Libas Consumer Products Limited — AGM Information 2021

Sep 14, 2021

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National Stock Exchange of India Ltd. Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai-400051

September 14, 2021

Symbol: LIBAS Series: EQ

Subject: Summary of the Proceeding of the 17[th] Annual General Meeting

Dear Sir/Ma’am,

Pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, please find attached the summary of the proceedings of 17[th] Annual General Meeting (AGM) of the Company held on Tuesday, September 14, 2021 at Registered Office of the company.

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----- Start of picture text ----- Your Faithfully,For & on behalf ofLibas Consumer Products Ltd.Riyaz Eqbal Ahmed Ganji(Whole-time Director) Mumbai(DIN: 02236203)----- End of picture text -----

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SUMMARY OF PROCEEDINGS OF 17[TH] ANNUAL GENERAL MEETING OF THE COMPANY

The 17[th] Annual General Meeting (‘Meeting’) of Libas Consumer Products Limited (‘the Company’) was held on Tuesday, September 14, 2021 at Registered Office of the company.

Mr. Riyaz Ganji, Whole-time Director of the Board took the Chair and welcomed the Members present at the Meeting. Thereafter, the Chairman ascertained the requisite quorum and called the Meeting to order.

The Chairman then informed the Members that Statutory Registers were available for inspection by the Members.

It was informed that the Statutory Auditors Report on the financial statements for the financial year 2020-21 were qualified and with the permission of the Members present, the notice convening the meeting, the Statutory Auditors Report on the financial statements were taken as read.

The Chairman informed the Members that the Company had provided the facility of remote e- voting which commenced on Saturday, September 11, 2021 (9:00 AM) till Monday, September 13, 2021 (5:00 PM). He further informed that the Members who had not casted their votes through remote e-voting to cast their votes during the AGM.

Members were further informed that M/s SARK & Associates, Company Secretaries, Mumbai was appointed by the Board of Directors of the Company, to scrutinize the e-voting process. The following resolutions set out in the Notice convening the 17[th] AGM. The Chairman further informed the members that Scrutinizer will submit a composite report on remote e-voting and voting at the AGM which would be made available on the Company’s website and will be submitted to the Stock Exchanges.

The following items of business, as per the Notice of the AGM were taken up –

ItemNo.	Details of Resolution	ResolutionRequired
1	Adopt the Standalone and consolidated audited financial statementsof the Company for the year ended March 31, 2021 and the Reports ofthe Board of Directors and Auditors thereon	Ordinary
2	Declaration of Final dividend at 1% i.e. 0.10 per equity share for thefinancialyear ended March 31,2020.	Ordinary
3	Appointment of Mr. Riyaz Ganji (DIN: 02236203), as a Director liableto retire byrotation	Ordinary
4	Re-appointment of M/sJainJagawat Kamdar & Co. as Statutory	Ordinary

		SpecialSpecialSpecialSpecialSpecialOrdinaryOrdinarySpecial
	Auditor for FY 2021-22
5	Approval of Material Related PartyTransactions	Special
6	Approval forgivingloan	Special
7	Re-appointment of Mr. Anand Taggarsi as an Independent Director	Special
8	Re-appointment of Mr. Vivek Kamath as an Independent Director	Special
9	Continuation of Directorshipof Mr. Nishant Mahimtura	Special
10	Increase in Authorised Share Capital	Ordinary
11	Issue of Bonus shares	Ordinary
12	Re-appointment of Mrs. Reshma Ganji as ManagingDirector	Special

The Chairman invited questions/suggestions from the members present.

The Chairman thanked the shareholders for attending and participating at the Meeting and requested the Members, to vote. Thereafter the Chairman announced that the voting results will be declared within 48 hours from the meeting and shall be intimated to the stock exchanges and on the website of the Company.

The AGM concluded at 02:32 p.m. with a vote of thanks to the Chair.

For & on behalf of Libas Consumer Products Ltd.

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Riyaz Eqbal Ahmed Ganji (Whole-time Director) Mumbai (DIN: 02236203)

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