Birla Precision Technologies Ltd — Board/Management Information 2020

Sep 5, 2020

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SJ/BSE/23/2020-21

To, Date: 05[th] September, 2020

Department of Corporate Services, BSE Limited,

Floor 25, P.J. Towers, Dalal Street, Mumbai-400 001

Scrip Code: 522105

Sub: Revised Outcome of the Board Meeting SJ/02/2020-2021 held on 31[st] August,2020

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their meeting held on 31[st] August, 2020 considered and approved, inter alia, the following:

1. Considered and approved issue of shares on preferential basis to Birla Infrastructure Limited & Birla Bombay Private Limited- subject to approval of shareholders.

2. Considered & approved Employee Stock Option Scheme called as Birla Precision Technologies Limited Employee Stock Option Scheme 2020-A subject to approval of shareholders.

3. Considered & Approved the appointment of Ms. Yashika Jain as Non-Executive, Independent Director. Brief profile of Ms. Yashika Jain is annexed as Annexure:A

4. Considered & approved incorporation of wholly owned subsidiary at Germany in the name & style of Birla Precision Technologies GMBH(proposed Name). Details of the same is annexed as Annexure: B

With Reference to our letter No. SJ/BSE/19& 20 /2020-21dated 31[st] August, 2020& 01[st] September, 2020 due to current COVID-19 PANDEMIC situation in the city where Registered and Corporate Office of the Company is situated, the day to day working of the Company is severely affected because of which conducting the Annual General Meeting of the Company within due date i.e. 30[th] September, 2020 as per requirement of provision of Companies Act 2013 and as per framework provided vide General Circular No. 20/2020 dated 5th May, 2020 (The said Circular) would be extremely difficult, as the working is affected badly. The Company was planning to do the Annual General Meeting in due course of time but due to ill health of company personal the AGM work has been affected badly. So

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

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the company is now unable to conduct the AGM in due course of time as announced.The is applying for extension of AGM from concerned Registrar .

The revised date of 33[rd] AGM of the Company shall be decided in due course of time by the Board of Directors of the Company and will be intimated in accordance with the Applicable Laws. In view of the above, the pre- AGM Notice which was published in Business Standard & Mumbai Lakshdeep dated 01[st] September, 2020 in regards to information to the shareholding would also stand cancelled.

Inconvenience caused to the Members of the Company on account of cancellation of the AGM is deeply regretted. The above information will also be available on the website of the Company, i.e. www.birlaprecision.com.

Kindly take the same on your records and disseminate the same.

Thanking you,

Your faithfully,

For Birla Precision technologies Limited

Sd/-

Shaijal Jain

Company Secretary

Kindly note that the document could not be physically signed, as the employees are working from home because of the outbreak of COVID-19.

ANNEXURE-A

Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended, relating to appointment:

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Disclosure requirement Details
a) Reason for change viz. Appointment, Appointment as additional Director
Resignation, Removal, Death or
otherwise
b) Date of appointment & term of Appointment w.e.f. 31.08.2020
appointment
c) Brief profile (in case of appointment) Ms. Yashika Jain, is Masters in
Commerce, and having knowledge in
accounts& Commerce.
d) Disclosure of relationships between Ms. Yashika Jain is not related to any
Directors director of the Company
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Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

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Annexure: -B

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S. N. PARTICULAR DETAILS
01. Proposed Name(s) of proposed Company Birla Precision Technologies
GMBH
02. Amount of Investment by BPTL Euro 25000 (Tentative)
03. Nature of the Transaction Related Party (100% Subsidiary of
BPTL)
04. Activity which is to be carried by the Trading of Automotive
proposed Company Components & Cutting Tools
05. Object & Effect of Investment Expansion of Business
06. Nature of Consideration Cash Consideration
07. % of holding of BPTL 100%
08. Name of the Person who is Authorised Mr. Ayushman Reddy
on behalf of the Company to look after
incorporation. (proposed) Mr. Bhawar Singh Goar
09. Indicative time period for completion of 6Month
acquisition/incorporation
10. Any other Governmental Approval needs to be taken
(Germany)approvals pending/ to be
taken
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For Birla Precision Technologies Limited

Sd/Shaijal Jain Company Secretary

Kindly note that the document could not be physically signed, as the employees are working from home because of the outbreak of COVID-19.

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214