KNR Constructions Limited — AGM Information 2021

Sep 30, 2021

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Date: 30[th] September 2021

Ref: KNRCL/SD/2021/333&334

To, The Manager, BSE Limited, PJ Towers, Dalal Street, Fort,Mumbai- 400001	To, The Manager, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra(E),Mumbai – 400051.

Dear Sir/Madam,

Sub: Proceedings of 26[th] Annual General Meeting of the Company

We refer to the above captioned subject, we herewith submit to you proceedings of the 26[th] Annual General Meeting of the Company held on 29[th] September 2021.

We apologise for the short delay in submitting the same due to technical issues at our end.

This is for the information and records of the Exchange, please.

Thanking you,

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Encl. as above

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PROCEEDINGS OF THE 26[TH] ANNUAL GENERAL MEETING OF KNR CONSTRUCTIONS LIMITED HELD ON WEDNESDAY, 29[TH] SEPTEMBER 2021 AT 03:30 PM THROUGH VIDEO CONFERENCING(VC)/OTHER AUDIO VISUAL MEANS (OAVM)

DIRECTORS PRESENT:

a) Shri B V Rama Rao - Independent Director & Chairman b) Shri L B Reddy - Independent Director c) Smt G Chandra Rekha - Independent Director d) Smt K Yashoda - Non-Executive Director e) Shri K Narsimha Reddy - Managing Director f) Shri K Jalandhar Reddy - Executive Director

ALSO PRESENT:

a) Mr. K Vishwanath - Partner, M/s K P Rao & Co, Statutory Auditors b) Mr. Mohan Lavi - Partner M/s K P Rao & Co., Statutory Auditors c) Mr. S Vaikuntanathan - Vice-President (F & A) d) Mrs. Haritha Varanasi - Company Secretary e) Mr. Vikas Sirohiya - PCS, Scrutinizer

MEMBERS PRESENT:

As per the attendance registered on the e-voting portal

The meeting was commenced at 03:30 PM and concluded at 04:40 PM upon closure of e-voting.

• a) Mrs. Haritha Varanasi, Company Secretary welcomed the members to the 26[th] Annual General Meeting (AGM) of the Company and introduced the Board of Directors, Auditors and Scrutinizer present in the meeting,

• b) Shri B V Rama Rao, Chairman of the Company extended warm welcome to the members present at the meeting. After the requisite quorum is ascertained, the meeting was called to order and commenced the proceedings.

• c) Shri B V Rama Rao presented his address highlighting the business operations, future prospects, industry scenario etc.

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• d) With the consent of the members present, the notice convening the 26[th] AGM was taken as read.

• e) The Auditors were requested to read out their report on the audited financial statements of the Company for the financial year ended 31[st] March 2021.

Thereafter, Mr. Mohan Lavi, Partner, K.P. Rao & Co, Chartered Accountants, the Statutory Auditors, read out the report.

• f) Thereafter queries from members were invited. The Company Secretary invited the members who had registered themselves as speakers for the question and answer session and read out the names placed in serial order.

• g) The members’ queries were answered by Shri K Jalandhar Reddy, Executive Director, Shri S Vaikuntanathan, Vice-President (F &A) on behalf of the Company.

• h) The Company Secretary, with the permission of the Chair, had taken up the resolutions specified in the Notice of 26[th] AGM in chronological order for the purpose of voting. She informed the members that the remote e-voting facility was provided from 26[th] September 2021 and ended on 28[th] September 2021.

Item No.1:

To receive, consider and adopt

(a) the audited Statement of Profit and Loss for the financial year ended 31[st] March, 2021 and the Balance Sheet as on that date together with the Report of the Board of Directors and Auditors thereon; and

(b) the audited consolidated Statement of Profit and Loss for the financial year ended 31st March, 2021 and the Balance Sheet as on that date together with the Report of Auditors thereon.

-- Proposed as Ordinary Resolution

Item No.2:

To declare final Dividend of Rs. 0.25 Per Equity share of Rs. 2.00 each to the Shareholders for the financial year 2020-2021

-- Proposed as Ordinary Resolution

Item No. 3:

To appoint a Director in place of Shri K Jalandhar Reddy (DIN:00434911), who retires by rotation and being eligible, offers himself for reappointment.

-- Proposed as Ordinary Resolution

Item No. 4:

Ratification of remuneration of the Cost Auditors for the financial year ending 31.03.2022

-- Proposed as Ordinary Resolution

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Item No.5:

Sale/disposal and transfer of entire stake in KNR Shankarampet Projects Private Limited, a material wholly owned subsidiary of the Company

--Proposed as Special Resolution

Item No.6:

Sale/disposal and transfer of entire stake in KNR Srirangam Infra Private Limited, a material wholly owned subsidiary of the Company

--Proposed as Special Resolution

Item No.7:

Sale/disposal and transfer of entire stake in KNR Tirumala Infra Private Limited, a material wholly owned subsidiary of the Company

--Proposed as Special Resolution

• i) The Company Secretary instructed the members, who have not cast their votes through remote e-voting, to cast their votes in respect of all the resolutions proposed in the notice during the AGM.

• j) The Company Secretary informed the members that the results of e-voting will be declared within 48 hours from the conclusion of AGM and the same shall be placed in the website of the Company (www.knrcl.com) and CDSL (E-voting agency) along with the report of the scrutinizer. Simultaneously, the same will be submitted to the Stock Exchanges, BSE Limited and National Stock Exchange of India Limited.

• k) The Chairman extended vote of thanks to the members attended the meeting and declared the meeting as concluded.

Thanking you,

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