Viksit Engineering Ltd — AGM Information 2024

Sep 30, 2024

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30[th] September, 2024 Ref. No.: VEL/SEC/2023-24

To, Corporate Relationship Department, BSE Limited. Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai – 400 001

Sub: Proceedings of the 42[nd] Annual General Meeting of the Company.

Dear Sir/Madam,

Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith proceedings of 42[nd] Annual General Meeting of the Company held on Monday, 30th September, 2024 at 03:00 pm and concluded at 04:00 pm.

The voting results of the resolutions as required under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be disclosed to the stock exchange separately.

This is for your information and records.

Thanking you, Yours Sincerely

For Viksit Engineering Limited

(Company under Corporate Insolvency Resolution Process)

CHANDN Digitally signed by CHANDNI KHATRI I KHATRI Date: 2024.09.30 20:17:51 +05'30'

Chandni Khatri Company Secretary M.No: ACS-67132

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SUMMARY OF THE PROCEEDINGS OF THE 42[nd] ANNUAL GENERAL MEETING

The 42[nd] Annual General Meeting (AGM) of the Members of Viksit Engineering Limited (‘the Company’) was held on Monday, 30th September, 2024 at 03:00 p.m. (IST) at registered office of the Company at Room No. 1-2, Kapadia Chambers, 51, Bharuch Street, Masjid Bunder (E), Mumbai – 400009 (MH.) Maharastra.

Ms. Chandni Khatri – Company Secretary apprised the members that The National Company Law Tribunal (“NCLT”), Mumbai Bench, vide its order dated December 08, 2023 (“Insolvency Commencement Date & NCLT Order”) has admitted the application for initiation of Corporate Insolvency Resolution Process (“CIRP”) filed by Epoch Merchantiles Pvt. Ltd (“Financial Creditor”) in respect of your company under Section 7 of Insolvency and Bankruptcy Code, 2016 (“Code”).

She further apprised that, pursuant to the Order, Mr. Dinesh Kumar Deora (IP Registration No. IBBI/IPA-002/IP-N00958/2020-2021/13041) was appointed as Interim Resolution Professional (“IRP”) to manage affairs of the Company in accordance with the provisions of Code. Thereafter, in the first meeting of Committee of Creditors held on January 05, 2024, Mr. Dinesh Kumar Deora had been confirmed as Resolution Professional (“RP”) with respect to your company.

Pursuant to the Order and in consonance with the provisions of Section 17 of the Code, the powers of the Board of Directors of the Company stand suspended from the Insolvency Commencement Date and are exercised by Mr. Dinesh Kumar Deora, Resolution Professional. However, as per the provisions of the Code, the Resolution Professional is required to run the Company as a going concern and to comply with the applicable laws. Pursuant to the same, the functioning of the Board of Directors shall be continued in accordance with applicable laws. Moreover, the functioning and constitution of the statutory committees including the Audit Committee and Nomination and Remuneration Committee shall also be continued as per the provisions of Companies Act, 2013.

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Ms. Chandni Khatri - Company Secretary of the Company introduced the Resolution Professional, members of the suspended Board, Statutory Auditors, Secretarial Auditor.

Mr. Dinesh Kumar Deora– Resolution Professional & Chairman of the meeting, Mr. Raghunandan Khandelwal (DIN: 00401113) – Managing Director and CFO, Mr. Gyandatt Mandloi (DIN:08571134) - Independent Director, Mr. Rajesh Porwal (DIN: 08312491) - Independent Director, members of the suspended Board, Ms. Chandni Khatri – Company Secretary (Membership No A67132), CA Rahul Dewani (Membership No. 435066 )– Statutory Auditor, and Mr. Kamlesh Purviya (Membership No F10286) – Secretarial Auditor of the Company were present at the meeting.

Ms. Chandni Khatri – Company Secretary set out the general instructions for members to participate and vote at the AGM. She then requested Mr. Dinesh Kumar Deora – Resolution Professional and Chairman of the meeting to begin the proceedings of the meeting.

The Chairman called the meeting to order, as the requisite quorum was present. The Chairman then delivered his speech, whereby he thanked Members, Directors and Auditors present for attending the 42[nd] AGM.

The Chairman informed the Members that Notice along with the Board’s Report and Audited Financial Statements had already been dispatched to the Members and were taken as read.

The Chairman also informed that pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had provided remote E-voting facility to its members through Central Depository Services (India) Limited in respect of Business to be transacted at the AGM set forth in the Notice. The remote E-voting commenced on Friday, 27[th] September, 2024 (9:00 a.m.) and ends on Sunday, 29[th ] September, 2024 (5:00 p.m.).

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The Chairman further informed that, the Statutory Register, Auditor’s Report, Secretarial Audit Report along with other inspection documents were made available during the meeting for inspection by members.

The Chairman apprised that for those members who could not exercise their vote through remote E-voting, the facility for voting through ballot paper has been provided at the Meeting. There was no voting conducted by show of hands.

The following items of business, as per the Notice of AGM dated 6[th] September, 2024, were transacted at the meeting:

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S.No Agenda Type of Resolution
Ordinary Businesses
1. To receive consider and adopt the Audited Financial Ordinary Resolution
Statements of the Company for the financial year ended 31st
March, 2024 and the Reports of the Board of Directors and
Auditor thereon.
2. To appoint a Director in place of Mr. Raghunandan Ordinary Resolution
Khandelwal (DIN: 00401113), who retires by rotation and
being eligible, offers himself for re-appointment.
Special Business
3. Appointment of Statutory Auditors Ordinary Resolution
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The Chairman further informed the members that, Ms. Kamlesh Purviya & Co., Practicing Company Secretary, Indore has been appointed by the Board to act as a Scrutiniser to scrutinise the remote E-voting as well as voting through Poll at the time of AGM.

The Chairman then invited the members to express their own views, give suggestions and make enquiries to the operations and financial performance of the Company and related matters. No query was raised by the members.

The Chairman thanked the members for attending and participating in the Meeting physically and requested the members to vote.

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The Result of voting will be declared within two working days from the conclusion of the meeting and will also be posted on Company’s website.

The meeting concluded at 4:00 p.m.

You are requested to kindly take the same on record.

Thanking you,

For Viksit Engineering Limited

(Company under Corporate Insolvency resolution Process)

CHANDN Digitally signed by CHANDNI KHATRI I KHATRI Date: 2024.09.30 20:18:17 +05'30'

Chandni Khatri Company Secretary M.No: ACS-67132