Pradeep Metals Ltd. — AGM Information 2022

Jul 30, 2022

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30[th] July, 2022

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Scrip Code: 513532

Sub: Proceedings of the 39[th] Annual General Meeting held on 30[th] July, 2022

Dear Sir/Madam,

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a summary of proceedings of the 39[th] Annual General Meeting of the Company held on 30[th] July, 2022.

We request you to take the above on record.

Thanking you.

For Pradeep Metals Limited

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Abhishek Joshi Company Secretary & Compliance Officer ACS: 64446

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SUMMARY OF PROCEEDINGS OF 39[TH] ANNUAL GENERAL MEETING

A. Date, time and venue of the Annual General Meeting (Meeting):

The 39[th] Annual General Meeting (AGM) of the Company was held on Saturday, 30[th] July, 2022 through Video Conferencing (VC)/Other Audio- Visual Means (OAVM).

The Meeting commenced at 2:00 p.m. (IST) and concluded at 3:30 p.m. (IST) (including time allowed for e-voting at AGM).

B. Proceedings in brief:

• Mr. Pradeep Goyal, Chairman & Managing Director, chaired the Meeting.

• The Company Secretary, Mr. Abhishek Joshi welcomed all the Members at the 39[th] AGM of the Company. The requisite quorum being present, the Chairman called the Meeting to order.

• Thereafter, the Company Secretary informed that due to the Covid-19 pandemic situation, the AGM was convened using Video Conferencing/Audio-visual means in compliance with the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India. The Company had taken all possible steps to ensure that the Members were provided an opportunity to participate in the AGM through video conferencing facility and vote on the resolutions.

• Mr. Abhishek Joshi informed the Members that the Notice convening the 39[th] AGM and the Annual Report for the financial year ended 31[st] March, 2022 was circulated electronically to the Members of the Company and was taken as read with the permission of Chairman and Members. The Reports of the Statutory Auditor on the standalone and consolidated financial statements did not contain any qualification or adverse remarks and hence were not required to be read. He then asked the Chairman Mr. Pradeep Goyal to address the Members.

• Mr. Pradeep Goyal, Chairman and Managing Director, welcomed the Members and then introduced the Directors and panellists present at the Meeting. All the Directors were present at the Annual General Meeting.

• Mr. Pradeep Goyal then apprised the Members on the financials, operational and business performance of the Company in FY 2021-22. After Chairman’s speech, he requested the Company Secretary to call out the Members who had expressed their desire to speak at AGM. Pre-registered Members were provided opportunity to ask questions or express their views through VC / OAVM. The Chairman responded to all the questions of the Members and provided clarifications, wherever necessary.

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• The Chairman further mentioned that since the AGM is held through Video Conference and the resolutions mentioned in the notice convening the AGM have been put to vote only through e-voting, and there will be no proposing and seconding of resolutions and also no voting by show of hands. He further mentioned that voting facility will also be available for those Members who have participated in the Meeting and who did not cast their vote through remote e-voting.

• The following items of business, as set out in the Notice convening the 39[th] AGM were put to vote in the meeting:

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Sr. No. Particulars Type of
Resolution
ORDINARY BUSINESS
1 To consider and adopt: Ordinary
a. the Audited Standalone Financial Statements of the Company Resolution
for the Financial Year ended 31 [st] March, 2022, together with
the Reports of the Board of Directors and Auditors thereon;
and
b. the Audited Consolidated Financial Statements of the
Company for the Financial Year ended 31 [st] March, 2022,
together with the Reports of the Auditors thereon.
2 To confirm the payment of Final Dividend on Equity Shares for Ordinary
the Financial Year ended 31 [st] March, 2022 Resolution
3 To appoint a Director in place of Mr. Abhinav Goyal (DIN: Ordinary
08786430), who retires by rotation and, being eligible, offers Resolution
himself for re-appointment.
SPECIAL BUSINESS
4 To re-appoint Mr. Kartick Maheshwari (DIN: 07969734) as an Special
Independent Director for a Second Term of five years. Resolution
5 To approve the remuneration of the Cost Auditors for the Ordinary
Financial Year ending 31 [st ] March, 2023. Resolution
6 To ratify/approve the remuneration payable to Mr. Abhinav Special
Goyal holding office or place of profit. Resolution
7 To ratify/approve the remuneration payable to Mrs. Neha Goyal Special
holding office or place of profit. Resolution
8 To approve revision in remuneration of Mr. Pradeep Goyal, Special
Chairman and Managing Director of the Company (DIN: Resolution
00008370).
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• It was informed that:

• The Company had appointed Ms. Shweta Gokarn, Practicing Company Secretary as the Scrutinizer to scrutinize the remote e-voting and e-voting at AGM in a fair and transparent manner.

• The e-voting results along with the consolidated Scrutiniser’s Report shall be disseminated to the Stock Exchanges and also be placed on the website of the Company and NSDL on or before 1[st] August, 2022.

• The resolutions, as set forth in the Notice, shall be deemed to be passed subject to receipt of requisite number of votes.

• The Meeting then concluded and the Chairman thanked all the Members for their participation.

We request you to take the above information on records.

For Pradeep Metals Limited

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Abhishek Joshi Company Secretary & Compliance Officer ACS: 64446

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