Indag Rubber Ltd. — AGM Information 2022

Jul 29, 2022

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July 29, 2022

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001

(Company code-1321) (Scrip code-509162)

Sub.: Proceedings of 43rd Annual General Meeting held on July 28, 2022.

Dear Sir,

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we are hereby submitting the summary of proceeding of 43rd Annual General Meeting of the Company held on Thursday, July 28, 2022.

The same have been made available at the Company's website www.indagrubber.com

Thanking You.

Yours faithfully, For Indag Rubber Limited

Manali D. Bijlani Company Secretary

Proceedings of 43rd Annual General Meeting of Indag Rubber Limited held on Thursday, July 28, 2022 at 03:00 P.M. IST through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) at Registered Office of the Company situated at 11 Community Centre, Saket, New Delhi-110017.

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, 43rd Annual General Meeting (AGM) of the Members of the Company was held on Thursday, July 28, 2022 at 03:00 p.m. IST through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") at Registered Office of the Company situated at Khemka House, 11 Community Centre, Saket, New Delhi - 110017.

The Chairman, ot he r Directors and Key Managerial Personnel (KMPs) of the Company joined the meeting at the scheduled time and the meeting commenced at 03:00 p.m. IST.

Ms. Manali D. Bijlani, Company Secretary welcomed the Members and highlighted that the facility to cast the votes electronically was available for the Members who were present and had not casted the votes. It was also highlighted that the statutory registers were available for inspection during the 43rd Annual General Meeting (AGM) of the Company, as uploaded on website of the Company. Directors / K M P s of the Company confirmed their location and the proceedings were handed over to the Chairman of the Meeting.

Mr. Nand Khemka, Chairman of the Company, chaired the Meeting. Mr. P.R. Khanna (Chairman of Audit Committee & Chairman of Nomination and Remuneration Committee), Mr. Harjiv Singh (Chairman of Stakeholders’ Relationship Committee), Ms. Bindu Saxena, Mr. Shiv Khemka, Mr. Uday Khemka (Directors) and Mr. Vijay Shrinivas (CEO & Whole Time Director) were present at the meeting. Mr. B.J. Singh (representative of Khanna & Annadhanam, Statutory

Auditors), Mr. Manish Gupta (representative of RMG & Associates, Secretarial Auditors) and Mr. Kanishk Arora (Scrutinizer and Practicing Company Secretary) were present. Chairman informed that Mr. Raj Kumar Agrawal, Director could not attend the meeting due to some prior commitments.

Total 106 members attended the meeting as per the records of attendance.

Chairman highlighted the performance of the company during the financial year 2021-22 and recommended the resolution to the Members as set forth in the Notice. Chairman further informed that remote e-voting facility was made available to the members, which was open between Monday, July 25, 2022 (9:00 AM) to Wednesday, July 27, 2022 (5:00 PM) on the following resolutions proposed to be considered at the AGM:

Resolution No. 1: Adoption of Audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2022- Ordinary Resolution.

Resolution No. 2: Declaration of the Final Dividend and confirmation of payment of Interim Dividend for the financial year 2021-2022- Ordinary Resolution.

Resolution No. 3: Re-appointment of Mr.Uday Harsh Khemka (DIN-00323609) as Director of the Company who retires by rotation- Ordinary Resolution.

Resolution No. 4: Reappointment of Khanna & Annadhanam, Chartered Accountants (FRN. 001297N) as the Statutory Auditors of the Company for the second term of 5 consecutive years and fix their remuneration- Ordinary Resolution.

Resolution No. 5: Fixation of the remuneration of the Cost Auditor of the Company for the Financial Year 2022-23- Ordinary Resolution.

Resolution No. 6: Approval of partial modification of the earlier resolution for payment of Commission to Directors other than the Managing Director/Whole-Time Director - Ordinary Resolution.

Chairman further informed that the voting results would be announced on the website of the Company and Stock Exchange after receipt of consolidated report from the Scrutinizer [Mr. Kanishk Arora (FCS No. 9575, COP No. 13253)].

Chairman requested the Members, who had already registered themselves, to speak one by one. Members expressed their thoughts and raised questions, which were answered by the Management.

After thanking the Members for their participation, the Chairman announced formal closure of the 43rd Annual General Meeting at 03:50 p.m. IST.

Post completion of the Annual General Meeting, after scrutiny of votes the Scrutinizer submitted his Report. As per the report submitted by the Scrutinizer considering the consolidated results of the remote e-voting held prior and e-voting during the AGM, all resolutions (Ordinary) embodied in the Notice of Annual General Meeting were passed with requisite majority.