MOIL Limited — AGM Information 2021

Sep 29, 2021

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MOIL LIMITED

(A Government of India Enterprise) Regd. Off.: MOIL Bhawan, 1A Katol Road, NAGPUR – 440 013

Website: www.moil.nic.in, E-Mail ID: compliance@moil.nic.in, Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: L99999MH1962GOI012398 CS/NSE-BSE/2021-22/106 Date: 29.09.2021

To, To, The GM (Listing), Listing Department National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, Plot No.C-1, G Block, PhirozeJeejeebhoy Towers BandraKurla Complex, Bandra (East), Dalal Street Mumbai – 400053 Mumbai- 400001

Sub : Gist of Proceeding of 59[th ] Annual General Meeting of the Company held on 29.09.2021.

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 59[th] Annual General Meeting (AGM) of the Company held through Video Conferencing (VC) / Other Audio- Visual Means (OAVM), on Wednesday, 29[th] September, 2021 at 11:30 A.M. at MOIL Ltd., MOIL Bhawan, 1-A, Katol Road, Nagpur - 440013.

The e-voting period commenced on 25[th] September, 2021 at 9.00 a.m. and ended on 28[th] September, 2021 at 5.00 p.m. with cut-off date for determining eligibility of shareholders for e-voting being 22[nd] September, 2021. 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 59[th] AGM held on 29.09.2021 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,

For MOIL Limited

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N.D. Pandey (Company Secretary & Compliance Officer)

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MOIL LIMITED NAGPUR

Gist of Proceedings of the 59[th] Annual General Meeting held through Video Conferencing (VC) / Other Audio- Visual Means (OAVM), on Wednesday, 29[th] September, 2021 at 11:30 A.M at MOIL Ltd., MOIL Bhawan, 1-A, Katol Road, Nagpur - 440 013

• (I) Shri M.P. Chaudhari, Chairman-cum-Managing Director was suffering from back pain due to severe muscle spasm and there is pain in movement. Hence, in terms of Article 107 of Articles of Association of MOIL, Shri Rakesh Tumane, Director (Finance), who is also CFO of the company, 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/ OAVM 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 59[th ] 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 report of Statutory Auditors' were not required to be read at the meeting, as there was no comments/observation. However, CAG has given three observations mainly with regard to classification/presentation in the financial statements of the company. He further informed the shareholders about two qualifications in the Secretarial Audit Report regarding composition of the Board and contribution to the PM Cares & Maharashtra CM Relief Funds.

• (X) The Chairman apprised about the following resolutions as per the Notice of AGM, which were transacted through e-voting.:

Resolution No.	Items / Resolutions
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, 2021 together with the Reports of the Board of Directors, the Auditors thereon and Comments of the Comptroller & Auditor General of India– OrdinaryResolution
2	To declare Final Dividend of Rs. 4.90 per equity share for the year ended March 31,2021– OrdinaryResolution
3	To consider continuation of the appointment of Shri Rakesh Tumane, Director (Finance) (DIN: 06639859)– OrdinaryResolution
4	To consider continuation of the appointment of Shri PVV Patnaik, Director (Commercial) (DIN: 08734778)– OrdinaryResolution
5	To fix remuneration of Statutory Auditors of the Company for the financial year 2021-22– Ordinary Resolution
Special Business
6	To ratify the remuneration of M/s Phatak Paliwal & Co., a practicing Cost Accountant, as Cost Auditor of the Company for the financial year 2021-22 - OrdinaryResolution

• (XI) Chairman invited questions on the resolutions and general workings of the company. There were two speaker Shareholders who asked the questions in live AGM in addition to questions received through live chat box of VC. The Chairman and Functional Directors answered queries received from the shareholders.

• (XII) Chairman declared the closure of the meeting.

For MOIL Limited

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N.D. Pandey (Company Secretary & Compliance Officer)

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