Jindal Hotels Ltd. — AGM Information 2022

Jul 13, 2022

JINDAL HOTELS LIMITED

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To, DCS-CRD BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001

Date: 13.07.2022

Dear Sir,

Scrip Code No. : - 507981 Sub: Proceedings of 37[th] Annual General Meeting

In compliance with the Regulation 30 (4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed the summary of proceedings of 37[th] Annual General Meeting held on Tuesday, 12[th] July, 2022 at 4:30 p.m. IST through Video Conferencing/ Other Audio Visual Means (“VC/OAVM”).

You are requested to kindly take the above information on your record and oblige.

Thanking You.

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ENCL.: As above

Regd. Office : GRAND MERCURE Vadodara Surya Palace , Sayajigunj, Vadodara – 390 020 Phone No. : 0265-2363366,2226000,2226226 Fax No. : 0265-2363388 Website : www.suryapalace.com CIN No.: L18119GJ1984PLC006922 e-mail : share@suryapalace.com

JINDAL HOTELS LIMITED

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SUMMARY OF PROCEEDINGS OF 37[TH] ANNUAL GENERAL MEETING

The 37[TH] Annual General Meeting of the Members of the Company was held on 12[th] July, 2022 at 4:30 p.m. IST through Video Conference (VC) / Other Audio Visual Means (OAVM).

PRESENT

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Name Designation
Mr. Ambalal Patel Director & Chairman
Mr. Piyush Shah Managing Director
Ms. Chanda Agrawal Director (& Chairperson of Stakeholders Relationship Committee)
Mr. Jatil Patel Director (& Chairman of Audit Committee)
Mr. Mukund Bakshi Director (& Chairman of Nomination & Remuneration Committee)
Mr. Shagun Mehra Non-Executive Non Independent Director
Mr. Satvik Agrawal Non-Executive Non Independent Director
Mr. Mitul Modi & Mr. Statutory Auditor
Chirag Joshi, CA
[Partners of M/s. Modi
& Joshi, Chartered
Accountants]
Ms. Mansi Vyas Company Secretary
Mr. Kashyap Shah Practicing Company Secretary – Secretarial Auditor
Mr. Kishor Darji Chief Financial Officer
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The number of shareholders as on cut -off date 5[th] July, 2022 were 4837. Total 31 Members were present in the meeting.

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Regd. Office : GRAND MERCURE Vadodara Surya Palace , Sayajigunj, Vadodara – 390 020 Phone No. : 0265-2363366,2226000,2226226 Fax No. : 0265-2363388 Website : www.suryapalace.com CIN No.: L18119GJ1984PLC006922 e-mail : share@suryapalace.com

JINDAL HOTELS LIMITED

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The Company Secretary welcomed the member at 37[th] Annual General Meeting (AGM). This meeting has been convened and being conducted in accordance with the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI).

The Company had tied up with Link In time India Private Limited (InstaVote & InstaMeet) to provide facility for voting through remote e-voting, e-voting during the AGM and participation in the AGM through VC / OAVM facility.

The Company Secretary introduced the Directors, Management Committee Members and the invitees present at the meeting. Mr. Ambalal Patel, Chairman of the Board of Directors, presided as the Chairman of the Meeting.

The chairman welcomed the members at 37[th] Annual General Meeting and called the meeting in order as requisite quorum was present. The Company Secretary had provided general instructions of the AGM and she further informed that, Pursuant to the provisions of Section 171 of the Companies Act, 2013 the Register of Directors and Key Managerial Person, made available for inspection to the members electronically on request. Pursuant to the provisions of the Companies Act, 2013, the Rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had extended the remote e-voting facility during 9[th ] July to 11[th] July, 2022 to the Members of the Company in respect of the resolutions to be passed at the 37[th] AGM and the facility for voting through e-voting system was made available for those members who have participated in the Meeting and who had not cast their vote prior to the Meeting.

The Company Secretary informed the Members that, The Company had appointed Mr. Kashyap Shah, Practising Company Secretary, as the Scrutiniser for the purpose of scrutinising the process of remote e-voting held prior and e-voting during the AGM. The Statutory Auditors, Internal Auditors and Secretarial Auditor, have expressed unqualified opinion in their respective audit reports for the financial year 2021-2022 and there were no qualifications, observations or adverse comments on financial statements and matters, which have any material bearing on the functioning of the Company and hence, it was not required to be read.

The Chairman thereafter delivered a speech to the members of the Company and thanked the Banker, Government Authorities & their various departments and Hotel team.

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Regd. Office : GRAND MERCURE Vadodara Surya Palace , Sayajigunj, Vadodara – 390 020 Phone No. : 0265-2363366,2226000,2226226 Fax No. : 0265-2363388 Website : www.suryapalace.com CIN No.: L18119GJ1984PLC006922 e-mail : share@suryapalace.com

JINDAL HOTELS LIMITED

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Resolution Resolutions
No.
Ordinary Business
1 Adoption of Audited Financial Statements, Boards’ Report and Auditors Report for
the financial year ended on March 31, 2022.
2 Re - Appointment of Mr. Satvik Agrawal, Director, retiring by rotation
3 Re-appointment of Statutory Auditors and fix their remuneration
Special Business
4 Appointment of Ms. Palak Gandhi as an Independent Director of the Company
5 Purchase of Immovable Property
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On the invitation, Member who had registered themselves as speaker was called and raised some questions. Mr. Piyush D. Shah, the Managing Director of the Company provided all the information and answers as sought by the Shareholder to their satisfaction.

Conclusion of the Formal Business

The Chairman announced that this brings to a conclusion of the formal business of the meeting and he declared the meeting as closed at 4:50 p.m. [there after being opened for 15 minutes for e-voting to be completed].

Vote of Thanks

Mr. Jatil Patel, Independent Director, proposed a vote of thanks to the Chair and the members of the Company and announced that the e-voting results along with the consolidated Scrutiniser’s Report shall be informed to Stock Exchange and also be placed on the website of the Company, LinK Intime India Pvt. Ltd. and Stock Exchange.

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Place: Baroda Date: 13.07.2022

Mansi Vyas

Company Secretary

Regd. Office : GRAND MERCURE Vadodara Surya Palace , Sayajigunj, Vadodara – 390 020 Phone No. : 0265-2363366,2226000,2226226 Fax No. : 0265-2363388 Website : www.suryapalace.com CIN No.: L18119GJ1984PLC006922 e-mail : share@suryapalace.com