MOIL Limited — AGM Information 2020

Sep 29, 2020

Regd. Off.: MOIL Bhawan, lA Katol Road, NAGPUR- 440 013

Website: www.moil.nic.in, E-Mail ID: compliance(wmoiJ.nic.in, Ph.: 0712-2806182, Fax: 0712-2591661 , CIN: L99999MH1962GOI012398

CS/NSE-BSE/2020-211 7B Date: 29.09.2020

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To, The GM (Listing), National Stock Exchange of India Ltd, Exchange Plaza, Plot N o.C-1, G Block, BandraKurla Complex, Bandra (East), Mumbai - 400053

To, Listing Department BSE Limited PhirozeJeejeebhoy Towers Dalal Street Mumbai- 400001

Sub : Gist of Proceeding of 58th Annual General Meeting of the Company held on 29.09.2020.

Stock NSE: MOIL Code: BSE: 533286 ISIN: INE490G01020

Dear Sir/Madam,

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as well as Section 108 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, the company had provided e-voting facility to the shareholders of the Company in respect of all the items transacted at the 58th Annual General Meeting (AGM) of the Company held through Video Conferencing VC/ Other Audio- Visual Means (OA VM), on Tuesday, 29th September, 2020 at 11:30 A.M. at MOIL Ltd., MOIL Bhawan, 1-A, Katol Road, Nagpur- 440 013.

The e-voting period commenced on 25th September, 2020 at 9.00 a.m. and ended on 28th September, 2020 at 5.00 p.m. with cut-off date for determining eligibility of shareholders for e-voting being 22nd September, 2020. Electronic voting was also available during the AGM.

Shri Amit. K. Rajkotiya, Practicing Company Secretary FCS (5561), who was appointed as a Scrutinizer has submitted his report to the Chairman.

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, proceedings of the said 58th AGM held on 29.09.2020 are enclosed herewith.

The above are also uploaded on the Company's website www .moil.nic.in

This is for your kind information please.

Thanking you,

Yours faithfully, ^rMO Limited I ~ I~

6 0 N. . Pan ey ~· (Company Secretary & Compliance officer)

Gist of Proceedings of the 58th Annual General Meeting held through Video Conferencing VC/ Other Audio- Visual Means (OAVM), on Tuesday, 29th September, 2020 at 11:30 A.M at Ltd., at MOIL Bhawan, 1-A, Katol Road, Nagpur- 440 013

• (I) Shri M.P. Chaudhari, Chairman-cum-Managing Director, chaired the Meeting.
• (II) As the requisite quorum was present, the Chairman called the Meeting to order.
• (III) The Chairman informed that the meeting is held through VC/ OA VM in compliance with the circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India.
• (IV) Chairman informed to shareholders about availability of registers of Directors, KMP, Shareholding, Contract, Reports and other related documents/reports of Auditors for their inspection in electronic mode.
• (V) Chairman introduced Directors/ Auditors/Scrutinizer, etc. to the shareholders.
• (VI) With the permission of the shareholders, notice calling the 57th AGM of the Company along with Board's Report, Balance Sheet etc. were taken as read.
• (VII) Chairman informed shareholders that the Company has provided facility of electronic voting by means of remote e-voting. He also informed that electronic voting is also available during the AGM.
• (VIII) The Chairman delivered his speech to the shareholders.
• (IX) The Company Secretary informed that reports of C&AG and Statutory Auditors' were not required to be read at the meeting, as there was no comments/observation. He further informed the shareholders about observation of Secretarial Auditor in its report with regard to Composition of the Board.
• (X) The Chairman apprised about the following resolutions as per the Notice of AGM, which were transacted through e-voting.:

Resolution	Items I Resolutions
No.
Ordinary Business
1	To receive, consider and adopt the Audited Financial Statements of the Company including consolidated financial statements for the financial year ended March 31, 2020 together with the Reports of the Board of Directors, the Auditors thereon and Comments of the Comptroller & Auditor General of India- Ordinary Resolution

2	To declare Final Dividend of Rs. 3 per equity share for the year ended March
	31, 2020- Ordinary Resolution
3	To consider continuation of the appointment of Smt. Usha Singh, Director
	(Human Resource) (DIN: 08307456)- Ordinary Resolution
4	To fix remuneration of Statutory Auditors of the Company for the financial
	year 2020-21- Ordinary Resolution
Special Business
5	To ratify the remuneration of M/s Phatak Paliwal & Co., a practicing Cost
	Accountant, as Cost Auditor of the Company for the financial year 2020-21 -
	Ordinary Resolution
6	To accord consent for continuation of appointment of Dr. Deepak Singh
	(DIN-08568480) as an Independent Director.- Ordinary Resolution
7	To accord consent for continuation of appointment of Shri Mangesh P. Kinare
	(DIN- 08514820) as an Independent Director. Ordinary Resolution
8	To ratify /approve the contribution made in bona fide charitable fund, i.e., PM
	Cares Fund (Rs. 45 Crore ), CM Relief Fund - Maharashtra (Rs. 5 Crore) and
	CM Relief Fund- MP (Rs. 5 Crore).

(XI) Chairman invited questions on the resolutions and general workings of the company, as no shareholder asked the question in live AGM, the Chairman answered most of the queries received from the shareholders related to company's business on e-mail and chat box of Video conference AGM.

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(XII) Chairman declared the closure of the meeting.

Neeraj utt Pandey (Company Secretary & Compliance officer)