Pennar Industries Ltd. — AGM Information 2020

Sep 9, 2020

Date : 09.09.2020 Place: Hyderabad

The National Stock Exchange of India BSE Limited Limited PhirozeJeejeebhoy Towers, Dalal Street, Fort BandraKurla Complex, Bandra East Mumbai - 400 001 Mumbai - 400 051

Dear Sir/Madam,

Sub: Publication of newspaper advertisement - reg.

Pursuant to Regulation 47 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to captioned subject matter, we enclose copies of the Notice published in Business Standard and Nava Telangana newspapers on 09.09.2020, regarding the Notice of 44[th] Annual General Meeting, remote e-Voting, Book Closure and other information.

Kindly take the same on record and acknowledge the receipt of the same.

This is for your information and records.

for Pennar Industries Limited

==> picture [172 x 41] intentionally omitted <==

==> picture [63 x 44] intentionally omitted <==

Mirza Mohammed Ali Baig Company Secretary & Compliance Officer ACS29058

10 POLITICS & PUBLIC AFFAIRS ~~>~~

1

HYDERABAD | WEDNESDAY, 9 SEPTEMBER 2020

BJP replaces rath with Zoom forelection rallies

ECnormsforphysicalcampaigningpushleaderstoswitchtovirtualplatforms

ADITIPHADNIS NewDelhi,8September

he year was 2002 (SeptemberOctober) and campaigning for T Assembly elections in Gujarat was in full swing. The crowd was waiting for Narendra Modi. As the Mazda truck, redesigned as an air-conditioned chariot ( rath )glidedtoahalt,amakeshiftpodium with a canopy emerged slowly from the middle of the rath via a hydraulic lift. Standing at the centre, raising his hands, smiling, was Modi, in a scene that was a cross between Mahabharata and Star Wars . The gasp of the crowd was almost audible. However, Covid-19 has changed all of that. There will be few public meetings, evenfewer yatras .ZoomandCiscoWebex Home Minister Amit Shah’s first virtual rally in Bihar was heard by 15 million people are now the favoured modes of communication with voters. The rath will still be WHAT’S THE NEW NORMAL addressed by the prime minister. “For there— butfittedwithLEDlights,playing example, he might hold a rally of 100 in clips from the prime minister’s past n Fewpublicmeetings,evenfewer yatras Muzaffarpur. That will be beamed all speechesandnationalistsongs,festooned willtake placethistime acrossthestateusingtechnology,”Kumar withposters,akindofmobileaudio-visual n Atpanchayatlevel,too,ZoomandCisco said. display,asittrundlesthroughvillagesand Earlier this week, chief minister and Webexarethefavouredmediumof towns. Instead of public meetings, much partychiefoftheJanataDalUnited,Nitish communication of the BJP’s campaign in the election will Kumaralsoheldavirtualpublicmeeting. be conducted digitally. n Wehavetakentechnologytothe mandal BJP MP Rajeev Chandrashekhar, who “Wehavetakentechnologytothe man- andboothlevel,saysBJPgeneralsecretary has interests in media says campaigning dal and booth level,” said Devesh Kumar, DeveshKumar during Covid-19 will be via paid time on BJPgeneralsecretaryandco-convenorof n Cadrestrainedonhowtodownloadand televisioninadditiontodigitalmedia.All the campaign committee. There is no political parties will have to tailor their operateZoom, CiscoWebexsystems choice. Guidelines issued by the Election campaignsaccordingly.“YouwillseecamCommission stipulate that no more than n Office-bearershavevisitedevery paign spends on TV go up,” he said. five people will be allowed for a door-toAssemblysegmenttotrainpeople However, social scientist Milan door campaign, a maximum of five vehiVaishnav cautions against blithe clescanbeusedinroadshowsandpublic assumptions about the capabilities of rallieswillbeallowedingroundspre-idenor 55 people at a time, all wearing masks. technology to power elections. “If you tified by district election officer, with The last round was in Araria and look at all other walks of life — consumer social distancing, sanitizers, masks and a Kishanganj,” he said. products, sports, film, music, work — cap of 100 people. When Home Minister Amit Shah held data and digital applications are all the “Even at the panchayat level, people the first virtual public meeting in June, rage. Why should politics be exempt have begun to understand Zoom and the party was expecting 100,000 people fromthesesweepingchanges?”Vaishnav Cisco Webex,” Kumar said. The state BJP to join, however, 15 million heard him. told Business Standard . “But let’s also has undertaken extensive workshops to This was a result of the technology familnot forget the realities of India. There are train cadres on how to download and iarisationexercise.Themeetingwaswebstill barriers to digital communications. operate the systems, including the ‘mute’ cast on Facebook Live, YouTube and Smartphone penetration is highly and‘unmute’functionsandhowtospeak. Zoom. All news channels aired the meetuneven. There is a tremendous potential “Our office-bearers have visited every ing live. Small screens were also put up at to misuse digital platforms, which could assemblysegmenttotrainpeople:firstwe the booth level. Nobody had to go far to spark a backlash. If technology were the held virtual conferences and then we visattend the meeting. determining factor, the BJP would not itedthelocationspersonallytoholdsmall Kumarsaysinthefuturetoo,thesame havelostmajorstateelectionsgoingback sessions with people — no more than 50 pattern will be followed, even for rallies to 2017,” he added.

GDP be higher than Q4FY20 — a loss of scriptions. nearly two years,” said Devendra Pant, chief economist, India Ratings. More on www.business-standard.com He added that wages occupied a third of the nominal GDP. “A washout of ~18.5 trillion in nominal GDP translates to the ‘Economylikely...’ vanishing of ~6 trillion worth of wages.”

> FROM PAGE 1

He added that wages occupied a third Ratingagencies... of the nominal GDP. “A washout of ~18.5 While Fitch expects the economy to trillion in nominal GDP translates to the ‘Economylikely...’ reboundstronglyinQ2,IndiaRatingsprevanishing of ~6 trillion worth of wages.” dicts contraction in all four quarters of Alargenumberofcompanieshave FY21, expecting a rebound in FY22. It has Moreonwww.business-standard.com sufferedadoublewhammy(those projected 9.9 per cent growth in real GDP whichwerealreadyunderstressbefore during FY22, mostly due to a favourable Covid).Willthisbecomeachallengefor PUBGshedsChina... base effect. bankstodecideastowhichcasetotake Predicting a sharper recovery, It has nearly 33 million users in India. up? Goldman Sachs has pegged real GDP PUBG Corporation said it hoped to work The RBI has put clear boundary condigrowthat15.7percentinFY22,andamasalongwiththeIndiangovernmenttofind tions. The first test is these assets should sive27.1percentintheJune2021quarter. a solution that would “allow gamers to not have overdue above 30 days as on “Real output in March 2022 will still once again drop into the battlegrounds” March1.Second,asaresultofCovid,their be around 2 per cent below the March while being fully compliant with Indian operationsdeterioratedinthesubsequent 2020 level,” said Prachi Mishra and laws and regulations. quarters. I would think that banks have a Andrew Tilton of Goldman Sachs in a Even though the franchise of the rathersimpletesttomeasureifacompany note.Atthesametime,Fitchexpectsglobmobile version of the game was with is eligible or not. The RBI has structured al GDP to fall 4.4 per cent in 2020, a modTencent Games, the rights of usage on it (scheme) very appropriately, so that est upward revision from the 4.6 per cent other platforms, however, has remained there is no second guessing by banks to expected earlier. with Bluehole Studio. That is how Indian what the intent was. “Recovery in economic activity has gamersareabletoplaythepersonalcombeen swifter than anticipated. China has puter (PC) version despite the ban. Howdoyouseepreparationsofbanks already regained its pre-virus GDP levels “PUBG will have to go at length to todealwithworkbasedontheir and retail sales in the US, France, and the proveitszeroassociationwithTencentor experiencewithlargestressedfirmsin UK now exceed February levels,” Fitch any other Chinese provider, so a come- thelastfiveyears? wrote about global economic recovery. back will not be an overnight job. Even if This time around they are going in for a “Butwedoubtthiswillbecomethemuchtheydocomeback,itisgoingtobewitha different kind of restructuring, as historilauded V-shaped recovery. lot of assurances that it will have to give callywheneversuchanexercisewasdone, Unemployment shocks lie ahead in to the government,” said Sanchit Vir thecompanywasintoaprioridistressand Europe,firmsarecuttingcapex,andsocial Gogia, Founder & CEO, Greyhound then you looked at restructuring. Here, distancing continues to restrict privateResearch. there is no a priori stress. The distress is sector spending,” said Brian Coulton, due to the Covid pandemic. The assesschief economist at Fitch Ratings. Moreonwww.business-standard.com ment is that in space of two years, these IndiaRatingsnowexpectsadentof9.1 companies can come back to normal. per cent in India’s nominal GDP, against Handholding (restructuring) is for that its earlier estimate of 3.4 per cent. This period by which time they should come would take FY21 nominal GDP down to Jioplansto... back. After having looked at what is hap~1.85 trillion, lower than the FY19 level of While the company succeeded in getting pening in real economy, my own assess~1.9 trillion. over 110 million customers through feament is that the second quarter perform“Only in Q3FY22 will India’s nominal turephones,itsnetincreaseinsubscribers ance (Q2Fy21) is expected to be far better month-on-month has slowed in than that of the first quarter. I think two recent months, from as high as 9- years is fair time for companies to come ~~>~~ ~~BS SUDOKU~~ # 3151 10millionnetadditions(around40 out of the pain. per cent were feature phone users) to around 3-4 million.

What panel has suggested is for the banking and financial sector to deal with corporates. But the pain is for the economy as whole. What are the steps you would advise for the system and to enhance the effectiveness of the recast?

Moreonwww.business-standard.com

you would advise for the system and to With$500mn... enhance the effectiveness of the “We look forward to working with recast? themasByju’sbuildsonandaccelThedramaticdropincapacityutilisation erates its compelling growth trabycorporatescontributedtothenegative jectory by forging new partnerGDP. I think this time what the governships and continuing to cultivate menthasdonethroughvariousschemes a comprehensive ecosystem of is to address the pain at the lowest link – innovative educational offerings.” individuals and companies. The private equity firm, headquartered in Menlo Park, NBFCs are not eligible for California, counts e-commerce restructuring while they may carry out giant Alibaba, ride-hailing firm a recast exercise for some companies Didi Chuxing, and home rental to whom they have lent. That creates SOLUTION TO #3150 Very easy: firm Airbnb among its portfolio certain anomaly. How do you see it? companies. Therecouldbeanentitywherebankand « The other portfolio companies NBFC both have given loans. The bank Solution includeTwitter,Alphabet’sself-driwouldrestructureitsloanandthatwould tomorrow ving company unit Waymo, and facilitate efforts to address the pain in Intelsat,theworld’slargestprovider the system. My position is that banks ~~HOW TO PLAY~~ of fixed satellite services. should be major lenders and when they Fill in the grid so Since the lockdown started, restructure the loan, the pain gets allevithat every row, Byju’shasseenover20millionnew ated. I get your point they are also borevery column students start learning on its platrowersandlenders.Thefirstlegofit(borand every 3x3 form for free. Today the app has rowers) is outside of our preview. The box contains over64millionregisteredstudents regulator will have to look at the NBFC the digits 1 to 9 and 4.2 million annual paid subpart separately.

Gokak Textiles Limited

CIN: L17116KA2006PLC038839 Registered Office: #1, 2nd Floor, 12th Cross, Ideal Homes, Near Jayanna Circle, Rajarajeshwari Nagar, Bengaluru 560 098 Tel : +91 80 2974 4077, +91 80 2974 4078 Email: secretarial@gokaktextiles.com Website : www.gokakmills.com

Notice of 14[th] Annual General Meeting, E-voting Information and Book Closure Notice is hereby given that:

• The 14[th] Annual General Meeting (AGM) of the Members of the Company will be held on Tuesday, September 29, 2020 at 3.00 p.m. (IST) through Video Conferencing (‘VC’)/ Other Audio Visual Means (‘OAVM) to transact the business as set forth in the Notice dated June 29, 2020. Members attending the AGM through VC/OAVM shall be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

In accordance with the General Circulars issued by the Ministry of Corporate Affairs (MCA) circular Nos. 14/2020, 17/2020 and 20/2020 dated April 8, 2020, April 13, 2020 and May 5, 2020 respectively and Securities and Exchange Board of India (SEBI) Circular No. SEBI/HO/ CFD/CMD1/CIR/P/2020/79 dated May 12, 2020, the Company has sent the Annual Report (including the Notice of the AGM) of the Company for Financial Year 2019-2020 on September 7, 2020 through electronic mode by National Securities Depository Limited (NSDL) to those Members who have registered their email Ids. The Notice of the 14[th] AGM and Annual Report for Financial Year 20192020 is also available on the Company’s website: www.gokakmills. com and the website of stock exchange where the shares of the Company are listed i.e. www.bseindia.com and on the website of National Securities Depository Limited (NDSL) website: https://www. evoting.nsdl.com Pursuant to Section 108 of the Companies Act, 2013 and Rules framed thereunder, the Members holding shares either in physical form or in dematerialised form, as on the cut-off date (record date for e- voting) of September 22, 2020, are provided with the facility to cast their vote electronically on the Ordinary and Special Business as set out in the Notice of 14[th] AGM through electronic voting system of National Securities Depository Limited (NDSL). The e-voting period shall commence on Saturday, September 26, 2020 at 9.00 a.m. and shall end on Monday, September 28, 2020 at 5.00 p.m. after which voting shall not be allowed. Once the vote on a resolution is cast by the Member by e-voting, he shall not be allowed to change it subsequently. E-Voting shall also be made available at the 14[th] AGM and the members who have not cast their vote through remote e-voting shall be able to vote at the AGM.

Any person, who becomes a member of the Company after dispatch of the Notice and holds shares as of the cut-off date i.e. September 22, 2020, may obtain the login ID and password by sending a request at evoting@nsdl.co.in or csg-unit@tsrdarashaw.com. However, if you are already registered with NSDL for remote e-voting then you can use your existing user ID and password for casting your vote. Members who have cast their vote by remote e-voting prior to the 14[th] AGM may also attend the 14[th] AGM but shall not be entitled to vote again at the AGM.

For the process and manner of e-voting, Members may refer to the instructions in the Notice of 14[th] AGM and to the Frequently Asked Questions (FAQs) and e-voting user manual available at https://www. evoting.nsdl.com/1800-222-990 orcontact Ms. Sarita Mote from NSDL at the designated e-mail IDs: SaritaM@nsdl.co.in or at telephone no.: + 91 22 24994890.

1. Shareholders holding shares in physical mode and whose email IDs are not registered, are requested to register their email ID with TSR Darashaw Consultants Private Limited (RTA) at csg-unit@tsrdarashaw. com or secretarial@gokaktextiles.com, by sending a duly signed request letter mentioning their Name as registered with the RTA, Address, email ID, Mobile Number, self-attested copy of PAN, DPID/Client ID or Folio Number and number of shares held. Shareholders holding shares in dematerialized mode are requested to register/update their email address with the relevant Depository Participants. 10. Pursuant to Section 91 of the Companies Act,2013 and Regulation 42 of SEBI (Listing Obligations & Disclosure Requirements), Regulations 2015, the Register of Members and Share Transfer books of the Company will remain closed from Wednesday, September 23, 2020 to Tuesday, September 29, 2020 (both days inclusive). For Gokak Textiles Limited Place: Bengaluru Rakesh M. Nanwani Date: September 8, 2020 Company Secretary& Compliance Officer

ôV’≤<äsêu≤<é � ãT<Ûäyês¡+ 9 ôdô|º+ãsY 2020

Á|üXÀï‘·Ôsê\ ‘=\–+|ü⁄.. bÕs¡¢yÓT+{ŸqT |üø£ÿ<√e |ü{Ϻ+#·&Éy˚T

� md”«πø yÓ_HêsY˝À Á|üD≤[ø± dü+|òüT+ sêÁwüº ObÕ<Ûä´≈£åî\T

qe‘Ó+>±D ` dæ{°ã÷´s√ bÕs¡¢yÓT+{Ÿ˝À Á|üXÀï‘·Ôsê\ düeTj·T+ rùdj·T&É+, Jy√ nesYqT ≈£î~+#·&É+, Á|üsTTy˚≥T _˝Ÿ‡ nesY‡qT m‘˚Ôj·T&ÉeT+fÒ.. bÕs¡¢yÓT+{ŸqT |üø£ÿ<√e |ü{Ϻ+#·&Éy˚T ne⁄‘·T+<äì Á|üD≤[ø± dü+|òüT+ sêÁwüº ObÕ<Ûä´≈£åî\T uÀsTTq|ü¢ $H√<é≈£îe÷sY nHêïs¡T. ôV’≤<äsêu≤<é˝Àì md”«πø Ä<Ûä«s¡´+˝À md”«πø y˚TH˚õ+>¥ ø£$T{° ø±s¡´<ä]Ù $qjYT≈£îe÷sY düeTq«j·T+‘√ ªbÕs¡¢yÓT+{ŸqT |üø£ÿ≈£î HÓfÒºdüTÔHêïsêµ n+X¯+ô|’ eT+>∑fi¯yês¡+ yÓ_HêsY ìs¡«Væ≤+#ês¡T. á dü+<äs¡“¤+>± $H√<é≈£îe÷sY e÷{≤¢&ÉT‘·÷.. >∑‘·+˝À düe÷y˚XÊ\≈£î #ê˝≤ düeTj·T+ πø{≤sTTùdÔ Ç|ü⁄Œ&ÉT 7 s√E\ 28 >∑+≥\T e÷Á‘·y˚T bÕs¡¢yÓT+{Ÿ n+≥THêïs¡ì ‘ÓbÕs¡T. <˚X¯yê´|üÔ+>± mdtMπø Ç˝≤+{Ï ø±s¡´Áø£e÷\T eT]ìï #˚|ü{≤º\ì Äø±+øÏå+#ês¡T. d”|”◊(m+) sêÁwüº ø±s¡´<ä]Ùes¡Z düuÛÑT´\T, e÷J m+|” &Üø£ºsY $T&çj·T+ u≤ã÷sêe⁄ e÷{≤¢&ÉT‘·÷.. Á|ü»\ Á|ü‹düŒ+<äq>± q&ÉTdüTÔqï Á|üXÀï‘·Ôs¡ düeTj·÷ìï s¡<äT› #˚j·T&É+ dü]ø±<äHêïs¡T. ;CÒ|” Á|üuÛÑT‘·«+ ∫e] #·s¡´>± Á|üXÀ‘·Ôs¡ düeTj·÷ìï s¡<äT› #˚dæq≥Tº>± nì|æk˛Ô+<äHêïs¡T. Ä bÕغ kı+‘· mC…+&ÜqT Á|üy˚X¯ô|fÒº Á|üD≤[ø£ »s¡T>∑T‘√+<äì Äy˚<äq e´ø£Ô+ #˚XÊs¡T. bÕs¡¢yÓT+{Ÿ≈£î, Hê´j·T e´edüú≈£î y˚πs«s¡T bÕÁ‘·\T OHêïj·Tì nHêïs¡T. ;CÒ|” bÕ\q sêC≤´+>∑ ìπsΔXÊ\≈£î _Ûqï+>± O+<äì $eT]Ù+#ês¡T. bÕs¡¢yÓT+{Ÿ˝À #·s¡Ã\T ‘·–Zb˛‘·THêïj·Tì #ÓbÕŒs¡T. ;CÒ|” |ü]bÕ\Hê ø±+˝À Ç|üŒ{Ï es¡≈£î 68 Ä]¶HÓHé‡\T rdüTø=#êÃs¡ì >∑Ts¡TÔ #˚XÊs¡T. ø£+ô|˙\T, <˚XÊìï düe÷q+>± #·÷&Ü\Hêïs¡T. Äπs+&É¢ ø±+˝À Á|ü»\ düeTdü´\qT #·]Ã+#·H˚ ˝Ò<äHêïs¡T. Ä]úø£ e´edüúqT ø±s=Œπs≥¢≈£î n|üŒ–+#˚˝≤ ≈£îÁ≥ |üqTï‘·THêïs¡ì Äy˚<äq e´ø£Ô+ #˚XÊs¡T. Á|üC≤kÕ«eT´+ q&Ée&É+ á Á|üuÛÑT‘ê«ìøÏ Çwüº+ ˝Òq≥Tº>± O+<äHêïs¡T.

O<˚›X¯|üPs¡«ø£+>±H˚ Á|üXÀï‘·Ôs¡ ø±˝≤ìï m‘˚ÔXÊs¡ì nHêïs¡T. Ä+Á<ÛäCÀ´‹ &Ûç©¢ ã÷´s√ n|üŒs¡düT ø£ècÕísêe⁄ e÷{≤¢&ÉT‘·÷.. ˇø£|üŒ&ÉT bÕs¡¢yÓT+{Ÿ˝À #ê˝≤ rÁe+>± #·s¡Ã\T »]π>$.. ø±˙ Á|üdüTÔ‘·+ »s¡>∑&É+ ˝Ò<äHêïs¡T.