Walchandnagar Industries Ltd — AGM Information 2021

Aug 15, 2021

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Ref. No. : WI: SEC:2021 Date : August 15, 2021

National Stock Exchange of India Ltd. BSE Ltd. Corporate Action Department Corporate Relations Department Exchange Plaza, 5th floor, 1st floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Bldg P.J. Tower, Bandra Kurla Complex, Bandra (East) Mumbai 400 001. Mumbai 400 051. Fax:: 22723121/2039/2037 Fax :26598237/38, 66418126/25/24 SCRIP CODE : 507410 SCRIP CODE : WALCHANNAG

Sub.: Disclosure of events or information - 112[th] Annual General Meeting held on Saturday, August 14, 2021.

Ref.: Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 read with Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith gist of proceedings of the 112[th] Annual General Meeting held on Saturday, August 14, 2021.

Kindly take the same on your record.

Thanking you,

Yours faithfully,

For Walchandnagar Industries Ltd.,

Giriraj Sharan Agrawal Digitally signed by Giriraj Sharan Agrawal DN: c=IN, o=Personal, title=5216, pseudonym=68e68b14186155239d9ee36b4ac94e5ac98ae31713ff55cc8c5af654c51d1bbf, 2.5.4.20=d377a37a9c44bd0db5b3d17dd821ed935afdab89d983731b99c7c8e717112652, postalCode=400034, st=Maharashtra, serialNumber=5a4130bf9a70610c0fd108bdfb582c7679b4082096434107dba690b8c4821e18, cn=Giriraj Sharan Agrawal Date: 2021.08.15 17:19:25 +05'30'

G. S. Agrawal

Vice President (Legal & Taxation) & Company Secretary

Encl.: As above

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Gist of Proceedings of the 112[th] Annual General Meeting (“the Meeting”/ “AGM”) of Walchandnagar Industries Limited.

1. Date, time and Venue of the Meeting:

The 112[th] AGM of the Company was held on Saturday, August 14, 2021 through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The Meeting commenced at 05.00 P.M. through Video Conference and concluded at 05.55 P.M.

2. Proceedings in brief:

• Mr. Chakor L. Doshi, Chairman of the Company chaired the proceedings of the Meeting. The requisite quorum being present, the Chairman called the Meeting to order.

• The Company Secretary informed that due to outbreak of second wave of COVID-19 and considering the social distancing norms, the Meeting was held through VC/ OAVM as per the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. The Company had also provided live webcast of the proceedings of Meeting.

• The Chairman requested the members of the Board who had joined the meeting through Video Conference to introduce themselves. Mr. Dilip J. Thakkar, Dr. Anil Kakodkar, Mrs. Rupal Vora, Mr. G. K. Pillai and Mr. Chirag C. Doshi introduced themselves to the members.

• The Chairman further announced that 3 representations under section 113 of the Companies Act, 2013 in respect of 13642033 equity shares of Rs. 2 each, which constitute 35.83 % of the Company’s paid-up equity share capital, had been received.

• Thereafter, the Chairman declared that the notice of the 112[th] AGM, copies of Audited Financial Statements for the year ended March 31, 2021, Board's and Auditor's report had been sent through electronic mode to those Members whose e-mail addresses had been registered with the Company’s Registrar and Transfer Agent or Depositories. Accordingly, the notice of the AGM and statutory auditor's report were taken as read.

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• The Company Secretary informed that remote e-voting commenced at 9:00 A.M. on Wednesday, August 11, 2021 and concluded at 5:00 P.M. on Friday, August 13, 2021.

• The following items of businesses as set out in the Notice convening the 112[th] AGM were recommended for members’ consideration and approval:

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the Company as at March 31, 2021 together with the Reports of Board of Directors and Auditors thereon.

2. To appoint a Director in place of Mr. G. K. Pillai (DIN: 01537184) Director, who retires by rotation at 112[th] Annual General Meeting and, being eligible, offers himself for re-appointment.

Special Business :

1. To avail the Professional Services of Mr. G. K. Pillai as Advisor / Consultant for a further period of One Year w.e.f. April 01, 2021.

2. To approve ratification of remuneration of Cost Auditor of Company for Financial Year ending March, 2022.

3. Mr. Chakor L. Doshi, Chairman of the Company gave opportunity to the speaker shareholders to ask questions or seek clarifications on the Agenda items. Thereafter, he responded to some of the questions raised by the Members and for answering some of the specific questions related to the working of the Company he handed over to Mr. Chirag C. Doshi, Managing Director & CEO.

4. The Company Secretary also informed that the Board of Directors of the Company had engaged the services of National Securities Depository Limited (NSDL) for remote e-voting and had also appointed Mr. V. N. Deodhar of M/s. V. N. Deodhar & Co., as the scrutinizer for the purpose of scrutinizing the e-voting at the Meeting and by remote e-voting process.

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5. The Chairman also informed the members that the results of remote e-voting shall be disseminated to

the stock exchanges and will also be uploaded on the website of the Company and NSDL (viz. www.evoting.nsdl.com), the agency providing remote e–voting facility.

6. Voting by Members:

• The Company had provided remote e-voting facility to its members to cast votes electronically, for all the 4 items of business set out in the notice.

• Further, the facility to vote on resolutions through electronic voting system at the meeting was made available to the members who participated in the meeting and had not cast their votes through remote e-voting.

• All the resolutions set out in Notice calling the 112[th] AGM were passed with the requisite majority and are deemed to be passed on the date of the 112[th] AGM i.e. on August 14, 2021.

Note: These are not the minutes of the proceedings of the Annual General Meeting of the Company.

Please take the same on your record.

Thanking you,

Yours faithfully,

For Walchandnagar Industries Ltd.,

Digitally signed by Giriraj Sharan Agrawal DN: c=IN, o=Personal, title=5216, pseudonym=68e68b14186155239d9ee36b4ac94e5a Giriraj Sharan c98ae31713ff55cc8c5af654c51d1bbf, 2.5.4.20=d377a37a9c44bd0db5b3d17dd821ed935afdab89d983731b99c7c8e717112652, postalCode=400034, st=Maharashtra, serialNumber=5a4130bf9a70610c0fd108bdfb582c76 Agrawal 79b4082096434107dba690b8c4821e18, cn=Giriraj Sharan Agrawal Date: 2021.08.15 17:20:21 +05'30'

G. S. Agrawal

Vice President (Legal & Taxation) & Company Secretary

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