Sundram Fasteners Ltd. — AGM Information 2024

Aug 9, 2024

Sundram Fasteners Limited REGi£rERED & CORPORATE OFFICE

Email: investorshelpdesk@sR.co.in

98-A. VII FLOOR DR. RADHAKRISHNAN SALAI. MYLAPORE. CHENNAI . 600 004. INDIA TtLEPHONE , +91 . 44 . 28478500 PAN : AAACS8779D CIN : L3599nN1962PLC004943 WEBSITE : www.3undram.com

August 9, 2024

National Stock Exchange of India Limited (NSE)

Scrip symbol - SUNDRMFAST Exchange Plaza, 5th Floor Plot No.C/1, G Block Bandra Kurla Complex, Bandra (East) Mumbai – 400 051

BSE Limited (BSE)

Scrip Code - 500403 Phiroze Jeejeebhoy Towers DalaI Street, Fort Mumbai – 400 001

By Listing Centre

By NEAPS

Dear Sir / Madam,

Compliance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Summary of proceedings of 61st Annual General Meeting held today, August 9, 2024 (Friday)

The 61st Annual General Meeting (AGM) of the Members of the Company was held today (Friday, August 9, 2024) at 10.00 a.m. IST through Video Conferencing and Other Audio-Visual Means (VC / OAVM) and the businesses mentioned in the Notice dated May 22, 2024 convening the AGM were transacted .

In this regard, proceedings of the Annual General Meeting are enclosed.

Please take the above information on record.

Thanking you,

Yours truly, For SUNDRAM FASTENERS LIMITED

GOPALAKRISHN AN ANAND BABU Digitally signed by GOPALAKRISHNAN ANAND BABU Date: 2024.08.09 11:51:21 +05'30'

G Anand Babu Senior Manager – Finance & Company Secretary

Summary of proceedinqs of 61st Annual General Meeting held on Auqust 9, 2024

The 61st Annual General Meeting of the members of Sundram Fasteners Limited C'the Company') was held today (August 9, 2024) through Video Conferencing / Other Audio-Visual Means (VC / OAVM) at 10.00 a.m. IST in accordance with the circulars dated April 8, 2020, April 13, 2020, May 5, 2020, June 15, 2020, September 28, 2020, January 13, 2021, June 23, 2021, December 14, 2021, May 5, 2022, December 28, 2022 and September 25, 2023 issued by the Ministry of Corporate Affairs (MCA Circulars)

Sri Suresh Krishna, Chairman of the Board of Directors, occupied the Chair. The Chairman called the meeting to order as the requisite quorum was present.

The Chairman informed that the Chairperson of the Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee were present in the meeting through Video Conference / Other Audio Visual Means (VC / OAVM). The Chairman also stated that the Statutory Auditor, Cost Auditor and the Secretarial Auditor were present in the meeting through VC / OAVM.

The Register of Members, Register of Directors and Key Managerial Personnel and their shareholdings in terms of Section 170 read with Section 171 of the Companies Act, 2013 and the Register of Contracts in terms of Section 189 of the Companies Act, 2013, the Register of Investments under Section 186 of the Companies Act, 2013, the Auditor's Report and the Secretarial Audit Report were made available for inspection by the shareholders till the conclusion of the meeting through a separate link provided by National Securities Depository Limited (NSDL).

With the permission of the Members present, the Notice to the Shareholders dated May 22, 2024 calling for the 61st Annual General Meeting was taken as read. The Chairman informed that the Independent Auditor's Report and Secretarial Auditor's Report were free from any qualifications. Accordingly, the Independent Auditor's Report, the Secretarial Auditor's Report and its annexure was also taken as read in terms of Section 145 of the Companies Act, 2013, as they were made available with the shareholders.

The Chairman highlighted various aspects of the operations of the Company, performance for the financial year 2023-2024, dividend paid and outlook for the future.

After conclusion of the speech, Chairman requested those shareholders who were registered to speak at the meeting to submit their queries. Clarification was provided to the members by the Chairman on the queries raised by the registered speaker shareholders.

Resolution	Subject
No
Ordinary Business (Ordinary Resolution)
	Adoption of Audited Financial Statement including the Consolidated Financial Statement, Reports of the Board of Directors and Auditors for the financial year ended March 31, 2024

The following businesses were transacted at the meeting:-

	Subject
	Re-appointment of Ms Arathi Krishna (DIN: 00517456) who retires by rotation and being eligible offers herself for re-appointment as a Director of the Company
Special Business (Ordinary Resolution)
	Ratification of remuneration payable to the Cost Auditor for the financial year ending March 31, 2025

The Chairman then offered to conduct the e-voting through the NSDL platform in order to provide an opportunity to those members who have not exercised their votes through remote e-voting. The e-voting was conducted for all the resolutions. The entire voting process including remote e-voting will be scrutinized by the Scrutinizer Sri K Sriram, Practicing Company Secretary on all the resolutions.

The Chairman informed the members that the consolidated results of e-voting would be announced within 2 working days and will be intimated to the Stock Exchange and posted on the website of the Company and the NSDL.

With the vote of thanks by Sri B Muthuraman, Director and upon completion of the voting process, the meeting ended at 10:54 a.m. IST.

Chairman thanked the shareholders and declared the meeting as concluded.