Voltas Ltd. — AGM Information 2025

Jul 8, 2025

8[th] July, 2025

BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East)Mumbai 400 051 Scrip Code: 500575 NSE Symbol: VOLTAS

Sub: Summary of the proceedings of the 71[st] Annual General Meetng of Voltas Limited held on Tuesday, 8[th ] July, 2025

Dear Sirs,

The 71[st] Annual General Meeting of Voltas Limited (the Company) was held on Tuesday, 8[th] July, 2025 at 1:00 p.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) to transact the business as stated in the Notice dated 5[th] June, 2025, convening the meeting. The 71[st] Annual General Meeting was concluded at 3.52 p.m. (IST).

As per the requirement of Regulation 30, Para A of Schedule – III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the summary of proceedings of the 71[st] Annual General Meeting of the Company. Thanking you,

Yours Faithfully,

For Voltas Limited

RATNESH Digitally signed by RATNESH PRASAD PRASAD RUKHARIYAR RUKHARIYAR Date: 2025.07.08 21:16:27 +05'30'

Ratnesh Rukhariyar Company Secretary & Compliance Officer

Encl: a/a

Summary of the Proceedings of the 71[st] Annual General Meeting of the Company

The 71[st] Annual General Meeting (AGM / Meeting) of Voltas Limited (the Company) was held on Tuesday, 8[th] July, 2025 at 1.00 p.m. through Video Conferencing (‘VC’) / Other Audio Visual Means (‘OAVM’) pursuant to General Circular No. 20/2020 dated 05[th] May, 2020, read with other relevant circulars on the subject, including General Circular No. 09/2024 dated 19[th] September, 2024 (collectively referred to as ‘MCA Circulars’) issued by the Ministry of Corporate Affairs (MCA).

The Company Secretary welcomed the Members to the Meeting and explained them the procedural/technical points relating to the participation at the Meeting and also informed that the Company had provided its Members, the facility to cast their vote electronically through the National Securities Depository Limited (NSDL) system before the Meeting. He further informed that the e- voting facility was also made available during the AGM for the benefit of Members who were present during the Meeting and had not cast their votes earlier through remote e-voting.

Mr. Noel N. Tata, Chairman of the Company paid tribute to Padma Vibhushan Mr. Ratan Naval Tata, Chairman Emeritus of the Tata Group and Mr Zubin Dubash, former director of the Company on their demise. The Chairman also expressed deepest condolences to the victims of the recent Air India tragic accident.

Mr. Noel N. Tata, Chairman of the Company chaired the Meeting. Mr. Noel N. Tata is also the Chairman of Shareholders’ Relationship Committee and Corporate Social Responsibility Committee. Mr. Pradeep Bakshi, Managing Director & CEO and Mr. Mukundan C. P. Menon, Executive Director / MD (Designate) attended the Meeting along with Mr. Noel N. Tata from the same venue. The Chief Financial Officer and all other Directors attended the Meeting through VC from their respective locations including Mr. Pheroz Pudumjee, Chairman of the Nomination & Remuneration Committee and Mr. Jayesh Merchant, Chairman of the Audit Committee and Risk Management Committee. In terms of the MCA Circulars and SEBI Circular, the requirement of appointing proxies was not applicable. The requisite quorum being present, the Chairman called the Meeting to order. The Registers as required under the Companies Act, 2013 were available for inspection. Ms. Aruna Kumaraswamy, Partner of SRBC & Co LLP, Statutory Auditors and Mr. Bhaskar Upadhyay, Partner of M/s. N. L. Bhatia & Associates, Secretarial Auditors were also present at the Meeting through VC.

With the consent of the Members, the Notice convening the 71[st] AGM was taken as read. As the Auditors Report on the Financial Statements (Standalone and Consolidated) for the year ended 31[st] March, 2025 had no qualifications, reservations, observations, adverse remarks or disclaimer, the same was not required to be read at the Meeting.

The Chairman made his opening remarks, including on the business operations and financial performance of the Company.

The Chairman informed that the Board had appointed Mr. Bhaskar Upadhyay of M/s. N. L. Bhatia & Associates, Practicing Company Secretaries as the Scrutinizer to scrutinize the remote e-voting process as well as e-voting at the AGM in a fair and transparent manner and he was present at the Meeting. The Chairman then requested the Members to express their views, ask questions and seek clarifications, if any. The Chairman suitably responded to the questions asked by the Members at the Meeting.

The following Resolutions set out in the Notice dated 5[th] June, 2025 convening the 71[st] AGM were put to vote by remote e-voting and e-voting during the Meeting:

to vote by	remote e-voting and e-voting during the Meeting:
Sr. No.	Details of the Agenda items	Resoluton
Ordinary Business:
1.	To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the fnancial year ended 31stMarch, 2025 together with the Reports of the Board of Directors and the Auditors thereon.	Ordinary
2.	To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the fnancial year ended 31stMarch, 2025 together with the Report of the Auditors thereon.	Ordinary
3.	To declare a dividend of ₹ 7/- per Equity Share of ₹ 1/- each for the fnancial year ended 31stMarch, 2025.	Ordinary
4.	To appoint a Director in place of Mr. Noel Tata (DIN: 00024713), who retres by rotaton and being eligible ofers himself for re-appointment.	Ordinary
5.	To appoint a Director in place of Mr. Saurabh Agrawal (DIN: 02144558), who retres by rotaton and being eligible ofers himself for re-appointment.	Ordinary
Special Business:
6.	Payment of Long-Term Incentve to Mr. Pradeep Kumar Bakshi (DIN: 02940277), Managing Director & Chief Executve Ofcer of the Company under Long-Term Incentve Scheme 2024 of the Company.	Ordinary
7.	Appointment of Mr. Mukundan C. P. Menon (DIN: 09177076), as the Managing Director.	Ordinary
8.	Appointment of M/s. N L Bhata and Associates, Company Secretaries, as Secretarial Auditor of the Company, for a term of fve years commencing from 01stApril, 2025 up to 31stMarch, 2030.	Ordinary
9.	Ratfcaton of Remuneraton of M/s. Sagar and Associates, the Cost Auditors, to conduct the cost audit of the Company for the fnancial year ending 31 March, 2026.	Ordinary

The Chairman thanked the Members for attending and participating in the Meeting and stated that the e-voting facility would be kept open for the next 15 minutes to enable the Members to cast their vote. The Chairman authorized Mr. Ratnesh Rukhariyar, Company Secretary to carry out the voting process and conclude the Meeting. Mr. Ratnesh Rukhariyar, Company Secretary was also authorized to accept, acknowledge and countersign the Scrutinizer’s Report and declare the consolidated voting results of the remote e-voting and e-voting at the AGM.

The Company Secretary informed the Members that the consolidated voting results of the remote e- voting and e-voting at the AGM along with Scrutinizer’s Report would be submitted to the Stock Exchanges and also made available on the websites of the Company and NSDL on or before 10[th] July, 2025. The e-voting facility remained available until 15 minutes after the conclusion of the Meeting’s proceedings allowing Members to cast their votes. Upon completion of the e-voting process, the Company Secretary declared the Meeting as closed at 3.52 p.m. The Scrutinizer’s Report was received after conclusion of the Meeting on 8[th] July, 2025 and as set out therein, all the aforesaid Resolutions were declared passed with requisite majority.

This is for your information and records.

For Voltas Limited

RATNESH Digitally signed by RATNESH PRASAD PRASAD RUKHARIYAR RUKHARIYAR Date: 2025.07.08 21:17:12 +05'30' Ratnesh Rukhariyar Company Secretary & Compliance Officer