TIPS MUSIC LIMITED — AGM Information 2021

Sep 21, 2021

September 21, 2021

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

Scrip Code: 532375

Symbol: TIPSINDLTD

Sub: Proceeding of 25th 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 25th Annual General Meeting (AGM) of the Company was held today i.e. Tuesday, September 21 2021 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 & Managing 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, Internal Auditors 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, 2021 were taken as read. There were no qualifications, observations or adverse remarks in the Auditor's Report and Secretarial Auditor's Reports.

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.

The following businesses were transacted at the Meeting:

ORDINARY BUSINESS:

• 1. Adoption of Audited Financial Statements for the financial year ended March 31, 2021 together with the Reports of the Board of Directors and Auditors thereon.
• 1. Declaration of Dividend on Equity Shares for the financial year ended March 31, 2021.
• 1. Re-appointment of Mr. Kumar Taurani (DIN: 00555831), who retires by rotation and being eligible, offers himself for re-appointment.

SPECIAL BUSINESS:

• 1. Re-appointment of Mr. Kumar Taurani (DIN: 00555831) as a Chairman & Managing Director of the Company.
• 1. Re-appointment of Mr. Ramesh Taurani as a Managing Director (DIN: 00010130) of the Company.
• 1. Re-appointment of Mr. Venkitaraman Iyer (DIN: 00730501) as an Independent Director of the Company.

The Chairman announced that the e-voting results along with the consolidated Scrutiniser's Report shall be informed to Stock Exchanges and also be placed on the website of the Company and CDSL within 48 hours from the conclusion of the meeting.

The Company Secretary then thanked the Members for their continued support and for attending and participating in the Meeting. The meeting concluded at 11:59 a.m. after being open for 15 minutes for e-voting to be completed.

Kindly take the same on your record.

Thanking You,

For Tips Industries Limited PATEL BIJAL RAMJIBHAI Digitally signed by PATEL BIJAL RAMJIBHAI Date: 2021.09.21 15:15:19 +05'30'

Bijal R. Patel Company Secretary