Power Mech Projects Limited — AGM Information 2019

Sep 26, 2019

Date: 25.09.2019

To, Corporate Relations Department. BSE Limited, PJ Towers, Dalal Street, Fort, Mumbai= 400001

To,

National Stock Exchange of India Limited, Exchange Plaza, BandraKurla Complex, Bandra (E), Mumbai - 400051

Dear Sir/Madam,

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Sub: Proceedings of 20"Annual General Meeting as per Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015

Ref: BSE Scrip Code: 539302 NSE Symbol: POWERMECH

The 20" Annual General Meeting ("the 20 AGM") of the Company was held on 25" September, 2019 commenced at 11.00 AM and concluded at 12.30 P.M at Hotel Novotel, Hitex, Madhapur, Hyderabad-500081, Telangana, India.

Members were present in Person	: 42
Members present by Proxy	: 19
Members present through Authorised Representatives	: 0

The presence of the following was acknowledged by the Company Secretary:

•	Mr. S Kishore Babu	Chairman & Managing Director
•	Mrs. S. Lakshmi	Non Executive Director
•	Mr. G D V Prasada Rao	Independent Director
•	Mr. M Rajiv Kumar	Non Executive Director
•	Mr. Vivek Paranjpe	Independent Director
•	Mr. J Satish	CFO
•	Mr. K Rajaj	Statutory Auditors
•	Mr. D S Rao	Practicing Company Secretary, Scrutinizer
•	Mr. K. Ramesh Babu	Internal Auditors

The Chairman & Managing Director occupied the Chair and welcomed the Sharehold the 20"Annual General Meeting.

POWER MECH PROJECTS LIMITED AN ISO 9001, ISO 14001 & OHSAS 18001 CERTIFIED COMPANY

re······:------~ ' ' 1 « i ,, I-oon 1 • : . Regd. & Corporate Office : Phone : 040-30444444 Plot No. 77, Jubilee Enclave, Opp. Hitex, Fax : 040-30444400 Madhapur, Hyderabad-500081 E-mail : info@powermech.net Telangana, India Website : www.powermechprojects.com CIN: L74140TG1999PLC032156

The Chairman & Managing Director on confirmation that the requisite quorum being present, ordered the meeting to commence.

The Statutory Registers, Proxy Register, Auditors Report, Secretarial Auditors Report, along with other inspection documents were made available during the meeting for inspection by the members.

Thereafter, the Chairman & Managing Director welcomed the Shareholders and delivered his speech.

With the consent of the members present, notice convening the 20Annual General Meeting, Directors Report, the Auditors Report on financial Statements and Secretarial Auditors Report were taken as read.

The Chairman thereafter informed the members the following:

• Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended by the Companies (Management and Administration) Amendment Rules, 2015 and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, Company had provided a remote e-voting facility to the members of the Company in respect of business to be transacted at the 20 th AGM.
• Thee-voting period commenced on 22° September, 2019 at 9:00 a.m. and ended on 24 th September, 2019 at 5:00 p.m.
• Facility of voting through Ballot Paper was available at the AGM and the Ballot papers were distributed for voting at the meeting.
• Members/ Proxy attending the AGM, who have not voted using remote e-voting were allowed to vote through Ballot Papers.

Mr. D S Rao, Practicing Company Secretary, who is the Scrutinizer for the e-voting process, was appointed to act as the Scrutinizer to scrutinize the polling processing in a fair and transparent manner.

Thereafter, the Chairman & Managing Director took the Item No. 1 to 10 of the Notice and explained the objectives of each item of the Notice and invited queries from the Members.

After answering the queries of the Shareholders, the Chairman requested the Members to cast;777, their vote in the Ballot Box. f, Ir-. 'c I(.) a•-✓~

The resolutions er Notice of 20

th AGM, are as follows: ■J,--A---S--- POWER MECH PROJECTS LIMITED AN ISO 9001, rso 14001 & OHSAS 18001 CERTIFIED COMPANY Phone : 040-30444444 (i;) * a ~i

lC ' ]- Regd. & Corporate Office : Plot No. 77, Jubilee Enclave, Opp. Hitex, Madhapur, Hyderabad-500081 Telangana, India CIN : L7 4140TG 1999PLC032156

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Fax :040-30444400 '· -15. DREAM E-mail : info@powermech_-net ~~i - SAfElYARST Website : www.powermechprojects.com

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	Description
Ordinary Business
Item No.I	Ordinary Resolution: To consider and adopt the audited financialstatements (both standalone and consolidated) of the Company for the'March, 2019 together with the reports of thefinancial year ended 31Board of Directors and auditors thereon.
Item No.2	Ordinary Resolution: To declare a final dividend of Re 1/- per equityshare of Rs 10/- each for the financial year ended 31 March, 2019.
Item No.3	Ordinary Resolution: To appoint a Director in place of Mrs. SajjaLakshmi, Director (DIN-00068991) who retires by rotation and, beingeligible, seeks re-appointment.
Item No.4	Mis.&Co.,OrdinaryResolution:appointK.RaoToS.Chartered Accountants as Statutory Auditors of the Company from theconclusion of this annual general meeting till the conclusion of 25° annualgeneral meeting of the Company.
Special Business
Item No.5	Special Resolution: Revision in remuneration of Mr. S Kishore Babu,Chairman & Managing Director.
Item No. 6	of Mr.SpecialResolution:ReappointmentSankarlingamT.(DIN: 00015954) as an Independent Non Executive Director.
Item No. 7	of Mr.GDV Prasada RaoResolution:ReappointmentSpecial(DIN: 02754904) as an Independent Non Executive Director.
Item No. 8	Special Resolution: To approve the payment of remuneration to Mr. MRajiv Kumar (DIN: 07336483), Non Executive Director by way ofConsultancy Fees.
Item No.9	Resolution:forMaterialOrdinaryApprovalRelatedPartyTransaction(s) with PMPL-ACPL, JV.
Item No.IO	forMaterialOrdinaryResolution:ApprovalRelatedPartyTransaction(s) with PMPL-STS, JV.

The Chairman thereafter announced that the consolidated voting results will be announced within 48 hours of the conclusion of the meeting and the same will be submitted with stock exchanges, placed on the website of the Company and also on the website of the e-voting agency along with the Scrutinizers Report.

The Company Secretary extended vote of thanks.

The Chairman declared the meeting concluded . .---:;;:::-····--..

For Power Mech P '

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