Gaekwar Mills Ltd. — AGM Information 2020

Dec 26, 2020

Website:www.gaekwarmills.com

THE GAEKWAR MILLS LTD. REGD. OFFICE: 2/2, Plot-2, New Sion CHS, Swami Vallabhdas Marg, Road No. 24, Sindhi Colony, Sion Mumbai – 400022. CIN: L17120MH1949PLC007731

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To, Date: 26.12.2020

The Deputy General Manager Corp orate Relationship Dept. Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001

Scrip Code:- 502850

Sub:Summary of Proceedings of 91st Annual General Meeting held on Saturday, 26th December, 2020.

Dear Sir/Madam,

In terms of the General Circular No. 20/ 2020 dated May 5, 2020 read with General Circular No. 14/ 2020 dated April 8, 2020 and General Circular No. 17/2020 dated April 13, 2020 issued by the Ministry of Corporate Affairs (together referred to as MCA Circulars) and the SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 (referred to as SEBI Circular) and in compliance with other applicable provisions of the Companies Act, 2013 ('Act') and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the 91[st] AGM of the Company was held on Saturday, 26[th] December, 2020 at 03.30 P.M. (IST) through Video Conference ('VC')/Other Audio Visual Means ('OAVM') to transact the business(es) as stated in the AGM Notice dated November 13, 2020 ('Notice').

In this regard, please find enclosed the details of the proceedings of the 91[st] Annual General Meeting of the Company.

You are requested to please take the aforesaid on your record.

Thanking you,

For Gaekwar Mills Limited

RATAN Digitally signed by RATAN NOSHIR NOSHIR KARANJIA KARANJIA Date: 2020.12.26 18:20:02 +05'30'

Ratan Karanjia Director DIN: 00033108

THE GAEKWAR MILLS LTD.

REGD. OFFICE: 2/2, Plot-2, New Sion CHS, Swami Vallabhdas Marg, Road No. 24, Sindhi Colony, Sion Mumbai – 400022. CIN: L17120MH1949PLC007731 Website:www.gaekwarmills.com

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To, Date: 26.12.2020

The Deputy General Manager Corp orate Relationship Dept. Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001

Scrip Code:- 502850

Sub:- Proceedings of 91st Annual General Meeting

Dear Sir,

The 91[st] Annual General Meeting (the AGM) of the Members of Gaekwar Mills Limited (the Company) was held on Saturday, December 26, 2020 at 03.30 P.M. through Video Conferencing (VC)/ Other Audio Video Means (OAVM). The Meeting was conducted in accordance with the circulars issued by the Ministry of Corporate Affairs ('MCA') and the Securities and Exchange Board of India ('SEBI') and concluded at 03.50 P.M.

Ms. Shweta Dhruv Shah, Director of the Company, welcomed the Members to the Meeting and briefed them on the details relating to their participation in the Meeting.

Mr. Ratan Noshir Karanjia, Director of the Company, chaired the AGM. All the Directors of the Company were present at the Meeting through VC from their respective locations. The Chairman welcomed and introduced the Other Directors, Statutory Auditor and Secretarial Auditor to the Members.

Total 21 Members attended the meeting as per the records of attendance provided by the Company.

The Chairman informed the Members that pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015, the Company had extended the remote e-voting facility to the Members of the Company in respect of the businesses mentioned in the Notice of the Meeting. The remote e-voting commenced at 9:00 A.M. on Wednesday December 23, 2020 and ended at 5:00 P.M. on Friday, December 25, 2020. Mr. Anish Gupta, M/s Anish Gupta & Associates, Company Secretary in whole-time practice was appointed as scrutinizer by the Board for scrutinizing the remote e-voting process and e-voting process during the Meeting.

The Chairman further informed the Members that the Company has arranged for e-voting on all the resolutions mentioned in the Notice of the Meeting.

The resolutions passed by the Members, briefly related to:

ORDINARY BUSINESS:

1. Adoption of the Audited Balance Sheet for the financial year ended 31[st] March, 2020 together with the Auditors and Directors Report thereon.

2. Re-appointment of Ms. Shweta Dhruv Shah (DIN No: 03287393) who retires by rotation and being eligible, offer herself for re - appointment.

The Chairman further informed the Members that the consolidated voting results will be disseminated to the Stock Exchanges on which the Company's shares are listed and will also be made available on the website of the Company and the National Securities Depository Limited within 48 hours of the conclusion of the Meeting.

The Chairman thanked the Directors for joining the Meeting virtually. The e-voting facility was kept open for 15 minutes after the conclusion of the Meeting to enable the Members to cast their vote. He also thanked the Members for their continued support and for attending and participating in the Meeting.

There being no other business, the Chairman announced the formal closure of the 91[st] Annual General Meeting of the Company by giving vote of thanks to the members for extending their support to carry out the AGM.

Thanking you,

For Gaekwar Mills Limited

RATAN Digitally signed by RATAN NOSHIR NOSHIR KARANJIA Date: 2020.12.26 KARANJIA 18:21:03 +05'30'

Ratan Karanjia Director DIN: 00033108