KSE Ltd. — AGM Information 2024

Sep 3, 2024

03 September 2024

BSE Limited Corporate Relationship Department First Floor, New Trading Ring Rotunda Building P.J. Towers, Dalal Street Mumbai – 400 001.

Dear Sirs,

Sub: Summary of proceedings of the 60[th] Annual General Meeting of the Company held on Tuesday, September 03, 2024.

Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the summary of proceedings of the 60[th] Annual General Meeting (“AGM”) of the Members of the Company held on Tuesday, September 03, 2024, at 3.00 P.M. (IST) held at the registered office of the Company.

The proceedings of the AGM will also be hosted on the Company’s website.

We request you to kindly take the above on records.

Thanking You,

Yours faithfully,

For KSE Limited

SRIVIDYA Digitally signed by SRIVIDYA DAMODARAN DAMODARAN Date: 2024.09.03 18:53:35 +05'30' Srividya Damodaran Company Secretary

KSE LIMITED

SUMMARY OF PROCEEDINGS OF 60[TH] ANNUAL GENERAL MEETING OF THE MEMBERS OF KSE LIMITED HELD AT THE REGISTERED OFFICE OF THE COMPANY, ON TUESDAY, 03[RD] SEPTEMBER, 2024 AT 3.00 P.M.

Present

I.	Directors
Sl. No.	Name	DIN	Designation	Member of the Company	Present /Absent
1	Mr. Tom Jose	01971467	Chairman Non-Executive - Non- Independent Director	Yes	Present in person
2	Mr. M.P. Jackson	01889504	Managing Director	Yes	Present in person
3	Mr. Paul Francis	00382797	Executive Director	Yes	Present in person
4	Mr. P.D. Anto	00106965	Non-Executive - Non- Independent Director	Yes	Present in person
5	Mr. Dony A.G.	09211623	Non-Executive - Non- Independent Director	Yes	Present in person
6	Mrs. Marykutty Varghese	07307987	Non-Executive - Non- Independent Director	Yes	Present in person
7	Dr. Pyarelal K.C.	00923913	Non-Executive - Non- Independent Director	Yes	Present in person
8	Ms. Danesa Raghulal	07975553	Non-Executive - Non- Independent Director	Yes	Leave of Absence
9	Ms. Simi Davis	09752318	Non-Executive - Non- Independent Director	Yes	Present in person
10	Ms. Seema Davis	08125964	Non-Executive - Non- Independent Director	Yes	Present in person
11	Dr. Jose Paul Thaliyath	01773031	Non-Executive - Independent Director	Yes	Present in person
12	Mr. Jose John	01797056	Non-Executive - Independent Director	No	Present in person
13	Mr. Verghese C.V.	00779894	Non-Executive - Independent Director	No	Present in person
14	Mr. Paul Jose Thaliyath	01616504	Non-Executive - Independent Director	Yes	Present in person
15	Mrs. Nina Paul	08576074	Non-Executive - Independent Director	Yes	Present in person

II. Shareholders

Including Directors present in person, 78 Members and 7 persons representing proxies attended the meeting.

In Attendance

• I. CA. Sridhar R, Partner of M/s. Sridhar & Co, Chartered Accountants, Thiruvanathapuram

• II. Practicing Company Secretary, S. Yogindunath, Partner BVR & Associates Company Secretaries LLP, Scrutinizers

• III. Ms. Srividya Damodaran, Company Secretary

• IV. Mr. Senthil Kumar Nallamuthu, Chief Financial Officer

Meeting commenced with a prayer. The Company Secretary welcomed the Members to the Meeting. Mr. Tom Jose, Chairman of the Company chaired the AGM. The requisite quorum being present, the Chairman called the Meeting to order.

With the consent of the Members, the Notice of the Meeting was taken as read. The Members were informed that the Statutory Auditors' Report and Secretarial Audit Report did not have any qualifications and hence, pursuant to Section 145 of the Companies Act, 2013, the same were not required to be read.

Mr. Tom Jose, Chairman begins his speech with KSE Limited 60 years Journey remembering all the promotor directors, employee, customers who has associated with the Company all these years. He has then updated the members on the developments in the Company and about the performance of the Company. He explained that the Company has made strategic changes in its overall operations by taking Grant Thornton’s recommendations and the results has started to be in favour of the Company, which can be seen in the last and current year performance of the Company. He has also emphasized on measures towards expanding the market base of the Company with PAN India presence in the coming years. He has also taken though about the industry potential for each segment in which the Company is into and the focus of the Company towards attaining its objectives in the years to come. Further, he has highlighted on the companies is looking for opportunities in diversifications. At the conclusion of his speech, the Chairman expressed his sincere thanks to all the shareholders of the Company.

The Company Secretary then explained the Members of process of casting the voting during the AGM. Then, the Company Secretary requested the Shareholders attending the Meeting and who has not casted their vote earlier through remote e-voting, to cast their vote through venue e-voting facility provided during the AGM.

The following items of businesses, as per the Notice of AGM dated 27[th] June 2024, were transacted at the meeting through remote e-voting:

Item No.	Details of the Agenda	Resolution required
1.	Adoption of Accounts for the year ended 31st March, 2024	Ordinary
2.	Declaration of dividend on equity shares at the rate of Rs.30per equityshare	Ordinary
3.	Reappointment of Director, retiring by rotation, Mrs. MarykuttyVarghese(DIN : 07307987)	Ordinary
4.	Mrs. Simi Davis (DIN : 09752318), Director liable to retire byrotation, who does not seek re-election	Ordinary
5.	Reappointment of Director, retiring by rotation, Mr. P.D. Anto(DIN : 00106965)	Special
6.	Approval for acceptance of Deposits from Public/Members	Ordinary
7.	Approval of remuneration to Cost Auditor	Ordinary
8.	Appointment of Mr. Shaji Puthenpurayil Jacob (DIN 10647012)as a Director	Ordinary
9.	Appointment of Mr. K. Hari Kumar (DIN: 00388466)as Independent Director	Special

Mr. M P Jackson, Managing Director, also addressed the meeting. He briefed the members on the performance of the Company and the future prospects. He highlighted the profit earned by the Company. He emphasized that the Company has good growth prospectives and would be expanding its business in other states thereby increasing profits. He explained the prospects of increasing the poultry feed sales. He emphasized that the Company is continuously working to increase the shareholder’s value. He explained the oil price fluctuations in coconut cake processing and the importance of the same in the preparation of the cattle feed. He informed the shareholders that the Company is procuring raw materials from other states and hence has taken steps to open godown to store materials at selected places. He shared the 60[th] year journey of the Company and invited all shareholders to the 60-year celebration to be held on 28[th] September 2024. He thanked the members for attending the meeting.

The Chairman then invited the Members to offer their comments, make observations and seek clarifications, if any, on the reports and financial statements. Some Members sought clarifications on the financial, operational aspects of the Company and necessary clarifications were provided in respect of the queries raised by the Members.

The Board of Directors had appointed Mr. S. Yogindunath as the Scrutinizer to supervise the remote e -voting and e-voting at the AGM.

It was informed to the Members that the combined results of the remote e-voting before as well as remote e-voting during the AGM would be announced within the stipulated time frame and the results along with the Scrutinizer's Report would be intimated to the Stock Exchanges in terms of the SEBI LODR and would be placed on the websites of the Company and CDSL.

The meeting concluded with a vote of thanks to the Chair, Directors, Members and Other Participants by Mr. Paul Francis, Executive Director.

Chairman authorized Ms. Srividya Damodaran, Company Secretary, to countersign the Scrutinizer’s Report of the total votes cast in favour or against, if any, and thereafter to declare the result of the voting forthwith and to publish the same on the website of the company.

The AGM commenced at 03:00 P.M. and concluded at 4.45 P.M. Venue voting closed at 5.15 p.m.

The voting results pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 and Report of the Scrutinizer, pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 will be submitted within the prescribed period.

This is for your information and records.

Thanking You,

Yours faithfully, For KSE Limited SRIVIDYA Digitally signed by SRIVIDYA DAMODARAN DAMODARAN Date: 2024.09.03 18:53:53 +05'30' Srividya Damodaran Company Secretary