Indokem Ltd — AGM Information 2021

Sep 30, 2021

Jndokem fimittd

(CIN NO.: L31300MH1964PLC013088)

Registered Office: "KHATAU HOUSE", Ground Floor, Mogul Lane, Mahim (West), Mumbai - 400 016.

Phone :61236767 Fax :61236718 Website : www.indokem.co.in

Date: 30 th September, 2021

To, The Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Scrip Code: 504092

Sub: Proceedings of 55th Annual General Meeting held on Thursday, 30th September, 2021.

Dear Sir/ Madam,

In compliance with the requirement of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit Proceedings of 55th Annual General Meeting of the Company held today i.e., Thursday, 30th September, 2021 through Video-conferencing (VC)/Other Audio-Visual Means (OVAM) at 3:00 p.m.

You are requested to kindly take same on your records.

Thanking You.

Yours Sincerely,

For lndokem Limited

Rajesh D. Pisal Company Secretary and Compliance Officer

Summary of the Proceedings of the 55 th Annual General Meeting of Indokem Limited held on Thursday, 30 th September, 2021.

The 55t11 Annual General Meeting of the Members of the Company was held on Thursday, 30th September, 2021 at 3.00 p.m through Video-Conferencing (VC)/Other Audio-Visual Means (OAVM). The Meeting commenced on 3.00 pm and concluded at 3.10pm.

FOLLOWING DIRECTORS WERE PRESENT IN PERSON:

1. Mr. Manish M. Khatau (Whole-time Director)

FOLLOWING DIRECTORS WERE PRESENT THROUGH VC:

• 1. Mr. Mahendra K. Khatau (Chairman and Managing Director) (Chairman of AGM)
• 1. Mrs. Asha M. Khatau (Non-executive Director)
• 1. Mr. Kailash Pershad (Independent Director and Chairman of Audit Committee)
• 1. Mr. Bhalchandra Sontakke (Independent Director and Chairman of Stakeholders Relationship Committee and Nomination and Remuneration Committee)
• 1. Mr. Rahul Singh (Independent Director)

OTHER PARTICIPANTS:

• 1. Mrs. Samita Tanksale (Practising Company Secretary and Scrutinizer through VC)
• 1. Ms. Rupal Parikh (Chief Financial Officer through VC)
• 1. Mr. Rajesh D. Pisal (Company Secretary and Compliance Officer through VC)

Shri Mahendra K. Khatau (DIN: 00062794), Chairman and Managing Director of the Company chaired the meeting.

Total 40 members joined the meeting through VC.

The requisite Quorum being present, the Chairman called the Meeting to order. The Chairman thereafter welcomed all the members and directors attending the Annual General Meeting.

The Chairman informed that in view of the restrictions due to outbreak of COVID-19 and considering the social distancing norms, the AGM was conducted through VC/ OA VM. This Meeting has been convened and being conducted in accordance with the

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circulars issued by Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Chairman informed that the Company had tied up with National Securities Depositories Limited (NSDL) to provide facility for voting through remote evoting, e-voting during the AGM and participation in the AGM through VC / OA VM facility.

All the Board Members were present at the Meeting. Chief Financial Officer, Company Secretary and Scrutinizer were also present at the Meeting.

With the consent of the members present, the Notice of the Meeting was taken as read. As there was no qualification, adverse remark or observation in the Independent Auditor's Report, the same was taken as read. The Chairman then apprised the shareholders regarding the overall performance of the Company in F.Y. 2020-21.

The members were informed that in compliance with the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended by the Companies (Management and Administration) Amendment Rules, 2015 and Regulation 44 of the SEBI Listing Regulations and Secretarial Standard-2, the Company had extended the remote e-voting and e-voting facilities to the members of the Company in respect of businesses to be transacted at the Annual General Meeting. The remote e-voting commenced at 9.00 a.m. on 27th September, 2021 and ended at 5.00 p.m. on 29 th September, 2021. Members who were present at the AGM and had not cast their vote through remote e-voting were provided an opportunity to cast their votes through e-voting during the Meeting and upto 15 minutes of the closure of AGM.

The combined results of remote e-voting and e-voting shall be declared in prescribed format under Regulation 44 of the SEBI Listing Regulations and the same shall be submitted to BSE (www.bseindia.com) and will also be put up on the Company's website (www.indokem.co.in).

The Chairman further added that, Mrs. Samita Vaibhav Tanksale, Company Secretary in Practice will act as Scrutinizer for conducting remote e-voting process in fair and transparent manner.

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The Shareholders then transacted the following items.

Ordinary Business:

• 1. Adoption of Audited Financial Statements of the Company for the financial year ended 31st March, 2021, together with the Reports of the Board of Directors and the Auditors thereon. (Ordinary Resolution)
• 1. Appointment of a Director in place of Smt. Asha M. Khatau (DIN: 00063944), who retires by rotation at the Annual General Meeting and being eligible and has offered herself for re-appointment. (Ordinary Resolution)

Special Business:

1. Approval for entering into Related Party Transactions for the Financial Year 2021-22. (Special Resolution).

No questions of members were received in advance.

The Chairman informed that the results of e-voting together with the Scrutinizer's report with regards to above business will be displayed/ disclosed to the Stock Exchange and on the website of the Company at www.indokem.co.in

The said meeting was concluded at 3:10 p.m. with a vote of thanks.

Thanking You.

Yours Sincerely,

For INDOKEM LIMITED

Rajesh D. Pisal Company Secretary and Compliance Officer