IFCI Ltd. — AGM Information 2019

Oct 30, 2019

• IFCI LIMITED 3410 5 * 311 t fei fih3 (A GoarnM10 hta Up .n91

No./IFCI/26th AGM/2019- 9 uZ.

October 30, 2019

The BSE Ltd.

Department of Corporate Services Phiroze Jeejeebhoy Tower Dalal Street, Fort Mumbai — 400001

CODE: 500106

Dear Sir/Madam,

Sub:- Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the proceedings of the 26[th] Annual General Meeting (AGM) of the Members of the Company, held on October 30, 2019.

Kindly acknowledge receipt.

Thanking you,

Yours faithfully, For IFCI Limited

(Rupa Sarkar) Company Secretary

Encl.: As above.

IFCI Limited

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3 *MRNn M7, 61 4Fn Ft2T. t *. t - 110 019 tVTI4: +91-11-4173 2000, 4179 280 : +91-11-2623 0201. 2648 8471

d.e1I c: www.ifciltd.com

43 1.frr : L74899DL1993GO1053677

Regd. Office:

IFCI Tower, 61 Nehru Place, New Delhi - 110 019 Phone: +91-4173 2000, 4179 2800 Fax: +91-11-2623 0201, 2648 8471 Website: www.ifciltd.com CIN: L74899DL1993G01053677

In Development of the Nation since 1948

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PROCEEDINGS OF THE 26[TH] ANNUAL GENERAL MEETING OF IFCI LIMITED HELD ON WEDNESDAY, OCTOBER 30, 2019

The 26[th] Annual General Meeting (AGM) of IFCI Limited (IFCI) was held on Wednesday, October 30, 2019 at 10:30 A.M. at Auditorium, 1[1t ] Floor, IFCI Tower, 61 Nehru Place, New Delhi — 110019 to transact the Ordinary and Special Business as contained in the Notice dated June 24, 2019.

In terms of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the proceedings of 26[th ] AGM of IFCI were as under:

1. Dr. Emandi Sankara Rao, MD & CEO was elected to Chair the Meeting.

2. At the outset, the Chairman extended a warm welcome to the shareholders at the 26[th ] AGM of IFCI and confirmed the presence of requisite quorum. The Chairman also welcomed others sitting on the dais and informed the Members, of the Directors who could not attend the AGM due to some exigencies.

3. Prof. Arvind Sahay being the Chairman of the Audit Committee and Member of the Nomination and Remuneration Committee represented these Committees to answer any query of the shareholders. Ms. Kiran Sandev, Chairperson of Stakeholders' Relationship Committee nominated Dr. Emandi Sankara Rao, Member of Stakeholders' Relationship Committee to attend AGM on her behalf.

4. Thereafter, as requested by the Chairman, Company Secretary read out the observations / comments in Auditor's Report as mentioned in the Board's Report forming part of the Annual Report for the Financial Year 2018-19.

5. The Chairman stated that in compliance with the Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Company had made requisite arrangements for remote e-voting. The remote e-voting has already been concluded as per the timelines mentioned in the Notice. The Chairman then informed that M/s. Sanjay Grover & Associates, Practicing Company Secretaries had been appointed as the Scrutinizer to scrutinize the process of remote e-voting and voting through Poll process.

6. The Chairman informed the objectives and implications of all items of business to be transacted at the AGM and invited any query / clarification on any agenda item stated in the notice in writing on the query slips as provided to the Members present in the Meeting. Some of the Members sought answers to their queries w.r.t. financial performance of the Company, future strategy on way forward etc., the same were suitably answered by the Chairman.

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1. The Members were requested to cast their votes on the Ballot papers provided to them and drop the ballot papers in the Ballot Boxes kept for the purpose. The items of agenda transacted at the Meeting were as follows:-

	ItemNo.	Business	Resolution
	OrdinaryBusiness
	1	Adoption of the Audited Financial Statements andConsolidated Financial Statements of the Companyfor the Financial Year ended March 31, 2019 and thereports of the Auditors'and Boards'thereon.	Ordinary
	2	ConfirmationofthedividendalreadypaidonPreference Shares as Final Dividend.	Ordinary
	3	AppointmentofaDirectorinplaceofProf.	Ordinary
		Narayanaswamy Balakrishnan (DIN: 00181842) whoretires by rotation at this Annual General Meeting andbeing eligible, offers himself for re-appointment.
	4	To fix remuneration of the Statutory Auditor(s) of theCompany in terms of the provisions of Section 139(5)and 142 of the Com anies Act 2013.	Ordinary
	**Special **	Business
	5	Authorisation to the Board of Directors for makingoffer(s)or invitationtosubscribe tosecurities,includingbutnotlimitedtobondsandnon-convertible debentures, by way of private placementin one or more tranches, up to an amount notexceeding25000 crore.	Special

1. The Chairman informed the Members that the result of the Poll, aggregated with the result of the remote e-voting will be placed on the website of the Company and on the website of Central Depository Services (India) Limited (CDSL), being the agency appointed for e-voting process, by 10:30 a.m., Friday, November 01, 2019 and the results will be submitted to BSE Limited and National Stock Exchange of India Limited. The result will also be displayed on the Notice Board of the Company at its Registered Office.

2. The Chairman then thanked the Members and declared the Meeting as concluded at 11:12 A.M.