Bodal Chemicals Ltd — AGM Information 2021

Sep 24, 2021

By Online Submission

Sec/21-22/63 Date: 24-09-2021

To, The General Manager, BSE Ltd. 1st Floor, New Trading Ring, Rotunda Building, P.J. Tower, Dalal Street, Fort Mumbai- 400 001 BSE Code: 524370

To, The General Manager, National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Sandra (E), Mumbai - 400 051. NSE CODE: BODALCHEM

Dear Sir/ Madam,

Sub: Proceedings/outcome of 35th Annual General Meeting (AGM) held on 24th September 2021.

Pursuant to the Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, we herewith submit Proceedings /outcome of 35th Annual General Meeting (AGM) held on Friday, 24th September 2021 through Video Conferencing/ Other Audio Visual Means in accordance with the circular(s) issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India and business(es) mentioned in the Notice dated 14th August, 2021, convening the AGM, were transacted thereat.

This is for your Record please.

Thanking You,

Encl: a/a.

I HEAD OFFICE:

Plot No. 123-124, Phase-1, G.I.D.C, Vatva, Ahmedabad- 382 445., Gujarat, India.

www.bodal.com CIN No. : L24 ll 0GJl 986PLC009003 Tel: +91 9909950855 +91 9909950856 E-mail: info@bodal.com I

SUMMARY OF PROCEEDINGS OE._35TH ANNUAL GENERAL MEETING HELD ON FRIDAY, 24TH SEPTEMBER 2021

The 35th Annual General Meeting (AGM) of the company was held on Friday, 24th September 2021 through two way Video Conferencing(VC)/Other Audio Visual Means(OAVM) in accordance with the applicable provisions of Companies Act, 2013 read with Rules issued thereunder and the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulation 2015. The AGM was commenced at 12.03 p.m. and conclude at 12.25 p.m.

Mr. Suresh J. Patel, Chairman and Managing Director took the chair for the meeting. After that Shri Ashutosh B. Bhatt, Company secretary of the company, on behalf of the Chairman, welcomed all the Directors and Members of the company at the 35th Annual General Meeting.

Shri Ashutosh B. Bhatt, Company secretary of the company, on behalf of the Chairman, informed the members that the Company had taken all feasible efforts under the current circumstances to enable members to participate through video conference and vote at the AGM.

After ascertaining that the requisite number of members were present through VC/OAVM Shri Ashutosh B. Bhatt, Company secretary of the company, on behalf of the Chairman, called the meeting in order. All the Directors were present at the Meeting. The Statutory Auditors were also present at the meeting.

Shri Ashutosh B. Bhatt, Company Secretary, on behalf of the chairman requested all Directors on the Board and KMPs of the company to introduce themselves. After that, all Directors and KMPs have introduce themselves during the Virtual meeting.

Shri Ashutosh B Bhatt Company Secretary, on behalf of the Chairman, provided general instructions to the members regarding participation in the meeting. He, inter alia, informed the members that the documents which are statutorily required to be kept open were available electronically for inspection by the members during the AGM.

After that Chairman, Mr. Suresh J. Patel, delivered his chairman speech at the Annual General Meeting.

Further, with the permission of the members, on behalf of the chairman, Company secretary declared that the Notice convening the AGM and the Annual Report of the Company for the financial year ended 31st March 2021, were taken as read as the same were already circulated to the members. As the Audit Report, did not contain any qualifications/adverse remarks it was not read at the meeting.

After conclusion of the speech, Shri Ashutosh B. Bhatt, Company Secretary, on behalf of Chairman informed the following:

• The remote e-voting period which had commenced on Tuesday, 21st September 2021 at 9.00 a.m. ended on Thursday, 23rd September 2021 at 5.00 p.m.
• The Company had provided a facility to the members to cast their votes electronically, on all resolutions set forth in the Notice convening the 35t h AGM of the Company.

Members who had not cast their votes through remote e-voting platform were provided with an opportunity to cast their votes, electronically during the AGM.

The following items of business as per the Notice of Annual General meeting dated 14th day of August 2021, were carried out by the members at the meeting through remote e-voting ~ili)l~.!DS during AGM:

I II O OFFICE: Plot No. 123-124, Phase-1, G.I.D.C, Vatva, Ahmedabad- 382 445., Gujarat, India.

I

www.bodal.com CIN No.: L24II0GJ1986PLC009003 Tel: +91 9909950855 +91 9909950856 E-mail: info@bodal.com I

Pursuant to Section 109 of the Companies Act, 2013, the Company has appointed Mr. Tapan Shah, Practicing Company Secretary as scrutinizer to conduct the process in fair and transparent manner.

Ordinary Business:

1. a. adoption of the audited financial statement of the Company for the Financial Year ended on 31st March 2021 and the reports of the Board of Directors' and Auditors' thereon; and

b. adoption of the audited consolidated financial statement of the Company for the financial year ended 31st March 2021 and reports of Auditors' thereon.

• 1. Declaration of final dividend Rs.0.80 per equity share (40% on FV of Rs. 2/-) on equity shares for the financial year 2020-21.
• 1. Appointment of Mr. Bhavin S. Patel (Holding Din: 00030464), who retires by rotation and being eligible for reappointment.

Special Business:

• 1. Ratification of the remuneration of the Cost Auditors for the financial year 2021-2022.
• 1. Approval of Material Related Party transactions
• 1. Appointment of Mr. Mayank K. Mehta as an Independent Director of the Company for a period of five year.
• 1. Reappointment of Mr. Nalin Kumar as an Independent Director of the Company for second term for period of five years
• 1. Reappointment of Mrs. Neha Huddar as an Independent Director of the Company for second term for period of five years

Then, the chairman invited the members to ask questions/queries or clarifications, if any, share their comments and also offer suggestions. The Chairman responded to the queries raised by the shareholders at the annual general meeting.

After that, Shri Ashutosh B. Bhatt, Company Secretary informed the shareholders that after obtaining the consolidated result of scrutinizer of remote e-voting and e-voting conducted at the AGM will be intimated to Stock Exchanges separately and also put on the website of the company.

The meeting was concluded with the vote of thanks by the chairman.

This is for your information and record please.

Thanking You,

I HEAD OFFICE:

Plot No. 123-124, Phase-1, G.1.D.C, Vatva, Ahmedabad- 382 445., Gujarat, India.

www.bodal.com CINNo.: L24110GJ1986PLC009003 Tel: +91 9909950855 +91 9909950856 E-mail: info@bodal.com I