Visagar Polytex Ltd — AGM Information 2021

Sep 28, 2021

September 28, 2021

The Manager	The National Stock Exchange of India Limited
BSELimited	Exchange Plaza, Plot No. C/1, G Block,
Corporate Relationship Department	Sandra Kurla Complex,
1st Floor, New Trading Ring,	Bandra (E), Mumbai - 400 051
Rotunda Building, P.J Towers,
Dalal Street, Fort, Mumbai -400001	!SIN Code- INE370E01029
BSE Scrip ID - VIVIDHA BSE Scrip Code - 506146

Dear Sir /Madam,

Sub: Proceedings of the 38th Annual General Meeting held on Tuesday, September 28, 2021.

Pursuant to Regulation 30 of SEBI (LODR), 2015, copy of proceedings of the 38th AGM held on Tuesday, September 28, 2021 is attached herewith.

Please acknowledge and take the same on your records;

Thanking you,

Yours faithfully,

FOR VISA GAR POL YTEX LIMITED

Encl.:A/a

VISAGAR POL YTEX LIMITED

Regd. Off.: 907/908, Dev Plaza, S, V. Road, Andheri (W), Mumbai - 400 058. Tel.: (022) 6742 4815 Email: contact@visagar.com Website: www.visagarpolytex.in CIN: L655990MHl 983PLC0302l 5

PROCEEDINGS OF THE 38TII ANNUAL GENERAL MEETING OF MEMBERS OF VISAGAR POLYTEX LIMITED HELD ON TUESDAY, SEPTEMBER 28, 2021 AT 907 /908, DEV PLAZA, OPP. ANDHERI FIRE STATION, S.V. ROAD, ANDHERI (WEST), MUMBAI- ⁴⁰⁰⁰⁵⁸FROM 11.00 A.M. TO 11.45 A.M

KMP Directors and
Mr. Tilokchand Kothari	Chairman and Managing Director
Mr. Sachin Chandrakant Mehta	Chief Financial Officer
Mr. Kuldeep Kumar	Non-Executive, Independent Director
Mrs. Madhu Bala Vaishnav	Non-Executive, Independent Director
Mr. Kailash Ram Gopal Chhaparwal	Director
Ms. Parul Gupta	Company Secretary
Others
1. M/s. VRG & Associates	Scrutinizer
2. SC Mehra & Associates LLP, CA	Statutory Auditors

Ms. Parul Gupta, Company Secretary welcomed all the shareholders present at the 38th Annual General Meeting. Mr. Tilokchand Kothari, Chairman & Director took the Chair and the Meeting commenced under his Chairmanship. He then read out his speech stating the accomplishments and major developments of the Company. He then informed that no Proxy Forms were received. The Chairman further stated that the Register of Directors and Key Managerial Personnels and their shareholding u/s 170 of the Companies Act, 2013 alongwith other records and documents mentioned in the notice of the Annual General Meeting and explanatory statement were available for inspection by the members during the continuation of the Meeting.

With the permission of the shareholders, the Chairman took the Notice convening the Meeting, Explanatory Statement u/s 102 of the Companies Act, 2013. He further informed that there were no qualifications, emphasis of any matter or any adverse qualification in the Auditors' Report for the year ended 31st March, 2021. The queries raised by the shareholders were answered by the Chairman and Non-Executive Director of the Company.

Total 43 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 cornpliance with the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management & Administration) Rul es, 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. r<?q_L_YJ~ "-

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Regd. Off. : 907/908, Dev Plaza, S. V. Road, Andheri (W), Mumbai - ⁴⁰⁰058. Tel. : (022) 6742 4815 Email : contact(u?vlsagar.com Website : www.visagarpolytex.in CIN : L655990MH l 983PLC0302 l ⁵ He further informed the members that remote electronic voting facility was commenced at 09.00 a.m. on September 25, 2021 and closed at 5.00 p.m. on September 27, 2021.

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 38th Annual General Meeting.

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

Thereafter he introduced Mr. Vijay Gupta, Proprietor of VRG & Associates (Company Secretaries) as scrutinizer for the voting process through ballot.

The Chairman thereafter ordered the poll on the resolutions of ordinary business as set out in items 1 and 2 of the notice of 38th Annual General Meeting and requested all the members present to participate in the Poll and cast their votes.

The following Resolutions set out in the Notice of the Meeting were read out and then put to vote by Poll:

Ordinary Business

• l. Adoption of Audited Financial Statements of the Company for the financial year ended 31st March, 2021, the Reports of the Board of Directors and Auditors thereon.
• 1. Appointment of a Director in place of Mr. Vikramjit Singh Gill (DIN: 08875328), who retires by rotation and being eligible, offers himself for re-appointment.

Special Business

1. Regularization of Appoinbnent of Mr. Vikrarnjit Singh Gill as an Executive Director.

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

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

Thanking you

FOR VISAGAR POL

I =-^~ lilokchand koth1l Managing Directo DIN:00413627

Place: Mumbai Dated: September 28, 2021