RKEC Projects Limited — AGM Information 2021

Sep 28, 2021

To,

National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (E) Mumbai – 400 051

Scrip Id: RKEC

SUBMISSION OF PROCEEDINGS OF THE 16[th] ANNUAL GENERAL MEETING HELD ON MONDAY, 27[TH] SEPT, 2021 AT 11:00 A.M

Dear Sir/Madam,

Pursuant to Regulation 30, Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the proceedings of 16[th] Annual General Meeting of RKEC Projects Limited held on Monday, 27[th] Sept, 2021 at 11:00 A.M through Video Conferencing (VC)/ Other Audio Visual Means(OAVM) .

Kindly take the same on your record.

Yours faithfully,

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PROCEEDINGS OF 16[TH] ANNUAL GENERAL MEETING OF RKEC PROJECTS LIMITED

The 16[th] Annual General Meeting of the Company held on Monday, 27th Sept, 2021 at 11:00 AM through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) , in accordance with the relevant circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Mrs. Deepika Rathi, Company Secretary & Compliance Officer of the Company, welcomed the Directors, Members, and other dignitaries to the meeting.

The Directors, Statutory Auditors, Secretarial Auditor cum Scrutinizer and senior management of the Company were present at the meeting through VC/OAVM from their respective locations.

Shri G Radhakrishna, Chairman and Managing Director of the Company Chaired the Meeting.

The requisite quorum being present, the Chairman called the Meeting to order.

The Chairman welcomed all the members and then made his opening remarks followed by his speech covering the industry outlook and it’s impact on the Company. He further briefed the members about the operational and financial performance of the Company during FY 2020-21.

As per the AGM notice dated 14[th] August 2021, regarding convening the AGM of the Company, agenda points as given below were transacted:

ORDINARY BUSINESS

Agenda No. 1

Adopted:

a) The Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2021 together with the Reports of the Board of Directors and Auditors thereon;

b) The Audited Consolidated Financial Statements of the Company for the Financial Year end 31st March 2021 together with the Report of the Auditors thereon.

Agenda No. 2

Declared Dividend @12% i.e. Rs. 1.20 (Rupee One and Twenty Paise only) per equity share of the company for the Financial Year 2020-21 by passing an Ordinary Resolution.

Agenda No. 3

Re-appointed Gudapati Venkata Rama Mohan (DIN; 06602693),who retires by rotation and being eligible for re-appointment as a Director by passing an Ordinary Resolution.

SPECIAL BUSINESS

Agenda No. 4

Ratified Remuneration of Cost Auditors of the Company, M/s Uppalapati & Associates LLP, be paid a sum of Rs. 80,000/- (Rupees Eighty Thousand Only) plus applicable tax (GST) by passing an Ordinary Resolution.

Agenda No. 5

Re-appointed Vice Admiral Satish Soni (DIN: 0766074), Independent Non-Executive Director of the company for 2[nd] Term of five consecutive years commencing from 24 November 2021 up to 25 November 2026, not liable to retire by rotation, in terms of Section 149 of Companies Act 2013 by passing Special Resolution. Agenda No.6

Re-appointed Shri Lucas Peter Thalakala (DIN: 07664071), Independent Non-Executive Director of the company for 2[nd] Term of five consecutive years commencing from 24 November 2021 up to 25 November 2026, not liable to retire by rotation, in terms of Section 149 of Companies Act 2013 by passing Special Resolution.

Agenda No.7

Re-appointed Shri Garapati Radhakrishna (Din: 00073080) as Chairman and Managing Director of the Company with effect from 1[st] December 2021 to 30[th] November 2026 by passing Special Resolution.

Agenda No.8

Re-Appointed Smt Garapati Parvathi Devi (Din: 00094961) as Whole Time Director of the Company with effect from 1[st] December 2021 to 30[th] November 2026 by passing Special Resolution.

Agenda No.9

Increased the Authorised Share Capital of the Company from Rs. 25,00,00,000 Crores (Rupees Twenty Five Crores only) divided into 2,50,00,000(Two Crore Fifty Lakh) equity shares of face value of Rs. 10 each to Rs.50,00,00,000(Rupees fifty crore only) divided into 5,00,00,000(Five Crore) equity shares of face value of Rs. 10 each ranking pari-passu in all respects with the existing equity shares of the Company and approved consequential amendment in Memorandum of Association of the Company by passing an Ordinary Resolution.

Remote e-Voting Information

The Company Secretary informed the members that the Company has provided the remote e- voting facility to the members to cast their votes on all the resolutions set forth in the AGM Notice. Members, who were participating in the AGM and had not cast their votes through remote e-voting, were provided an opportunity for 15 minutes to cast their votes through e-voting after conclusion of the AGM.

VOTE OF THANKS

The Chairman thanked the members for their continued support and for attending and participating in the meeting. He also thanked the Directors and Auditors.

There being no further business to transact, the meeting concluded with a vote of thanks to the Chair. The required quorum was present throughout the meeting, while transacting every agenda item.

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