Seasons Textiles Ltd — AGM Information 2022

Sep 24, 2022

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STL/SEC/2022-2023 Date: 24-08-2022

Manager – Department of Corporate Services Bombay Stock Exchange Ltd., Registered Office: Floor 25, P J Towers, Dalal Street, Mumbai 400 001

Dear Sir/Madam,

Company Scrip Code: 514264 I ISIN: INE707B01010

Sub: Proceedings of 36th Annual General Meeting (AGM) of Seasons Textiles Limited held on Friday, 23[rd] August, 2022 through video conferencing.

Dear Sir/ Madam,

Pursuant to Regulation 30, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please find enclosed herewith the proceedings of 36th Annual General Meeting of the Seasons textiles Limited held on Friday, 23[rd] August, 2022, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM).

Proceedings of 36th Annual General Meeting:

1. The 36th AGM of the Seasons Textiles Limited was held on Friday, 23[rd] August, 2022, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), which started at 11:30 a.m and concluded at 12:05 p.m. Annual Report for the Financial Years 202122.

The following Board Members were present through video conferencing at the 36th Annual General meeting of the Company.

1. Mr. Inderjeet Singh Wadhwa , Managing Director

2. Mrs. Neelam Wadhwa - Whole Time Director and Member of the Audit Committee.

2. Mr. Sanjay Katyal - Chief Financial Officer .

1. Mr. Saurabh Arora - Company Secretary.

AUDITORS:

SEASONS TEXTILES LIMITED

Corp Office/Mailing Address: B-18, Sectror-5, Noida, 201 301 (U.P.), INDIA Tel: -91 120 4690000, Fax: +91 120 4351485

Registered Office: 26, Froze Gandhi Road (Lower Ground Floor), Lajpat Nagar 3, New Delhi South Delhi 110024

Tel: +91 11 47675000, fax: +91 11 41805599 Email: cs.stl@seasonsworld.com , Website: www. Seasonsworld.com CIN: L74999DL1986PLC024058

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• 1.Mr. Ashok Kantoor Representative of Rakesh Varshney & Associates, Statutory Auditors. 2.Pramod Kothari Representative of Pramod Kothari & Co, Secretarial Auditors

Mr. Inderjeet Singh Wadhwa, Managing Director of the company was unanimously appointed as chairman of the meeting and then he welcomed the Members present at the meeting, thereafter, he introduced the Board Members who were attending the meeting through video Conferencing. After ascertaining that the requisite quorum was present through video conferencing, the Chairman called the meeting to order and commenced the proceedings.

Chairman informed that in view of the COVID19 pandemic and social distancing norms, the AGM was conducted through VC / OAVM in accordance with the circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). The Company Secretary informed that the Company had tied up with National Securities Depository Limited (NSDL) to provide facility to shareholders to vote on the proposed resolutions through remote e-voting, e-voting during the AGM and facilitating the participation of shareholders in the AGM through VC / OAVM. After that, the Company Secretary also shared some advisory to the shareholders.

Pursuant to the provisions of Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The Company has provided to its members facility to exercise their right to vote on resolutions proposed to be considered at the AGM by electronic means.

Chairman informed that M/s Pramod Kothari & Co., Company Secretaries, had been appointed as the scrutinizer to scrutinize the voting process in a fair and transparent manner.

He then stated that, scrutinizers report along with e-voting results would be submitted to the stock exchange within 48 hours of the conclusion of the AGM and would also be placed on the website of the Company at www.Seasonsworld.com

With the permission of the members, the Chairman, took notice of meeting along with Audited Financial Statements of the company for the year ended 31st March, 2022 and report of the Board of Directors thereon, being already circulated as read.

The Chairman further informed that, the Auditor’s report on the financial statements for the financial year ended 31st March, 2022, and Secretarial Audit Report for the same period did not have any qualification, observations, comments or other remarks.

SEASONS TEXTILES LIMITED

Corp Office/Mailing Address: B-18, Sectror-5, Noida, 201 301 (U.P.), INDIA Tel: -91 120 4690000, Fax: +91 120 4351485 Registered Office: 26, Froze Gandhi Road (Lower Ground Floor), Lajpat Nagar 3, New Delhi South Delhi 110024 Tel: +91 11 47675000, fax: +91 11 41805599 Email: cs.stl@seasonsworld.com , Website: www. Seasonsworld.com CIN: L74999DL1986PLC024058

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He further informed that we have received the requests from 4 shareholders, Mr. Santosh Bhutani, Client ID 12480702, Mr. Chetan Chadda, Client ID No. 00010073, Mr. Lokesh Gupta Client ID 01647317 and Mr. Ajay Jain Client ID No. 1201910102044054 to register them as speaker in the AGM.

Thereafter, the Chairman to address the members and give an overview on the financials for the year ended 31st March, 2022, and future growth prospects of the Company. He stated that the company has:

• a) during the financial year 2021-22, your Company has achieved revenue from operations of 2650.22 Lakh as against 1711.51 Lakh in the financial year 2020-21, i.e., an improvement of 54.83%. The Net Profit (Loss) for the financial year 2021-22 is (42.17) Lakh as against (79.75) Lakh in the financial year 2020-21.

• b) As we look forward to a new financial year and I am confident of a strong resilience around customer demand and am looking forward for a strong business delivery by the company.

After giving a detailed overview, the Chairman asked the members to ask, if any of them needed any other information. No questions were raised by any of the shareholders.

The chairman then discussed the businesses which were put up for shareholders’ approval at AGM as set out in the Notice of 36th AGM.

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ORDINARY BUSINESS:
1 To receive, consider and adopt the Audited Financial Statements of the Company
for the financial year ended 31st March, 2022 together with the Reports of the
Board of Directors and Auditors thereon.
2 To appoint a Director in place of Mrs. Neelam Wadhwa (DIN No. 00050911), who
retires by rotation and being eligible, offers herself for re-appointment.
3 To appoint statutory auditors and fix their remuneration.
SPECIAL BUSINESS:
1 Re-appointment of Mr. Inderjeet Singh Wadhwa (DIN: 00007009) as Managing
Director for the period of 5 years.
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SEASONS TEXTILES LIMITED

Corp Office/Mailing Address: B-18, Sectror-5, Noida, 201 301 (U.P.), INDIA Tel: -91 120 4690000, Fax: +91 120 4351485 Registered Office: 26, Froze Gandhi Road (Lower Ground Floor), Lajpat Nagar 3, New Delhi South Delhi 110024

Tel: +91 11 47675000, fax: +91 11 41805599 Email: cs.stl@seasonsworld.com , Website: www. Seasonsworld.com CIN: L74999DL1986PLC024058

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Thereafter, the chairman requested the Speaker Shareholders to express their views.

It was found that out of 4 shareholders who had requested to register themselves as speakers, i.e Mr. Lokesh Gupta, Mr. Ajay Jain, Mr. Mr. Chetan Chadda, and Mr. Mr. Santosh Bhutani were present at the Virtual AGM, thereafter asked all the shareholders to speak one by one.

All the speaker shareholders asked their queries one by one and appreciated the efforts of the management specially the secretarial department for its continuous support and guidance and resolving their queries in time.

The Chairman thanked all the shareholders for their appreciation of the management and answered queries of all the shareholders one by one and added that, he is much confident that the Company is in right path and assured the shareholders of the better performance of the Company in future.

The Company Secretary then requested the Shareholders who have not casted their vote through e-voting to cast their vote on the discussed resolutions through same e-voting system. We would like to inform you that all the resolutions set out in the Notice of 36th AGM, were approved by the shareholders of the Company with requisite majority.

We request you to kindly take note of the same.

Thanking you.

Yours faithfully,

For Seasons Textiles Limited

Saurabh Arora[Digitally signed ] by Saurabh Arora Saurabh Arora Company Secretary & Compliance Officer

SEASONS TEXTILES LIMITED

Corp Office/Mailing Address: B-18, Sectror-5, Noida, 201 301 (U.P.), INDIA Tel: -91 120 4690000, Fax: +91 120 4351485

Registered Office: 26, Froze Gandhi Road (Lower Ground Floor), Lajpat Nagar 3, New Delhi South Delhi 110024

Tel: +91 11 47675000, fax: +91 11 41805599 Email: cs.stl@seasonsworld.com , Website: www. Seasonsworld.com CIN: L74999DL1986PLC024058