Simbhaoli Sugars Ltd — AGM Information 2023

Sep 28, 2023

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September 28, 2023

The Corporate Relationship Department BSE Limited, P.J. Towers, Dalal Street, Mumbai- 400001 Scrip Code: 539742

National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Scrip Code: SIMBHALS

Sub: Proceedings of 12[th] Annual General Meeting of the Company held on 28.09.2023

Dear Sir/Madam,

We wish to inform you that the 12[th] Annual General Meeting of the Company was held through Video Conferencing/ Other Audio-Visual Means on Thursday, September 28, 2023. The Proceedings of the Annual General Meeting is enclosed herewith.

Pursuant to Regulation 30 - Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that the 12[th] Annual General Meeting of the Company was duly convened and held on 28[th] September, 2023 through Video Conferencing (‘VC’) / Other Audio-Visual Means (‘OAVM’) and we are enclosing herewith, a summary of Proceedings of the 12[th] Annual General Meeting of the Company as Annexure “A”.

Further, the consolidated result of Remote Electronic Voting opted by the Company conducted at the Annual General Meeting, along with the Scrutinizers’ Report shall be submitted separately. The same shall be displayed on the website of the Company at www.simbhaolisugars.com.

This is for the information of the Exchange and members thereof.

You are requested to take same on record.

Thanking you Yours Faithfully, For Simbhaoli Sugars Limited

SHUBHAM Digitally signed by SHUBHAM KANDHWAY KANDHWAY Date: 2023.09.28 12:28:51 +05'30' Shubham Kandhway Company Secretary M. No. F10757

Encl: As Above

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Annexure “A” SUMMARY OF PROCEEDINGS OF THE 12[TH] ANNUAL GENERAL MEETING

The 12[th] Annual General Meeting of the Members of Simbhaoli Sugars Limited (“the Company”) was held on Thursday, September 28, 2023 at 11.00 A.M. through Video Conferencing/Other Audio Visual Means. The following Directors were present:

Directors Present:

Mr. Gurmit Singh Mann Chairman Ms. Gursimran Kaur Mann Managing Director Mr. Sachchida Nand Misra Whole Time Director (as designated Chief Operating Officer) Mr. Gurpal Singh Director Mr. Har Prasad Kain Independent Director Mr. Shyam Sunder Independent Director Mr. Atul Mahindru Independent Director Mr. Aseem Sehgal Independent Director

Mr. Gurmit Singh Mann being Chairman of the Board took the chair and conducted the proceedings of the Meeting. The Chairman addressed the shareholders and spoke about financial performance of the Company, current economic situations and its impact. The Chairman thereafter informed the copies of the Audited Financial statements for the year ended March 31, 2023, Board’s and Auditor’s report had been emailed to the members and that the original documents along with the Statutory Registers were available for inspection electronically. The Chairman further informed the shareholders that e-voting facility has been provided to all members to vote electronically and the same shall be available during the meeting as well.

The members were briefed the following Agenda items as per the Notice of AGM dated 17.08.2023.

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S. No. Details of Agenda Resolution
Required
1. To receive, consider and adopt the Audited Standalone Ordinary
Financial Statements of the Company for the financial year
ended March 31, 2023, together with the Reports of the Board
of Directors and Auditors thereon.
2. To receive, consider and adopt the Audited Consolidated Ordinary
Financial Statements of the Company and its subsidiaries for
the financial year ended March 31, 2023, together with the
Report of the Auditors thereon.
3. Appointment of Mr. Gurmit Singh Mann (DIN: 00066653) as Special
Director, liable to retire by rotation
4. Ratification of Cost Auditor's Remuneration for FY2023-24 Ordinary
5. Re-appointment of Ms. Gursimran Kaur Mann (DIN: Special
00642094) as Managing Director and approval of payment of
remuneration
6. Re-appointment of Mr. Sachchida Nand Misra (DIN: Special
06714324) as Whole-time Director designated as Chief
Operating Officer and approval of payment of remuneration
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Chairman informed the shareholders that Mr. Sandeep Joshi, Practicing Company Secretary had been appointed as the Scrutinizer and to report on the voting results of e-voting for each of the items as per the Notice of the AGM. The Voting results having been received, all the resolutions as set out in the notice of the AGM shall be declared passed.

For Simbhaoli Sugars Limited

SHUBHAM Digitally signed by SHUBHAM KANDHWAY KANDHWAY Date: 2023.09.28 12:29:20 +05'30' Shubham Kandhway Company Secretary M. No. F10757