IFCI Ltd. — Declaration of Voting Results & Voting Rights Announcements 2021

Apr 22, 2021

No. IFCl/CS/2021-2i1h April 22, 2021

BSE Limited

Department of Corporate Services Phiroze kekebhoy Tower Dalai Street, Fort Murnbai — 400 001

CODE: 500106

Dear Sir/Madam,

Subject: Disclosure of Voting Results and Consolidated Scrutinizer's Report of the Extra-Ordinary General Meeting of the Company held on April 22, 2021

Pursuant to the provisions of Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Consolidated Scrutinizer's Report and the Voting Results of the Extra-Ordinary General Meeting of the Company held on April 22, 2021.

This is for your information and record.

Thanking you

For IFCI Limited

Encl.: As Above

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itarq-a- epigram, au .9&31T 3147, 61 Ie 14-M1 - 110 019 WM +91-11-4173 2000, 4179 2800 8T: +91-11-2623 0201, 2648 8471 www,ifci[td.com 7131r4Eff: L74899DL1993G01053677

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XECI Limited 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: L74899D41993G01053677

In Development of the Nation since 1948

SANJAY GR VER & ASSOCIATES COMPANY SECRETARIES

B-88,1 91Floor, Defence Colony, New Delhi — 110 024 Tel.; (011) 4679 0000, Fax: (011) 4679 0012 email: contact@cssanjaygrover.in Website: www.cssanlaygrovor.in

Consolidated Scrutinizer's Report

[Pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 read with General Circular Nos. 14/2020 dated April 08, 2020, 17/2020 dated April 13, 2020, 22/2020 dated June 15, 2020, 33/2020 dated September 28, 2020 and 39/ 2020 dated December 31, 2020, issued by the Ministry of Corporate Affairs and circular dated May 12, 2020 and January 15, 2021 issued by the Securities and"Exchange Board of India respectively]

To, The Chairman IFCI LIMITED (UN: L74899DL1993001053677) IFCI Tower, 61 Nehru Place, New Delhi- 110019

Dear Sir,

I, Devesh Kumar Vasisht, Partner of M/s Sanjay Grover & Associates, Practicing Company Secretaries having office at B-88, First Floor, Defence Colony, New Delhi7110024, was appointed as "Scrutinizer" by the Board of Directors of IFC1 Limited (`the company') for the purpose of scrutinizing the voting process, i.e. Remote e-voting and e-voting at Extraordinary General Meeting (EGM) under the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended from time to time) and General Circular Nos. 14/2020 dated April 08, 2020, 17/2020 dated April 13, 2020, 22/2020 dated June 15, 2020 and 33/2020 dated September 28, 2020 and 39/ 2020 dated December 31, 2020 , issued by the Ministry of Corporate Affairs and circular dated May 12, 2020 and January 15, 2021 issued by the Securities and Exchange Board of India

Page 1 of 5

(Collectively the 'circulars') on the resolution mentioned in Notice dated March 23, 2021 ('EGM Notice') for the EGM of the Company held on Thursday, April 22, 2021 at 11:30 A.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility at Auditorium, First Floor, IFCI Tower, 61 Nehru Place, New Delhi-110019.

I submit my report as under:-

• 1. The Management of the Company is responsible to ensure the compliance with the requirements of the Companies Act, 2013 and Rules thereof including Circulars in respect of the resolution contained in the EGM Notice and providing proper facility for EGM. Our responsibilities as scrutinizers is restricted to make a consolidated scrutinizer's report of the votes cast 'For or 'Against' the resolution stated in the EGM Notice
• 1. The remote e-voting period commenced on Monday, April 19, 2021 at 09:00 A.M. and ended on Wednesday, April 21, 2021 at 05:00 P.M. via remote e-voting platform on the designated website of CDSL at www.evotincindia.com . CDSL was the Agency appointed to provide facilities for remote e-voting and voting at the EGM (Venue Voting). The Company had also provided e-voting facility to the Members who had attended the Meeting through VC/OAVM to cast their votes, in case they had not cast their votes earlier through remote e-voting.
• 1. The Members of the Company as on the "cut off" date i.e. Thursday, April 15, 2021, were entitled to vote on the proposed resolution as set out in the EGM Notice.
• 1. The total paid up Equity Share Capital of the Company as on April 15, 2021 was Rs. 18,95,99,30,920 (Rupees One Thousand Eight Hundred Ninety Five Crores Ninety Nine Lakhs Thirty Thousand Nine Hundred Twenty only) divided into 1,89,59,93,092 (One Hundred Eighty Nine Crores Fifty Nine Lakhs Ninety Three Thousand Ninety Two) equity shares of Rs. 10/- (Rupees Ten Only) each.
• 1. After completion of e-voting at the EGM, the votes cast by the members through e-voting at EGM (venue voting) and votes casted through Remote e-voting were unblocked in the presence of two witnesses, Mr. Gaurav Arora and Mr. Vivek Kumar who were not in the employment of the Company.

Page 2 of 5

• 1. The data of e-voting were diligently scrutinized and reconciled with the records maintained by the RTA of the Company. Detailed registers were maintained containing the summary of results of Remote e-voting and e-voting at EGM (venue voting).
• 1. The shareholders exercised their voting rights either by remote e-voting or e-voting at EGM (venue voting). There was no shareholder who opted for both facility (i.e. remote e-voting and e-voting at EGM).
• 1. The consolidated summary of results of e-voting at the EGM and remote e-voting are as under:

Resolutions No. 1 - Issue of equity shares aggregating upto D200 crore by way of preferential allotment to Government of India (G01).

Special Resolution
	Number of Valid Votes
Particulars	e-voting atEGM (venuevoting)	Remote eTotalvoting		Percentage
Assent	21,613	1,20,42,79,485	1,20,43,01,098	99.9992
Dissent	0	9,204	9,204	0.0008
Total	21,613	1,20,42,88,689	1,20,43,10,302	100

Therefore, the Resolution No 1 has been approved with requisite majority. Details of e-voting at EGM & remote e-voting are given in Annexure- A.

Page 3 of 5

1. The register and all other related papers shall remain in my safe custody until the Chairman considers, approves and signs the minutes and thereafter, I, shall hand over the register and all other related papers to the Company Secretary.

Thanking you,

For SANJAY GROVER & ASSOCIATES COMPANY SECRETARIES

Countersigned by

Devesh Digitally signed by Devesh Kumar Ku mar Vasisht D'ate: 2021.04.22 Vasisht..; 16:32S7+0530 Devesh Kumar Vasisht Partner CP No.:13700 UDIN: F008488C000158121

Date: April 22, 2021 Place: New Delhi

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Annexure - A

Details of e-voting at EGM & remote e-voting for Resolution No.-1 are as under:

Al. VOTING THROUGH E-VOTING AT EGM:

b)Less: Invalid Votes	0		0
c) Net Valid votes	8	21,613	2,16,130
d) Votes with Assent	8	21,613	2,16,130
e) Votes with Dissent	0	0

A2. VOTING THROUGH REMOTE E-VOTING:

			Rs
a) Total Votes received	127	1,20,42,88,689	12,04,28,86,890
b) Less: Invalid Votes	0	0	0
c) Net Valid Votes	127	1,20,42,88,689	12,04,28,86,890
d) Votes with Assent	87	1,20,42,79,485	12,04,27,94,850
e) Votes with Dissent	40	9,204	92,040

General information about company
500106Scrip code
NSE Symbol	IFCI
MSEI Symbol	NOTLISTED
ISIN	CNE039A01010
Name of the company	IFCI Limited
Type of meeting	EGM
Date of the meeting/last day of receipt of postal ballot forms (in case of Postal Ballot)	22-04-2021
Start time of the meeting	11 30 AM
End time of the meeting	11:49 AM

Scrutinizer Details
Name of the Scrutinizer	Devesh Kumar Vasisht
Finns Name	Sanjay Grover ec Associates
Qualification	CS
Membership Number	13700
Date of Board Meeting in which appointed	23-03-2021
Date of Issuance of Report to the company	22-04-2021

Voting results
Record date	15-04-2021
Total number of shareholders on record date525633
No. of shareholders present in the meeting either in person or through proxy
a) Promoters and Promoter group0
b) Public0
No. of shareholders attended the meeting through video conferencing	,
a) Promoters and Promoter group1
b) Public40
No. of resolution passed in the meeting1
Textual Information(1)Disclosure of notes on voting results

Text Block
Textual Inforination( I)	The Authorised Representative of the Promoter of the Compay i.e. President of India attended theMeeting.

				Resolution(1)
Resolution required; (Ordinary / Special)			Special
Whether promoter/promoter group are interested in theagenda/resolution?			No
	Description of resolution considered			Issue of Equity Shares aggregating upto Rs. 200 Crore by way ofpreferential allotment to Government of India
Category	Mode ofvoting	No. of sharesheld	No. of votespolled	% of Votespolled onoutstandingshares	No. of votes —in favour	No. ofvotes —against	% of votes infavour onvotes polled	% of Votesagainst onvotes polled
		(1)	(2)	(3)-1(2)41)]*100	(4)	(5)	(6)=[(4 )/(2)1*100	(7)1(5)/(2)1*100
	B-Voting		1156955857	100	1156955857	0	100	0
Promoter and	Poll	1156955857	0	0	0	0	0 '	9
postal BallotPromoterGroup(if applicable)		0	0	0	0	0	0
	Total	1156955857	1156955857	100	1156955857	0	100	0
	E-Voting		47253539	19,665	47253539	0	100	0
	Poll	240292035	0	0	0	0	0	0
PublicInstitutions	Postal Ballot(if applicable)		0	0	0	0	0	0
	Total	240292035	47253539	19.665	47253539	0	100	0
	B-Voting	498745200	79293	0.0139	70089	9294	88.3924	11.6076
	Poll		21613	0.0043	21613	0	100	0
Public- NonInstitutions	Postal Ballot(if applicable)		0	0	0	0	0	0
	Total	498745200	100906	0,0202	91702	9204	90.8786	9.1214
		Total 1895993092	1204310302	63,5187	1204301098	9204	99.9992	0.0008
	Whether resolution is Pass or Not				Yes
					Disclosure of notes on resolution

Details of Invalid Votes
Category	No. of Votes
Promoter and Promoter Group
Public Insitutions
Public - Non Insitutions