TVS Srichakra Ltd. — AGM Information 2023

Sep 20, 2023

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REF:TSL:SEC:2023/287

September 20, 2023

National Stock Exchange of India Ltd., 5th Floor Exchange Plaza, Bandra (E), Mumbai - 400 051

BSE Limited P J Towers Dalal Street, Fort, Mumbai 400 001

Scrip Code: TVSSRICHAK Scrip Code: 509243 by NEAPS by Listing Centre

Dear Madam / Sir

Sub : AGM held on Wednesday, 20[th] September, 2023

In terms of Regulation 30 of the SEBI LODR Regulations, we are enclosing the summary of the proceedings of the 40[th] Annual General Meeting, held on Wednesday, 20[th] September, 2023.

We request you to take the same on record.

Thanking you

Yours faithfully For TVS SRICHAKRA LIMITED

Digitally signed by CHINMOY PATNAIK DN: c=IN, o=PERSONAL, title=2992, CHINMOY pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504c e90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb PATNAIK 51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK Date: 2023.09.20 17:17:41 +05'30' Chinmoy Patnaik Company Secretary & Compliance Officer Membership No. A14724

TVS Srichakra Limited

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CIN: L25111TN1982PLC009414 Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com I Email: secretarial@eurogriptyres.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91 452 2443300

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Summary of the proceedings of 40[th] Annual General Meeting

The 40[th] Annual General Meeting (AGM) of the Company was held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) on Wednesday, 20[th ] September 2023 at 10.00 A.M. (IST). As per Article 10(j) of the Articles of Association of the Company, Mr. R Naresh, Executive Vice Chairman, occupied the Chair.

Mr. R Naresh, Chairman of the meeting, declared that the quorum was present and called the meeting to order. 63 Members were present at the meeting. Chairman also confirmed that all the directors, Statutory Auditors & Secretarial Auditor, Chief Operating Officer, Chief Financial Officer and the Company Secretary of the Company were present.

Chairman informed that the notice convening the meeting had been circulated by e-mail and uploaded on the website of the Company. The same was also available on the websites of the stock exchanges viz., BSE and NSE. With the permission of the members, he took them as read.

The following items were set out in the Notice of the Annual General Meeting of the Company seeking approval of the members:

1. Adoption of audited standalone along with consolidated financial statement of the Company including Balance Sheets as at 31[st] March, 2023 and the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date, together with the Reports of the Board of Directors and Auditors’ thereon.

2. Declaration of dividend on Equity Shares at the rate of Rs.32.05 per share (320.50%) of Rs.10 each for the financial year ended 31[st] March 2023.

3. Reappointment of Mr. R. Naresh (DIN: 00273609), as Director, who retires by rotation and being eligible offers himself for reappointment.

4. Ratification of remuneration payable to the Cost Auditor for the financial year 2023-24.

5. Payment of commission to Non-Executive Directors of the Company, for a period of five (5) financial years commencing from 1[st] April 2023 to 31[st] March 2028.

6. Re-appointment of Mr. V Ramakrishnan (DIN: 00002931) as an Independent Director for a second term of 5 consecutive years effective from 27[th] September 2023 to 26[th] September 2028.

TVS Srichakra Limited

CIN: L25111TN1982PLC009414

Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. E-mail: secretarial@eurogriptyres.com Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91452 2443300

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Chairman then requested the Company Secretary to read the reports of the Statutory and Secretarial auditors. The Company Secretary informed that the Statutory Auditors’ Report and Secretarial Audit Report were unqualified and unmodified and the same were not required to be read out at the AGM as per the provisions of the Companies Act, 2013.

Chairman then delivered his speech to the members. In his speech, he gave an overview of the state of industry, performance, current scenario, Industry Outlook, Branding and CSR.

The queries raised by a few members at the meeting were responded by Ms. Shobhana Ramachandhran, Managing Director and Mr. Arvind Singh, Chief Operating Officer, of the Company.

Company Secretary announced that the live e-voting window would remain open for 15 minutes after the close of the meeting for the members to exercise their voting rights. He also informed that the results of the remote e-voting / live e-voting would be announced to Stock Exchanges and uploaded on the website of the Company on or before 22[nd] September 2023.

Meeting concluded at 10.43 A.M with a vote of thanks offered by Mr. B Rajagopalan, Chief Financial Officer.

For TVS SRICHAKRA LIMITED CHINMOY PATNAIK Digitally signed by CHINMOY PATNAIK DN: c=IN, o=PERSONAL, title=2992, pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK DN: c=IN, o=PERSONAL, title=2992, pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK 5b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK b27f5775a841312, cn=CHINMOY PATNAIK Date: 2023.09.20 17:18:23 +05'30'

Digitally signed by CHINMOY PATNAIK DN: c=IN, o=PERSONAL, title=2992, pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK DN: c=IN, o=PERSONAL, title=2992, pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK pseudonym=c35f1d39b1ae443ea294168b8aa14c24, 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK 2.5.4.20=db02efdf9e11d477f2af883fb3d90de2137505504ce90bcc4365305b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK 5b5429d1c6, postalCode=751020, st=Odisha, serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK serialNumber=2b5d3e9422325f54a35c29ba1e3089f974bb51ff365897de9b27f5775a841312, cn=CHINMOY PATNAIK b27f5775a841312, cn=CHINMOY PATNAIK Date: 2023.09.20 17:18:23 +05'30'

Chinmoy Patnaik

Company Secretary

Madurai

20[th] September 2023

TVS Srichakra Limited

CIN: L25111TN1982PLC009414

Regd. Office: TVS Building, 7-B, West Veli Street, Madurai 625 001. E-mail: secretarial@eurogriptyres.com Tel:+91 0452 2356400, Fax: +91 0452 2443466 I Website: www.tvseurogrip.com Manufacturing Unit: Vellaripatti, Melur Taluk, Madurai-625 122, Tel:+91452 2443300

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