Polycab India Limited — AGM Information 2020

Jul 21, 2020

POLYCAB INDIA LIMITED

(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com

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Date: 21[st] July 2020

To Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

To Listing Department, National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051

Scrip Code: 542652 Scrip Symbol: Polycab ISIN:- INE455K01017

Dear Sir / Madam

Sub: Proceedings of 24[th] Annual General Meeting (AGM)

9.00 a.m. through Video Conference (VC) / Other Audio Visual Means (OAVM), to transact the businesses as stated in the notice dated 30[th] May 2020, convening the AGM.

In this regard, please find enclosed the summary of the proceedings of the AGM of the Company as required under Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The voting results of the 24[th] Annual General Meeting of the Company along with the Scrutinizer's Report will be shared shortly.

The 24[th] Annual General Meeting of the Company was concluded at 9.45 a.m.

We request you to take the above information on your record.

Thanking you

Yours Faithfully

For Polycab India Limited

NARAYANA Digitally signed by NARAYANA SUBRAMANI SUBRAMANIMAM SAI Date: 2020.07.21 MAM SAI 18:21:58 +05'30'

__________________________ Sai Subramaniam Narayana Company Secretary and Compliance Officer Membership No.: F5221

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Registered Office:

Unit No.4, Plot No.105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal, Gujarat-389350 Tel : 2676- 227600 / 227700

POLYCAB INDIA LIMITED (formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com

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SUMMARY OF THE PROCEEDINGS OF 24[TH ] ANNUAL GENERAL MEETING

The 24[th] Annual General Meeting of the Members of the Company was held on 21[st] July 2020 at 9.00 a.m. through Video Conference (VC) / Other Audio Visual Means (OAVM).

As per Section 103 of the Companies Act, 2013, the requisite quorum for convening the Annual General Meeting was present at the meeting.

Mr. Sai Narayana Subramaniam, Company Secretary and Compliance Officer welcomed the shareholders, Independent Directors who had joined the meeting through Video Conferencing and Directors present on the dias.

The Company informed that in view of the restrictions due to outbreak of COVID -19 and considering the social distancing norms, the AGM was conducted through VC / OAVM. This meeting has been convened and being conducted in accordance with the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI). The Company Secretary informed that the Company had tied up with National Securities Depositories Limited (NSDL) to provide facility for voting through remote e-voting, e-voting during the AGM and participation in the AGM through VC / OAVM facility and requested Mr. Inder T. Jaisinghani (Chairman) of the Company to commence the formal proceedings of the Annual General Meeting.

Mr.Inder T. Jaisinghani, Chairman and Managing Director of the Company welcomed all the Shareholders and introduced the Directors, Statutory Auditors and Secretarial Auditor present at the Annual General Meeting.

The Chairman delivered his speech and thereafter requested Mr. Gandharv Tongia, Chief Financial Officer of the Company to provide an overview of the financial performance of the Company for the FY 2019-20.

Mr. Gandharv Tongia, Chief Financial Officer gave the presentation on the performance of the Company and thereafter handed over to the Company Secretary.

The Company Secretary informed the Members that the Report of Board of Directors, the Accounts for the financial year ended 31st March, 2020 and the Notice convening the 24[th] AGM were taken as read as the same had already been circulated to the Members. As there were no qualifications in the Audit Report, it was not required to be read.

The Company Secretary informed the Members that pursuant to the provisions of the Companies Act, 2013, the Rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had extended the remote e-voting facility to the Members of the Company in respect of the resolutions to be passed at the Meeting. The remote e-voting commenced at 9.00 a.m. on Saturday, 18[th] July, 2020 and ended at 5.00 p.m. on Monday, 20[th] July, 2020. The Company Secretary informed the

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Registered Office: Unit No.4, Plot No.105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal, Gujarat-389350 Tel : 2676- 227600 / 227700

POLYCAB INDIA LIMITED

(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com

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Members that the facility for voting through e-voting system was made available during the Meeting for Members who had not cast their vote prior to the Meeting.

The Company had appointed M/s. Dilip Bharadiya & Associates, Practicing Company Secretaries, as the Scrutinizer to scrutinize the e-voting process in a fair and transparent manner.

The following items of business as set out in the notice convening 24th AGM were placed for members' consideration and approval:

1. Adoption of the Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended March 31, 2020, together with the reports of the Board of Directors and Auditors thereon; (Ordinary Resolution);

2. Confirmation of Interim Dividend as Final Dividend (Ordinary Resolution);

3. Re-appointment of Mr. Ajay T. Jaisinghani (DIN: 00276588) as a Director liable to retire by rotation ( Ordinary Resolution); and

4. Ratification of Remuneration payable to the Cost Auditors for the Financial Year 201920; (Ordinary Resolution).

The Members who had registered themselves as speakers, addressed the meeting through VC / OAVM and sought clarifications on the Company’s accounts and businesses. The Chief Financial Officer responded to the queries of the Members and provided clarifications.

The members were informed that the vote cast by the members through remote e-voting and e-voting provided at the AGM venue on all the resolutions, shall be disseminated to the Stock Exchange(s) on or before 23[rd] July 2020, after receipt of Scrutinizer Report and will also be uploaded on the website of the Company (www.polycab.com) and website of NSDL.

The meeting concluded at 9.45 a,m, with the Chairman presenting vote of thanks to everyone present at the meeting.

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Registered Office:

Unit No.4, Plot No.105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal, Gujarat-389350 Tel : 2676- 227600 / 227700