IZMO Limited — AGM Information 2023

Sep 26, 2023

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September 26, 2023

The Manager The Manager – Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5[th] Floor Floor 25, Phiroze Jeejeebhoy Tower Plot No. C/1, G Block, Dalal Street, Mumbai-400001 Bandra Kurla Complex, Bandra(E), Mumbai-400051 BSE Scrip Code: 532341 NSE Symbol: IZMO

Dear Sir/Madam,

Subject: Proceedings of 28th Annual General Meeting of the Company held on 26.09.2023

Pursuant to Regulation 30(2) read with Para-A of Schedule III- Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, please be informed that 28th Annual General Meeting of Izmo Limited was held on Tuesday September 26, 2023 at 12:30 PM (IST) through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”).

In this regard, please find enclosed Proceedings of 28th Annual General Meeting of the Company.

Request you to take the same on record.

Thanking You

Yours faithfully,

for IZMO Limited

SONA Digitally signed by SONAL JAJU Date: L JAJU 2023.09.26 20:36:49 +05'30'

Sonal Jaju

Company Secretary and Compliance Officer

Encl: As above

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SUMMARY OF PROCEEDINGS/OUTCOME OF THE 28TH ANNUAL GENERAL MEETING OF IZMO LIMITED

In compliance with the General Circulars No. 14/2020, No. 17/2020, No. 20/2020, No. 02/2021 and No. 2/2022 dated April 8, 2020, April 13, 2020, May 5, 2020 , January 13, 2021, May 5, 2022 and December 28, 2022 respectively issued by the Ministry of Corporate Affairs (the “MCA”) read with SEBI Circulars No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020, SEBI/HO/CFD /CMD2/CIR/P/2021/11 dated January 15, 2021, No. SEBI/HO/CFD/CMD2/ CIR/P/2022/6 dated May 13, 2022 and Circular No. SEBI/HO/CFD/PoD/-2/P/CIR/2023/4 dated January 5, 2023 the 28th (Twenty Eighth) Annual General Meeting (the “AGM” or the “Meeting”) of the Members of Izmo Limited (the “Company”) was duly convened and held on Tuesday, September 26th 2023, through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”), which commenced at 12:30 P.M. (IST) and concluded at 01:24 P.M. (IST) (including the time allowed for e-voting at the AGM).

Ms. Sonal Jaju, Company Secretary and Compliance Officer, welcomed the Members attending the 28[th] Annual General Meeting and introduced the Board of Directors present at the meeting. She requested Mrs. Shashi Soni, chairperson, to chair the meeting. Mrs. Shashi Soni, Chairperson of the Company confirmed the presence of requisite Quorum and declares the meeting to order. All directors including the Chairman of the Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee etc., were present at the meeting.

Mr. R Vijayanand, the Statutory Auditor and Mr. Syed Shahabuddin, the Secretarial Auditor of the Company were also present at the meeting.

Total 69 members attended the 28[th] Annual General Meeting of the Company as per the records of the attendance.

Mrs. Shashi Soni, the Chairperson of the Company address the shareholders with warm welcome, expressing her gratitude to all Board of Directors, Key Managerial Employees and esteemed Shareholders for their continued co-operation, trust and support towards the Company. Chairperson then requested the Company Secretary to highlight the regulatory matters and general instruction pertaining to this Annual General Meeting.

Ms. Sonal Jaju, Company Secretary and Compliance Officer highlighted the regulatory matters and general Instruction pertaining to the AGM. The Company Secretary informed that there were no qualifications, observations or other remarks made by the Auditors in their Report on the Financial Statements (both Standalone and Consolidated) or by the Secretarial Auditor in his Secretarial Audit Report for the financial year ended March 31, 2023 which may have any adverse effect on the functioning of the Company. Hence, the said Reports were not required to be read.

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The Company Secretary, also informed the Members that in compliance with the provisions of Section 108 and other applicable provisions, if any, of the Companies Act, 2013 and rules framed there under and amendments thereto, read together with the MCA Circulars and Regulation 44 of the Listing Regulations, the Company had engaged the services of CDSL to provide remote e-Voting facility which commenced on Saturday, September 23, 2023 (9:00 A.M. IST) and ended on Monday, September 25, 2023 (5:00 P.M. IST) and e-Voting facility during the AGM to all the eligible Members to enable them to cast their votes electronically in respect of the businesses transacted at the Meeting.

The voting rights of the Members were reckoned based on the number of shares held by them as on the ‘cutoff’ date i.e., Tuesday, September 19, 2023. CS Syed Shahabuddin, Practicing Company Secretary, (Membership No.: ACS-4121 and C.P. No. 11932), Bangalore, was appointed for the purpose of scrutinizing the process of remote e-voting and e-voting during the Meeting in a fair and transparent manner.

Thereafter the Company Secretary requested Mr. Sanjay Soni, Managing Director of the Company, to give a brief overview of Company’s Operation and future outlook of the Company.

Mr. Sanjay Soni, Managing Director, gave an overview of the financial and operational performance of the Company during the financial year 2022-23 and spoke about the future prospects of the Company.

Thereafter, the Company Secretary, with the permission of members, took the Notice convening the 28th AGM (the “Notice”) as read, the Auditor’s Report and the Secretarial Auditor’s Report was also taken as read with the consent of the Members as the report of Statutory Auditors and the Secretarial Auditor were unqualified and without any adverse observations or comments in their respective reports.

Thereafter, the following resolutions were transacted at the Meeting and the objectives and implications of each item of businesses for consideration by the shareholders since already set out in the notice of AGM dated August 11, 2023.

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Sl No. Particulars
ORDINARY BUSINESS (Ordinary Resolution)
1. Adoption of Audited Financial Statements (both Standalone and Consolidated) of
the Company for the financial year ended March 31, 2023, together with the
Reports of the Board of Directors and the Auditors thereon.
2. Re-appointment of Mrs. Kiran Soni (DIN: 08836616), Whole-Time Director, who
retires by rotation, and being eligible, offers herself for re-appointment.
SPECIAL BUSINESS (Special Resolution)
3. Re-appointment of Mrs. Kiran Soni (DIN: 08836616) as a Whole Time Director of
the Company.
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Thereafter, the Chairman requested the registered speaker members to ask their queries. Then the Managing Director and Company Secretary of the Company answered the queries raised by the registered speaker members.

The Chairman continued with the proceedings of the meeting and informed that the Members who did not vote earlier through remote e-voting, may now vote electronically in the next 15 minutes and thereafter the e-voting system will be disabled automatically.

The Members were further informed that the consolidated results will be declared as per the details given in the Notice. The Chairperson concluded the proceedings of the Meeting and thereafter thanked the Directors and the Shareholders for joining the Meeting.

The Meeting was concluded with a vote of thanks to the Chair. The e-Voting facility was kept open for another 15 minutes to enable the Members to cast their votes.

Thanking You

Yours faithfully,

for IZMO Limited

SONA Digitally signed by SONAL JAJU Date: 2023.09.26 L JAJU 20:39:18 +05'30'

Sonal Jaju

Company Secretary and Compliance Officer

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