Elnet Technologies Ltd. — AGM Information 2020

Sep 28, 2020

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2a[th ] September, 2020

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001.

Security ID/ Scrip Code - ELNET/517477

Dear Sir/Madam,

Sub.: Proceedings of 29[th ] Annual General Meeting held on 28[th ] Sep, 2020

Pursuant to Regulation 30 Part-A of Schedule Ill of SEBI (LODR) Regulations, 2015 we enclose herewith the proceedings of 29[th ] Annual General Meeting (AGM) of the Company held today i.e Monday, 28[th ] September, 2020 at 12.30 PM 1ST through Video Conferencing ('VC') / Other Audio Visual Means ('OAVM').

This is for your information and records.

Thanking you,

Yours faithfully,

For ELNET TECHNOLOGIES LIMITED

ry & Compliance Officer

REGO. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA. TEL: +91-44-2254 1337. +91-44-2254 1098 FAX: +91-44-2254 1955 E.mail : elnetcity@gmail.com / elnetfinance@gmail.com I www.elnettechnologies.com

CIN : L72300TN1990PLC019459

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SUMMARY OF PROCEEDINGS OF THE 29TH ANNUAL GENERAL MEETING (AGM) ---- OF ELNET TECHNOLOGIES LIMITED HELD ON MONDAY, 28TH SEPTEMBER, 2020 AT 12.30 PM VIA VIDEO CONFERENCING ("VC")/OTHER AUDIO VISUAL MEANS ("OAVM").

DIRECTORS PRESENT:

Mr. M. Vijayakumar IAS.,

• Chairman and Non-Executive Director

Mr. Unnamalai Thiagarajan

• Managing Director

Mr C. Ramachandran, IAS (Retd.,)

• Non-Executive Director Member of Audit Committee Member of Nomination and Remuneration Committee Chairman of Stakeholder Relationship Committee

• Mr. J. Ravi

• Non Executive Director

Mr. G. Chellakrishna

• Independent Director Chairman of Audit Committee

Mr. R. Ganapathi

• Independent Director Member of Audit Committee

Chairman of Nomination and Remuneration Committee Member of Stakeholder Relationship Committee

• Mr. G. Senrayaperumal

• Independent Director

• Mr. K. Kasim, IPS, (Retd.,)

• Independent Director

Mr. A. P. Radhakrishnan

• Independent Director

Mr. P. R Nithiyanandan

• Non Executive Director

Mr. N. Srivathsa Desikan

• Non Executive Director

IN ATTENDANCE:

Mr. T. Joswa Johnson Mrs. E. Kamakshi Mrs. Geetha Jeyakumar

Mr. Prabhakar

• Company Secretary

• Chief Financial Officer

• Statutory Auditors

• [Partner, MSKA & Associates]

• Secretarial Auditors

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• [Partner, Mis. BP & Associates; Scrutinizer]

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CHAIRMAN:

Mr. M. Vijayakumar IAS., Chairman and Non - Executive Director chaired the meeting.

At 12.30 PM the Chairman commenced the proceedings of the meeting by welcoming the members to the 29[th ] AGM of the Company and informed that as per the provisions of Section 103 of the Companies Act, 2013, the requisite quorum is present and declared the meeting in order.

The Chairman briefed the members about the video conferencing facility and the Company has taken all feasible efforts under the current circumstances to enable members to participate through video conference and cast their votes electronically.

The Chairman then introduced the Directors, Chief Financial Officer and Company Secretary present at the meeting through video conferencing from their respective locations. The Statutory Auditors and Secretarial Auditors were also present during the meeting.

The Chairman further informed that the Notice convening the meeting and the Boards report has been circulated along with the Annual Report by e-mail to shareholders and hosted on the website of the Company and the Stock Exchange has taken as read. The Independent Auditors report and Secretarial Auditors report did not have any qualifications/comments/observations and the same was taken as read.

The Chairman delivered his speech on the performance, operations, outlook, strategy and future prospects of the Company.

The Chairman informed that the Company had provided the facility to the shareholders to register themselves as speakers and/or raise queries. The Company had received request from 4 shareholders to register themselves as speakers during the AGM. Accordingly, the floor was open to those registered shareholders to ask questions/express their views one by one and the Chairman requested the host (CDSL) to enable the speaker shareholders to speak/ask queries on the Company's operations and financial statements of the Company. Accordingly, 3 speaker shareholders had participated and sought answers/clarifications.

The reply to the shareholders queries was addressed by the Chairman of Audit Committee Mr. G. Chellakrishna.

Thereafter, the Chairman thanked the shareholders on behalf of the Company.

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2015, the company had engaged the services of Central Depository Services (India) Limited (CDSL) to provide remote e-voting facility to the members which was commenced on Thursday, 24[th ] Sep, 2020 at 9.00 am and ends on Sunday, 27th Sep, 2020 at 5.00 pm. The Company had successfully completed the e-voting process as at the closure of Sunday, 27[th ] Sep, 2020 at 5.00 pm. Mis. BP & Associates, Practicing Company Secretaries, Chennai was appointed as the Scrutinizers by the Board for scrutinizing the e-voting and voting during the Meeting. mm .. The Chairman further informed that pursuant to Section 108 of the Companies Act, 201� read with Rule 20 of the Companies (Management and Administration) Rules, 2014-ca1t-1n1Gd--­ Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,

Then the chairman informed that the Members who have not casted their vote through e-voting facility, the company is obligated to provide e-voting option during the meeting. The Members may participate and cast their votes in proportion to their shares of the paid-up equity share capital of the Company as on the cut-off date i.e. Monday, 21[st ] September, 2020 and those members who had casted their votes already through remote e-voting prior to this meeting cannot vote again in this Meeting.

The following resolutions as set out at in the Notice of 29[th ] AGM were open for e-voting:

S No. Particulars Resolution required (Ordinary/ Special) 1. Toreceive, considerandadopttheAudited Ordinary Financial Statements for the Financial Year ended 31st March, 2020 and the Reports of the Board of Directors and the Statutory Auditors thereon. 2. To declare a dividend of Rs. 1.20 per equity Share Ordinary for the Financial Year ended 31stMarch, 2020.	S No. Particulars Resolution required (Ordinary/ Special) 1. Toreceive, considerandadopttheAudited Ordinary Financial Statements for the Financial Year ended 31st March, 2020 and the Reports of the Board of Directors and the Statutory Auditors thereon. 2. To declare a dividend of Rs. 1.20 per equity Share Ordinary for the Financial Year ended 31stMarch, 2020.		Resolution required (Ordinary/ Special)
3. Toappointadirector in placeofMr.J.Ravi Ordinary (DIN: 00042953) who retires by rotation and being eligible ofers himself for re-appointment. 4. To appoint a director in place of Ordinary Mr. C. Ramachandran (DIN: 00050893) who retires b tti dbi liibl ff hilf f
y roaon aneng ege oers mse or re-appointment.
5.	Appointment of Mr. P.R Nithiyanandan., (DIN:07721702)as Non-executive director. Increase In Authorised Share Capital		Ordinary Ordinary
6.
7. 8.	Alteration of Capital Clause of Memorandumof Association Adoption of set of new articles of association as per the companies act, 2013		Special
			Special
9.	Increase in the borrowing powers of the company Special under section 180(1)(c)of the companies act, 2013
10.	Approval under section 180(1 )(a) of the companies Special act, 2013

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The Chairman informed that pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the results of the remote e-voting and e-voting at AGM would be announced within 48 hours of the conclusion of the meeting. The results along with Scrutinizer's report will be uploaded on the Company's website www.elnettechnologies.com, and website of CDSL www.evotingindia.com and on the website of the Stock Exchange www.bseindia.com.

The Chairman then thanked the members present at the 29[th ] Annual General Meeting for their continuous support and confidence on the Company and also the Bankers, customers, dealers, vendors, contractors and sub-contractors who are associated with the company for their valuable support.

The Chairman announced the formal closure of the 29[th ] Annual General Meeting of the Company at 1.20 P.M.

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