Remsons Industries Ltd. — AGM Information 2022

Sep 28, 2022

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28[th] September, 2022

To, The Manager – CRD The Manager – Listing BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5[th] Floor, ‘G’ Block Dalal Street, Bandra Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 530919 Symbol: REMSONSIND

Dear Sir / Ma’am,

Sub.: Proceedings of the 50[th] Annual General Meeting held on Wednesday, the 28[th] day of September, 2022.

Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the proceedings of the 50[th] Annual General Meeting of the members of the Company held on Wednesday, the 28[th] day of September, 2022 at 11.30 a.m. conducted through Video Conferencing / Other Audio Visual Means and concluded at 11.55 a.m.

You are requested to kindly take the same on record.

Thanking you.

Yours faithfully

For REMSONS INDUSTRIES LIMITED

Digitally signed by Rohit Hasmukhbhai Darji Rohit DN: c=IN, o=Personal, postalCode=400068, st=Maharashtra, 2.5.4.20=a776fd940d34002c470bc7cf662c8900e0eb1c 3f0c608e0cc5e788113f7162d7, Hasmukhbhai pseudonym=69F7DD899111B0C8DB65720418E0F440F962178D, serialNumber=3FC5FB63321CF80850BF8BACB3862C07 89F1F7363F1D35D6F8990FFE3E63E4B7, cn=Rohit Darji Hasmukhbhai Darji Date: 2022.09.28 18:38:19 +05'30'

ROHIT DARJI COMPANY SECRETARY & COMPLIANCE OFFICER MEMBERSHIP NO.: A37077

Encl.: As above

Reg. Office: 401, 4[th] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra,

Tel: (+91) (22) 2626 2100 / 2611 4452 CIN: L51900MH1971PLC015141 Email : corporate@remsons.com

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PROCEEDINGS OF THE 50[TH ] ANNUAL GENERAL MEETING OF THE COMPANY

HELD ON WEDNESDAY, 28[TH] SEPTEMBER, 2022

The 50[th] Annual General Meeting (“AGM”) of the members of the Company was held on Wednesday, 28[th] September, 2022 at 11:30 A.M. (IST) through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) without physical presence of the members at a common venue, in accordance with the applicable circulars issued by the Ministry of Corporate Affairs (“MCA”) from time to time in this regard, to transact the business as set out in the Notice of the 50[th] AGM dated 10[th] August, 2022.

The meeting commenced at 11.30 a.m. (IST) and concluded at 11:55 a.m. (IST)

Directors and Key Managerial Personnel present:

1. Mr. Krishna Kejriwal - Chairman and Managing Director;

2. Mrs. Chand Kejriwal - Whole Time Director;

3. Mr. Rahul Kejriwal - Whole Time Director & CFO;

4. Mr. Anil Kumar Agrawal – Non-Executive Director and Authorised Representative of Nomination and Remuneration Committee;

5. Mrs. Visalakshi Sridhar - Independent Director and Chairperson of the Audit and Stakeholders’ Relationship Committee;

6. Mr. Shishir Vasant Dalal - Independent Director

7. Mr. Suresh Ramarao - Independent Director

8. Mr. Amit Srivastava - Chief Executive Officer; and

9. Mr. Rohit Darji - Company Secretary and Compliance Officer.

Other Representatives:

1. Mrs. Priyanka Agarwal, Authorised Representative of M/s. M L Bhuwania and Co. LLP, Chartered Accountants, Statutory Auditors of the Company; and

2. Mr. Manish Baldeva, Proprietor of M/s. M Baldeva Associates, Company Secretaries, Thane, Secretarial Auditors of the Company and Scrutinizer for the meeting.

Quorum of the Meeting:

Total 23 members attended the AGM through VC / OAVM.

Reg. Office: 401, 4[th] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra,

Tel: (+91) (22) 2626 2100 / 2611 4452 CIN: L51900MH1971PLC015141 Email : corporate@remsons.com

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Brief Proceedings:

Mr. Krishna Kejriwal, Chairman and Managing Director of Company Chaired the meeting. As the requisite quorum was present, the Chairman called the meeting to order. He welcomed the Board Members, Key Managerial Personnel, Auditors and members participating in the meeting.

The Chairman then informed the members present that the Register of Directors and Key Managerial Personnel and their Shareholding and Register of Contracts or Arrangements as maintained under Sections 170 and 189 of the Companies Act, 2013 respectively and other documents are made available for inspection to the members, who had requested. He then briefed the members present at the meeting about the progress and achievements of the Company during the financial year 2021-22.

Further, the Chairman informed the members that:

• The remote e-voting period had commenced from Sunday, 25[th] September, 2022 at 9:00 A.M. and concluded on Tuesday, 27[th ] September, 2022 at 5:00 P.M. He further informed that the members who had not cast their vote earlier through remote e-voting facility, and are not otherwise barred from voting, will have an opportunity to cast their vote on the resolutions as set out in the Notice of the 50[th ] AGM through the e-voting facility as made available by Central Depository Services (India) Limited (“CDSL”) during the meeting and will remain open till 15 minutes after the conclusion of this 50[th] AGM.

• CS Manish Baldeva, Proprietor of M/s. M Baldeva Associates, Company Secretaries, Thane has been appointed as Scrutinizer to scrutinize the voting through electronic means (i.e. remote e- voting and e-voting during the meeting) in a fair and transparent manner.

• The Notice convening the 50[th] AGM and the Annual Report containing the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended 31[st] March, 2022 along with Board of Directors' Report and Auditors' Report thereon and the relevant annexures have been circulated to the members of the Company through email within the statutory time period.

With the permission of the shareholders present, the notice of the AGM was taken as read.

• Since the Statutory Auditors' Report did not contain any qualifications, reservations or adverse remarks or disclaimer, it was not required to be read in the meeting.

• The attention of the members was drawn to the observations and comments made by the Secretarial Auditors in their Report and also to the explanation provided in the Directors' Report on the same.

Reg. Office: 401, 4[th] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra,

Tel: (+91) (22) 2626 2100 / 2611 4452 CIN: L51900MH1971PLC015141 Email : corporate@remsons.com

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Thereafter, the following items of business, as per the Notice of 50[th] AGM dated 10[th] August, 2022 were transacted at the meeting:

ItemNo.	Agenda Items	Type ofResolution
ORDINARY BUSINESS
1.	Adoption of:(i) the Standalone Audited Financial Statements of the Company for thefinancial year ended 31stMarch, 2022 together with the reports of the Board ofDirectors’ and Auditors’ thereon; and(ii) the Consolidated Audited Financial Statements of the Company for thefinancial year ended 31stMarch, 2022 together with the report of the Auditors'thereon.	Ordinary
2.	Declaration of dividend on equity shares at the rate of Re. 1.00 per Equity Share(10% of Rs. 10/- each fully paid-up, out of the current profits of the Companyfor the financialyear ended 31stMarch, 2022.	Ordinary
3.	Appointment of a director in place of Mrs. Chand Kejriwal (DIN: 00513737),who retired by rotation and being eligible, offered herself for re-appointment asDirector.	Ordinary
4.	Appointment of M/s. Kanu Doshi Associates LLP, Chartered Accountants,Mumbai as Statutory Auditors of the Company and fixing their remuneration.	Ordinary

The Chairman thanked the members and other dignitaries participating in the meeting and informed the members present that the consolidated results of the remote e-voting and e-voting during the 50[th] AGM will be declared within 2 working days of conclusion of the 50[th] AGM and will be displayed at the Registered Office of the Company situated at 401, 4[th] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India. The same will also be available on the Company’s website viz., www.remsons.com and on the website of CDSL viz., www.evotingindia.com and will be communicated to the Stock Exchanges i.e. BSE Ltd. viz., www.bseindia.com and National Stock Exchange of India Limited viz., www.nseindia.com, where the shares of the Company are listed.

The meeting concluded with a vote of thanks to the Chair.

For REMSONS INDUSTRIES LIMITED

Digitally signed by Rohit Hasmukhbhai Darji Rohit DN: c=IN, o=Personal, postalCode=400068, st=Maharashtra, 2.5.4.20=a776fd940d34002c470bc7cf662c8900e0eb1c3f0 c608e0cc5e788113f7162d7, Hasmukhbhai pseudonym=69F7DD899111B0C8DB65720418E0F440F962178D, serialNumber=3FC5FB63321CF80850BF8BACB3862C0789 F1F7363F1D35D6F8990FFE3E63E4B7, cn=Rohit Hasmukhbhai Darji Darji Date: 2022.09.28 18:38:50 +05'30'

ROHIT DARJI COMPANY SECRETARY & COMPLIANCE OFFICER MEMBERSHIP NO.: A37077

Tel: (+91) (22) 2626 2100 / 2611 4452 CIN: L51900MH1971PLC015141 Email : corporate@remsons.com

Reg. Office: 401, 4[th] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra,