Ganges Securities Ltd. — AGM Information 2021

Aug 26, 2021

GANGES SECURITIES LIMITED

CIN —L74120UP2015PLCO69869 REGD. OFFICE - P.O. HARGAON, DIST SITAPUR (U.P.), PIN— 261 121 Phone No. (05862) 256220-221; Fax No.: (05862) 256 225 E-mail — gangessecurities@birlasugar.or ; Website-www.birla-sugar.com

August 26, 2021

The Secretary The Dy. General Manager National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, Sth Floor BSE Ltd. Plot No. C/1, G Block Ist Floor, New Trading Ring, Bandra- Kurla Complex, Rotunda Building Bandra (E) P.J. Towers, Dalal Street, Fort, Mumbai 400 051 Mumbai-400 ⁰⁰¹

Symbol : GANGESSECU Stock Code : 540647

Dear Sirs,

Re: 7" Annual General Meeting of the Company

In terms of General Circular Nos.14/2020, 17/2020, 20/2020 and 02/2021 dated 8th April 2020, 13th April 2020, Sth May 2020 and January 13, 2021, respectively, issued by the Ministry of Corporate Affairs ("MCA Circular/s") and Circular No. SEBI/H0/CFD/CMD1/CIR/P/2020/79 and SEBI/HO/CFD/CMD1/CIR/P/2021 /11 dated 12th May 2020 and January 15, 2021 respectively issued by the Securities and Exchange Board of India ("SEBI Circulars") and in compliance with other applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the 7" Annual General Meeting (AGM) of the Company was held on Thursday, August 26, 2021 at 11.00 a.m. (IST) through two- way Video Conference ('VC')/Other Audio Visual Means C(OAVM)) to transact the business as stated in the AGM Notice dated May 10, 2021 ('Notice'). All the items of business contained in the Notice were transacted and passed by the Members with requisite majority. The Company also facilitated the live webcast of the proceedings.

In this regard, please find enclosed the Summary of proceedings of the AGM of the Company as required under Regulation 30 of the SEBI Listing Regulations.

The AGM concluded at around 11:18 a.m. (IST).

The above is for your information and records.

Thanking you,

Yours faithfully, For Ganges Securities Limited soya A (4

ijaya Agarwala

Company Secretary ACS 38658

Encl. — as above

Summary of the proceedings of the 7 Annual General Meeting (AGM) of the Company held on August 26, 2021

The 7" AGM of the Members of Ganges Securities Limited ('the Company') was held on Thursday, August 26, 2021 at 11.00 a.m. (IST) through two-way Video Conferencing (''VC''VOther Audio- Visual Means (OAVM') facility provided on webex platform by NSDL. 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 ('SEBT').

In the absence of Mrs. Nandini Nopany, Mr. Santosh Kumar Poddar, Director was requested to take the Chair. Mr, Poddar took the Chair and welcomed the shareholders to the Meeting and being informed. about the requisite quorum being present, called the Meeting to order. He introduced the following participants who were present at the Meeting through VC from their respective locations:

• Mr Arun Kumar Newar, Chairman Audit Committee and Stakeholders' Relationship Committee; Mrs Urvi Mittal, Managing Director;
• Mr Dhiraj Ramakant Banka, Chairman Nomination & Remuneration Committee; Mr Chhedi Lal Agarwal, Director; ao oP
• Mr Vikash Goyal, Chief Financial Officer; and #

Ms Vijaya Agarwala, Company Secretary. rh

The Chairman welcomed the Directors and introduced them to the Members who joined the AGM over virtual platform,

The Chairman also informed the Members that representatives of Agrawal Subodh & Company, Chartered Accountants, Statutory Auditors, M/s Vinod Kothari & Co., Secretarial Auditors were also present at the Meeting through VC. The Chairman then informed the Members that the proceedings of the Meeting were also being webcast and could be viewed live by Members by logging in to NSDL website. The Company had taken the requisite steps to enable Members to participate and vote on the items being considered at this AGM. Since there was no physical attendance of Members in compliance with the Circulars issued by the MCA and SEBI, Members were informed that the requirement of appointing proxies was not applicable. The Chairman drew the attention of members to the registers/documents made available for inspection by the members electronically.

With the consent of the Members present, the Notice convening the AGM was taken as read. Since there was no qualification, observation or adverse remark in the Statutory and Secretarial Auditor's Reports, the Auditors' Report for the year ended March 31, 2021 were also taken as read.

Thereafter, the Chairman delivered his speech, He apprised the members about the challenges posed by COVID 19 pandemic, performance of the Company for the Financial Year ended 31" March, 2021 and also about its future outlook.

GANGES SECURITIES LIMITED CIN —L74120UP2015PLCO69869 REGD. OFFICE - P.O. HARGAON, DIST SITAPUR (U.P.}, PIN — 261 121 Phone No. (05862) 256220-221; Fax No.: (05862) 256 ²²⁵ E-mail — gangessecurities@birlasugar.org; Website-www.birla-sugar.com

The Chairman informed the Members that in compliance with the provisions of Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and the provisions of Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company had extended e-voting facility to the Members of the Company in respect of business transacted at the 7" AGM to cast their vote electronically from a place other that the venue of the Meeting, wherein the e-voting period commenced on Sunday, August 22, 2021 (9:00 AM) and ended on Wednesday, August 25, 2021 (5:00 PM). The Chairman further informed the Members that the facility for e-voting has been made available at the meeting for the Members who have not casted their vote through remote e-voting during the continuance of the AGM and upto 15 minutes post conclusion of the AGM.

The Chairman further informed that the Company has engaged the services of NSDL as authorised agency to provide e-voting facility and has appointed Mr. Mohan Ram Goenka, Practising Company Secretary, FCS 4515 as the Scrutinizer for the purpose of scrutinizing the e-voting process in a fair and transparent manner and to submit his consolidated report thereon.

In terms of the Notice dated May 10, 2021 convening the 7" AGM of the Company, the following businesses were transacted at the Meeting through remote e-voting:

O r d i n a r y B u s i n e s s		T y p e o f R e s o l u t i o n
1	C o n s i d e r a t i o n a n d a d o p t i o n o f t h e :	O r d i n a r y R e s o l u t i o n
	a t h e A u d i t e d S t a n d a l o n e F i n a n c i a l S t a t e m e n t s o f t h e C o m p a n y
	f o r t h e y e a r e n d e d 3 1 s t M a r c h , 2 0 2 1 a n d t h e R e p o r t s o f t h e
	D i r e c t o r s a n d A u d i t o r s t h e r e o n ;
	b t h e A u d i t e d C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s o f t h e
	C o m p a n y f o r t h e y e a r e n d e d 3 1 s t M a r c h , 2 0 2 1 a n d t h e
	R e p o r t s o f t h e A u d i t o r s t h e r e o n
2	R e - a p p o i n t m e n t o f M r s N a n d i n i N o p a n y ( D I N : 0 0 0 5 1 3 6 2 ) w h o	O r d i n a r y R e s o l u t i o n
	r e t i r e s b y r o t a t i o n , a s a D i r e c t o r , l i a b l e t o r e t i r e b y r o t a t i o n
S p e c i a l B u s i n e s s
3	A p p o i n t m e n t o f M r s U r v i M i t t a l ( D I N : 0 2 7 8 0 8 4 2 ) , a s t h e M a n a g i n g	S p e c i a l R e s o l u t i o n
	D i r e c t o r o f t h e C o m p a n y f o r a t e r m o f t h r e e y e a r s ,

Members present at the Meeting were given an opportunity to ask questions and seek clarification(s).

The Chairman further informed the Members that the consolidated voting results will be disseminated to BSE Limited and National Stock Exchange of India Limited on which the Company's shares are listed and will also be made available on the website of the Company at www.birla-sugar.com and the National Securities Depository Limited at www.evotin within two working days of the conclusion of the Meeting.

GANGES SECURITIES LIMITED CIN — L74120UP2015PLC069869 REGD. OFFICE - P.O. HARGAON, DIST SITAPUR (U.P.), PIN — 261 121 Phone No. (05862) 256220-221; Fax No.: (05862) 256 ²²⁵ E-mail — gangessecurities@ birlasugar.org; Website-www.birla-sugar.com

The Chairman then thanked the Members for their continued support and for attending and participating in the Meeting. He also thanked the Directors for joining the Meeting virtually and since there being no other item business to be transacted, the Chairman declared the meeting closed.

The consolidated results of the remote E-voting and E-voting at the AGM would be made available with the Scrutinizers' report at the websites of the Company and National Securities Depository Limited within two working days of conclusion of the AGM.

This is for your information and records.

Thanking you,

Yours faithfully, For Ganges Securities Limited

Vijaya Agarwala Company Secretary ACS 38658