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Tilaknagar Industries Ltd AGM Information 2020
60357_rns_2020-12-29_34ae4731-449a-45cf-ae52-d77397dc323b.pdf
AGM Information
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Ref: TI/COMP/2020-21 December 29, 2020
BSE Limited The Corporate Relationship Dept, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street,- Mumbai-400 001. Scrip Code : 507205
National Stock Exchange of India Ltd Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051. Scrip Code : TI
Dear Sir,
Sub: Proceedings of the 85' Annual General Meeting (the AGM)
We are pleased to inform you that the AGM of the Members of the Company was held on Tuesday, December 29, 2020 at 10.30 a.m. through Video Conferencing/Other Audio Visual Means to transact the businesses as stated in the Notice dated November 13, 2020.
In this regard, proceedings of the AGM as required under Regulation 30, Part - A of Schedule III of the SEBI (LODR) Regulations, 2015 are enclosed herewith as Annexure - 1.
This is for your information and records.
Thanking you,
Yours faithfully, For Tilaknagar Industries Limited
Digitally signed by AMIT AMIT DAHANUKAR DAHANUKAR Date: 2020.12.29 14:49:07 +05'30'
Amit Dahanukar Chairman & Managing Director
Encl.: as above
Corp. Office: Industrial Assurance Building, 3° Eloor, Churchgate, Mumbai, Maharashtra - 400 020, India P +91 (22) 2283 1716/18 F +91 (22) 2204 6904 E [email protected]
Regd. Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra - 413 720, India P +9] (2422) 265 123 / 265 032 F +91 (2422) 265 135 E [email protected]
Annexure - 1
SUMMARY OF THE PROCEEDINGS OF THE 85" ANNUAL GENERAL MEETING
The 85" Annual General Meeting (AGM or Meeting) of the Members of the Company was held on Tuesday, December 29, 2020 at 10.30 a.m. IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM) and concluded at 11.25 a.m.
Mr. Amit Dahanukar, Chairman & Managing Director of the Company, greeted the Members and chaired the proceedings at the AGM.
As the requisite quorum was present, the Chairman called the Meeting to order. Thereafter, he introduced other directors who joined the Meeting from various locations. All the directors including the respective Chairpersons of the Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee etc., were also present at the AGM except Dr, Ravindra Bapat, Independent Director unable to attend the Meeting due to personal commitments.
The Chairman welcomed new Members on the Board viz. Ms. Swapna Vinodchandra Shah as a Non-Executive Director, Ms. Aparna Praveen Chaturvedi as an Independent Director and Mr C R Ramesh as a Whole- time Director.
The Chairman informed that in view of the restrictions due to outbreak of COVID-19 and considering the social distancing norms, the AGM was conducted through VC / OAVM. This meeting has been convened and being conducted in accordance with the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI). The Chairman informed that the Company had tied up with Central Depository Services (India) Limited (CDSL) to provide facility for voting through remote e-voting, e-voting during the AGM and participation in the AGM through VC / OAVM facility.
The Company's Statutory Auditors, Secretarial Auditors and Advocate R. T. RajGuroo, Scrutinizer were also present at the Meeting.
Total 35 (Thirty Five) Members attended the AGM as per the records of the attendance.
Thereafter, the Notice dated November 13, 2020 convening the 85"" AGM was taken as read with the consent of the Members present as there were no qualifications, observations or other remarks made by the Auditors in their Report on the Financial Statements (both Standalone and Consolidated) or by the Secretarial Auditor in his Secretarial Audit Report, which may have any adverse effect on the functioning of the
Corp. Office: Industrial Assurance Building, 3rd Floor, Regd. Office: P.O. Tilaknagar, Tal. Shrirampur, Churchgate, Mumbai, Maharashtra - 400 020, India Dist. Ahmednagar, Maharashtra - 413 720, india E [email protected] E [email protected]
P +91 (22) 2283 1716/18 F +91 (22) 2204 6904 P +91 (2422) 265 123 / 265 032 F +91 (2422) 265 135
The Chairman then delivered his speech to the Members giving highlights of the Company's performance during the Financial Year 2019-20. Thereafter, the Members who had registered themselves as Speakers and were attending the Meeting through VC/ ~ OAVM, expressed their views and made enquires in the operations and financial performance of the Company and the related matters. The Chairman responded to the queries and provided necessary clarifications to the same.
| Company. As good corporate practice, the Auditors' Report on the Financial Statementsand the Secretarial Audit Report were read out and taken as read. | ||||
|---|---|---|---|---|
| TheCompany'sOAVM,theof | MembersChairmanspeechdeliveredthengivingthehistoperformance2019-20.Thereafter,duringYearFinancialthewho had registered themselves as Speakers and were attending the Meeting through VC/madeexpressedoperationsviewsenquiresandtheirtheinperformance of the Company and the relatedmatters. The Chairmanqueries and provided necessary clarifications to the same.The Chairman informed that the remote e-voting facility was provided to all the MembersCompanyDecemberSaturday,2020(10:00froma.m.IST)26, | highlightstheofMemberstheandfinancialrespondedto theMonday,to | ||
| December 28,during the AGM2020was also(5:00and a facility of votingp.m.IST) | ||||
| provided to the Members who had not voted earlier. Thereafter, the following businesses | ||||
| 2020 convening the AGM were transacted andas set out in the Notice dated June 20,passedwith requisite majority: | ||||
| No. | si. Particular | Type ofResolution | ||
| ORDINARY BUSINESS | ||||
| 1 | StatementsAdoption(standalone andof the auditedFinancialconsolidated) of the Company for the financial year ended March31, 2020, Auditors' Report thereon and the Directors' Report | Ordinary | ||
| 2 | Re-appointmentDahanukarShivaniAmitMrs.of00305503), as a Director of the Company,(DIN:liable to retireby rotation. | Ordinary | ||
| SPECIAL BUSINESS | ||||
| RemunerationCMAShashikant3 RatificationNetraof theDrofApte, Cost Accountants for the financial year ending 31st March,2021. | Ordinary | |||
| 4° Appointment of Ms. Aparna Praveen Chaturvedi (DIN: 00028647)as an Independent Woman Director of the Company for a term of1 (One) year commencing from July 31, 2020 upto July 31, 2021(both days inclusive) | Ordinary |
Churchgate, Corp. Office: Mumbai, Industrial Maharashtra Assurance Building, - 400 020, 3" Eloor, India E [email protected] E [email protected]
Regd. Dist. Ahmednagar, Office: P.O. Maharashtra Tilaknagar, Tal. - 413 Shrirampur, 720, India P +91 (22) 2283 1716/18 F +91 (22) 2204 6904 P +91 (2422) 265 123 / 265 032 F +91 (2422) 265 135
| TILAKNAGAR INDUSTRIES LTD. | |
|---|---|
| 6 Re-appointment of Mr.Mhatre (DIN:07527683)Kishorekumar GIndependentsecondtermDirectoranfiveas(5)forofacommencingconsecutive2021yearsfromJuneto June9,8,2026 (both days inclusive) | Special |
| 7 Re-appointment of Mr.Amit Dahanukar00305636)(DIN:as aCompany andChairmanManagingDirectorof thefixing&his(3) years commencing fromremuneration, for aperiodof threeNovember 7, 2020 to November 6, 2023 (both days inclusive) | Special |
| 8 AppointmentChemanglaRamcharRamesh(DIN:Mr.ofof the Company and fixing08876738) as a Whole -time Directorcommencingremuneration,yearsperiodof threefor a(3)hisNovemberNovember20202023fromdays(both13,12,toinclusive) | Special |
| 9 PaymentCommissionNon-Executive(includingoftoIndependent) Director of the Company | Ordinary |
| 10 Alteration in the Articles of Association of the Company | Special |
| 11 Issue of Equity Shares of the Company on Preferential Basis | Special |
The Chairman informed the Members that the consolidated e-voting results will be declared as per the details given in the Notice and concluded the proceedings of the Meeting after thanking the Directors and the Shareholders for joining the Meeting. The Meeting was concluded with a vote of thanks to the Chair. The e-Voting facility was kept open for the next 15 minutes to enable the Members to cast their votes.
The Chairman thanked the Shareholders for attending and participating in the Meeting and also the employees of the Company, Government agencies and other stakeholders for their continued support.
Churchgate, Mumbai, Maharashtra - 400 020, India Dist. Ahmednagar, Maharashtra - 413 720, India E [email protected] E [email protected]
Corp. Office: Industrial Assurance Building, 3° Floor, Regd. Office: P.O. Tilaknagar, Tal. Shrirampur, P +91 (22) 2283 1716/18 F +91 (22) 2204 6904 P +91 (2422) 265 123 / 265032 F +91 (2422) 265 135