Speedage Commercials Ltd. — AGM Information 2021

Sep 29, 2021

SPEEDAGE COMMERCIALS LTD.

Regd. Office : Bhansali House, A-5, Off Veera Desai Road, Andheri (West), Mumbai – 400 053. Phone: (91 -22} 2673 1779 • Fax: (91-22) 2673 1796 • E-mail: speedagecommercial@gmail.com Website: www.speedagecommercials.in • CIN: L51900MH1984PLC034503

29[th] September, 2021

To,

The BSE Limited,

Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Security Code: 512291

Subject: Proceedings of the 36[th] Annual General Meeting.

Dear Sir/ Madam,

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, please find enclosed the summary of proceedings of the 36[th] Annual General Meeting of the Company held today i.e. Wednesday, 29[th] September, 2021.

Kindly take the said information on your records.

Thanking You,

Yours’ faithfully,

For Speedage Commercials Limited

MEENAKSH Digitally signed by MEENAKSHI BHANSALI I BHANSALI Date: 2021.09.29 14:59:11 +05'30'

Meenakshi J. Bhansali Director DIN - 06936671

Encl: As above

SPEEDAGE COMMERCIALS LTD.

Regd. Office : Bhansali House, A-5, Off Veera Desai Road, Andheri (West), Mumbai – 400 053. Phone: (91 -22} 2673 1779 • Fax: (91-22) 2673 1796 • E-mail: speedagecommercial@gmail.com Website: www.speedagecommercials.in • CIN: L51900MH1984PLC034503

Summary of Proceedings of the 36[th] Annual General Meeting of the Company held on Wednesday 29[th] September, 2021.

The 36[th] Annual General Meeting (AGM) of the Company was held on Wednesday, 29[th] September, 2021 at 12:00 pm IST, at 401, 4th Floor, Peninsula Heights C. D. Barfiwala Road, Andheri (West), Mumbai 400058, Maharashtra, India.

Mr. Aditya Srivastava, Chairman of the Board, after ascertaining that the quorum was in order, proceeded with the meeting. It was informed that the Company had not received any proxy form.

He introduced the Directors on the dais. Among other directors, Chairman of the Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee were also present at the AGM. Also present at the meeting were the Statutory Auditors and the Secretarial Auditors of the Company.

The Scrutinizer, Mr. Himanshu S. Kamdar, Partner of M/s. Rathi & Associates, Practicing Company Secretaries, Mumbai (COP No. 3030), was also present at the meeting to scrutinize the e-voting process as well as voting at the venue of AGM.

The relevant Registers under the applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Auditor's Report, Secretarial Audit Report were placed on the table and were open for inspection during the AGM.

With the permission of the members, Statutory Auditors' Report and the annexure to the same as well as the Secretarial Auditors' Report were taken as read.

The Chairman then invited questions/queries from the shareholders, which were responded to their satisfaction.

The following items of businesses, as per the Notice of the AGM were transacted –

Ordinary Business:

1. Adoption of Accounts:

To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31[st] March, 2021, together with the Reports of the Board of Directors and Auditor’s thereon.

SPEEDAGE COMMERCIALS LTD.

Regd. Office : Bhansali House, A-5, Off Veera Desai Road, Andheri (West), Mumbai – 400 053. Phone: (91 -22} 2673 1779 • Fax: (91-22) 2673 1796 • E-mail: speedagecommercial@gmail.com Website: www.speedagecommercials.in • CIN: L51900MH1984PLC034503

2. Re-appointment of Mr. Babulal M. Bhansali (DIN: 00102930), the retiring director:

To appoint a Director in place of Mr. Babulal M. Bhansali (DIN: 00102930), who retires by rotation and being eligible, offers himself for re-appointment.

Special Business:

3. Approval for Material Related Party Transaction(s):

To approve entering into Material Related Party Transaction(s) with Bhansali International Private Limited.

The meeting concluded at 12:30 PM IST. The members were informed that the results of the e-voting and physical voting through ballots conducted at the AGM of the Company shall be disseminated to the stock exchange and shall also be uploaded on the website of the Company as well as on the website of Link Intime India Pvt. Ltd., being the agency appointed for providing the e-voting platform.

For Speedage Commercials Limited

MEENAKSH Digitally signed by MEENAKSHI BHANSALI I BHANSALI Date: 2021.09.29 14:59:32 +05'30'

Meenakshi J. Bhansali Director DIN - 06936671