KNR Constructions Limited — AGM Information 2019

Oct 1, 2019

Dated 1st October 2019

Ref: KNRCL/SD/2019/158 & 159

To Dept. of Corporate Services, BSE Limited P J Towers, Dalal Street, Fort, MUMBAI - 400001

BSE Code: 532942

To National Stock Exchange of India Limited "Exchange Plaza", Bandra Kurla Complex, Bandra (E), MUMBAI - 400051

NSE Code: KNRCON

Sir.

Sub: - Proceedings of the 24th Annual General Meeting

Ref: - KNR Constructions Limited

With reference to the above, please find attached the proceedings of the 24th Annual General Meeting of the Company held on 30.09.2019 at Hotel Lemon Tree, Hitech City, Madhapur, Hyderabad - 500081 as required under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

This is for your records.

Yours sincerely, For KNR Constructions Limited

M. V. Venkata Rac

M. V. VENKATA RAO Company Secretary

PROCEEDINGS OF 24th ANNUAL GENERAL MEETING OF KNR CONSTRUCTIONS LIMITED HELD ON MONDAY, 30TH SEPTEMBER, 2019 AT 10:00 A.M. AT HOTEL LEMON TREE, HITECH CITY, MADHAPUR, HYDERABAD - 500081.

MEMBERS PRESENT:

As per the members register

DIRECTORS PRESENT:

• 1. Shri B V Rama Rao, Independent Director & Chairman
• 1. Shri L B Reddy, Independent Director
• 1. Smt G C Rekha, Independent Director
• 1. Smt K Yashoda, Non-Executive, Non-Independent Director
• 1. Shri K Jalandhar Reddy, Executive Director & CFO

ALSO PRESENT

• 1. Mr. K Viswanath, Partner, M/s K P Rao & Co.,
• 1. Mr. S Vaikuntanathan, Vice President (F&A)
• 1. Mr. M V Venkata Rao, Company Secretary
• 1. Mr. Vikas Sirohiya, Scrutinizer

The meeting commenced at 10:00 A.M. (IST) and concluded at 12:30 A.M. $(IST)$

• 1. Mr. M V Venkata Rao, Company Secretary welcomed the members to the 24th Annual General Meeting (AGM) of the Company and introduced the Directors and, the Auditors present in the meeting.
• 1. Shri B V Rama Rao, Chairman of the Company extended a warm welcome to all persons present in the AGM. After ascertaining the presence of requisite quorum, he called the meeting to order and commenced the proceedings.
• 1. Shri B V Rama Rao presented his address highlighting the business operations, future prospectus, industry scenario etc.
• 1. The Company Secretary informed the members that the Register of Directors Shareholding and other statutory registers were available for inspection by the members during the meeting.

• 1. With the consent of members Present, the notice convening 24th ACM was taken as read.
• 1. 'I'he Auditors ,verc roquested to read out their Report on the audited annual accounts of thc Company for the financial ycar ended 31't March,20-19. Thercafter, Shri K Viswanath, Partner, M/s. K P Rao & Co. Chartered Accountants, tl-re Statutory Auditor, read out his Report.
• 1. Thcrcafter the Chairman invited the members to express their queries, if any.
• 1. Mcmbers soug,ht additional information on the business operations pending, claims aud ongoing,,, projects of the Company,.
• 1. The Chairman along with the management team rcsponcled to the querics from mcmbers. Ile cxpressed his g,ratitude to the member:s for the faith reposcd b1' them in the management of the Company.
• -10. Therreaftcr', the Company Secretary informed that in compliance with the provisions of Section 108 of the Companies Act, 2013 rcad with thc Cornpanies (Management and Administration) Rules, 2014, antl amcndments thcrcto, voting on business itcms of the AGM is being carricd out tl-rrough electronic meal1s as well as through physical poll. Iie lurthcr infc'rrmcd ihat the remote c- voting Proccss has becn completed as per the schedule, for wllich Mr. Vikas Sirohiva, Company Secrctarv in Practice was appointcd as the Scrunitizer. f'he results of the saicl e-voting will be declared in consolidation with the outcome of phvsical poll.
• 1. I Ie further in{ormecl that the Company has made tlcccssarv arrangcmcnts {or voting through physical poll for such sharcholders rt ho did not carst their vote through remote e -voting. 'I'he Companl' Sccrt-.tary then c'xplaint-'d the pool proccdure to the membcrs.
• 1. I Ie further informed that Mr. Vikas Sirohiya, Company Sccretarv in Practicc was appointcd as the Scrutinizer to monitor the e-voting and poll at the venuc of the AGM in order to ensure fairness and transparcncv o{ tlrc r.otin8.. ,;a:,

The Chairman then informed the meeting that the results of the evoting will be declared in consolidation with the outcome of physical poll within forty-eight hours of conclusion of the Annual General Meeting. The same will be placed on the website of the Company and that of the CDSL- the e voting agency along with the report of Scrutinizer. Simultaneously, the same will be forwarded to the Stock Exchanges, BSE Limited and National Stock Exchange of India Limited.

1. Thereafter, as per the notice of the AGM, the business items were taken up in chronological order.

The Company Secretary read out the business items and indicated the type of resolution required in each case.

Item No. 1

Adoption of audited financial statements for the Financial Year ended 31st March, 2019, the Reports of the Board of Directors and Auditors thereon.

• proposed as Ordinary Resolution

Item No. 2

Declaration of divided $\omega$ Rs. 0.40/- per equity share of Rs. 2/- each for the year ended 31st March 2019

• proposed as Ordinary Resolution

Item No. 3

Re-appointment of Shri K Jalandhar Reddy, as Director of the Company liable to retire by rotation

• proposed as Ordinary Resolution

Item No. 4

Approval of Remuneration of the Cost Auditors

• proposed as Ordinary Resolution

• 1. The Company Secretary, then requested the members to fill up the poll papers and drop the same in the Ballot box provided for the said purpose.
• 1. Upon the request of the Chairman, the Company Secretary extended vote of thanks

1. The Chairman declared the meeting as concluded.