HMT Limited — AGM Information 2022

Sep 30, 2022

Kishor

Kumar S

Digitally signed by Kishor Kumar S Date: 2022.09.30 20:32:03 +05'30'

GIST OF THE PROCEEDINGS OF THE 69[TH] ANNUAL GENERAL MEETING OF HMT LIMITED

The 69[th] Annual General Meeting of Shareholders of HMT Limited was held on Friday, 30[th] September, 2022 at 10:30 a.m., through Video Conference and Other Audio-Visual Mode (OAVM) from the Registered Office of the Company at HMT Bhavan, No.59, Bellary Road, Bangalore - 560032. Since the requisite quorum was present, Shri. Pankaj Gupta, Chairman and Managing Director of the Company chaired the meeting & called the meeting in order. He further stated that all efforts, feasible under the circumstance have been made by the Company to enable members to participate and vote on the items being considered in the Meeting.

The Chairman delivered his speech.

The Members were informed that in terms of the Companies Act, 2013 and the SEBI (LODR) Regulation, 2015, the Company had provided e-voting facility to the shareholders to cast their votes electronically in respect of all business mentioned in the notice (including addendum to notice) and engaged the services of M/s KFIN Technologies Ltd to provide e- voting facility. Members who have not casted their vote through remote e-voting had provided the facility to cast their vote through Instapoll evoting at the Meeting.

The Company had appointed Shri. D. Venkateswarlu, Designated Partner of M/s. DAC & Associates LLP, Company Secretaries, to act as scrutinizer for scrutinizing the voting process (electronically).

Company Secretary then read out all the 5 resolutions proposed to be passed at the meeting

Ordinary Business:

1. Approval of Audited Standalone Financial Statements including Consolidated Financial Statements for the financial year ended March 31, 2022 along with reports of Board and Auditors thereon. ( Ordinary Resolution)

2. Re-appointment of Shri. Shashank Priya (DIN:08538400) as Director ( Ordinary Resolution )

3. Authorization to the Board of Directors to fix the remuneration of the Independent Auditors appointed by C&AG of India for the year 2022-23. ( Ordinary Resolution)

Special Business:

1. Appointment of Shri Pankaj Gupta (DIN:09716028), as Chairman & Managing Director (Additional Charge) of the Company. ( Ordinary Resolution )

2. Appointment of Dr. Renuka Mishra (DIN:08635835) as Government Nominee Director of the Company. ( Ordinary Resolution )

The Chairman explained the objectives of the items mentioned above and invited the members for discussion on these items. The Chairman answered the queries raised by members and it was informed that the facility of e-voting at the AGM for members who have not cast their votes through remote e-voting is available till conclusion of the meeting.

It was informed that on receipt of scrutinizers report, the combined results of remote e- voting & Instapoll evoting at the AGM would be announced within the statutory period to the stock exchanges, and also it will be uploaded on the website of the Company and the M/s KFin Technologies Limited.

Shri. Ramji Lal, Independent Director, proposed vote of thanks. Shri. Ramji Lal, thanked the members and officials participating in the meeting and later the Chairman informed that facility of instapoll e-voting will remain open for 15 minutes to enable the members to cast their vote and thereafter meeting closed at 11:50 a.m.

Note: The above should not be construed to be the minutes of the proceedings of the 69th Annual General Meeting of the Company.

=======