Ipca Laboratories Ltd. — AGM Information 2020

Sep 18, 2020

THRU ONLINE FILING

.September .18,. 2020

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. BSE Ltd. Phiroze Jeejeebhoy Towers balal Street Mumbai 400 023 Scrip Code - 524494

National Stpck Exchange India Limited, Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra - (East). Mumbai-400051. Scrip Code: IPCALAB

Dear Sirs,

Sub: Proceedings ofthe 70th Annual General Meeting held on 17th September, 2020

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Ob!igations and Disclosure Requirements) Regulations, 2015, Wf3 are enclosing herewith the proceedings at'the 70th Annual General Meeting of the Company held on 1i h September, 2020. . . . . .

Thanking you

Yours faithfully For Ipca Laboratories Limited

~

Harish P. Kamath Corporate Counsel & Company Secretary

Ipta LaboratoriesLtd. e www.ipca.com

125, Kandivli Industrial 'Estate, CTS No. 328, Kandivli (West), Mumbai 400 067 (Maharashtra), India I T: +91 2262105000 F:+91 22 q21 05005 Regd. Office: 48, Kandivli Industrial Estate, Kandivli (West), Mumbai 400 067 (Maharashtra), India I T: +91 2266474444 E:ipca@ipca.com ON: L24239MH 1949PLC007837

PROCEEDINGS OF THE 70TH ANNUAL GENERAL MEETING OF IPeA LABORATORIES LIMITED HE'LD ON 17TH SEPTEMBER, 2020 '

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• 1. The 70th Annual Genera'i Meeting of Ipca Laboratories Limited was held through Video Conferencing I Other Audio Visual Means (VC/OAVM) on Thursday, 1ih September, 2020 at 3.30' p.m.
• 1. All the Directors including Chairman of the Audit and Nominati,on & Remuneration Committee of the Board, Chief Financial Officer ,and the Company Secretary were present at the Meeting thru video conference.
• 1. The representatives of the Statutory Auditors, Secretarial Auditors and Scrutinizer were also present at the meeting through video conference.
• 1. Mr. Premchand Godha, Chairman of the Board presided over the meeting. He informe,d that the quorum for the meeting is present in the meetingthru VC. ,
• 1. After intrC?ducingother Directors present in the meeting thru VC, the Chairman informed the members that all the, Statutory Registers and' other documents relating to the Agendas of,the meeting are available on the website Of the Company for inspection by the members.
• 1. The notice convening the 70th Annual General Meeting was taken as read, 8
• 1. Since there were no qualifications, adverse remark or observation in the In,dependent Auditors Report, the same was not read.
• 1. The Chairman then read the Chairman's speech.
• 1. The Chairman informed that pursuant to the provisions of Section 108 of the Companies Act, 2013 read with the Companies (Management & Administration) Rules, 2014 as, amended and Regulation '44 of the SEBI (Listing Obligations and b,isclosure , ' ' Requirements) Regulation, 2015, the Company has provided electronic voting facility to the Members entitled to cast their vote at the Annual General 'Meeting. The e-voting process was carried out by the 'Company between 14th SeptembE;lr, 2020 81"1d16th September, 2020 with cut-off date for determining' shareholders entitled' to vote b~ing

th atOrj 11 September, ~ et.r , ~ 'pea 3

,f ,Ipea Laboratories Ltd. •*.« www.ipca.com

125, Kandivli Industrial Estate, CTS No. 328, Kandivli (West), Mumbai 400 067 (Maharashtra), India I T: +91 22 62105000 ,F: +91 2262105005 Regd. Office: 48, Kandivli Industrial Estate, Kandivli (West), Mumbai 400 067 (Maharashtra), India I T: +91 2266474444 , E: ipca@ipca.mm ClN: L24239MH1949PLC007837

1. The Chair~an then informed that the facility will be given to the shareholders present at the meeting thru VC and who have not earlier voted by electronic process to cast their vote during the meeting.

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• . . 11. He informed that Ms. Jigyasa N. Ved of MIs. Parikh & Associates, Company Secretaries who was appointed as the Scrutinizer to scrutinize the remote e-voting process and that she is prese(lt at the meeting through video conference.
• 1. He informed that the results of the voting will be declared after the report of the scrutinizer is received and shall be posted on the website qf the Company and shall be displayed on the notice board of the Company at its tegistered office.
• 1. The Chairman thereafter informed the members t~at the. following items on the agenda as stated in the notice of this Annual General Meeting requires. the approval of the • members.

ORDINARY BUSINESS:

• 1. (a) Aqoption of Audited Financial Statements for the financial yearended 31st March, :2020, Reports of the Board of Directors and Auditors thereon.
  • (b) Adoption of Audited Consolidated Financial Statements for the financial year ended on 31st March, 2020 and Report of the Auditors thereon.

&

• 1. To confirm the payment of interim dividend of Rs. 5/- per ~quity st:lare as final dividend for the financial year ended 31st March, 2020.
• 1. Re-appointment of Mr. Ajit Kumar Jain (DIN 00012657), who retires by rotation, as a Director.
• 1. Re-apporntment of Mr. Pranay Godha (DIN 00016525), who retires by rotation, asa Director.

IpealaboratoJies Ltd. . www.ipea.com

________ E:_iP_ca_@_iP_c_a._co_m_C_IN_: _L2_4_23_9_M_H_19_4_9P_L_CO_0_78_3_71

125, Kandivli Industrial Estate, CTS No. 328, Kandivli (West), Mumbai 400 067 (Maharashtra), India I T +91 2262105000 . F: +91 22 62105005 Re'gd. Office: 48, Kandivli Industrial Estate, Kandivli (West), Mumbai 400 067 (Maharashtra),.lndia I T+91 2266474444 .

SPECIAL BUSINESS:

• 1. Remuneration payable to Cost Auditors.
• 1. The Chairman then requested the members to raise their querfes/questions,.if any.
• 1. Thereafter, the Chairman / Whole-time Directors responded to the queries/questions raised by the Members.

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• 1. Thereafter, the Chairman informed that the e voting module is available for voting to the members attending the Meeting and who have not cast their votes earlier for the next 15 minutes and thereafter, this Annual General meeting shall deemed to be concluded with a vote of thanks.
• 1. Thereafter, the Meeting was concluded at 4.50 p.m.

Ipea Laboratories Ltd. www.ipca.com

125, Kandivli Industrial Estate, CTS No. 328, Kandivli (West), Mumbai 400 067 (Maharashtra), India I T: +91 2262105000 F:+91 2262105005 Regd. Office: 48, Kandivli Industrial Estate, Kandivli (West), Mumbai 400 061 (rvTaharashtra),India I T: +91 2266474444 E:ipca@ipca.COn; ClN: L24239MH 1949PLC007837