Tilaknagar Industries Ltd — Board/Management Information 2021

Jul 28, 2021

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CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3[rd] Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra-400 020 Email : investor@tilind.com, Website: www.tilind.com, Phone: +91 22 22831716/18, Fax: +91 22 22046904

Ref: TI/SE/COMP/21-22 July 28, 2021

BSE Limited, National Stock Exchange of India Ltd., The Corporate Relationship Dept, Exchange Plaza, 1[st] Floor, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex, Dalal Street,Mumbai – 400 001. Bandra (East), Mumbai - 400 051. Scrip Code: 507205 Scrip Code: TI

Dear Sir/s

Sub.: Outcome of the Circular Resolutions passed by the Board of Directors

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we would like to inform that the Board of Directors through circular resolutions passed on July 28, 2021 has approved the following proposals:

A. Re-appointment of Independent Woman Director:

The Board of Directors on recommendation of the Nomination and Remuneration Committee has approved the re-appointment of Ms. Aparna Praveen Chaturvedi (DIN: 00028647) as an Independent Woman Director for a second term of five consecutive years with effect from July 31, 2021 upto July 30, 2026, subject to approval of the Shareholders of the Company.

Ms. Aparna Praveen Chaturvedi is not debarred from holding the office of a Director by virtue of any SEBI order or any other authority. Further, the additional details as required under the Listing Regulations are enclosed at Annexure –A.

B. Allotment of upto 9,39,254 equity shares pursuant to ESOP Scheme

The Board has also approved an allotment of 9,39,254 equity shares having face value of Rs. 10/- each to employees of the Company pursuant to exercise by such employees to the vested options granted to them under ESOP Scheme 2010 and ESOP Scheme 2012. Post aforesaid allotment, the paid-up capital of the Company is Rs. 1,40,27,76,090 divided into 14,02,77,609 equity shares of face value Rs.10/- each.

The said equity shares allotted shall rank pari-passu in all aspects with the existing equity shares of the Company and be listed on the National Stock Exchange of India Limited and BSE Limited.

Kindly take the same on your record.

Thanking you.

Yours faithfully,

For Tilaknagar Industries Ltd.

SHEKHAR Digitally signed by SHEKHAR RAMJEET SINGH DN: c=IN, o=Personal, pseudonym=9d802484a61891f05a34f8312e2d51f1f0b5d1bb3ca1c 6d5ff5afa050170df88, postalCode=400066, st=MAHARASHTRA, serialNumber=b35a0382a16a37158fe5f7b1555932b62916fd1d5ef RAMJEET SINGH 81cb365dd31088c8a8a5c, cn=SHEKHAR RAMJEET SINGH Date: 2021.07.28 11:25:12 +05'30'

Shekhar R Singh Company Secretary

Encl.: as above

Annexure – A

Additional details as required under the Listing Regulations

RE-APPOINTMENT OF MS. APARNA PRAVEEN CHATURVEDI (DIN: 00028647) AS AN INDEPENDENT WOMAN DIRECTOR

Sr. No.	Details required	Details required	Particulars
1	Reason for change		Re-appointment as an Independent Woman Director on completion of the first term.
2	Date and term of appointment~~/cessation~~		Re-appointment as an Independent Woman Director for a second term of five consecutive years with effect from July 31, 2021 upto July 30, 2026, subject to approval of the Shareholders of the Company.
3	Brief profile		She is having industry experience of more than 35 years with Financial Institutions viz. UTI AMC Ltd. (Mutual Fund), ASREC (Asset Reconstruction Company) and PICUP (State Financial Corporation). She has been member of various committees constituted by Ministry of Finance, Association of ARCs, etc. She is having vast experience in fund management (domestic and offshore funds), raising offshore funds, resolution & reconstruction of non- performing and stressed assets, project appraisal & financing, credit rating, private equity investments, corporate insolvency, equity research, marketing of mutual fund products and sales resources training etc.
4	Disclosure of relationships between Directors		Ms. Aparna Praveen Chaturvedi is not related to any of the Directors / Promoters/ KMPs of the Company.