Lagnam Spintex Limited — AGM Information 2021

Jul 23, 2021

Lagnam Spintex Plant & Regd. Office: A 51-53, RIICO Growth Centre Hamirgarh, Bhiiwara (RAJ)-311001

To, Date: 23.07.2021

The Manager Listing & Compliance Department, National Stock Exchangeof India Limited Exchange Plaza,5 thFloor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra, Mumbai- 400051. (Maharashtra)

Stock Symbol: LAGNAM ISIN:INE548Z01017

Dear Sir/Madam,

Sub.: Compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") - Proceedings of the 11thAnnual General Meeting

We wish to inform you that the 11thAnnual General Meeting ("AGM") of the Company was held on Friday, July 23, 2021 through Video Conferencing ("VC") / Other Audio Visual Means("OAVM") in terms of the General Circular dated January 13, 2021 read with General Circulars dated May 5, 2020, April 8, 2020, April 13, 2020 issued by the Ministry of Corporate Affairs ("MCA") and in compliance with the provisions of the Companies Act, 2013 ("Act") and Rules made thereunder and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBIListing Regulations"). The proceedings of the 11thAGM were deemed to be conducted at the Registered Office of the Company at A 51-53, RIICO Growth Centre Hamirgarh, Bhilwara- 311001, which was the deemed venue of the AGM.

As per the provisions of the Companies Act and SEBIListing Regulations read with the aforesaid MCA Circulars, the Company had provided the facility of remote e-voting and e-voting at the 11th AGM to the Shareholders to enable them to cast their vote electronically on the Resolutions proposed in the Notice of the 11thAGM. The remote e-voting was open from Tuesday, July zo". 2021 (9.00 a.m. 1ST)to Thursday, July 22 nd , 2021 (5.00 p.m. 1ST).

The Board of Directors had appointed Mr. Sanjay Somani, proprietor, M/s. Sanjay Somani & Associates, Practicing Company Secretary, as the Scrutinizer for the remote e-voting and e-voting at the 11thAGM. Mr. Sanjay Somani shall carry the scrutiny of all the electronic votes received upto 5.00 p.m. (1ST)on Thursday, July 22nd , 2021 and e-voting at the n"AGM till the conclusion of the n" AGM and shall submit his report within two working days from conclusion of the AGM .

In this regard, please find enclosed the proceedings of the 11thAGM of the Company pursuant to Regulation 30 of the SEBIListing Regulations given asAnnexure -I.

Lagnam Spintex Plant & Regd. Office: A 51-53, RIICO Growth Centre Hamirgarh, Bhilwara (RAJ)-311001

In compliance with General Circulars Nos. 14/2020, 17/2020, 20/2020 and 02/2021 issued by the Ministry of Corporate Affairs, the transcript of the 11th AGM will be posted on the website of the Company at www.lagnamspintex.com.

Kindly take the same on record and acknowledge the receipt.

Thanking You,

Yours Sincerely, For Lagnam Spintex Limited

~

Rajeev arashar Company Secretary & Compliance Officer Mem. No. A52343

Encl.: as above

Lagnam Spintex Plant & Regd. Office: A 51-53, RIICO Growth Centre Hamirgarh, Bhilwara (RAJ)-311001

Annexure-I

Proceedings of the 11th AGM

The 11thAnnual General Meeting CAGM') of Lagnam Spintex Limited (the "Company"), was held on Friday, July 23, 2021 at 11:00 A.M. through Video Conferencing or Other Audio-Visual Means in compliance with the Circulars issued by the Ministry of Corporate Affairs ("MCA"), the Securities and Exchange Board of India ("SEBI")and other social distancing norms in view of the challenges and risk faced due to the ongoing Corona virus (Covid-19) pandemic. The proceedings of the AGM were deemed to be conducted at A 51-53, RIICOGrowth Centre Hamirgarh, Bhilwara- 311001, Rajasthan, which was the deemed venue of the AGM.

Leaveof absence was granted to Mr. V. S. Bapna, Independent Director of the Company due to his preoccupation. Mr. D. P. Mangal, Chairman & Whole-time director of the Company chaired the meeting and after ascertaining the quorum by Chairman & Company Secretary, called the meeting to order at 11:00 a.m. The Chairman welcomed the Members at the 11thAGM of the Company.

The Company Secretary, Mr. Rajeev Parashar informed the Members that in view of the continuing COVID-19 pandemic, and to ensure social distancinq norms, the 11thAnnual General Meeting of the Company was convened through Video Conferencing or Other Audio-Visual Means, in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) in this regard and in compliance with the applicable provisions of the Companies Act, 2013 and the SEBIListing Regulations.

The Chairman welcomed the Shareholders and introduced members of the board at the 11thAGM of the Company. The Chairman & Company Secretary further welcomed, the partner of Statutory Auditors, Mr. Satish Somani- Mis SSMS& Associates and Secretarial Auditors, Mr. Sanjay Somani - Sanjay Somani & Associates at the 11thAGM.

The Company Secretary informed the Members that there was no proxy facility available for this meeting, as it was dispensed by the MCA, while other statutory registers, books and records were available for inspection electronically.

He mentioned that the Auditors Report as well as Secretarial Auditors Report did not contain any qualification, observation or adverse comment; hence, it was not required to read these Reports at the meeting.

The Company Secretary & Chairman informed that the Notice of the meeting was already sent to the members and therefore was taken as read.

Lagnam Spintex Plant & Regd. Office: A 51-53, RIICO Growth Centre Hamirgarh, Bhilwara (RAJ)-311 001

through e-voting platform of NSDL to those Members who did not exercise their vote through remote e-voting. He further informed that Mr. Sanjay Somani- M/s Sanjay Somani & Associates, Practicing Company Secretaries were appointed as the Scrutinizer for remote e-voting as well as evoting at the AGM and they would hand over the combined report on voting within two working days of conclusion of the AGM.

The items of business as mentioned in the Notice convening the 11thAGM, which were put to vote through remote e-voting and e-voting at the 11thAGM, given as follows:

Sr.	Businesses conductedat the11th AGM	Type of Resolution
No.
1.	To receive, consider and adopt the AuditedFinancial Statements of31st MarchtheCompanyfortheyear2020-21ended2021,of the Balance Sheet as at 31stMarchcomprising2021, Statementof Profit & Loss and Statement of Cash Flow for the year 2020-21ended 31st March 2021, togetherwith the Report of the StatutoryAuditors and Board's Report thereon.	Ordinary
2.	To declare a dividendof Rs.0.50/- per equity share for the financialyear ended 31stMarch, 2021.	Ordinary
3.	To appointDirectorin place of Sh. Shubh Mangal (DIN: 01287935)who is liable to retire by rotationand is being eligible, offer himselffor re- appointment.	Ordinary
4.	Ratification of Remuneration of Cost AuditorsM/s. N. D. Birla & Co.for the Financial Year 2021-22.	Ordinary
5.	To re-appointSh. D. P. Mangal(DIN: 01205208), as WholeTimeDirector, designated as "Executive Chairman"	Special

With due consent of all the members for Agenda Item NO.3 & 5, Mr. J. C. Laddha, Independent Director elected as Chairman as Mr. D. P. Mangal was interested in the said items. Thereafter, Mr. D. P. Mangal, resumed his position as Chairman of the Meeting.

Further, it was informed that those members who have not voted through remote e-voting may cast their vote(s) during next 15 minutes.

The Chairman further deliberated the members about performance of the Company and conveyed thanks for continued trust in the Company.

The Chairman thereafter called upon the speakers, one by one, to ask their questions, seek clarifications or give suggestions/comments. One of the members, Mr. Naveen Bothra has asked some questions related to future planning of the Company and Mr. D. P. Mangal, Chairman has replied to all the queries. There were no queries raised by the members related to financials of the

Lagnam Spintex Plant & Regd. Office: A 51-53. RIICO Growth Centre Hamirgarh. Bhllwara (RAJ}-311001

Company. The Company Secretary announced about the option to raise query/Views on email facility to members also.

The Company Secretary of the Company authorised to receive the voting results and intimate the same to the stock exchanges within two working days of the conclusion of this meeting.

The Chairman and Company Secretary thanked the Members for attending the Meeting and declared the meeting as concluded at 11:34 AM.