Swan Corp Limited — AGM Information 2021

Sep 15, 2021

(Formerly Swan Mills Limited)

6, Feltham House, 2nd Floor, 10 J. N. Heredia Marg, Ballard Estate, Mumbai 400001 . Tel.: 022-4058 7300 • Fax: +91-22-40587360· Email: swan@swan.co.in CIN. Ll7100MH 1909PLC000294

swanlnsefbse National Stock Exchange Limited, BKC, Mumbai - 400 051. Company code: SW ANENERGY

15th September, 2021 Bombay Stock Exchange Limited Fort, Mumbai - 400001. Company code: 503310

Dear SirlMadarn,

Sub: Summary of Proceedjngs of I 13th Annual General Meeting (AGM) Ref: Regulation 30 of the SEBI (LODR) Regulations 2 I

The 1 13th AGM of the Members of Swan Energy limited ('the Company') was held on Wednesday. 15th September, 2021 at 11.30 A.M. through Video conferencingl Other Audio-Conferuncing Means.

The summary of proceedings at the said AGM is as under:

• 1. Company Secretary took the roll call and confirmed that 50 shareholders, being requisite Quorum, are present online.
• 1. Mr. Navinbhai Dave, Chairman welcomed all the Directors & shareholders present and called the meeting to order.
• 1. The Chairman informed that Company has received Board Resolutions under section 113 of Companies Act, 2013 from 10 Corporate members holding 15,84,l3,500 Equity shares, which is 64.86% of the Company's total Equity Share Capital authorizing their representatives to attend the meeting. He, thereafter, with permission of the members, took Notice, along with explanatory statement and Auditors Reports, along with annexures, as read.
• 1. With permission of the Chair, Mr. Nikhil V. Merchant, Managing Director delivered his speech.
• 1. The Chairman narrated about the e-voting facility provided to the members and informed that those members who have not cast their votes through E-voting and are present on line, can cast their votes during the continuance of the AGM through e-voting facility and also till 15 Minutes after conclusion of the AGM.
• 1. The Chairman requested Mr. Sugavanarn Padmanabhan, Whole Time DireCtor, to update the shareholders on FSRU Project.
• 1. Mr. Sugavanarn Padmanabhan updated the shareholders with the latest status of the FSRU Project.
• 1. The Chairman then requested the NSDL to allow speaker shareholders to speak. 5 shareholders spoke.
• 1. On request ofthe Chairman, NSDL played a video, as received from one of the shareholders.
• 1. The Chairman requested Mr. Chetan Selarka, CFO to reply to the questions/clarifications of the shareholders.
• 1. Mr. Chetan Selarka, CFO replied to the questions / clarifications of the shareholders.
• 1. The Chairman then moved following Agenda items individually and informed that the company has received intimations from shareholders, proposing and seconding the respective resolutions, which will accordingly be recorded in the Minutes.
  • i. Adoption of IND AS compliant Financial Statements (standalone & consolidated) for the year ended 31 st March, 2021;
  • ii. Declaration of Dividend;
  • ii. Re-appointment of Mr. Paresh V. Merchant as Director, retiring by rotation;
  • iii. Ratification of Cost Auditor's Remuneration;
  • iv. Raising of Capital.
• l3. The Chairman informed that those members who have still not cast their votes, can still cast their votes through evoting facility, which will be available for 15 Minutes after conclusion of the AGM.
• 1. The Chairman informed that the Company has appointed Mr. Jignesh Pandya, Practicing Company Secretary, as the Scrutinizer for the entire process of E-voting, who will submit his Report on the results of the E-voting within 2 days from today, based on which, he will declare the results of the E-voting. He further declared that the meeting shall be deemed to be concluded after he declares results witqin 2 days from today.
• 1. Mr. Nikhil V. Merchant, Managing Director of the Company proposed a hearty vote of thanks to the Chairman.
• 1. The Company Secretary stated that as declared by the Chairman, the 113th AGM shall be deemed to be concluded after the results of e-voting are declared. Thereafter, the online proceedings of the 113th AGM ended at 12.08 P.M.

Thanking You, Yours faithfully, For Swan Energy Limited

D b. ~ Company Secretary