SETUBANDHAN INFRASTRUCTURE LIMITED — AGM Information 2021

Oct 7, 2021

SETUBANDHAN INFRASTRUCTURE LIMITED

Date : October 07, 2021

BSE Limited National Stock Exchange of India Limited 25[th] Floor, Exchange Plaza, 5[th] Floor, PhirozJeejeebhoyTowers, Plot No. C/1, G Block, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 533605 Symbol: SETUINFRA

Dear Sirs,

Sub. : Proceedings of the 25[th] Annual General Meeting of the Company held on Thursday, October 07, 2021

Pursuant to Regulation 30, Part - A of Schedule - III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose Gist of Proceedings of the 25[th] Annual General Meeting of the members of Setubandhan Infrastructure Limited held on day, October 07, 2021 at The Exchange, Near Ved Mandir, Tidke Colony, Trimbak Road, Nashik - 422002.

Kindly take the above intimation on your record.

Thanking You,

Yours Faithfully,

For Setubandhan Infrastructure Limited

(Formerly known as Prakash Constrowell Limited)

Sd/-

Suresh Sarda

Director

• Encl. : Gist of Proceedings of the 25[th] Annual General Meeting of Setubandhan Infrastructure Limited

Setubandhan Infrastructure Limited

(Formerly known as Prakash Constrowell Limited) Registered Office : The Exchange, Near VedMandir, Tidke Colony, Trimbak Road, Nashik - 422002 CIN : L45200MH1996PLC095941 | Email : info@prakashconstro.com | Website : www.prakashconstro.com

Gist of Proceedings of the 25[th] Annual General Meeting of Setubandhan Infrastructure Limited

Date, Time and Venue of the Meeting

The 25[th] Annual General Meeting (AGM) of the Members of the Company was held on Monday, October 07, 2021 at The Exchange, Near Ved Mandir, Tidke Colony, Trimbak Road, Nashik - 422002. The meeting commenced at 03.00 p.m. and concluded at 3.30 p.m.

Proceedings in brief

Mr. Suresh Sarda, Director chaired the proceedings of the Meeting.

The meeting was adjourned and hence, present members constituted requisite quorum for the meeting, the Chairman called the Meeting to order.

The Chairman informed that remote e-voting was commenced at 9:00 a.m. on Monday, September 27, 2021 and ended at 5:00 p.m. on Wednesday, September 29, 2021.

The following businesses, as set out in the Notice convening the 25[th] Annual General Meeting, were commended for members consideration and approval:

Ordinary Business

1. Consideration and Adoption of (a) the audited financial statement of the Company for the financial year ended March 31, 2021 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March31, 2021 and the report of Auditors thereon.

2. Appointment of Mr. Prakash Laddha, a Director retiring by rotation.

3. Consider and Appont Ms. Prachi Jaju as Non-Executive Director.

4. To consider and appoint Mr. Suresh Sarda (DIN: 00126625) as an Independent Director of the Company.

5. To consider and Appoint Mr. Prashant Borse (DIN: 00126825) as Executive Director and fixation of remuneration.

6. To ratify waiver of recovery of excess remuneration paid to Mr. Prakash Laddha.

Voting by Members

The Company had provided remote e-voting facility to its member to cast votes electronically, for all resolutions set out in the Notice.

The Chairman then informed that Members who were present at the AGM and had not cast their votes electronically were provided an opportunity to cast their votes in the Ballot Box at the end of the meeting.

The Chairman also informed the members that Ms. Jagruti Bedmutha, Practicing Company Secretary was appointed as the Scrutinizer for the purpose of scrutinizing the remote e-voting process and poll voting at the Meeting in a fair and transparent manner.

The Chairman informed the members that the details of Voting Results as required under Regulation 44(3) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be separately submitted. The Voting Results will be made available on the website of the Company www.prakashconstro.com and on the website of the CDSL within forty-eight hours of the conclusion of the Meeting.

Note

1. The Company will separately intimate stock exchange the results of e-voting.

2. This document does not constitute minutes of the proceedings of the Annual General Meeting of the Company.

For Setubandhan Infrastructure Limited

(Formerly known as Prakash Constrowell Limited)

Sd/-

Prakash Laddha

Director Date : October 07, 2021 Place : Nashik