Lime Chemicals Ltd. — AGM Information 2021

Aug 25, 2021

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Over 4 decades of manufacturing excellence

Lime Chemicals Limited

M A N U FA C T U R E R S O F C A L C I U M C A R B O N AT E

Regd. Office : 404/405, Neco Chambers, Plot No. 48, Sector - 1 1, Rajiv Gandhi Road, C.B.D. Belapur (E), Navi Mumbai- 400 614. CIN : L24100MH1970PLC014842; Email: info@limechem.com • Website: www.limechem.com Corporate Office: Regency Chambers, 2[nd] Floor, National Library Road, Bandra West, Mumbai – 400 050; Maharashtra; Tel: 022-62360356

August 25, 2021

The Corporate Relations Department BSE Limited P.J.Towers, Dalal Street, Mumbai – 400 001

Dear Sirs,

Sub: Sub: Proceedings of Annual General Meeting (AGM) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements), Regulations, 2015. Ref: Company Code No. 507759

Pursuant to Regulation 30, Part A of Schedule - III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, attached is the proceedings of 51st Annual General Meeting (AGM) of the Company, held on Wednesday, 25[th] August 2021, at 11.30 am, through Video Conferencing / Other Audio Visual Means (OA VM).

Please take the above information on your record.

Thanking you, Yours faithfully, For LIME CHEMICALS LIMITED

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Ahmed H Dawoodani Managing Director

Proceedings of the 51st Annual General Meeting of the members of Lime Chemicals Limited held on Wednesday, 25[th] August 2021 at 11.30 a.m through video conferencing/ other audio visual means.

PRESENT:

The following persons were present through Video Conferencing (VC) / Other Audio Visual Means (OA VM):

Mr. Avinash Jhaveri - Chairman and Audit Committee Chairman Mr. Ahmed H. Dawoodani - Managing Director Mrs. Shahnaz A Dawoodani Mr. Husen Somji In attendance: Mr. N. Hariharan - Scrutinizer & Practicing Company Secretary Mr. Sudhir Shetty - N. S. Shetty & Co., Auditors Mr. Firoj Ladhani - CFO Ms. Runel Saxena - Company Secretary

32 members attended the meeting through Video Conferencing (VC)/ Other Audio Visual Means (OA VM)

Meeting started at 11.30 am and ended at 11.53 am.

The Managing Director welcomed all the members and announced that the requisite quorum for conducting the AGM is present. He has given a brief speech on the business activities of the Company.

Member’s attention was drawn to the minutes of General meeting and Register of Director’s Shareholding which were available for inspection.

The Managing Director further informed the members that in pursuance of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules 2014, the Company has provided electronic voting facility to the members entitled to cast their vote on the business to be transacted at the Annual General Meeting between 22[nd] August 2021 and 24th August 2021 to the shareholders on the cut-off date i.e. 18[th] August 2021. Voting module was kept open during the time of the AGM to enable those members who had not exercised their voting rights through remote e-voting.

Mr. N. Hariharan, Practicing Company Secretary has been appointed as Scrutinizer for E-voting and voting during the AGM.

The Managing Director further stated that one shareholder had registered as speaker shareholders to raise questions during the AGM. All the shareholders were in mute mode and speaker shareholders were allowed unmuted when their tum for raising questions come up.

NOTICE AND DIRECTOR’S REPORT

The notice convening the 51st Annual General Meeting and Director’s Report were taken as read. Further the Chairman stated that the Auditor’s Report on the Annual Accounts of the Company for the financial year ended on 31[st] March 2021 did not contain any adverse qualifications, Auditor’s Report is not required to be read under Section 145 of the Companies Act.

Thereafter, the Chairman proceeded with the items as set out in the notice.

Ordinary Resolutions

1. To receive and adopt the Profit and Loss Account for the year ended on 31st March, 2021 and the Balance Sheet as on that date and the reports of Auditors and Directors thereof.

2. To appoint a Director in place of Mrs. Shahnaz A. Dawoodani (DIN 02324234), who retires by rotation at this Annual General Meeting and being eligible has offered herself for reappointment.

3. To appoint a Director in place of Mr. Husen Somji (DIN 07950626), who retires by rotation at this Annual General Meeting and being eligible has offered himself for re-appointment.

4. To appoint M/s. N.S. Shetty & Co. Chartered Accountants as statutory auditors of the Company for the financial year 2021-22 at a remuneration of Rs. 3,35,000/- plus out-of pocket expenses actually incurred for the purpose of audit.

Special Resolution

1. Ratification of remuneration of Cost Auditors as per Resolution.

2. Appointment of Mr. Avinash Jhaveri (DIN 03494110) as Independent Director.

3. To approve Related Party Transactions as per Resolution.

After completion of all deliberations, the voting module was extended for another 15 minutes to enable the members to cast their votes. The Chairman informed that the result of the voting along with Scrutinizer report would be placed on the website of the Company and Exchanges.

The meeting was concluded at 11.53 am. The Chairman announced that voting results for the aforementioned resolutions would be declared within 48 hours of the conclusion of AGM.

For LIME CHEMICALS LIMITED

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Ahmed H Dawoodani Managing Director