Steel Strips & Wheels Ltd — AGM Information 2021

Sep 30, 2021

STEEL STRIPS WHEELS LTD.

Works & Regd. Office VILL, SOMALHERI/LEHI, PO. DAPPAR, TEHSIL DERABASSI. 29 KIIS FROII CHANDIGARH ON CHANDIGARH.AMBALA HIGHWAY DISTT. I,4OHALI. PUNJAB (lNDIA) - 140 506 Tel. | +9'1 i1762) 275224.275173 Fax'. +91 (1762]' 275224 CIN: L27107PB1985PLC006159

Date: 30.09.2021

To

Department of Corporate Services, Exchange Plaza, Phiroze Jeejeebhoy Towers, ' Plot No. c/1, G Block, Dalal Street, Bandra-Kurla Complex,

scrip code: BSE: 513262 NsE Symbol: SSWL

Bombay Stock Exchange Ltd. The National Stock Exchange of India Ltd. Mumbai-400001 Bandra (E), Mumbai-400051

subject: Outcome and summary of proceedings of 35th Annual General Meeting.

Dear Sir,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 ("Listing Regulations"), we wish to inform you that, an Annual General Meeting of the members of the company was held today i.e. on 30.09.2021 at the Registered Office of the Company at Village Somalheri/ Lehli, P.o. Dappar, Tehsil Derabassi, Distt. S,A.S. Nagar, Mohali (Punjab) and the business as mentioned in the Notice dated 06.09.2021 was transacted.

In this regard, please find enclosed the following: -

Summary of Proceedings as required under Regulation 30, Part A of Schedule-III of the Listing Regu lations.

The meeting commenced at 11:00 AM and concluded at 01:00 PM.

Kindly take the same on your records for reference.

Thanking You

You rs faithfully,

For Steel StriDs Wheels Limited 2-+),' \bz,+' 17

(shaman jindal) Company Secretary M. No.:.A15397

Head Office: SCO 49-50, Sector-26, i., lMadhya Marg, Chandigarh-160 019 (lNDlA) fel. : +91-172-2793112 | 2792385 Fax : +91-172-2794834 | 2790887 Website : lrawv.sswlindia.com Email : admin@sswlindia.com Delhi Office : S-2, Second Floor, Vasant Square Mall, Comunity Centef, Pocket V Plot No. A Sector B, Vasant Kunj, New Delhi110 070, Phone-o114000037B, 377, 376 IlVd TIVIT

Summary of Proceedings of the 35rh Annual General Meeting (..AGM',) of Steel Strips Wheels Limited

The 35th Annual General Meeting ("AGM,,) of the Members of Steel Strips Wheels Limjted ("the Company") was held on Thursday, 3Oth day of September, 2021 at 11:OO AV lISf; ai tt" registered office of the company at village somalheri/Lehli p.o. Dappar, Tehsil Der;bas;i, Distt. S.A.S Nagar (Mohali), Punjab.

Following directors were present:

• 1. Sh. Dheeraj Garg Maiiaging Director
• 1. Sh. Andra Veetil Unnikrishnan, Deputy Managing Director,
• 1. Sh. Manohar Lal Jain- Executive Director
• 1. Sh. Virander Kumar Arya, Independent Director
• 1. sh. Ajit singh chatha- Independent Director (chairman of Audit committee, Nomination and Remuneratlon Committee & Stakeholders Relationship Committee)

In Attendance

• 1. Sh. Shaman Jindal Company Secretary
• 1. Sh. Naveen Sorot- Chief Financial Officer
• 1. Sh. Sushil Kumar Sikka Scrutinizer from Aud itor M/s S.K. Sikka & Associates and Secretarial
• 1. Sh. Kailash Narang- Statutory Auditor of the Company

It was informed that due to some pre-occupations, sh. Rajinder Kumar Garg. chairman, sh. sanjay Garg - Director, sh. surinder singh virdi, Independent Director, sh. shashi Bhusnan Gupta, Independent Director, sh. siddharth Bansal, Independent Director, smt. Deva Bharathi Reddy, Independent Director and sh. sanjay surajprakash sahni, (Nominee Director of rata steel Limited on the Board of the company) were unable to attend the meeting. The Directors present unanimously elected sh. Dheeraj Garg, Managing Director of the company as the chairman of the meeting. He took the chair, welcomed all the members present and introduced sh. Anora veetil unnikrishnan, Dy. Managing Director, sh. I4anohar Lal Jain, Executive Director, sh. virander Kumar Arya, Independent Director, sh. Ajit singh chatha, Independent Direcror, Chairman of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, sitting on the dais.

'The statutory Registers including Register of Directors, Key Managerial personnel and their shareholding and other documents related to the ordinary and special Business were made available for inspection. The secretarial .Auditor of the company had issued certificate on compliance of provisions relating to Employee Stock Option Scneme.

sh. sh-aman Jindal, company secretary, informed that the necessary quorum was present and thereafter the Chairman called the meetinq to order.

The chairman of the meeting addressed the members and they were briefed about the performance of the company for the Financial year zozo-zL. Thereafter the Notice of AGM and Auditors' Report were taken as read with the approval of the members present.

The Members were informed that the company had provided remote e-voting facility to;ll the members entitled to cast their vote i.e. persons who were members on 23.d seDtember,2o2L being the cut-off date, in respect of all the resolutions for the agenda items set out in the Notice of AGM, during the period from Monday, 27th September, 2021 (9:00 a.m.) to Wednesday, 29th September, 2021 (5:00 p.m), as per the provisions of the Companies Act, 2013, read with Companies (Management and Administration) Rules, 2014, as amended.

The members were informed that the Board of Directors of the Company had appointed Sh. Sushil K. Sikka, Practicing Company Secretary (Membership No. 4247 and C. p. No. 3582) proprietor of S. K. Sikka & Associates, as the Scrutinizer for the purpose of carrying out the remote e-voting process in a fair and transparent manner and for the voUng through ballot process at.the venue of the AGM.

It was further informed that in terms of the companies Act, 2013 and SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, members attending the AGM, who had not already cast their vote by remote e-voting were provided the option to exercise their right,to vote at the venue of the AGM th|/ough physical ballot on all the resolutions in respect of the agenda items set out in the Notice of AGN4.

Thereafter the Chairman explained the objective and implications of the resolutions before putting them to vote at the meeting and the following items of business, as per the Notice of AGM dated 06.09.2027, were read and during the course of meeting, as the Chairman was interested in respect of item no. 3, 7 & 8 as mentioned below, he requested Sh. Andra Veetil Unnikrishnan. Deputy Managing Director to chair the proceedings of the said agenda items and resumed the chair after the said item of business was transacted.

Further, sh. Andra veetil unnikrishnan being interested in item no. 4 & 9 and sh. Manohar Lal Jain being interested in respect of item no. 10, as mentioned below, did not participate in the proceedings of the meeting at the time when the said items were taken up.

Resolution	Resolution(s)
No,
Ordinary Business
1.	To receive, consider and adopt the AuditedStandalone Fina ncia I Statements of
	the Company for the financial year ended31't March, 2021 together with the
	Reports of the Board of Directors andthe Aud itors thereon (Ordinary
	Resolutign)
2.	To declare Dividend on Equity Shares for the financial year 2O2O-27 (Ordinary
	Resolution)
3.	To appoint a Director in place of Sh. Rajinder Kumar carg (DIN:00034827), who
	retires by rotation and being eligible, offers himself forre-appointment
	(Ordinary Resolution)
	To appoint a Director in place of Sh. Andra Veetil Unnikrishnan (DIN: 02498195),
	who retires by rotation and bein0 eligible, offers himself for re-appointment
	(Ord!nary Resolution)
Special Business
5.	To ratify the remuneration of Cost Auditors for the Financial year 2O2I-22
	(Ordinary Resolution)
6.	To appoint Sh. Siddharth Bansal (DIN: 02909820),as Non-Executive
	Independent Director of the Company to hold office for aperiod commencing
	from 09.11.2020 to 30.09.2025 (Ordinary Resolution)
7.	To approve the continuation of Directorshipof Sh. Rajinder Kumar Garg (DIN:
	00034827), as Chairman and Non-ExecutiveDirector of the Company (Special
	Resolution)
8.	To approve revlsion in the remuneration of Sh. Dheeraj Garg (DIN: 00034926),
	Manaqinq Director of the ComDanv (SDecial Resolution)

The following business was transacted at the meeting:

9.	To approve revision in the remuneration of Sh. Andra Veetil Unnikrishnan (DIN:02498195), Deputy Managing Director of the Company (Ordinary Resolution)
10.	To approve revision in the remuneration of Sh. Manohar Lal Jain (DIN:00034591), Exegutive Director of the Company (Special Resolution)
11.	To approve to introduce and implement "Steel Strips Wheels Limjted- EmploveeStock .Option Scheme 2021" C'ESOS 2021") to create, issue, offer and grantStock Options to Employees of the Company exercisable into equal number ofequ ity shares. (Special Resolution)
	To approve sub-division of 1 (One) Equity Share of face value of Rs. 1Ol- eachinto 2 (Two) Equity Shares of face value of Rs. 5/- each (Ordinary Resplution)
	To approve alteration of Capital Clause of Memorandum of Association of theCompany to effect the sub-division of equity shares of the Company (OrdinaryResolution)
74.	To adopt new set of Articles of Association of the Company containing regulationsin conformity with the Companies Act, 2013 (Special Resolution)

Before orderjng the poll, the chairman invited the shareholders for their queries.and observations. After answering the queries of the shareholders, he ordered poll and requested all the memDers who have not already exercised their voting rights, to cast their votes using ballot papers.

After the completion of the poll process. the chairman authorized the company secretary ro declare the results after considering the remote e-voting and voting through ballot by the lvlembers present in the meeting and place the same on the website of the company and also on the E-voting agency (Link Intime India private Limited) website.

The members were further informed that the voting results will be notified separately to stock exchanges in the format prescribed under Regulation 44 (3) of sEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 after.the scrutinizers report will be received by the company and the same will be uploaded on company and E-voting agency's (Link Intime india Private Limited) website.

In conclusion of-the AGM, chairman on behalf .of the Board of Directors of the company appreciated the presence of the members and thanked them for the trust and belief in rne Company and declared the meeting as closed. The meeting concluded at 1:OO p.lvl.

Kindly take the same on your records for reference.

Tha nliing You

Yours faithfully,

For Steel Strips Wheels Limited

C.-*+r- -IZ' -./'

(Shaman J inda l) Company Secretary M. No. : 415397