IFB Industries Limited — AGM Information 2021

Aug 7, 2021

IFB Industries Limited

Corporate Office

Plot No.-IND-5, Sector-1 East Kolkata Township, Kolkata - 700 107 Telephone: (91) (33) 39849475/9524 Fax: (91) (33) 39849676 Web: www.ifbindustries.com

6th August, 2021

The Manager Department of Corporate Services Bombay Stock Exchange Ltd, Phiroze Jecjeebhoy Towers Dalal Street, Mumbai-400001

The Manager The National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No-C/1, G Block, Bandra Kurla Complex Mumbai -400051

The Secretary The Calcutta Stock Exchange Association Ltd. 7 Lyons Range Kolkata-700001

Dear Sir,

Sub: Sub: Disclosure under Regulation 30 of SEBI (LODR) Regulation 2015.

We enclose, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), a summary of the proceedings of the 45th Annual General Meeting ('AGM') of the Company held on 6th August, 2021.

We are also enclosing the report of the Scrutinizer on remote e-voting and e-voting during the AGM in the prescribed format in terms of Regulation 44(3) of the Listing Regulations.

This is for your kind information and records.

Thanking you,

Yours faithfully For IFB INDUSTRIES LIMITED

GRanchousling

G Ray Chowdhury (Company Secretary)

Encl: As above

OF THE PROCEEDI NGS OF THE 45TH NUAL GENERAL M ING OF THE ME BERS OF SUM LIMITED HE D ON FRIDAY. UST 5. 2O2L AT A.M THRO H VIDEO IFB IN RI ES CONFEREN CING ('VC'I/OTHER AUDIO.VISUAL MEANS {'oAVM'l

nilll

The 45th Annual General Meeting (AGM) of the Members of IFB lndustries Limited ('the Company') was held on Friday, August 6,2021,at 10.30 a.m. (lST) 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 lndia ('SEBI'). Mr' Goutam Ray Chowdhury, Company Secretary, welcomed the Members to the Meeting and briefed them on details relating to their participation at the Meeting through audio visual means'

The Company Secretary informed that Mr. Bijon Nag, Chairman of the Company couldn't chair the meeting due to traffic congestion on his way to coming office at Goa factory and Mr. Bikramjit Nag, Joint Executive Chairman and Managing Director also couldn't participate in the meeting due to the same reason. They will join in the meeting shortly. The Company Secretary further requested Dr' Rathindra Nath Mitra to chair the Meeting with the consent of members and Directors present in the meeting. The Chairman welcomed the shareholders in the Meeting and as requisite quorum was present, called the Meeting to order. Total shareholder attended AG M through NSDL e voting platform 70.

The Chairman welcomed the Directors present at the Meeting through VC from their respective locations and requested them to introduce themselves to the Members.

The Chairman informed the Members that Mr. Abhijit Bandyopadhyay, Partner of Deloitte Haskins & Sells, Chartered Accountants, Statutory Auditors and Secretarial Auditors and 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 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 details of authorized representations received from corporate shareholders were informed to the Members. 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.

With the consent of the Members present, the Notice convening the AGM and the Auditor's Report for the year ended March 3I,2021. were taken as read. There were no qualifications, observations or adverse remarks in the Statutory and Secretarial Auditor's Reports.

The Chairman also briefed the members about macro-economic situation, Company's performance for the Financial year 2O20-2L.

At this point Mr. Bijon Nag, Chairman of the Company and Mr. Bikramjit Nag, Joint Executive Chairman and Managing Director joined in the meeting through VC from GOA. Dr. Mitra handed over the proceedings to Mr. Bijon Nag

ln terms of the Notice dated June 14,2021" convening the 45th AGM of the Company, the following Ordinary and Special businesses were transacted at the Meeting through remote e-voting.

1. To receive, consider and adopt the audited standalone financial statements of the company fortheyearended3lMarch202]",thestatementofprofitandlossfortheyearendedonthat dateandthereportsoftheBoardofDirectorsandAuditorsthereon.

nilB

• 1. To receive, consider and adopt Audited consolidated financial statements for the year ended 3l,st March 2O2I andthe report of the Auditors thereon'
• 3.ReappointmentofDirectorinplaceofMr.PrabirChatterjee(DIN:026625LL)asdirector who retires by rotation and being eligible seeks re- appointment'
• 1. Approval of the appointment of Mr. Partha sen I DIN: A7547244) )as Managing Director & CEO of Engineering Division for a period of five years'
• 1. Approval of the appointment of Mr. Rajshankar Ray [DIN: 03498696) as Managing Director&CEoofAppliancesDivisionforaperiodoffiveyears'
• 1. Approval of the appointment of Mr. Amar Singh Negi [DIN: 008941850) as Executive DirectorServiceBusinessHeadforaperiodoffiveyears.
• 1. Approval of the remuneration of Mr. Prabir chatterjee [DIN: 0266251'L), Whole-time Director and CFO of the ComPanY'
• 1. Approval of the reappointment of Mr. Ashok Bhandari [DIN : 00012210)' Independent Director of the company for second tenn of five consecutive years'
• 1. Approval of the appointntent of Mr' Desh Raj Dogra IDIN : AA226775) as Independent Director for a Period ofone Year'
• 1. Approval of the appointment of Mr. Biswadip Gupta [DIN: 00048258) as Independent Director for a Period of one Year'
• L1. Approval of the remuneration payable to M/s. Mani & co., cost auditor.

Members present at the Meeting were given an opportunity to ask questions and seek clarification(s)' Mr. Bikramjlt Nag, JEC & MD appropriately responded to the questions raised by Speaker Shareholders.

Post the question and answer session, the Chairman authorized Mr. G Ray Chowdhury to carry out the e-voting process, The chairman further informed the Members that the consolidated voting results 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.ifbindustries.com and the National Securities Depository Limited at www.evoting@nsdl.com within two working days 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 for joining the Meeting virtually' The evoting facility was kept open for the next 15 minutes to enable the Members to cast their vote' The meeting ended with a vote of thanks to the Chair'

The Meeting concluded at 11.45 a.m.

post the conclusion of the remote e-voting, the Scrutinizers' report was received' All the Resolutions have been passed with requisite majority. This is for your information and records'

Date of AGM	06.08.2021
Total number of shareholders on record date:(being the cut-off date for determiningshareholders entitled to vote - 30 July, 2021)	29289
No. of Shareholders attended the meetingthrough Video Conferencing:
Promoters and Promoter Group:	15
Public:	67

45th Annual General Meeting of IFB Industries Limited - details of voting results

Agenda-wise disclosure

Ordinary Business

1. To receive, consider and adopt the audited standalone financial statements of the company for the year ended 31 March 2021, the statement of profit and loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon.

				Total Vote Cast				Votes In favour				Votes Against
					l% on Total I				1% on Total				% on Total
CATEGORY	TOTAL		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	Total	C3 Outstanding
	HOLDING	e-Voting A1	A 2	$(A1+A2)$	lg Shares	le-Voting B1	B 2	$(B1+B2)$	Shares	C1	C2	$(C1+C2)$	IShares
Promoter /Promoter Group	30373199	30373199		30373199	100.00	30373199		30373199	100.00				0.00
Public -Institution	3978863	828590		828590	20.82	828590		828590	100.00				0.00
Public-Non Institution	6166734	142152		142152	2.31	142027		142027	99.91	125		125	0.09
total	40518796	31343941		31343941	77.36	31343816		31343816	100.00	125		125	0.00

1. To receive, consider and adopt Audited Consolidated financial statements for the year ended 31 March 2021 and the report of the Auditors thereon.

				Total Vote Cast				Votes In favour				Votes Against
					% on Total				% on Total				% on Total
CATEGORY	TOTAL		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	Total	C3 Outstanding
	HOLDING	e-Voting A1	A 2	$(A1+A2)$	g Shares	e-Voting B1	B2	$(B1+B2)$	Shares	C1	C2	$(C1+C2)$	Shares
Promoter /Promoter Group	30373199	30373199		30373199	100.00	303731991	01	30373199	100.00				0.00
Public -Institution	3978863	828590	0	828590	20.82	828590		828590	100.00				0.00
Public-Non Institution	6166734	141645		141645	2.30	141520		141520	99.91	125		125	0.09
total	40518796	313434341		31343434	77.36	31343309		31343309	100.00	125		125	0.00

1. Re appointment of Director in place of Mr. Prabir Chatterjee (DIN: 02662511) as director who retires by rotation and being eligible seeks re- appointment.

				Total Vote Cast				Votes In favour				Votes Against
					% on Total				I% on Total				% on Total
CATEGORY	Itotal		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	Total	C3 Outstanding
	IHOLDING	e-Voting A1	A2	(A1+A2)	g Shares	e-Voting B1	B2	$(B1+B2)$	Shares		C2	$(C1+C2)$	Shares
Promoter / Promoter Group	30373199	30373199		30373199	100.00	30373199		30373199	100.00			01	0.00
Public - Institution	3978863	828590	01	828590	20.82	758937		758937	91.59	69653		69653	8.41
Public-Non Institution	6166734	142145	01	142145	2.31	141168		141168	99.31	977		977	0.69
TOTAL	40518796	31343934	01	31343934	77.36	31273304		31273304	99,77	70630		70630	0.23

Special Business

1. Approval of the appointment of Mr. Partha Sen (DIN: 07547244) ) as Managing Director & CEO of Engineering Division for a period of five years

				Total Vote Cast				Votes In favour				Votes Against
					% on Total				l% on Total				% on Total
CATEGORY	TOTAL		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	Total	C3 Outstanding
	IHOLDING	e-Voting A1	A2	$(A1+A2)$	g Shares	le-Voting B1	B 2	$(B1 + B2)$	Shares		a	$(C1+C2)$	Shares
Promoter / Promoter Group	30373199	30373199		30373199	100.00	30373199	۵I	30373199	100.00				0.00
Public Institution	3978863	828590		828590	20.82	758937		758937	91.59	69653		69653	8.41
Public-Non Institution	6166734	142145	01	142145	2.31	141209		141209	99.34	936		936	0.66
TOTAL	40518796	31343934		31343934	77,36	31273345		31273345	99.77	70589		70589	0.23

1. Approval of the appointment of Mr. Rajshankar Ray (DIN: 03498696) as Managing Director & CEO of Appliances Division for a period of five years

				Total Vote Cast				Votes In favour				Votes Against
CATEGORY					l% on Total				I% on Total				% on Total
	TOTAL		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	Total	C3 Outstanding
	HOLDING	e-Voting A1	A2	(A1+A2)	lg Shares	e-Voting B1	Β2	$(B1+B2)$	Shares	C1	C2	$(C1+C2)$	Shares
Promoter /Promoter Group	30373199	30373199		30373199	100.00	30373199	ΩI	30373199	100.00				0.00
Public-Institution	3978863	828590	٥I	828590	20.82	755941		755941	91.23	726491		72649	8.77
Public-Non Institution	6166734	142145		142145	2.31	141409		141409	99.48	7361		736	0.52
TOTAL	40518796	31343934		31343934	77,36	31270549		31270549	99,77	73385		73385	0.23

1. Approval of the appointment of Mr. Amar Singh Negi IDIN: 008941850) as Executive Director Service Business l{ead for a period of five years

				Total Vote Cast				Votes ln favour				Votes Against
					% onTotal				% on Total				on Total
CATEGORY			Ballot	TotalA3	0uhlandin		Ballot	Total 83	0utstanding	e-Voiing	Ballot	Total	0utstanding
	HOLDIN6	e-Voting A1	A2	(A1+A2)	g Shares	e.Voting B1	B2	(81+82)	Shares	ci	c2	(cl+c2)
		303731$	0	30373199	100.0c	30373199	0	30373199	100,00	0	0	0	0,00
Promoter /Ptomoier GrouP	30373199							755941	91.23	72649	0	72649	8.77
Public-lnstitution	3978863	828$0	0	828s90	20,82	755941	0
PublirNon lnstitution	5156734	142145	c	142145	2,31	141269	0	14i259	99,38	876	0	876	0,52
TOTAI	40s18i96	31343934	0	3134$34	71,36	31270409	I	31270409	99.11	73525	0	i3s25	0,23

7 Approval of the remuneration of Mr. Prabir Chatterjee [DIN: 026625LI), Whole-time Director and CFO of the ComPanY

				Total Vote Cast				Votes ln favour				Votes Against
					% onTotal				% on Total				% onTotal
CATEGORY	TOTAL		Ballot	Total A3	0utstandin		Ballot	Total 83	0utstanding	e.Voting	Ballot	Total	0utstanding
	ING	e.Voting A1	M	(A1+A2)	g Shares	e.Voting 81	82	(81+82)	Shaes	c1	c2	{c1+c2)	Shares
Promoter /Ptomoter GrouP	30373199	30373199	0	30373199	100,00	303731$	0	30373199	100,00	0	0	0	0,00
Public .lnstitution	$78853	82859[	0	82$90	20,82	812679	0	812579	98,08	15911	c	1$11	1,92
Public-Non lnstitution	6166734	142145	0	142145	2,31	141168	c	141158	$,31	9n		977	0,59
TOTAI	40518796	31343934	0	31343$4	7i,35	31327046	{	31327045	$,95	1588t	0	15888	0,05

1. Approval of the reappointment of Mr. Ashok Bhanclari IDIN : 0001221'0), Independent Director of the company for second term of five consecutive years

				Total Vote Cast				Votes ln favour				Votes Against
					% on Total				% on Total				% on Total
CATEGORY			Ballot	TolalA3	0utstandin		Ballot	Total 83	0utstanding	e-Voting	Ballot	Total C3	0utstanding
	TOTALHOLDING	e-Voting A1	A2	(A1+A2)	g Shares	e"Voling B1	B2	(81+82)	Shares	c1	a	(c1+c4	Shares
	30373199	30373199	0	30373199	100,00	30373199	0	303i3199	100.00	0	0	0	0,00
Promoter /Promoter GrouP			0	828590	20.82	766946	0	755946	92,56	51644	0	51644	7.44
Public -lnstitution	3978853	828s90			2.31	141298	0	141298	99.40	84i	0	84i	0.50
Public-Non lnstitution	6165734	t42145	0	142145								62491	0,20
TOTAI	40s18796	31343934	0	31343934	17.36	31281443	0	31281443	99.80	62491	0

1. Approval of the appointment of Mr. Desh Raj Dogra [DIN : 00226775) as Independent Director for a Period of one Year

				Total Vote Cast				Votes in favour				Votes Against
					% on Total				l% on Total				% on Total
CATEGORY	TOTAL		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	Total	C3 Outstanding
	IHOLDING	le-Voting A1	A 2	$(A1+A2)$	R Shares	e-Voting B1	B2	$ B1+B2\rangle$	Shares	C1	C2	$(C1+C2)$	Shares
				30373199	100.00	30373199		30373199	100.00	oı			0.00
Promoter /Promoter Group	30373199	30373199										u	0.00
Public -Institution	3978863	828590		828590	20.82	828590		828590	100.00
Public-Non Institution	6166734	142145		142145	2.31	141199		141199	99.33	946		946	0.67
						31342988		31342988	100.00	946		946	0.00
total	40518796	31343934		31343934	77.361

1. Approval of the appointment of Mr. Biswadip Gupta (DIN: 00048258) as Independent Director for a period of one year

				Total Vote Cast				Votes In favour				Votes Against
					% on Total				% on Total				l% on Total
CATEGORY	TOTAL		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	Total	C3 Outstanding
	HOLDING	le-Voting A1	A2	$(A1+A2)$	g Shares	e-Voting B1	82	$(B1+B2)$	Shares	C1	C2	$(C1+C2)$	Shares
Promoter / Promoter Group	30373199	30373199	OI	30373199	100.00	30373199		30373199	100.00				0.00
Public -Institution	3978863	828590		828590	20.82	828590		828590	100.00				0.00
	6166734	142145		142145	2.31	141209		141209	99.34	936		936	0.66
Public-Non InstitutionTOTAL	40518796	31343934		31343934	77.36	31342998		31342998	100.00	936		936	0.00

1. Approval of the remuneration payable to M/s. Mani & co., Cost Auditor.

				Total Vote Cast				Votes In favour				Votes Against
					% on Total				∣% on Total				% on Total
CATEGORY	ITOTAL		Ballot	Total	A3 Outstandin		Ballot	Total	B3 Outstanding	e-Voting	Ballot	[otal	C3 Outstanding
	HOLDING	e-Voting A1	A2	$(A1+A2)$	e Shares	e-Voting B1	82	$(B1+B2)$	Shares		C2	$(C1+C2)$	Shares
Promoter /Promoter Group	30373199	30373199		30373199	100.00	30373199		30373199	100.00				0.00
Public - Institution	3978863	828590		828590	20.82	828590		828590	100.00				0.00
Public-Non Institution	6166734	142145		142145	2.31	141719		141719	99.70	426		426	0.30
TOTAL	40518796	31343934		31343934	77.36	31343508		31343508	100.00	426		426	0.00

All the Resolutions for consideration at the 45th AGM in respect of the items set out in the Notice dated 14th June, 2021, have been passed by the Members by requisite majority through remote e-voting and e-voting during the AGM.

Patnaik & Patnaik Company Secretaries

7A, Bentinck Street, Suite No. 403, 4th Floor, Kolkata - 700 001 Phone: 033-22318702 / 40053904 E-mail: patnaikandpatnaik@yahoo.com

CONSOLIDATED REPORT OF SCRUTINIZER

[Pursuant to Section 108 of the Companies Act, 2013 and Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014, as amended]

T0

The Chairman, 45th Annual General Meeting of the Equity Shareholders of IFB Industries Limited held On August 6, 2021 at 10:30 a.m. through video conferencing/other audio visual means

Dear Sir,

Sub: Consolidated Scrutinizer's Report on remote e-voting and e-voting at 45th Annual General Meeting of IFB Industries Limited held on Friday, August 6, 2021 at 10:30 a.m. through video conferencing ("VC") / other audio visual means ("OAVM") conducted pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended by Companies (Management and Administration) Amendment Rules, 2015.

l, S. K. Patnaik, Partner of Patnaik & Patnaik, Practicing Company Secretaries, had been appointed as the Scrutinizer by the Board of Directors of IFB Industries Limited ("the Company") for the purpose of scrutinizing the process of voting through electronic means ("evoting") on the resolutions contained in the notice dated June 14, 2021 ("Notice") issued in accordance with General Circular No. 14/2020, 17/2020, 20/2020 and 2/2021 dated 8th April 2020, 13th April 2020, 5th May 2020 and 13th January 2021 respectively, issued by Ministry of Corporate Affairs ("MCA") (collectively referred to as "MCA Circulars") and SEBI circulars dated May 12, 2020 and January 15, 2021 (collectively referred to as "SEBI Circulars"), calling the 45th AGM of its Equity Shareholders ("the meeting"/"AGM") through VC/OAVM. The AGM was convened on Friday, August 6, 2021 at 10:30 a.m. IST through VC/OAVM.

The said appointment as scrutinizer is under the provisions of section 108 of the Companies Act, 2013 ("the Act") read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended ("the Rules"). As the scrutinizer, I have to scrutinize:

• a) Process of e-voting remotely, before the AGM, using an electronic voting system on the dates referred to in the Notice calling the AGM ("remote e-voting"); and
• b) Process of e-voting at the AGM through electronic voting system ("e-voting")

The compliance with the provisions of the Companies Act, 2013 and the rules made thereunder relating to voting through electronic means (by remote e-voting) and electronic voting (e-voting) at the AGM by the shareholders on the resolutions proposed in the Notice convening the 45th AGM of the Company is the responsibility of the management. My responsibility as a scrutinizer is to ensure that the voting process both through remote e-voting and e-voting at the AGM are conducted in a fair and transparent manner and render consolidated scrutinizer's report of the total votes cast in favour or against, if any, to the Chairman on the resolutions.

The notice dated June 14, 2021, convening the AGM, was sent to the shareholders in respect of the below mentioned resolutions to be passed at the AGM through electronic mode to those Members whose email addresses are registered with the Company / Depositories, in compliance with the MCA Circulars dated May 5, 2020 and January 13, 2021 read with circulars dated April 8, 2020 and April 13, 2020 (collectively referred to as "MCA Circulars") and SEBI circulars dated May 12, 2020 and January 15, 2021.

The Company had availed the e-voting facility offered by National Securities Depository Limited (NSDL) for both e-voting prior to the AGM (remove e-voting) and voting at the AGM by electronic means (e-voting) by the shareholders of the Company.

In accordance with the notice of the 45th AGM and the 'Advertisement' published pursuant to Rule $20(4)(v)$ of the Companies (Management and Administration) Rules, $2014$ (Amendment Rules, 2015) on July 15, 2021, the voting period for remote e-voting commenced on Tuesday, August 3, 2021 (9:00 a.m. IST) and ended on Thursday, August 5, 2021 (5:00 p.m. IST) and the NSDL e-voting platform was disabled thereafter.

The Company had also provided e-voting facility to the shareholders present at the AGM through VC/OAVM. The names of the shareholders who had voted by remote e-voting through the facility provided by NSDL had been blocked and only those members who were present at the AGM through VC and who had not voted on remote e-voting were allowed to cast their votes through e-voting system during the AGM.

The shareholders of the Company holding shares as on the "cut-off" date of Friday, July 30, 2021 were entitled to vote on the resolutions as contained in the Notice of the AGM.

After closure of e-voting at the AGM, the votes cast through e-voting at the AGM and through remote e-voting prior to the date of AGM were unblocked and downloaded from the e-voting website of National Securities Depository Limited (https://www.evoting.nsdl.com). The evoting data/results downloaded from the e-voting system of NSDL were scrutinized and reviewed, the votes were counted, and the results were prepared.

I submit herewith the consolidated scrutinizer's report on the result of the remote e-voting and e-voting at the AGM, based on the reports downloaded from NSDL e-voting system as under:-

Ordinary Business

(a) Resolution No. 1: (Ordinary Resolution)

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended March 31, 2021, including the audited Balance Sheet as at March 31, 2021, the statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon.

(i) Voted in favour of the resolution:

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast
$5^{\circ}$	31343816	100.

(ii) Voted against the resolution:

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast

(iii) Invalid votes:

Number of members whose	Number of invalid votes cast by
votes were declared invalid	them

(b) Resolution No. 2: (Ordinary Resolution)

To receive, consider and adopt Audited Consolidated Financial Statements of the Company for the year ended March 31, 2021 and the Report of the Auditors thereon.

(i) Voted in favour of the resolution:

Number of members voted	Number of valid votes cast bythem.	% of total number of validvotes cast
. 50	1343309

(ii) Voted against the resolution:

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast

(iii) Invalid votes:

Number of members whose	Number of invalid votes cast by
votes were declared invalid	them

(c) Resolution No.3: (Ordinary Resolution)

To appoilt a clirector in place of Mr. Prabir Chatteriee (DIN: 026625LI1, whu retires by rutation and being eligible, offers himself for re-appointment as a Director.

(i) Voted in favour of the resolution:

Number of rnetnbcrs votecl	Number of valicl votcs crrst bYthcur	o/o of total nurrrber of validvotes cast
1.17	31273304	99.775

(ii) Votee{ against tlre resolutiotrl

Nunrber of memtrers voted	Nunrbcr of valicl votcs cast bythcm	% of total nunber of validvotes cast
16	70630	0.225

(iii) lnvalid votes:

Nurrber af menrbels rvhose	Nurlbe r of invaliel vntes cast by
votes wcre tleclaret{ invalid	then'r

$pecial BusiLLglg

(d) Resolution No. 4: (Special Resolution)

To appoint Mr. Paltha Sen (DIN: A75472Mr, as Managing Director & CEO of Engineerlng f)ivision of the Company.

(i) Voted in favour of tlre resolution:

Nunrber of menrbers voteel	Nrrnrbe r of valid votcs c*st bythcnr	% of total number of validvotes cast
138	3127:1345	99.775

(ii) Vtrteti against thc' resolution:

Nuurber of Drembers voted	Nunrber of valid votes cast bytheru	% of total number of valic{votes cast
15	70589	o.225

(iii) tnvalid votes:

Nuurtrer of menrbers whosevotes were cleclarccl invalirl	Nur:rlrcr of invalici vctes cast byt{te nt

(e) Resolution No.5: (Ordinary t{esolution)

To appoint Mr. Rajshankar Ray (DIN: 03498696), as Managing Director and cEo of Appliances Division of the Ccmpany.

(i) Votecl in favour of tht: rtlsollttiorr:

Nurnlrer ol mcmlrcrs votcd	Numltct'of vi,llid vt-rtt:s r.:ast bythem	% oi tot,rl nunrbcr of valieivotes cttst
138	3t270549	99.767

(ii) Votcd against the rcsolutiorr

Nunrbel of ntcrnlrcrs voterl	Nu ntrul' erf valiel votcs cast lrytharrt	']; tlf total trumber of valitlvotes cast
15	73385	0.233

(iii) lnvalid vott's

Ntrnrber of nrenrbers whose	Nunrirer oi invaliil votes cost bv'
votes wert' decl,rrcd invalid	thettl

(f) Resolution No.6: (Ordinary l(esolution)

Tg appoint Mr. Amar Singh Negi (DIN: 008941850), as lixecutive Director-Service Business l{ead of the Company.

(i) Vottrd in favour of tlrc-' resolution:

Nunrlrer of membcrs votcd	Nr"rnrtrer ol vnlid votcs cast l-rythcnr	ii' of total nutnber ol'validvotes cast
138	31270409	99.765

(ii) Voted against tlrc rcsoli"rliorr;

Nunrbcr oli nrctnbcrs votccl	Nrrruber ol v.rlicl votr:s cast bt'thernr	% of total nunrbcr of validvotes cast
15	73525	0.235

(iii) lnvalid vohs:

Numlrer of nretnbsrs rtlrose	Numl,l;l of irrvalid votes cast by
votes we rc cleclareltl invalid	therrt

(g) Resolution No. 7: (Ordinary Resolution)

To approve the increase in remuneration paid/payable to Mr. Prabir Chatterjee (DIN: 02662511), Whole-time Director and CFO of the Company.

(i) Voted in favour of the resolution:

Number of members voted	Number of valid votes cast bythem.	% of total number of validvotes cast
	31327046	99.946

(ii) Voted against the resolution:

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast

(iii) Invalid votes:

Number of members whose	Number of invalid votes cast by
votes were declared invalid	them.

(h) Resolution No. 8: (Special Resolution)

To re-appoint Mr. Ashok Bhandari (DIN: 00012210), as Independent Director of the Company.

(i) Voted in favour of the resolution:

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast
	31281443	99.800

(ii) Voted against the resolution:

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast
	62491

(iii) Invalid votes:

Number of members whose	Number of invalid votes cast by
votes were declared invalid	them.

(i) Resolution No. 9: (Ordirrary Resolution)

To appoint Mr. Desh Rai Dogra (DIN: 00226775), as [ndcpendent f)irector of the Company.

(i) Voted in favour of the resolution:

Nunrber of nre nrbr:rs votccl	Nunrbcr r.rl'valicl votcs c.rst bythent	% trf total rrunrbcr of vnlirivotes cast
l.16	3 r342988	100

{ii) Voted against thc resolutiorr:

Number of menrl.urs votecl	Nurnbcr ol valid votes cnst lrytlre nt	91, of ttrtal nurrrbet of valiclvotes cast
	9;16

(iii) lnvalid vott.s:

Number of nremhers whosevcltes wr:rc <icclareci i.rrvalirl<="" th="">Nunrbtr rrf invalid votes cast bythqnr	Nunrbtr rrf invalid votes cast bythqnr

(i) Resolution No. 10: (Ordinary Resolution)

To appoint Mr. Iliswadip Cupta (IJIN:000411258), as lndependent Director of the Company

{i) Voted in favaul ol'tlre rt:solution;

NunTber of rnenrbers votecl	Numbcr of valiti votr.s cast bythenr	9{' of total rrumber of validvotes cast
I*16	il 342998	100

(ii) Voted against llrt: resolution

Nunrbgr t:f rreIrlbcrs rroted	Nunrbcr of varlid votes cirst bythcnr	Y0 of total numbcr of validvotes cast
	936	t)

(iii)Invalid votcs:

Number of members whose	Nunrlrer r;f invalirl votes cast by
votes lvere declared invalir{	tlronr

(k) Resolution No. 11: (Ordinary Resolution)

To ratify the Remuneration of the Cost Accountant.

(i) Voted in favour of the resolution:

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast
48	31343508	100

(ii) Voted against the resolutions

Number of members voted	Number of valid votes cast bythem	% of total number of validvotes cast

(iii) Invalid votes:

Number of members whose	Number of invalid votes cast by
votes were declared invalid	them

Thanking You,

Yours faithfully, For Patnaik & Patnaik Company Secretaries

S. K. Patnaik Partner FCS No.: 5699 C.P. No.:7117

UDIN: F005699C000746197

Place: Kolkata Date: August 6, 2021