Pansari Developers Limited — AGM Information 2024

Sep 27, 2024

MAHESH KUMAR Digitally signed by MAHESH KUMAR AGARWAL AGARWAL Date: 2024.09.27 17:48:58 +05'30'

SUMMARY OF PROCEEDINGS OF 28[TH] ANNUAL GENERAL MEETING (AGM) OF PANSARI DEVELOPERS LIMITED HELD AT 2.00 P.M (IST) ON FRIDAY, 27[TH] SEPTEMBER, 2024:

The 28[th] AGM of the Company was held on Friday, 27th September 2024 at 2.00 P.M at its Registered Office at 14, N S Road, 4[th] Floor, Kolkata 700001. The Meeting commenced at 2.00 PM (IST) and concluded at about 3.30 PM (IST). A total of 18 Members and 12 Members represented by Proxy attended the Meeting.

PRESENT

Sr No	Name	Designation
1	Mr Mahesh Kumar Agarwal	Chairman & ManagingDirector
2	Mr Ankit Agarwal	Whole Time Director
3	Mr Manoj Agrawal	Independent (Non Executive Director), Chairman of the Nomination& Remuneration Committee and Stakeholder RelationshipCommitee
4	Mr Debasish Bal	Independent Director(Non Executive Director), Chairman of the Audit Committe
5	Mrs Garima Agarwal	Independent Director (Non Executive Director).
6	MsShreya Agarwal	Non executive Director
7	Mrs Kavita Agarwal	Chief FinancialOfficer

Mr Mahesh Kumar Agarwal the Managing Director and Chairman of the Company chaired the meeting. The Chairman greeted the members to the meeting and on the requisite quorum being present called the meeting to an order.

Representativesof M/s.Garv& Associates, the Statutory auditor of the Company and Mr. Prakash Kumar Shaw,Practicing Company Secretaries, the Scrutinizer,was also present at the meeting.

The Managing Director & Chairman Mr. Mahesh Kumar Agarwal discussed about the Operational, Current and future Key aspects of the Company and the initiatives to be undertaken for the Success and growth of the Company.

Mr. Mahesh Kumar Agarwal, Managing Director, Chairman& Compliance Officer of the Company delivered hisspeech to the Shareholders of the Company. He informed the members that pursuant to the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI Listing Regulations, the Company had engaged NSDL to provide remote e-voting facility which commenced onTuesday, 24 September 2024, (9.00 A.M IST) and ended on Thursday, 26th September 2024 (05:00 P.M IST). He also informed that the members who have not cast their vote by means of remote e-voting, will be able to exercise their right to vote up to the conclusion of the meeting.

With the consent of the Members present, the Notice convening the AGM and the Auditor's Report for the financial year ended March 31, 2024 were taken as read. There were no qualifications, observations or adverse remarks in the reports of the Statutory Auditor and Secretarial Auditor.

The following item of business, as per the Notice of AGM was transacted at the meeting:

ORDINARY BUSINESS:

1. Adoption of Audited Financial Statement (both Standalone & the Consolidated financial Statement) of the Company for the financial year ended 31st March, 2024and the Reports of Directors’ and Auditors’ thereon.

2. Re-appointmentof Mr. Mahesh Kumar Agarwal (DIN:00480731) who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.

3. Re-appointment of M/s. Garv & Associates, chartered Accountants (FRN: 301094E) as Statutory Auditorto hold office from conclusion of this 28th Annual General Meeting of the company till conclusion of 29thAnnual General Meeting to be held in the year 2025 at a remuneration to be fixed by the Board of Directors of the company in consultation with the Auditors.”

The voting rights of the Members were reckoned based on the number of shares held by them as on the ‘cut-off’ date i.e., Friday, 20th September 2024. M/s Prakash Kumar Shaw & Co Practising Company Secretary (C.PNo: 16239), Kolkata, was appointed as the scrutinizer for the purpose of scrutinizing the process of remote e-voting and e-voting during the Meeting in a fair and transparent manner.

All the items of business for consideration at the 28[th] Annual General Meeting, as set out in the Notice dated 30th August 2024 have been passed by the Members by the requisite majority through remote e-Voting.

He further informed the Members that the consolidated results of the voting and the report of the Scrutinizer will be communicated to the stock exchanges viz National Stock Exchange of India Ltd, where the shares of the Company are listed and will also be placed by the Company on its’ website at www.pansaridevelopers.com.

The Chairman invited the members to express the view and seek clarification, if any, on the item of Business, as per Notice of AGM.

The meeting then concluded with vote of thanks.

Thanking You, Yours Faithfully, For PANSARI DEVELOPERS LIMITED

MAHESH KUMAR Digitally signed by MAHESH KUMAR AGARWAL AGARWAL Date: 2024.09.27 17:49:26 +05'30' Mahesh Kumar Agarwal (Managing Director& Compliance Officer) (DIN: 00480731)