Rapicut Carbides Ltd. — AGM Information 2020

Sep 28, 2020

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Date: September 28, 2020

The Manager, Corporate Relations Department, BSE Limited P. J. Towers, Dalal Street,Fort, Mumbai - 400 001

Dear Sir/Madam,

Sub: Proceedings of the 43[rd] Annual General Meeting held on 28[th] September, 2020.

In accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith proceedings of the 43[rd] Annual General Meeting of the Company held on 28[th] September, 2020.

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For Rapicut Carbides Limited

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Kamlesh M Shinde Company Secretary

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Proceedings of the 43[rd] Annual General Meeting of Rapicut Carbides Limited held through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM").

Mr. Kamlesh Shinde, Company Secretary welcomed all Members, Directors, Auditors and other invitees to the 43[rd] Annual General Meeting (AGM) of the members of Rapicut Carbides Limited ('the Company') held on Monday, the 28[th] September, 2020 at 12:00 noon IST through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM").

All the Directors of the Company attended the meeting.

It was informed that the meeting was held through Video Conferencing VC / OAVM without the physical presence of the members at a common venue in accordance with the General Circular No. 20/2020 dated 5th May, 2020 read with General Circular No. 14/2020 dated 8th April, 2020 and General Circular No. 17/2020 dated 13th April, 2020issued by Ministry of Corporate Affairs.

Mr. Kamlesh Shinde, Company Secretary confirmed that the quorum was present and declared the meeting in order and open for business.

Mr. Kamlesh Shinde, Company Secretary requested Directors to introduce themselves.

Mr. Yash Bhatt, Partner of M/s. Maloo Bhatt & Co., Statutory Auditors and Mr. S. Samdani, Partner of M/s. Samdani Shah & Kabra, Secretarial Auditors and Scrutinizer for the meeting also joined the meeting through VC from their respective locations.

Thereafter, Mr. Kamlesh Shinde, Company Secretary informed the Members about the relevant points for participation in the meeting and the manner of inspection of the statutory registers electronically as required under the Companies Act, 2013.

With the permission of the Chairman, the Notice convening the Meeting, having been circulated to all the Members, was taken as read.

He further informed to the Members that the Company has provided to its Members the facility to cast their vote electronically on all the resolutions set forth in the Notice of AGM.

Members who have not cast their vote through remote e-voting can cast their vote during the course of the meeting through the e-voting facility provided on CDSL e-voting website and cast their vote and while at the same time watch the proceedings of the meeting.

He further informed that M/s. Samdani Shah & Kabra, Practising Company Secretaries, Vadodara were appointed as Scrutinizers to scrutinize the votes cast through remote e-voting and during the meeting.

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Thereafter, Mr. Dhananjay Kanitkar, Chairman delivered his statement on the affairs of the Company.

Mr. Jagdish Bhatia, Senior Business Advisor and Mr. Abhishek Gami, Managing Director responded to the questions raised by the Members who had registered as speakers on the following resolutions:

Ordinary Business:

1. Adoption of Financial Statements for the year ended 31[st] March, 2020.

Special Business:

1. Re-appointment of Shri. Dhananjay Kanitkar (DIN:03523774) as an Independent Director for the second term of two consecutive years, in terms of Section 149 of the Companies Act, 2013.

2. Appointment of Shri. Abhishek Vipinchandra Gami (DIN: 07570948) as Director of the Company.

3. Appointment of Shri. Abhishek Vipinchandra Gami (DIN: 07570948) as Managing Director of the Company.

4. Appointment of Smt. Shruti Abhishek Gami (DIN: 08764442) as Director of the Company.

5. Appointment of Shri. Kishore Dindayal Sharma (DIN: 08763613) as an Independent Director of the Company.

Shri. Dhananjay Kanitkar, Chairman thanked all the Directors and Members for joining the meeting through VC.

The Members were informed that the voting on CDSL platform would continue for next 15 minutes to enable the members who have not cast their vote yet and who would like to cast their vote and that the results of the voting would be declared on or before 30[th] September, 2020 and shall be made available on the Notice Board of the Company at its Registered Office, website of the Company, website of CDSL and website of Stock Exchange.

Till the time of conclusion, 30 Members attended the meeting.

The Meeting was concluded.

For Rapicut Carbides Limited

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Kamlesh Shinde Company Secretary