DCM Shriram Limited — AGM Information 2021

Jul 21, 2021

BSE Limited	National Stock Exchange of India Ltd.,
Phiroze JeeJeeBhoy Towers,	"Exchange Plaza",
Dalal Street,	th Floor, Plot No. C-1, G Block,5
Mumbai – 400 001	Bandra-Kurla Complex, Bandra (E)Mumbai: 400 051
SCRIP CODE: 523367	SCRIP CODE: DCMSHRIRAM

Kind Attn: Department of Corporate Communications/ Head Listing Department

Sub: Summary of proceedings of 32nd Annual General Meeting of the Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

Dear Sir/Madam,

Please find enclosed summary of proceedings of 32nd Annual General Meeting of the Company held on 20.7.2021 as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement), 2015

This is for your information and records.

Thanking You,

Yours Faithfully, For DCM Shriram Ltd. (Sameet Gambhir) Company Secretary SAMEET GAMBHIR Digitally signed by SAMEET GAMBHIR DN: c=IN, o=Personal, postalCode=122002, st=Haryana, 2.5.4.20=921ab8d2d6c2c04a42a6b4a 8e20a02c8ae1856eacb7247cf4e6313 b8375fe28e, serialNumber=ceb4fa0e04e7003f2f67 2a817d318d295c12051b4107f319e7 b9e03db38a4c42, cn=SAMEET GAMBHIR Date: 2021.07.21 10:16:02 +05'30'

Date: 21.7.2021

Summary of Proceedings of 32nd Annual General Meeting of DCM Shriram Ltd.

The 32nd Annual General Meeting ("AGM") of DCM Shriram Ltd. ("the Company") was held on 20th July, 2021 at 10:30 A.M. (IST) through Video Conferencing (''VC'')/Other Audio Visual Means (''OAVM'') in compliance with the applicable provisions of the Companies Act, 2013, the General Circular No. 14/2020 dated April 8, 2020, General Circular No. 17/2020 dated April 13, 2020, General Circular No. 20/2020 dated May 5, 2020, General Circular No. 02/2021 dated January 13, 2021 issued by the Ministry of Corporate Affairs ("MCA") and SEBI Circular dated January 15, 2021 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

The following directors were present and participated through VC/OAVM:-

	Sr. No. Name of Directors	Designation	Location
1.	Mr. Ajay S. Shriram	Chairman and Senior Managing Director	New Delhi
2.	Mr. Vikram S. Shriram	Vice-Chairman and Managing Director	New Delhi
3.	Mr. Ajit S. Shriram	Joint Managing Director	New Delhi
4.	Mr. K. K. Kaul	Whole time Director	Gurugram
5.	Mr. K. K. Sharma	Whole time Director – EHS	Noida
6.	Mr. Pradeep Dinodia	Non-Executive Independent Director	New Delhi
7.	Mr. Sunil Kant Munjal	Non-Executive Independent Director	New Delhi
8.	Mr. Vimal Bhandari	Non-Executive Independent Director	Mumbai
9.	Mrs. Ramni Nirula	Non-Executive Independent Director	New Delhi
10.	Justice (Retd.) Vikramajit Sen	Non-Executive Independent Director	New Delhi
11.	Mr. Pravesh Sharma	Non-Executive Independent Director	New Delhi
12.	Mrs. Sarita Garg	Nominee, LIC of India	Mumbai

In attendance:-

Mr. Sameet Gambhir – Company Secretary - connected from New Delhi

The following persons were also connected through the link provided to them:

1.	Mr. Amit Agarwal	Chief Financial Officer	New Delhi
2.	Mr. Harinderjit Singh	Partner - Price Waterhouse Chartered AccountantsLLP - Statutory Auditors	Gurugram
3.	Mr. Devesh Vasisht	Partner - M/s. Sanjay Grover & Associates, CompanySecretaries – Secretarial Auditors and Scrutinizer	New Delhi

Members Present:- Total 108 members attended AGM through video conferencing.

Mr. Ajay S. Shriram, Chairman, took the chair and conducted the proceedings of the meeting after ascertaining that the requisite quorum was present. The Chairman further informed the Members that the meeting is being held through video conferencing in accordance with the circulars and guidelines issued by MCA and SEBI. He introduced the members of the Board participating in the meeting.

The Chairman also informed and placed on record that all the efforts feasible under the current circumstances have been made by the Company to enable the members to participate and vote on the items being considered in this meeting.

The Chairman declared that the notice of the 32nd AGM, copies of audited financial statements for the year ended March 31, 2021, Board's and Auditor's report had been sent through electronic mode to those Members whose e-mail addresses had been registered with the Company or Depositories. Accordingly, the notice of the AGM was taken as read. The Chairman further informed that since there was no qualification or modification in the Statutory Auditors' report on the accounts, there was no need to read the same. It was also informed that the original documents including the Register of Director's shareholding, Register of contracts, copies of audited financial statements, etc., were available for inspection.

The Chairman then invited the shareholders to speak or ask questions. After the shareholders spoken and asked questions, those questions were then replied by the Chairman.

The Chairman announced that as per the provisions of the Companies Act, 2013 and rules frames thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

• the Company had provided remote e-voting facility to the Members entitled to cast their vote online on all the Resolutions as set out in the Notice of AGM and that the remote e-voting was open during the period from 17.7.2021 (9.00 A.M.) to 19.7.2021 (5.00 P.M.).
• to give similar rights to Members attending at the AGM through VC/OAVM facility and have not cast their vote on the resolutions through remote e-voting and are otherwise not barred from doing so, the Company has also provided the facility to cast their vote through e-voting system during the AGM.

The following business, as per Notice of AGM dated 4th May 2021, were transacted at the meeting:

• 1. To consider and adopt:
  • (a) the audited financial statements of the Company for the financial year ended 31st March, 2021, the reports of the Board of Directors and Auditors thereon; and
  • (b) the audited consolidated financial statements of the Company for the financial year ended 31st March, 2021 and the reports of the Auditors thereon.
• 1. To declare a final dividend and to note the payment of interim dividend of Rs. 5.50 per equity share already paid during financial year 2020-21.
• 1. To appoint a Director in place of Mr. Ajit S. Shriram (DIN : 00027918), who retires by rotation and being eligible, offers himself for re-appointment.
• 1. To appoint a Director in place of Mr. K.K. Sharma (DIN : 07951296), who retires by rotation and being eligible, offers himself for re-appointment.
• 1. Ratification of remuneration of Cost Auditors for the F.Y. 2020-21.

• 1. Appointment of Ms. Sarita Garg, Director as nominee of LIC of India.
• 1. Revision in the maximum limit of remuneration of Mr. Anand A. Shriram.
• 1. Fixation of the maximum limit of remuneration of Mr. Pranav V. Shriram.
• 1. Re-appointment of Mr. K. K. Kaul, Whole time Director for another 2 years.
• 1. Re-appointment of Justice (Retd) Mr. Vikramajit Sen, Non-Executive Independent Director for second term of 5 years.
• 1. Re-appointment of Mr. Parvesh Sharma, Non-Executive Independent Director for second term of 5 years.

The Chairman further informed the members that the combined(remote e-voting and e-voting during the Annual General Meeting) Voting Results on the above businesses shall be declared within 2 working days from the closure of the AGM and shall be placed on the website of the Company and Stock Exchanges.

The Chairman then announced the meeting as closed with a vote of thanks and declared that the e-voting will continue for another 30 minutes.