Visagar Polytex Ltd — AGM Information 2020

Dec 29, 2020

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29[th] December, 2020

To,

The Manager The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Corporate Relationship Department Bandra Kurla Complex, 1[st] Floor, New Trading Ring, Bandra (E), Mumbai – 400 051 Rotunda Building, P.J Towers, Dalal Street, Fort, Mumbai -400001 ISIN Code- INE370E01029

BSE Scrip ID – VIVIDHA BSE Scrip Code - 506146

Subject: Proceedings of the 37[th] Annual General Meeting held on Tuesday, December 29, 2020.

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (LODR), 2015, copy of proceedings of the 37[th] AGM held on Tuesday, December 29, 2020 is attached herewith.

Please acknowledge and take the same on your records;

Thanking you,

Yours faithfully

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Encl: A/a

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PROCEEDINGS OF THE 37[TH] ANNUAL GENERAL MEETING OF MEMBERS OF VISAGAR POLYTEX LIMITED HELD ON TUESDAY, DECEMBER 29, 2020 AT 907/908, DEV PLAZA, OPP. ANDHERI FIRE STATION, S.V. ROAD, ANDHERI (WEST), MUMBAI 400058 FROM 10.00 A.M TO 10.45 A.M.

Directors and KMP
Mr. Tilokchand Kothari	:	Chairman & Managing Director
Mr. Kuldeep Kumar	:	Non-Executive Independent Director
Mrs. MadhuBalaVaishnav	:	Non-Executive Independent Director
Mr. Kaushal Singh Yadav	:	Non-Executive Independent Director
Mr. Praveen Mishra	:	Company Secretary and Compliance Officer
Mr. Sachin Chandrakant Mehta	:	Chief Financial Officer
Others
1. Ms. Nikita Kedia	:	Scrutinizer
2. S C Mehra & Associates LLP, CA	:	Statutory Auditors

Mr. Tilokchand Kothari, Chairman took the chair, and welcomed the members present at the 37[th] Annual General Meeting of the Company.

Total 49 members were present in the meeting in person or through proxy.

After ascertaining that the requisite quorum for the meeting was present, the Chairman called the meeting to order.

The Chairman informed the Members that the Register of Directors, Directors’ shareholding and other statutory registers, as required were kept open for the inspection and the Members could inspect the same at any time during the meeting.

The Chairman acknowledged the presence of other invitees. The Chairman briefed about the performance of the Company during the last fiscal year and also plans for the current year.

Thereafter, the Chairman informed the members that in compliance with the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management & Administration) Rules, 2014, the Company has offered the remote e-voting facility to enable the Members to cast their votes electronically on all the resolutions set out in the Notice.

He further informed the members that remote electronic voting facility was commenced at 09.00 a.m. on December 26, 2020 and closed at 5.00 p.m. on December 28, 2020.

The Chairman then took up the formal proceedings of the meeting.

The notice convening the meeting together with financial statement, Director’s Report and Auditor’s report were taken as read with the unanimous consent of the members present, as there was no qualification in the Audit report.

Before ordering the poll, Chairman invited the members for their queries/ comments/ suggestions or clarification, if any on the agenda items as set out in the notice of 37[th ] Annual General Meeting.

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Board Members present at the Meeting replied to the questions raised by the shareholders.

Thereafter he introduced Ms. Nikita Kedia, Proprietor of NKM &Associates (Company Secretaries) as scrutinizer for the voting process through ballot.

The Chairman thereafter ordered the poll on the resolutions of ordinary and special business as set out in items 1 to 6 of the notice of 37[th ] Annual General Meeting and requested all the members present to participate in the Poll and cast their votes.

He invited the scrutinizer to take over the poll proceedings and requested them to submit their poll report including the e-voting result within the stipulated time limit.

Company Secretary thanked the members for their participations and support. Thereafter the meeting was concluded with a vote of thanks to the chair.

Thanking you

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Place: Mumbai Dated: December 29, 2020

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