Hikal : 35th AGM Proceedings and Scrutinizer Report

	September 26, 2023
BSE Ltd.,	National Stock Exchange of India Ltd.,
P J Towers,	Exchange Plaza,
Dalal Street,	Bandra-Kurla Complex, Bandra,
Mumbai - 400 001.	Mumbai - 400 051.
Scrip Code: 524735	Symbol: HIKAL

Dear Sir/Madam,

Subject: Summary of proceedings and Scrutinizer's Report of the 35th Annual general Meeting of the Company

The 35th Annual General Meeting (AGM) of the Company was held on Tuesday, September 26, 2023, commenced 11.30 AM through Video Conferencing (VC) facility/ Other Audio Visual Means (OAVM), without the physical presence of members at a common venue, in compliance with the provisions of Companies Act, 2013 (the 'Act'), and the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India in this regard, to transact the business as set out in the Notice convening the 35th AGM.

In connection with the above, please find enclosed the following:

1. Summary of proceedings of the AGM, pursuant to Regulation 30, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations)
   Annexure-I.
2. The Scrutinizer's Report on e-VotingAnnexure-II.

These reports will also be uploaded on the website of the Company viz. www.hikal.com and the scrutinizer's report will also be uploaded on the website of Central Depository Services (India) Limited.

You are requested to take the above on record.

Thank you,

Yours Sincerely,

for HIKAL LIMITED,

Rajasekhar

Reddy

Chintakindi

Digitally signed by Rajasekhar Reddy Chintakindi Date: 2023.09.26 20:29:10 +05'30'

Rajasekhar Reddy

Company Secretary & Compliance Officer

Enclosures: as above

Hikal Ltd.

Admin. Office: Great Eastern Chambers, 6th Floor, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Tel. + 91-22-62770299, + 91-22-6866 0300

Regd. Office: 717, Maker Chambers - 5, Nariman Point, Mumbai - 400 021, India. Tel. [phone]. Fax: + 91-22 6277 0500

www.hikal.com

[e-mail]

CIN: L24200MH1988PTC048028

Annexure-I

Summary of proceedings of the 35th Annual General Meeting of the Company

The 35th Annual General Meeting ('AGM') of the Members of Hikal Limited ('the Company') was held on Tuesday, September 26, 2023, at 11.30 AM (IST) through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM') without the physical presence of the members at a common venue.

90 members attended the meeting through video conferencing/ other audio visual means.

Mr. Rajasekhar Reddy, Company Secretary welcomed the Members to the 35th AGM and briefed them on certain points relating to the participation and voting at the AGM through VC.

Mr. Jai Hiremath, Chairman of the Company took the Chair. The Chairman welcomed the Directors, shareholders and other invitees to the meeting and after ascertaining the requisite quorum being present, called the meeting to order. All the Directors present at the meeting introduced themselves and stated the location from where they were participating in the AGM.

All the Directors of the Company except Mr. Ranjit Shahani, attended the Meeting. The Chairman of the Audit Committee, Stakeholders' Relationship Committee and Nomination & Remuneration Committee was also present at the AGM. Mr. Vinayak Pujare, the representative of S R B C & Co. LLP, Statutory Auditors and Mr. Dhrumil M. Shah, representative of Dhrumil M. Shah & Co. LLP, Secretarial Auditors and Scrutinizers, were also present at the Meeting through VC.

The Chairman informed the members that, the Registers as required under the Companies Act, 2013 were available for inspection in electronic mode.

The Notice convening the Meeting was taken as read and the reports of the statutory auditor and the secretarial auditor, being unqualified were not required to be read at the meeting.

The Chairman's speech forming part of the Annual Report was also taken as read. Mr. Rajasekhar Reddy, Company Secretary thereafter announced the names of the speaker shareholders one by one and requested the moderator to unmute the speaker shareholders present for putting up their questions/ queries.

The Chairman then responded to the queries asked and clarification sought by the Speaker Shareholders and the Chairman further proceeded with the resolutions.

The Chairman then informed that there were 6 (Six) resolutions for approval at the Annual General Meeting, which have been elaborated in the Notice of the meeting dated August 16, 2023.

In terms of the Notice dated August 16, 2023, convening the 35th AGM of the Company, the following items of business were transacted at the AGM through e-voting:

S.	Details of the Agenda	Resolution
No.	Type
	To receive, consider and adopt the audited standalone and
1	consolidated Financial Statements of the Company for the year ended	Ordinary
31 March 2023 together with the Reports of the Board of Directors
	and Auditors thereon.
	To confirm the interim dividend of ₹ 0.60/- per equity share of ₹ 2/-
2	each and to declare a final dividend of ₹ 0.60/- per equity share of ₹	Ordinary
2/- each, aggregating to a total dividend of ₹ 1.20/- per equity share
	of ₹ 2/- each, for the Financial Year 2022-23.
	To appoint a Director in place of Mr. Amit Kalyani (DIN: 00089430),
3	Non-Executive,Non-Independent Director, who retires by rotation	Ordinary
	and being eligible, offers himself for reappointment.
4	To consider and approve the appointment of Mr. Berjis M Desai	Special
(DIN: 00153675) as an Independent Director of the Company.
	To consider and approve the appointment of Mr. V. Ramachandra
5	Kaundinya (DIN: 00043067) as an Independent Director of the	Special
	Company.
6	To consider and ratify the remuneration payable to M/s. V. J. Talati	Ordinary
& Co., cost auditors of the Company, for the financial year 2023-24.

The Chairman thanked the Members for attending and participating at the meeting. He also thanked the Directors for joining the Meeting virtually. The e-Voting facility was kept open for 15 minutes after the conclusion of the meeting to enable the Members to cast their vote.

The Scrutinizer's Report was received on September 26, 2023 and as set out therein, all the Resolutions have been passed with the requisite majority.