Mold-Tek Packaging Limited — Board/Management Information 2023

Aug 29, 2023

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MTPL/SECT/065/23-24

Date: 29[th] August, 2023

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

Dear Sir/Madam,

Sub: Outcome of Board Meeting dated 29[th] August, 2023.

We wish to inform you that, the Board of Directors of the Company at their meeting held on Tuesday, the 29[th] day of August, 2023 from 10:45 a.m. (IST) till 12:10 p.m. (IST), inter-alia:

• (i) Approved the Notice of the 26[th] Annual General Meeting (AGM) of the Company and the Directors’ Report along with annexures thereto for the Financial Year ended on 31[st] March, 2023;

• (ii) Fixed the date, time and venue of the 26[th] Annual General Meeting on Tuesday, the 26[th] day of September, 2023, at 11:00 a.m. (IST) , to be held through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”) ;

• (iii) Fixed the cut-off date for the purpose of payment of final dividend for the Financial Year 2022-2023, if declared, at the 26[th] AGM and e-voting (both remote e-voting as well as e-voting during the 26[th] AGM) for the said AGM on Tuesday, the 19[th] day of September, 2023 ( end of day );

• (iv) Fixed that the remote e-voting period for the 26[th] AGM shall commence on Friday, the 22[nd] day of September, 2023 ( 9:00 a.m. onwards) and ends on Monday, the 25[th] day of September, 2023 ( till 5:00 p.m.) . During this period or at the AGM, the Members of the Company holding shares either in physical form or in dematerialized form as on the cut-off date may cast their vote electronically. The details such as manner of registering/ updating e- mail addresses and casting of vote through e-voting has been set out in the Notice of 26[th] AGM;

• (v) Appointed Mr. Ashish Kumar Gaggar , (Mem. No. F6687 and CP No. 7321), Company Secretary in Practice, as the scrutinizer for scrutinizing the entire e-voting process, ( both remote e-voting as well as e-voting during the 26[th] AGM );

• (vi) Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, fixed that the Register of Members and the Share Transfer Books of the Company shall remain closed from Wednesday, the 20[th] day of September, 2023 to Tuesday, the 26[th] day of September, 2023 ( both days inclusive ) for the purpose of distribution of final dividend, if declared, for the Financial Year 2022-23;

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• (vii) Considered, approved and recommended the re-appointment of Mr. Lakshmana Rao Janumahanti (DIN: 00649702) as Chairman and Managing Director of the Company for a period of five (5) years, commencing from 1[st] April, 2024 to 31[st] March, 2029, subject to the approval of the members of the Company at the upcoming/ensuing 26[th ] Annual General Meeting;

• (viii) Considered, approved and recommended the re-appointment of Mr. Subramanyam Adivishnu (DIN: 00654046) as Deputy Managing Director of the Company for a period of five (5) years, commencing from 1[st] April, 2024 to 31[st] March, 2029, subject to the approval of the members of the Company at the upcoming/ensuing 26[th] Annual General Meeting;

• (ix) Considered, approved and recommended the re-appointment of Mr. P. Venkateswara Rao (DIN: 01254851) as Deputy Managing Director of the Company for a period of five (5) years, commencing from 1[st] April, 2024 to 31[st] March, 2029, subject to the approval of the members of the Company at the upcoming/ensuing 26[th] Annual General Meeting.

Further, as per the requirement of the Circular No. List/Comp/14/2018-19 dated 20[th] June, 2018, issued by BSE on the subject of enforcement of SEBI Orders regarding appointment of Directors by listed companies, we hereby affirm that the Directors being re-appointed are not debarred from holding the office of directors by virtue of any order of SEBI or any other such authority.

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the said Regulations, SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 and Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 11[th] and 13[th] July, 2023, respectively, are given in the enclosed ‘Annexure-A’ .

Upon declaration by the members, final dividend for the Financial Year 2022-23 shall be paid within 30 days of the 26[th] AGM to those shareholders, who are holding shares of the Company as on Tuesday, the 19[th] day of September, 2023 ( end of day ).

This is for your kind information and record.

Thanking you,

For Mold-Tek Packaging Limited

SUBHOJEET Digitally signed by SUBHOJEET BHATTACHARJEE BHATTACHARJEE Date: 2023.08.29 12:53:23 +05'30'

Subhojeet Bhattacharjee Company Secretary and Compliance Officer

Encl: A/a

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ANNEXURE – A

Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the said Regulations, SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 and Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 11[th] and 13[th] July, 2023, respectively pertaining to appointment/reappointment of Directors:

(i) Re-appointment of Mr. Lakshmana Rao Janumahanti (DIN: 00649702) as Chairman and Managing Director of the Company:

Sr. No.	Particulars	Details
1.	Reason forchange:	Re-Appointment.
2.	Date of re-appointment & terms:	Re-appointed with effect from 1stApril, 2024. Pursuant to the provisions of Sections 149, 196, 197, 198, 203, Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Companies (Appointment and Qualification of Directors) Rules, 2014 [including any statutory modification(s) or re-enactment thereof for the time being in force], and Regulation 17(1),17(6)(e) and other applicable Regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,as amended from time to time, the Articles of Association of the Company, Nomination and Remuneration Policy of the Company and based on the recommendations of the Nomination and Remuneration Committee, Audit Committee and the Board of Directors of the Company, re-appointed as Chairman and Managing Director of the Company for a period of five (5) years, commencing from 1stApril, 2024 to 31stMarch, 2029, subject to approval of members in ensuing Annual General Meeting.
3.	Brief profile:	Mr. Lakshmana Rao Janumahanti holds a Bachelor’s degree in Civil Engineering & Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Bangalore. He is the Founder of Mold-Tek Group, Chairman & Managing Director of Mold-Tek Packaging Limited and Mold-Tek Technologies Limited. He has a vast Experience of around 40 yearsinthefield of Finance &Marketing.
4.	Disclosure of relationships between directors:	Mr. Lakshmana Rao Janumahanti is the brother of Mrs. A. Seshu Kumari, Chief Financial Officer of the Company and brother-in-law of Mr. Subramanyam Adivishnu, Deputy Managing Director of the Company.

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(ii) Re-appointment of Mr. Subramanyam Adivishnu (DIN: 00654046) as Deputy Managing Director of the Company:

Sr. No.	Particulars	Details
1.	Reason forchange:	Re-Appointment.
2.	Date of re-appointment & terms of appointment:	Re-appointed with effect from 1stApril, 2024. Pursuant to the provisions of Sections 149, 196, 197, 198, 203, Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Companies (Appointment and Qualification of Directors) Rules, 2014 [including any statutory modification(s) or re-enactment thereof for the time being in force] and Regulation 17(1),17(6)(e) and other applicable Regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the Articles of Association of the Company, Nomination and Remuneration Policy of the Company and based on the recommendations of the Nomination and Remuneration Committee, Audit Committee and the Board of Directors of the Company, re-appointed as Deputy Managing Director of the Company for a period of five (5) years, commencing from 1stApril, 2024 to 31stMarch, 2029, subject to approval of members in ensuing Annual General Meeting.
3.	Brief profile:	Mr. Subramanyam Adivishnu holds a Bachelor’s degree in Mechanical Engineering from REC- Suratkal and has also completed course in Mould Design and Manufacturing from CIPET- Chennai. He has promoted Mold- Tek Group along with Mr. Lakshmana Rao Janumahanti. He has around 42 years of work experience and is over all in-charge of in-house research and development of moulds and in-house tool room for designing and development of mouldsfor new products.
4.	Disclosure of relationships between directors:	Mr. Subramanyam Adivishnu is the brother-in-law of Mr. Lakshmana Rao Janumahanti, Chairman and Managing Director of the Company. He is also the husband of Mrs. Seshu Kumari Adivishnu, Chief FinancialOfficerofthe Company.

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(iii) Re-appointment of Mr. P. Venkateswara Rao (DIN: 01254851) as Deputy Managing Director of the Company:

Sr. No.	Particulars	Details
1.	Reason for change:	Re-Appointment.
2.	Date of re-appointment & terms of appointment:	Re-appointed with effect from 1stApril, 2024. Pursuant to the provisions of Sections 149, 196, 197, 198, 203, Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Companies (Appointment and Qualification of Directors) Rules, 2014 [including any statutory modification(s) or re-enactment thereof for the time being in force] and Regulation 17(1),17(6)(e) and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the Articles of Association of the Company, Nomination and Remuneration Policy of the Company and based on the recommendations of the Nomination and Remuneration Committee, Audit Committee and the Board of Directors of the Company, re- appointed as Deputy Managing Director of the Company for a period of five (5) years, commencing from 1stApril, 2024 to 31stMarch, 2029, subject to approval of members in ensuing Annual General Meeting.
3.	Brief profile:	Mr. P. Venkateswara Rao holds a Bachelor’s degree in Arts from Osmania University and a Diploma Degree in Material Management. He has over 44 years of work experience in the field of Material Management and Project Execution and Co- ordination. He is in charge of overall Marketing and Commercial activities of the Company.
4.	Disclosure of relationships between directors:	Nil

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