CCL Products (India) Ltd. — AGM Information 2021

Sep 23, 2021

23 September, 2021

To

The Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Bandra East, MUMBAI - 400051.

Dear Sir,

Sub: Submission of AGM Minutes Ref: Our Company Code —- CCL

In reference to the above, please find enclosed herewith a copy of the 60" Annual General Meeting Minutes.

Se

This is for your information and necessary records.

Regards,

For CCL Products (India) Limited

2S Sridevi Dasari° ~

Company Secretary & Compliance Officer

Encl: as above

MINUTES OF THE 60° ANNUAL GENERAL MEETING OF CCL PRODUCTS (INDIA) LIMITED HELD ON THURSDAY, AUGUST, 26, 2021 AT 01.15 P.M. THROUGH VIDEO CONFERENCING/ OTHER AUDIO VISUAL MEANS

PRESENT THROUGH VIDEO CONFERENCING/ OTHER AUDIO VISUAL MEANS

DIRECTORS:

• 1. Mr. Challa Rajendra Prasad Executive Chairman and Member
• 1. Mr. Challa Srishant Managing Director and Member
• 1. Mr. B. Mohan Krishna Executive Director and Member
• 1. Mr. Kata Chandrahas Independent, Non-Executive Director and Chairman of Audit and Stakeholders Relationship Committee
• 1. Mr. Vipin K. Singal Independent, Non-Executive Director and Member
• 1. Mr. Kode Durga Prasad Independent, Non-Executive Director and Member
• 1. Mr. G.V Krishna Rau Independent, Non-Executive Director and Chairman
• 1. Ms. Shantha Prasad Challa Non-Executive Director and Member
• 1. Mr. K.V. Chowdary Independent, Non-Executive Director
• 1. Mr. K. K. Sarma Non-Executive Director
• 1. Ms. Kulsoom Noor Saifullah Independent, Non-Executive Director
• 1. Dr. Lanka Krishnanand Non-Executive Director

ALSO PRESENT:

• 1. Mr. V. Lakshmi Narayana Chief Financial Officer
• 1. Ms. Sridevi Dasari Company Secretary & Compliance Officer

of Nomination and Remuneration Committee and Member

BY INVITATION:

• 1. CS M.B. Suneel Scrutinizer

MEMBERS PRESENT

Total members attended for the meeting: 57

Ms. Sridevi Dasari, Company Secretary, extended a token of appreciation to one and all, who registered their presence at the 60". Annual General Meeting (AGM) of the Company. Having done so, she apprised the audience that in view of the pandemic Covid 19, the instant AGM is being conducted through Video Conferencing/Other Audio Visual Means (VC), in compliance with applicable provisions of the Companies Act, 2013 read with relevant circulars issued by the Ministry of Corporate Affairs (MCA). She, then briefly took the audience through various matters related to their participation in the Meeting, mode and manner of raising queries, voting mechanism, resolution of technical glitches, if any, suffered during the Meeting. Further, she informed that physical attendance and proxy participation would not be available in the instant Meeting. Further, she also informed that statutory Registers were available for members' inspection.

• 1. CAK. Sreenivasan Partner, Ramanatham & Rao, Statutory Auditors
• 1. CS P.S. Rao Secretarial Auditor

After the formal appraisal, the Company Secretary extended a warm welcome to all the Directors present in the Meeting including Mr. Kata Chandrahas, the Chairman of Audit Committee and Stakeholders Relationship Committee and Mr. G V Krishna Rau, Chairman of Nomination and remuneration Committee as required and in compliance with the provisions of the Companies Act, 2013. She also noted the presence of Statutory Auditors and Secretarial Auditors in the Meeting.

Subsequent upon the completion of formal introduction, she requested the Chairman, Mr. Challa Rajendra Prasad, to take over the proceedings of the meeting.

Mr. Challa Rajendra Prasad, Chairman, commenced the proceedings of the Meeting. The Chairman welcomed the shareholders and extended his gratitude to all the Directors, key executives and others to the 60% Annual General Meeting of the Company.

The Chairman, announced the presence of requisite quorum and called the Meeting to order. He, further affirmed that in view of the prevailing pandemic, the 60" Annual General Meeting is being held through video conferencing mode in compliance with the directions issued by MCA and SEBI and further as a token of courtesy enquired generally about the safety and well-being of audience.

He, then announced that since the Annual Report has already been circulated, the same is being taken as read.

Further, he thanked all the stakeholders for their support to the Management in achieving good results during FY 2020-21.

Further, the Chairman presented the topline and bottomline of the Company on consolidated basis as well as at subsidiary level. He also acknowledged the efforts of subsidiaries' managements, viz M/s Continental Coffee SA (Switzerland) and M/s. Ngon Coffee Company Limited (Vietnam), in securing good sales and reporting positive results.

Further, he also presented a brief overview of the domestic operations of the Company, specifically highlighting the SEZ's commendable performance in a short period. He, then presented the upcoming business strategies of the Company both at national and international level and expressed his optimism on its future prospects.

While concluding his address he expressed his hearty gratitude towards the CCL Family, his colleagues, bankers, customers, business collaborators and shareholders and declared his commitment towards increasing the stakeholders' value and further to justify the faith and trust reposed in them.

The Chairman, then requested the Company Secretary to read out the resolutions forming part of Notice.

The Company Secretary read out the agenda items forming part of Ordinary Business and Special Business of the Meeting in the chronological order as laid in the Notice. In order to avoid repetition and to save the shareholders precious time, the draft resolutions, forming part of Notice of AGM, a copy of which was circulated well in advance and was also available with them, were taken as read.

Ordinary Business

Proposed and passed as ordinary resolution(s):

Item No.1

To consider and adopt:

(a) the audited Financial Statement of the Company for the year 2020-21 together with the Report of the Board of Directors and Auditors thereon; and

(b) the audited Consolidated Financial Statement of the Company for the year 2020-21.

Item No.2

(a) To confirm the interim dividend of Rs.2/- per Equity Share of Rs.2/- each, declared by the Board of Directors in their meeting held on 20" October, 2020 for the financial year 2020-21.

(b) To declare final dividend of Rs.2/- per Equity Share of Rs.2/- each to the shareholders for the financial year 2020-21.

Item No. 3

To appoint a director in place of Ms. Challa Shantha Prasad (DIN 00746477), who retires by rotation and being eligible, offers herself for re-appointment to the office of Director.

Item No. 4

To appoint a director in place of Mr. K. K. Sarma (DIN 06672873), who retires by rotation and being eligible, offers himself for re-appointment to the office of Director.

Special Business:

Proposed and passed as ordinary resolution:

Item No. 5

Ratification of remuneration to Cost Auditors

She, further, informed that the Company has provided e-voting facility in respect of all the business items to be transacted in the AGM. She also apprised the Meeting that the remote e-voting commenced on 23" August, 2021 (9:00 hours) and concluded on 25" August, 2021 (17:00 hours) and members, who did not cast their vote through remote e-voting, may cast their votes while the AGM is in progress.

The Auditors' Report to the shareholders on the Accounts of the Company for the year ended 31% March, 2021 was taken as read by Mr. K. Sreenivasan, Statutory Auditors.

Then the Chairman invited the member speakers for their questions.

The Company Secretary announced the names of speakers, who had enrolled their names, to express their views.

The members, turn by turn, expressed their views and sought additional clarifications on various matters concerning the business operations of the Company, capex plans, handling market competition etc.

The Chairman and the CFO provided clarifications to the satisfaction of members.

Members also provided their suggestions on various matters as regards domestic marketing, increasing market visibility, expanding Company's reach in other countries etc.

Members, expressed their overwhelming satisfaction and trust in the growth trajectory of the Company and also applauded the CSR efforts of the management.

Members, were also inquisitive about futuristic share price and maintainability of similar dividend in the ensuing years.

The Chairman, towards the conclusion, once again expressed his gratitude towards all the shareholders, directors and others for joining the Meeting. He, further authorised Mr. MB Suneel for completing the e voting process and the Company Secretary to conclude the Meeting. On behalf of the Board, he expressed his warm wishes for the well-being of everyone and wished to sign off from the Meeting.

The Company Secretary informed that all the e-voting process would be available for next 15 minutes for the members to exercise their vote. She, further informed that the voting results would be available within 48 hours from the conclusion of the meeting and displayed on the website of the Company, www.cciproducts.com and on the website of CDSL, www.evotingindia.com

Thereafter, the AGM was announced as concluded with the liberty to such members to cast their votes, who have not cast their votes till then.

The remaining members cast their votes and disbursed thereafter.

The Scrutinizer, Company Secretary and support personnel disbursed after ensuring the smooth conclusion of the Meeting at 4.30 P.M.

A summary of the Consolidated results of voting through remote e-voting and venue e voting conducted at the Meeting is annexed as Annexure I to the Minutes.

Entered in the Minutes Book on 22" September, 2021 at Hyderabad.

Sd/-

Challa Rajendra Prasad

Place: Hyderabad Chairman Date: 224 September, 2021

Annexure I

Summary of the consolidated results of voting conducted through remote e-voting facility and Venue e Voting conducted at 60' Annual General Meeting of the Company held on Thursday, August 26 2021

On the basis of the consolidated report of the Scrutinizer on total votes cast in favour / against the resolutions as set out in the Notice of 60 AGM, which was submitted to the Company by the Scrutinizer on August 27, 2021, the summary whereof is mentioned hereunder, the Company, on August 27, 2021, announced the results of voting, declaring that all the resolutions as set out in the Notice as aforesaid were duly passed by the Members with requisite majority and are recorded hereunder as part of the proceedings of 60% AGM of the Company.

	Annexure I Summary of the consolidated results of voting conducted through remote e-voting
Venue conducted Annual Meeting General and Voting 60' the facility at of e Company held on Thursday, August 26 2021
On the basis of the consolidated report of the Scrutinizer on total votes cast in favour / against the resolutions as set out in the Notice of 60 AGM, which was submitted to the Company by summary whereof mentioned August hereunder, 2021, Scrutinizer the the the on 27, is Company, announced August 2021, declaring voting, the results that the on 27, of all Members passed resolutions as aforesaid were Notice duly with out the by the set as in 60% AGM of the requisite majority and are recorded hereunder as part of the proceedings of Company.
	Res Brief particulars No. business transacted votes	of No.	of No. votes	of % votes of in in favour	No. votes in	of % of votes in
		cast (A)	favour (B)	(% of B/A) (C)	against	against (% of C/A)
dis	receive, To and adopt: audited the (a) standalone — Financial Statement the of Company for the year 2020-21 together with Report the the of Board of Directors and Auditors thereon; and audited the (b) consolidated Financial Statement the of Company for the year 2020-21	consider 94750008 94749991		99.99999	Le	0.00001
2.	confirm To (a) dividend interim of Equity Rs.2/- per Share of Rs.2/- each, declared by the Board Directors their of in meeting 20% held on 2020 for the October, 2020- year financial 21. declare To (b) final dividend of Rs.2/- per Equity Share of Rs.2/- each the to shareholders the for 2020- year financial 21.	the 94750008 94749871		99.9999	137	0.0001

appoint To a place Challa of Ms. in	director 94750003 88594665	93.5036	6155338	6.4964
Shantha Prasad (DIN 00746477), who retires by rotation and being offers eligible, herself re for appointment the to office of Director.
appoint To a place Mr. of K. K. in Sarma (DIN 06672873), who retires by rotation and being offers eligible, himself for re appointment the to office of Director.	director 94750003 88592377	93.5012	6157626	6.4988
Ratification of Remuneration to Cost Auditors	94750008 94745051	99.9948	4957	0.0052