Indoco Remedies Ltd. — AGM Information 2021

Sep 23, 2021

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September 23, 2021

	To The Manager Listing Department National Stock Exchange of India Limited ‘Exchange Plaza’, C - 1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai 400051. Scrip Code:INDOCO		To BSE Limited Corporate Relationship Department 1stFloor, New Trading Ring, Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400001 Scrip Code : 532612

Dear Sir,

Sub.: Summary of proceedings of the 74[th] Annual General Meeting of the Company held on 23[rd] September, 2021

Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’), we enclose herewith the Summary of proceedings of the 74[th] Annual General Meeting of the Company held on 23[rd] September, 2021

For Indoco Remedies Limited

Jayshankar Menon Company Secretary & AVP (Legal)

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Summary of proceedings of the 74[th] Annual General Meeting of the Company held on 23[rd] September, 2021 held on Thursday, 23[rd] September, 2021 at 10.30 am (IST) through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”).

The Chairman, Mr. Suresh G Kare, welcomed the Members to the 74[th] Annual General Meeting of the Company, which he said was being held through video conferencing. He informed that as Link Intime, the Company’s RTA had confirmed that the requisite quorum was present for the Meeting, as required under the provision of Section 103 of the Companies Act, 2013 he declared the meeting to be in order.

He requested Mr. Jayshankar Menon, Company Secretary to conduct the proceedings.

Mr. Jayshankar Menon - Company Secretary, welcomed the shareholders and informed that the Statutory Registers maintained by the Company as per the Act are available for inspection in electronic mode. Members seeking to inspect such documents can send email to compliance.officer@indoco.com

He then proceeded to introduce the Directors, who were all present virtually

He introduced, Mr. Pramod Ghorpade – Sr VP Finance who had been appointed in place of Mr. Mandar Borkar and CS Ajit Sathe of M/s. Ajit Sathe & Co who had been appointed as Scrutinizers for the remote e-voting as well as the e-voting process at the AGM. He informed that Mr. Tejas Parikh- Partner of Gokhale & Sathe was present at the Meeting.

The Company Secretary requested Ms. Aditi Panandikar, Managing Director to address the shareholders on behalf of the Chairman, Mr. Suresh G Kare.

Ms. Aditi Panandikar then proceeded to read the Chairman’s Speech.

The Company Secretary then informed that he would take up the agenda items. He informed that since the notice was already circulated to the members, it was proposed to be taken as read. He further stated that as the Auditors Report for both the Stand-alone as well as consolidated Results had no qualifications, with the Members approval, it was proposed to be taken as read.

The Company Secretary explained the procedure for the shareholders to ask questions. and stated that the Directors would respond after all the shareholders had asked their queries. He also informed, that Members who would like to ask questions to the panellist, may also ask their queries via active chat board during the meeting. He then invited the members to speak.

Ms. Aditi Panandikar, Managing Director replied to the queries raised

The Company Secretary announced that Members who had not exercised their vote through the remote e-voting could vote through e-voting at the Meeting. He informed that the results of the e-voting would be declared by today evening would and be available on the Stock Exchange and Company website.

The Company Secretary announced that the electronic voting option would remain open for next 30 minutes. Members who had not exercised their vote through the remove e-voting could now vote by clicking on the voting button, which was appearing on the right hand side of VC meeting screen and vote.

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Mr. Jayshankar Menon then informed that the 74[th] AGM had concluded and requested Mr. Dinesh Amrutlal Kotecha, shareholder to propose a vote of thanks to the Directors and Members present.

Mr. Dinesh Amrutlal Kotecha proposed a Vote of Thanks.

The Scrutinizer's Report was received after conclusion of the Meeting on September 23, 2021 and as set out therein, all the aforesaid Resolutions were declared passed with requisite majority.

For Indoco Remedies Limited

Jayshankar Menon Company Secretary & AVP (Legal)

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