WELSPUN SPECIALTY SOLUTIONS LIMITED — AGM Information 2021

Sep 1, 2021

September 1, 2021

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To, BSE Ltd. (Scrip Code-500365) Listing Department, P. J. Towers, Dalal Street, Mumbai – 400 001

Dear Sirs/ Madam,

Sub.: Compliance of Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In compliance with the Regulation 30(6), Part-A of Schedule-III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the brief proceedings of the 39[th] Annual General Meeting (AGM) of the Company held on Tuesday, August 31, 2021 at 2:00 p.m. through video conferencing.

The meeting was concluded at 2:38 p.m.

The following were in attendance:

1.	Ms. Amita Karia	Independent Director
2.	Mr. AnujBurakia	Whole Time Director
3.	Mr. Atul Desai	Independent Director, the Chairman of the Audit Committee, the Nomination and Remuneration Committee, the Risk Management Committee and the Stakeholders and Investor Grievance Committee.
4.	Mr. Narayana Rao	Independent Director
5.	Mr. Prakashmal Tatia	Non Executive Director
6.	Mr. Narendra Kumar Bhandari	CFO
7.	Ms. Rashmi Mamtura	CompanySecretary
8.	Mr. Mihen Halani	Scrutinizer
9.	Mr.Jigar Shah	StatutoryAuditor

Members Present: 47

Brief proceedings of the meeting are as under:

1. Mr. Atul Desai, was elected as Chairman for the meeting by way of electronic poll.

2. Mr. Desai occupied the chair and welcomed the members, Directors and other participants present in the meeting.

3. The requisite quorum being present, the Chairman called the meeting to order.

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1. Statutory registers, certificates were kept available for inspection by the members.

2. The Whole Time Director then addressed to the members and briefly explained the performance of the Company and current scenario.

3. The Secretary explained the resolutions to the members and voting process and mentioned that pursuant to the provisions of Companies Act, 2013, all Members had been provided the facility to vote by remote e-voting which commenced at 09:00 a.m. on Saturday, August 28, 2021 and ended at 05:00 p.m. on Monday, August 30, 2021. She further mentioned that those Members who could not vote by remote e-voting may cast their votes electronically during the meeting.

4. The Resolutions as mentioned in the Notice of AGM were transacted at the meeting as follows:

5. (i) Members by an ordinary resolution have approved and adopted the financial statements of the Company for the financial year ended March 31, 2021 together with the Auditors’ Report and the Directors’ Report thereon.

6. (ii) Members by an ordinary resolution have approved the re-appointment of Mr. Prakashmal Tatia (DIN: 06559106) who was retiring by rotation.

7. (iii) Members by an ordinary resolution have ratified appointment of M/s. Pathak H.D. & Associates LLP, Statutory Auditors from the conclusion of 39[th] AGM till the conclusion of 40[th] AGM; and their remuneration.

8. (iv) Members by an ordinary resolution have ratified the remuneration to M/s. Kiran J. Mehta, Cost Accountants as Cost Auditors of the Company for the financial year 202122.

9. (v) Members by a special resolution have approved re-appointment of Mr. Anuj Burakia as Whole Time Director for a further period of three years w.e.f. July 29, 2021.

10. (vi) Members by a special resolution have approved reappointment of Mr. Myneni Narayana Rao as an Independent Director for the second term of five years w.e.f. August 28, 2021.

11. (vii) Members by an ordinary resolution have approved Material Related Party Transactions with Welspun Steel Limited to avail loan/ inter corporate deposits from Welspun Steel Ltd to the extent of Rs.75 Cr.

12. (viii) Members by an ordinary resolution have approved Material Related Party Transactions with Welspun Corp Limited to avail loan/ inter corporate deposits from Welspun Corp Ltd to the extent of Rs.25 Cr.

13. The queries raised by the members were responded by the Company.

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The Chairman then thanked the Members and other attendees for participating in the meeting and informed that combined results of e-voting and voting during the AGM will be announced and made available on the website of the Company and will also be submitted to the stock exchange as per the requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking you,

Yours Faithfully, For Welspun Specialty Solutions Ltd

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