Mangalam Cement Ltd. — AGM Information 2023

Aug 5, 2023

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MC/SEC/2023 05.08.2023

BSE Ltd.

Phiroze Jeejebhoy Towers Dalal Street, Mumbai � 400 001

National Stock Exchange of India Ltd.

�Exchange Plaza�, 5th Floor, Bandra Kurla Complex, Bandra (East), Mumbai � 400 051

Security Code: 502157 Security Code: MANGLMCEM

Proceeding of 47[th] Annual General Meeting (AGM) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that the 47[th] Annual General Meeting of the Company was held today i.e. on Saturday, the 5[th] August, 2023 at 02.00 P.M. at Indian Standard Time ("IST") through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM"). Further, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Summary of Proceedings of the 47[th] Annual General Meeting (AGM) of the Company is enclosed.

Kindly take the same on record.

Yours Faithfully For Mangalam Cement Ltd.

Yaswant Mishra President (Corporate) & CFO Encl: As Above

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MANGALAM CEMENT LTD.

SUMMARY OF PROCEEDINGS OF THE 47[TH] ANNUAL GENERAL MEETING (AGM)

The 47[th] Annual General Meeting of the Members of the Company was held on Saturday, 5[th] August, 2023 at 2.00 P.M. (IST) through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). The following persons were present:

Directors:

1. Shri Anshuman Vikram Jalan, Chairman

2. Shri N.G. Khaitan, Independent Director & Chairman of Audit Committee and Nomination and Remuneration Committee

3. Shri Kamal Chand Jain, Independent Director & Chairman of Stakeholder Relationship Committee

4. Smt. Aruna Makhan, Independent Director

5. Shri Gaurav Goel, Independent Director

Other Representatives:

1. Shri Bimal Kumar Sipani, representative of M/s. Singhi & Co., Statutory Auditors

2. Shri Akshit Kumar Jangid, representative of M/s Pinchaa & Co., Secretarial Auditors & Scrutinizer

3. Shri Yaswant Mishra, Chief Finance Officer

4. Shri Tarun Arora, Asst. Company Secretary

Quorum of the Meeting:

A total of 48 members attended the meeting

Brief Proceedings:

• Shri A.V. Jalan, Chairman of the Company, presided over the meeting.

• The Chairman informed the shareholders that that the Statutory Registers as required by the Companies Act, 2013 are available for the Shareholders for inspection on request.

• After ascertaining that the requisite quorum was present, the Chairman called the meeting in order.

• With the permission of the Chairman, Notice convening the meeting and the Directors’ Report, Audit Report issued by the Statutory Auditors over financial

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statements and Secretarial Audit Report issued by the Secretarial Auditor over secretarial compliance was taken as read.

• The Chairman appraised the member’s w.r.t. remote e-voting facility & voting during the AGM.

• The Chairman addressed the members.

• On the invitation, Members asked some questions over the operations and business of the Company. Shri Yaswant Mishra, CFO responded to the queries of the Members.

• Shri Akshit Kumar Jangid, Practicing Company Secretary, acted as Scrutinizer for scrutinizing the entire voting process i.e. remote e-voting and e- voting during the AGM in a fair and transparent manner.

• As per notice dated 27[th] May, 2023, convening the 47[th] AGM of the Company, the following business were transacted at the AGM:-

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Item Details of the Agenda Resolutions
No. (Ordinary/
Special)
Ordinary Business
1 To receive, consider and adopt the Audited Ordinary
Financial Statements of the Company for the Resolution
financial year ended 31 [st] March 2023 and the
Reports of the Board of Directors and Auditors
thereon.
2 To declare Dividend on equity shares for the year Ordinary
ended 31 [st] March, 2023. Resolution
3 To appoint a Director in place of Shri A.V. Jalan Ordinary
(DIN: 01455782), who retires by rotation at this Resolution
Annual General Meeting and being eligible has
offered himself for re-appointment.
Special Business
4 To ratify the remuneration of the M/s. J.K. Kabra & Ordinary
Co., Cost Accountants as Cost Auditors of the Resolution
Company for the financial year ending on 31st
March, 2024.
5 Increase in Borrowing limits from Rs. 1,000 Crore Special
to Rs. 2,000 Crore. Resolution
6 To give authority to create charge and/or Special
mortgage on the assets of the company. Resolution
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• It was informed that the e-voting results along with the consolidated Scrutinizer’s Report shall be informed to Stock Exchanges and also be placed on the website of the Company, NSDL and Stock Exchanges.

• The meeting concluded at 2.55 P.M. after being open for 15 minutes for e- voting to be completed.

The detailed results of remote e-voting and voting during the AGM shall be intimated to the Stock Exchanges as per the statutory requirement.

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