Crown Lifters Limited — Proxy Solicitation & Information Statement 2022

Mar 31, 2022

NOTICE

Notice is hereby given that Extraordinary General Meeting of the shareholders of Crown Lifters Limited will be held on Thursday, 21st April, 2022 at 11:00 a.m. at the registered office of the Company at 104, Raheja Plaza Premises Co-Op Soc. Ltd., Shah Industrial Estate, Veera Desai Rd, Andheri [W], Mumbai - 400053, Maharashtra to transact the following business:

SPECIAL BUSINESS:

1. TO APPROVE INCREASE IN REMUNERATION OF MR. KARIM KAMRUDDIN JARIA, MANAGING DIRECTOR OF THE COMPANY AND MR. NIZAR NOORUDDIN RAJWANI, DIRECTOR & CFO OF THE COMPANY, ALONG WITH OTHER PERQUISITES AND IN THIS REGARD TO PASS WITH OR WITHOUT MODIFICATION THE FOLLOWING RESOLUTION AS SPECIAL RESOLUTION:

"RESOLVED THAT pursuant to the provisions of Section 197 read with schedule V of Companies Act, 2013 and other applicable provisions and rules of the Companies Act, 2013 (including any statutory modifications or re-enactment thereof for the time being in force) and Regulation 17(6)(e) of SEBI(LODR) Regulations, 2015, and on recommendation of Nomination Remuneration Committee and Board of Directors of the Company, consent of the members be and is hereby accorded, for payment of remuneration along with perquisites to Mr. Karim Kamruddin Jaria (DIN: 00200320). Managing Director of the company to the extent of Rs. 56,00,000 (Rs. Fifty Six Lakhs Only) per annum w.e.f 1st April, 2022 and to Mr. Nizar Nooruddin Rajwani (DIN: 03312143), Director & CFO of the company to the extent of Rs. 28,00,000 (Rs. Twenty Eight Lakhs Only) per annum w.e.f 1st April, 2022.

"RESOLVED FURTHER THAT perquisites to be given by Company to Mr. Karim Kamruddin Jaria, Managing Director and Mr. Nizar Nooruddin Rajwani, Director & CFO of the company shall include the following:

Perquisites like rent free accommodation, chauffer driven car, mobile, laptop, credit card, club membership etc.

"RESOLVED FURTHER THAT Board of the company be and is hereby authorized to do all the necessary acts, deeds or things required to give effect to the aforesaid resolution including intimation on the NSE Emerge Platform and other authorities regarding increase in remuneration of Mr. Karim Kamruddin Jaria (DIN: 00200320), Managing Director of the Company and Mr. Nizar Nooruddin Rajwani (DIN: 03312143), Director & CFO of the Company along with other perquisites."

2. TO APPOINT M/S. SHIV PAWAN & COMPANY, CHARTERED ACCOUNTANTS (FRN: 120121W) AS STATUTORY AUDITOR OF THE COMPANY AND IN THIS REGARD TO PASS WITH OR WITHOUT MODIFICATION THE FOLLOWING RESOLUTION AS ORDINARY RESOLUTION:

"RESOLVED THAT pursuant to the provisions of Section 139(8) and other applicable provisions, if any, of the Companies Act, 2013 and rules framed thereunder, as amended from time to time and pursuant to recommendation made by the Board of Directors at their meeting held on 7^th December, 2021, M/s. Shiv Pawan & Company., Chartered Accountants (FRN: 120121W) be and are hereby appointed as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s. Vinod Rana & Co., Chartered Accountants (FRN: 111521W).

CROWN LIFTERS LIMITED

"RESOLVED FURTHER THAT M/s. Shiv Pawan & Company., Chartered Accountants (FRN: 120121W) be and are hereby appointed as Statutory Auditors of the company from this Extraordinary General Meeting and that they shall hold the office of statutory auditors of the company from the conclusion of this Extraordinary General Meeting until the conclusion of next Annual General Meeting of the Company, and that the Board of Directors of the Company be and is hereby authorize to fix their remuneration for the said period and reimbursement of actual out of pocket expenses, as may be incurred in the performance of their duties."

Regd. Office:

104, Raheja Plaza Premises Co-Op Soc. Ltd., Shah Industrial Estate, Veera Desai Road, Andheri [W], Mumbai - 400053, Maharashtra

$w$

By Order of the Board

For, Crown Lifters Limited

Date: 31/03/2022 Place: Mumbai

KARIM K. JARIA MANAGING DIRECTOR DIN: 00200320

NIZAR N. RAJWANI DIRECTOR & CFO DIN: 03312143

CROWN LIFTERS LIMITED

NOTES:

1. PURSUANT TO SECTION 105 OF THE COMPANIES ACT, 2013 AND THE RULES MADE THEREUNDER, A MEMBER ENTITLED TO ATTEND AND VOTE AT THE EXTRA-ORDINARY GENERAL MEETING IS ENTITLED TO APPOINT ONE OR MORE PROXIES TO ATTEND AND, ON A POLL, VOTE INSTEAD OF HIMSELF/HERSELF, SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY. A person can act as proxy on behalf of members not exceeding 50 [fifty] and holding in aggregate not more than ten (10) per cent of the total share capital of the Company. In case proxies proposed to be appointed by a Member holding more than ten (10) percent of the total share capital of the Company carrying voting rights, then such proxy shall not act as a proxy for any such other person or shareholder.

The instrument of Proxy in order to be effective, should be deposited at the registered office of the company, duly completed and signed, not less than 48 hours before the commencement of the meeting i.e. by 11.00 a.m. on Tuesday, 19^th April, 2022. A Proxy form is sent herewith. Proxy form submitted on behalf of the Companies, Societies, etc. must be supported by an appropriate resolution / authority, as applicable.

• 1. Relevant documents referred to in the accompanying notice are open for inspection by the members at the registered office of the company on all working days during office hours.
• 1. Every shareholder entitled to vote at a meeting of the company or any resolution to be moved thereat, shall be entitled during the period beginning twenty-four hours prior the time fixed for the commencement of meeting and ending with the conclusion of the meeting, to inspect the proxies lodged at any time during the business hours of the Company, provided that the notice regarding the same should be submitted in writing three days before the meeting date. mentioning the intention to inspect the proxies of the Company.
• 1. Members are requested to contact Registrar and Transfer Agent (RTA) namely Bigshare Services Private Limited. 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (E), Mumbai-400059, Maharashtra, India for recording any change of address, bank mandate, ECS or nominations, for updation of email address and for redressal of complaints contact the Compliance Officer at the Registered Office of the company.
• 1. Members are requested to bring their client ID and DP ID numbers for easy identification of attendance at the meeting.
• 1. Members are requested to bring Notice of Extraordinary General Meeting at the meeting. Shareholders seeking any information with regard to account are requested to write to the company early so as to enable the management to keep the information ready.

CROWN LIFTERS LIMITED

• 1. Members / Proxies are requested to bring with them the attendance slip duly filled in and hand it over at the entrance.
• 1. Pursuant to Section 101 and Section 136 of the Companies Act, 2013 read with relevant rules made there under, Companies can serve Notice of Extraordinary General Meeting and other communications through electronic mode to those Members who have registered their e-mail address either with the Company or with the Depository. Members who have not registered their e-mail addresses so far are requested to register their e-mail address so that they can receive the Annual Report and other communication from the company electronically. Members are requested to register their e-mail address with their Depository Participant(s) only. Members of the company, who have registered their e-mail address, are entitled to receive such communication in physical form upon request.
• 1. Shareholders are informed that voting shall be done by the means of polling paper/e-voting. The company will make the arrangements of polling papers/e-voting in this regard at the meeting's venue.
• $10.$ The Board of Directors of the company has appointed Mr. Ronak D Doshi, Proprietor of M/s. Ronak Doshi & Associates, Practicing Company Secretary, Ahmedabad as scrutinizer, for conducting the poll paper voting process in a fair and transparent manner.
• 1. The Scrutinizer shall after the completion of the voting, count the votes cast in favour or against and mention them in his report to the chairman or a person authorized by him in writing who shall countersign the same and declare the result of voting forthwith. After declaration, the voting result will be declared on the Company's website: www.crownlifters.com besides communicating the same to CDSL and Bigshare Services Private Limited, Registrar and Share Transfer Agents on the said date and also to National Stock Exchange, SME Emerge Platform where the shares of the Company are listed.
• 1. Shareholders may note that the notice of the meeting has been placed on the Company's website: www.crownlifters.com.
• 1. In case of joint holding, the Voting Poll Paper Form must be completed and signed (as per the specimen signature registered with the Company) by the first named shareholder and in his/her absence, by the next named shareholder.
• 1. Unsigned or incomplete and improperly or incorrectly ticked Voting Poll Papers shall be rejected. $\bullet$
• The SEBI has mandated the submission of Permanent Account Number (PAN) by every 16. participant in the securities market. Members are therefore requested to submit their PAN to their Depository Participants (DP).
• 1. The Register of Members and the Share Transfer Books of the company will remain closed from Thursday, 14^th day of April, 2022 to Thursday, 21^st day of April, 2022 (both days inclusive).

CROWN LIFTERS LIMITED

18. Voting through Electronic Means:

• 1. Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs dated April 08, 2020, April 13, 2020 and May 05, 2020 the Company is providing facility of remote e-Voting to its Members in respect of the business to be transacted at the EGM. For this purpose, the Company has entered into an agreement with National Securities Depository Limited (NSDL) for facilitating voting through electronic means, as the authorized agency. The facility of casting votes by a member using remote e-Voting system-as well as venue voting on the date of the EGM will be provided by NSDL.
• 1. In line with the Ministry of Corporate Affairs (MCA) Circular No. 17/2020 dated April13, 2020, the Notice calling the EGM has been uploaded on the website of the Company at www.crownlifters.com. The Notice can also be accessed from the websites of the Stock Exchange i.e. National Stock Exchange of India Limited at www.nseindia.com respectively and the EGM Notice is also available on the website of NSDL (agency for providing the Remote e-Voting facility) i.e.www.evoting.nsdl.com.

• The instructions for members for remote e-voting and joining general meeting are as under:-The remote e-voting period begins on Sunday, 17^th April, 2022 at 9:00 A.M. and ends on Wednesday, 20^th April, 2022 at 5:00 P.M. The remote e-voting module shall be disabled by NSDL for voting thereafter. The Members, whose names appear in the Register of Members / Beneficial Owners as on the record date (cut-off date) i.e. Thursday, 14^th April, 2022 may cast their vote electronically. The voting right of shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date, being 14^th April, 2022.

How do I vote electronically using NSDL e-Voting system?

The way to vote electronically on NSDL e-Voting system are mentioned below:

Access to NSDL e-Voting system

A) Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility. Login method for Individual shareholders holding securities in demat mode is given below:

Type	of Login Method
shareholders

CROWN LIFTERS LIMITED

• 1. If you are already registered for NSDL IDeAS facility, please visit the e-Services website of NSDL. Open web browser by typing the following URL: https://eservices.nsdl.com/either on a Personal Computer or on a mobile. Once the home page of e-Services is launched, click on the "Beneficial Owner" icon under "Login" which is available under "IDeAS" section. A new screen will open. You will have to enter your User ID and Password. After successful authentication, you will be able to see e-Voting services. Click on "Access to e-Voting" under e-Voting services and you will be able to see e-Voting page. Click on options available against company name or e-Voting service provider = NSDL and you will be re-directed to NSDL e-Voting website for casting your vote during the remote e-Voting period or joining virtual meeting &-voting during the meeting.
• 1. If the user is not registered for IDeAS e-Services, option to register is available at https://eservices.nsdl.com. Select "Register Online for IDeAS"Portal or click athttps://eservices.nsdl.com/SecureWeb/IdeasDirectReg.isp
• $3.$ Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon "Login" which is available under 'Shareholder/Member' section. A new screen will open. You will have to enter your User ID (i.e. your sixteen digitdemat account number held with NSDL), Password/OTP and a Verification Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on options available against company name or e-Voting service provider - NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting.

CROWN LIFTERS LIMITED

104, Raheja Plaza, Shah Industrial Estate, Veera Desai Road, Andheri (W), Mumbai - 400053, India. Tel: +91 22 4006 2829 | Email: deals@crownlifters.com | www.crownlifters.com CIN: L74210MH2002PLC138439

Individual Shareholders holding securities in demat mode with NSDL:

Individual Shareholders holding securities in demat mode with CDSL	1. Existing users who have opted for Easi / Easiest, they can login through their user id and password. Option will be made available to reach e-Voting page without any further authentication. The URL for users to login to Easi / Easiest https://web.cdslindia.com/myeasi/home/login are or www.cdslindia.com and click on New System Myeasi. 2. After successful login of Easi/Easiest the user will be also able to see the E Voting Menu. The Menu will have links of e-Voting service provider i.e. NSDL. Click on NSDL to cast your vote. 3. If the user is not registered for Easi/Easiest, option to register is available at https://web.cdslindia.com/myeasi/Registration/EasiRegistra tion 4. Alternatively, the user can directly access e-Voting page by providing demat Account Number and PAN No. from a link www.cdslindia.com home page. The system will in authenticate the user by sending OTP on registered Mobile & Email as recorded in the demat Account. After successful authentication, user will be provided links for the respective ESP i.e. NSDL where the e-Voting is in progress.
Individual	You can also login using the login credentials of your demat account
Shareholders	through your Depository Participant registered with NSDL/CDSL for
(holding securities in	e-Voting facility. Once login, you will be able to see e-Voting
demat mode) login	option. Once you click on e-Voting option, you will be redirected to
through their	NSDL/CDSL Depository site after successful authentication, wherein
depository	you can see e-Voting feature. Click on options available against
participants	company name or e-Voting service provider-NSDL and you will be
	redirected to e-Voting website of NSDL for casting your vote during
	the remote e-Voting period or joining virtual meeting & voting
	during the meeting.

Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at above mentioned website.

CROWN LIFTERS LIMITED

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

Login type	Helpdesk details
Individual Shareholders holding securities in demat mode with NSDL	Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.co.in or call at toll free no.: 1800 1020 990 and 1800 22 44 30
Individual Shareholders holding securities in demat mode with CDSL $\tilde{\mathbf{x}}$	Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at 022= 23058738 or 022-23058542-43

CROWN LIFTERS LIMITED

B) Login Method for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to Log-in to NSDL e-Voting website?

• 1. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/either on a Personal Computer or on a mobile.
• 1. Once the home page of e-Voting system is launched, click on the icon "Login" which is available under 'Shareholder/Member' section.
• 1. A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen. Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.

• Your User ID details are given below :

Manner of holding shares i.e. Demat Your User ID is: (NSDL or CDSL) or Physical
a) For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID
	For example if your DP ID is IN300 and Client ID is 12 then your user ID is IN30012*
b) For Members who hold shares in demat account with CDSL.	16 Digit Beneficiary ID For example if your Beneficiary ID is 12 ** then your user ID is 17 **

CROWN LIFTERS LIMITED

Physical Form.				c) For Members holding shares in EVEN Number followed by Folio Number registered with the company
				For example if folio number is 001*** and EVEN is 101456 then user ID is 101456001 ***

• 1. Password details for shareholders other than Individual shareholders are given below:
• a) If you are already registered for e-Voting, then you can user your existing password to login and cast your vote.
• b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the 'initial password' which was communicated to you. Once you retrieve your 'initial password', you need to enter the 'initial password' and the system will force you to change your password.
• c) How to retrieve your 'initial password'?
  • $(i)$ If your email ID is registered in your demat account or with the company, your 'initial password' is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your 'User ID' and your 'initial password'.
  • $(ii)$ If your email ID is not registered, please follow steps mentioned below in process for those shareholders whose email ids are not registered
• 1. If you are unable to retrieve or have not received the "lnitial password" or have forgotten your password:
• a) Click on "Forgot User Details/Password?"(If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.
• b) Physical User Reset Password?" (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.
• c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.co.in mentioning your demat account number/folio number, your PAN, your name and your registered address etc.
• d) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.

CROWN LIFTERS LIMITED

• 1. After entering your password, tick on Agree to "Terms and Conditions" by selecting on the check box.
• 1. Now, you will have to click on "Login" button.
• 1. After you click on the "Login" button, Home page of e-Voting will open.

General Guidelines for shareholders

• 1. institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to csronakdoshi@yahoo.com with a copy marked to evoting@nsdl.co.in.
• 1. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the "Forgot User Details/Password?" or "Physical User Reset Password?" option available on www.evoting.nsdl.com to reset the password.
• 1. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call on toll free no.: 1800 1020 990 and 1800 22 44 30 or send a request to Sarita Sangishetti at evoting@nsdl.co.in

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of e mail ids for e-voting for the resolutions set out in this notice:

• 1. In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) by email to cs.cll@crownlifters.com(Company email id).
• 1. In case shares are held in demat mode, please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self
• attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) to $\bullet$ cs.cll@crownlifters.com. If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) i.e. Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode.
• 1. Alternatively shareholder/members may send a request to evoting@nsdl.co.in for procuring user id and password for e-voting by providing above mentioned documents.

CROWN LIFTERS LIMITED

1. In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

Regd. Office:

104, Raheja Plaza Premises Co-Op Soc. Ltd., Shah Industrial Estate, Veera Desai Road, Andheri [W], Mumbai - 400053, Maharashtra

By Order of the Board For, Crown Lifters Limited

MUMBA

KARIM K. JARIA MANAGING DIRECTOR DIN: 00200320

NIZAR N. RAJWANI DIRECTOR & CFO DIN: 03312143

Date: 31/03/2022 Place: Mumbai

CROWN LIFTERS LIMITED

EXPLANATORY STATEMENTS PURSUANT TO SECTION 102[1] OF THE COMPANIES ACT, 2013

The following statements set out all material facts relating to Special Businesses mentioned in the accompanying Notice:

ITEM NO. 1: TO APPROVE INCREASE IN REMUNERATION OF MR. KARIM KAMRUDDIN JARIA, MANAGING DIRECTOR OF THE COMPANY AND MR. NIZAR NOORUDDIN RAJWANI, DIRECTOR & CFO OF THE COMPANY, ALONG WITH OTHER PERQUISITES:

As per Section 197 and other applicable provisions of the Companies Act, 2013, the total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its manager in respect of any financial year shall not exceed eleven per cent of the net profits of that company for that financial year computed in the manner laid down in section 198 except that the remuneration of the directors shall not be deducted from the gross profits. The remuneration payable to any one managing director or whole-time director or manager shall not exceed 5% of the net profits of the Company and if there is more than one such director remuneration shall not exceed 10% of the net profits to all such directors and manager taken together. Provided that the company in general meeting may, authorise the payment of remuneration exceeding eleven per cent of the net profits of the company, subject to the provisions of Schedule V.

Based on the recommendation of the Nomination and Remuneration Committee, the Board has agreed to reward the senior management personnel of the Company who have exceptionally contributed to the growth of the Company. Thus, to reward the senior management personnel for their association and performance as well as to motivate them to contribute to the growth and profitability of the Company it is agreed by Board of Directors to hike remuneration payable and perquisites of Mr. Karim Kamruddin Jaria, Managing Director of the Company and Mr. Nizar Nooruddin Rajwani, Director & CFO of the Company. Board of Directors of the Company approved increment in the remuneration payable and other perquisites to Mr. Karim Kamruddin Jaria, Managing Director of the Company and Mr. Nizar Nooruddin Rajwani, Director & CFO of the Company by passing resolution in their meeting held on 24^th March, 2022.

Remuneration payable and other perquisites to Mr. Karim Kamruddin Jaria, Managing Director of the Company and Mr. Nizar Nooruddin Rajwani, Director & CFO of the Company for the financial year 2022-23 may exceed the prescribed limit of 5% and 11% as specified under Section 197 of the Companies Act, 2013. In accordance with the applicable provisions of the Companies Act, 2013, approval of members is being sought, by way of special resolution.

It is recommended that the resolution be passed as Special resolution. Mr. Karim Jaria and Mr. Nizar Rajwani are interested directors in the aforesaid resolution.

CROWN LIFTERS LIMITED

ITEM NO. 2: TO APPOINT M/S. SHIV PAWAN & COMPANY, CHARTERED ACCOUNTANTS (FRN: 120121W) AS STATUTORY AUDITOR OF THE COMPANY AND IN THIS REGARD TO PASS WITH OR WITHOUT MODIFICATION THE FOLLOWING RESOLUTION AS ORDINARY RESOLUTION:

M/s. Vinod Rana & Co., Chartered Accountants (FRN: 111521W), vide its letter dated 08/11/2021. have tendered their resignation from the position of the Statutory Auditors of the Company due to our inability to execute work undertaken due to age factor and health issues, we hereby tender herewith our resignation as Statutory Auditor of the Company, resulting into a casual vacancy in the office of Statutory Auditors of the Company as envisaged by Section 139(8) of the Companies Act, 2013. Casual vacancy caused by the resignation of auditor can be filled by the shareholders in General Meeting within three months from the date of recommendation of the Board of Directors of the Company. The Board of Directors of the Company recommended at its meeting held on 24th March, 2022 that M/s. Shiv Pawan & Company, Chartered Accountants (FRN: 120121W), be appointed as the Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s. Vinod Rana & Co., Chartered Accountants.

M/s. Shiv Pawan & Company, Chartered Accountants (FRN: 120121W), have conveyed their consent to be appointed as the Statutory Auditors of the Company along with a confirmation that, their appointment, if made by the members, would be within the limits prescribed under the Companies Act, 2013.

Accordingly, Ordinary Resolution is submitted to the meeting for the consideration and approval of members.

Directors of the Company are not interested in the aforesaid resolution.

Regd. Office: 104, Raheja Plaza Premises Co-Op Soc. Ltd., Shah Industrial Estate, Veera Desai Road, Andheri [W], Mumbai - 400053, Maharashtra

By Order of the Board For, Crown Lifters Limited

NIZAR N. RAJWANI

DIRECTOR & CFO

DIN: 03312143

KARIM K. JARIA MANAGING DIRECTOR DIN: 00200320

Date: 31/03/2022 Place: Mumbai

CROWN LIFTERS LIMITED

FORM NO. MGT-11

PROXY FORM

EXTRAORDINARY GENERAL MEETING

[Pursuant to section 105(6) of the Companies Act, 2013 and Rule 19 of Companies (Management and Administration) Rules, 2014]

Name of Shareholder(s):
Registered Address:
E-mail ID (IF ANY):
Folio No. /DP ID Client No.
hereby appoint:	I/We, being the shareholder(s) of CROWN LIFTERS LIMITED holding _______(No. of shares),
1. Name: 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Address: Addres
Andria de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la contenenta de la con	E-mail ID: _____
Signature
2. Name: the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the c Address: _____
E-mail ID:	_or failing him 1950 - Jacob Carl Maria III, mart

CROWN LIFTERS LIMITED

As my/our proxy to attend and vote (on a Poll) for me/us and on my/our behalf at the Extraordinary General Meeting of the Company, to be held on Thursday, 21st April, 2022 at 11:00 a.m. at registered office of the Company at 104, Raheja Plaza Premises Co-Op Soc. Ltd., Shah Industrial Estate, Veera Desai Rd, Andheri [W], Mumbai - 400053, Maharashtra and at any adjournment thereof in respect of such resolutions as are indicated below:

Sr.No	RESOLUTIONS		OPTIONAL
	Special Resolution	For	Against
1.	Approval of increase in remuneration of Mr. Karim Kamruddin Jaria, Managing Director of the Company and Mr. Nizar Nooruddin Rajwani, Director & CFO of the Company, along with other perquisites
	Ordinary Resolution
2.	Appointment of M/S. Shiv Pawan & Company, Chartered Accountants (FRN: 120121W) as Statutory Auditor of the Company

Affix Revenue Stamp of One Rupee

Signed this day of 2022

Signature of Shareholder

Signature of First Proxy Holder

Signature of Second Proxy Holder

Notes:

1. This form in order to be effective must be duly stamped, completed and signed and must be deposited at the Registered Office of the Company, not later than 48 hours before the commencement of the meeting.

2. Please put a (X) in the appropriate column against the resolutions indicated in the Box. If you leave the 'For' or 'Against' column blank against any or all the resolutions, your Proxy will be entitled to vote in the manner as he/she thinks appropriate.

3. The proxy need not to be the member of the Company.

4. All alterations made in the form of proxy should be initialed.

CROWN LIFTERS LIMITED

ATTENDANCE SLIP EXTRAORDINARY GENERAL MEETING TO BE HELD ON THURSDAY, 21st APRIL, 2022 AT 11.00 A.M.

Sr. No.:

Reg. Folio/ DP ID & Client ID
Name & Address of the Member
Name(s) of Joint holder(s)
No. of Share(s) held
Name of Proxy holder

I/ We hereby record my/ our presence at the EXTRA-ORDINARY GENERAL MEETING ("EGM") of the Members of the Company being held on Thursday, April 21, 2022, at 11.00 a.m. at registered office of the Company at 104, Raheja Plaza Premises Co-Op Soc. Ltd., Shah Industrial Estate, Veera Desai Rd, Andheri [W], Mumbai - 400053, Maharashtra.

Signature of the Shareholder/ Proxy Present

Shareholder/Proxy holder wishing to attend the meeting must bring the duly signed Attendance Slip to the meeting and handover at the entrance.

CROWN LIFTERS LIMITED

ROUTE MAP

FOR THE VENUE OF EXTRAORDINARY GENERAL MEETING TO BE HELD ON THURSDAY, 21ST APRIL, 2022 AT 11.00 A.M. AT 104, RAHEJA PLAZA PREMISES CO-OP SOC. LTD., SHAH INDUSTRIAL ESTATE, VEERA DESAI RD, ANDHERI [W], MUMBAI - 400053, MAHARASHTRA

CROWN LIFTERS LIMITED