Jyoti Ltd. — AGM Information 2019

Nov 28, 2019

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By Electronic Mode

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Jyoti Ltd.
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® Water • Power • Progress Nanubhai Amin Marg, Industrial Area, P.O. Chemical Industries, Vadodara-390 003. (India) Phone : 3054444 Fax : ++91-265-2281871 2280671 E.Mail : jyotiltd@jyoti.com Website : http://www.jyoti.com CIN: L36990GJ1943PLC000363

28 [th ] November, 2019

The General Manager DSC-CRD

(Corporate Relationship Department) BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street

Mumbai-400 001

SCRIP CODE: 504076

Sub: Gist of· proceedings of the Annual General Meeting of Jyoti Ltd held on 28 [th ] November, 2019.

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

The 75 [th ] (Seventy Fifth) Annual General Meeting of the members of the Company was held on Thursday, the 28 [th ] November, 2019 commenced at 9:00 am at the registered office of the Company at Nanubhai Amin Marg, Industrial Area, P.O. Chemical Industries, Vadodara - 390 003.

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The Company Secretary informed the members that the Notice of the AGM was given to all the shareholders of the Company and to those who were entitled to receive the same.

The Company Secretary further informed the Shareholders that the Company. has not received pre-requisite approval from all the secured creditors and therefore the Resolution No. 3 of the notice of 75 [th ] Annual General Meeting dated 26 [th ] September, 2019 pertaining to re-appointment of Mr. Rahul Amin as Managing Director of the Company was withdrawn. In this regard the Company has given notice in the Indian

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Jyoti Ltd.
® Water • Power • Progress
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Express and Financial Express (Gujarati) published on 20 [th ] November, 2019 to all the Shareholders _of the Company.

The Company Secretary further informed the Shareholders that in view of the Notice published on 20 [th ] November, 2019 voting on Resolution No. 3 Pertaining to re­ appointment of Mr. Rahul Amin as Managing Director of the Company is not required to be considered by the Shareholders.

Mr. Rahul Amin, Chairman of the Company occupied the chair and after ascertaining required quorum, the Meeting proceeded further. The quorum was present throughout the meeting.

The following documents/ Registers of the Company remained open and accessible for inspection during the continuance of the AGM:

1. Financial Statements for the Financial Year ended as on 31 [st ] March, 2019 including the consolidated financial statements for the said financial year and Reports of Board of Director's and Auditor's thereon.

2. Register of Directors and Key Managerial Personnel and their Shareholding.

3. Register of Contracts.

As there is no qualification raised by Auditors in Auditor's report, therefore there was no need to read the Auditor's report.

The Chairman then gave the overview of the financial performance of the Company for the financial year ended 31 [st ] March, 2019 and its future outlook.

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The Chairman briefly covered the items of business before the AGM and inquired from the members present if they require any clarification on them, particularly on the Financial Statements of the Company. Some of the members raised queries on Financial Statements of the Company which were satisfactorily replied by the Chairman and CFO.

The Chairman drew attention to the members that pursuant to provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, Company has provided an opportunity to all members for casting their votes electronically in respect of the businesses to be transacted at the Annual General Meeting except Resolution no. 3 which was not required to be considered for voting in view of the Notice published on 20 [th ] November, 2019. E-voting

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commenced at 10.00 a.m. on 25[th ] November, 2019 and ended at 5.00 p.m. on 2?'h November, 2019.

He also informed the members that Company has provided an option to the shareholders who were present at the AGM and who had not been able to cast their votes by remote e-voting may avail the facility of voting through ballot paper provided at the AGM venue.

He also added that Mr. Ravi Kapoor, Proprietor of Mis. Ravi Kapoor & Associates, Practicing Company Secretaries, has been appointed as Scrutinizer by the Board to conduct the e-voting in a fair and transparent manner and Scrutinizer's report along with e-voting result will be placed on the website of the Company in due course of time and intimation of the same will be given to the Stock Exchange and CDSL.

The meeting concluded with a vote of thanks to the Chairman at 9.30 a.m.

Thanking you.

Yours faithfully, For Jyoti Limited

t Q l/

CS S. Singhal Vice Presiden.t (Legal) & Company Secretary M. No. F8289

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