Keltech Energies Ltd. — AGM Information 2024

Aug 9, 2024

KELTECH KEL ENERGIES

Ref: KEL/SEC/BSE/2024-25

Date: August 09, 2024

To, The Senior General Manager, (Listing Compliance Manager) BSE Limited 24[th] Floor, P.J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 506528

Respected Sir/Madam,

Sub: Proceedings of the 47[th] Annual General Meeting of the Company held on August 09, 2024

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

With reference to the above cited subject, this is to inform you that the 47[th] Annual General Meeting of the Company was held on Friday, August 09, 2024, at 03:00 P.M. (IST) through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM").

Enclosed herewith the Summary of Proceedings of the AGM of the Company as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereof.

Kindly take the same on records.

Thanking you.

For Keltech Energies Limited

POONAM Digitally signed by POONAM DHAGALARAM DHAGALARAM CHOUDHARY Date: 2024.08.09 CHOUDHARY 17:16:24 +05'30'

POONAM D CHOUDHARY

Company Secretary and Compliance Officer

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CHOWGULE GLOBAL

KELTECH ENERGIES LIMITED

CIN : L30007KA1977PLC031660

Registered Office: Embassy Icon, 7th Floor, No 3, Infantry Road, Bangalore 560001, India Tel: +91 80 222 57900 / 222 51451 email: info@keltechenergies.com www.keltechenergies.com

KELTECH KEL ENERGIES

SUMMARY OF PROCEEDINGS OF THE 47[TH] ANNUAL GENERAL MEETING

The 47[th] Annual General Meeting (AGM) of the Members of Keltech Energies Limited ('the Company') was held on Friday, August 09, 2024, at 03:00 P.M. (IST) through Video Conferencing (VC)/ Other Audio Visual Means (OAVM). The Meeting was held in compliance with the Ministry of Corporate Affairs (MCA) circular dated April 8, 2020 read with circulars dated April 13, 2020, May 5, 2020, January 13, 2021, December 8, 2021, December 14, 2021 and May 5, 2022, December 28, 2022, and September 25, 2023 and other applicable provisions of SEBI (LODR) Regulations, 2015.

Mr. Vijay Chowgule, Non-Executive Director and Chairperson, chaired the meeting which was conducted through Video Conference. He welcomed the Members and informed that the quorum of Members, as required under law, was present. The Company had taken requisite steps to enable Members to participate and vote on the items specified in the Notice of the AGM. He further informed that the Statutory Registers required to be kept for inspection during the AGM were available electronically. Notice of 47[th] AGM and Annual Report for the Financial Year 2023-2024 were sent by e-mail to the Members whose e-mail addresses were registered with Canbank Computer Services Limited, RTA of the Company or the Depository Participant(s). Those Members who had not registered their e-mail addresses, could access the Annual Report through the Company's website or Stock Exchange website viz. BSE Limited.

With the consent of the members present, the Notice convening the meeting and the Auditors' Report on the Standalone Financial Statements were taken as read. On request of the Chairman, the Vice-Chairman then delivered his speech and the members who had registered themselves as speakers were invited to express their views. Thereafter, Mr. Mahesh Wataney, Managing Director, replied to the queries raised by the speaker shareholders, to the satisfaction of the members.

The following items of business, as per the Notice of AGM dated July 10, 2024, were transacted at the Meeting:

ORDINARY BUSINESS:

1. Adoption of the Audited Balance Sheet as at 31[st] March 2024, Statement of Profit and Loss (including other Comprehensive Income), the Statement of Changes in Equity and the Cash Flow Statement for the financial year ended on 31[st] March, 2024 together with the Reports of the Directors and Auditors thereon.

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CHOWGULE GLOBAL

KELTECH ENERGIES LIMITED

CIN : L30007KA1977PLC031660

Registered Office: Embassy Icon, 7th Floor, No 3, Infantry Road, Bangalore 560001, India Tel: +91 80 222 57900 / 222 51451 email: info@keltechenergies.com www.keltechenergies.com

KELTECH KEL ENERGIES

1. For the Financial Year ended 31[st] March, 2024, Final Dividend @ Rs. 1.50 per share on 10,00,000 Equity Shares of the face value of Rs. 10/- each aggregating Rs. 15,00,000/- was recommended by the Board and approved by the Members in the AGM held today, to those Members of the Company whose names appear in the Register of Members of the Company as on August 02, 2024.

2. To appoint a Director in place of Mr. Santosh Laxmanrao Chowgule (DIN: 00097736), Executive Director and Vice-Chairperson, who retires by rotation and being eligible offers himself for reappointment and, in this regard, to consider and, if thought fit, to pass the following resolution as Ordinary Resolution.

3. Appointment of Mr. Vikas Vinayak Deodhar, Practising Cost Accountant, Membership No. 3813 as Cost Auditor to conduct the Cost Audit of the Company for the Financial Year 2024-2025.

SPECIAL BUSINESS:

AS A SPECIAL RESOLUTION

1. Re-appointment of Mr. Prashant Khatau Asher (DIN: 00274409) as Non-Executive – Independent Director of the Company for a period of five years with effect from May 17, 2024 till May 16, 2029, not liable to retire by rotation.

2. Appointment of Ms. Janhavi Rajeev Apte Kothari (DIN: 00003673) as Non-Executive – Independent Director of the Company for a period of five years with effect from July 15, 2024 till July 14, 2029, not liable to retire by rotation.

3. To appoint a Director in place of Mr. Vijay Vishwasrao Chowgule (DIN: 00018903), Non-Executive – Non-Independent Director, who retires by rotation and being eligible offers himself for reappointment.

4. Approval of the Managerial Remuneration to be paid to Mr. Santosh Laxmanrao Chowgule (DIN: 00097736), Executive Director and Vice-Chairperson of the Company.

5. Approval of the Managerial Remuneration to be paid to Mr. Mahesh Vijay Wataney (DIN: 09631354), Managing Director of the Company.

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CHOWGULE GLOBAL

KELTECH ENERGIES LIMITED

CIN : L30007KA1977PLC031660

Registered Office: Embassy Icon, 7th Floor, No 3, Infantry Road, Bangalore 560001, India Tel: +91 80 222 57900 / 222 51451 email: info@keltechenergies.com www.keltechenergies.com

KELTECH KEL ENERGIES

The Board of Directors have appointed Mr. Swaroop Suryanarayana, Proprietor of M/s. Swaroop Suri and Associates, Practicing Company Secretaries, Bengaluru, as the Scrutinizer to supervise the e-voting and Poll.

All the items of business as mentioned in the Notice convening the said Annual General Meeting have been transacted and all the Resolutions have been passed by the Shareholders by requisite majority either by remote e-voting or through Poll conducted during the Annual General Meeting.

The Annual General Meeting concluded at 03:28 P.M. (IST).

The combined Scrutinizer's Report on remote e-voting and Poll shall be intimated to the Stock Exchange & uploaded on the website of the Company and RTA’s website.

This is for your information and record.

Thanking you.

For Keltech Energies Limited

POONAM Digitally signed by POONAM DHAGALARAM DHAGALARAM CHOUDHARY Date: 2024.08.09 17:15:37 CHOUDHARY +05'30'

POONAM D CHOUDHARY

Company Secretary and Compliance Officer

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CHOWGULE GLOBAL

KELTECH ENERGIES LIMITED

CIN : L30007KA1977PLC031660

Registered Office: Embassy Icon, 7th Floor, No 3, Infantry Road, Bangalore 560001, India Tel: +91 80 222 57900 / 222 51451 email: info@keltechenergies.com www.keltechenergies.com