Uflex Limited — AGM Information 2023

Aug 23, 2023

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UFLEX /SEC/2023/

23[rd] August, 2023

The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor Corporate Relationships Department Plot No. C/l, G-Block 1[st] Floor, New Trading Ring, Bandra - Kurla Complex Rotunda Building, P J Towers, Bandra (E), Dalal Street, Fort, Mumbai – 400051 Mumbai – 400 001

Scrip Code: UFLEX Scrip Code: 500148

Subject: Disclosure of events pursuant to Regulation 30(2) - Schedule III - Part A (13) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Ref.: Proceedings of the 34[th] Annual General Meeting held on 23[rd] August, 2023.

Dear Sirs,

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the gist of proceedings of the 34[th] Annual General Meeting held on Wednesday, 23[rd] August, 2023 through Video Conferencing (VC) / Other AudioVisual Means (OAVM) is given hereunder:

Gist of Proceedings of the 34[th] Annual General Meeting:

A. Date & Time of the Annual General Meeting (Meeting):

The 34[th] Annual General Meeting of the Company was held on Wednesday, 23[rd] August, 2023, through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The Meeting commenced at 03:30 PM (IST) and concluded at 3:49 PM (IST).

B. Proceedings in brief:

• The Board of Directors and other Panelist(s) present in the Meeting were introduced.

• The business as per notice dated 30[th] May, 2023, convening the 34[th] Annual General Meeting was taken up as quorum was present at the beginning and throughout the Meeting. Further, 81 Members attended and participated in the Meeting.

It was informed that:

• The Meeting was held through VC/ OAVM in compliance with the Circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India.

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• The Register of Director(s) and Key Managerial Personnel(s) (KMPs) and Register of Contract(s) were made available electronically, at the website of the Company for inspection of the Members during the Annual General Meeting.

• The Company had taken necessary steps to ensure that the Members were able to attend and vote at the Meeting through electronic mode in a seamless manner.

• The Remote E-voting commenced at 9:00 A.M. on Sunday, 20[th] August, 2023 and concluded at 5:00 P.M. on Tuesday, 22[nd] August, 2023.

• Shri Mahesh Kumar Gupta a Practicing Company Secretary was appointed as the Scrutinizer to Scrutinize the voting through electronic means (i.e., remote e-voting and voting at the meeting by using electronic system).

• In terms of Notice of 34[th] Annual General Meeting, following business were transacted:

Ordinary Business(s)

1. To consider and adopt Audited Standalone & Consolidated Annual Financial Statements for the financial year ended 31[st] March, 2023, the reports of the Board of Directors and the Auditors thereon for the financial year ended 31[st] March, 2023.

2. Declaration of dividend on Equity Shares at the rate of Rs. 3/- (Rupees Three Only) per equity share of Rs.10/- (Rupees Ten only) each fully paid-up.

3. To appoint a Director in place of Shri Ashok Chaturvedi, Chairman (DIN: 00023452), who retires by rotation and, being eligible, offers himself for reappointment.

   • (Mr. Ashok Chaturvedi, Chairman & Managing Director, was interested in this item.)

Special Business

1. To appoint Mrs. Rashmi Verma as an Independent Woman Director of the Company for a term of 3 (three) years w.e.f. 26[th] May, 2023.

2. To ratify & confirm the remuneration of Cost Auditors of the Company for the Financial Year ending 31[st] March, 2024.

• The Results of E-voting shall be disseminated to the Stock Exchanges and also uploaded on the website of the Company and Central Depository Services (India) Limited (“CDSL”), the agency providing e-voting facility.

Thereafter, Mr. Ashok Chaturvedi, Chairman & Managing Director responded to the queries raised by the Shareholders of the Company.

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Further, the shareholders were requested to send their queries, if any, to the Company and the Company will respond to them suitably.

C. Voting by Members:

• The Company had provided remote e-voting facility to its members electronically on all 5 items of business set out in the Notice.

• E-voting facility was provided during the Meeting to those Members who had not cast their votes through remote e-voting, which remained open for thirty minutes from the conclusion of the Meeting.

D. Other Information

• The Voting Results, along with the Scrutinizer's Report, would be made available on the Company's website and also on the website of CDSL. The Voting Results would also be forwarded to “The National Stock Exchange of India Limited (NSE)” and “BSE Limited (“BSE”)”, where the Company's shares are listed.

• The Dividend declared at the Meeting will be credited to the Members on or after 23[rd] August, 2023 and physical warrants will be dispatched in due course of time.

• This document does not constitute minutes of the proceedings of the 34[th] Annual General Meeting of the Company.

Kindly take the above intimation on your records.

Thanking you,

Yours faithfully,

For UFLEX LIMITED

RITESH Digitally signed by RITESH CHAUDHRY CHAUDHRY Date: 2023.08.23 18:29:11 +05'30'

(Ritesh Chaudhry) Sr. Vice President - Secretarial & Company Secretary

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