Chemfab Alkalis Ltd — AGM Information 2020

Jul 29, 2020

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REF: CHEMFAB/SEC/2020-21

July 29, 2020

The Manager, The Manager, Listing Department Listing Department The Bombay Stock Exchange Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, “Exchange Plaza” Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai- 400 001. Mumbai - 400 051. BSE – Security Code: 541269 NSE Symbol: CHEMFAB

Dear Sir/Madam,

Sub: Disclosure of events or information – 11[th] Annual General Meeting held on Wednesday, July 29, 2020

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose gist of proceedings of the 11[th] Annual General Meeting held on Wednesday, July 29, 2020.

Kindly take the above information on record.

Thanking You,

Yours Faithfully,

For Chemfab Alkalis Limited

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Dr. V. Rajesh Company Secretary

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Gist of proceedings of the 11[th] Annual General Meeting of Chemfab Alkalis Limited

A.Date, time and venue of the Annual General Meeting (Meeting):

The 11[th] Annual General Meeting of the Company was held on Wednesday, July 29, 2020 through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The Meeting commenced at 10.00 A.M (IST) and concluded at 11.00 A.M (IST).

B.Proceedings in brief:

• Mr. Suresh Krishnamurthi, Chairman & Director, chaired the Meeting.

• The requisite quorum being present, the Chairman called the Meeting to order.

• The Chairman informed that the Meeting was held through VC/ OAVM in compliance with the circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India. The Company had also provided live webcast of the proceedings of Meeting.

• The Chairman addressed the members. A copy of the Chairman’s Statement delivered to the stock exchanges separately is also available on the website of the Company.

• The Chairman informed that remote e-voting commenced at 9:00 a.m. on

• Sunday, July 26, 2020 and concluded at 5:00 p.m. on Tuesday, July 28, 2020.

• The following items of business as set out in the Notice convening the 11[th] Annual General Meeting were commended for members consideration and approval:

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Ordinary Business

1. Consideration and adoption of (a) the audited Standalone and Consolidated Financial statement of the Company for the financial year ended March 31, 2020 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2020 and the report of Auditors thereon.

2. Declaration of dividend on equity shares at the rate of Rs. 1.25 (One rupees and Twenty Five paise only) per equity share of Rs. 10/- (Ten rupees) each fully paid-up Equity shares for the Financial year ended March 31,2020.

3. Appointment of Mr.R.Mahendran (DIN: 07451058), a Director retiring by rotation.

SPECIAL BUSINESS

1. Ratification of the remuneration of the Cost Auditors for the financial year ending March 31, 2021.

2. Appointment of Mr. Nitin S Cowlagi, (DIN:06703283) as a Director.

3. Payment of Commission to Mr. Suresh Krishnamurthi Rao (DIN:00127809) Non-Executive Director of the Company.

4. Approval of Chemfab Alkalis Employees Stock Option Scheme 2020 (CAESOS-2020) and grant of Employees Stock Options to the Employees of the Company thereunder

5. Grant of Stock Options to the employees of the holding /subsidiary / associate company(ies) of the company under Chemfab Alkalis Employees Stock Option Scheme 2020.

6. Grant of Stock Options to the employees in excess of 1% of issued equity capital under Chemfab Alkalis Employees Stock Option Scheme 2020.

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• The Chairman also informed the members that Mr. Inbavadivu, Advocate in practice, was appointed as the scrutiniser to scrutinise the voting through electronic means (i.e. remote e-voting and voting at the meeting by using electronic system)

• The Chairman informed the members that the results of e-voting shall be disseminated to the stock exchanges and also uploaded on the website of the Company and Central Depository System Limited (CDSL), the authorized agency provided e-voting facility.

C.Voting by members:

• The Company had provided remote e-voting facility to its members to cast votes electronically on all 9 items of business set out in the Notice.

Notes:

• i. The Company will separately intimate the results of e-voting to the stock exchanges.

• ii. This document does not constitute minutes of the proceedings of the Annual General Meeting of the Company.

• iii. The dividend declared at the Meeting will be credited to the members on or before August 15, 2020 and physical warrants shall be despatched upon normalisation of postal services.

For Chemfab Alkalis Limited

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Dr. V. Rajesh Company Secretary

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