India Homes Limited — AGM Information 2021

Dec 28, 2021

Corporate Relationship Department, Bombay Stock Exchange, Mumbai P.J. Towers, Dalal Street, Mumbai - 400 023,

Date: 28.12.2021.

Scrip Code: 513361.

Dear Sir / Madam,

Sub: Proceedings of the 34th Annual General Meeting (34th AGM) held on December 28, 2021.

Pursuant to Regulation 30 read with Part A of Schedule iI) of Securities and Exchange Board of india ( Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish tolnform you that the 34th Annual General Meeting of the Company was held on Tuesday, December 28, 2021 at 2-00 p.m. through Video Conferencing / other Audio visual means. The deemed venue of the meeting was the registered office of the Company i.e Zenith Compound, Khopoli, Raigad-410203.

Please find enclosed herewith the proceedings of the 34th Annual General Meeting of the Company,

Kindly take the same on record,

Thanking You Yours sincerely

For & On behalf of India Steel Works Limited

M No.: A23014

REGD, OFFICE & STEEL PLANT OFFICE Zenith Compound Khopoli, 304, Naman Midtown, Tower A; Raigad -410 203, Maharashtra, |ndia senapati Bapat Marg, Elphinstone (W), oo Tr+912192 265 812 Fi +91 2192 264 061 Lower Parel, Mumbai~400 013 info@indiasteelin CIN: L29700MH1987PLC043186. T4931 22:62 304 304 F:+91 22 62 304-399 Wiww.indiasteet in

Su of Proceedin 34 nual General i e Compan

1, Date, time and venue of the Meeting:

The 34th Annual General Meeting of the Company was held on Tuesday, December 28, 2021 at 2-00 p.m through video conferencing / other Audio visual means. The deemed venue of the meeting was the registered office of the Company i.e Zenith Compound, Khopoli, Ralgad-410203.

7 Proceedings in brief:

• Mr. Sudhir H. Gupta, Executive Chairman of the Company, took the Chair.
• The Company Secretary then introduced the Directors.
• ^~The Company Secretary welcomed the Members, Board of Directors, Statutory Auditors, Secretarial Auditor, Scrutinizer present at the 34th Annual General Meeting of the Company,
• Mr. Bimal Desai, Non-executive Director, Mr. Karan Lamba & Mrs. Aastha Sharma Additional Independent Directors, were present at the meeting. Mr, Varun S\$. Gupta, Managing Director, Mr. Harpreet Baweja & Mr. Santino Rocco Morea Additional Independent Directors of the Company were absent.
• The Company Secretary stated that in view of the Covid-19 pandemic situation and as per the circulars issued by the Ministry of Corporate affairs & SEBI from time to time, the AGM is being held through Video Conferencing / other Audit Visual Means,
• Mrs. Reena T, Parekh, practicing Company Secretary, proprietor of Reena Modi & Associates, Company Secretaries, the Secretarial Auditors and alsa the Scrutinizer for the AGM of the Company, Chairman of the Audit 'Committee, Nomination cand Remuneration Committee and the Stakeholders' Relationship Committee were present at the meeting.
• ^~AS per the attendance records thirty four Members attended the meeting through video conferencing. The requisite quorum being present, the Chairman called the meeting to order. The Chairman addressed the shareholders and delivered his speech and informed the members that the Company had provided e-voting facility to the shareholders of the Company in respect of the business mentioned in the Notice,
• The remote e-voting facility was kept open from Saturday, December 25,2021 , 9:00 a.m to Monday, December 27, 2021, 5:00 p.m, During this period the shareholders of the Company holding Shares as on the cut-off date ie Tuesday, December 21, 2021 were able to cast their votes electronically.
• ^~The facility for voting, had also been made available during the AGM. The members attending the AGM, who had not cast their vote through remote evoting could exercise their voting rights at the AGM.
• Mrs. Reena T. Parekh, Practicing Company Secretary, had been appointed as the Scrutiniser ta supervise the e-voting and to provide report on the combined voting results of e-voting and e-voting at the AGM, for each of the item as per the notice of the AGM,
• The notice of AGM, Board's Report and Auditor's Report, thereon were taken as. read.
• The Company Secretary informed the members that there are no Observations made by the Statutory Auditors in their Audit Reparts.

REGD, OFFICE & STEEL PLANT OFFICE Zenith Compound Khopoll, 204, Naman Midtown, Tower A, Raigad - 410-203, Maharashtra, |india Senapati Bapat Marg, Elphinstone (W', re T:4+91 2192 265.812 F:+91 2192 264061 Lower Parel, Mumbal-400 013 infom@indiasteel.in CIN: L297 00MH1987PLCO43 186 T: +91 22 62 304 304 F:+91 22 62 904 399 www. indiasteel.in

• He read the Observations made by the Secretarial Auditar and managements reply thereon,
• The following items of business as set out in the Notice convening 34th AGM were placed for members' consideration and approval viz,:

ORDINARY BUSINESS:

• 1, To receive, consider and adapt:
• (i) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2021 together with the Reports of the Board of Directors and Auditors thereon, and (ii) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31,2021 together with the Report of the Auditors thereon, 2. To declare dividend on the total paid up preference share capital of the Company for the financial year ended 31st March, 2021. 3. To appoint a Director in place of Mr. Bimal Desai (DIN: 00872271), who retires by rotation and being eligible, offers himself for re-appointment

SPECIAL BUSINESS

• 1. To appoint / regularize appointment of Mr. Karan Lamba (DIN: 06533079) as an Independent Director of the Company for a consecutive period of 5 years. 3. Toappoint / regularize appointment of Mr. Santino Rocco Morea (DIN: 01642189) as an Independent Director of the Company for a consecutive periad of 5 years. 6. To appoint / regularize appointment of Mr. Harpreet Baweja (DIN: 02742525) as an Independent Director of the Company for a consecutive period of 5 years. 7. To appoint / regularize appointment of Mrs. Aastha Sharma ( DIN 06595976)-a5 an independent Director of the Company for a consecutive period of 5 years, 8. Appointment of Mr, Varun S. Gupta (DIN: 02938137) as Managing Director of the Company fora period of 3 years.
• 1. Appointment of Mr. Sudhir H. Gupia (DIN-00010853), as the Chairman of the Company. 10. Appointment of Mr. Sudhir H, Gupta (DIN-00010853), as a Whole-time Director designated as "Executive- Chairman".
• 1. Approval of arrangerments/transactions with related Parties. 12. To appeint branch Auditors.
• 1. Ratification of Cost Auditors' remuneration,

• The Chairman replied the queries regarding future plan, no. of employees of the Company during pandemic etc., asked by Mr, Dnyaneshwar Shagwat, a member of the Company . The Chairman requested the Members Present at the meeting who had not cast their votes elec tranically to cast their votes electronically (e-voting) at the meeting. The members were informed that the results of voting shall be disseminated to the Stock Excha nges.on or before December 30, 2021, after receipt of Scrutinizer Report and will also be uploaded on the website of the Company www.indiasteel.in and website of NSDL / BSE. The Chairman presented Vote of Thanks to everyone present at the meeting and the meeting concluded at 2.20 P.M after being open for 30 minutes for @-voting to be completed.

For & On behalf of India Steel Works Limited Dilip (Nis Company M No.: A23014 secretary & Compliance

REGD. OFFICE & STEEL PLANT OFFICE Zenith Compound Khopoli, 304, Naman Midtown, Tower A,

Raigad = 410-203, Maharashtra, India Senapati Bapat Marg, Elphinstone (W), = T: +91 2192 265-812 F491 2199 264061 Lower Parel, Mumbal-400 013 info@indissteel.in CIN: L291 00MH1987PLC043186 T+91 2262-304 304 F:491 2262 304 399 www.indiasteel in