Josts Engineering Co. Ltd. — AGM Information 2023

Sep 18, 2023

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Diverse Technology Integrated Approach

Jost's Engineering Company Limited

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C-7 Wagle Industrial Estate, Road No -12, Thane -400604, India +91-022-62674000 sales@josts.in www.josts.com

18[th ] September, 2023

The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai— 400001

Dear Sir,

Scrip Code- 505750

Subject: Proceedings of the Annual General Meeting held on 18[th] September, 2023

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, enclosed please find herewith proceedings of the 116[th] Annual General Meeting of the Company held on 18[th] September, 2023.

Kindly acknowledge the receipt and do the needful.

Thanking You,

Yours faithfully, For Jost’s Engineering Company Limited

Babita Digitally signed by Babita Kumari Date: 2023.09.18 Kumari 15:53:29 +05'30'

Babita Kumari Company Secretary M. No. A40774

Encl.: As above

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Regd. Office: Great Social Building, 60 Sir Phirozeshah Mehta Road, Mumbai- 400001, India

jostsho@josts.in

CIN: L28100MH1907PLC000252

+91-022-22704071

C-7 Wagle Industrial Estate, Road No -12, Thane -400604, India +91-022-62674000 sales@josts.in www.josts.com

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Jost's Engineering Company Limited

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Diverse Technology Integrated Approach

SUMMARY OF PROCEEDINGS OF THE 116[TH] ANNUAL GENERAL MEETING OF THE JOSTS ENGINEERING COMPANY LIMITED HELD ON MONDAY, 18[TH] SEPTEMBER, 2023 THROUGH VIDEO CONFERENCING (“VC”) AND OTHER AUDIO VIDEO VISUAL MEANS (“OAVM”) AT 02:00 P.M.

Mr. Jai Prakash Agarwal (DIN: 00242232), Chairman and Whole Time Director, took the Chair. The directors present at the meeting introduced themselves. After ascertaining the requisite quorum was present, the Company Secretary with the permission of the Chairman called the meeting in order. He then informed that the meeting was held through VC/OAVM.

The Company Secretary informed the members that the Statutory Registers maintained as per the Companies Act, 2013, were kept open electronically for inspection by the members during the AGM. With the permission of the Chairman, Notice of the Annual General Meeting was taken as read. He further informed the Members that there were no qualification remarks reported by the Statutory Auditors and necessary explanations to the observations made by Secretarial Auditor in their Secretarial Audit Report has been given in Directors Report. The Company Secretary appraised the members’ w.r.t. remote e-voting facility and e-voting system during the AGM.

The Chairman addressed the members and briefed on the workings of the Company. On invitation, the Members who were registered as Speaker members, sought their clarification through VC/OAVM. The Chairman responded to the queries of the members and provided clarifications to their satisfaction.

Mr. Akshay Gupta, Proprietor of Akshay Gupta & Co., Company Secretaries, (Membership No. 56911, CP No. 21448) was appointed by the Board as the Scrutinizer for scrutinizing the entire e-voting process i.e. remote e-voting and e-voting during the AGM in a fair and transparent manner.

The Company Secretary informed that the members who have not cast their vote through remote e- voting on the following resolutions as per the Notice of the AGM dated 14[th] August, 2023, may cast their vote through e-voting system provided during the AGM.

Following businesses were transacted at the AGM:

Resolution No.	Resolution	Type of Resolution (Ordinary/Special)
Ordinary Business
1.	To receive, consider and adopt the Audited Standalone Financials Statements of the Company for the financials year ended March 31, 2023 together with the Reports of Directors’ and Audiors’ thereon; and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with report of Auditors thereon.	Ordinary Resolution

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Regd. Office: Great Social Building, 60 Sir Phirozeshah Mehta Road, Mumbai- 400001, India

jostsho@josts.in CIN: L28100MH1907PLC000252

+91-022-22704071

2.	To declare a dividend on Equity Shares for the financial year ended March 31, 2023	Ordinary Resolution
3.	To appoint a director in place of Mrs. Shikha Jain (DIN:06778623), who retires by rotation at this Annual General Meeting and being eligible, has offered herself for re-appointment.	Ordinary Resolution
Special Business
4.	To re-appoint Mr. Jai Prakash Agarwal (DIN:00242232) as an Executive Chairman (i.e. Chairman and Whole Time Director) of the Company for a period of 3 (Three) consecutive years, commencing from 1st April, 2024 till 31stMarch, 2027.	Ordinary Resolution
5.	To re-appoint Mr. Vishal Jain (DIN:00709250) as the Managing Director & Chief Executive Officer of the Company for a period of 3 (Three) consecutive years, commencing from 4thOctober, 2023 till 3rdOctober, 2026	Ordinary Resolution
6.	To ratify the remuneration payable to the Cost Auditor appointed by the Board of Directors of the Company for the financial year 2023-24.	Ordinary resolution

It was informed that e-voting results along with consolidated Scrutinizer’s Report shall be informed to the Stock Exchange and also be placed on the website of the Company as well as on the website of CDSL.

Thereafter, the Chairman thanked all the Members for their participation in AGM. The meeting concluded at 02:37 P.M The E-voting facility was kept open for next 15 minutes to enable the Shareholders to cast their vote.

This is for your information and record.

For Jost’s Engineering Company Limited

Babita Digitally signed by Babita Kumari Kumari Date: 2023.09.18 15:54:29 +05'30'

Babita Kumari Company Secretary M. No.: A40774