VSF Projects Limited — AGM Information 2022

Nov 13, 2022

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13[th] November, 2022

To

The Department of Corporate Services- CRD BSE Ltd. P.J Towers, Dalal Street Mumbai - 4000 001

Scrip Code: 519331

Dear Sir,

Sub: Proceedings of 30[th] Annual General Meeting pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015

The 30[th] Annual General Meeting (“the 30[th] AGM”) of the company was held on 12[th] November, 2021 at 03.00 P.M. at the registered office of the Company at Sy.No.782 to 1235, Ankulapatur Village, Chillakur Mandal, SPSR Nellore District, AP, 524 412.

The Chairman & Managing Director took the Chair and welcomed the Shareholders to the 30[th] Annual General Meeting.

After ascertaining that the requisite quorum was present at the AGM, the Chairman called the meeting to order and commenced the proceedings of the meeting.

The Chairman & Managing Director informed that, the Statutory Registers, Proxy Register, Auditors Report, Secretarial Auditors Report, along with other inspection documents were made available during the meeting for inspection by members

With the permission of the members present, Chairman took the notice of the meeting along with the Audited Standalone Financial Statements of the Company for the financial year ended March 31[st] , 2022 and the report of Board of Directors thereon, being already circulated as read.

The Chairman further informed that the Auditor's report on the Financial Statement for the financial year ended March 31[st] , 2022, did not have any qualifications, observations, comments or other remarks.

The Chairman then addressed the members and gave an overview of the Company's performance and its future outlook.

The Chairman thereafter informed the members the following:

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• Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended by the Companies (Management and Administration) Amendment Rules, 2015 and Regulation 44 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 Company had provided remote e- voting facility to the members of the Company in respect of business to be transacted at the 30[th] AGM of the Company.

• The e-voting period commenced on 9[th] November, 2022 (9.00 a.m. IST) and ended on 11[th] November, 2022 (5.00 p.m. IST).

• Facility of Voting through Ballot Papers is available at the AGM and the Ballot papers were distributed for voting at the meeting.

• Members attending the AGM, who have not voted using remote e-voting were allowed to vote through the Ballot Papers.

Mohit Gurjar, Practicing Company Secretary, who is also the Scrutinizer for the e-voting process, was appointed to act as the Scrutinizer to scrutinize the polling process in a fair and transparent manner.

Thereafter, the Chairman took the Item no’s. 1 to 16 of the Notice and explained the objectives of each item of the Notice and invited queries from the Members.

All queries raised were answered by the Chairman.

The Chairman then ordered the voting through ballot papers at the venue of AGM on all the resolutions set in the notice of AGM.

The resolutions proposed were as follows:

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Item No. Description
Ordinary Business
1 Ordinary Resolution:
To receive, consider and adopt the standalone Audited Balance Sheet of the Company
as at 31st March, 2022 and the Statement of Profit and Loss Account and Cash Flow
Statement for the financial year ended on that date along with the Report of Directors
and the Auditors thereon
2 Ordinary Resolution:
To appoint a Director in the place Mr. Rahul Patibandla, who retires by rotation and being
eligible himself for reappointment.
Special Business:
3 Special Resolution:
To approve increase in the Authorized Share Capital and alteration of the Capital Clause
of the Memorandum of Association of the Company
4 Special Resolution:
To approve Alteration of the Articles of Association of the Company
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5 Special Resolution:
To consider and approve further issue of equity shares on preferential basis for cash
6 Special Resolution:
Approval for offering an option of conversion of unsecured loans and Sundry Creditors
into equity.
7 Special Resolution:
To consider and approve issue of Equity shares to the promoters and non promoters by
way of conversion of unsecured loan (USL).
8 Special Resolution:
To consider and approve conversion of outstanding amount due to Sundry Creditors by
way of Preferential Issue of Equity Shares
9 Special Resolution:
To approve borrowing of funds from banks and Financial Institutions to an aggregate
sum of Rs. 200 Crores (Find and Non Fund Based)
10 Special Resolution:
To Authorize creation of charges on the assets of the company
11 Special Resolution:
To approve reappointment of Mr. Bobba Narayana Murthy, Managing Director of the
Company.
12 Special Resolution:
To approve reappointment of Mr. Bobba Lakshmi Narasimha Chowdary, Director and
CFO of the Company.
13 Special Resolution:
To approve reappointment of Mrs. Vijaya Lakshmi Bobba, Director of the Company.
14 Special Resolution:
To consider, approve and regularize the appointment of additional director, Mr.
Sriramshetty Srinivasa Rao
15 Ordinary Resolution:
To consider, approve and regularize the appointment of additional director, Mr. Ramesh
Babu Nemani
16 Ordinary Resolution:
To consider, approve and regularize the appointment of additional director, Ms.
Reshma Kiranmayee Pulapa.
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Thereafter the Chairman announced that the scrutinizer will submit her report on voting after considering the results of remote e-voting and results of voting through ballot papers, within 48 hours and the same will be notified to the Stock Exchanges and will also be uploaded on the Company's website.

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The Meeting then concluded with a vote of thanks.

The AGM Commenced at 03.00 P.M. and concluded at 03.30 P.M.

This is for your information and records.

Thanking you.

For VSF PROJECTS LIMITED

narayana Digitally signed by narayana murthy murthy bobba Date: 2022.11.13 bobba 12:25:53 +05'30' NARAYANA MURTHY BOBBA MANAGING DIRECTOR (DIN:00073068)

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