Elecon Engineering Co.Ltd. — Declaration of Voting Results & Voting Rights Announcements 2020

Sep 25, 2020

Date: 25th September, 2020

To,

The Manager (Listing),	The Manager (Listing),
The BSE Ltd.	National Stock Exchange of India Ltd.
Mumbai	Mumbai
Company's Scrip Code: 505700	Company's Scrip Code: ELECON

Sub Voting Results of the 60th Annual General Meeting of the Company

Ref Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Dear Sir,

In terms of the subject referred Regulation, the details regarding voting (remote e-voting and e-voting at AGM) results of the business transacted at the 60th Annual General Meeting of the Company held on Thursday, 24th September, 2020 through video conferencing ("VC")/ other audio visual means ("OAVM"), at 10:00 a.m. is annexed hereto for your reference and records.

Please note that-

• a. The mode of voting for all the resolutions was remote e-voting which was commenced on Monday, 21st September, 2020 (9:00 a.m.) to Wednesday, 23rct September, 2020 (5:00p.m.).
• b. The facility for e-voting durin~ the AGM through "Instameet" was provided to those members who could not participate through remote e-voting but attended the AGM through VC.
• c. The Consolidated voting results and report of Scrutinizer are enclosed.

You may please note that all the resolutions prqposed at the 60th AGM of the Company have been approved by the members with req isite majority.

As per Section 108 of the Companies Act, 2013 and the rules made thereunder, the resolutions contained in the notice of 60th AGM are deemed to be passed on the date of AGM i.e. 241 h September, 2020.

Gearing industries. Gearing economies.

ELECON ENGINEERING COMPANY LIMITED, Post Box# 6, Vallabh Vidyanagar · 388120, Gujarat, India. Tel.: +91 -2692-238701 , 238702. Fax: +91- 2692-227484. CIN L29100GJ1960PLC001082 I infogear@elecon.com I www.elecon.com

We wish to further inform you that the abovesaid voting results and report are being posted on the Company's website www.elecon.com.

You are requested to kindly take the same on your records.

Thanking you,

Yours faithfully, For Elecon Engineering Company Limited

Bhar ~ ani

Company Secretary & Compliance officer

Encl.: As above

eof AGM				24th September, 2020
	Total number of Shareholders on record date				42757
	No. of shareholders present in the meeting either in person or through proxy:
	Promoters and Promoter Group				N.A.
Public				N.A.
No. of shareholders attended the meeting through Video Conferencing
Promoters and Promoter Group					22
Public					37
	Al!enda-wise disclosure (to be disclosed separately_ for each agenda itemj_
	Resolution required : (Ordinary/ Special)		(Resolution No.1-	Ordinary Resolution)("the Board") and Auditors thereon.			To consider and adopt the Standalone and Consolidated Audited Financial Statements of theCompany for the financial year ended on March 31, 2020 and the Reports of Board of Directors
agenda/ resolution?	Whether promoter/ promoter Group are interested in the		No
CategoryPromoter/Public	Mode of Voting	No. of Sharesheld	No. of votespolled	%of VotesPolled onoutstandingShares	No. of Votesin favour	No. ofVotesagainst	%of Votes infavour on votespolled	%of Votesagainst on votespolled
		(1)	(2)	(3)=[(2)/(1))"100	(4)	(5)	(6)=[(4)/(2W1oo	(7)=[(5)/(2))"100
	E-Voting		66404092	100.00%	66404092	0	100.00%	0.00%
Promoter and	Poll	66404092	0	0.00%	0	0	0.00%	0.00%
	Promoter Group Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	66404092	66404092	100.00%	66404092	0	100.00%	0.00%
	E-Voting	3179404	2506923	78.85%	2506923	0	100.00%	0.00%
Public Institutions Poll	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	3179404	02506923	0.00%78.85%	02506923	00	0.00%100.00%	0.00%0.00%
	E-Voting		426152	1.00%	426152	0	100.00%	0.00%
Public-Non	Poll	42616469	0	0.00%	0	0	0.00%	0.00%
Institutions	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	42616469	426152	1.00%	426152	0	100.00%	0.00%
TOTAL		112199965	69337167	61.80%	69337167	0	100.00%	0.00%

Note: The aforesaid resolution was passed with requisite majority.

Details of Invalid Votes
Category	No. of Votes
Promoter and Promoter Group	0
Public Institutions	0
Public-Non Institutions	___-_0 ~ ~

cing Comp=y L;m;.,d

Bharti Isarani Company Secretary & Compliance Officer

Date : 25th September, 2020 Place : V allabh Vidyanagar

DateofAGM				24th September, 2020
	Total number of Shareholders on record date				42757
No. of shareholders present in the meeting either in person or through proxy:Promoters and Promoter GroupPublicNo. of shareholders attended the meeting through Video Conferencing					N.A.N.A.
Promoters and Promoter Group					22
Public	Agenda-wise disclosure (to be disclosed separately for each agenda item)				37
			(Resolution No.	2-Ordinary Resolution)
	Resolution required : (Ordinary/ Special)			and being eligible, offers himself for re-appointment.				To appoint a Director in place of Shri Prashant C. Amin (DIN: 01056652), who retires by rotation
agenda/ resolution?	Whether promoter/ promoter Group are interested in the		No
CategoryPromoter/Public	Mode of Voting	held(1)	No. of Shares No. of votespolled(2)	%of VotesPolled onoutstandingShares(3)=[(2)/(1)]*100	No. of Votesin favour(4)	No. ofVotesagainst(5)	%of Votes infavour on votespolled(6)=[(4)/(2))*100	%of Votesagainst on votespolled_(7)=((5V(2))"1.oo
	E-Votin.e.		66404092	100.00%	66404092	0	100.00%	0.00%
Promoter and	Poll	66404092	0	0.00%	0	0	0.00%	0.00%
	Promoter Group Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	66404092	66404092	100.00%	66404092	0	100.00%	0.00%
	E-Voting		2506923	78.85%	2506923	0	100.00%	0.00%
Public Institutions Poll		3179404	0	0.00%	0	0	0.00%	0.00%
	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	3179404	2506923	78.85%	2506923	0	100.00%	0.00%
	E-Voting		388477	0.91%	388107	370	99.90%	0.10%
Public-Non	Poll	42616469	0	0.00%	0	0	0.00%	0.00%
Institutions	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	42616469	388477	0.91%	388107	370	99.90%	0.10%
TOTAL		112199965	69299492	61.76%	69299122	370	100.00%	0.00%

Note: 1) The aforesaid resolution was passed with requisite majority. 2) Abstain Votes- 37675

Category	No. of Votes
Promoter and Promoter Group	0
Public Institutions	0
Public-Non Institutions	.o, ':,.-.-_

( .. · .- ·· •• Jt

Date : 25th September, 2020 Place : Vallabh Vidyanagar

Date of AGM					24th September, 2020
	Total number of Shareholders on record date				I42757
No. of shareholders present in the meeting either in person or through proxy:Promoters and Promoter GroupPublic					!N.A.N.A.
No. of shareholders attended the meeting through Video ConferencingPromoters and Promoter GroupPublic				2237
	A~enda-wise disclosure (to be disclosed separately for each agenda item\
	Resolution required : (Ordinary I Special)		(Resolution No.3-	Special Resolution)Re-.appointment of Shri Prayasvin B. Patel (DIN:00037394), as a Chairman & Managing Directorof the Company and to fix their remuneration.
agenda I resolution?	Whether promoter I promoter Group are interested in the		No
CategoryPromoter/Public	Mode of Voting	No. of Sharesheld0(1)	No. of votespolled(2)	%of VotesPolled onoutstandingShares(3)=[(2)1(1)]*100	No. of Votesin favour(4)	No. ofVotesagainst(5)	%of Votes infavour on votespolled(6)=[(4)1(2)]*100	%of Votesagainst on votespolled(7)=[(5)/(2)]*100
	E-Votin~		66404092	100.00%	66404092	0	100.00%	0.00%
Promoter and	Poll	66404092	0	0.00%	0	0	0.00%	0.00%
	Promoter Group Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	66404092	66404092	100.00%	66404092	0	100.00%	0.00%
	E-Voting		2506923	78.85%	2506923	0	100.00%	0.00%
Public Institutions Poll		3179404	0	0.00%	0	0	0.00%	0.00%
	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	3179404	2506923	78.85%	2506923	0	100.00%	0.00%
	E-Voting		426152	1.00%	425782	370	99.91%	0.09%
Public-Non	Poll	42616469	0	0.00%	0	0	0.00%	0.00%
Institutions	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	42616469	426152	1.00%	425782	370	99.91%	0.09%
TOTAL		112199965	69337167	61.80%	69336797	370	100.00%	0.00%

Note: The aforesaid resolution was passed with requisite majority.

	No. of Votes
	0
	0
Public-Non Institutions

For Elecon Engineering Company Limited

~ Isarani

Bharti Company Secretary & Compliance Officer .:· ... . ,. _ 4 __ ,::

Date : 25th September, 2020 Place : Vallabh Vidyanagar

Date of AGM				24th September, 2020
Total number of Shareholders on record date					42757
No. of shareholders present in the meeting either in person or through proxy:Promoters and Promoter GroupPublic					N.A.N.A.
No. of shareholders attended the meeting through Video ConferencingPromoters and Promoter GroupPublic					2237
	Agenda-wise disclosure (to be disclosed separately for each a~enda item)
(Resolution No.4-Resolution required : (Ordinary I Special)Approval of payment of Commission to Non-Executive Directors of the Company.				Special Resolution)
agenda I resolution?	Whether promoter I promoter Group are interested in the		No
CategoryPromoter/Public	Mode of Voting	held	No. of Shares No. of votespolled	%of VotesPolled onoutstandingShares	No. of Votesin favour	No. ofVotesagainst	%of Votes infavour on votespolled	%of Votesagainst on votespolled
		(1)	(2)	(3)=[(2)/(1)]*100	(4)	(5)	(6)=[(4)/(2)]*100	(7)=[(5)/(2)]*100
	E-Votinl< ·		66404092	100.00%	66404092	0	100.00%	0.00%
Promoter and	Poll	66404092	0	0.00%	0	0	0.00%	0.00%
	Promoter Group Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	66404092	66404092	100.00%	66404092	0	100.00%	0.00%
	E-Voting		2506923	78.85%	2506923	0	100.00%	0.00%
		3179404	0	0.00%	0	0	0.00%	0.00%
Public Institutions Poll	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	3179404	2506923	78.85%	2506923	0	100.00%	0.00%
	E-Voting		398102	0.93%	397732	370	99.91%	0.09%
Public-Non	Poll	42616469	0	0.00%	0	0	0.00%	0.00%
Institutions	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	42616469	398102	0.93%	397732	370	99.91%	0.09%
TOTAL		112199965	69309117	61.77%	69308747	370	100.00%	0.00%

Note: 1) The aforesaid resolution was passed with requisite majority. 2) Abstain Votes- 28050

Details of Invalid Votes
Category	No. of Votes
Promoter and Promoter Group	0
Public Institutions	0
-----Public-Non Institutions	0--

For Elecon Engineering Company Limited

Bharti ~ Isarani

Company Secretary & Compliance Officer

Date : 25th September, 2020 Place : Vallabh Vidyanagar

Date of AGM					24th September, 2020
Total number of Shareholders on record date					42757
No. of shareholders present in the meeting either in person or through proxy:Promoters and Promoter Group				N.A.
Public					N.A.
No. of shareholders attended the meeting through Video Conferencing
Promoters and Promoter GroupPublic					2237
	Agenda-wise disclosure (to be disclosed separately for each agenda Uem)
(Resolution No. 5-Ordinary Resolution)Resolution required : (Ordinary/ Special)To ratify remuneration of M/ s. Y. S. Thakar & Co. as Cost Accountants of the Company forFinancial Year 2020-21.
agenda/ resolution?	Whether promoter/ promoter Group are interested in the		No					'
CategoryPromoter/Public	Mode of Voting	No. of Sharesheld	No. of votespolled	%of VotesPolled onoutstandingShares	No. of Votesin favour	No. ofVotesagainst	%of Votes infavour on votespolled	%of Votesagainst on votespolled
		(1)	(2)	(3)=[(2)/(1)]*100	(4)	(5)	(6)=[(4)/(2)]*100	(7)=[(5)/(2)]*100
	E-Voting	66404092	66404092	100.00%	66404092	0	100.00%	0.00%
Promoter and	PollPromoter Group Postal Ballot (if applicable)		00	0.00%0.00%	00	00	0.00%0.00%	0.00%0.00%
	Total	66404092	66404092	100.00%	66404092	0	100.00%	0.00%
	E-Voting		25069.23	78.85%	2506923	0	100.00%	0.00%
		3179404	0	0.00%	0	0	0.00%	0.00%
Public Institutions Poll	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	3179404	2506923	78.85%	2506923	0	100.00%	0.00%
	E-Voting		426152	1.00%	426082	70	99.98%	0.02%
Public-Non	Poll ·	42616469	0	0.00%	0	0	0.00%	0.00%
Institutions	Postal Ballot (if applicable)		0	0.00%	0	0	0.00%	0.00%
	Total	42616469	426152	1.00%	426082	70	99.98%	0.02%
TOTAL		112199965	69337167	61~	69337097-	70	100.00%	0.00%

Note: The aforesaid resolution was passed with requisite majority.

Details of Invalid Votes
Category	No. of Votes
Promoter and Promoter Group	0
Public Institutions	0
Public-Non Institutions	0

For Elecon Engineering Company Limited

~ lsarani

Bharti Company Secretary & Compliance Officer

Date : 25th September, 2020 Place : Vallabh Vidyanagar

D. G. Bhimani & Associates

1Company Secretaries Ph :" 02692 · 250343 M. 98242 79393 207, "Nathwani Chambers" Nr. Patel Market, Sardar Gunj, Anand · 388001

Email : dgbhimani@yahoo.co.in

SCRUTINIZER'S REPORT

[Pursuant to Section 108 of the Companies Act, 2013 and rule 20 of the Companies (Management and Administration) Rules, 2014}

To,

The Chairman

60th Annual General Meeting of the Equity Shareholders

'• I •

---.·- ,.":":.__.,;,_ ~-

Of Elecon Engineering Company Limited held on Thursday, 24th Day of September, 2020 at 10:00 a.m.through Video Conferencing (VC)/ Other Audio Visual Means (OAVM)

Dear Sir,

Subject : Consolidated Scrutinizer's Report on voting by Remote E-voting and E-voting facility provided to the shareholders during the 60th Annual General Meeting (AGM) of the Equity Shareholders of Elecon Engineering Company limited held on Thursday, 24th Day of September, 2020 at 10:00 a.m. through Video Conferencing (VC) I Other Audio Visual Means(OAVM)in respect of the resolutions (businesses) contained in the Notice dated 26th June, 2020.

I Dineshkumar G. Bhimani, Proprietor of D. G. Bhimani & Associates, Company Secretaries having my office at 207, Nathwani Chambers, Sardargunj, Anand - 388001 have been appointed by the Board of Directors of the Company as Scrutinizer for the purpose of the voting through remote e-voting and e-voting provided to shareholders during the AGM conducted through Video Conferencing I Other Audio Visual Means (VC/OAVM) on the below mentioned resolution(s) passed at the 60th Annual General Meeting of the Equity Shareholders of Elecon Engineering Company Limited held on Thursday, 24th Day of September, 2020 at 10:00 a.m. submit my report as under:

• 1. The e-voting facility both for e-voting prior to the AGM (remote evoting) and voting at the AGM by electronics means (e-voting) was provided by Link Intime India Private Limited (LIIPL).
• 1. The shareholders holding shares as on the cut-off date i.e. 17th September 2020 were entitled to vote on the proposed resolutions (item No. 1 to 5 as set out in the Notice of 60th Annual General Meeting of the Company.) ---r+---,
• 1. The remote e-voting period commenced on 21st September, 2020 from 9:00 AM and concluded on 23rd September, 2020 at 5:00 PM.
• 1. After the time fixed for e-voting facility provided to the shareholders during the AGM, E-voting System for voting was stopped.
• 1. The votes were unblocked at Anand on 24th September, 2020 at 11:15 a.m. in the presence of two witness. Mr. Harvinder Shreni and Miss Nirali Shahu who are not in the employment of the Company.They have signed below in confirmation of the votes being unblocked in their presence.

?'-',· Mr. HarvinderShreni Miss

tJ~ Nirali Shahu

( \

• 1. Members have either voted electronically through remote e-voting or through VC/OAVM. There is no instance of duplication of voting.
• 1. My responsibility as the Scrutinizer is restricted to ascertaining the voting processes and to make Scrutinizer's Report of the votes cast in favour or against the resolutions contained in the notice of AGM. The Management of the Company is responsible to ensure the compliance with the requirements of the Companies Act, 2013 and rules made thereunder relating to voting on the resolutions contained in the notice of the AGM.
• 1. The results of the scrutiny of voting by remote e-voting and through evoting facil ity provided during AGM in respect of resolutions contained in Notice dated 26th June, 2020 are as under :

RESOLUTION NO. 1 - ORDINARY RESOLUTION

To Consider and adopt Standalone and Consolidated Financial Statements of the Company for the Financial Year ended on 31st March, 2020 and the Reports of Auditors and the Board of Directors.

(ii) Voted against the resolution:

Number ofmem b ers1 Voted electronicallyI	Number of votescasty t embh1	Number ofmembersl Voted through Evotinq at AGM	Number ofvotes castby them
I0	II0	0	0
I	Total No. of members voted		0
ITotal number of votes cast by them			0
I	Percentaoe of total votinq		0

(iii Invalid votes:

Total number of members	Total number of votes
I	them
whose votes were declared invalid	cast b
0---------------	0

RESOLUTION NO. 2 - ORDINARY RESOLUTION

To appoint Director in place of Shri Prashant C. Amin (DIN: 01056652), Director of the Company who retires by rotation and being eligible, offer himself for reappointment.

Number ofmembersVoted electronically	I Number of votescast by themI	Number ofmembersVoted through Evoting at AGM	Number of Ivotes castby them
c---·-59	I69298987*i	2	135
	Total No. of members voted		61

• _Total number of votes casted b_y them

'-·- - ---- Percentage of total votinq

Note : Abstain Votes : 37675.

_(ji_) Voted a_gaiQ_st tQ_e resolution:_

Number of votescast by them	Number ofmembersVoted through Eat AGMvotin	Number ofvotes castby them
Total number of votes cast b
	370	Total No. of members votedthem

135 61 69299122 lOO__j (iii)Tnvalid votes:

Total number of members	Total number of votes
t==hosevo~eswerla r __	m ________ li--~--------s_t b~~-t_

RESOLUTION NO. 3 - SPECIAL RESOLUTION

Re-appointment of Shri Prayasvin B. Patel (DIN: 00037394 ), as the Chairman & Managing D1rcctor of the Company for a period of 3 years with effect from July 1, 2020.

--·.--INumber ofmembersVoted electronicallyI	-Number of votescast by them	Number ofmembersVoted through E-voting at AGM	Number ofvotes castby them
r--. 60	---69336662-	2	135
-	Total No. of members voted---		62
___ ,_	Total number of votes casted by them		69336797
-----~	Percentage of total voting _		100-

(i) Voted in favourof the resolution:

(ii) Voted against the resolution:

----INumber ofmembersVoted electronically--	--r--Number of votescast by them	----Number ofmembersVoted through E-Ivoting at AGM	Number of!votes castby them
2	370	I0	0
-f----Total No. of members voted---			2
Total number of vot_e~_cast by_ them			370
--L--- -	Per<;_enta_ge _gf _!s:Jtal voting		0

	---,
Total number of votes
	------(iii)Invalid votes: _____ --------,----b~e----o~~r declar inv~~------------'0 -

RESOLUTION NO. 4 - SPECIAL RESOLUTION

To approve payment of commission to the Non-Executive Directors for a period of five years.

,--Number ofmembersI Voted electronically	Number of votescast by them	lNumber ofmembersVoted through Evoting at AGM	Number ofvotes castby them
59	69308612	I2	135
	-Total No. of members voted		61
Total number of votes casted by them			69308747
---	Pcrcnlage gf totaloting_		100

(ii) Voted against the resolution:

Number of-,__membersVoted electronically I	Number Ofvotes J -cast by them1	Number ofmembersVoted through Evoting at AGM1	Number ofvotes castby them
2_	I3701	_	0----+----=--0---l
---Total No. of members voted			2
----f---Total number of votes cast by them			__370
____.		c_P_;;e;.:.r.::::ce:::.nta~ of tot a I VQ_ti ng------L.---= _ __J

(iii)Invalid votes:

rotal n-um_b_e_r of memberst-~~:e votes wer~ declar:d in~alid'--	Total number of votes~ st by---lt:::h:::e:.::m_:___
1	o _____~

Note : Absta in votes :- 28050 shares

RESOLUTION N0.5 - ORDINARY RESOLUTION

Approval of remuneration payable to Cost Auditors of the Company for the Financial Year 2020-21.

rNumber ofmembersIVoted electronically	I Number of votescast by them	Number ofmembersIVoted through Eat AGMvotin	Number ofvotes castby them
61	69336962	2
	Total No. of members voted _		------4--__::=-=-.----~
Tolal number of votes casted by them
t_	__ Percq_n~agc of total voting	_____	_ ---=Ji===""'

UU Voted against the resolution-	·	-
Number ofmembersVoted electronically	--rNumber of votesIcast by them	1 -Number ofmembersVoted through E-Ivotinq at AGM	Number ofvotes castby them
1---'~	_70	J0	0
Total No. of members voted-			1
Total number of votes ca_st by them-			70
-Percntage of total_voling			0-

-----------------( i U)jnva I id_---'-ot.::	----------.
e=s-'-:ITotal number of members~-whose votes were declared invalid	Total number of votescast by them
0	0

1. The relevant records relating to electronic votingshall remain in my safe custody until the Chairman considers, approve and sign the minutes of the 60th Annua l General Meeting and the same shall thereafter be handed over to the Chuirman/Cornpany Secretary for safe keeping.

Place Anand

Date 25/09/2020

UDIN : F008064B000772564