Indian Hume Pipe Co. Ltd. — AGM Information 2021

Aug 26, 2021

The Indian Hume Pipe Co, Ltd.

Registered Office : Construction House, 5, Walchand Hirachand Road, Ballard Estate, Mumbai - 400 001. INDIA Tel.: +91-22-22618091, +91-22-40748181 . Fax: +91-22-22656863. E-mail: info@indianhumepipe.com. Visit us at: www.indianhumepipe.com CIN : L51500MH1926PLC001255

HP/SEC / 2 6^{t h} August, 2021

1. BS E Ltd. Corporate Relationship Department, 1 ^{s t} Floor, New Trading Ring, Rotunda Building, P. J . Towers, Dalai Street, Fort, Mumbai - 400 001 2. National Stock Exchange of India Ltd. Exchange Plaza, 5^{t h} floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051

B S E Scrip Code: 504741 Symbol - INDIANHUME; Series EQ

Dear Sirs,

Sub: Proceedings of the 95^{t h} Annual General Meeting

The 95^{t h} Annual General Meeting (AGM) of the Company was held on 26^{t h} August, 2021 at 2.30 p.m. (1ST) through Video Conferencing ("VC") or Other Audio Visual Means ("OAVM") and the businesses mentioned in the Notice dated 12^{t h} June, 2021 were transacted.

We enclose the summary of proceedings of the 95^{t h} AG M under Regulation 30, Part-A of Schedule-Ill of the SEB I (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is for your information and record.

Thanking you,

For The Indian Hume Pipe Company Limited

<^"lp. —

^SrHVFivTa7faT<e Company Secretary FCS-2723

SUMMARY OF PROCEEDINGS OF THE 95^{t h} ANNUAL GENERAL MEETING

The 95^{t h} Annual General Meeting (AGM) of the Members of The Indian Hume Pipe Co. Ltd. ("the Company") was held on Thursday, 26^{t h} August, 2021 at 2.30 p.m. (1ST) through Video Conference ("VC")/ Other Audio Visual Means ("OAVM"). The AGM was held through VC / OAVM facility, in view of the massive outbreak of the COVID-19 pandemic considering social distancing norms in accordance with the circulars issued by the Ministry of Corporate Affairs ('MCA') and The Securities and Exchange Board of India ('SEBI') under the provisions of the Companies Act and the SEB I (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). The deemed venue for the 95th AGM was the Registered Office of the Company.

Mr. Rajas R. Doshi, Chairman & Managing Director, Chairman of the Board presided over the meeting and took the Chair. He commenced the proceedings of the 95^{t h} Annual General Meeting after ascertaining that the requisite quorum was present. The meeting commenced at 2:30 pm (1ST).

Directors present:

Mr. Rajas R. Doshi, Chairman & Managing Director, Mr. Mayur R. Doshi, Executive Director, Ms. Jyoti R. Doshi, Non-Executive Director, joined the meeting through Video Conferencing from Mumbai.

Ms. Anima B. Kapadia, Non-Executive Director and Chairperson of the Stakeholders Relationship Committee did not attend the meeting due to unavoidable reason and has authorised the Chairman being Member of the Committee to answer queries of the security holders. Mr. Rajendra M. Gandhi, Independent Director and Chairman of the Audit Committee, Mr. Rameshwar D. Sarda, Independent Director, Mr. Vijay Kumar Jatia, Independent Director and Chairman of the Nomination and Remuneration Committee, Ms. Sucheta N. Shah, Independent Director had joined the meeting through video conferencing from their respective locations.

Mr. S. M. Mandke, Company Secretary and Mr. M. S. Rajadhyaksha, Chief Financial Officer joined the meeting through Video Conferencing from their respective locations.

Representatives of the Statutory Auditors viz., M/s Deloitte Haskins & Sells LLP, Chartered Accountants, and Secretarial Auditors viz., M/s JH R & Associates, Practising Company Secretaries and Mr. S. C. Mawalankar, Cost Auditor attended the meeting through VC from their respective locations. y ^^m e

Contd...-2-

Members present:

59 Members attended the meeting through Video Conferencing from their respective locations.

The Chairman welcomed the Members and other attendees for the meeting. He briefed the Members regarding the arrangements made for the meeting. The Chairman informed that the Company had enabled the Members to participate in the 95^{t h} AGM through the Video Conferencing facility provided by NSDL. Members were provided the facility to exercise their right to vote by electronic means, through remote e-voting and e-voting at the AGM in accordance with the provisions of the Companies Act, 2013 and SEB I (Listing Obligations & Disclosure Requirements) Regulations, 2015. Members who have joined the meeting through VC and who had not cast their vote through remote e-voting, were provided the option to vote through e-voting facility made available at the AGM. The Company had appointed Mr. J . H. Ranade, Partner of M/s. JH R & Associates, Practising Company Secretaries, as Scrutinizer to supervise the e-voting process and to provide combined voting results of remote e-voting and evoting at the AGM along with the Scrutinizers Report.

Thereafter, the Chairman mentioned that the Notice of the 95^{t h} AGM along with the Annual Report for the financial year 2020-21 had been sent through electronic mode to those members, who were holding shares of the Company as on cut-off date i.e. 19^{t h} August, 2021 and whose email IDs were registered with the Company/ Depositories. The Notice of 95^{t h} AGM was taken as read as sent to the Members through email along with Annual Report for the year ended 31^{s t} March, 2021. The Chairman informed the Members that the Statutory Auditors have issued unmodified Audit report and there are no qualifications, observations or adverse comments hence the Auditor's report was taken as read. It was also informed that the statutory documents including the Register of Directors & Key Managerial Personnel & their shareholdings, Register of Contracts or Arrangements in which Directors are interested, Memorandum & Articles of Association of the Company were available for inspection by the Members.

The Chairman then commenced his speech and gave an overview of the operations and the financial performance of the Company during the financial year 2020-21.

Thereafter, the Chairman invited speaker shareholders, who did prior registration, to speak and ask questions.

However none of the speaker shareholders attended the meeting.

Contd...-3-

Thereafter the Chairman moved the following items of Ordinary business as set out in the Notice of the 95^{t h} AGM, were transacted at the meeting:

ORDINARY BUSINESS:

• 1. Adoption of Audited Financial Statements of the Company for the financial year ended 31^{s t} March, 2021 including the Audited Balance sheet as at 31^{s t} March, 2021 and the Statement of Profit and Loss and the Reports of the Board of Directors and Auditors thereon
• 1. Declaration of Dividend for the financial year ended 31^{s t} March, 2021 on Equity Shares of the Company.
• 1. Re-appointment Ms. Jyoti R. Doshi (DIN: 00095732), who retires by rotation and being eligible offers herself for re-appointment.

The Chairman announced that the e-voting results along with the consolidated Scrutiniser's Report shall be submitted to Stock Exchanges and also will be placed on the website of the Company (www.indianhumepipe.com) and on the website of National Securities Depository Limited ("NSDL") https://www.evoting.nsdl.com within 48 hours from the conclusion of the meeting. The Chairman declared the meeting as concluded at 2.50 p.m. The e-voting module was kept open for 15 minutes after conclusion of the proceedings of the meeting up to 3.05 p.m.

Thanking you,

For The Indian Hume Pipe Company Limited