Morarka Finance Ltd. — AGM Information 2021

Aug 5, 2021

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MORARKA FINANCE LIMITED

Regd Off : 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400 021, Tel.: 22832468, 22042945 Fax : 22047288 www.morarkafinance.in, investors@morarkafinance.in CIN : L67120MH1985PLC035632

REF: MFL/2021-22/057

Date : August 5, 2021

Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Fax: 22723 2082 /3132

Scrip Code - 511549

Subject: Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Outcome and summary of proceedings of 36[th] Annual General Meeting.

Dear Sir,

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the 36[th] Annual General Meeting (AGM) of the Company was held on Thursday, August 5, 2021 at 11.30 a.m. (IST) through Video Conferencing (VC) where in following business were transacted :

Res. No.	Item
1	Adoption of Financial Statements for the year ended March 31, 2021.
2	Declaration of dividend on equity shares.
3	Re-appointment of Shri Gautam R. Morarka (DIN : 00002078) who retires by rotation and being eligible offers himself for re-appointment.
4	Regularization of appointment of Ms. K. Savitha Rao as a Director.
5	Approval of Related Party Transaction with Dwarikesh Sugar Industries Limited.

We are also enclosing herewith summary of proceedings of the AGM of the Company, as required under Regulation 30, Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) as Annexure - A.

Further, pursuant to Regulation 44(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 consolidated scrutinizer’s report along with voting results will be submitted on or before 7[th] August, 2021 and also be uploaded on the website of the Company.

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The meeting was concluded at 12.30 p.m.

You are requested to kindly take the same on record.

Thanking you,

Yours faithfully,

For Morarka Finance Limited

HIMGAURI Digitally signed by HIMGAURI SUMANT SUMANT BEHERA Date: 2021.08.05 18:09:37 BEHERA +05'30'

Himgauri S. Behera

Company Secretary & Compliance Officer

Encl: a/a

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Annexure – A

SUMMARY OF PROCEEDINGS OF THE 36[TH] ANNUAL GENERAL MEETING OF THE COMPANY

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Sr. No. Particulars Details
1 Date of Annual General Meeting August 05, 2021
2 Total numbers of shareholders as on Cut- As on cut-off/ record date – viz. July 29, 2021
Off/Record Date – 2411 Shareholders
3 Numbers of shareholders present in the
No arrangement for a physical meeting
meeting either in person or through proxy:
or appointment of proxy was made as the
Meeting was held through VC/OAVM .
Promoters & Promoter Group:
Public:
4 Number of shareholders attended the
meeting through video conferencing:
Promoters & Promoter Group: 4
Public: 37
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The 36[th] Annual General Meeting (‘AGM’) of the Members of Morarka Finance Limited (‘the Company’) was held on Thursday, August 5, 2021 at 11.30 a.m. (IST) through two-way Video Conferencing (‘VC’)/Other Audio Visual Means (‘OAVM’). The Company, while conducting the Meeting, adhered to the Ministry of Corporate Affairs (MCA) Circulars, Securities and Exchange Board of India (SEBI) Circular in view of the outbreak of COVID-19 pandemic.

The Company Secretary welcomed the Members to the Meeting and briefed them on certain points relating to the participation at the Meeting through VC thereafter Company Secretary Introduced the all the Directors, KMP’s and Auditors (Panelists) present at the AGM and declared that Panelists who are also shareholders being counted for the purpose of quorum and as the requisite quorum being present, the Company Secretary called the meeting in order.

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The Company Secretary informed the members that the Registers as required under the Companies Act, 2013 and other relevant documents mentioned in the Notice were available for inspection on company’s website. Since there was no physical attendance of Members and in compliance with the Circulars issued by the MCA and SEBI, the requirement of appointing proxies was not applicable, except for the authorized representatives of corporate shareholders.

Shri Gautam R Morarka, Chairman of the Company chaired the Meeting and extended warm welcome to all the shareholders at the 36[th] Annual General Meeting of the Company.

The Chairman addressed the members and briefed them about the performance of the company during the last fiscal year. He then explained the Company’s policy being adopted for growth in the coming period.

The Chairman stated that with the permission of the members present, the Notice of the Meeting with Explanatory Statement annexed thereto, which had been already circulated to them, may be taken as read.

Thereafter, Mrs. Himgauri Behera, Company Secretary of the Company gave a presentation covering the financial performance, strategic journey, Covid-19 effects on the sector, etc.

Shri B J Maheshwari, Director of the company read the Auditors' Report and comments of the Financial Statements of the Company. The Members were informed that the Statutory Auditors' Report and Secretarial Audit Report did not have any qualifications.

The Company Secretary informed the Members that the Company had provided its Members the facility to cast their vote electronically through the Central Depository Services India Ltd (‘CDSL’) system before the Meeting. She further informed that the e-voting facility was available during the AGM for the benefit of Members who were present during the Meeting and had not cast their votes earlier through remote e-voting. She further informed that Shri Vijay Kumar Mishra (FCS No. 4279) of M/s. VKM & Associates, Company Secretaries had been appointed as Scrutinizers to supervise that the remote e-voting and the voting during the proceedings of the AGM was done in a fair and transparent manner and the results of the remote e-voting and e-voting at the 36[th] AGM, together with the Report of the Scrutinizers thereon, will be disclosed to the Stock Exchange and displayed on the website of the company latest by Saturday, August 7, 2021.

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The Chairman then requested all the members present at the Meeting to cast their vote through e-voting facility provided at the AGM on below resolutions as set out in the notice of 36[th] AGM of the Company:

Res. No.	Item
1	Adoption of Financial Statements for the year ended March 31, 2021.
2	Declaration of dividend on equity shares.
3	Re-appointment of Shri Gautam R. Morarka (DIN : 00002078) who retires by rotation and being eligible offers himself for re-appointment.
4	Regularization of appointment of Ms. K. Savitha Rao as a Director.
5	Approval of Related Party Transaction with Dwarikesh Sugar Industries Limited.

The Chairman then invited the Members to express their views, ask questions and seek clarifications on the operations as well as the financial performance of the Company. Shri Gautam R. Morarka, Chairman and Shri B J Maheshwari, Director responded to the questions asked and clarifications sought by the Members.

The Chairman informed the members that the e-voting facility was kept open for the next 15 minutes to enable the Members to cast their vote.

The Chairman thanked the Members for attending and participating at the meeting. He also thanked the Directors for joining the Meeting and declared the meeting concluded at 12.30 p.m.