Shree Cements Ltd. — AGM Information 2021

Aug 9, 2021

CIN No. : L26943RJ1979PLC001935 Phone : 01462228101-6 Toll Free: 18001806003/6004 Fax: 01462228117/228119 E-Mail: shreebwr@shreecement.com Website : www.shreecement.com

SHREE CEMENT LTD.

An ISO 9001, 14001,50001 & OHS 18001 Certified Company Regd. Office: BANGUR NAGAR, POST BOX NO.33, BEAWAR 305901, RAJASTHAN, INDIA

SCL/BWR/2021-22/ 9th August, 2021

FAX NO. 022 - 26598237 /26598238 Email: cmlist@nse.co.in National Stock Exchange of India Limited, Exchange Plaza, Bandra - Kurla Complex, Bandra (East) MUMBAI- 400051 SCRIP CODE: SHREECEM EQ

FAX NO. 022-22722041/22722061 Email: corp.relations@bseindia.com BSE Ltd. Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, MUMBAI- 400023 SCRIP CODE 500387

Kind Attention: Listing Deptt.

Re: Summary of Proceedings of the 42nd Annual General Meeting {AGM}

Dear Sirs,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith the Summary of Proceedings of the 42nd Annual General Meeting (AGM) of the Company held on Monday, 9th August, 2021 at 3.00 PM through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM").

Kindly take the same on record.

Thanking you,

Yours For 5 ithfully, E CEMENT LIMITED

{S.S. K NDELWAL} COMPANY SECRETARY Encl.: as above

SHREE CEMENT LIMITED

SUMMARY OF PROCEEDINGS OF THE 42NO ANNUAL GENERAL MEETING (AGM)

The 42nd Annual General Meeting of the Members of the Company was held on Monday, 9th August, 2021 at 3.00 P.M. (1ST) through Video Conferencing ("VC") I Other Audio Visual Means ("OAVM"). The following persons were present:

Directors:

• 1. Shri B.G. Bangur, Chairman
• 1. Shri H.M. Bangur, Managing Director
• 1. Shri Prashant Bangur, Jt. Managing Director
• 1. Shri P.N. Chhangani, Whole Time Director
• 1. Shri O.P. Setia, Independent Director & Chairman of Audit Committee
• 1. Shri R.L. Gaggar, Independent Director & Chairman of Stakeholders' Relationship Committee and Nomination cum Remuneration Committee
• 1. Dr. Y.K. Alagh, Independent Director
• 1. Shri Nitin Desai, Independent Director
• 1. Shri Sanjiv Krishanji Shelgikar, Independent Director
• 1. Ms. Uma Ghurka, Independent Director

Other Representatives:

• 1. Shri Mukesh Dua, representative of MIs. Gupta & Dua, Statutory Auditors
• 1. Shri Akshit Jangid, representative of MIs Pinchaa & Co., Secretarial Auditors & Scrutinizer
• 1. Shri S.S. Khandelwal, Company Secretary
• 1. Shri Subhash Jajoo, Chief Finance Officer
• 1. Shri K.K. Jain, Vice President (Accounts)

Quorum of the Meeting:

A total of 69 members attended the meeting (including 16 members attended as authorized representative of Bodies Corporatellnstitutions)

Brief Proceedings:

• Shri B.G. Bangur, Chairman of the Company, presided over the meeting.
• After ascertaining that the requisite quorum was present, the Company Secretary with the permission of the Chairman called the meeting in order.
• The Company Secretary informed about the availability of Registers and documents referred in the notice for inspection during the meeting through the link appearing on the National Securities Depository Limited ("NSDL") website.
• With the permission of the Chairman, Company Secretary announced that Notice of 42nd AGM was sent to all the shareholder alongwith the Directors' Report and audited financial statements in accordance with the Companies Act, 2013 and MCA circulars.
• The Company Secretary appraised the member's W.r.t. remote e-voting facility & voting during theAGM.
• The Company Secretary informed that there is no qualification or adverse remark in the Audit Report issued by Statutory Auditors over financial statements and in the Secretarial Audit Report issued by the Secretarial Auditor over secretarial compliances.
• The Chairman addressed the members.

• On the invitation, Members who had registered themselves as speakers, sought clarifications through VC I OAVM on financial statements and business of the Company. The Managing Director responded to the queries of the Members and provided clarifications.
• Shri Akshit Jangid, Practicing Company Secretary, acted as Scrutinizer for scrutinizing the entire voting process i.e. remote e-voting and e-voting during the AGM in a fair and transparent manner.
• As per notice dated 21 st May, 2021, convening the AGM of the Company, the following business were transacted at the AGM:-

ItemNo.	Details of the Agenda	Resolutions(Ordinary!Special)
Ordinary Business
1	To receive, consider and adopt:a. the Audited Standalone Financial Statements of theCompany for the financial year ended March 31 , 2021and the Reports of the Board of Directors and Auditorsthereon; and	OrdinaryResolution
	b. the Audited Consolidated Financial Statements of theCompany for the financial year ended March 31, 2021and the Report of the Auditors thereon.
2	To declare dividend of Rs. 601- per shares on the equity	Ordinary
	shares of the company, as final dividend, for the financialyear ended March 31 , 2021.	Resolution
3	Re-appointmentofShriBenuGopalBangur(DIN:	Ordinary
	00244196), Director of the Company, retires by rotation	Resolution
Special Business
4	To ratify the remuneration of the MIs. K. G. Goyal and	Ordinary
	Associates, Cost Accountants as Cost Auditors of theCompany for the financial year ending on March 31, 2022.	Resolution
5	Re-appointmentofShriHariMohanBangur(DIN:00244329), as Managing Director of the Company for aperiod of five years w.e.f. April 1, 2021	Special Resolution

• It was informed that the e-voting results along with the consolidated Scrutinizer's Report shall be informed to Stock Exchanges and also be placed on the website of the Company, NSDL and Stock Exchanges.

*****

• The meeting concluded at 3.48 P.M. (including 10 minutes post AGM for e-voting).