Dr. Lal Pathlabs Limited — AGM Information 2019

Aug 12, 2019

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August 12, 2019

National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relationship Department Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers Sandra Kurla Complex Dalal Street Sandra (E) Mumbai- 400001 Mumbai -400 051.

Sub: Proceedings of the 25th Annual General Meeting of the Company

Dear Sir/Madam,

We wish to inform you that the 25th Annual General Meeting ("AGM") of the Company was held on Monday, August 12, 2019 at 10.30 AM at the Air Force Auditorium, Subroto Park, New Delhi- 110010 and the businesses mentioned in the notice of AGM were transacted.

In this regard, please find enclosed proceedings of the AGM as required under Regulation 30, Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We request you to please take the same on record.

Thanking You,

Yours faithfully,

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Company Secretary and Legal Head

Encl: As Above

Regd. Office· Dr. Lal PathLaos Ud., r,;,-.. -:J< E. Se. or-18, ""'Hill, New Delhi - ',,: , ,,:,5. -,-9 f-l 1-302:;'. ,o. Fax: o, , l-27i:'.3-2I3"1 Corporate Office: Dr. Lal PdlhLabs Ud., l 2U, Flc.,,r, Tow.>r B, SAS Tower. M-�;c,ty, Sector-38. c;,.,rvgram - 122 00 l, Hdry.ana ..-91-124-3016-500. Fax: -'-91-12, ·i234-',l:J E-mail: lalpathlabs·0;alp:?thJ�bs.com. Web: W\l'IW.lalp?thlab,.com. CIN No.: L7·., ,1ULl9'i:;PLC065.3e9

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Summar of Proceedings of the 25[th ] Annual General Meeting of Dr. Lal PathLabs Limited {"Company")

The 25[th ] Annual General Meeting (AGM) of the Members of the Company was held on Monday, August 12, 2019 at 10:30 A.M. at Air Force Auditorium, Subroto Park, New Delhi-110010.

As per the attendance record a total of 63 Members were present.

The requisite quorum being present, (Hony) Brig. Dr. Arvind Lal, Managing Director and Chairman of the Company', took the chair and started the formal proceedings by introducing the Directors present with him on the dais. All the Directors of the Company except Mr. Harneet Singh Chandhoke and Dr. Archana Lal Erdmann, attended the meeting in person.

The Chairman confirmed the presence of Mr. Abhay Fadte, Director, Deloitte Haskins & Sells, LLP; Statutory Auditors of the Company and Mr. Prashant Balodia, Practicing Company Secretary and Partner, PDS & Co., the Secretarial Auditor of the Company. The Chairman informed that, leave of absence was granted to the Internal Auditors and Cost Auditors of the Company to attend AGM of the Company.

The Chairman further informed that the Statutory Registers under the Companies Act, 2013 along with the other documents as mentioned in the AGM Notice are available for inspection by ttie members.

The Chairman further informed that the Statutory Auditors' Report and Secretarial Audit Report for the Financial Year ended March 31, 2019 did not contain any qualifications having adverse effect and therefore, were not required to be read at the AGM.

The Chairman thereafter, read out his speech.

The notice of the AGM was, then, taken as read with the permission of the members present.

The objectives & implications of the resolution No. 1 & 4 proposed to be passed at the AGM were explained to the Members.

For resolution No. 5 the Chairman was deemed to be considered interested being a related party. Therefore, the Chairman entrusted the conduct of the proceedings for resolution No. 5 to Dr. Om Prakash Manchanda, CEO & Whole-Time Director of the Company.

Dr. Manchanda then explained the objective & implication of resolution No. 5. Dr. Lal resumed the Chair thereafter.

The objective & implication of the resolution No. 6 proposed to be passed at the AGM was explained to the Members. The Members were then, invited to ask their queries/raise concern on the items of AGM Notice.

�s « ' .s, ;\ \ <:, '� , / Thereafter, the Chairman informed the members that the Company had provided the facility to cast their vote electronically on all the resolutions set forth in the notice of 25th AGM. The e­ voting period commenced on Thursday, August 08, 2019 at 10:00 A.M and ended on Sunday, August 11, 2018 at 5:00 P.M. Members who were present at the AGM and whos 0

recorded in the register of members or in the register of beneficial owners maintained by the depositories as on the cut-off i.e. August 05, 2019 and who had not cast their votes electronically were provided an opportunity to cast their votes through poll at the meeting, under the supervision of Mr. Prashant Balodia of M/s PDS & CO. (Company Secretaries), Scrutinizer appointed for fair and transparent conduct of remote e-voting and poll process.

The Chairman also informed the Members that the Board of Directors engaged the services of Central Depository Services (India) Private Limited (CDSL) as agency to provide e-voting facility.

The Chairman further announced that the results of the voting (both electronic and physical) shall be declared on or before August 14, 2019 and shall be placed at the website of the Company at www.lalpathlabs.com and also on the website of CDSL at www.evotingindia.com and shall be informed to stock exchanges where the securities of the Company are listed.

The Chairman then thanked the members for attending the Meeting and requested Mr. Prashant Balodia to take over the poll proceedings.

Thereafter, the voting by way of poll was conducted for the following resolutions as stated in the AGM notice:

ORDINARY BUSINESS	ORDINARY BUSINESS
1.	Adoption of the audited standalone financial statements of the Company for the
	Financial Year ended March 31, 2019 together with the reports of the Directors and
	Auditors thereon and the consolidated audited financial statements of the Company for
	the Financial Year ended March 31, 2019 and the reports of the Auditors thereon.
	(Ordinary Resolution)
2.	Declaration of dividend of Rs. 3.50/- per equity share for the Financial Year ended
	March 31, 2019.(Ordinary Resolution)
3.	Re-appointment of Mr. Rahul Sharma (DIN: 00956625) as a Director of the Company,
	liable to retire by rotation.(Ordinary Resolution)
SPECIAL BUSINESS
4.	Appointment of Ms. Somya Satsangi (DIN: 07275574) as an Independent Director of
	the Company for a term of Three (3) years.(Ordinary Resolution)
5.	Appointment of Dr. Archana Lal Erdmann (DIN: 08432506) as a Director of the
	Company, liable to retire by rotation.(Ordinary Resolution)
6.	Ratification of the remuneration of M/s. A.G. Agarwal & Associates (Firm Registration
	No. 000531), Cost Auditors of the Company for the Financial Year 2019-20.(Ordinary
	Resolution) 0\1"1La �-

The Company Secretary announced the closure of the meeting after the Members polled their votes through ballot paper and the scrutinizer took the possession of the ballot boxes in his safe custody.

We request you to please take the same on record.

Thanking You,

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Rajat Kalra Company Secretary and Legal Head