Ion Exchange (India) Ltd — AGM Information 2019

Aug 30, 2019

August 30, 2019

To, BSE Limited The Corporate Relationship Dept. P. J. Towers, Dalal Street, Mumbai - 400 001

BSE Company Code: 500214

Dear Sir,

Sub: Summary of Proceedings of the 55th Annual General Meeting held on, 30th August, 2019.

We wish to inform you that the 55th Annual General Meeting (AGM) of the Company of the Members was held on 30th August, 2019 at 11.00 a.m. at Mini Theatre, 3rd Floor, Ravindra Natya Mandir, PL. Deshpande, Maharashtra Kala Academy, Near Siddhivinayak Temple, Sayani Road, Prabhadevi, Mumbai - 400 025.

Pursuant to Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 we submit herewith Summary of the Proceedings of the Annual General Meeting.

Kindly take above on record.

Thanking You,

Yours faithfully, For Ion Exchange (India) Limited

Company Secretary

Encl: a/a

ION EXCHANGE (INDIA) LTD. I GIN: L74999MH1 964PLC014258

Regd. Office: Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011, India. Board: +91 22 3989 0909 I Fax: +91 22 2493 8737 I E-mail: ieil@ionexchan9e.co.in I Web: www.ionindia.com

Offices: Bengaluru I Bhubaneswar I Chandigarh I Chennai I Hyderabad I Kolkata I Lucknow I New Delhi I Pune I Vadodara I Vashi I Vi sakhapatnam

Ion Exchange (India) Limited

Proceedings of the 55th Annual general Meeting held on Friday. 30th August. 2019 at 11 .00 a.m. at Mini Theatre. Ravindra Natya Mandir. Prabhadevi, Mumbai - 400025.

Tne 55th AnfH.ial General meeting (AGM) of tne Memoets of Ion Excnange (IMia) ua. ne1a at Mini Theatre, Ravindra Natya Mandir, Prabhadevi, Mumbai - 400025 on Friday, 30th August, 2019 at 11.00 a.m.

Mr. Rajesh Sharma, Chairman of the Company, Chaired the Meeting. The requisite quorum was present when the Chairman called the meeting to order at 11.00 a.m.

The Chairman commenced the proceedings welcoming the shareholders and introduced the directors on the dias and made his statement on Industry scenario, performance, products and future outlook.

All the directors including Mr. T.M.M . Nambiar, the Chairman of the Audit Committee, Dr. V. N. Gupchup, the Chairman of the Nomination & Remuneration Committee, and representative of the Statutory Auditor attended the Meeting.

Thereafter the Chairman:

• a) Requested the Company Secretary, Mr. Milind Puranik, to read the Auditors Report. Mr. Milind Puranik, then read the Auditors report.
• b) Invited the shareholders to offer their comments, suggestions or raise queries, if any. Queries raised by shareholders were answered by the Chairman.

Thereafter the Chairman ordered the poll for the benefit of those shareholders who were present in the meeting and had not availed of any voting facility.

Mr. V. V. Chakradeo, Scrutinizer for the poll explained the procedure for poll and arranged for distribution of poll papers.

After the Poll, the resolutions put forth at the AGM were passed as under:

No.	~~	fy~~ Resolution	Passed
1.	Adoption of Audited Standalone and Consolidated Financial Statements, Report of Board of Directors' and Auditors for the financial year ended March 31, 2019. Proposed by Mrs. Asha Lata Maheshwari Seconded by Ms. Jagruti Shah	Ordinary	With requisite majority
2.	Approval of Dividend Proposed by Mr. Shankar Bansal Seconded by Mr. Sunil Kothari	Ordinary	With requisite majority

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3.	Appointment of Mr. M.P. Patni who retires by rotation and being eligible, offers himself for re-appointment.	Ordinary	With requisite majority
	Proposed by Mr. Jitendra Maheshwari
	Seconded by Mr. Shankar Bansal
4.	Appointment of M/s. Charantimath Associates as Branch Auditors.	Ordinary	With requisite majority
	Proposed by Ms. Jagruti Shah
	Seconded by Mr. Shankar Bansal
5.	Ratification of Remuneration of Cost Auditors.	Ordinary	With requisite majority
	Proposed by Mr. Shankar Bansal
	Seconded by Mrs. Asha Lata Maheshwari
6.	Re-appointment of Dr. V. N. Gupchup as an Independent Director of the Company	Special	With requisite majority
	Proposed by Ms. Jagruti Shah
	Seconded by Mr. Shankar Bansal
7.	appointment of Mr. T.M.M.Nambiar as an Re- Independent Director of the Company	Special	With requisite majority
	Proposed by Mr. Jitendra Maheshwari
	Seconded by Ms. Jagruti Shah
8.	Re-appointment of Mr. P.SampathKumar as an Independent Director of the Company	Special	With requisite majority
	Proposed by Ms. Jagruti Shah
	Seconded by Mr. Shakar Bansal
9.	Re-appointment of Mr. Abhiram Seth as an Independent Director of the Company	Special	With requisite majority
	Proposed by Ms. Jagruti Shah
	Seconded by Mr. Jitendra Maheshwari
10.	Re-appointment of Mr. Shishir Tamotia as an Independent Director of the Company	Special	With requisite majority
	Proposed by Mr. Shankar Bansal
	Seconded by Mr. Jitendra Maheshwari

11 .	Re-appointment of Ms. Kishori Udeshi as an Independent Director of the Company	Special	With requisite majority
	Proposed by Ms. Jagruti Shah
	Seconded by Mr. Shankar Bansal

At this stage Dr. V.N.Gupchup chaired the meeting as the Chairman was interested in the next Resolution.

12.	Re-appointment of Mr. Dinesh Sharma as an Executive Director of the Company	Special	With requisite majority
	Proposed by Mrs. Asha Lata Maheshwari
	Seconded by Ms. Jagruti Shah

Mr. Rajesh Sharma occupied the chair again.

13.	of Mr. Aankur Patni as an Re-appointment Executive Director of the Company	Special	With requisite majority
	Proposed by Mr. Sunil Kothari
	Seconded by Mr. Jitendra Maheshwari

The meeting was concluded at 12. 30 noon with a vote of thanks.

For ION EXCHANGE (INDIA) LIMITED

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company Secretary