VLS Finance Limited — AGM Information 2021

Oct 1, 2021

October 1, 2021

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BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Scrip Code: 511133

Sub:- Proceedings of the 34th Annual General Meeting of Shareholders held on September 30,2021

Dear Sir/Madam,

This is to inform you that 34th Annual General Meeting ('AGM') of the Company was held on 30109/2021 through Video Conferencing ('VC') 1 Other Audio Visual Means ('OA VM') and the businesses mentioned in the Notice dated 26/07/2021 were transacted.

In this regard, please find enclosed the summary of proceedings as required under Regulation 30, Part-A of Schedule -III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations as Annexure - I.

This is for your information and records.

Thanking You for VLS Finan e Ltd.

1"1~ H. Consul

Company Secretary M.No.A 11183

Copy to: 1) The National Stock Exchange of India Ltd., Exchange Plaza, 5 th Floor Plot No. CIl, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai-400051

Scrip Code: VLSFINANCE

2) The Calcutta Stock Exchange Association. Ltd., 7, Lyons Range, Kolkata- 700 001 032019

Annexure-I

Summary of proceedings of the 34th Annual General Meeting ('AGM'):

The 34th AGM of the Members of VLS Finance Limited ('the Company') was held on Thursday, 30th September, 2021 at 3.30 p.m. through Video Conferencing ("VC") 1 Other Audio Visual Means ("OAVM"). In the absence of Shri Ajit Kumar -Chairman of the Board and Stakeholders Relationship Committee and Shri M. P. Mehrotra, Executive Vice- Chairman, has also expressed inability, to join the meeting Shri S. K. Agarwal -Managing Director was elected to chair the meeting. Shri S. K. Agarwal -Managing Director took the Chair. The Secretary informed that 41 members had joined the meeting and the requisite quorum was present to start the meeting. Shri S. K. Agarwal -Managing Director then called the meeting to order. The Chairman welcomed the members and addressed the members. The Managing Director in his address provided overview of Company's performance. The Managing Director also informed that the Company had provided the Members the facility to cast their vote through remote e-voting, on all resolutions set forth in the Notice for the meeting. Further, the members who were present at the AGM and had not cast their votes through remote e-voting were provided an opportunity to cast their votes during the meeting and upto 15 minutes after the conclusion of the meeting through e-voting at AGM. The Company Secretary then informed the members about inspection of documents during AGM, the changes brought about Government circulars in conduct of general meetings due to Covid-19 pandemic besides informing that there was no adverse remark or qualification in the Secretarial Auditor's Report as well as in the Statutory Auditors' Report on relevant annual accounts. During the discussion at the meeting and before the agenda items were taken up at the meeting, 59 attendees was reported on the website of NSDL the AGM organizer through velDA VM

Resolution no.	Resolution Type	Description
I	~ " Ordinary Resolution	To receive, consider and adopt the Audited Balance Sheet of the Company as at 31st March, 2021, the statement of & Profit Loss for the year ended on that date, the enclosures thereto together with the report of Auditors and Directors thereon and the consolidated Financial Statements for the said period.
2	Ordinary Resolution	To approve dividend of Rs.1.501- per equity share.
3	Ordinary Resolution	To appoint a Director in place of Shri Kishan Kumar Soni (DIN: 00106037) who retires by rotation and being eligible, offers himself for re-appointment.

The following items of business, as per the Notice of AGM dated 26/07/2021, were transacted at the meeting.

Resolution no.	Resolution Type	Description
4	Ordinary Resolution	To approve the appoint a Director in place of Shri Vikas Mehrotra (DIN: 06476150) who retires by rotation and being eligible, offers himself for re-appointment.
5	Ordinary Resolution	To approve the appointment of Shri Deepak Kumar Chatterjee (DIN: 03379600) as an Independent Director of the Company. ~
6	Special Resolution	To approve the appointment of Shri Dinesh Kumar Mehrotra (DIN: 00142711) as an.Independent Director of the Company.
7	Special Resolution	To approve revision of remuneration of Shri Mahesh Prasad Mehrotra (DIN: 00016768) - Executive Vice Chairman of the Company.
8	Special Resolution	To approve revision of remuneration of Shri Suresh Kumar Agarwal (DIN: 00106763) - Managing Director of the Company and continuation of employment.
9	Ordinary Resolution	To approve revision of remuneration of Shri Kishan & Kumar Soni (DIN: 00106037) - Director-Finance CFO of the Company.

The Secretary was directed to invite members for their comments. The Members who had registered as speakers then expressed their views. The Management thereafter responded to the queries received from the Members.

The Chairman informed the Members that the results of the voting will be announced on receipt of the Scrutinizer's Report, within 2 working days of conclusion of the meeting to the concerned' Stock Exchanges and will also be available on the website of the Company.

The Meeting concluded at 4.05 p.m. The Members who had not completed their voting, were given 15 minutes to complete the e-voting on NSDL portal. The e-voting portal was closed at 4.20 p.m.

This is for your information and records.

. / , ,\6\ 1ft'

H. Consul \ Company Secretary M.No.AII18