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Pidilite Industries Ltd. AGM Information 2020

Sep 30, 2020

61002_rns_2020-09-30_23525f52-fa21-4887-b8c1-c5b3f3d94f66.pdf

AGM Information

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30[��] S��������, 2020

T�� S�����a�� T�� S�����a�� BSE L��. Na����a� S���� E���a��� �� I���a L��. C�����a�� R��a�������� D���., E���a��� P�a�a, P��� ��. C/1, G B����, 14[��] �����, P. J. T����, Ba���a-K���a C������, Da�a� S�����, F��� Ba���a (E), M���a� - 400 001 M���a� - 400 051 S�ock Code � 500331 S�ock Code - PIDILITIND

D�a� S��,

S�b: Ann�al Gene�al Mee�ing Min��e�

D�a� S��/Ma�a�,

P��a�� ���� �������� �������� ���� �� ��� M������ �� ��� ����������� �� ��� 51[��] A���a� G����a� M������ ���� �� 10[��] S��������, 2020 ��� ���� ������.

T�a����� Y��,

Y���� �a��������,

Fo� Pidili�e Ind����ie� Limi�ed

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P�nee� Ban�al Com�an� Sec�e�a��

E��� a� a����

CIN : L24100MH1969PLC014336

The min��e� of �he Fif�� Fi��� Ann�al Gene�al Mee�ing of �he Membe�� of M/�. Pidili�e Ind����ie� Limi�ed held �h�o�gh Video Confe�encing (VC)/ O�he� A�dio Vi��al Mean� (OAVM) on Th���da�, �he 10[�h] Sep�embe�, 2020. The mee�ing commenced a� 03.00 p.m. and concl�ded a� 04.23 p.m. The mee�ing �a� deemed �o be held a� �he Regi��e�ed office of �he Compan� a� Regen� Chambe��, 7[�h] Floo�, Jamnalal Bajaj Ma�g, 208, Na�iman Poin�, M�mbai 400 021.

PRESENT THROUGH VIDEO CONFERENCE / OTHER AUDIO VISUAL MEANS:

Sh�i M. B. Pa�ekh - Chai�man & Membe�
Sh�i A. B. Pa�ekh - Whole Time Di�ec�o� & Membe�
Sh�i A. N. Pa�ekh - Whole Time Di�ec�o� & Membe�
Sh�i Bha�a� P��i - Managing Di�ec�o� & Membe�
Sh�i B. S. Meh�a - Independen� Di�ec�o�, Membe� and Chai�man of A�di�
Commi��ee, Nomina�ion and Rem�ne�a�ion
Commi��ee and Ri�k Managemen� Commi��ee
Sh�i Debab�a�a G�p�a - Whole Time Di�ec�o�
Sm�. Mee�a Shanka� - Independen� Di�ec�o�
Sh�i N. K. Pa�ekh - Vice Chai�man & Membe�
Sh�i Pi���h Pande� - Independen� Di�ec�o�
Sh�i Sanjee� Aga - Independen� Di�ec�o�, Membe� and Chai�man of
S�akeholde�� Rela�ion�hip Commi��ee
Sh�i Uda� Khanna - Independen�Di�ec�o� & Membe�
Sh�i Vinod Da�a�i - Independen� Di�ec�o�
IN ATTENDANCE THROUGH VIDEO CONFERENCE/ OTHER AUDIO VISUAL
MEANS:
Sh�i P�adip Menon - Chief Financial Office�
Sh�i P�nee� Ban�al - Compan� Sec�e�a�� & Membe�
Sh�i S�nil B��de - Vice P�e�iden� - Dome��ic Acco�n��
Sm�. Mani�ha She��� - Addi�ional Compan� Sec�e�a�� & Membe�
Sh�i Na�e�h Jain - Pa��ne� of Deloi��e Ha�kin� & Sell� LLP, S�a���o��
A�di�o��
Sh�i M M She�h and
- f�om M. M. She�h & Co., Sec�e�a�ial A�di�o� &
Sm�. Ami She�h Membe�

To�al 158 membe�� incl�ding �ho�e men�ioned abo�e �e�e p�e�en�.

Da�e of en��� in min��e� book 28-09-2020

Sh�i M B Pa�ekh, Chai�man, chai�ed �he mee�ing.

The Chai�man �elcomed all �he Di�ec�o�� and Membe�� p�e�en� a� �he 51[��] Ann�al Gene�al Mee�ing (AGM) of �he Compan�. He men�ioned �ha� �he AGM �a� being held fo� �he fi��� �ime �h�o�gh Video Confe�encing / O�he� A�dio Vi��al Mean� facili��. He al�o ��a�ed �ha� he �a� a��ending �he Mee�ing f�om M�mbai. The Chai�man �hen a�ked �he Compan� Sec�e�a��, Sh�i P�nee� Ban�al �o elabo�a�e on applicable legal p�o�i�ion� fo� holding �hi� AGM.

Sh�i P�nee� Ban�al, info�med �he Membe�� �ha� d�e �o �he con�in�ing COVID-19 pandemic, �he 51[��] Ann�al Gene�al Mee�ing (AGM) of �he Compan� �a� being cond�c�ed �h�o�gh Video Confe�encing (VC)/ O�he� A�dio Vi��al Mean� (OAVM) facili�� �i�ho�� �he ph��ical p�e�ence of �he Membe�� in acco�dance �i�h �he applicable p�o�i�ion� of Companie� Ac�, 2013 �ead �i�h �he R�le� i���ed �he�e�nde� and �he Sec��i�ie� and E�change Boa�d of India [SEBI] (Li��ing Obliga�ion� and Di�clo���e Req�i�emen��) Reg�la�ion�, 2015 and ci�c�la�� i���ed b� �he Mini���� of Co�po�a�e

Affai�� and SEBI f�om �ime �o �ime in �hi� �ega�d. The deemed �en�e of �hi� mee�ing �hall be �he Regi��e�ed Office of �he Compan�.

He al�o info�med �he Membe�� �ha� p����an� �o �he p�o�i�ion� of Sec�ion 108 of �he Companie� Ac�, 2013, R�le� i���ed �he�e�nde� and Reg�la�ion 44 of SEBI (Li��ing Obliga�ion� and Di�clo���e Req�i�emen��) Reg�la�ion�, 2015, �he Compan� had p�o�ided e-�o�ing facili�� �o �he membe�� �o e�e�ci�e �hei� �igh� �o �o�e on �he �e�ol��ion� p�opo�ed �o be pa��ed a� �he AGM �h�o�gh elec��onic �o�ing ����em p�o�ided b� Na�ional Sec��i�ie� Depo�i�o�� Limi�ed (NSDL), p�io� �o �he AGM (�emo�e e-�o�ing).

The �emo�e e-�o�ing pe�iod �hich had commenced on S�nda�, 6[�h] Sep�embe�, 2020 a� 9.00 a.m. ended on Wedne�da�, 9[�h] Sep�embe�, 2020 a� 5.00 p.m and �he Membe�� �ho had no� e�e�ci�ed �hei� �o�e ea�lie�, co�ld al�o �o�e d��ing �he AGM. He f���he� info�med �ha� �he Chai�man �ill anno�nce commencemen� of e-�o�ing pla�fo�m �hich �hall �emain open �n�il 15 min��e� af�e� clo���e of �he mee�ing. He in�i�ed Membe��� a��en�ion �o �he �pda�ed AGM no�ice elec��onicall� �en� �o all �he Membe�� of �he Compan� and al�o placed on �eb�i�e of S�ock E�change�, NSDL and Compan� �ega�ding mino� co��ec�ion� in �he e�plana�o�� ��a�emen� �o �e�ol��ion no. 8 fo� appoin�men� of Sh�i Debab�a�a G�p�a a� Whole-�ime Di�ec�o�.

He f���he� info�med �he Membe�� �ha� �he Compan� had �aken all fea�ible ��ep� �o en���e �ha� �he �ha�eholde�� �e�e p�o�ided an oppo���ni�� �o pa��icipa�e in �hi� AGM and �o�e. The de�ailed in����c�ion� fo� �peake�� and pa��icipan�� had been p�o�ided in �he no�ice of AGM. He al�o info�med �ha� �he facili�� of appoin�ing a p�o�� a� �he mee�ing �a� no� a�ailable a� pe� �he MCA Ci�c�la�. F���he�, he men�ioned �ha� �he Compan� had �ecei�ed ce��ified copie� of �e�ol��ion� f�om bod� co�po�a�e� �ho �e�e membe�� �/� 113 of �he Companie� Ac�, 2013 a��ho�i�ing �hei� �ep�e�en�a�i�e� �o a��end and �o�e a� �he mee�ing.

The�eaf�e� �he Compan� Sec�e�a�� �eq�e��ed �he Chai�man �o �ake cha�ge of �he p�oceeding� of �he mee�ing.

Af�e� confi�ma�ion of �he q�o��m, �he Chai�man in��od�ced all �he Di�ec�o�� �ho �e�e a��ending �he AGM �h�o�gh VC, ��a�ing �hei� �e�pec�i�e po�i�ion�/de�igna�ion� in �he Compan� and �he place f�om �he�e �he� �e�e a��ending �he AGM. He al�o men�ioned �ha� apa�� f�om Di�ec�o��, �he CFO, S�a���o�� A�di�o� and Sec�e�a�ial A�di�o�, �e�e al�o pa��icipa�ing in �he AGM �h�o�gh VC.

The Chai�man �he�eaf�e� anno�nced �he commencemen� of e-�o�ing a� �he AGM �hich had been p�o�ided b� NSDL.

He �hen ��a�ed �ha� �he No�ice con�ening �he mee�ing a� �ell a� Di�ec�o��� Repo��, �e�e being �aken a� �ead a� �he �ame had al�ead� been ci�c�la�ed �o all Membe��. Since �he�e �e�e no q�alifica�ion�/ ad�e��e �ema�k� in �he S�a���o�� A�di�o��� Repo�� and Sec�e�a�ial A�di�o��� Repo��, �he� �e�e al�o �aken a� �ead.

F���he�, he men�ioned �ha� �he �egi��e�� and doc�men��, a� �eq�i�ed �nde� �he p�o�i�ion� of �he Companie� Ac�, 2013 and ESOP ce��ifica�e i���ed b� S�a���o�� A�di�o��, had been made a�ailable fo� online in�pec�ion.

The Chai�man �hen add�e��ed �he Membe�� and deli�e�ed hi� �peech �hich incl�ded highligh�� on b��ine�� pe�fo�mance, financial�, o��look, e�c. Af�e� hi� �peech, �he Chai�man placed befo�e �he mee�ing �he follo�ing 10 �e�ol��ion� a� con�ained in �he No�ice da�ed 17[�h] J�ne, 2020 calling �he 51[��] Ann�al Gene�al Mee�ing fo� Membe�� app�o�al. He b�iefed �he membe�� abo�� �he objec�i�e� and implica�ion� of �he �e�ol��ion� a� ��a�ed in �he e�plana�o�� ��a�emen� a��ached �o �he AGM No�ice.

ORDINARY BUSINESS:

1. ORDINARY RESOLUTION FOR ADOPTION OF FINANCIAL STATEMENTS:

�RESOLVED THAT �he A�di�ed Financial S�a�emen�� con�i��ing of Balance Shee�, P�ofi� and Lo�� Acco�n�, S�a�emen� of Change� in Eq�i��, Ca�h Flo� S�a�emen� and no�e� fo�ming pa�� �he�eof �oge�he� �i�h �he �epo��� of Boa�d of Di�ec�o�� and A�di�o�� �he�eon fo� �he �ea� ended 31[��] Ma�ch, 2020 and al�o a�di�ed con�olida�ed financial ��a�emen�� of �he Compan� �oge�he� �i�h �he �epo�� of A�di�o�� fo� �he �ea� ended 31[��] Ma�ch, 2020, be and a�e he�eb� app�o�ed and adop�ed.�

2. ORDINARY RESOLUTION FOR CONFIRMATION OF INTERIM DIVIDEND ON EQUITY SHARES, AS FINAL DIVIDEND FOR THE FINANCIAL YEAR 2019-20:

�RESOLVED THAT �he in�e�im di�idend of R�. 7/- pe� eq�i�� �ha�e of Re.1/- each on 50,80,11,130 Eq�i�� Sha�e� of Re. 1/- each ab�o�bing R�. 355.61 c�o�e� (e�cl�ding di�idend di���ib��ion �a�) o�� of c���en� �ea��� p�ofi�, �hich �a� decla�ed and paid d��ing �he Financial Yea�, be and i� he�eb� con�ide�ed a� �he final di�idend fo� �he Financial �ea� 2019-20.�

3. ORDINARY RESOLUTION FOR RE-APPOINTMENT OF SHRI A B PAREKH AS A DIRECTOR:

�RESOLVED THAT Sh�i A B Pa�ekh (DIN: 00035317), a Di�ec�o� �ho �e�i�e� b� �o�a�ion and being eligible ha� offe�ed him�elf fo� �e-appoin�men�, be and i� he�eb� �e-appoin�ed a� a Di�ec�o� of �he Compan� liable �o �e�i�e b� �o�a�ion.�

4. SPECIAL RESOLUTION FOR RE-APPOINTMENT OF SHRI N K PAREKH AS A

DIRECTOR:

�RESOLVED THAT p����an� �o �he p�o�i�ion� of Sec�ion 152 and o�he� applicable p�o�i�ion� of �he Companie� Ac�, 2013 and �he R�le� f�amed �he�e�nde� and R�le 17(1A) of Sec��i�ie� and E�change Boa�d of India (Li��ing Obliga�ion� and Di�clo���e Req�i�emen��) Reg�la�ion�, 2015 (incl�ding an� ��a���o�� modifica�ion(�) o� �e-enac�men� �he�eof fo� �he �ime being in fo�ce) Sh�i N K Pa�ekh (DIN: 00111518), �ho �e�i�e� b� �o�a�ion a� �hi� mee�ing and being eligible, offe�� him�elf fo� �e-appoin�men�, be and i� he�eb� �e-appoin�ed a� a Di�ec�o� of �he Compan�, liable �o �e�i�e b� �o�a�ion.�

SPECIAL BUSINESS:

5. ORDINARY RESOLUTION FOR RE-APPOINTMENT OF SHRI BHARAT PURI AS THE MANAGING DIRECTOR OF THE COMPANY FOR A FURTHER PERIOD OF FIVE YEARS W.E.F. 10[th] APRIL, 2020.

�RESOLVED THAT p����an� �o �he p�o�i�ion� of Sec�ion� 196, 197 and 203 �ead �i�h Sched�le V and o�he� applicable p�o�i�ion�, if an�, of �he Companie� Ac�, 2013 (�he Ac�) and �he Companie� (Appoin�men� and Rem�ne�a�ion of Manage�ial Pe��onnel) R�le�, 2014 (incl�ding an� ��a���o�� modifica�ion(�) o� �e-enac�men� �he�eof fo� �he �ime being in fo�ce) and p����an� �o �he �ecommenda�ion of Nomina�ion and Rem�ne�a�ion Commi��ee, app�o�al of �he membe�� of �he Compan� be and i� he�eb� acco�ded �o �he �e-appoin�men� of Sh�i Bha�a� P��i (DIN: 02173566) a� �he Managing Di�ec�o� of �he Compan�, fo� a f���he� pe�iod of 5 (fi�e) �ea�� �i�h effec� f�om 10[�h] Ap�il 2020, on �he �e�m� and condi�ion� and pa�men� of �em�ne�a�ion a� �e� o�� in �he E�plana�o�� S�a�emen� a��ached �o �he No�ice.�

�RESOLVED FURTHER THAT Sh�i Bha�a� P��i, Managing Di�ec�o� be in cha�ge of �he gene�al managemen� of �he Compan� �i�hin �he p�o�i�ion� of A��icle� of

A��ocia�ion b�� ��bjec� �o ��pe�in�endence, con��ol and di�ec�ion of �he Boa�d of Di�ec�o��.�

�RESOLVED FURTHER THAT Sh�i Bha�a� P��i �ill be a Ke� Manage�ial Pe��onnel of �he Compan� a� pe� �he p�o�i�ion� of Sec�ion 203(1)(i) of �he Ac�.�

�RESOLVED FURTHER THAT Sh�i Bha�a� P��i �ill be a non �o�a�ional Di�ec�o� and �hall no� be liable �o �e�i�e b� �o�a�ion d��ing hi� �e�m a� �he Managing Di�ec�o�.�

�RESOLVED FURTHER THAT �he Managing Di�ec�o� �hall be en�i�led �o �eimb���emen� of all e�pen�e� inc���ed fo� �he p��po�e of �he b��ine�� of �he Compan� and �hall no� be en�i�led �o an� �i��ing fee� fo� a��ending mee�ing of �he Boa�d of Di�ec�o�� and Commi��ee(�) �he�eof.�

�RESOLVED FURTHER THAT �he Boa�d be and i� he�eb� a��ho�i�ed �o al�e� and �a�� �e�m� of appoin�men� and �em�ne�a�ion �o a� no� �o e�ceed �he limi�� �pecified in Sched�le V and o�he� applicable Sec�ion� of �he Ac� o� an� ��a���o�� modifica�ion� �he�eof a� ma� be ag�eed �o b� �he Boa�d of Di�ec�o�� and Sh�i Bha�a� P��i.�

�RESOLVED FURTHER THAT �he �o�al �em�ne�a�ion b� �a� of �ala��, pe�q�i�i�e�, allo�ance� and commi��ion pa�able �o Sh�i Bha�a� P��i, Managing Di�ec�o�, in an� Financial Yea� �hall no� e�ceed 5% of �he Ne� P�ofi� of �ha� Financial Yea� a� pe� Sec�ion 197, Sched�le V and o�he� applicable p�o�i�ion� of �he Ac�.�

�RESOLVED FURTHER THAT �he Boa�d be and i� he�eb� a��ho�i�ed �o do all ��ch ac��, deed� and �hing� and e�ec��e all ��ch doc�men��, in����men�� and ��i�ing� a� ma� be �eq�i�ed and �o delega�e all o� an� of i�� po�e�� he�ein confe��ed �o an� Commi��ee of Di�ec�o��.�

6. ORDINARY RESOLUTION FOR RE-APPOINTMENT OF SHRI A N PAREKH AS A WHOLE TIME DIRECTOR OF THE COMPANY FOR A FURTHER PERIOD OF FIVE YEARS W.E.F. 1[st] JULY 2020

�RESOLVED THAT p����an� �o �he p�o�i�ion� of Sec�ion� 196, 197, Sched�le V and o�he� applicable p�o�i�ion�, if an�, of �he Companie� Ac�, 2013 (�he Ac�) �ead �i�h Companie� (Appoin�men� and Rem�ne�a�ion of Manage�ial Pe��onnel) R�le�, 2014 (incl�ding an� ��a���o�� modifica�ion(�) o� �e-enac�men� �he�eof fo� �he �ime being in fo�ce) and p����an� �o �he �ecommenda�ion of Nomina�ion and Rem�ne�a�ion Commi��ee, app�o�al of �he membe�� of �he Compan� be and i� he�eb� acco�ded �o �he �e-appoin�men� of Sh�i A N Pa�ekh (DIN: 00111366), a� a Whole Time Di�ec�o� of �he Compan�, fo� a f���he� pe�iod of 5 (fi�e) �ea�� �i�h effec� f�om 1[��] J�l� 2020, �ho�e pe�iod of office i� liable �o de�e�mina�ion b� �e�i�emen� of Di�ec�o�� b� �o�a�ion, on �he �e�m� and condi�ion� and pa�men� of �em�ne�a�ion a� �e� o�� in �he E�plana�o�� S�a�emen� a��ached �o �he No�ice.�

�RESOLVED FURTHER THAT Sh�i A N Pa�ekh, Whole Time Di�ec�o� �hall �o�k �nde� �he ��pe�in�endence, con��ol and di�ec�ion of �he Boa�d of Di�ec�o��.�

�RESOLVED FURTHER THAT Sh�i A N Pa�ekh, Whole Time Di�ec�o� �hall be en�i�led �o �eimb���emen� of all e�pen�e� inc���ed fo� �he p��po�e of b��ine�� of �he Compan� and �hall no� be en�i�led �o an� �i��ing fee� fo� a��ending mee�ing� of �he Boa�d of Di�ec�o�� and Commi��ee(�) �he�eof.�

�RESOLVED FURTHER THAT �he Boa�d be and i� he�eb� a��ho�i�ed �o al�e� and �a�� ��ch �e�m� and condi�ion� of �e-appoin�men� and �em�ne�a�ion �o a� �o no� �o e�ceed �he limi�� �pecified in Sched�le V and o�he� applicable �ec�ion� of �he

Ac� o� an� ��a���o�� modifica�ion� �he�eof a� ma� be ag�eed �o b� �he Boa�d of Di�ec�o�� and Sh�i A N Pa�ekh.�

�RESOLVED FURTHER THAT �he �o�al �em�ne�a�ion b� �a� of �ala��, pe�q�i�i�e� and allo�ance� and commi��ion� pa�able �o Sh�i A N Pa�ekh, Whole Time Di�ec�o�, in an� Financial Yea� �hall no� e�ceed 5% of �he Ne� P�ofi� of �ha� Financial Yea� a� pe� Sec�ion 197, Sched�le V and o�he� applicable p�o�i�ion� of �he Ac�.�

�RESOLVED FURTHER THAT �he Boa�d be and i� he�eb� a��ho�i�ed �o do all ��ch ac��, deed� and �hing� and e�ec��e all ��ch doc�men��, in����men�� and ��i�ing� a� ma� be �eq�i�ed and �o delega�e all o� an� of i�� po�e�� he�ein confe��ed �o an� Commi��ee of Di�ec�o��.�

7. ORDINARY RESOLUTION FOR APPOINTMENT OF SHRI DEBABRATA GUPTA AS A DIRECTOR OF THE COMPANY

�RESOLVED THAT p����an� �o �he p�o�i�ion� of Sec�ion 152 and all o�he� applicable p�o�i�ion� if an�, of �he Companie� Ac�, 2013 (�he Ac�) and Companie� (Appoin�men� and Q�alifica�ion of Di�ec�o��) R�le�, 2014 (incl�ding an� ��a���o�� modifica�ion(�) o� �e-enac�men� �he�eof fo� �he �ime being in fo�ce) Sh�i Debab�a�a G�p�a (DIN: 01500784) �ho �a� appoin�ed a� an Addi�ional Di�ec�o� of �he Compan� p����an� �o �he �ecommenda�ion of Nomina�ion and Rem�ne�a�ion Commi��ee, in �e�m� of Sec�ion 161 of �he Ac� b� �he Boa�d of Di�ec�o�� �i�h effec� f�om 1[�� ] Ma�ch 2020 and hold� office �p�o �he da�e of �hi� Ann�al Gene�al Mee�ing and in �e�pec� of �hom �he Compan� ha� �ecei�ed a no�ice in ��i�ing f�om a membe� �nde� Sec�ion 160 of �he Ac� p�opo�ing hi� candida���e fo� �he office of Di�ec�o� of �he Compan�, be and i� he�eb� appoin�ed a� a Di�ec�o� of �he Compan�, �ho�e pe�iod of office �hall be liable �o de�e�mina�ion b� �e�i�emen� of Di�ec�o�� b� �o�a�ion.�

8. ORDINARY RESOLUTION FOR APPOINTMENT OF SHRI DEBABRATA GUPTA AS A WHOLE TIME DIRECTOR DESIGNATED AS “DIRECTOROPERATIONS� OF THE COMPANY FOR A PERIOD OF THREE YEARS W.E.F. 1[ST] MARCH 2020

�RESOLVED THAT p����an� �o �he p�o�i�ion� of Sec�ion� 196, 197 and Sched�le V and o�he� applicable p�o�i�ion�, if an�, of �he Companie� Ac�, 2013 (�he Ac�) �ead �i�h �he Companie� (Appoin�men� and Rem�ne�a�ion of Manage�ial Pe��onnel) R�le�, 2014 (incl�ding an� ��a���o�� modifica�ion(�) o� �e-enac�men� �he�eof fo� �he �ime being in fo�ce) and p����an� �o �he �ecommenda�ion of Nomina�ion and Rem�ne�a�ion Commi��ee, app�o�al of �he membe�� of �he Compan� be and i� he�eb� acco�ded �o �he appoin�men� of Sh�i Debab�a�a G�p�a (DIN: 01500784) a� a Whole Time Di�ec�o� of �he Compan� de�igna�ed a� �Di�ec�o�-Ope�a�ion�� of �he Compan�, fo� a pe�iod of 3 (�h�ee) �ea�� �i�h effec� f�om 1[�� ] Ma�ch 2020, �ho�e pe�iod of office �hall be liable �o de�e�mina�ion b� �e�i�emen� of Di�ec�o�� b� �o�a�ion, on �he �e�m� and condi�ion� and pa�men� of �em�ne�a�ion a� �e� o�� in �he E�plana�o�� S�a�emen� a��ached �o �he No�ice.�

�RESOLVED FURTHER THAT Sh�i Debab�a�a G�p�a, Whole Time Di�ec�o� �hall �o�k �nde� �he ��pe�in�endence, con��ol and di�ec�ion of �he Boa�d of Di�ec�o��.�

�RESOLVED FURTHER THAT �he �o�al �em�ne�a�ion b� �a� of �ala��, pe�q�i�i�e� and allo�ance� pa�able �o Sh�i Debab�a�a G�p�a, Whole Time Di�ec�o�, in an� Financial Yea� �hall no� e�ceed 5% of �he Ne� P�ofi� of �ha� Financial Yea� a� pe� Sec�ion 197, Sched�le V and o�he� applicable p�o�i�ion� of �he Ac�.�

�RESOLVED FURTHER THAT �he Boa�d be and i� he�eb� a��ho�i�ed �o �a�� and/ o� modif� �he �e�m� and condi�ion� of appoin�men� incl�ding �em�ne�a�ion and pe�q�i�i�e� pa�able �o Sh�i Debab�a�a G�p�a in ��ch manne� a� ma� be ag�eed �o be��een �he Boa�d and Sh�i Debab�a�a G�p�a �i�hin and in acco�dance �i�h �he limi�� p�e�c�ibed in Sched�le V �o �he Ac� o� in acco�dance �i�h �he change� �ha� ma� be effec�ed in �ha� Sched�le.�

�RESOLVED FURTHER THAT �he Boa�d be and i� he�eb� a��ho�i�ed �o do all ��ch ac��, deed� and �hing� and e�ec��e all ��ch doc�men��, in����men�� and ��i�ing� a� ma� be �eq�i�ed and �o delega�e all o� an� of i�� po�e�� he�ein confe��ed �o an� Commi��ee of Di�ec�o��.�

�RESOLVED FURTHER THAT Sh�i Debab�a�a G�p�a, Whole Time Di�ec�o� �hall f�nc�ion a� �Di�ec�o�-Ope�a�ion�� and apa�� f�om o�he� d��ie� �ha� a�e en�����ed �o him f�om �ime �o �ime, he �hall be in o�e�all cha�ge of all �he fac�o�ie� of �he Compan� (bo�h e�i��ing and �hich ma� be �e� �p in f����e) incl�ding fac�o�ie� �i��a�ed in �he S�a�e of Maha�a�h��a, G�ja�a�, Himachal P�ade�h, Telangana, A��am, Union Te��i�o�� of Daman o� an� o�he� S�a�e o� Union Te��i�o�� in India.�

9. SPECIAL RESOLUTION FOR RE-APPOINTMENT OF SHRI. SANJEEV AGA AS AN INDEPENDENT DIRECTOR FOR A SECOND CONSECUTIVE TERM OF FIVE YEARS UPTO 31[ST] MARCH, 2025.

�RESOLVED THAT p����an� �o �he p�o�i�ion� of Sec�ion� 149, 152 �ead �i�h Sched�le IV and all o�he� applicable p�o�i�ion�, if an�, of �he Companie� Ac�, 2013 and Companie� (Appoin�men� and Q�alifica�ion of Di�ec�o��) R�le�, 2014 and �he applicable p�o�i�ion� of �he Sec��i�ie� and E�change Boa�d of India (Li��ing Obliga�ion� and Di�clo���e Req�i�emen��) Reg�la�ion�, 2015 (incl�ding an� ��a���o�� modifica�ion(�), o� �e-enac�men� �he�eof fo� �he �ime being in fo�ce) and p����an� �o �he �ecommenda�ion b� Nomina�ion and Rem�ne�a�ion Commi��ee, Sh�i Sanjee� Aga (DIN: 00022065), �ho �a� appoin�ed a� an Independen� Di�ec�o� of �he Compan� fo� fi�e con�ec��i�e �ea�� f�om 46[�h] Ann�al Gene�al Mee�ing (AGM) �p�o �he concl��ion of 51[��] AGM and being eligible, be and i� he�eb� �e-appoin�ed a� an Independen� Di�ec�o� of �he Compan� �o hold office fo� a �econd con�ec��i�e �e�m commencing f�om �he concl��ion of 51[��] AGM �p �o 31[�� ] Ma�ch 2025 and he �hall no� be liable �o �e�i�e b� �o�a�ion.�

�RESOLVED FURTHER THAT �he Boa�d of Di�ec�o�� and/o� �he Compan� Sec�e�a�� be and a�e he�eb� a��ho�i�ed �o �e��le an� q�e��ion, diffic�l�� o� do�b� �ha� ma� a�i�e in gi�ing effec� �o �hi� �e�ol��ion and �o do all ��ch ac��, deed� and �hing� a� ma� be nece��a��, e�pedien� and de�i�able fo� �he p��po�e of gi�ing effec� �o �hi� �e�ol��ion.�

10. ORDINARY RESOLUTION FOR RATIFICATION OF PAYMENT OF REMUNERATION TO M/s V J TALATI & CO., COST AUDITORS:

�RESOLVED THAT p����an� �o �he p�o�i�ion� of Sec�ion 148 and all o�he� applicable p�o�i�ion�, if an�, of �he Companie� Ac�, 2013 and �he Companie� (A�di� and A�di�o��) R�le�, 2014 (incl�ding an� ��a���o�� modifica�ion(�) o� �eenac�men� �he�eof, fo� �he �ime being in fo�ce), �he Co�� A�di�o�� M/�. V J Tala�i & Co., Co�� Acco�n�an��, (Regi���a�ion No. 00213) appoin�ed b� �he Boa�d of Di�ec�o�� of �he Compan�, on �he �ecommenda�ion of A�di� Commi��ee, �o cond�c� �he a�di� of �he co�� �eco�d� of �he Compan� fo� �he financial �ea� ending 31[�� ] Ma�ch 2021, be paid �he �em�ne�a�ion a� �e� o�� in �he e�plana�o�� ��a�emen� anne�ed �o �he No�ice con�ening �hi� mee�ing and �he �ame i� he�eb� �a�ified and app�o�ed.�

�RESOLVED FURTHER THAT �he Boa�d of Di�ec�o�� of �he Compan� be and i� he�eb� a��ho�i�ed �o do all ��ch ac��, deed�, ma��e�� and �hing� and �ake all ��ch ��ep� a� ma� be nece��a��, p�ope� o� e�pedien� �o gi�e effec� �o �hi� �e�ol��ion.�

The�eaf�e�, �he Chai�man in�i�ed �he Membe�� �o a�k �hei� q�e��ion�.

The Compan� Sec�e�a�� anno�nced �he name� of �he �peake��, �ho had en�olled �hem�el�e�, �o e�p�e�� �hei� �ie��.

The Membe�� e�p�e��ed �hei� �ie�� and �ai�ed �a�io�� q�e��ion� �hich in�e� alia �e�e �ela�ing �o �he ope�a�ion� of �he Compan�, effec� of COVID, ��b�idia�ie� of �he Compan�, �e�en�e and ope�a�ion� and o�he� �ela�ed ma��e��. The� al�o app�ecia�ed �he CSR ac�i�i�ie� of �he Compan�, q�ali�� of Ann�al Repo�� e�c. The Chai�man and �he Compan� Sec�e�a�� �eplied �o �he q�e�ie� �ai�ed b� �he Membe��.

The Chai�man �hen info�med �he Membe�� �ha� Sh�i M. M. She�h, P�ac�i�ing Compan� Sec�e�a��, Sc���ini�e� �o�ld ��bmi� hi� Con�olida�ed Repo�� on �emo�e e-�o�ing and elec��onic �o�ing a� �hi� mee�ing �i�hin �he ��ip�la�ed �ime and he a��ho�i�ed Sh�i P�nee� Ban�al, Compan� Sec�e�a�� �o p�bli�h �he �e��l�� of �o�ing along�i�h Sc���ini�e��� Repo�� on �he �eb�i�e of �he Compan�, Na�ional Sec��i�ie� Depo�i�o�� Limi�ed and al�o in�ima�e �o BSE Limi�ed and Na�ional S�ock E�change of India Limi�ed.

He �hen info�med �ha� mee�ing �a� no� clo�ed and e-�o�ing �hall con�in�e fo� addi�ional 15 min��e� af�e� �he clo���e and �he�eaf�e� �he mee�ing �ill be concl�ded.

Sh�i P�nee� Ban�al, Compan� Sec�e�a��, p�opo�ed a �o�e of �hank� �o �he Chai�man, Di�ec�o�� and �he Membe��. A� �hi� j�nc���e, �he Di�ec�o�� and a��endee� logged off f�om �he mee�ing �hile �he Compan� Sec�e�a�� and �he Sc���ini�e� con�in�ed �i�h �he mee�ing fo� f���he� 15 min��e�.

A� �he end of 15 min��e�, �he mee�ing �a� decla�ed a� concl�ded b� �he Compan� Sec�e�a�� a� 04.23 p.m.

Summary of Scrutinizer�s Report :

Re��l� of �emo�e e-�o�ing and elec��onic �o�ing a� �he mee�ing on �he i�em� of O�dina�� B��ine�� and Special B��ine�� a� �he 51[��] Ann�al Gene�al Mee�ing of �he Compan� held on 10[�h] Sep�embe�, 2020.


On �he ba�i� of con�olida�ed Sc���ini�e��� Repo�� da�ed 11[�h] Sep�embe�, 2020 fo� �emo�e e-�o�ing and elec��onic �o�ing, all �he �e�ol��ion� fo� �he O�dina�� and Special B��ine�� a� �e� o�� a� I�em No�. 1 �o 10 of �he No�ice da�ed 17[�h] J�ne, 2020 con�ening �he 51[��] Ann�al Gene�al Mee�ing, ha�e been d�l� pa��ed b� �he Membe�� �i�h �eq�i�i�e majo�i��. The �e��l� of e-�o�ing a�e a� �nde�:

Resolution Nos. as Particulars of Votes cast Particulars of Votes cast Particulars of Votes cast Particulars of Votes cast Result
given in the notice of
the 51st Annual
General Meeting
Remote Voting + Electronic Voting at the
AGM
Declared
Votes cast in favour
of the resolutions
Votes cast against
the resolutions
No. % No. %
Ordinary Business
1. O�dina�� Re�ol��ion
fo� Adop�ion of �he
A�di�ed Financial
S�a�emen�� of �he
Compan�
�oge�he�
�i�h �he �epo��� of
Boa�d of Di�ec�o��
and
A�di�o���
�he�eon and a�di�ed
43,52,67,457 100.00 7,023 0.00* App�o�ed b�
�eq�i�i�e
majo�i��
con�olida�ed
financial ��a�emen��
of �he Compan� �i�h
A�di�o���
Repo��
�he�eon fo� �he �ea�
ended 31��Ma�ch,
2020.
2. O�dina�� Re�ol��ion
fo� confi�ma�ion of
in�e�im di�idend on
Eq�i��
Sha�e�
a�
final di�idend
43,54,56,650 100.00 5,929 0.00* App�o�ed b�
�eq�i�i�e
majo�i��
3. O�dina�� Re�ol��ion
fo�
�e-appoin�men�
of Sh�i A B Pa�ekh
a� a Di�ec�o�, �ho
�e�i�e� b��o�a�ion.
40,50,49,779 93.02 3,03,75,180 6.98 App�o�ed b�
�eq�i�i�e
majo�i��
4. Special
Re�ol��ion
fo�
�e-appoin�men�
of Sh�i N K Pa�ekh
a� a Di�ec�o�, �ho
�e�i�e� b� �o�a�ion.

41,22,03,280
94.78 2,26,88,432 5.22 App�o�ed b�
�eq�i�i�e
majo�i��
Special Business
5. O�dina�� Re�ol��ion
fo�
�e-appoin�men�
of Sh�i Bha�a� P��i
a�
�he
Managing
Di�ec�o�
of
�he
Compan�,
fo�
a
f���he� pe�iod of fi�e
�ea�� �.e.f. 10�h
Ap�il, 2020.
42,00,89,318 99.84 6,81,415 0.16 App�o�ed b�
�eq�i�i�e
majo�i��
6. O�dina�� Re�ol��ion
fo�
�e-appoin�men�
of Sh�i A N Pa�ekh
a� a Whole Time
Di�ec�o�
of
�he
Compan�,
fo�
a
f���he� pe�iod of fi�e
�ea�� �.e.f. 1��J�l�,
2020
41,07,03,500 94.33 2,47,08,712 5.67 App�o�ed b�
�eq�i�i�e
majo�i��
7. O�dina�� Re�ol��ion
fo� appoin�men� of
Sh�i
Debab�a�a
G�p�a a� a Di�ec�o�
of �he Compan�
41,61,95,380 95.58 1,92,66,831 4.42 App�o�ed b�
�eq�i�i�e
majo�i��
8. O�dina�� Re�ol��ion
fo� appoin�men� of
Sh�i
Debab�a�a
G�p�a a� a Whole
Time
Di�ec�o�
(de�igna�ed
a�
�Di�ec�o�-
Ope�a�ion��) of �he
Compan�
fo�
a
pe�iod of �h�ee �ea��
�.e.f.
1��
Ma�ch,
2020
42,86,80,201 98.44 67,81,981 1.56 App�o�ed b�
�eq�i�i�e
majo�i��
9. Special
Re�ol��ion
fo�
�e-appoin�men�
of Sh�i. Sanjee� Aga
a� an Independen�
Di�ec�o�
of
�he
Compan�
fo�
a
�econd con�ec��i�e
�e�m of fi�e �ea��
�p�o
31��
Ma�ch,
2025.
41,53,20,369 98.83 49,21,826 1.17 App�o�ed b�
�eq�i�i�e
majo�i��
10.
O�dina��
Re�ol��ion
fo�
�a�ifica�ion
of
pa�men�
of
�em�ne�a�ion �o M/�.
V J Tala�i & Co.,
Co�� A�di�o��.
43,54,67,798 100 2,262 0.00* App�o�ed b�
�eq�i�i�e
majo�i��
  • Negligible

Sd/Sd/-

PUNEET BANSAL M B PAREKH COMPANY SECRETARY CHAIRMAN OF THE MEETING MUMBAI