Subros Ltd. — AGM Information 2021

Sep 14, 2021

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SL/BSE/NSE/2021-22

September 14, 2021

The Manager , Dy. General Manager, Listing Department, Department of Corporat e Services, National Stock Exchange of India Ltd., BSE Limited , ‘Exchange Plaza’ C-1, Block G , First Floor, P.J. Towers, Bandra-Kurla Complex, Bandr a (E), Dalal Street, Fort, Mumbai-400 051. Mumbai – 400001. Security ID: SUBROS Security ID: 517168

Dear Sir/ Madam,

Sub: Proceedings of 36[th] Annual General Meeting of the Members of the Company

In terms of General Circulars N o. 14/2020 dated April 8, 2020; No. 17/2020 d ated April 13, 2020; No. 20/2020 dated May 5, 2020 an d No. 02/2021 dated January 13, 2021 issued b y the Ministry of Corporate Affairs and in compliance with o ther applicable provisions of the Companies A c t, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), the 36[th] Annual General Meeting of Subros Limited (“the C ompany”) was held on Tuesday, 14[th] Septembe r , 2021 at 11.30 a.m. (IST) (‘AGM’) through Video Confere n cing / Other Audio Visual Means (‘OAVM’) to transact the business as stated in the Notice of AGM. The summary of the proceedings of the AGM as required in terms of Regulation 30 of the Listing Regulations is e n closed herewith as Annexure A.

A copy of the same is a lso being made available on the websit e of the Company at www.subros.com/investors.html.

Kindly take the same on your re c ord.

Thanking you,

Yours faithfully, For SUBROS LIMITED

X Rakesh Arora Company Secretary

Encl: as above

SUBROS LIMITED Corporate & Regist e red Office: LGF, World Trade Centre, Barakhamba Lane, N ew Delhi 110001 (India). Tel: 2341 4946-49 | Fax: 01123414945 Website:www.subros.com |CIN: L7489 9 DL1985PLC020134

Annexure-A

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SUMMARY OF PROCEEDINGS OF 36[TH] ANNUAL GENERAL MEETING (“AGM”) OF SUBORS LIMITED

The 36[th] Annual General Meetin g of the Company was held on Tuesday, 14[th] Se p tember, 2021 at 11.30 a.m. (IST) through Vide o Conferencing / Other Audio Visual Means (“OA V M”). The Meeting was conducted in accordance w ith the circulars issued by the Ministry of Corpor a te Affairs and the Securities and Exchange Board of India.

The Company Secretary welco m ed the Members and other dignitaries to the AGM and briefed them on certain points relating to thei r participation and voting in the meeting through OA V M.

The Company Secretary introdu c ed the Directors, auditors and the invitees present a t the AGM.

The Directors, statutory auditors, s ecretarial auditorcum-scrutinizer, cost auditors and senior management of the Company w e re present at the meeting through OAVM from their respective locations.

Ms. Shradha Suri, Chairperson & M anaging Director (“CMD”), extended a warm welcome to all the Shareholders / Members an d other invitees attending the AGM.

The CMD called the meeting to order as requisite quorum was present.

With the consent of the Mem b ers present, the Notice convening the AGM and the Auditors’ Report for the year ended March 31, 2 0 21 was taken as read. The Company Secretary informed that there was no qualification or advers e remark in the Statutory Auditors’ and Secretarial Auditors’ Report.

The CMD expressed profound grief and sorrow on the sad and sudden demise of M r. Ramesh Suri, Chairman of the Company. One m inute silence was observed to pay tribute to him. Th e n CMD made her opening remarks and speech cov e ring the overview of the global impact of Covid-19 p andemic, industry outlook, highlights of operating performance and future outlook of the Company.

In terms of the Notice c onvening the 36[th] AGM of the Company, the f o llowing businesses were transacted at the Me e ting through e-voting. All Resolutions were Ordinary Resolutions.

• i. Adoption of Audit e d Financial Statements (standalone and consolidated) of the Company for the financial year ended on March 31, 2021 together with the R eports of the Board of Directors and Auditor s ’ thereon.

• ii. To declare dividend on equity shares for the financial year ended o n March 31, 2021.

• iii. Re-appointment of D r . Jyotsna Suri, Director who retires by rotation.

• iv. To ratify and appro v e the remuneration of the Cost Auditors for the f inancial year 2021-22.

• v. Approve the materia l related party transactions with Global Autotech L imited.

• vi. Appointment of Mr. Parmod Kumar Duggal as Whole-time Director d esignated as CEO.

The Members present a t the Meeting were given an opportunity to ask questions and seek clarification(s). The CMD appropriately responded to the questions raised.

Post the question a n d answer session, the Company Secretary inf o rmed the Members about the e-voting process a nd that the consolidated voting results will be dis s eminated on website of the Stock Exchanges on w h ich the Company’s shares are listed and will also be made available on the website of t h e Company at www.subros.com/investors.html. and the National Securities Depository Li m ited.

The CMD then thank e d the Members for their continued support and for attending and participating in the AGM. She also thanked the Directors for joining the AGM. The e-voting facility was kept open for 1 5 minutes to enable the Members to cast their vo t e.

The meeting concluded a t 12.35 p.m. (including time of 15 minutes allowed f or e-voting) with a vote of thanks to the Chair.

SUBROS LIMITED Corporate & Regist e red Office: LGF, World Trade Centre, Barakhamba Lane, N ew Delhi 110001 (India). Tel: 2341 4946-49 | Fax: 01123414945 Website:www.subros.com |CIN: L7489 9 DL1985PLC020134