Kaushalya Infrastructure Development Corporation Ltd — AGM Information 2021

Sep 24, 2021

=INFRASTRUCTURE= KAUSHALYA An ISO 9001-2008 Company

Date: 24th September, 2021

THE LISTING DEPARTMENT, BSE Ltd. (Designated Stock Exchange) PJ Towers, Dalal Street, Mumbai- 400 001

THE LISTING DEPARTMENT, National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051

Stock Code, BSE: 532925 NSE: KAUSHALYA

Dear Sir/ Madanm,

Sub: Summary of proceedings of 29th Annual General Meeting ("AGM)

The 29th Annual General Meeting (AGM) of the Company was held through two-way Video Conferencing/ Other Audio Visual means on 24th September, 2021 at 2.00P.M. and the business as contained in the Notice of AGM dated August 13, 2021 were transacted.

In this regard, please find enclosed the Summary of proceedings as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The summary of proceedings of the 29th AGM is also available on the company's website i.e. www.kaushalva.net

This is for your information and records

Thanking You.

Yours Faithfully,

For Kaushalya InfrastrudtgP'IDeaCorp. Ltd. Sanjay BalCupta Whole-time Director Company Secretary KOLIATA ISnyX *

Encl: as above

SUMMARY OF PROCEEDINGS OF THE 29TH ANNUAL GENERALMEE ("AGM) OF THE SHAREHOLDERS OF KAUSHALYA INFRASTRUCT DEVELOPMENT CORPORATION LIMITED ("THE COMPANY") HELD ON THE 24TH DAY OF SEPTEMBER, 2021 AT 02:00 P.M. THROUGH TWO-WAI CONFERENCING (V.C)/OTHER AUDIO VISUAL MEANS (OAVM) FACILI

Ihe 29th Annual General Meeting (AGM) of the Members of Kaushalya Intrastructure Development Corporation Limited was held on Friday, September 24, 2021 M at 020 (IST) through video conferencing and other audio-visual means.

The meeting commenced at 02:00 PM and concluded at 02.47 IPM

Mr. Mahesh Mehra, Whole-time Director, was unanimously elected as the Chairman ot the meeting.

ll the Directors of the Company attended the meeting through video-conterencing

Mr. Ram Krishna Mondal, Independent Director and Chairman of Nominatio and Remuneration Committee could not attend the meeting due to his pre-oCcupation elsew here

The meeting was also attended by Mr. B. K. Barik, Secretarial Auditor of the Company and Md. Shahnawaz, Proprietor of M. Shahnawaz & Associates, Scrutinizer for the AGM

The Chairman informed that this AGM is being held through video conterencing in accordance with the circulars issued by the Ministry of Corporate Affairs and SEBI. 1he shareholders were informed by the Chairman that Notice along with Annual Report was sent on the registered e-mail ID of the shareholders.

The Chairman asked Mr. Sanjay Lal Gupta, the Whole-time Director & Company Secretary to confirm the numbers of Members present and the Company Secretary, contirmed that 45 members were present and attending the meeting through video-conferencing and that the requisite quorum was present. The requisite quorum being present, the Chairman called the meeting to order.

The notice of AGM and Director's Keport were taken as read with the permission of the nembers present.

The Chairman then asked the Company Secretary to read the Statutory Auditor and Secretarial Auditor Report of the Company.

The Company Secretary intormed that both the Statutory Auditor and Secretarial Auditor Report does not contain any qualifications, Observations or comments or remarks which may have any adverse ettect on the functioning of the Company. Consequently, both the Statutory Audit and Secretarial Audit Keport were taken as read, as per section 145 of the Companies Act, 2013 read with Secretarial Standard-2 issued by Institute of Company Secretaries ot India.

Ihe Company Secretary also briefed about relevant noints for smooth conduct meeting through Video Conferencing facility. the

The proceedings were then handed over to the Chairman.

Ihe Chairman informed that the Company had provided members the facility to cast c vote electronically on all resolutions set forth in the Notice. He informed that e-voting Wi be kept open till 30 minutes from the conclusion of the meeting

It was further informed that there would be no voting by ballot paper,

The Chairman informed that M. Shahnawaz & Associates, Practicing Company Secretaries were appointed as Scrutinizer to conduct the e-voting process in a fair and transparent manner.

Further, there were certain members who have registered themselves for asking their queries and clarifications related to working of the Company, All the queries were suitably replied to their satisfaction.

The following items of business, as per the AGM Notice dated 13th August, 2021, were transacted at the meeting:

No.	Resolutions	Type of Business
1.	Toreceive,considerandtheFinancialadoptStatements (Standalone and Consolidated FinancialStatements) of the Company for the year ended 31stMarch, 2021together withthereport of Board ofDirectors and Auditor's Report thereo	Ordinary Business
2.	To appoint aDirector in place of Mr. Tarak NathMishra (DIN- 08845853), Whole-time Director & ChiefFinancial Officer who retires by rotation and beingeligible, offers himself for re-appointment.	Ordinary Business
	To appoint M/s. Barkha & Associates, CharteredAccountants, (FRN.: 327573E) as Statutory Auditor ofthe Company and to fix their remuneration	Ordinary Business

The Chairman informed the members that the voting results (remote e-voting and e-voting at the AGM) will be announced within 48 hours from the conclusion of the AGM and will also be intimated to stock exchanges and posted on the website of the Company.

The Chairman then thanked the members for attending the meeting and thereafter concluded the meeting.