Semac Construction Limited — AGM Information 2021

Sep 25, 2021

25th September, 2021

To Listing Department BSE Limited 25th Floor, PJ Towers, Dalal Street Mumbai – 400 001

Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1 Block G BandraKurla Complex, Bandra, East Mumbai - 400 051

Dear Sir / Madam,

Sub: Proceedings of the 44th Annual General Meeting of the Company held on Friday the 24th day of September, 2021 through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM")

Pursuant to Regulation 30 read with para A of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the 44th Annual General Meeting of the Company was duly held on Friday the 24th day of September, 2021 at 02:00 PM (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in accordance with the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended), Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the circulars dated 5th May 2020 read with Circular dated 8th April 2020, 13th April, 2020 and 13th January, 2021 issued by the Ministry of Corporate Affairs ("MCA Circulars") and Circular dated 12th May, 2020 and 15th January 2021 issued by the Securities and Exchange Board of India and as per the applicable provisions of the Companies Act, 2013 read with relevant rules made thereunder and the proceedings of the said meeting is given hereunder:

Present:

The following Directors were present at the 44th Annual General Meeting through Video Conferencing (VC) / Other Audio Visual Means (OAVM):

Name of the Director	Category / Designation
Mr. Abhishek Dalmia	Executive Chairman
Mr. V. V. Subramanian	Independent Director and Chairman of the AuditCommittee,NominationandRemunerationCommittee & Stakeholders Relationship Committee
Mrs. Deepali Dalmia	Non-IndependentDirector

Revathi Equipment Limited

www.revathi.in

331, Pollachi Road, Coimbatore - 641 050. India. Phone : 0422 - 2610851, 0422 - 6655100, Fax : 0422 - 6655199 CIN No.: L29120TZ1977PLC000780 E-mail: finance@revathi.in Website:

In attendance:

Mr. K Maheswaran, Company Secretary

Mr. R Sudhir, Chief Financial Officer (CFO)

Mr.Neeraj Bansal of M/s. S S Kothari Mehta & Co., Statutory Auditor and Mr. M D Selvaraj, FCS, of MDS & Associates, Secretarial Auditor and Scrutinizer for the meeting were also present at the 44th Annual General Meeting through VC/OAVM.

A total of 49 members representing 22,67,214 equity shares has attended the meeting through the video conferencing / other audio-visual means.

Mr. K Maheswaran, Company Secretary, welcomed all the members and informed that this 44th Annual General Meeting of Revathi Equipment Limited is being held through Video Conferencing / Other Audio Visual Means ("VC/OAVM") facility as per MCA circulars and SEBI circular.

Thereafter, the Company Secretary briefed certain procedural and technical information regarding the participation by the members through video conferencing / other audio visual means. The Company Secretary informed further that the Company had provided to the Shareholders, the facility to cast their vote electronically on all resolutions set forth in the Notice of the AGM through remote e-voting facility provided by the Link Intime India Private Limited (LIIPL), which had commenced on Tuesday, 21st September, 2021 at 9:00 AM and ended on Thursday, 23rd September, 2021 at 5:00 PM (IST). He informed that the shareholders, who are present at the AGM and had not cast their vote through remote evoting, has been provided an opportunity to cast their votes through e-voting at the meeting. In this regard, the Board of Directors have appointed Mr.M.D.Selvaraj, FCS, of M/s. MDS & Associates, Company Secretaries, Coimbatore as the Scrutinizer to conduct the remote e-voting and e-voting process at the 44th AGM in a fair and transparent manner and to ascertain the requisite majority.

Then he invited Mr.Abhishek Dalmia, Chairman of the meeting to conduct the 44th Annual General Meeting.

Mr.Abhishek Dalmia, Chairman then introduced the Chairman of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee and other Directors / Statutory Auditor / Secretarial Auditor / Scrutiniser / and the Key Executives present in the meeting through VC/OAVM facility.

Mr.Abhishek Dalmia, Chairman of the meeting informed that the requisite quorum is present and he called the meeting to order. Thereafter, he welcomed the shareholders, Directors, Auditors and the Scrutinizer for the 44th Annual General Meeting held through Video Conferencing / Other Audio Visual Means ("VC/OAVM") facility. Thereafter, the Chairman informed that the registers as required under the Companies Act, 2013 has been made available electronically for inspection by the members during the AGM.

www.revathi.in

331, Pollachi Road, Coimbatore - 641 050. India. Phone : 0422 - 2610851, 0422 - 6655100, Fax : 0422 - 6655199 CIN No.: L29120TZ1977PLC000780 E-mail: finance@revathi.in Website:

The Chairman further informed that since the notice of the AGM along with the audited financial statements and the Directors' report has already been circulated to all the members, the same has been taken as read. Further, as there are no qualifications or comments or remarks in the Statutory Auditors Report for the financial year ended 31st March, 2020, the same has been taken as read. However, the Secretarial Auditor has qualified that the Board of Directors of the Company did not comprise of a minimum of 6 directors during the period from 1st April 2020 to 14th June 2020 in his Report for the financial year ended 31st March, 2021 and in this regard the Company has suitably replied in directors report.

The Company Secretary then read the summary of the resolutions set out in the agenda Item No.1 to 4 of the Notice of the 44th Annual General Meeting dated 18th June, 2021 as follows:

Ordinary Business:

• 1. Adoption of the audited standalone and consolidated financial statements of the company for the financial year ended 31st March, 2021, together with the reports of the Board of Directors and the Auditors thereon.
• 1. Re-appointment of Mrs.Deepali Dalmia (DIN: 00017415) as Director, who retires on rotation.

Special Business:

• 1. Appointment of Mr.P. Gandhimathinathan (DIN: 00013687) as Director of the Company.
• 1. Reappointment of Mr. V.V. Subramanian (DIN 05232247) as an Independent Non-Executive Director for his second term of five consecutive years, with effect from 29th May, 2022.

The Company Secretary then opened the floor for the registered speaker shareholders to raise their queries and explain to the shareholders about the procedure to be followed by them.

The Chairman then invited the shareholder who had registered themselves as speakers to ask question or express their views through video conferencing facility. The Chairman then clarified the queries raised by the members.

Thereafter, the Company Secretary informed that the e-voting facility provided by Link Intime India Private Limited (LIIPL), would remain open for the next 15 minutes to enable the shareholders, who are present at the meeting and had not cast their votes through remote e-voting, to cast their votes electronically. He informed further that the results of the voting shall be declared within the prescribed time and the consolidated scrutinizer's report along with the voting results would be submitted to the Link Intime India Private

Revathi Equipment Limited

331, Pollachi Road, Coimbatore - 641 050. India. Phone : 0422 - 2610851, 0422 - 6655100, Fax : 0422 - 6655199 CIN No.: L29120TZ1977PLC000780 E-mail: finance@revathi.in Website:

Limited (https://instavote.linkintime.co.in), Bombay Stock Exchange Limited, National Stock Exchange of India Limited and would also be placed on the Company's website (www.revathi.in).

The Company Secretary then thanked all the shareholders / Directors / Auditors / Scrutiniser, who have joined the 44th Annual General Meeting through video conferencing facility/other audio visual means.

The 44th AGM was concluded at 03:10 PM. Kindly take the above on record. Thanking you,

Yours faithfully

For Revathi Equipment Limited

K. Maheswaran Company Secretary

Revathi Equipment Limited

331, Pollachi Road, Coimbatore - 641 050. India. Phone : 0422 - 2610851, 0422 - 6655100, Fax : 0422 - 6655199 CIN No.: L29120TZ1977PLC000780 E-mail: finance@revathi.in Website: www.revathi.in