GPT Infraprojects limited — AGM Information 2023

Jul 27, 2023

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GPT Infraprojects Limited

Regd. Office : GPT Centre, JC-25, Sector-III, Salt Lake, Kolkata – 700 106, India CIN: L20103WB1980PLC032872 Tel: +91-33-4050-7000 Fax: +91-33-4050-7999 Email: gil.cosec@gptgroup.co.in Visit us: www.gptinfra.in

GPTINFRA/CS/SE/2023-24 July 27, 2023

The Department of Corporate Services, National Stock Exchange of India Ltd.,

BSE Limited, Exchange Plaza,

Phiroze Jeejeebhoy Towers, Plot no. C/1, G Block,

Dalal Street Bandra-Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai - 400 051

Dear Sir/Madam,

Sub: Proceedings of 43[rd] Annual General Meeting ("AGM").

Ref.: Scrip Code – 533761; NSE Symbol – GPTINFRA ISIN: INE390G01014

The 43[rd] Annual General Meeting of the Members of the Company was held on Thursday, July 27, 2023 at 3.00 p.m. through Video Conferencing.

Mr. Dwarika Prasad Tantia, Chairman of the Company, chaired the proceedings of the Meeting.

The Chairman welcomed the shareholders and directors and informed that the meeting was held through video conference in accordance with the circular issued by the Ministry of Corporate Affairs (MCA) and SEBI. Participation of members through video conference was reckoned for the purpose of quorum as per the circulars issued by MCA and Section 103 of the Companies Act, 2013. As the requisite quorum was present through video conference, the chairman called the meeting to order.

The relevant Registers and other statutory records as per the provisions of the Companies Act, 2013 and rules thereof were available for inspection by the member’s electronically.

There were in total 58 members representing 4,36,33,668 Nos of shares, participated the meeting through Video Conference.

The following Directors and Key Managerial Personnel were present through Video Conference form their respective locations:

Mr. Dwarika Prasad Tantia – Chairman

Mr. Shree Gopal Tantia - Managing Director

Mr. Atul Tantia - Executive Director & CFO

Mr. Vaibhav Tantia – Director & COO

Mr. Kashi Prasad Khandelwal - Independent Director

• Dr. Mamta Binani – Independent Director

• Mr. Mohit Arora – Company Secretary & Compliance Officer

The Chairman also acknowledged the attendance of Authorized Representative of the Statutory Auditors and Mr. Ashok Kumar Daga, Practicing Company Secretary, the Scrutinizer as well as the Secretarial Auditor of the Company. The Other Directors could not participate due to their preoccupation.

The Chairman declared with the permission of the members that the notice convening the 43[rd] Annual General Meeting and the Directors' Report having been circulated already, be taken as read.

The Company Secretary briefed the procedure for participation of the meeting through Video Conference. He then mentioned that some of the shareholders had registered as speaker shareholders to raise questions and provide feedback during the AGM. All the shareholders were in mute mode and speaker shareholders were un-muted when their turn for raising questions came up.

Thereafter, the Chairman addressed the members. He pointed out the achievements made by the Company since the last Annual General Meeting. He explained the Company’s policy in formulating plans for the growth of the Company. He also explained about the industry outlook. The performance of the Company and the future plans of the Company was also discussed.

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GPT Infraprojects Limited

Regd. Office : GPT Centre, JC-25, Sector-III, Salt Lake, Kolkata – 700 106, India CIN: L20103WB1980PLC032872 Tel: +91-33-4050-7000 Fax: +91-33-4050-7999 Email: gil.cosec@gptgroup.co.in Visit us: www.gptinfra.in

The Chairman took up following agendas one by one as contained in the Notice of 43[rd] Annual General Meeting of the Company.

ORDINARY BUSINESSES:

1. Adoption of the Financial Statements for the year ended March 31, 2022 together with Reports of Board of Directors and Auditors thereon.

2. To confirm the payment of interim dividend @10% and to declare final dividend @ 15% on equity shares for the financial year ended March 31, 2023.

3. To appoint Mr. Dwarika Prasad Tantia, who retires by rotation and being eligible, offers himself for reappointment.

4. To appoint M/s Agarwal Lodha & co. Chartered Accountants (FRN:330395E) as Joint Statutory Auditors of the Company.

SPECIAL BUSINESSES:

1. Ratification of Remuneration payable to the Cost Auditors of the Company for the financial year ended March 31, 2023.

2. Payment of Commission @ 1 % of the Net Profit of the Company to Mr. Dwarika Prasad Tantia Non -Executive Chairman of the Company for the FY 2023-24.

The Company had provided the facility of remote e-voting to the members through Link Intime e-voting system, to enable them to cast their vote electronically. The remote e-voting was open from Monday, July 24, 2023 (at 9.00 a.m. IST) and ended on Wednesday, 26[th] July, 2023 (at 5.00 p.m. IST) . The members who had not casted their vote through remote e- voting process, were given facilities for casting their votes using e- voting facility of Link Intime during the AGM.

After the above resolutions were being briefed and deemed to be read, the Chairman invited members who would like to make comments, make observations and seek clarifications.

Some Members addressed the Meeting as speaker. The questions or queries raised by the members were responded to appropriately by the management.

The Chairman thanked the Members for the kind words and appreciation and stated that their suggestions and feedback would be evaluated.

The Chairman thanked all Directors, Statutory Auditors, Registrar, Scrutinizer and Members who had joined the meeting. Further, he stated that the voting module was extended for another 15 minutes to enable the members to cast their votes. The Chairman informed that the result of the voting along with Scrutinizer report would be placed on the website of the Company and Stock Exchanges. He stated that the meeting would stand concluded at the end of 15 minutes.

The Company Secretary then proposed formal vote of thanks to the Chairman.

The meeting was concluded at 4:28 p.m.

Thanking You.

Yours faithfully

For GPT Infraprojects Limited

MOHIT Digitally signed by MOHIT ARORA ARORA Date: 2023.07.27 21:58:53 +05'30' Mohit Arora Company Secretary Membership No. ACS 51590