Ion Exchange (India) Ltd — AGM Information 2021

Aug 24, 2021

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August 24, 2021

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 57th Annual General Meeting held on, 24th August, 2021.

We wish to inform you that the 57th Annual General Meeting (AGM) of the Company of the Members was held on 24th August, 2021 at 11.00 a.m.

Pursuant to the Circulars issued By Ministry of Corporate Affairs (MCA) and Securities Exchange Board of India (SEBI), the Annual General Meeting of the Company was held through Video Conferencing (VC)/ Other Audio Video Means (OAVM).

Further, pursuant to Regulation 30 of SEBI (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

~_;id

Milind Puranik .Company Secretary

Encl: a/a

ION EXCHANGE (INDIA) LTD. I GIN: L74999MH1964PLC014258

Regd. Office: Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011 , India.

Board: +91 22 6231 2000 I Fax: +91 22 2493 8737 I E-mail: ieil@ionexchange.co.in I Web: www.ionindia.com

Ion Exchange (India) Limited

Proceedings of the S~h Annual General Meeting held on Tuesday, 24th August. 2021 at 11 .00 a.m. through Video Conferencing (VC)I Other Audio Video Means (OAVM).

The 57th Annual General meeting (AGM) of the Members of Ion Exchange (India) Ltd. held on 24th August, 2021 at 11 .00 a.m., through Video Conferencing (VG)/ Other Audio Video Means (OAVM), in accordance with the applicable provisions of Companies Act, 2013 read with the Rules issued thereunder and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the circulars issued by Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Mr. Rajesh Sharma, Chairman of the Company, Chaired the Meeting. The Chairman stated that the Company has availed the services of NSDL for conducting the meeting through Video Conferencing and webcast for enabling participation of the Members at the meeting, remote e-voting and e-voting during the meeting on all the resolutions set forth in Notice.

As the meeting was conducted through Video Conferencing where Members could join in person from all locations, the proxy facility was not necessitated and accordingly not provided. 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 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 and Secretarial Auditor attended the Meeting through Video Conferencing from their respective Locations.

The Chairman further stated that the Notice of AGM is circulated to all the Members so it is convening as read.

Thereafter, the Chairman stated that the Reports from Statutory Auditor and Secretarial Auditor do not contain any qualification, observation or comment and hence the same are not required to be read at the AGM.

The Chairman called for the Members who had pre-registered themselves as speakers and requested to offer their comments, suggestions or raise queries, if any. Queries raised by shareholders were answered by the Chairman.

The Chairman then placed the following items of the business as set out in the Notice of the 56th AGM for the Members approval by way of e-voting:

No.	Items	Type of 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 , 2021.	Ordinary	With requisite majority
2.	To declare Dividend on equity shares.	Ordinary	With requisite majority
3.	Appointment of Mr. M.P. Patni who retires by rotation himself for being eligible, offers and re-appointment.	Special	With requisite majority

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4.	Appointment of Mis. Angadi & Co. as Branch Auditors.	Ordinary	With requisite majority
5.	Ratification of Remuneration of Cost Auditors.	Ordinary	With requisite majority
6.	To approve payment of Commission to Non-Executive Directors	Special	With requisite majority

The meeting was concluded at 12.00 noon with a vote of thanks.

For Ion Exchange (India) Limited

Milind ~ Puranik

Company Secretary