Vascon Engineers Limited — AGM Information 2020

Sep 29, 2020

September 29, 2020

To, National Stock Exchange of India Limited, Listing Department, Exchange Plaza, Bandra (E), Mumbai – 400 051

Ref Symbol: VASCONEQ

To, BSE Limited, The Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

Ref: Scrip Code: 533156

Dear Sir/Madam,

Subject: 35th Annual General Meeting of Vascon Engineers Limited and disclosure under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')

We wish to inform you that the 35th Annual General Meeting ('AGM') of the Company was held today i.e., on Tuesday, September 29, 2020.

In this connection, please find enclosed the summary of proceedings of the AGM as required under Regulation 30 of SEBI Listing Regulations.

This is for your information and records.

Thanking You.

For Vascon Engineers Limited

VIBHUTI DARSHIN DANI

Digitally signed by VIBHUTI DARSHIN DANI DN: c=IN, o=Personal, pseudonym=8710de31bce3e98fed9a1214e904c6394d123fb970 3896687b3d130b34b8d1c7, 2.5.4.20=2139eec6e8f859df249878e752c07a304abb01f4b2a25e b72fa964d09b2d7919, postalCode=380004, st=GUJARAT, serialNumber=5ffb5233027b6a065fdafd4bd57df381e1b2a60176 f5d2a643ce63e261d7c0a3, cn=VIBHUTI DARSHIN DANI Date: 2020.09.29 13:04:53 +05'30'

Vibhuti Dani Company Secretary and Compliance Officer

SUMMARY OF PROCEEDINGS OF THE THIRTY FIFTH ANNUAL GENERAL MEETING OF VASCON ENGINEERS LIMITED HELD ON TUESDAY, SEPTEMBER 29, 2020 FROM 11:30 HOURS TO 12:35 HOURS THROUGH VIDEO CONFERENCE

Presents:

Name	Designation	Attended through VideoConferencing from
Mr. Vasudevan Ramamoorthy	Executive Chairman	Registered and Corporate
Mr.SiddharthVasudevan	Managing Director	Office, Pune
Moorthy
Mr. V Mohan	Independent Director	Residence, Mumbai
Mr. Mukesh Malhotra	Independent Director	Registered Office, Pune
Mr. K G Krishnamurthy	Independent Director	Residence, Mumbai
Mrs. Sowmya Iyer	Non-Executive Director	Residence, Mumbai
Mrs. Vibhuti Dani	Company Secretary and Compliance
	Officer
Dr. Santosh Sundararajan	Group Chief Executive Officer	Registered and CorporateOffice, Pune
Mr. Rajesh Mhatre	Chief Executive Officer (Real Estate)
Mr. Somnath Biswas	Chief Financial Officer

Mr. Pramod Bhise/Mr. Tirthraj Khot, Partner Sharp & Tannan Associates, Statutory Auditors of the Company, Mr. Kusai Goawala, Partner GKDJ & Associates, Internal Auditors of the Company, Mrs. Varsha Limaye, Practising Cost Accountant & Cost Auditor of the Company , Mr. Kubhushan Rane, Practising Company Secretary and Secretarial Auditor of the Company joined the Annual General Meeting, Mrs. Savita Jyoti, Practising Company Secretary and Scrutinizer for conducting the e-voting process in a fair and transparent manner through Video Conference from their respective locations.

Company Secretary welcomed the Shareholders to the 35th Annual General Meeting ("AGM") of the Company and introduced the Directors and other invitees present in the meeting to the Shareholders.

Mr. Vasudevan Ramamoorthy, Executive Chairman of the Company chaired the meeting.

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

Shareholders were given a small advisory for the meeting.

Before proceeding with the businesses contained in the AGM Notice, Mr. Vasudevan Ramamoorthy, Chairman of the Meeting, addressed the Shareholders attending the meeting through VC.

He then requested Mr. Siddharth Vasudevan Moorthy, Managing Director to provide his insights about the Company.

Managing Director greeted the shareholders and made a brief presentation providing operational and financial highlights of the Company for the financial year ended March 31, 2020 performance and outlook.

Thereafter, Company Secretary briefed about the arrangements and proceedings of the Meeting.

It was informed that remote e-voting commenced on Thursday, September 24, 2020 and ended on Monday, September 28, 2020. Shareholders, who had not cast their vote through remote e-voting, were requested to cast their vote in the course of the meeting through insta voting facility provided by Kfin Technologies Private Limited by clicking on the "Vote" tab appearing on their screen.

With the consent of the Shareholders present, Notice convening the AGM was taken as read.

Shareholders were informed that:

• 1. Requisite Statutory Registers and other documents referred to in the Notice of AGM were available for inspection electronically by the Shareholders.
• 1. Certificate from Statutory Auditors of the Company, certifying that the existing ESOP Schemes of the Company have been implemented in accordance with the SEBI Regulation and in accordance with the Shareholders approval was also available for e-inspection.
• 1. Auditors Report for the Consolidated and Standalone statements of the Company for the financial year ended March 31, 2020 does not contain any qualification.

Thereafter, Company Secretary briefed on the process to be followed by the shareholders for the Question and Answers.

Thereafter, Speaker Shareholders who had registered with the Company for speaking at the AGM were provided opportunity to express their views or ask their queries about the Company and the agenda items of the AGM.

Queries were responded by Chairman.

Thereafter, the following items of business as mentioned in the Notice of the AGM dated August 18, 2020 were transacted at the meeting:

Sr.No	Resolutions Description	TypeResolution	of
Ordinary Business
1	1.Consideration and adoption ofa.the audited financial statement of the Company for thefinancial year ended March 31, 2020, the reports of theBoard of Directors and Auditors thereon; andb.the audited consolidated financial statement of theCompany for the financial year ended March 31, 2020and the report of Auditors thereon	Ordinary

2	Appointment of Ms. Sowmya Aditya Iyer (DIN: 06470039), as a	Ordinary
	Director of the Company, liable to retire by rotation
Special Business
3	Ratify the remuneration of Cost Auditor for Financial Year	Ordinary
	ending March 31, 2021.

Shareholders were requested to complete the e-voting process, if not completed already. They were also informed that Mrs. Savita Jyoti, Scrutinizer of the e-voting process, shall provide her report to the Company after the scrutiny of the votes casted by the Shareholders by remote e-voting and insta-voting. Company Secretary was authorised to declare the results of e-voting on or before Thursday, October 01, 2020.

Chairman thanked the Shareholders and concluded the meeting.

For Vascon Engineers Limited

VIBHUTI DARSHIN DANI

Digitally signed by VIBHUTI DARSHIN DANI DN: c=IN, o=Personal, pseudonym=8710de31bce3e98fed9a1214e904c6394d123 fb9703896687b3d130b34b8d1c7, 2.5.4.20=2139eec6e8f859df249878e752c07a304abb01f4b 2a25eb72fa964d09b2d7919, postalCode=380004, st=GUJARAT, serialNumber=5ffb5233027b6a065fdafd4bd57df381e1b2a 60176f5d2a643ce63e261d7c0a3, cn=VIBHUTI DARSHIN DANI

Vibhuti Dani Company Secretary and Compliance Officer Date: 2020.09.29 13:05:19 +05'30'