Mold-Tek Packaging Limited — AGM Information 2022

Sep 30, 2022

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Date: 30[th] September, 2022

	The Secretary, Listing Department, BSE Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001. Scrip Code: 533080	The Manager, Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5thFloor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai-400051. Symbol: MOLDTKPAC - EQ

Sir/Madam,

- Sub: Summary of Proceedings of the 25[th] Annual General Meeting of Mold Tek Packaging Limited “The Company”-as required under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In accordance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a summary of proceedings of the 25[th] Annual General Meeting of the members of the Company held today, i.e. on Friday, the 30[th] day of September, 2022 at 11:00 AM (IST) through Video Conference/ Other Audio-Visual Means.

Kindly take the same on record.

For MOLD-TEK PACKAGING LIMITED

Janumahanti Lakshmana Rao Digitally signed by Janumahanti Lakshmana Rao DN: c=IN, o=Personal, postalCode=500033, st=Telangana, 2.5.4.20=153f96bbf6015bc1234fc4aba9a01339efe9f5998d79af2c5ab2f75659c6658f, pseudonym=CCE2DADBD4F18BDCFB66384F07904E5240063BD3, serialNumber=3E1DDE16E5F2CE3D1DBB97ACA8E8F4FCE4363A5D37CC873D60C9DCF0A2B1E259, cn=Janumahanti Lakshmana Rao Date: 2022.09.30 16:53:45 +05'30'

J. Lakshmana Rao Chairman & Managing Director DIN: 00649702

Encl: As above

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SUMMARY OF PROCEEDINGS OF THE TWENTY-FIFTH (25[TH] ) ANNUAL GENERAL MEETING “AGM” OF MOLD-TEK PACKAGING LIMITED “THE COMPANY”, HELD ON FRIDAY, SEPTEMBER 30, 2022 AT 11:00 A.M. (IST) THROUGH VIDEO CONFERENCING/OTHER AUDIO-VISUAL MEANS “VC/OAVM”

The 25[th] Annual General Meeting of the Members of the company was held on Friday,30[th] September, 2022 at 11:00 a.m. (IST) through Video Conferencing/ Other Audio-Visual Means in accordance with the provisions of the Companies Act, 2013, read with the Rules made thereunder and General Circular nos. 14/2020 dated 8[th] April, 2020, 17/2020 dated 13[th] April, 2020, 20/2020 dated 5[th] May, 2020, 02/2021 dated 13[th] January, 2021, 21/2021 dated 14[th] December, 2021 and 2/2022 dated 5[th] May, 2022, issued by the Ministry of Corporate Affairs (“MCA”) read with Circulars dated 12[th] May, 2020, 15[th] January, 2021, 13[th] May 2022 and other relevant circulars, if any, issued by the Securities and Exchange Board of India (“SEBI”).

The Requisite quorum being present the proceedings of the meeting was conducted.

Mr. Subhojeet Bhattacharjee, the Company Secretary of the Company, on behalf of the Board of Directors extended his sincere and warm welcome to all the esteemed Shareholders, Directors and all other attendees to the 25[th] Annual General Meeting of the Company and informed that the Company has made all feasible efforts under the current circumstances to enable the members to participate in the meeting through Video Conferencing/ Other Audio Video Means facility and vote electronically.

Mr. J. Lakshmana Rao, Chairman and Managing Director, gave an overview of the financial performance of the company for the financial year ended 31[st] March, 2022 and about its future outlook.

Thereafter Mr. J. Rana Pratap, Sr. Vice President-Corporate and Mr. A. Durga Sundeep, Sr. Vice President- Operations and Finance, presented their respective power point presentations to all the shareholders and attendees attending the 25[th] Annual General Meeting of the Company relating to business performance, expansion, future roadmap and their respective roles and contributions, the same is being enclosed herewith for your ready reference and for dissemination to public on your website.

The Company Secretary informed the members that pursuant to the provisions of the Companies Act, 2013 and Rules framed there under and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company had extended the remote e-voting and e-voting during the AGM facility to the members of the company in respect of the resolutions to be passed at the meeting. The remote e-voting commenced at 9:00 a.m. (IST) on 26[th] September, 2022 and ended at 5:00 p.m. (IST) on 29[th] September, 2022.

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He further informed that the Board of Directors have engaged the services of Central Depository Services (India) Limited (CDSL) as the agency to provide remote e-voting facility and e-voting facility during the Annual General Meeting and have appointed Mr. Ashish Kumar Gaggar, Practicing Company Secretary, as the scrutinizer for the purpose of scrutinizing the remote e- voting process and e-voting during the Annual General Meeting.

Thereafter, the following business were transacted as set out in the Notice of the 25[th] Annual General meeting dated 2[nd] September, 2022:

Item No.	Business
	Ordinary Business:
1.	To receive, consider and adopt the audited financial statements (including the audited consolidated financial statements) of the Company for the financial year ended 31st March,2022,togetherwith the reports of Board of Directors and Auditors thereon.
2.	To confirm the payment of interim dividend paid during the year and to declare the final dividend on equityshares for the financialyear ended31stMarch,2022.
3.	To appoint a Director in place of Mr. P. Venkateshwara Rao, Deputy Managing Director (DIN: 01254851) who retires by rotation and being eligible, offers himself for re-appointment.
4.	To re-appoint the statutory auditors, to hold office from the conclusion of the 25th Annual General Meeting until the conclusion of the 30thAnnual General Meeting, and to fix their remuneration.
	Special Business:
5.	To Re-appoint and fix remuneration of Mr. Srinivas Madireddy (DIN: 01311417) as Whole –time Director of theCompany.
6.	To Re-Appoint Dr. Venkata Appa Rao Kotagiri (DIN: 01741020) as an Independent Non-Executive Director of the Company for a second term of five consecutive years, in terms ofSection 149of theCompanies Act,2013readwith relevant rules.
7.	To Re-Appoint Mr. Eswara Rao Immaneni (DIN: 08132183) as an Independent Non- Executive Director of the Company for a second term of five consecutive years, in terms of Section 149of the Companies Act,2013 read with relevant rules.
8.	To approve the revision in remuneration payable to Mr. J. Rana Pratap, holding office orplace ofprofit.
9.	To approve the revision in remuneration payable to Mr. A. Durga Sundeep, holding office orplace ofprofit.
10.	To approve the Reclassification of certain member of Promoter Group from “Promoter / Promoter Group” categoryto “Public shareholding” category.

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The Company Secretary then informed the Members about the general instructions regarding participation in the meeting and informed that the Company has received requests from several Members to register themselves as Speakers for the Meeting, but due to paucity of time only 5 to 7 speakers on first-come-first-serve basis could be accommodated. The Members who have registered themselves as speaker and could not speak at the Meeting may send their questions to the Company at email: cs@moldtekpackaging.com and the Company will be happy to respond to the said questions appropriately.

The name of the speakers were called thereafter, one by one, and Mr. J. Lakshmana Rao, Chairman and Managing Director, of the Company answered to all the questions and queries to their satisfaction.

Mr. J. Lakshmana Rao, Chairman and Managing Director, then thanked the shareholders and all other attendees for their active participation and the meeting was concluded at 12:10 p.m. (IST).

The consolidated voting results would be declared and disseminated to the Stock Exchanges (BSE & NSE) on which the Company's shares are listed and will also be made available on the website of the Company at https://www.moldtekpackaging.com/ within two working days of the conclusion of the meeting.

This is for your information and record.

For MOLD-TEK PACKAGING LIMITED

Janumahanti Lakshmana Rao Digitally signed by Janumahanti Lakshmana Rao DN: c=IN, o=Personal, postalCode=500033, st=Telangana, 2.5.4.20=153f96bbf6015bc1234fc4aba9a01339efe9f5998d79af2c5ab2f75659c6658f, pseudonym=CCE2DADBD4F18BDCFB66384F07904E5240063BD3, serialNumber=3E1DDE16E5F2CE3D1DBB97ACA8E8F4FCE4363A5D37CC873D60C9DCF0A2B1E259, cn=Janumahanti Lakshmana Rao Date: 2022.09.30 16:54:37 +05'30'

J. Lakshmana Rao Chairman & Managing Director DIN: 00649702

Encl: As above

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ANNUAL GENERAL MEETING 30-SEPT-2022 J. RANA PRATAP

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(BSE: 533080; NSE:MOLDTKPAC) Sept 30, 2022

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www.moldtekpackaging.com

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Segment wise Growth prospects

Co-located Plants

APIL + New Major

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• Expanding capacity

• 2-3 New locations as preferred partner

IBM Game Changer Iodex + New dairy

Custom Projects Horlicks + Kissan

Encouraging customer additions Moving towards seasonal immunity in TW

• 2 machines booked

• 1 & 2 kg promo – LW

• Huge volumes in dairy

• Daman expansion for HUL

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Expanding range

82

930

800

Restaurants + Beverages

New Food & FMCG New designs New SKUs customers added processed for our processed in Q1 in Q1 customers in Q1

• 250-1500 ml LW packs

• PVR + Milkshake cups

Though edible oil sales reduced in Q-Pack

Dairy segment grew 50% | Supplements & Agri by 90%

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Enabling Multi-dimensional Growth

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Adding new 3 member IBM team

• Re-defined marketing strategy & training team to engage the new age customer

• In-house design studio – HUL, GSK, Mondelez & many more. IBM designs & caps

• All custom moulds – Overlook design, mould, label & robot development

• Launched new oval shapes for ice creams, rectangular boxes for dates and sweets, twist packs for ghee & confectionary – Market research & customer compliance. Now launching restaurant & Beverage packs

  • Product features & USP

  • Process details

  • Pricing & Negotiation

  • Sales Pitch & presentation

  • Monitoring and incentivizing them

• Customer engagement handling >100 Cr business in TW

• Single-handedly Revived HUL, Himalaya, Vadilal, Lazza, Hatsun, P&G, Wipro

• Enabled multi-fold growth in GSK, Amul, Mondelez

• SPOC for a new paint giant's STORM into Indian Paint industry

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Future Roadmap & Product expansion

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Injection Blow Molding In Pharma

IBM with clean room manufacturing

Leverage our grip in Injection Molding (Mold design, IML, productivity) and provide low weight & lower cost bottles to customers in Pharma, FMCG & Cosmetics

The company has significant growth plans in the next 2-3 years with focus on high value adding products through both product & geographical expansion

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IBM for cosmetics, balms & domestic

Focus on Injection molding

New Products, Plants & Industries

Lower weight designs + IML

• Launch 3-4 concept products every year

• Receiving good response across industries. We kick started our IBM facility with P.O from Iodex.

• New plants in Daman, Hyderabad, Kanpur, Panipat & double capacities in Vizag & Mysore

• Paint strainers, Dairy milkshakes are high volume

• Entering new industries like Seeds, Cheese, Fertilizers, Sweets etc.

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New Divisional expansion – Pumps & IBM

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– Pumps

• Wipro consistently giving orders but yet to increase

• Himalaya 400 ml category lotion pumps recently closed

• Major bulk order from chemicals company

• 10 new customers added in this quarter

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Pharma IBM setup – DMF consultancy, designs of >16 IBM bottles, CRC & CT Caps

• Establishing design, technical, sales & quality team for Pharma

• Creating new sales material and nurturing new connects

• Shortlisting the right product mix - Moulds Ranging from 30 cc to 950 cc with 33, 38 mm neck ordered

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While Pharma competence is setup, we focus on

• Marketing IBM products – Cosmetics | F&F | Dairy | Paints

• Balm category expansion – GSK IODEX project | Pilot plant with 2+2 machines

• Approached by Dairy industry & paint strainers for high-volume IBM products

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ANNUAL GENERAL MEETING 30-SEPT-2022 SUNDEEP ADIVISHNU

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(BSE: 533080; NSE:MOLDTKPAC) Sept 30, 2022

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www.moldtekpackaging.com

Table of Contents

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Established in 1986, one of the leading players in rigid plastic packaging in India. Publicly listed in 1993

VISION

Manufactures injection molded containers for lubes, paints, food &other products

GROWTH ROADMAP

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PROJECTS

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CAPACITY & EXPENDITURE

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SCALABILITY

10 Manufacturing Units, 2 stock points PAN India. Capacity of over 45,000 TPA

Pioneers in the field of In-Mold labelling (IML) in India. HD photographic labels, produced by 100% hands-free operation & are 100% recyclable.

MTPL commands strong presence across all major customers like Asian Paints, Castrol, Shell, Mondelez, Hindustan Unilever, etc.

Superior margins in the packaging industry due to the cost advantage emanating from backward integration

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MOLDTEK PACKAGING

– VISION

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•
Encase
& Hold
Filling &
Appeal &
Allied
Branding
operations
Safety &
Utility
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BECOME A RELIABLE PACKAGING SOLUTIONS PROVIDER

• Traditional packaging to hold and encase the products

Not just a supplier or converter – but give end-to-end solutions for our customers

• Lid fitment

• Custom Design

• • Product specific

• • Elimate secondary packaging / branding

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• Superior Decoration

• Custom Designs

• Digital IML

• Flexibility

• Tamper Proof

• Tamper Evident

UNLOCK HIDDEN POTENTIAL

• Spout & CCD

• Digital IML

By providing utility based “Solutions” to our customers, Moldtek’s vision is to unlock the underlying value for all its stakeholders 3

• Customer Usage,

• Post life Utility

Future Roadmap

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Injection Digital
General
Blow Molding Packaging
Expansion
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COMPANY’S UNDERLYING FOCUS

'Un’-Seasonalize

High Value Adding Products

Flexibility & Utility

  - Understand utility & add new industries

• Low MOQ without impacting operational efficiency

• EBIDTA per KG - a critical driving factor

  • Identify new applications

• Quick design changes

• FMCG, Pharma, Food, Custom segments

  • Export potential

• New packs, concepts & designs

• Traceability

• Anti-counterfeit

DIGITAL TRANSFORMATION TO ACHIEVE OVERALL SCALABILITY

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Projects & Plans : 125 Cr expansion this year

Focus on maintaining ROCE & further improving in longterm

NEW PLANTS

10 manufacturing facilities

New facility in Kanpur

Sulthanpur, Hyderabad: State of art facility for Pharma, Food & FMCG

Daman: New FSSC 22000 facility focusing on Food & FMCG for the Western region Kanpur: New facility for Bulk packs focusing on Paints. Our entry into North, further product range expansion

Daman

EXPANSION OF EXISITING PLANTS

Mysore: Increasing capacity in line with customer plans Vizag: Increasing capacity in line with customer plans and also adding Lubricant packs

Khandala

Vizag

Head Office in Hyderabad 2 facilities in Sanga Reddy District Mysore Printing Unit at Jeedimetla, Hyd

2 facilities in Medchal District

U1, Hyderabad: Pilot IBM plant, Die cutting U6, Hyderabad: New & advanced Printing

CONSIDERATIONS

North: Considering a plant in Haryana focusing on Paints, Food & FMCG. Expandable to IBM. South: Considering a plant in TN focusing on Paints & Lubricants. Expandable to FMCG

EXISTING PLANTS

5

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Capacity Expansion
THIN-WALL BULK PACKS IBM LABELS TOOL ROOM
2600MT will Per month
4700 MT Doubling
be added 2000MT will capacity will
will be capacity of
Daman, be setup increase
added IML & HTL–
Vizag, Sulthanpur, from 4 in
Sulthanpur, 4.5 cr
Hyderabad, Hyderabad 2021 to 8 in
Daman labels/PM
Kanpur 2023
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The Company is also in discussions with a Paint major to set up manufacturing plants in couple of locations in India In addition to this, the company is planning to add new designs & shapes for Food, FMCG & Lubricant industry

6

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DIGITAL TRANSFORMATION – FOR STABILITY & SCALABILITY

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FOCUS ON BECOMING A PROCESS & DATA DRIVEN COMPANY

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MORE IMPORTANCE GIVEN TO OPERATIONS & CUSTOMER SERVICE

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100% transparency in operations

Capture ideas & Further Innovation

Well integrated CRM & ERP with a focus on achieving complete transparency in operations

Capture Ideas, provide a workflow for implementing ideas & projects; calculate the impact

From Lead to Order; Order to Delivery -> Completely live and transparent

Department wise KPI dashboards

Data Driven Decision Making

Improve Efficiency Enhanced procurement planning & production planning

AI based production sequencing, self learning wastage target mechanism

Live dashboards & tickers for top management enabling better & faster decisions

Scenarios based digital simulations for strategic direction & growth plans

Bar code inventory & goods movement

THANK YOU