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IDEAFORGE TECHNOLOGY LIMITED — AGM Information 2024
Aug 8, 2024
61104_rns_2024-08-08_e40294f4-e654-4096-987e-a517ac11ab9d.pdf
AGM Information
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www.ideaforgetech.com
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August 08, 2024
| To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001. BSE Scrip Code:543932 |
To, The National Stock Exchange of India Limited “Exchange Plaza”, Bandra – Kurla Complex, Bandra (EAST), Mumbai – 400 051 NSE SYMBOL: IDEAFORGE |
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|---|---|---|
Sub: Proceedings of the 17[th] Annual General Meeting (‘AGM’) of ideaForge Technology Limited (‘the Company’) held on Thursday, August 08, 2024.
Dear Sir/Ma’am,
Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations, we are submitting herewith the Proceedings/Outcome of the 17[th] Annual General Meeting (“AGM”) of the Company held on Thursday, August 08, 2024, at 11.00 a.m. and concluded at 12.35 p.m. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). – Annexure A.
The voting results of remote e-voting and e-voting during the AGM, on the resolutions Item Nos. 1 to 7 of the Notice of the AGM, will be forwarded separately on declaration of voting results, in the format prescribed under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the same will be placed on the website of the Company www.ideaforgetech.com and also on the websites of National Stock Exchange of India Ltd (NSE), BSE Ltd., and National Securities Depository Limited (NSDL), “the Agency” appointed by the Company for facilitating remote e-voting , within two working days of conclusion of this meeting. Further, the consolidated report of the Scrutinizer on remote e-voting prior & during the AGM shall also be submitted along with voting results.
Please take the above information on record.
Thanking you,
For ideaForge Technology Limited
SONAM Digitally signed by SONAM DILIPKUMAR DILIPKUMAR GUPTA Date: 2024.08.08 16:55:58 GUPTA +05'30' Sonam Gupta Company Secretary & Compliance Officer Membership No. A53881
idea Forge Technology Limited (Formerly ideaForge Technology Private Limited) EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007 Email: [email protected] CIN No. U31401MH2007PLC167669
www.ideaforgetech.com
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Annexure – A
Proceedings/Outcome of the 17[th] Annual General Meeting (AGM) of the Company held on Thursday, August 08, 2024, at 11.00 a.m. by Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”).
Present:
Mr. Srikanth Velamakanni, Chairman Mr. Ankit Mehta, CEO and Whole-time Director Mr. Rahul Singh, Whole-time Director Mr. Ashish Bhat, Whole-time Director Dr. Vikas Balia, Independent Director Mr. Ganapathy Subramaniam, Non-Executive Nominee Director Mr. Mathew Cyriac, Non-Executive Nominee Director Mr. Vipul Joshi, Chief Financial Officer
By Invitation:
Ms. Mansi Pardiwalla, Partner, BSR & Co. LLP, Statutory Auditors Mr. Sachin Garg, Manager, BSR & Co. LLP, Statutory Auditors Mr. S N Viswanathan, Practicing Company Secretary of S. N. Ananthasubramanian Ms. Ashwini Vartak, Practicing Company Secretary of S. N. Ananthasubramanian & Scrutinizer Ms. Akanksha Bansode, representative of Link Intime India Private Limited, RTA
In Attendance:
Ms. Sonam Gupta, Company Secretary & Compliance Officer
| DETAILS OF THE PROCEEDINGS OF THE MEETING | ||
| Sr. No. |
Particulars | Details |
| 1. | Date of the AGM | Thursday, August 08, 2024, at 11.00 a.m. |
| 2. | Total number of shareholders as of Cut-off date |
1,85,028 (As of Cut–off date i.e. August 01, 2024) |
| 3. | No. of Shareholders present in the meeting either in person or through proxy: Promoters and Promoter Group: Public: |
Not Applicable |
| 4. | No. of Shareholders attended the meeting through Video Conferencing: Promoters and Promoter Group: Public: |
3 66 |
idea Forge Technology Limited
(Formerly ideaForge Technology Private Limited)
EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007 Email: [email protected] CIN No. U31401MH2007PLC167669
www.ideaforgetech.com
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Mr. Srikanth Velamakanni, Chairman of the Board, chaired the Meeting. He welcomed all the Members present at the 17[th] Annual General Meeting of the Company. The Chairman then welcomed all the Directors and introduced them to the Members. The Chairman informed that Ms. Sutapa Banerjee, Independent Director of the Company has submitted her Leave of Absence stating her inability to attend the AGM due to some prior commitments.
He then informed that Mr. Vipul Joshi, Chief Financial Officer and Ms. Sonam Gupta, Company Secretary and Compliance Officer were present at the meeting.
The respective Chairpersons of the Audit Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee and Risk Management Committee were present at the AGM. The representatives of the Company’s Statutory Auditors and Secretarial Auditors were also present at the Meeting through VC. The requisite quorum being present, the Chairman called the Meeting to order.
The Company Secretary then informed that the Company had engaged the services of National Securities Depository Limited (NSDL) for providing facility for dispatching Annual Reports and Notices electronically to the requisite shareholders, hosting this AGM through Video Conferencing facility and providing remote e-voting facility. The Chairman, further informed the members that in compliance with the provisions of the Companies Act, 2013/MCA and SEBI Circulars, the Company had provided the facility to exercise their right to vote on the business items to be transacted at the 17[th] Annual General Meeting, by way of remote e-voting, between Monday, August 05, 2024, starting at 9.00 a.m. and ending at 5.00 p.m. on Wednesday, August 08, 2024, in proportion to their shareholding, as on the cut-off date i.e. Thursday, August 01, 2024. The Company had taken all the requisite steps to enable Members to participate and vote on the items of businesses considered at the AGM.
The Company Secretary informed the members that since holding of general meetings under the framework of VC/OAVM, where physical attendance of members has been dispensed with, there was no requirement of appointment of proxies. Accordingly, the facility for appointment of proxies by members was not available for this meeting. The members were further informed that the e Statutory Registers and documents referred to in the AGM Notice including the certificate from the secretarial auditors of the Company relating to the implementation of the Company’s ESOP schemes are available electronically for inspection by the Members during the AGM.
The Company Secretary further informed that the Members who were present at the AGM but had not cast their votes earlier through remote e-voting, may cast their vote during the AGM and explained the process of e-voting on the Resolutions during the meeting through the NSDL e-voting website She further informed that the Board of Directors has appointed Ms. Ashwini Vartak, Practicing Company Secretary of S. N. Ananthasubramanian & Co., as the Scrutinizer to conduct this and scrutinize the e-voting process.
The Chairman then addressed the Members and thanked them for placing their invaluable faith in the Company. In his speech, the Chairman highlighted that the Statutory Auditors’ Report and Secretarial Auditor’s Report did not contain any qualifications, other reservations, adverse remarks or disclaimers and accordingly it is not required to be read. He informed that there are in total 7
idea Forge Technology Limited (Formerly ideaForge Technology Private Limited) EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007 Email: [email protected] CIN No. U31401MH2007PLC167669
www.ideaforgetech.com
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(seven) Resolutions proposed to be passed in this AGM and the same formed part of the Notice. He further informed that the notice convening the meeting including explanatory statement was already circulated to the Members and the resolutions have been put to vote through remote e– voting. With the consent of the members, he takes the notice as read and the resolutions were not required to be proposed and seconded.
The Chairman, thereafter, requested Mr. Ankit Mehta, CEO and Whole-time Director to apprise the Members on the operations and corporate developments during the financial year 2023-24.
The Company Secretary then call upon the registered speakers, one by one, to ask their questions. After all the questions were heard, the Chairman requested Mr. Ankit Mehta to respond to the queries raised by them.
The Chairman thanked the Members for their continuous support and for attending the 17[th] Annual General Meeting and requested the Members to cast their votes who had not voted earlier in the next 15 minutes. The Chairman authorized the Scrutinizer to submit their report on the combined results of remote e-voting and e-voting during the meeting to the CEO & Whole-time Director or the Company Secretary and the same will be available on the websites of the Company, NSDL and Stock Exchanges.
The Meeting concluded at 12.35 p.m.
Thanking you, For ideaForge Technology Limited SONAM Digitally signed by SONAM DILIPKUMAR DILIPKUMAR GUPTA Date: 2024.08.08 16:56:55 GUPTA +05'30' Sonam Gupta Company Secretary & Compliance Officer Membership No. A53881
idea Forge Technology Limited (Formerly ideaForge Technology Private Limited) EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007 Email: [email protected] CIN No. U31401MH2007PLC167669