Bigbloc Construction Limited — Board/Management Information 2023

Aug 29, 2023

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Date: 29/08/2023

To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, BLOCK G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E) Mumbai - 400001 Mumbai - 400051 Script Code: 540061 Symbol: BIGBLOC ISIN :INE412U01025 ISIN : INE412U01025

Dear Sir/Madam,

- SUB: Outcome of Board Meeting Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company at its meeting held on Tuesday, 29[th] August, 2023 at the Registered Office of the Company, inter alia, inter alia, transacted the following businesses:

1. Subject to the approval of Shareholders at ensuing Annual General Meeting of the Company and pursuant to the provisions of Sections 149, 150 and 152 and other applicable provisions, if any, read along with Schedule IV to the Companies Act, 2013 (‘the Act’), the Companies (Appointment and Qualifications of Directors) Rules, 2014 and Regulation 17 and any other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), as amended from time to time, Mr. Sachit Jayesh Gandhi (DIN: 03408683), who was appointed as an Independent Director of the Company for a term of 5 (five) consecutive years from the conclusion of Third (03rd) Annual General Meeting up to the conclusion of Eighth (8th) Annual General Meeting of the Company to be held for the financial year 2022 - 2023 ending 31st March 2023, be and is hereby recommended for re-appointment as an Independent Director of the Company, not liable to retire by rotation, to hold office for a second term of 5 (five) consecutive years on the Board of the Company commencing from the conclusion of Eighth Annual General Meeting up to the conclusion of Thirteenth (13th) Annual General Meeting of the Company to be held for the financial year 2027 - 2028 ending 31st March 2028.

2. Subject to the approval of Shareholders at ensuing Annual General Meeting of the Company and pursuant to the provisions of Section 185 and all other applicable provisions of the Companies Act, 2013 and Rules made thereunder as amended from time to time, the Board is empowered for giving loan(s) in one or more tranches including loan represented by way of book debt (the "Loan") to, and/or giving of guarantee(s), and/or providing of security(ies) in connection with any Loan taken/to be taken by any entity which is a Subsidiary or Associate or Joint Venture or group entity of the Company or any other person in which any of the Director of the Company is deemed to be interested (collectively referred to as the "Entities"), up to a sum not exceeding Rs.

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200 Crores [Rupees Two Hundred Crores Only] at any point in time, in its absolute discretion deem beneficial and in the best interest of the Company.

1. Subject to the approval of Shareholders at ensuing Annual General Meeting of the Company and pursuant to the provisions of Section 186 of the Companies Act, 2013, read with the Companies (Meetings of Board and its Powers) Rules, 2014 as amended from time to time and in suppression of earlier limits approved by the Board, the Board of Directors is empowered to (a) give any loan to any person(s) or other body corporate(s) ; (b) give any guarantee or provide security in connection with a loan to any person(s) or other body corporate(s) ; and (c) acquire by way of subscription, purchase or otherwise, securities of any other body corporate from time to time in one or more tranches as the Board of Directors as in their absolute discretion deem beneficial and in the interest of the Company, for an amount not exceeding Rs.250 Crores (Rupees Two Hundred and Fifty Crores Only) outstanding at any time, notwithstanding that such investments, outstanding loans given or to be given and guarantees and security provided are in excess of the limits prescribed under Section 186 of the Companies Act, 2013.

2. The Board has considered and approved the Director’s Report and annexures thereon for the Financial Year ended on 31st March, 2023.

3. The Board has decided to convene 8[th] Annual General Meeting of the Company on Monday, 25[th] September, 2023 and approved the Notice of 8[th] Annual General meeting.

4. The Board has appointed M/s. Dhirren R. Dave & Co., Company Secretaries, Surat as the Scrutinizer for 8[th] Annual General Meeting of the Company.

5. The Board took note that Promoter Group shareholders comprising of 60.03% shares of the Company are waiving their dividend considering the forthcoming expansions of the Company. Letters for the same are already received by the Company.

The Board Meeting of the company commenced at 10:00 A.M. and concluded at 12:00 P.M.

You are requested to take the above on record and disseminate to all concerned.

Thanking You Yours Faithfully,

For BIGBLOC CONSTRUCTION LIMITED Alpesh Digitally signed by Alpesh Somjibhai Somjibhai Makwana Date: 2023.08.29 Makwana 12:04:46 +05'30' Alpesh Makwana Company Secretary and Compliance Officer ICSI Membership No.: A46284

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