Ksolves India Limited — AGM Information 2024

Sep 14, 2024

Date: September 14, 2024

To

Listing Compliance Listing Compliance National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited, Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051 Mumbai – 400 001.

Dear Sir/Madam,

Sub : Proceedings of 10[th] Annual General Meeting of Ksolves India Limited

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Symbol: KSOLVES

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the proceedings of the 10[th] Annual General Meeting of the company held on Saturday, 14[th] September, 2024 at 11:00 a.m. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (‘OAVM’).

We request you to kindly take the same on record.

For and on behalf of Ksolves India Limited

MANISHA Digitally signed by MANISHA KIDE KIDE Date: 2024.09.14 13:29:00 +05'30' Manisha Kide

Company Secretary and Compliance Officer.

PROCEEDINGS OF THE 10[th] ANNUAL GENERAL MEETING OF KSOLVES INDIA LIMITED HELD ON SATURDAY, 14[th] SEPTEMBER, 2024 AT 11:00 A.M (IST) THROUGH VIDEO CONFERENCING (‘VC’)/ OTHER AUDIO-VISUAL MEANS (‘OAVM’).

A. Date, time and venue of the Annual General Meeting

The 10[th] Annual General Meeting of the members of Ksolves India Limited was held on Saturday, 14[th] September, 2024 through Video Conferencing (‘VC')/ Other Audio-Visual Means (‘OAVM'), The Meeting commenced at 11:00 a.m. (IST).

B. Proceedings in brief:

Ms. Manisha Kide, Company Secretary of the Company welcomed all the shareholders, board members, auditors, and other invitees present at the 10[th] Annual General Meeting of the Company. The Members were informed that the AGM was being conducted through VC / OAVM, in compliance with circulars issued by MCA and SEBI, in this regard, Ms. Manisha Kide also informed that in view of e-AGM, there is no facility for proxy appointment.

The Chairman confirmed the quorum and called the meeting to order.

The members were informed that the Annual General Meeting is being conducted through video conferencing in compliance with the provisions of the Companies Act 2013 and relevant circulars issued by the Ministry of Corporate Affairs and SEBI from time to time and the Company has taken all feasible steps to ensure that the shareholders are provided an opportunity to participate in the Annual General Meeting through Video Conferencing or other audio-visual means and vote.

The soft copy of the Annual Report was sent to all the Members holding shares and whose e-mail addresses were available with the Depository Participant(s) and to those shareholders who requested for hard copy.

The Register of Directors and Key Managerial Personnel and their shareholding, the Register of Contracts or arrangements in which the Directors are interested, and the other documents mentioned in the Notice were made available for inspection in electronic mode to the members who have sent requests for inspection. In case any member during the AGM wished to inspect the same, they were requested to kindly write to the company by sending an e-mail to cs@ksolves.com and the documents will be shared with them electronically.

Members were further informed that since this AGM is being held through video conference, the facility for appointment of proxies by the members was not applicable and hence the proxy register for inspection was not available.

Members were further informed that the Company received requests from members to register them as speakers at the meeting. Accordingly, the floor made open for these members to ask questions or express their views. The moderator facilitated this session.

The company had provided the facility to cast the votes electronically, on all resolutions set forth in the Notice during the period September 11, 2024 to September 14, 2024. Members who have not casted their votes electronically through remote e-voting and who were participating in the meeting had given the opportunity to cast their vote after the meeting through the e-voting system provided by NSDL.

She then requested Mr. Ratan Kumar Srivastava, Chairman and Managing Director of the company to deliver his speech.

Mr. Ratan Kumar Srivastava welcomed the members and shared the accomplishment and successes achieved during the Financial year 2023-24 and his focus on future growth to the members present at the meeting.

Ms. Manisha Kide took up the agenda items as listed in the Notice of 10[th] Annual General Meeting, also Notice convening the AGM, Directors Report along with annexures, audited standalone and consolidated Financial statements was already circulated to all the members. The same was taken as read.

The members were informed that all that there were no qualifications, observations or adverse comments on financial statements, secretarial audit reports and other matters, which may have any material bearing on the functioning of the company.

The following business as contained in the Notice of the 10[th] AGM were transacted at the AGM:

ORDINARY BUSINESS

1. To receive, consider and adopt the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.

2. Appointment of Ms. Deepali Verma (DIN: 05329336) as a Director, who is liable to retire by rotation.

3. Re-appointment of Statutory Auditors of the Company and to fix their remuneration.

SPECIAL BUSINESS

4. Re-appointment of Mr. Ratan Kumar Srivastava (DIN: 05329338 ) as Chairman cum Managing Director of the company and to revise his remuneration.

To re-appoint Mr. Ratan Kumar Srivastava as Chairman and Managing Director of the company for the period of 5 years, with effect from October 01, 2024 to September 30, 2029, with the remuneration of not exceeding Rs. 2,00,00,000/- (Rupees Two Crore Only) per annum on such the terms and conditions as mentioned in the notice and shall not be liable to retire by rotation.”

5. Re-Appointment of Ms. Deepali Verma (DIN: 05329336) as Whole-time Director of the company and to revise her remuneration.

To re-appoint Ms. Deepali Verma as Whole-time Director of the company for the period of 5 years, with effect from October 01, 2024 to September 30, 2029, with the remuneration of not exceeding Rs. 1,00,00,000/- (Rupees One Crore Only) per annum on such the terms and conditions as mentioned in the notice.”

It was further informed that the Board of Directors has appointed Mr. Vivek Sharma., On behalf of MSV & Associates, Company Secretaries, Jaipur as the scrutinizer to supervise the e-voting process. The result of the voting, shall be submitted to the stock exchange where Company`s shares are listed and be also placed on the website of the Company at the earliest on Monday, September 16[th] , 2024.

There being no other business to transact, the meeting concluded at 11:50 a.m. with a vote of thanks to the Chairman, all other Directors, invitees, and all the members attending the AGM through VC/OAVM.

For and on behalf of Ksolves India Limited

MANISHA KIDE Digitally signed by MANISHA KIDE Date: 2024.09.14 13:29:28 +05'30'

Manisha Kide

Company Secretary and Compliance Officer.