Cranes Software International Ltd. — AGM Information 2019

Oct 24, 2019

«Cranes Software International Limited

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Correspondence Address:

82, Presidency Building, 3° & 4" Floor, Hes St. Marks Road, Bengaluru - 560 001, Karnataka

Ph: +91 80 6764 4800/4848 Fax: +91 80 6764 4888 Email: training@cranessoftware.com

4" October, 2019

To,

The Manager Department of Corporate Services Bombay Stock Exchange Ltd., P J Towers, Dalal Street Mumbai — 400 001

Dear Sir,

Sub: Minutes of the 34 Annual General Meeting Ref: Company No 512093

Please find enclosed a copy of the Minutes of the 34 Annual General Meeting of the Company held on the 30" of September, 2019, at Bangalore.

Kindly take record of the same.

Thanking you,

Yours faithfully,

For Cranes Software International Ltd.

de

Authorised Signatory

Name: P. Phaneendra Designation: Company Secretary

Encl: As above

www.cranesvarsity.com

ISO 9001:2000 ISO 27001:2005 CMMI L5 V1.2

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CRANES SOFTWARE INTERNATIONAL LIMITED CIN : LO5190KA1984PLC031621

Minutes of the proceedings of the Thirty Fourth Annual General Meeting of the Shareholders of Cranes Software International Limited, held on Monday, the 3t)"I of September, 2019 at 11.00 AM at the Oleander hall, Iris Hotel, # 70, Brigade Road, Bangalore-560025.

Present:

Mr.AsifKhader - Managing Director Mr. Mueed Khader - Director Mr. Richard Holden Gall - Director Smt. Begum Akthar - Director

lnvitees:

Mr. P Phaneendra - Company Secretary - Mr.TimmayyaHegde StatutoryAuditor

1. Members Present:

There were 64 members present at this Annual General Meeting of the Shareholders.

2. Chairman’s Welcome:

With consentfromthe shareholders,Mr. Asif Khader,chairedthe meeting.Mr. AsifKhader,extended a warmwelcometothe shareholdersofthe Company and afterascertainingthe presenceofquorum,»calledthe meetingto order.He spoke briefly about the operationalchallengesbeing faced by the Company, the Company'sperformanceforthe year underreportand outlookforthefuture.

3. Notice:

The Noticeconveningthe Thirty Fourth Annual General Meeting and auditor’s report were read, with the consent of the shareholders,by the Company Secretary,Mr. P Phaneendra.

4. Proceedings at the meeting:

The Chairman drew the attention of the members to the business on the agenda for the meeting and requested the members who had not yet cast their votes via the e-voting portal, to cast their votes for each of the proposed resolutions in the ballot box provided. He also introducedthe members to Mr. K Srinivasan, PracticingCompany Secretary, who had been appointed as Scrutinizer,to oversee. the voting process and coordinate with the authorized/appointed agenciesand who wouldsubmitthe scrutinyreportin the prescribedform.Then the ballotvotingprocesswas completed.

The followingresolutions[proposedweredeclaredas passed,aftersubmissionof] the scrutinizer’sreport[dated1StOctober.2019, whichisattachedherewith.]

Ordinary Business:

Adoption of Audited financials[—] [Standalone][&][Consolidated][31‘t][March,] [“] 2019:

Resolution# 1 of Notice[—Ordinary resolution:]

“Resolvedthat the Auditedfinancials[(standaloneand consolidated)for the year] ended 31St March, 2019,[with][the][notes][to][accounts,][schedules][and][significant] accountingpolicies,the reportsof[the directorsand auditorsthereonbe and are] herebyadopted.”

Re-appointment of Director

Resolution# 2 of Notice — [Ordinary resolution:]

“RESOLVED THAT pursuant[to][the][provisionsof][Section][152][and][other] applicableprovisionsof the[CompaniesAct,][2013,][Mr.][Mueed][Khader][ (DIN:] 00106674), who retiresby rotation[at thismeetingbe and is herebyappointedas] a Directorofthe[Company,] [ liableto retirebyrotation."]

Special Business:

Approval for related party[transactions:] Resolution # 3 of Notice — [Ordinary resolution:]

“RESOLVED THAT pursuant to the provisions of Section 188 and other applicableprovisions,if[any,] [ of the CompaniesAct, 2013][readwithrulesframed] thereunder(includingany[statutorymodification(s)or][reenactmentsthereoffor] the time being in force)[and][the][provisions of][Securities][and][Exchange][Board][of] India (Listing Obligations[and][Disclosure][Requirements)] Regulations,<2015(as amendedfromtimeto time),[consentofthe shareholdersofthe][ Company] [ be and] is hereby accordedto[the][Company,] [for][entering into followingrelated party] transaction(s) with various[parties][to][the][extent][of][the][maximum][amounts][in][the] financial year, stated[against respectivenature][of][transactionsas][provided] below:

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RESOLVED FURTHER[THAT][the][Board of][Directorsof][the][Company] [(the] ”Board",whichterm[shall] [be deemedto includeits“Committeeof Directors"),be] and is hereby[authorizedto do orcauseto be doneall suchacts,matters,deeds] and thingsand[to settleany questions,difficultiesor doubtsthat][ may] [ arisewith] regardto any [transactionswith related partiesand][execute such agreements,] documentsand[writingsand][to][make][such filings,][ as][may] [be][necessaryor] desirableforthe[purposeofgivingeffecttothisresolution."]

Re-appointment of[Independent Director:]

Resolution # 4 of Notice[—Special][resolution:]

“RESOLVED THAT[pursuanttothe provisionsof Sections149 and 152 readwith] Schedule‘lV and[other][applicable][provisions,][if][any,] [of][the][Companies][Act,][2013] andthe Companies[(AppointmentandQualificationof Directors)Rules,2014 and][of India(Listing] the applicable[provisionsof the Securitiesand Exchange][Board] Obligations and[Disclosure Requirements)Regulations, 2015,][Mr.][Richard] Holden Gall (DIN: [00906340), whowas appointed][as] [ an IndependentDirectorfor] a term of five(5)[consecutive][years][from][September][29,][2014][to][September][28,] 2019, being eligible,[be][and][is][hereby][re-appointed] as a Non - [Executive] IndependentDirector[of the][ Company,] [ notliableto retireby rotationand to hold] a second[term][of][five(5) consecutiveyears i.e.][from September29,] officefor 2019 up to[September][28,][2024."]

Results of Voting:

The resultsof[voting,as][per scrutinizersreport,dated][1StOctober,2019][were] recorded. It was [noted that][all] [resolutionsproposedbefore the][AGM,][were] adopted.The[scrutinizersreportis attachedtothisminutes.]

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10. Register of directors’ [shareholdings:]
The Chairman invited [the attentionof] [member] [-] [shareholdersto the Registerof]
directors'shareholdingswhich [was keptopenforinspection,duringthe meeting.] [1]
11. Vote of thanks:
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There being no other [business,the] [meetingconcludedwith a] [vote of] [thanks]
proposed to the chair. e,
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Place: Bangalore an
Date:4thOctober,2019
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CHAIRMAN'S
INITIALS
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CS K Srinivasan
Company Secretary
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Form MGT -13

SCRUTINIZER’S REPORT FOR E-VOTING

Pursuant to section 109 of the Companies Act, 2013 and[Rule][21(2)][of the][Companies][(Management][and] Administration) Rule, 2014

To.

The Chairman of the 34'“ Annual General[Meeting][of] Cranes Software International Limited

Regd. Off: # 82, Presidency Building, 3rd & 4th[Floor,] [St.][ Marks“] [Road.] Bengaluru - 560 001. Bangalore - 560 029

Dear Sir.

Sub.: 34‘“ Annual General Meeting held[on][Monday,] [the][30‘"September][2019][at][11:00 AM]

[Section108] Combined Report E-Votingand[Pollon passingof resolutionsthrough Electronicmeans under the] of the CompaniesAct, 2013 read with[the Companies(Management and Administration) Rule, 2014][.]

l, CS Srinivasan K, a Practising[Company] [Secretary, PCS][10957][having office at][No.][C2.][Malnad] [Castle,] KaggadasapuraMain Road, Bangalore [-] [560][093,][India,] [have been appointedas] [a] [Scrutinizerby the][Board] [of] Directorsof M/s. Cranes Software[International][Limited.][L05190KA1984PLC031621][(the][“Company")] [for e-] votingheld between27‘hSeptember,2019[to][29""September,2019,][and at the Annual][General][Meeting][on the] below mentionedresolution(s).set[out in the][Noticeconveningthe 34'"][Annual] [General][Meeting][of the][Equity] Shareholders,held at 11.00 AM on Monday, the 30‘" September[2019][at][11:00][AM][at][Oleander][Hall,][Iris] Hotel, #70, Brigade Road, Bangalore - [560 025.]

Responsibility of the Management[of the][Company]

The Managementof the Company is[responsibleto ensure compliancewith the requirementsof the Companies] Act, 2013 and the rules made thereunder[in relationto][exercisingof votingrightsthroughelectronicmeans in] relationto resolutionsproposedto be[passedat the ensuing][AnnuaI] [ Generalmeetingof the][ Company.]

Responsibility as a Scrutinizer

My responsibilityas a Scrutinizerfor[the e-votingprocessis restrictedto make] [ a] [Scrutinizer'sreportof the votes] casted”in favour" or “against"the resolution(s)[set out in the noticeconveningthe][ Annual] [General Meeting,based] on the reportsgenerated from the[e-votingsystem providedby the][Central][Securities][Depository][Services] (India) Limited (“CDSL”). the authorized[agency engaged by the][ Company] [for][ providing] [e-votingfacilitiesto][its] shareholders.

In respectof the e-voting, | [submitas follow:]

1. On completionof E-Poll bythe members[of the][ Company,] [M/s. IntegratedRegistryManagementServices] Pvt. Ltd (Registrar and Transfer Agents of[the][Company)] [No.][30,][Ramana] [Residency, 4th][Cross,] Sampige Road, Malleswaram,Bangalore[—560003][provideduswiththe votingresults.]

2. The voteswere reconciledwith the records[maintainedby the][ Company/] [Registrarand TransferAgents] of the Company and the authorizations / proxies[lodgedwiththe Company.]

• C2, Malnad Castle, Next to SBI, KaggadasapuraMain Road, C V Raman[Nagar,] [Bangalore-][560 093] Ph: 9845260499; Mail: [ksrinivasan.cs@gmail.com] A

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CS K Srinivasan Company Secretary

1. The votes, which were incomplete and/or which were otherwise found[defective][have][been][treated][as] invalidand kept separately.

2. l have rendered the Scrutinizers Report separately on the remote[e—votingand][by][using][ballots][at][the] meeting, I hereby submit consolidated Scrutinizer’s Report[pursuantto][Rule][20(4)] [(xii)][of][the][Companies] (ManagementandAdministration)Rule, 2014 on all 4 Resolutionscontainedin[the Noticeconvening] the AGM.

3. The combined votingand result of the Poll is as under:

ORDINARY BUSINESS

Resolution No. 1 -

Adoption of Accounts:

(i) The audited standalone financial statements of the Company for the financial year ended 31st March, 2019, the reports of the Board and auditors’ thereon;

(ii) The audited consolidated financial statements of the Company for the financial year ended 31st March, 2019, the reports of the Board and auditors’ thereon;

(i) Voted in favour of the resolution: Number of Number of Number of Number of votes Total Number of votes % of total members votes cast by members cast by them in cast by them in E- numberofvalid voted in E- them in E- voted in Poll Poll voting and Poll votes cast voting voting 10 63902 43 2282972 2346874 100.00 (ii) Voted against the resolution: Number of Number of Number of Number of votes Total Number of votes % of total members votes cast by members cast by them in castbythemin E-voting numberofvalid voted in E- them in E- voted in Poll Poll and Poll votes cast voting voting 0 0 0 0 0 0 (iii) Invalid votes: Number of Number of Number of Number of votes Total Number of votes % of total members votes cast by members cast by them in cast by them in E-voting numberofvalid voted in E- them in E- voted in Poll Poll and Poll votes cast voting voting 0 0 0 0 0 0

C2, Malnad Castle, Next to SBI. Kaggadasapura Main Road, C V Raman Nagar, Bangalore- 560 093 Ph: 9845260499; Mail: ksrinivasan.cs@gmail.com

CS K Srinivasan Company Secretary

Resolution No. 2 - Director appointment:

To appoint Mr.Mueed Khader[(Din: 00106674), who retires][ by] [rotation as a][director.]

To appoint	Mr.Mueed Khader(Din: 00106674), who	Mr.Mueed Khader(Din: 00106674), who	Mr.Mueed Khader(Din: 00106674), who	retiresby r	otation as a director.
(i)	Voted in favour of the resolution:				W ,7 _#‘7	£2,723,		-_
?Ningbeirfrbrt‘imnibetf—JTTMbeiriiibfrV ' members votes cast by members			Nirnbet orfrviotes”Total Number of votes cast by them in cast by them in E-voting				°/o of nurhber	total of
votedin E-	1them in E- votedinPoll		Poll		andPoll		valid	votes
1voting 3voting 1o"—’f _"638077” 172’			2282972'		7. 7”,, WW, 2 Vi,“ 77 20462247 7,		East‘ff , 7335*?
(ii) Number of	Voted againstthe resolution: _7 __ A 1Number of; Number of?NiifrnbeTotri/rotersw TotalNbAmberwbti y ee						a ,7 % of	W7“ total
3members	1votes cast by " members		cast	by them in	cast by them in E-voting		nutnber	of
1votedin E-	jthem in E-‘votedinPoll		Poll		andPoll		vaiid	VOteS
‘ voting	voting ‘1				7 ‘		??St W,	A ,,
"’TT” "“"T’" o"“"5"" 0			"	0	' 7,, "3” W		_,7**,,,9 **	,7“
**(iii) **	Invalid votes:
**1Number of **	Number **ofTNumber_- **	**of **	rihitlirnbe’rrof @Kfotalvmberi **of votes **			% of		total
1members	votes cast by 5members		‘ cast by them in		castby them in E-voting	number		of
1voted in E-	them in E- ‘ votedinPoll		i Poll		andPoll	valid		votes
‘ voting f 0	voting 0 1		i ‘	, ., -, 7 7777 ,,,-, 1000” ’ T 1000		(f_m 7 f 0.04

SPECIAL BUSINESS

ResolutionNo. 3 -

Approval of Related Party transaction:

To accord consent of the shareholders of the Company be and is hereby accorded to the Company, for entering into various related party transaction(s) with various parties as per Ordinary Resolution placed before the Members

	**(i) **	Voted in favour of the resolution: , ,,, ,	Voted in favour of the resolution: , ,,, ,	7
! Number	of 1Number of FNumber of		‘ Numberof votesVTotal Number 6f yaes		_'75/5_776?	Wlea
members		I votes cast by 1]members	i cast by them in	cast by them in E-voting	number	of 1
voted in Lvoting y 9	E-	1them in E- i votedinPoll 1Poll ‘ voting ‘ i ‘ { 6:802 ; 7743777777 **2282972”7' **		andPoll "T 2321677?	valid votes cast T0600'
(ii		, Voted against the resolution:
f Number i members “voted in wine, ‘ 1	of Number of ' Edinberi 3t votes cast by members E- 1them in E- votedinPoll ,1wins, , 1 a ,, ‘ 100 0		VWrferEyoTesf TTataliNiufberiofiyotES cast by them in cast by them in E-voting 1Poll 1andPoll W 7077" #77 V 100 H 7		73/07 of‘V totalf 1number of valid votes cast '7 7 - MW

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C2, Malnad Castle, Next to SBI, Kaggadasapura Main Road, C V Raman Nagar, Bang‘a Ph: 9845260499; Mail: ksrinivasan.cs@gmail.com

CS K Srinivasan Company Secretary

’ .. ’ 11’

(iii')wwtny§tj§1_votes:_ Numberof Number of "N07065:[0t][0876667679683] TotalNumberofvotes,"78' bf "(6150' members votes cast by members cast by them in castby them in E—voting[numberofvalid] voted in E- them in E- votedin Poll Poll and Poll votescast voting voting ,.-,__0.___ No > o o ’ H 0* 0

Resolution No. 4 -

Appointment of Independent Director:

To re-appoint[Mr.Richard][Holden][Gall][(Din:00906340)] as an independent[director.]

(i) Votedjnjayetir 9f the resoltition:

Number of Number of Number of Numberofvotes Total Number of[votes] % of total members votes cast by members cast by them in cast by them in[E-voting] numberofvalid voted in E- them in E- voted in Poll Poll and Poll votes cast _voting voting . [:9'“ T 7773902 " 43 2282972 2286874 97.44 ,, (ii) Voted againstthe resolution: W’fi'e’r"7"fitfifi séf’ "‘37"Wtjmbé'r”' of Number of votes Total Ntimber of[votes] % of total members votes cast by members cast by them in cast by them in[E-voting] numberofvalid voted in E- them in E- voted in Poll Poll and Poll votes cast voting1 voting60000 ' 6" ' ’ ‘ 0' “ 60000 2.58 # " _ ” (iii) Invalid votes: Number of Number of Number # Act[NfifiubeFo'rvetes][i][Tetai][Ne'r‘nrber”0f]['iiéié’s’T54777.7‘rtbtali] members votes cast by members cast by them in cast by them in[E—voting][numberofvalid] voted in E- them in E- voted in Poll Poll and Poll votes cast voting voting 0 0 fl" 70w WW MV_70 _W m “7770 v7 _, 7 h Ada V

A soft copy of thelist[of equityshareholderswhovoted][“FOR",] [“AGAINST"andthosewhosevotesweredeclared][other] invalidfor each resolution[has been emailed to the authorizedrepresentativeof the Company.][ Poll] [ paper and] relevant records have[been][ duly] [handed over to the Company for safe keeping.]

Note: Resolutions No 1[to][3][stated above][are][passed][as][Ordinary][Resolution and][Resolution No][4][as][Special] Resolution.

Thanking you,

Yours faithfully, Pr bk Company Secretary ACS: 2 14 CP N 10957 Place: Bangalore Dated: 15'October 2019

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C2, MalnadCastle, Nextto SBI, KaggadasapuraMain Road, C V Raman Nagar, Bangalore- 560 093 Ph: 9845260499; Mail: ksrinivasan.cs@gmail.com