Unichem Laboratories Ltd. — AGM Information 2023

Sep 25, 2023

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25th September, 2023

BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Scrip Code: 506690

National Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051

Symbol – UNICHEMLAB

Dear Sir,

Ref: BSE Scrip Code – 506690; NSE Symbol – UNICHEMLAB

Sub.: Proceeding of the 60th Annual General Meeting

We wish to inform you that the 60th Annual General Meeting (AGM) of the Company was held on Monday, 25th September, 2023 at 11:00 a.m. through video conference in accordance with the circular issued by the MCA and SEBI to transact the business as stated in the Notice dated 9th August, 2023. The proceedings of the Meeting are enclosed herewith.

Disclosures regarding voting results of the said Meeting, as per Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be made to the Stock Exchanges within the stipulated time.

Kindly take the same on your records.

For UNICHEM LABORATORIES LIMITED

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PRADEEP Digitally signed by PRADEEP BHANDARI BHANDARI Date: 2023.09.25 13:49:22 +05'30'

PRADEEP BHANDARI Head – Legal & Company Secretary

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Registered Office: Unichem Bhavan, Prabhat Estate, Off S. V. Road Jogeshwari (West), Mumbai – 400 102, Maharashtra, India.

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PROCEEDINGS OF 60th ANNUAL GENERAL MEETING

The 60th Annual General Meeting of the Members of the Company was held on Monday, 25th September, 2023 at 11:00 a.m. only through video conference in accordance with the circulars issued by the MCA and SEBI.

Dr. Prakash A. Mody, Chairman took the Chair. The Chairman of the Audit Committee, Nomination and Remuneration Committee and Stakeholders’ Relationship Committee were present at the Meeting. All the other Directors were present at the Meeting. The Senior Management team of the Company also had joined the meeting.

The representative of the Statutory Auditors namely N.A. Shah Associates LLP, Secretarial Auditors, Alwyn Jay & Co. and the Scrutinizer, Mrs. Ragini Chokshi from Ragini Chokshi & Associates were present at the Meeting.

The Statutory Registers were electronically made available for inspection of Members. As the AGM was held through video conference, the facility for appointment of proxies by the Members was not applicable and hence the proxy register for inspection was not available.

As the requisite quorum was present, the Chairman called the Meeting to order.

The Company Secretary, thereafter, provided general instructions to the Members regarding participation in the Meeting through video conference and the details of the e-voting facility provided to the Members before and during the Meeting to cast their votes electronically through the Central Depository Service (India) Limited (CDSL) platform. The Notice convening the 60th Annual General Meeting (AGM), Directors’ Report (including all its annexures) and the Financial Statements (Standalone and Consolidated) for the financial year ended 31st March 2023, were taken as read.

The Managing Director then presented his speech on the current market scenario, its impact on business, the performance of the Company and the change in management which was well received by the Shareholders.

The Company Secretary informed that the Statutory Auditors’ Report have qualified the Standalone and Consolidated Auditors Report and the same was explained and referred in the Director Report and the notes to the financials and accordingly the same was taken as read. He further informed that the secretarial auditor’s report did not have any qualifications except for the observations which were self-explanatory in nature.

Thereafter, the following resolutions, set out in the Notice convening the AGM were taken up for consideration.

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Registered Office: Unichem Bhavan, Prabhat Estate, Off S. V. Road Jogeshwari (West), Mumbai – 400 102, Maharashtra, India.

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Sr. No.	Resolutions
	Ordinary Business
1	Consider and adopt the audited standalone financial statements and reports of the directors and auditors thereon forthe yearended 31stMarch 2023.
2	Consider and adopt the audited consolidated financial statements and the auditors report for the year ended 31st March 2023
3	To appoint a director in place of Dr. Prakash A. Mody (DIN: 00001285), who retires by rotation and being eligible has offered himself for re-appointment.
	Special Business
4	Re-designation of Dr. Prakash A. Mody (DIN: 00001285), as the Chairman of the Company in the capacity of Non-Executive, Non- Independent Director of the Company, liable to retire by rotation.
5	Appointment of Mr. Pranay Godha (DIN:00016525) as the Non-Executive, Non- Independent Director of the Company, liable to retire by rotation.
6	Appointment of Mr. Pabitrakumar Kalipada Bhattacharyya (DIN:07131152) as a Director of the Company, liable to retire by rotation.
7	Appointment of Mr. Pabitrakumar Kalipada Bhattacharyya (DIN:07131152) as the Managing Director of the Company, liable to retire by rotation.
8	Ratification of remuneration payable to the Cost Auditors, Kishore Bhatia & Associates (Firm Registration No. 00294) for the year ended 31st March 2024.

On the invitation of the Managing Director, various Members put forth their queries and suggestions. The same were answered during the meeting.

The Company Secretary then informed the Members that the voting on the CDSL platform would continue to be available for the next fifteen minutes. Therefore, Members who had not cast their vote yet were requested to do so. He also informed that the Board had appointed Mrs. Ragini Chokshi, Practicing Company Secretary, (CP No.: 1436; Membership No. 2390) as the scrutinizer to supervise the e-voting process and he was authorized by the Chairman to declare the results of the voting. He further informed that the said results will be disclosed to the stock exchanges and shall be placed on the website of the Company within the stipulated time.

Thereafter the Chairman thanked all for attending the Meeting and thereafter declared the Meeting to be concluded.

The Meeting ended at 11.45 a.m.

Thanking you,

Yours faithfully,

For UNICHEM LABORATORIES LIMITED

PRADEEP Digitally signed by PRADEEP BHANDARI BHANDARI Date: 2023.09.25 13:53:49 +05'30' PRADEEP BHANDARI Head – Legal & Company Secretary

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Registered Office: Unichem Bhavan, Prabhat Estate, Off S. V. Road Jogeshwari (West), Mumbai – 400 102, Maharashtra, India.