STRIDES PHARMA SCIENCE LIMITED — AGM Information 2023

Aug 28, 2023

August 28, 2023

The BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.

Scrip Code: 532531

The National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051.

Scrip Code: STAR

Dear Madam/ Sir,

Sub : Proceedings of the 32[nd] Annual General Meeting (AGM) of the Company

We wish to inform you that the 32[nd] AGM of the Company was held on Monday, August 28, 2023, through Video Conference.

Pursuant to Regulation 30, Part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed summary of proceedings of AGM.

This is for your information and records.

Thanks & Regards, For Strides Pharma Science Limited

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Digitally signed by MANJULA MANJULA RAMAMURTHY RAMAMURTHY Date: 2023.08.28 17:19:20 +05'30' Manjula Ramamurthy Company Secretary ICSI Membership No.: A30515

Encl. as above

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SUMMARY OF PROCEEDINGS OF 32[ND] ANNUAL GENERAL MEETING OF THE COMPANY HELD ON MONDAY, AUGUST 28, 2023, FROM 12:30 HRS TO 14:00 HRS THROUGH VIDEO CONFERENCE.

Present:

Name	Designation	Attended through VC from
Mr. Arun Kumar	Founder, Executive Chairperson & Managing Director	Strides’ Corporate Office, Bengaluru
Mr. Badree Komandur	Executive Director – Finance & Group CFO
Ms. Manjula Ramamurthy	Company Secretary
Dr. Kausalya Santhanam	Independent Director and Chairperson of CSR Committee	Bengaluru
Mr. S. Sridhar	Independent Director and Chairperson of Audit Committee	Mumbai
Mr. Homi Khusrokhan	Independent Director and Chairperson of Risk Management Committee
Mr. Bharat Shah	Independent Director and Chairperson of Nomination and Remuneration Committee and Stakeholders’ Relationship Committee

In attendance:

Mr. Sampad Guha	From B S R & Co. LLP, Chartered Accountants, Statutory Auditors of the Company	Mumbai
Mr. Deepak Baid		Bengaluru
Mr. Bhanu Prakash & Mr. Anup Thomas	From Grant Thornton Bharat LLP, Internal Auditors of the Company	Bengaluru
Mr. Gigi Joseph K J	Scrutinizer for E-voting Process

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Company Secretary welcomed the Shareholders to the 32[nd] Annual General Meeting (‘AGM’) of the Company and introduced Directors and other invitees present in the meeting to the Shareholders.

Company Secretary confirmed that requisite quorum was present and requested Mr. Arun Kumar to conduct the meeting.

Mr. Arun Kumar chaired and called the meeting to order.

Mr. Arun Kumar greeted the Shareholders and provided a brief presentation on Company’s performance for the financial year ended March 31, 2023, amongst other matters.

As AGM Notice and Annual Report for FY23 were already circulated to all Shareholders, AGM Notice convening the meeting, Board’s Report and Auditor’s Report were taken as read.

Shareholders were informed that:

• 1) Auditor’s Report for the Consolidated and Standalone statements of the Company for the financial year ended March 31, 2023, does not contain any qualification, observations or adverse comments.

• 2) Requisite Statutory Registers and other documents referred to in the AGM Notice were available for inspection electronically by the Shareholders.

• 3) Certificate from Secretarial Auditor of the Company, certifying that the existing ESOP Scheme of the Company have been implemented in accordance with SEBI Regulations and in line with Shareholders’ approval, was also available for e-inspection.

Thereafter, Speaker Shareholders who had registered with the Company for speaking at the AGM were provided opportunity to express their views or ask their queries about the Company and Agenda Items of the AGM.

Queries were adequately responded by Mr. Arun Kumar.

Thereafter, following items of business as mentioned in the AGM Notice were transacted at the meeting:

#	Resolutions Description	Type of
		Resolution
Ordinary Business
1	Adoption of Audited Financial Statements for the Financial Year ended March 31, 2023	Ordinary
2	Declaration of Dividend for the Financial Year ended March 31, 2023	Ordinary
3	Re-appointment of Mr. Arun Kumar (retiring Director) as Director of the Company	Ordinary

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Special Business	Special Business
4	Payment of Commission to Non-Executive Directors (including Independent Directors) of the Company for Financial Year ended March 31, 2023	Ordinary
5	Payment of Commission to Non-Executive Directors (including Independent Directors) of the Company in the case of inadequacy of profit	Ordinary
6	Payment of Variable Pay to Mr. Arun Kumar, Executive Chairperson and Managing Director of the Company for the Financial Year ended March 31, 2023	Special
7	Revision in remuneration of Mr. Arun Kumar, Executive Chairperson and Managing Director of the Company	Special
8	Remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditors of the Company for the Financial Year ended March 31, 2023	Ordinary

All the agenda items of the AGM Notice dated May 25, 2023 were completed at 13:30 hrs with a vote of thanks by the Chair. After that Shareholders were given the facility to vote on the KFin Technologies Limited platform for the next 30 minutes.

Scrutinizer for remote e-voting process and e-voting at the AGM was Mr. Gigi Joseph, Partner of M/s. Joseph and Chacko LLP, Company Secretaries, Bengaluru.

Shareholders were informed that e-voting results along with Scrutinizer’s Report would be declared within two working days of conclusion of the AGM.

For Strides Pharma Science Limited,

Digitally signed by MANJULA MANJULA RAMAMURTHY RAMAMURTHY Date: 2023.08.28 17:18:45 +05'30' Manjula Ramamurthy Company Secretary ICSI Membership No.: A30515

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