Tips Films Limited — AGM Information 2022

Dec 27, 2022

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December 27, 2022

To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited P.J Towers, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E), Mumbai – 400 050 Scrip Code: 543614 Symbol: TIPSFILMS

Sub: Proceeding of 13[th] Annual General Meeting of the Company

Dear Sir / Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that 13[th] Annual General Meeting (AGM) of the Company was held today i.e. Tuesday, December 27, 2022 at 11.00 a.m. through Video Conferencing ('VC'). The meeting was held in compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India and as per the applicable provisions of the Companies Act, 2013 and the Rules made thereunder.

Mr. Kumar Taurani, Chairman & Executive Director of the Company, chaired the Meeting. The Chairman welcomed the shareholders to the Meeting and on requisite quorum being present, called the Meeting to order.

The Chairman introduced all the Directors. The Directors of the Company were present at the Meeting through VC from their respective locations. The Chairman informed that Statutory Auditors, Secretarial Auditor and Scrutinizers were also present at the Meeting through VC.

With the consent of the Members present, the Notice convening the AGM and the Auditor's Report for the year ended March 31, 2022 were taken as read. There were no qualifications, observations or adverse remarks in the Auditor's Report.

The Chairman informed the members that Mr. Shirish Shetye, Practicing Company Secretary was appointed as scrutinizer to scrutinize the remote e-voting and the e-voting during the AGM.

The Chairman then invited the Members to express their views, ask questions and seek clarifications on the operations and financial performance of the Company. The Members were given an opportunity to speak in the order in which they had registered their names. The Chairman responded to the queries raised by them.

TIPS FILMS LTD.

501, Durga Chambers, 5th Floor, Linking Road, Khar (West), Mumbai 400052 Tel : 022- 6643 1188 Email : info@tipsfilms.in Website : www.tipsfilms.in CIN: U74940MH2009PTC193028

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The following businesses were transacted at the Meeting:

ORDINARY BUSINESS:

1. Adoption of Audited Financial Statements, Reports of the Board of Directors and Auditors for the financial year ended March 31, 2022.

2. Re-appointment of Mr. Kumar Taurani (DIN: 00555831), who retires by rotation and being eligible, offers himself for re-appointment.

3. Appointment of M/s. Maheshwari & Co., Chartered Accountants (Firm Registration No. 105834W) as Statutory Auditors of the Company for a period of five (5) consecutive years.

SPECIAL BUSINESS:

1. Change in Designation of Mr. Ramesh Taurani (DIN: 00010130) as a Managing Director of the Company for a period of three years w.e.f. May 02, 2022.

2. Appointment of Ms. Jaya Taurani (DIN: 08209186) as an Executive Director of the Company for a period of three years w.e.f. May 02, 2022.

3. Appointment of Mr. Kumar Taurani (DIN: 00555831) as a Chairman and Executive Director of the Company for a period of three years w.e.f. May 02, 2022.

4. Appointment of Mr. Venkitaraman Iyer (DIN: 00730501) as an Independent Director of the Company for a term of Five Consecutive years from May 02, 2022.

5. Appointment of Ms. Radhika Dudhat (DIN: 00016712) as an Independent Director of the Company for a term of Five Consecutive years from May 02, 2022.

6. Appointment of Mr. Vinode Thomas (DIN: 01893613) as an Independent Director of the Company for a term of Five Consecutive years from June 01, 2022.

7. Approval of Material Related Party Transactions with Tips Industries Limited.

8. Approval for Borrowing Powers pursuant to provisions of Section 180(1)(c) of the Companies Act, 2013 upto Rs. 200 Crores.

9. Approval for Creation of Charges, mortgages, hypothecation on the immovable and movable properties of the Company pursuant to provisions of Section 180(1)(a) of the Companies Act, 2013 upto Rs. 200 Crores.

The Chairman announced that the e-voting results along with the consolidated Scrutiniser’ Report shall be informed to Stock Exchanges and also be placed on the website of the Company and CDSL within two working days from the conclusion of the meeting.

TIPS FILMS LTD.

501, Durga Chambers, 5th Floor, Linking Road, Khar (West), Mumbai 400052 Tel : 022- 6643 1188 Email : info@tipsfilms.in Website : www.tipsfilms.in CIN: U74940MH2009PTC193028

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The Company Secretary then thanked the Members for their continued support and for attending and participating in the Meeting. The meeting concluded at 11:51 a.m.

Kindly take the same on your record.

Thanking You,

For Tips Films Limited

Digitally signed by VINIT KISHOR VINIT KISHOR BHANUSHALI BHANUSHALI Date: 2022.12.27 14:16:58 +05'30'

Vinit K. Bhanushali Company Secretary

TIPS FILMS LTD.

501, Durga Chambers, 5th Floor, Linking Road, Khar (West), Mumbai 400052 Tel : 022- 6643 1188 Email : info@tipsfilms.in Website : www.tipsfilms.in CIN: U74940MH2009PTC193028