KRISHANVEER FORGE LIMITED — AGM Information 2024

Sep 13, 2024

REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com

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KVF/SEC/2024-25/58

KRISHANVEER FORGE LIMITED

CIN: L28910PN1990PLC056985

September 13, 2024

BSE Limited, Corporate Relationship Department, 1[st] Floor, New Trading Ring, Rotunda Bldg., P. J. Towers, Dalal Street, Mumbai 400 001 Scrip Code: 513369

Dear Sir / Madam,

Sub: Proceedings of 34[th] Annual General Meeting (“AGM”) held on Friday, September 13, 2024

Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the proceedings of the 34[th] Annual General Meeting of the Company held on Friday, September 13, 2024 at 11.30 AM (IST) through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”).

Kindly the same on your record.

Thanking you,

Yours faithfully, For Krishanveer Forge Limited SHILPA Digitally signed by SHILPA SONI SONI Date: 2024.09.13 14:15:31 +05'30' Shilpa Soni Company Secretary and Compliance Officer M No. : A59308

FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424

KRISHANVEER FORGE LIMITED

CIN: L28910PN1990PLC056985 REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com

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SUMMARY OF PROCEEDINGS OF THE 34[TH] ANNUAL GENERAL MEETING OF THE COMPANY HELD ON FRIDAY, SEPTEMBER 13, 2024

In terms of the General Circulars issued by the Ministry of Corporate Affairs (“MCA”) and The Securities and Exchange Board of India (“SEBI”), the 34[th] Annual General Meeting (AGM) of the Members of Krishanveer Forge Limited (Formerly known as Rajkumar Forge Limited) (“the Company”) was held on Friday, September 13, 2024 at 11.30 AM (IST) through VC / OAVM facility to transact the businesses as stated in the Notice dated August 09, 2024, issued for convening the 34[th] AGM. The proceedings of the AGM were deemed to be conducted at the Registered Office of the Company at Office no. 511 to 513, Global Square, S. No. 247, 14b, Yerawada, Pune-411 006. All the items of businesses contained in the said Notice were transacted at the 34[th] AGM.

The AGM commenced at 11:30 a.m. on Friday, September 13, 2024. The Company Secretary greeted the shareholders, ascertained that the requisite quorum was present, and requested the Chairman call the meeting to order. Mr. Arun K Jindal, Chairman of the Company, chaired the meeting.

He greeted the shareholders and made his opening remarks. He then introduced the Board Members and other company officials who were present through VC.

The following Directors and officials were present during the meeting:

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Sr. No. Name Designation
1. Mr. Arun Jindal Chairman-Non Executive Director
2. Mr. Nitin Rajore Whole Time Director
3. Mr. Ratanlal Goel Non-Executive Independent Director & Chairman of
Audit Committee, Nomination & Remuneration
Committee and Stakeholder Relationship
Committee
4. Ms. Sudha Santhanam Non-Executive Independent Director
5. Mr. Viralkumar Shah Chief Financial Officer
6. Ms. Shilpa Soni Company Secretary and Compliance Officer
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In attendance:

Sr. No.	Name	Designation
1.	Mr Suneel Ghatpande and Mr Nirav Shah	Partners, M/s Gokhale, Tanksale and Ghatpande, Chartered Accountants -Statutory Auditor
2.	Mr Gaurav R Patel	Partner,G R Patel & Associates -Internal Auditor
3.	Mr. Satish Patil	Proprietor, Satish Patil & Associates, Company Secretaries - Scrutinizer for the 34th Annual General Meeting

FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424

CIN: L28910PN1990PLC056985

REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com

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KRISHANVEER FORGE LIMITED

The Company Secretary briefed the shareholders about the statutory provisions regarding the AGM. The Registers required under the Companies Act, 2013, and other relevant documents mentioned in the Notice were available for inspection electronically.

With the permission of the members, the Notice convening the 34[th] AGM and the 34[th] Annual Report were taken as read. He further informed that the Statutory Auditors Report on the financial statements and the Secretarial Auditor’s Report for the financial year ended March 31[st] , 2024, do not contain any qualification, reservation, adverse remark or disclaimer. Accordingly, these reports are not required to be read out.

He also added that pursuant to the provisions of the Companies Act, 2013 and the SEBI Listing Regulations, 2015, the Company has provided e-voting facilities to all shareholders, to cast their votes electronically in respect of all businesses mentioned in the notice, therefore, there is no need to propose and second the resolutions. The resolutions as outlined in the notice should be deemed to be passed today subject to receipt of the requisite number of votes in favor of the resolutions.

He then requested the Chairman to address the members.

Mr. Arun Jindal appraised the members about the overall performance of the Company during the year and its way ahead. He also acknowledged the contribution of all the employees and other stakeholders during the financial year 2023-24.

The following business items were transacted at the 34[th] AGM:

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Item Resolutions Type
Description
No. Ordinary OR Special
A ORDINARY BUSINESS
1 To receive, consider and adopt the Audited Standalone Ordinary Resolution
Financial Statements of the Company for the Financial Year
ended March 31, 2024, together with the Reports of the
Board of Directors and Auditors thereon
2 To declare a dividend of Rs. 2 per Equity Share as Ordinary Resolution
recommended by the Board of Directors for the financial year
ended March 31, 2024
3 To appoint a Director in place of Mr Nitin Shyam Rajore (DIN:
Ordinary Resolution
01802633) who retires by rotation and being eligible, offers
himself for re-appointment
B SPECIAL BUSINESS
4 Revision in the terms of remuneration of Mr Nitin Shyam Special Resolution
Rajore (DIN: 01802633) Whole Time Director of the Company
5 To approve the Transactions with Related Parties of the Ordinary Resolution
Company
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FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424

CIN: L28910PN1990PLC056985

REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com

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KRISHANVEER FORGE LIMITED

The Company Secretary then informed the members that those who have not voted earlier through remote e-voting, can cast their votes during the meeting and the voting facility shall remain open for 30 minutes after the conclusion of the meeting.

The members were informed that the consolidated voting results along with the scrutinizer's report would be disseminated through the stock exchange, and placed on the website of the Company in due course.

The Company Secretary then requested the Chairman to conclude the meeting and to present a vote of thanks. Accordingly, the Chairman conveyed his regards to Company’s stakeholders including Customers, Suppliers, Bankers, Financial Institutions, Employees and State and Central Government Authorities for their continued support. He further conveyed his best wishes to all the Stakeholders for the coming years.

The AGM was concluded at 12:24 PM (including the time allowed for the e-voting).

For Krishanveer Forge Limited

SHILPA Digitally signed by SHILPA SONI SONI Date: 2024.09.13 14:16:14 +05'30' Shilpa Soni Company Secretary and Compliance Officer M No. : A59308

Place : Pune Date : September 13, 2024

FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424