Nirav Commercials Ltd. — AGM Information 2021

Sep 28, 2021

NIRAV COMMERCIALS LIMITED C orporate O f fice: B-1, T u lsi Vihar, D r. A.B.Roa d , Worli Na k a, Mumbai- 4 00018, Ind i a Tel.:(91-2 2 ) 40457100 Fax: (91-2 2 ) 24936888 Email: nira v @associate d group.com

CIN: L51 9 00MH1985 P LC036668

September 28, 2021

BSE Ltd. Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.

Compa n y Code No . 512425

Sub.: Summary of Proceeding of 36[th] Annual General Meeting (AGM) held on Monday, September 27, 2021 .

As per R egulation 3 0 of the Listing Regul a tions enclo s ed herewit h the procee d ings of 36[t] [h] Annual General Meeting w hich was h eld on 2 7 th Septemb e r, 2021 at 3.30p.m ( I ST) throu g h Video confere n cing (VC)/ O ther Audi o Visual M e ans(OAV M ) in accord a nce with t h e relevant circulars issued by Ministry o f Corporate Affairs and S ecurities a n d Exchange Board of In d ia.

This is f or your inf o rmation an d record.

Kindly t ake the abo v e on record .

Thankin g you, Yours fa i thfully, For Nirav Commercials Ltd.

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Amey Borkar Company Secretary & Compliance Officer

Encl.: A /A

Regd. Offi c e : W-50 MI D C Industrial Area, Taloja – 410 208, Dist. Raigad ( M aharashtra) Tel.: (91-22) 249 4 9538

NIRAV COMMERCIALS LIMITED

C orporate O f fice: B-1, T u lsi Vihar, D r. A.B.Roa d , Worli Na k a, Mumbai- 4 00018, Ind i a Tel.:(91-2 2 ) 40457100 Fax: (91-2 2 ) 24936888 Email: nira v @associate d group.com

CIN: L51 9 00MH1985 P LC036668

Summary of proceeding of the 36[t] h Annual General Meeting of Nirav Commercials Limited

A. Date, time and venue of the Meeting

The 36[th] Annual Gen e ral Meeting ( AGM) of the Members of Nirav Com m ercials Limit e d (the Com p any) was hel d on Monday, September 2 7 , 2021 at 3.30 P.M. throu g h Video Con f erencing (“ V C”).

B. Proceeding in brief:

Shri Lal i t Kumar Da g a Chairman/ D irector of the Company p resided over the Meeting. The Chairm a n confirmed that the requ i site quorum was present a nd declared the meeting i n order and read the chairman speech for the mem b ers present.

Mr. Am e y Borkar, C o mpany Secr e tary & Com p liance office r of the Com p any informe d the membe r s that the facility for E-vo t ing had also b een provide d during the c o urse of the A GM and req u ested the M e mbers who w ere present a t the AGM th r ough VC an d not casted t h eir votes by r emote e-voti n g to cast the i r votes by E- v oting durin g the course o f the Meeting.

The foll o wing Agenda items of b u siness as set out in the N otice conve n ing the 36[th] A nnual Gene r al Meeting w ere commen d ed for mem b ers’ consider a tion and app r oval:

ORDINARY BUSINESSES:

1. To consider & adopt the A udited Stand a lone Financi a l Statements of the Comp a ny for the financial year e n ded 31st March, 2 021, togethe r with the Re p orts of the B o ard of Direct o rs and Auditors thereon;

2. Re-appointm e nt of Shri L a lit Kumar Da g a (DIN-000 8 9905) as a D i rector of the C ompany, re t iring by rotat i on.

SPECIAL BUSINESSES:

1. Appointme n t of Shri Ra g hav Daga ( D IN No. 00 0 84553) as M anaging Di r ector of the Company f o r a period of th r ee years w. e .f 7[th] June, 2 021

2. Categorizin g Shri Ragh a v Daga (DI N : 0008455 3 ) Managin g Director as a director liable to retir e by rotation.

3. Continuatio n of Chairm a n/Non-Exe c utive Directorship of S h ri Lalit Ku m ar Daga ( D IN: 00089 9 05) who has att a ined the ag e of 75 years .

4. Members c o nsent under section 180 ( 1)(a) of the Companies A ct, 2013.

The Chairman also i n formed the m embers that Shri Arun D a sh, Practisin g Company S ecretary was appointed a s the scrutinis e r to scrutini s e the voting through elec t ronic means ( i.e. remote e -voting and v oting at the m eeting by using electroni c system).

The Cha i rman inform e d the members that the results of the Remote E-votin g and E-votin g during the c ourse of AG M of the Com p any would b e disseminated and declare d within 48 h o urs from the date of this A GM.

Thereaft e r the meetin g concluded w ith a vote of t hanks to the c hair.

For Nirav Commercials Ltd.

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Amey Borkar Company Secretary & Compliance Officer

Regd. Offi c e : W-50 MI D C Industrial Area, Taloja – 410 208, Dist. Raigad ( M aharashtra) Tel.: (91-22) 249 4 9538