Modipon Ltd. — AGM Information 2020

Dec 29, 2020

==> picture [75 x 105] intentionally omitted <==

Modipon Limited Hapur Road, Modinagar, Ghaziabad -201 204 (UP) Phone (01232) 243471

To, 29[th] December, 2020

The Bombay Stock Exchange Ltd Corporate Relation Department, New Trading Ring, Rotunda Building, P.J. Tower, Dalal Street, Fort, Mumbai-400001

Ref: INE 170C01019 Scrip Code: 503776

Sub: Proceedings of 53[rd] Annual General Meeting of the Members of the Company held on December 28, 2020 in terms of Regulation 30 of SEBI (LODR) Regulations, 2015

Dear Sir,

We wish to inform you that in terms of the General Circular Nos. 14/2020 dated April 08, 2020, 17/2020 dated April 13, 2020 and 20/2020 dated May 05, 2020 issued by the Ministry of Corporate Affairs (“MCA”) and in compliance with the provisions of the Companies Act, 2013 (“the Act”) and Rules made thereunder and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the 53[rd] Annual General Meeting (“AGM”) of the Company was held on Monday, December 28, 2020 at 3.00 P.M. through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”), to transact the business as stated in the Notice dated November 13, 2020 convening the AGM.

In this regard, please find enclosed the summary of proceedings of the 53[rd] Annual General Meeting of the Company pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015,.

Kindly acknowledge the receipt of the same.

Thanking you, Yours sincerely,

For MODIPON LIMITED

==> picture [108 x 48] intentionally omitted <==

Vineet Kumar Thareja (Company Secretary & Compliance officer)

CIN: L65993UP1965PLC003082 E-mail : modipon@modimangal.in Website : www.modipon.net

Hapur Road, Modinagar, Ghaziabad -201 204 (UP) Phone (01232) 243471

==> picture [75 x 105] intentionally omitted <==

Modipon Limited

PROCEEDINGS OF THE 53[RD] ANNUAL GENERAL MEETING OF THE COMPANY HELD ON 28[TH] DECEMBER, 2020

The 53[rd] Annual General Meeting (“AGM”) of the Members of the Company was held on Monday, December 28, 2020 at 3:00 P.M through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”), in terms of the circulars issued by the MCA and SEBI in line with the provisions of the Companies Act and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting commenced at 3:00 pm. Mr. Vineet Kumar Thareja, Company Secretary & Compliance Officer of the Company, welcomed the Members and briefed them on general instructions for conduct of the proceedings of the Meeting.

Member were informed that in light of the unprecedent situation caused by COVID-19 pandemic, the Company had taken all feasible steps to conduct its AGM through VC/ OAVM.

Mr. Manish Modi, Chairman of the Board, chaired the Meeting and welcomed all attending the meeting through VC/OAVM.

Before commencement of the proceedings, Mr. Manish Modi, introduced all the Board members and KMP present at the meeting.

The Chairman confirmed that all the Directors were present at the meeting except Mr. Mayur Maheshwari – Nominee Director who was unable to attend the meeting due to unavoidable circumstances. The representatives of the Statutory Auditors, the Secretarial Auditors and the Scrutinizer, were also present at the Meeting

A total of 45 members attended the meeting. The Chairman after ascertaining the requisite quorum, called the meeting to order.

The Chairman informed the Members that the Statutory Registers and documents were available for inspection by the Members electronically.

Ranjeet Kumar Verma, Practicing Company Secretary (Membership No.: F6814, CP No. 7463) has been appointed as the Scrutinizer for conducting remote e-voting/voting process in a fair and transparent manner.

The members were further informed that In compliance with the provisions of the circulars issued by SEBI and MCA, the Notice of the meeting and the Annual Report containing the Audited Financial Statements of the Company for the year ended March 31, 2020 and the Director’s and Auditor’s report was sent through electronic mode to all the members whose email Id was registered.

The notice of the meeting and the Annual Report, containing the Audited Financial Statements of the Company for the year ended on 31[st] March, 2020 were taken as read.

The members were also informed that the Company had provided e-voting facility to its members to caste their votes electronically on all the set forth in the notice convening the meeting dated 13[th ] November 2020.

CIN: L65993UP1965PLC003082 E-mail : modipon@modimangal.in Website : www.modipon.net

==> picture [75 x 105] intentionally omitted <==

Modipon Limited

Hapur Road, Modinagar, Ghaziabad -201 204 (UP) Phone (01232) 243471

In terms of the notice, the following agenda items were transacted in the meeting:-The Chairman thereafter stated that following items on the agenda requires approval of the Members:

S. No.	ORDINARY BUSINESS	TYPE OF RESOLUTION
1.	To receive, consider and adopt the Audited Financial Statements for the financial year ended on March 31, 2020 and the Report of Board of Directors of the Companyand Independent Auditors’ report thereon.	Ordinary
	SPECIAL BUSINESS
2.	To approve the ratification of appointment of Ms. Kavita Rani (Din: 08853423)as Non-Executive Independent Director of the Company	Ordinary
3.	To increase borrowing powers of the board and authorization limit to secure the borrowings under Section 180(1)(c)of the Companies,Act,2013	Special

The Chairman then invited the Members who had conveyed their desire to speak at the meeting to express their views or seek clarification/ask questions. Members were also provided the facility to submit their questions and suggestions online during the conduct of the meeting.

Post the Q&A session, the Chairman authorized Mr. Vineet Kumar Thareja, Company Secretary & Compliance Officer to conduct the voting procedure and to conclude the meeting and also authorized him to declare the voting results within 48 hours of the conclusion of the meeting.

The Chairman expressed his gratitude to all the board members, KMP, Auditors and shareholders for attending the meeting.

The e-voting facility was made available for 15 minutes post the conclusion of the proceedings to enable members to cast their votes.

Upon completion of the e-voting process, the Meeting was concluded at 04:15 pm IST with vote of thanks to the Members.

This is for your information and records.

Thanking You,

For Modipon Limited

==> picture [108 x 48] intentionally omitted <==

Vineet Kumar Thareja (Company Secretary & Compliance officer)

CIN: L65993UP1965PLC003082 E-mail : modipon@modimangal.in Website : www.modipon.net