Kolte-Patil Developers Ltd — AGM Information 2019

Sep 21, 2019

Poge ol of o*

*

To, The Assistant Manager, National Stock Exchange of India Limited Listing Department,'Exchange Plaza', Bandra Kurla Complex, Bandra (East), Mumbai - 400051

To, The General Manager, BSE Limited, Corporate Relationship Department, 1st floor, Phiroze Jeejeebhoy Towers, DalalStreet, Mumbai - 400001

Date:2l September 2019

Sub: submission of proceedings of 28th Annual General Meeting of the company

Ref: NSE Symboland Series: KOLTEPATIL and EQ BSE Code and Scrip Code: 9624 and 532924

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we hereby submit the proceedings of the 28h Annual General Meeting of the Company held on Saturday, 21 September 2019 at 10.30 AM at Palladium, Residency Club, General A.K. Vaidya Marg, Pune - 411 001.

The voting result along with Scrutinizer's report will be submitted after receipt of scrutinizer's report.

This is for your information and record.

Thanking you,

velopers Limited

Company Secretary and Compliance Officer Membership No. A13258

Encl.: As above

KOLTE. PATI L D EVELOPERS LTD.

CIN : L452OOPN1991 PLCl 29428

Punc Rcgd. Ofiicc : 2nd l:loor, City Point, Dhole Patil Road, Pune 41 1001. Maharashtra, India. Tel.: +91 20 6622 6500 l:ax : *91 20 6622 6511 Bangalorc Office: 121, l'he Estatc Building, lOth floor, Dickcnson Road, Bangalore 560042, India. Tel.: O8O- 4662 4444 122243135 122242803 Wcb.: www,koltcpatil.com

PROCEEDINGS OF 28TH ANNUAL GENERAL MEETING OF THE MEMBERS OF KOLTE.PATIL DEVELOPERS LIMITED HELD ON SATURDAY, 21 SEPTEMBER 2019 FROM 10.30 AM TO 11.00 AM AT PALLADIUM, RESIDENCY CLUB, GENERAL A.K. VAIDYA MARG, PUNE - ⁴¹¹ 001.

Directors present:

Mr. Rajesh Patil Mr. Milind Kolte Mrs. Sunita Kolte Mr. Prakash Gurav Mr. Jayant Pendse Mr. Umesh Joshi Mr. G L Vishwanath Mrs. Manasa Vishwanath ln attendance:	Chairman and Managing Director and Member Executive Director and Member Non-Executive Director and Member Independent Director and Chairman of Audit Committee Independent Director and Chairman of Nomination and Remuneration Committee Independent Director and Chairman of Stakeholders Relationship Committee Independent Director Independent Director
Mr. GopalSarda	Chief Executive Officer
Mr. Atul Bohra	Chief Financial Officer
Mr. Vinod Patil	Company Secretary

Mr. Rajesh Patil, Chairman took the Chair.

The Chairman made the following announcements that:

• l. The requisite quorum was present and therefore, called the meeting to order.
• ll. Mr. Naresh Patil Vice Chairman, and Mrs. Vandana Patil Non-Executive Director due to personal reason, were unable to attend 28th Annual General Meeting.
• lll. The Chairman of Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and representatives of Statutory Auditors and Secretarial Auditors are being present at the meeting.
• lV. The instruments of Proxy, Auditors' Report and Register of Directors and Key Managerial Personnel maintained under Section 170 (1) of the Companies Act, 2013 and Register of Contracts with Related Party maintained under section 189 (1) of the Companies Act, 2013 are available for inspection.
• V. The Company has received 3 proxies representing 2,91,13,711 equi\$ shares.
• Vl. The Company has not received any representation from Bodies Corporate.

Vll. There are no qualifications, observations or comments on financial transac{ions or matters. in the auditor's report having any adverse effect on the functioning of the Company.

The e-voting facility was kept open for a period of three days from Wednesday, 1g September 2019 at 09.00 A.M. to Friday, 20 September 2019 at bs.OO p.M. The Members who had not cast their votes electronically, were provided an opportunity to cast their votes at the Meeting through Ballot papers.

Vlll. Mr. Sridhar Mudaliar, Partner of M/s. SVD & Associates, Company Secretaries, pune was appointed by the Board, as Scrutinizer to scrutinize the voting process in a fair and transparent manner.

The Chairman welcomed the members to 28th Annual General Meeting (28s' AGM) of the Company and informed them of the present economic scenario and the general *oifing of the Company.

The chairman then invited queries on AnnualAccounts and Reports.

Mr. Rajesh Patil, Chairman and Managing Director of the Company explained in detailed the information asked by the members.

Item	Description
No.
	(JKUIN'IKYEUSINESS:
1	To consider and adopt :
	(a) The Audited Standalone Financiat Statement of the Company for the year ended 31 March 2019, the Report of the Board of Directors' and Auditors' thereon and (b) The Audited Consolidated Financial Statement of the Company for the financial year ended 31 March 2019 the Report of the Auditors'thereon.
2	To confirm tle pa Dividend on Equity Shares for the financial year Z01ti-tS.
3	To appoint a Director in pta rotation and being eligible, offers himself for re-appointment.
ul,tr,ul, \L I'UI'INESS
4	To consider gl_d approve re chairman and Managing Director for a period of 5 yeari from 15 nprit zozo
5	]g cgryrOer and approu" r"-" Whole Time Director designated as Vice Chairman for a period of i years from 1S Aprit 2020
6	To consider and approve re-a Time Director designated as Executive Director for a period of S years trolm is Aprir 2020
7	To. consider and approve re-appointment lndependent Director for a period of s years from 13 september 201g

Thereafter, the following notice items Nos. 01 to 15 were transacted at the 2gh AGM:

I	To consider and approve re-appointment of Mr. Jayant Pendse (DlN:02434630) as Independent Director for a period of 5 years from 13 September 2019
9	To consider and approve re-appointment of Mr. G L Vishwanath (DlN: 01758785) as lndependent Director for a period of 5 years from 13 September 2019
10	@re-appointmentofMs'ManasaVishwanath(DlN:052a1229) as lndependent Director for a period of 5 years from 13 September 2019
11	@ere-appointmentofMr.Nirma KolteasVicePresidentProject for a period of 3 years from 01 October 2019
12	@appointmentofMr.YashvardhanPati asAVP-Business Development for a period of 3 years from 01 October 2019
13	To consider and approve appointment of Mr. Virag Kolte AVP-Business as Development for a period of 3 years from 01 October 2019
14	To consider and approve fund raising up to Rs. 500 Crores
15	uneration of M/s Harshad S. Deshpande, Cost Auditor of the Company for the financial year 2018-19

The results of voting will be declared on receipt of Scrutinizer's Report within 48 hours of conclusion of AGM and snalt be uploaded on the Company's website and will also be fonararded to BSE and NSE.

Note: This does not purport to be the minutes of the Annual General Meeting of the Company.

Gompany Secretary and Compliance Officer Membership No. A13258 ffi