Pervasive Commodities Limited — AGM Information 2023

Jun 16, 2023

PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)

REGD. OFFICE: Phone: (079) 2274 3671 / 69430077 306, Sarthik Complex, Fax : (079) 2274 3727 Nr. Fun Republic, Iscon Cross Road, Website: https://www.pervasiveindia.com/ Satellite, Ahmedabad – 380 015. Email : pervasivecommodities@gmail.com ----------------------------------------------------------------------------------------------------------------

Date: 16/06/ 2023

To, BSE LTD P J Towers, Dalal Street, Mumbai-400 001

Sub: Outcome cum Proceeding of 38[th] Annual General Meeting held on 16[th] June, 2023

Ref: Scrip Code: 517172

Dear Sir/Madam,

Pursuant to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the brief proceedings of the 38[th] Annual General Meeting of Pervasive Commodities Limited is given below:

In compliance of various circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India, we would like to inform you that 38[th] Annual General Meeting of Pervasive Commodities Limited was held on Friday, 16[th] June, 2023 Scheduled at 02.00 pm and started at 02.00 p.m. at the Registered Office of the Company situated at 306, Sarthik Complex, Nr. Fun Republic Iscon Cross Road, Satellite Ahmedabad Gujarat 380015 to seek approval of members of the Company on resolutions set out in the Notice.

Mr. Dharmeshkumar Dataniya, Managing Director of the Company appointed as a Chairman of the Meeting.

Considering requisite quorum being present, the Chairman welcomed the Members at the 38th Annual General/Meeting held at the Registered office of the Company.

The Chairman and other Directors, Chief Financial Officer, Statutory Auditors, Secretarial auditors, Scrutinizer and other panelists of the Company had presented the meeting.

Thereafter, Chairman and Managing Director, Mr. Dharmeshkumar Zinabhai Dataniya greeted the shareholders and gave brief introduction of Company's performance and development, operational and_ financial performance of the Company.

The Notice of Annual General Meeting, the Directors’ Report, Auditor’s Report, Secretarial Auditors’ Report and Financial Statements of the Company already circulated to the members were taken as read.

PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)

REGD. OFFICE: Phone: (079) 2274 3671 / 69430077 306, Sarthik Complex, Fax : (079) 2274 3727 Nr. Fun Republic, Iscon Cross Road, Website: https://www.pervasiveindia.com/ Satellite, Ahmedabad – 380 015. Email : pervasivecommodities@gmail.com

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The Company provided remote e-voting facility to the members on resolutions proposed to be considered at the 38[th] Annual General Meeting from Tuesday, 13[th] June, 2023 (9:00 a.m.) to Thursday, 15[th] June, 2023 (5:00 p.m.).

The Company also provided ballot paper facility to the shareholders physically present at the Annual General Meeting and who had not cast their vote earlier through e-voting.

Thereafter the chairman gives the satisfactory Answer of Shareholder’s Questions in Question Answer Session.

Further, the following items of business as set out in the Notice convening the 38[th] Annual General Meeting were narrated for members’ consideration:

Ordinary Business:

1. Adopted

a) the Audited Financial Statements for the year ended 31[st] March, 2023 and reports of the Board of Directors and the Auditors thereon

1. Appointed a Director in place of Mr. Dharmeshkumar Dataniya (DIN: 09785680) who retires by rotation and being eligible, offers himself for re-appointment;

2. Retified of M/s V S S B & Asscociates as a Statutory Auditor of the Company;

Special Business:

1. To Increase in Authorised Share Capital of the Company;

2. To issue the equity shares on preferential basis;

3. To appoint Managing Director, Mr. Dharmesh Kumar Dataniya (DIN: 09785680) as a Managing Director of the company;

4. To Regularize an additional Independent Director, Ms. Vishakha Shah (DIN:09711526) as an Independent Director of the company;

5. To Regularize an additional Independent Director, Ms. Hetal Pathak (DIN: 09683121) as an Independent Director of the company;

6. To Regularize an additional Non-Executive Director, Ms. Parulben Dharmeshkumar Dataniya (DIN: 09785793) as a Non-Executive Non-Independent Director of the company;

7. To Increase in authorisation to the Board of Directors pursuant to Section 180 (1)

PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)

REGD. OFFICE: Phone: (079) 2274 3671 / 69430077 306, Sarthik Complex, Fax : (079) 2274 3727 Nr. Fun Republic, Iscon Cross Road, Website: https://www.pervasiveindia.com/ Satellite, Ahmedabad – 380 015. Email : pervasivecommodities@gmail.com

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(a) of the Companies Act, 2013;

1. To increase Borrowing Powers of the Board of Directors pursuant to Section 180 (1) (c) of the Companies Act, 2013::

2. To take consent of Members for increase in the limits applicable for making investments/ extending loans and giving guarantees or providing securities in connection with loans to persons/ bodies corporate:

The Chairman informed that CS Ms. Dharti Patel, (Membership No. ACS 52283), of M/s. Dharti Patel &Associates,, Practicing Company Secretary was appointed as Scrutinizer by Board to conduct the remote e-voting and ballot voting during the Annual General Meeting in a fair and transparent manner. The combined result of remote e- voting and ballot paper voting during the Annual General Meeting will be announced within two working days of the conclusion of the Annual General Meeting on receipt of Scrutinizer’s report and will be submitted to the stock exchange separately as required under Regulation 44(3) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015.

As all the business of the meeting were completed, the Company Secretary thanked all the Directors, Auditor, Scrutinizer and Members for attending the meeting and with a vote of thanks declared the meeting as concluded.

We request you to take note of the same.

Please take the same on your record.

The Meeting of the Shareholders Started at 02:00 P.M. and Concluded at 02:50 P.M.

You are requested to take the same on your record.

Thanking you

For, Pervasive Commodities Limited

DHARMESHKU Digitally signed by DHARMESHKUMAR MAR ZINABHAI ZINABHAI DATANIYA DATANIYA Date: 2023.06.16 15:36:42 +05'30'

……………………………….. Dharmeshkumar Dataniya Managing Director DIN: 09785680