(1)]*100$ | (4) | (5) | $(6)=[(4)/(2)]*100$ | $(7)=[(5)/(2)]*100$ | ||
| E-Voting | 1362894613 | 100.0000 | 1362894613 | $\Omega$ | 100.0000 | 0.0000 | ||
| Promoter and | Poll | 1362894613 | 0.0000 | $\Omega$ | ||||
| Promoter | Postal Ballot (if applicable) | 0.0000 | $\Omega$ | |||||
| Group | Total | 1362894613 | 1362894613 | 100.0000 | 1362894613 | 100.0000 | 0.0000 | |
| E-Voting | 750305602 | 88.0244 | 750305602 | O | 100.0000 | 0.0000 | ||
| Public- | Poll | 852383640 | 0.0000 | 01 | ||||
| Institutions | Postal Ballot (if applicable) | 0.0000 | 0 | $\Omega$ | ||||
| Total | 852383640 | 750305602 | 88.0244 | 750305602 | 100.0000 | 0.0000 | ||
| E-Voting | 39888963 | 18.0236 | 39877432 | 11531 | 99.9711 | 0.0289 | ||
| Public-NonInstitutions | Poll | 221314690 | 123029 | 0.0556 | 121563 | 1466 | 98.8084 | 1.1916 |
| Postal Ballot (if applicable) | 0.0000 | $\Omega$ | ||||||
| Total | 221314690 | 40011992 | 18.0792 | 39998995 | 12997 | 99.9675 | 0.0325 | |
| Total | 2436592943 | 2153212207 | 88.3698 | 2153199210 | 12997 | 99.9994 | 0.0006 | |
| Whether resolution is Pass or Not. | Yes | |||||||
| Disclosure of notes on resolution |
$\sim$
| Details of Invalid Votes | ||
|---|---|---|
| Category | No. of Votes | |
| Promoter and Promoter Group | ||
| Public Insitutions | ||
| Public - Non Insitutions |
Report of Scrutinizer(s)
[Pursuant to rule section 108 of the Companies Act, 2013 and rule 21(2) of the Companies (Management and Administration) Rules, 2014] SCRUTINIZER'S REPORT
To
The Chairman
65th Annual General Meeting of the Members of BHARAT ELECTRONICS LIMITED held on September 16, 2019 Outer Ring Road, Nagavara, Bangalore - 560 045
Dear Sir,
Sub.: Scrutinizer's Report
We, M/s Thirupal Gorige & Associates LLP, a Practising Company Secretaries firm, having office at No. 87, 2nd Floor, 21st Cross, 7th Main, N S. Palya, BTM 2nd Stage, Bengaluru - 560 076, India, have been appointed as a Scrutinizer by the Board of Directors of M/s. BHARAT ELECTRONICS LIMITED (the "Company") in connection with e-voting held between September 11, 2019 to September 15, 2019 and voting on the below mentioned resolution(s) set out in the notice convening the 65th Annual General Meeting of the Members held on Monday, 16th September, 2019 at "The Kalinga Hall, Hotel Lalit Ashok, Kumara Krupa High Grounds, Bengaluru - 560 001. Karnataka, at 3.30 PM for the purpose of scrutinizing the remote e-voting and voting by ballot papers at the venue of the AGM in a fair and transparent manner and ascertaining the requisite majority for the said votings as per the provisions of the Companies Act 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, on the resolutions referred to in this report.:
Responsibility as a Scrutinizer
The management of the Company is responsible to ensure the compliance with the requirements of the Companies Act, 2013 and Rules relating to remote e-voting and voting by ballot papers at the venue of the AGM on the resolutions so contained in the notice of the 65th AGM dated 7th August, 2019. Our responsibility as a Scrutinizer for the e-voting process and voting by ballot paper at venue of the AGM is restricted to make a Scrutinizer's Report of the votes cast "in favour" or "against" the resolution(s) set out in the notice convening the 65th Annual General Meeting, based on the reports generated from the e-voting system provided by the National Securities Depository Limited ("NSDL"), the authorized agency engaged by the Company for providing e-voting facilities to its shareholders.
We submit our report as under:
-
- The remote e-voting period remained open from 9.00 AM (IST) on 11th September, 2019 till 15th September, 2019 upto 5.00 PM (IST).
-
- The Shareholders holding shares as on the "cut off" date, 09th September, 2019 were entitled to vote on the proposed 8 (Eight) resolutions as mentioned in the Notice of 65th AGM of the Company dated 7th August, 2019.
-
- The Company has also provided ballot papers at the venue of the AGM to enable the shareholders to cast the votes in case the same has not been casted by them through remote e-voting.
-
- The votes were unblocked on Monday, the 16th September, 2019 around 7:00 PM after the completion of the AGM in the presence of two witnesses, namely, Ms. G. Likitha, resident of #12,1st Cross, Kaveri Layout, Maratahalli, Bengaluru-37 and Ms. Della Santhosh T, #8, 7th Main, 17th Cross, BTM 2nd Stage, Bengaluru -560076 who are not in the employment of the Company.
-
- On completion of e-voting by the members of the Company, M/s. Integrated Enterprises (India) Limited (Registrar and Transfer Agents of the Company) provided us with the voting results.
-
- The votes were reconciled with the records maintained by the Company / Registrar and Transfer Agents of the Company and the authorizations / proxies lodged with the Company.
-
- The votes, which were incomplete and/or which were otherwise found defective have been treated as invalid and kept separately.
-
- The combined result of remote e-voting (EVEN: 111331) and voting by ballot papers is as under
pacificy
Report of Scrutinizer(s)
[Pursuant to rule section 108 of the Companies Act, 2013 and rule 21(2) of the Companies (Management and Administration) Rules, 2014]
A. Ordinary Business
Resolution No.1: Ordinary Resolution
To consider and adopt:
(a) the audited Financial Statement(s) of the Company for the financial year ended 31 March 2019 and the reports of the Board of Directors and Auditors thereon.
(b) the audited consolidated Financial Statement(s) of the Company for the financial year ended 31 March 2019 and the reports of Auditors thereon.
Voted in favour of the resolution
| Mode of voting | Number of Membersvoted(inpersonorby proxy) | votesNumber ofby themcast | % of totalnumbervotesofvalidcast |
|---|---|---|---|
| Remote e-voting | 2151892732 | ||
| Voting at the AGM by_ballotpaper | 121893 | ||
| Total | 2152014625 | 99.9998 |
(ii) Voted against the resolution:
| votingMode of!j | Number ofMembersvoted(inpersonor | votesNumber ofcast by them | % of totalnumbervotesof validcast |
|---|---|---|---|
| Remote e-voting | |||
| Votingat the AGM byballot paper | |||
| Total |
(iii) Invalid votes
| Totalnumber of members (inpersonor by | Totalnumber of votesby themcast |
|---|---|
| invalidvoteswhosewere declaredproxy) | |
2) Resolution No. 2: Ordinary Resolution
Confirmation of payment of Interim dividend of Rs.1.70/- (170%) per equity share and to declare Final Dividend of Rs. 1.70/- (170%) per equity share of Rs.1 each for the financial year 2018-19.
(i) Voted in favour of the resolution:
| Mode of voting | Number of Membersvoted(inpersonorby proxy) | Number of votesby themcast | % oftotalnumberof validvotescast |
|---|---|---|---|
| Remote e-voting | 2153087718 | ||
| _Voting at the AGM byballot paper | |||
| Total | 2153209281 |
(iiÿVotedjKjajnst thej-esolution
| votingMode of | Number of Membersvoted(inpersonorby proxy) | Number ofvotesby themcast | % of totalnumberof validvotescast |
|---|---|---|---|
| Remote e-voting | |||
| Voting at the AGM byballot paper | |||
| Total |
Report of Scrutinizer(s)
[Pursuant to rule section 108 of the Companies Act, 2013 and rule 21(2) of the Companies (Management and Administration) Rules, 2014]
(iii) Invalid voteii
| Total(inpersonnumber of membersorbyI proxy)votesdeclaredinvalidwhosewere | by themTotalnumber of votescast |
|---|---|
3) Resolution No.3: Ordinary Resolution
Re-appointment of retiring director Mr. Nataraj Krishnappa
(i) Voted in favour of the resolution:
| Mode of voting | NumberofMembers(invotedpersonorby proxy) | votesofNumberby themcast | % of totalnumbervotesof validcast |
|---|---|---|---|
| Remote e-voting | 2001535379 | ||
| Voting at the AGM byballot paper | 121451 | ||
| Total | 2001656830 |
(ii) Voted against the resolution:
| votingMode of | Number ofMembersvoted(inpersonorby proxy) | ofvotesNumbercast by them | % of totalnumbervotesvalidofcast |
|---|---|---|---|
| Remote e-voting | 151549941 | ||
| Voting at the AGM byballot paper | |||
| 7.0384 |
(iii) Invalid votes
| Totalnumber ofmembers (inorpersonbyproxy) whosevoteswere declaredinvalid | cast by themTotalnumber of votes |
|---|---|
B. SPECIAL BUSINESS
4) Resolution No.4: Ordinary Resolution
Appointment of Mr Vinay Kumar Katyal (DIN: 08281078) as Director.
Voted in favour of the resolution: _
| Mode of voting | NumberofMembersvoted(inpersonorby proxy) | votesofNumberby themcast | % of totalnumberof validvotescast |
|---|---|---|---|
| Remote e-voting | 2048448135 | ||
| Voting at the AGM byballotpaper | 120588 | ||
| Total | 2048568723 |
Voted against the resolution
| Mode of voting | NumberofMembersvoted(inpersonorby proxy) | votesNumberofcast by them | total% ofnumbervalidvotesofcast |
|---|---|---|---|
| Remote e-voting | 104640008 | ||
| Voting at the AGM byballot paper | |||
| Total | 104642449 |
Report of Scrutinizer(s)
[Pursuant to rule section 108 of the Companies Act, 2013 and rule 21(2) of the Companies (Management and Administration) Rules, 2014]
(iii) Invalid votes:
| number of members (iriTotalpersonor byvotesproxy)whoseweredeclaredinvalid | number of votesby themTotalcast |
|---|---|
| o | 0 |
5 Resolution No.5: Ordinary Resolution
Appointment of Mr Shivakumaran K M (DII\ : 08473589) as Director.
(i) Voted in favour of the resolution:
| Mode of voting | NumberofMembers(invotedpersonorby proxy)_____ | votesNumberof"~ | % of totalnumber |
|---|---|---|---|
| Remote e-voting | 2048431086 | ||
| Votingat the AGM byballot paper | 156 | 121323 | |
| Total | 871 | 2048552409 | 95.1401 |
(ii) Voted against the resolution:
| votingMode of | Number ofMembersvoted(inpersonorby proxy) | votesNumberofby themcast | % of totalnumbervotesvalidofcast |
|---|---|---|---|
| Remote e-voting | _125 _ | 104642295 | |
| Voting at the AGM byballot paper | 1706 | ||
| Total | 137 | 104644001 | 4.8599 |
(iii) Invalid votes:
| _Totalnumber of members (inorpersonbyvoteswere declaredinvalidproxy)whose"' | number of votesby themTotalcast |
|---|---|
| _0 | 0 |
6 Resolution No.6: Ordinary Resolution
Appointment of Mr. Sunil Kumar Kohli (DIN: 05321549) as Independent Director.
(i) Voted in favour of the resolution:
| Mode of voting | Number ofMembersvoted(inpersonorby proxy) | _Numberofvotesby themcast | % of totalnumberof validvotescast |
|---|---|---|---|
| Remote e-voting | 761 | 2050279376 | |
| Voting at the AGM byballot paper | 154 | 119925 | |
| Total | 915 | 2050399301 | 97.5210 |
(ii) Voted against the resolution:
| Mode of voting | Number ofMembersvoted(inpersonor~by proxy) | votesNumberofby themcast" | total% ofnumbervotesofvalidcast |
|---|---|---|---|
| Remote e-voting | 77_____ | 52118178~ | |
| Voting at theAGM byballot paper | 3104 | ||
| Total | 31 | 52121282 | 42.790 |
Report of Scrutinizer(s)
[Pursuant to rule section 108 of the Companies Act, 2013 and rule 21(2.) of the Companies (Management and Administration) Rules, 2014
(iii) Invalid votes:
| Total(innumber of memberspersonor by | cast by themvotesTotalnumber of |
|---|---|
| invalidvotesdeclaredwhosewereproxy) | |
| 0 | 0 |
7) Resolution No. 7: Ordinary Resolution
Ratification of Remuneration of the Cost Auditor.
Voted in favour of the resolution
| Mode of voting | ofNumberMembersvoted(inpersonorby proxy) | votesNumberofby themcast | % of totalnumberof validvotescast |
|---|---|---|---|
| Remote e-voting | 2153071461 | ||
| Voting at the AGM byballot paper | 120723 | ||
| Total |
(ii) Voted against the resolution:
| Mode of voting | ofNumberMembersvoted(inpersonor | votesNumberofby themcast | % of totalnumbervotesvalidofcast |
|---|---|---|---|
| Remote e-voting | 17318 | ||
| Votingat the AGM byballot paper | |||
| Total | 19624 |
(iii) Invalid votes
| Total(innumber of memberspersonorbyvotesdeclaredinvalidproxy) whosewere | _by themvotesTotalnumber ofcast |
|---|---|
8) Resolution No.8: Special Resolution
Alteration of the Object Clause of the Memorandum of Association of the Company.
Voted in favour of the resolution
| votingMode of | NumberofMembersvotedpersonor(inby proxy) | votesofNumbercast by them | % of totalnumberof validvotescast |
|---|---|---|---|
| Remote e-voting | 2153077647 | ||
| Voting at the AGM byballot paper | |||
| Total | 2153199210 |
(ii) Votedÿ against the resolution
| Mode of voting | NumberofMembersvoted(inpersonorby proxy) | ofvotesNumberby themcast | % of totalnumbervotesvalidofcast |
|---|---|---|---|
| Remote e-voting | |||
| Voting at theAGM byballotpaper | |||
| Total |
iii) Invalid votes
Total number of members (in person or by Total number of votes cast by them proxy) whose votes were declared invalid _ _ _
Report of Scrutinizer(s)
[Pursuant to rule section 108 of the Companies Act, 2013 and rule 21(2) of the Companies (Management and Administration) Rules, 2014]
-
- All the resolutions proposed herein above have been passed with the requisite majority.
-
- The remote e-voting register and other related papers/ registers and records shall remain in our safe custody until the Chairman of the meeting considers, approves and signs the minutes in this regard and thereafter it will be handed over to Company Secretary as authorised by the Board of Directors for safe keeping.
Thanking you, Yours faithfully,
For Thirupal Gorige & Associates LLP Practising Company Secretaries
Thirupal Gorige Designated Partner FCS No: 6680 CP No. 6424
Witness
1 G Likitha 2. Delia Santhosh T
Received the report of the Scrutiniser
For BHARAT ELECTRONICS LIMITED
(M V Gowtama) v x Chairman and Managing Director
Place: Bangalore Dated: 171h September, 201S