Goodluck India Limited — AGM Information 2021

Sep 29, 2021

Goodluck India Limited

(Formerly GOOD LUCK STEEL TUBES LIMITED) Corp. Office: "GOODLUCK HOUSE" Nehru Nagar, Ambedkar Road, Ghaziabad-201001 U.P.(INDIA) Ph.: 91-120-4196600,4196700, Fax: 91-120-4196666, 4196777

September 29, 2021

Manager, DCS The Bombay Stock Exchange Ltd. Phiroze jeejeebhoy Towers, Dalal Street, Murnbai- 400 001

National Stock Exchange of India Ltd. Exchange Plaza, C-l, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Scrip Code: - 530655 Scrip Code: - GOOD LUCK

Dear Sir,

Sub: Proceedings of the 35th Annual General Meeting held on 29th September, 2021

The Manager

In terms of the General Circular No. 201 2020 dated May 5, 2020 read with General Circular No. 141 2020 dated April 8, 2020 and General Circular No. 17/2020 dated April 13, 2020 and Circular No. 02/2021 dated January 13, 2021 issued by the Ministry of Corporate Affairs (together referred to as MCA Circulars) and the SEBI Circular No. SEBI/HOICFD/CMDI/CIRlP/2020179 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 35th Annual General Meeting held on Wednesday, 29th September, 2021 at 12.30 pm (1ST) through Video Conferencing ("VC") 1 Other Audio Visual Means ("OA VM"), to transact the business as stated in the AGM Notice dated September 02, 2021 ('Notice'). The AGM concluded at 12.55 PM. All the items of business contained in the Notice were transacted in the Meeting.

In this regard, please find enclosed herewith the proceedings/outcome of the AGM of the members of the Company as required under Regulation 30, Part-A of Schedule-III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 as Annexure - I.

Thanking you. For GOODLUCK IN .•...• _~LJIMITED

ABHISHEK AGRA WAL COMPANY SECRETARY Encl: As above

Regd. Office: 509, Arunachal Building, Barakhamba Road, Connaught Place, New Delhi-ll0001 (INDIA) CIN : L74899DL1986PLC050910 I Website: www.goodluckindia.com I Email: goodluck@goodluckindia.com Works: A-42 & 45, Industrial Area, Sikandrabad - 203205 Distt. Bulandshahr (U.P.)

ANNEXURE-I

Summary of proceedings of the 35th Annual General Meeting ('AGM')

The 35th AGM of the Members of Goodluck India Limited ('the Company') was held on Wednesday, September 29, 2021 at 12.30 p.m. (IST) through Video Conferencing ("VC") / Other Audio Visual 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').

Mr. Abhishek Agrawal, Company Secretary, welcomed the Members to the Meeting and briefed them on details relating to their participation at the Meeting through audio visual means.

Mr. Mahesh Chandra Garg, Chairman of the Company, chaired the Meeting. The Chairman welcomed the shareholders to the Meeting and on requisite quorum being present, called the Meeting to order.

The Directors (including Independent Director), Chief Financial Officer, Chief Executive Officer of the Company were present at the Meeting through VC. The Chairman welcomed them all and requested them to introduce themselves to the Members.

The Chairman informed the Members that representative of Statutory Auditor, Secretarial Auditor and Mr. Naveen Kr. Rastogi, Scrutinizers for the remote e-voting and the e-voting during the proceedings of the AGM, were also present at the Meeting through Vc.

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 and in compliance with the Circulars issued by the MCA and SEBI, Members were informed that the requirement of appointing proxies was not applicable. Further, the Registers as required under the Companies Act, 2013 were available for inspection in electronic mode, should any Member request for the same.

The Chairman informed to the members that Company had provided remote e-voting facility through NSDL System. The remote e-voting period commenced on 9.00 A.M. on Sunday, 26th September, 2021 and ended on Tuesday, 28th September, 2021 at 5.00 P.M.

With the permission of the Members present, the Notice to the Shareholders calling for the 35th Annual General Meeting was taken as read. The Chairman informed that the Independent Auditor's Report and Secretarial Auditor's Report were free from any qualifications/ observations

or other remarks. Accordingly, the Independent Auditor's Report, the Secretarial Auditor's Report and its annexure was also taken as read.

The Chairman then made his opening remarks with respect to Industry, Company's performance, strategic directions and future outlook.

In terms of the Notice dated September 02,2021 convening the 35th AGM of the Company, the following businesses were transacted at the Meeting through remote e-voting.

Ordinary Business

• 1. To receive, consider and adopt the standalone and consolidated Financial Statements of the Company for the financial year ended on 31st March, 2021 and the Reports of the Board of Directors and Auditors thereon;
• 1. To appoint a Director in place of Mr. Ramesh Chandra Garg (DIN: 00298129), who retires by rotation and, being eligible, offer himself for re-appointment;

Special Business

• 1. Ordinary Resolution- Ratification of Remuneration of Cost Auditor for financial year 2021-22;
• 1. Special Resolution- Re-appointment of Shri Mahesh Chandra Garg (DIN: 00292437) as Chairman and Whole Time Director;
• 1. Special Resolution- Re-appointment of Shri Ramesh Chandra Garg (DIN: 00298129) as Whole Time Director.
• 1. Special Resolution- Re-appointment of Shri Nitin Garg (DIN: 02693146) as Whole Time Director;
• 1. Special Resolution- Re- appointment of Smt. Rashmi Garg (DIN: 08188918) as Non-Executive and Independent Woman Director;
• 1. Ordinary Resolution- Approval for monthly remuneration to Mr. Manish Garg, COO, a related party of the Company;
• 1. Ordinary Resolution- Approval for monthly remuneration to Mr. Umesh Garg, Senior Management Executive, a related party of the Company.

Members present at the Meeting were given an opportunity to ask questions and seek clarification(s). The Chairman appropriately responded to the questions raised.

Post the question and answer session, the Chairman authorized Mr. Abhishek Agrawal, Company Secretary to carry out the e-voting process and conclude the Meeting. The Chairman further informed the Members that the consolidated voting results along with the Scrutinizer's Report 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 at www.goodluckindia.com and within 48 hours of the conclusion of the Meeting.

The Chairman then thanked the Members for their continued support and for attending and participating in the Meeting. He also thanked the Directors and others for joining the Meeting virtually. The e-voting facility was kept open for the next 15 minutes to enable the Members to cast their vote. Upon completion of the e-voting process the Company Secretary declared the Meeting closed.