Swaraj Engines Ltd. — AGM Information 2020

Jul 21, 2020

SWARAJ ENGINES LIMITED

Works: Plot No. 2, lndl. Focal Point, Phase-IX, SAS. Nagar Distt. SAS. Nagar {Mohali) (Near Chandigarh) Tel.: 0172-2234941-47, 2234950

02/SP/EXCH 21st July, 2020

BSE Limited Listing Department P.J. Towers, P1Floor, Dalal Street, Fort, Mumbai - 400 001 Email: corp.relations@bseindia.com National Stock Exchange of India Limited Capital Market-Listing, Exchange Plaza, Sandra Kurla Complex, Sandra (E), Mumbai-400051 Email: cmlist@nse.co.in

Ref: Scrip Code: 500407

Scrip Name: SWARAJENG

SUB: Summary of Proceedings of 34th Annual General Meeting

Dear Sir,

With regard to the Company's 34th Annual General Meeting (AGM) held on 20th July, 2020, we are herewith submitting summary of proceedings of the AGM pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is for your information and records.

With regards

For Swaraj Engines Limited

(Jv\L~

(Rajesh K. Kapila) Company Secretary

Swaraj Engines Limited

Summary of the proceedings of 34th Annual General Meeting of the Company held on 20th July, 2020

The 34th Annual General Meeting (AGM) of the Company was held on Monday, the 20th July, 2020 at 2.30 P.M. through Video Conferencing and Other Audio Visual Mean ("VC") in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the General Circular No. 14/2020 dated 8th April, 2020, General Circular No. 17/2020 dated 13th April, 2020 and General Circular No. 20/2020 dated 5th May, 2020 issued by the Ministry of Corporate Affairs ("MCA"), and SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020l79 dated 12th May, 2020 (collectively referred as "Circulars").

The following Directors were present:

Name of the Director	Designation	Attended throughVC from
1. Mr. Sudhir Mankad	Independent Director and Chairman	Gandhi Nagar
2. Dr. Pawan Goenka	Non-Executive Non-Independent Director	Mumbai
3. Mr. R.R.Deshpande	Non-Executive Non-Independent Director	Pune
4. Mr. Vijay Varma	Non-Executive Non-Independent Director	Pune
5. Mr. Rajesh Jejurikar	Non-Executive Non-Independent Directorand Chairman of StakeholdersRelationship Committee	Mumbai
6. Mr. S. Durgashankar	Non-Executive Non-Independent Director	Mumbai
7. Mr. Dileep Choksi	Independent Director and Chairman ofAudit Committee and Nomination andRemuneration Committee	Mumbai
8. Mrs. Neera Saggi	Independent Director	Mumbai
9. Mr. Harish Chavan	Non-Executive Non-Independent Director	Mumbai

In attendance - Company Executives:

Name of the Executive	Designation	Attended throughVC from
1. Mr. M.S.Grewal	Chief Executive Officer	S.A.S.Nagar (Mohali)
2. Mr. Rajinder Arora	Chief Financial Officer	S.A.S.Nagar (Mohali)
3. Mr. Rajesh K. Kapila	Company Secretary	S.A.S.Nagar (Mohali)

In attendance - Others:

Name	Designation	Attended throughVCfrom
1. Mr. Shirish Rahalkar	Partner, B.K.Khare & Co., StatutoryAuditors	Mumbai
2. Mr. Ajay K. Arora	Secretarial Auditor and Scrutinizer	Chandigarh

Mr. Sudhir Mankad, Chairman of the Company, chaired the meeting. With the permission of the Chairman, the Company Secretary informed the Members that in accordance with the Circulars issued by MCA and SEBI, this meeting is being held through VC and all the Directors, key executives of the Company, statutory auditors and secretarial auditors have joined the meeting from their respective locations.

The Chairman welcomed the Members and requested the other Directors present at the AGM to introduce themselves. The Chairman then confirmed that the requisite quorum is present and called the meeting to order and delivered his speech to the Members. The Notice convening the 34th AGM and Annual Report of the Company for the financial year ended 3P1 March, 2020 were taken as read.

The Chairman then informed that any of the Members participating in the Meeting who has not exercised remote e-voting facility earlier, can exercise their right through e-voting facility available during the Meeting.

Thereafter, the Company Secretary informed the Members that remote e-voting was facilitated through National Securities Depository Limited (NSDL) during 16th -19th July, 2020 on all the items of agenda as set out in the Notice related to today's AGM. He further informed the Members that Auditors have issued a clean report on the Accounts of the Company.

S.No.	Particulars	Nature of business
1	To receive, consider and adopt the Audited FinancialStatements of the Company for the financial year ended31st March, 2020 and the Reports of the Board of Directorsand Auditors thereon	Ordinary Business
2	Declaration of Dividend on Equity Shares.	Ordinary Business
3	Re-appointment of Mr. Rajesh Jejurikar (DIN: 00046823) asa Director, who retires by rotation and, being eligible, offershimself for re-aooointment.	Ordinary Business
4	Re-appointment of Mr. RR.Deshpande (DIN: 00007439) asa Director, who retires by rotation and, being eligible, offershimself for re-aooointment	Ordinary Business
5	Appointment of Mr. Harish Chavan (DIN: 06890989) asDirector of the Company	Special Business
6	Ratification of the remuneration payable to Messrs V.Kumar& Associates, Cost Accountants (Firm Registration Number100137), appointed as the Cost Auditors of the Companyfor the Financial Year ending 31st March, 2021	Special Business

The following business was transacted at the meeting:

The Chairman then informed that the Members that the voting results (remote e-voting and evoting held at AGM) would be announced within 48 hours and also be intimated to Stock Exchanges and posted on the website of the Company and NSDL.

Thereafter, the Chairman invited comments from the Members and clarifications were provided to their queries.

The Chairman then thanked the Members and declared the meeting as closed. The meeting concluded at 3.25 P.M. /4f::{:;l17•>· I'- ' ' (.l f h ·- , ·'·· , ......... -· . !{~(•

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