Margo Finance Limited — AGM Information 2021

Sep 28, 2021

Margo Finance Limited

Corporate Office: 2nd Floor, 15/76, Old Rajinder Nagar, New Delhi-110060 Tel. : 011-41539444, 25767330 E-mail : mfldelhi.1991@gmail.com Website : www.margofinance.com CIN : L65910MH1991PLC080534

September 28, 2021

BSE Limited Department of Corporate Services 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Scrip Code: 500206

Dear Sir/Madam,

Sub: Summary of Proceeding of 30" Annual General Meeting held on September 28, 2021.

Sir/Madam,

The 30" Annual General Meeting (AGM) of the members of Margo Finance Limited ("The Company") was held today i.e. Tuesday, September 28, 2020 at 12.00 Noon. (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"). The AGM was held through VC/ OAVM in compliance with the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

Pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 ("Listing Regulations") read with Para A of Part A of Schedule III of the Listing Regulations, please find enclosed herewith Summary of proceedings of 30" Annual General Meeting of the Company held on Tuesday, September 28, 2021,

This is for your information and record.

Thanking you.

Yours faithfully, For MARGO FINANCE

oa aan BY x Ss} Archisha Tyagi ze oy!

Company Secretary & iance Officer Membership No.: A49606 Encl.: A/a

Regd. Office Office No. 3, Plot No. 266, Village Alte, Kumbhoj Road, Taluka Hatkanangale, Dist. Kolhapur-416109, Maharashtra Tel. : 0230-2463100, 2461929,

Head Office: 301, 3rd Floor, "ARCADIA" Nariman Point, Mumbai-400 021 Phones : (022) 43419500, 43419501 Fax . (022) 22823098 E-mail : info@indocount.com, Web Site : www.indocount.com

' ISS < w ¥ Old Rajinder Nagar, New Delhi-110060 AMY Ma rgo Finance Limited Tel. : 011-41539444, 25767330

NN S\ Corporate Office: 2nd Floor, 15/76, E-mail : mfldelhi.1991@gmail.com NS WS . Website : www.margofinance.com CIN : L65910MH1991PLC080534

Summary of proceedings of the 30' Annual General Meeting of Margo Finance Limited

The 30" Annual General Meeting ("AGM") of the members of Margo Finance Limited ("The Company") was held on Tuesday, September 28, 2021 at 12.00 Noon (IST) through VC/ OAVM platform provided by National Securities Depository Limited ("NSDL"). Mrs. Archisha Tyagi, Company Secretary introduced herself and welcomed Chairman, all Directors and shareholders present for the AGM. The Company secretary informed that due to continuing COVID-19 Pandemic and adhering to the social distancing norms, this AGM was held through Video Conferencing in accordance with the circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). Participation of members through video conferencing was counted for the purpose of the quorum as per the applicable circulars issued by MCA and SEBI. Thereafter, she requested all the directors to introduce themselves.

Mr. Anil Kumar Jain, Chairman of the Board, chaired the meeting. All the Directors of the Company viz., Mr. Sushil Kumar Agrawal, Non-Executive Non-Independent Director, Mr. Ambarish Ratilal Sodha, Independent Director and Chairman of Audit Committee, Mr. Govind Prasad Agrawal, Independent Director and Chairman of Nomination & Remuneration Committee, Ms. Smita Kulkarni, Independent Director and Chairperson of Stakeholders Relationship Committee and Mr. Shri Dass Maheshwari, Whole time Director-Finance & CFO attended the AGM.

Partner of M/s. Pawan Shubham & Co, Chartered Accountants (Statutory Auditors), Ms. Ashu Gupta, Proprietor of M/s Ashu Gupta & Co., Scrutinizer and Secretarial Auditors were also present for the AGM through Video Conferencing.

Total 31 shareholders attended the AGM.

The Company Secretary requested Mr. Anil Kumar Jain, Chairman to take the chair and start with the proceedings of the AGM.

Mr. Anil Kumar Jain, Chairman, chaired the meeting and welcomed all the Shareholders to the 30 Annual General Meeting.

The requisite quorum being present, the Chairman called the meeting to order.

The Chairman then delivered his speech to the Shareholders and briefed the highlights of performance of the Company during the Financial Year 2020-21.

The Company Secretary briefed shareholders inter alia, about certain procedural and technical aspects of the AGM. She informed that:

Fax . (022) 22823098 E-mail : info@indocount.com, Web Site : www.indocount.com

a) The Company had provided to the Shareholders, the facility to cast their vote electronically through remote e-voting facility provided by NSDL which had commenced on Friday, September 24, 2021 at 9.00 a.m. (IST) upto Monday, September 27, 2021 till 5.00 p.m. (IST), on all resolutions set forth in the Notice of the AGM.

b) Shareholders who were present at the AGM and had not casted their vote electronically were provided an opportunity to cast their votes though e-voting during the Meeting.

c) The Company had given facility to members to send their questions/queries in advance on the email id as given in notice. The Members were also given facility to ask the questions concurrently through the chat box.

d) Ms. Ashu Gupta, Company Secretary in Practice, was appointed as Scrutinizer for the purpose of scrutinizing the e-voting process in a fair and transparent manner.

e) The result of the combined e-voting along with scrutinizers' report would be uploaded on the website of the Company i.e. www.margofinance.com as well as website of NSDL and BSE Limited within 2 working days from the conclusion of the AGM.

The Notice of the Annual General Meeting dated June 14, 2021 was taken as read. The members were informed that there were no qualifications, reservations, adverse remarks and disclaimer in the Auditors' Report and Secretarial Audit Report for the year ended 31* March, 2021, hence, Independent Auditor's Reports and Secretarial Audit report were taken as read at the Meeting.

The following items of the business / the resolutions as per the notice of AGM dated June 14, 2021 were read at the meeting:

Ordinary Business:

1. (Ordinary Resolution)

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31° March, 2021, including the Audited Balance Sheet as at 31* March, 2021 and the Statement of Profit and Loss of the Company for the year ended on that date, along with the reports of the Board of Directors and Auditors thereon.; and

(Ordinary Resolution)

To appoint a Director in place of Mr. Anil Kumar Jain (DIN: 00086106), who retires by rotation and being eligible, offers himself for re-appointment.

Special Business:

3. (Special Resolution)

Re-appointment Mr. Shri Dass Maheshwari (DIN: 00181615) as a Whole Time Director designated as "Whole Time Director- Finance & CFO" of the Company for a further period of 2 years w.e.f April 30, 2021;

The chat box facility was provided to shareholder for asking question, however there were no question raised in chat box.

There being no other item on the agenda, the Chairman thanked the Shareholders who had joined this meeting and closed the proceedings of the meeting.

The Chairman informed that the e-voting facility will be kept open for the next 15 (fifteen) minutes to enable the members to cast their vote and authorized Company Secretary to complete necessary formalities in that regard. The AGM ended at 12.35 p.m. (IST).

For MARGO FINANCE HM ITED fw ( =

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Company Secretary & Compliance Officer Membership No.: A49606