Sharat Industries Ltd. — AGM Information 2021

Sep 27, 2021

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Date: 27[th] September, 2021

To,

Corporate Relationship Department, BSE Limited, Phiroze Jeejheebhoy Towers, Dalal Street, Mumbai – 532370.

Dear Sir/Madam,

Sub: Summary of the Proceedings of the 31[st] Annual General Meeting of the - Company Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations. 2015

Ref: Scrip Code: 519397

We wish to inform you that the 31[st] Annual General Meeting of the Company was held today i.e., 27[th] September, 2021 at 10:00 AM though Video Conferencing (VC) / Other Audio-Visual Means (OVAM) and all the business transactions as set out in the Notice of the Annual General Meeting dated 12[th] August, 2021 were transacted.

In this regard, please find enclosed summary of the proceedings of the 31[st] Annual General Meeting as required under Regulation 30, PART A of the Schedule III of the SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015.

Request you to kindly take the same on record.

Thanking You,

Yours Faithfully,

For SHARAT INDUSTRIES LIMITED

B Vignesh Digitally signed by B Vignesh Ram Ram Date: 2021.09.27 11:08:58 +05'30'

B. VIGNESH RAM

COMPANY SECRETARY & COMPLIANCE OFFICER

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Summary of Proceedings of 31[st] Annual General Meeting of the Company

The 31[st] Annual General Meeting (AGM) of the Members of M/s. Sharat Industries Limited (the "Company") was held today i.e., 27[th] September, 2021 at 10:00 AM though Video Conferencing (VC) / Other Audio-Visual Means (OVAM) in compliance with the various guidelines issued by the Ministry of Corporate Affairs (MCA) through various General Circulars and applicable provisions of the Companies Act, 2013 and SEBI Circulars issued in this regard from time to time.

Mr.S.Prasad Reddy, Chairman and Managing Director of the Company Chaired the meeting.

Mr. S. Sharat Reddy, Executive Director was present to address the shareholders.

Mr. Ch. Kishore Kumar, Chairman of the Audit & Stakeholder Relationship Committee, Mr. P. Shanmugam, Director, Mr. Harihar Venkata Muthayam, Director and Mrs. Durga Thotta, Independent Women Director were also present for the meeting.

Mr. B.Vignesh Ram, Company Secretary confirmed the presence of the requisite quorum to the Chairman. Consequently, the Chairman called the Meeting to order.

The Company Secretary informed the members that in line with the requirements of Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration) Rules 2014, as amended from time to time, the Company had provided the members the facility to cast their vote electronically on the resolutions from 09:00 AM of 24[th] September, 2021 to 05:00 PM of 26[th] September, 2021. Members who had not casted their vote during the e voting window but were present for the AGM were provided an opportunity to cast their votes electronically during the meeting up to 15 minutes after the conclusion of the meeting.

The Company Secretary read the resolutions that are proposed to be passed in the meeting. He also further informed that Notice along with the other statutory contents of the Annual Report were taken as read in the interest of the time as the Annual Report along with the Notice was circulated to the shareholders earlier and the same is also available in the websites of the Stock Exchange and the Company.

Thereafter, Mr. S.Sharat Reddy, Executive Director delivered his address to the Shareholders.

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Subsequently, Company Secretary called the names of the shareholders registered with the Company as the speakers. But the shareholders did not turn up. Hence, the Company Secretary proceeded with the other agenda items.

The Company Secretary informed the Members that the Board had appointed Mr. Amresh Kumar, Practising Company Secretary as the Scrutinizer to supervise the remote e-voting process and he also informed the members that the consolidated results of Remote e-voting and e-Voting on the AGM Day would be announced within 48 hours and also intimated to the Stock Exchanges and posted on the website of the company.

Thereafter, the Company Secretary thanked the members present and declared the meeting as concluded.

The meeting concluded at 10:45 AM.

This document is only the summary of proceedings of the 31[st] Annual General Meeting of the Company and does not constitute minutes of the Annual General Meeting of the Company.

SHARAT INDUSTRIES LIMITED

B Vignesh Digitally signed by B Vignesh Ram Ram Date: 2021.09.27 11:09:25 +05'30' B. VIGNESH RAM

COMPANY SECRETARY & COMPLIANCE OFFICER

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